Asian stocks declined and gold stumbled, as a week that began with record highs succumbed to worries about corporate earnings and trade tensions. MSCI’s Asian equities gauge, which had joined gold in setting an all-time high on Monday, retreated around 0.6%. That reflected drops in most big Asian stock markets, with the region’s investors largely echoing a nervous tone set in the US session. Gold was down around 0.4%. The jitters come from a mix of broad macro fears and worries closer to home. The Trump administration said it’s considering curbs on software exports to China, risking another escalation of the trade spat. But the biggest drop was company-specific: Shares of Pop Mart International Group Ltd. — which have more than doubled this year — plunged nearly 11% on Thursday amid concerns about the toy maker’s long-term sales outlook. In the US, assets favored by retail momentum traders had taken the worst losses, among them precious metals, crypto and artificial intelligence stocks. The Nasdaq 100 lost 1% after a disappointing outlook from Texas Instruments Inc. and a 10% slump in Netflix Inc. In late hours, Tesla Inc. slid as earnings missed estimates despite a sales surge. US equity futures edged higher in Asia on Thursday. Gold continued to edge toward $4,000 an ounce, falling for the third consecutive day. Oil jumped around 3% after the US announced sanctions on Russia’s biggest producers in its latest bid to pressure President Vladimir Putin to negotiate an end to the war in Ukraine. The yen was weaker against the dollar for a fifth session. The yield on 10-year Treasuries was steady after falling one basis point to 3.95% on Wednesday. A $13 billion sale of 20-year bonds was strong. The dollar index climbed 0.1%. Chinese officials conclude their Fourth Plenum gathering in Beijing, with a readout expected later in the day. Treasury Secretary Scott Bessent is expected to huddle with his Chinese counterparts over the weekend ahead of the Trump-Xi talks. The markets are jittery about the US-China tension, and “though it could probably be just another TACO situation, and even though everyone knows that’s how it goes, there are still people who have to react until things settle down,” said Ryuta Otsuka, a strategist at Toyo Securities. In Japan, newly appointed Prime Minister Sanae Takaichi ordered a fresh round of economic measures to help households and businesses cope with persistent inflation. Shares of Disco Corp. and Tokyo Electron Ltd. fell more than 3%, making them among the worst losers in the Nikkei 225 index. Elsewhere in the region, the Bank of Korea held its benchmark interest rate steady to avoid spurring a housing market rally. US After Hours TSLA -3.1%, LRCX -3% head lower on earnings; MEDP +17.4%, CLB +11.2% sharply higher on earnings.
Nikkei -1.46% Hang Seng -0.25% CSI -0.75% Shanghai -0.83% Shenzen -1.03%
Eur$ 1.1597 CNH 7.1274 CNY 7.1239 JPY 152.47 GBP 1.3336 CHF 0.7973 RUB 81.2558 TRY 41.9827 WTI$ 60.43 +3.30% Gold 4,087 -0.28% BTC 108,835 +1.06% ETH 3,844 +1.66%
S&P +0.06% Nasdaq +0.12% EuroStoxx +0.12% FTSE -0.10% Dax +0.09% SMI +0.12%
Macro :
- Sona’s Aylward Sees Looming $100 Billion European Credit Problem
- Gold Extends Rout in Volatile Pullback From Record Price Surge
- Quantum-Linked Stocks Rigetti, D-Wave, IonQ Extend Declines
- Gold Prices May Surge to $5,000 in Three Years, Amundi Says
- UK Should Drop 2030 Clean Power Goal, Tony Blair Institute Says
Keep an eye on :
Keep an eye on :
- ADBE US : Adobe weighed $3B takeover of AI startup Synthesia, Information reports
- AIR FP : Airbus, Leonardo, Thales Seal Deal to Merge Satellite Operations
- AA US : Alcoa 3Q Adjusted Ebitda Beats Estimates, Alcoa Says High US Aluminum Prices Offset Trump Tariff Costs (1)
- ALV GY : Allianz leads race to acquire NIB’s $100m travel insurance unit
- ANTO LN : Antofagasta 3Q Copper Production Misses Estimates
- ATEA NO : Atea 3Q Ebitda Beats Estimates
- AOF GY : Atoss Software Sees FY Ebit Margin 34%, Saw at Least 31%
- AXFO SS : Axfood 3Q Operating Profit Misses Estimates
- AZE BB : Azelis 3Q Revenue Beats Estimates
- BKT SM : Bankinter 3Q Net Income Meets Estimates
- BAR BB : Barco Targets €1.1B Sales in 2028, Reconfirms 2025 Guidance
- BEI GY : Beiersdorf Cuts FY Organic Sales Forecast
- BESI NA : BE Semiconductor 3Q Orders Beats Estimates
- BILL SS : Billerud 3Q Adjusted Ebitda Beats Estimates
- BVI FP : Bureau Veritas Signs Pacts to Buy Two Companies in Europe
- CA FP : Carrefour 3Q Sales Miss Estimates With Brazil Weak: Street Wrap
- COOR SS : Coor 3Q Ebit Misses Estimates
- CRWV US : CoreWeave Urges Core Scientific Holders to Vote for Acquisition
- DSY FP : Dassault Systemes Cuts FY Non-IFRS Rev Ex-FX Forecast
- DOM SS : Dometic 3Q Ebit Misses Estimates
- DSV DC : DSV 3Q Ebit Before Significant Items Beats Estimates
- FGR FP : Eiffage to Buy Additional ~7.1% in Getlink at €17.70/Share
- ELISA FH : Elisa 3Q Comparable Ebitda Meets Estimates
- ELK NO : Elkem 3Q Operating Income Misses Estimates
- ESSITYA SS : Essity 3Q Profit Beats Estimates; Launches Cost Savings Program
- EVO SS : Evolution 3Q Pretax Profit Misses Estimates
- FSKRS FH : Fiskars Sees FY Comparable Ebit Low End of EU90M to EU100M
- GALD SW : Galderma 9M Net Sales $3.74B, Galderma Sees FY Core Ebitda Margin 23.1% to 23.6%
- GALE SW : Galenica Boosts FY Forecast
- GET FP : Eiffage to Buy Additional ~7.1% in Getlink at €17.70/Share
- HEIA NA : Heineken Targets Mid-Single-Digit Org. Rev Growth Through 2030
- HOLMB SS : Holmen 3Q Operating Profit Misses Estimates
- HUH1V FH : Huhtamaki 3Q Adjusted Ebit Beats Estimates
- IBM US : IBM 3Q Revenue Beats Estimates: Snapshot -4% in After Hours
- IFCN SW : Inficon Sees FY Operating Margin 16% to 17%, Saw About 18%
- IHG LN : InterContinental Hotels 3Q EMEAA RevPAR Beats Estimates
- IPS FP : Ipsos FY Org Rev Forecast Misses Ests, Delays Strategic Plan
- KER FP : Kering ADRs Jump to March 2024 High on Comparable Sales Beat
- KIN BB : Kinepolis 3Q Change in Attendance -11.1%
- KNEBV FH : Kone 3Q Orders Beats Estimates
- KNIN SW : Kuehne + Nagel 3Q Net Revenue Meets Estimates
- EMG LN : Man Group, LGT Capital Say Crypto Yet to Win Over Investors
- LONN SW : Lonza Confirms FY 2025 Outlook for CDMO and CHI Businesses
- METSO FH : Metso 3Q Orders Beats Estimates
- ML FP : Michelin Says Won’t Meet 2026 SOI, Operating Margin Targets
- MRNA US : Moderna Vaccine Fails to Prevent Infection Tied to Birth Defects -8% in After Hours
- MOH US : Molina Healthcare 3Q Profit Falls; Cuts Full-Year Guidance on Higher Medical Costs,*MOLINA SINKS 20% AFTER 3Q EPS, REVENUE MISS; CENTENE DROPS 6.3%
- NFLX US : *NETFLIX SHARES FALL 10% IN WORST ONE-DAY DROP SINCE APRIL 2022
- NEX FP : Nexans 3Q Organic Revenue Beats Estimates
- NCCB SS : NCC 3Q Net Sales Meet Estimates
- NOKIA FH : Nokia 3Q Adjusted Operating Profit Beats Estimates
- 600745 CH : Nexperia China Unit Resumes Sales to Local Distributors: Rtrs
- ORA FP : Orange Sees FY Ebitda After Leases at Least +3.5%, Saw Above +3%, Orange Raises 2025 Profit Growth Outlook After Adding Customers
- ORCL US : Vantage Investor Gains on OpenAI, Oracle WI Data Center Pact
- PGHN SW : Partners Group Sells 24.9% in Apex Logistics to Kuehne + Nagel
- P911 GY : Porsche hits reverse on EV push as new CEO shifts back to petrol - FT
- PCELL SS : PowerCell 3Q Sales SEK85.8M Vs. SEK71.9M Y/y
- QS US : QuantumScape Improves FY Adj. Ebitda Loss View; Shares Rise
- RNO FP : Renault 3Q Automotive Revenue Meets Estimates
- ROG SW : Roche Raises Core EPS FY Outlook, 3Q Sales Miss Estimates
- SPM IM : Saipem 3Q Revenue Misses Estimates
- 005930 KS : Musk Says Samsung Taking Bigger Role in Making Tesla Chips
- LOCAL FP : Solocal : Le Chiffre d'affaires trimestriel du groupe s'est établi à 81,5 ME au T3
- PNDXB SS : Pandox 3Q Ebitda Beats Estimates
- SAP GY : SAP 3Q Non-IFRS Cloud Revenue Meets Estimates, SAP’s ADRs Slump on Disappointing 3Q Cloud Revenue
- SCST SS : Scandi Standard 3Q Net Sales Beat Estimates
- SEBA SS : SEB 3Q Net Interest Income Beats Estimates, SEB Starts New SEK2.5b Share Buyback Program
- SGSN SW : SGS 3Q Sales CHF1.73B Vs. CHF1.70B Y/y
- SMCP FP : SMCP 3Q Organic Sales +2.5%
- SW FP : Sodexo Sees 2026 Organic Revenue +1.5% to +2.5%
- SF SS : Stillfront 3Q Ebit Beats Estimates
- STM FP : STMicro 3Q Gross Margin Misses Estimates, STMicro 4Q Net Revenue Forecast Misses Estimates
- STM FP
- STERV FH : Stora Enso 3Q Sales Miss Estimates
- 4XO GY : Steyr Motors Says FY25 Forecast ‘Achievable in Principle’
- SWEDA SS : Swedbank 3Q Common Equity Tier 1 Ratio Matches Estimates
- TKTT FP : Tarkett 3Q Net Sales EU996M Vs. EU1.00B Y/y
- TKTT FP : Tarkett 3Q Net Sales EU996M Vs. EU1.00B Y/y
- TELIA SS : Telia 3Q Adjusted Ebitda Meets Estimates, Telia Boosts FY Free Operating Cash Flow Forecast
- TSLA US : Tesla 3Q Adjusted EPS Misses Estimates: Snapshot
- TSLA US : Musk Says Samsung Taking Bigger Role in Making Tesla Chips
- TGS NO : TGS 3Q Produced Ebitda Beats Estimates
- HO FP : Thales 3Q Sales Beat Estimates
- HO FP : Airbus, Leonardo, Thales Sign MOU for Space, Satellite Player
- ULVR LN : Unilever 3Q Underlying Sales Beat Estimates
- VRLA FP : Verallia Cuts FY Adjusted Ebitda Forecast
- VERK FH : Verkkokauppa.com 3Q Revenue Beats Estimates
- VISC SS : Gruvaktiebolaget Viscaria Offering Prices at SEK19/Share
- VITR SS : Vitrolife 3Q Ebitda Misses Estimates
- VKTX US : Viking Therapeutics 3Q Revenue Matches Estimates
- VOLCARB SS : Volvo Car 3Q Revenue Beats Estimates
- WIHL SS : Wihlborgs 3Q Income From Property Management Misses Estimates