Shares in Asia struggled for traction on Thursday, with US and Japanese markets shut for holiday. Oil fell for a second day.
Equities slid in Australia, while those in Hong Kong and China fluctuated and South Korean shares gave up earlier gains. Oil extended losses in Asia after falling close to 1% in the previous session on news that the OPEC+ group of oil producing countries would delay a meeting, reducing the likelihood of an imminent production cut to buoy prices. Country Garden Holdings surged in Hong Kong, following news that Beijing included the company and other distressed developers in a draft list of builders eligible for financial support, the latest move to plug an estimated $446 billion shortfall needed to ease a housing crisis. A gauge of Chinese property stocks rallied 7%, set for its best week since early September. The S&P 500 rose 0.4% Wednesday ahead of the Thanksgiving holiday, resuming a November rally that has lifted the index around 8%, on track for its best month since July last year. US futures were little changed in Asian trading. Treasuries fell Wednesday, weighing on Australian and New Zealand government bond yields in Asian trading. There’s on cash trading on Thursday with holidays in Japan and the US. Wednesday selling in Treasuries pushed the two-year and five-year yields three basis points higher. The increase in yields reflected fresh data showing Americans expect inflation to climb at an annual rate of 4.5% over the next year, up from the 4.4% expected earlier in the month, according the University of Michigan. Rising US yields helped the dollar, which rose against major currencies Wednesday, staunching a decline from earlier in the week. Asian currencies were muted Thursday with the yen steady at above 149 per dollar after weakening in the prior session. In Asia, Indonesia’s central bank is expected to keep its benchmark interest rate steady. Data set for release include Taiwan industrial production and Singapore consumer prices. Elsewhere, reports showed some market participants are wary of reconnect with the Industrial & Commercial Bank of China Ltd. following a cyberattack that affected trading. The lender’s shares slipped early Thursday. Origin Energy Ltd. will ask investors to vote on a revised A$19.1 billion ($12.5 billion) offer from a Brookfield Asset Management Ltd.-led group next month, postponing a planned meeting after proxy results showed the existing proposal would fail. US After Hours Quiet after hours session; TGT -0.1% on mixed securities shelf offering.
Nikkei +0.29% Hang Seng +0.48% CSI +0.44% Shanghai +0.58% Shenzen +0.75%
Eur$ 1.0910 CNH 7.1466 CNY 7.1403 JPY 149 GBP 1.2512 CHF 0.8827 RUB 88.4932 TRY 28.8432 WTI$ 76.23 -1.14% Gold 1,996 +0.31% BTC 37,332 -0.79% ETH 2,064 -0.87%
S&P +0.05% Nasdaq +0.12% EuroStoxx -0.03% FTSE +0.19% Dax -0.06% SMI -0.22%
Macro :
- Deutsche Boerse Says DAX Capping to Be Adjusted to 15% From 10%
- Israel’s Truce and Hostage Deal With Hamas Faces Delays
Keep an eye on :
Keep an eye on :
- ACKB BB : Ackermans 3Q Net Cash EU524.7M
- BATS LN : Next-Gen Tobacco Product Sales May Stall Under Tighter EU Rules
- 2007 HK : China Puts Country Garden on Draft List of Builders to Support --> +15%
- DB1 GY : Deutsche Boerse Says DAX Capping to Be Adjusted to 15% From 10%
- ELE SM : Endesa Sees Ebitda Rising as Much as 47.5% in 2026 From 2023
- ELE SM : Endesa to Pay Interim Dividend of €0.5/Share on 2023 Profit
- FCT IM : Fincantieri in 10-Yr Contract With Egypt Valued at EU260m
- GIMB BB : Gimv 1H Net Income EU158.2M Vs. Loss EU75.1M Y/y
- HBR LN : Billionaire Slim’s Family Trust Holds 4% in Harbour Energy
- IMB LN : Next-Gen Tobacco Product Sales May Stall Under Tighter EU Rules
- JET2 LN : Jet2 1H Revenue GBP4.41B Vs. GBP3.57B Y/y
- MAERSKB DC : Maersk Signs Supply Chain Management Deal With Kumho Tire
- MFEB IM : MFE 9M Ebit EU98.3M Vs. EU97.6M Y/y
- MONC IM : EssilorLuxottica, Moncler Sign Exclusive Eyewear Licensing Deal
- NOVOB DC ; MACRON TO ANNOUNCE €2.1B NOVO NORDISK INVESTMENT IN FRANCE
- POLY LN : Polymetal Offers to Exchange Shares Affected by Asset Freeze
- Tennet : Goldman Lures Hedge Funds to Bet on €22 Billion German Grid Deal
- UBSG SW : UBS CEO Ermotti Says the Bank Has Ability to Absorb Losses
- UQA AV : Uniqa 9M Pretax Profit EU304.9M
- VLTSA FP : Voltalia, Co-Op Sign 15-Yr Corporate PPA for UK Solar Farm
- VOW GY : VW Confirms 11% Raise for Chattanooga Production Workers