Japanese government bonds tumbled and stocks fell as interest rate hike bets gathered pace. Equities across the rest of Asia were mixed. Japan’s 10-year sovereign yield briefly rose more than 10 basis points after Governor Kazuo Ueda said Tuesday that the certainty of achieving the Bank of Japan’s price projections has continued to rise. Traders judged the comments as hawkish, spurring a 1% decline in the Nikkei 225 index. The yen strengthened against the dollar. Muted sentiment in the region comes after the S&P 500 and Nasdaq 100 closed at all-time highs for a second straight day. While Asia is expected to gain from the Federal Reserve’s anticipated easing, some corners of Wall Street are starting to question their forecasts as swaps traders in the US rein in bets of a March rate cut. Equity benchmarks in Hong Kong trimmed earlier gains and shares on mainland slipped after both markets jumped Tuesday on hopes for a market rescue package. Investors were skeptical of the rally sustaining as economic woes are bound to overshadow short-term market relief. Alibaba Group Holding Ltd. outperformed, with the stock also supported by a report on founder Jack Ma’s stock purchase. The benchmark 10-year Treasury yield slipped in Asian trading after edging higher Tuesday. A gauge of the dollar was little changed after two days of gains. In Japan, swap markets are pricing in a 58% chance of a 25-basis-point rate increase by the BOJ in April, compared with 44% at the end of last week. US equities gained Tuesday ahead of an onslaught of company reports that promise insight into the state of the global economy. Former President Donald Trump won the New Hampshire primary, dealing a blow to his only remaining major rival Nikki Haley and solidifying his status as the Republican party’s likely nominee. Bitcoin rebounded after slumping for a second day. Oil steadied as signs of lower US inventories and tensions in the Middle East were balanced by expectations for increased supplies. US After Hours NFLX +7.9%, ISRG +5.8%, LRN +5.5%, SAP +2.8% higher on earnings; TXN -4.1% lower on earnings; BB -13.6% falls on convertible notes offering.
Nikkei -0.80% Hang Seng +2.28% CSI +1.52% Shanghai +1.89% Shenzen +1.33%
Eur$ 1.0861 CNH 7.1758 CNY 7.1752 JPY 147.91 GBP 1.2699 CHF 0.8693 RUB 88.7253 TRY 30.2772 WTI$ 74.25 -0.17% Gold 2,024 -0.26% BTC 39,794 +1.51% ETH 2,226 +1.11%
S&P +0.29% Nasdaq +0.51% EuroStoxx +0.82% FTSE +0.21% Dax +0.58% SMI +0.28%
Macro :
- Trump Racing Toward 2024 Biden Rematch After New Hampshire Win
- Turkey Approves Sweden NATO Bid, Leaving Hungary as Holdout (2)
- China May Need a Bigger Bazooka: Authers and Lee
Keep an eye on :
Keep an eye on :
- ABI BB : AB InBev Reduces US Sales Team Headcount in Restructuring
- AIR FP : Griffin Global to Order, Lease Airbus Planes to Croatia Airlines
- BABA US ; Jack Ma Buys Alibaba Stock to Show Support for Struggling Empire
- ALO FP : Alstom 3Q Orders Beats Estimates, *ALSTOM TO PROVIDE BREAKDOWN OF DELEVERAGING PLAN IN MAY 2024
- AAPL US : Apple Faces EU App Store Reckoning Under Digital Markets Act
- ARNC US : Arconic to Sell China Business in Deal Valued Up to $300m: Rtrs
- ASML NA : ASML 4Q Bookings Beats Estimates
- ATO FP : BFM Home: David Layani will join the Atos board
- CS FP : EVs Cost Twice as Much to Insure as Fuel-Burning Cars in UK
- BARC LN : Barclays, Deutsche €14 Billion FICC at Risk on US Peer 4Q Slips
- BARN SW : Barry Callebaut 1Q Sales Misses Estimates
- BB CN : BlackBerry Said to Market Convertibles With 2.75%-3.25% Coupon
- EN FP : Bouygues Immobilier to Name Desmaizieres CEO, Minault Chairman
- EN FP : Bouygues Immobilier to Name Desmaizieres CEO, Minault Chairman
- BPOST BB : Bpost to Name Former CFO Philippe Dartienne to CFO Role Again
- DBK GY : Barclays, Deutsche €14 Billion FICC at Risk on US Peer 4Q Slips
- EDF FP : EDF’s UK Hinkley Nuclear Costs Balloon as Plant Delayed Again
- RACE IM : Porsche Investors Lose Hope of a Supercar Stock to Rival Ferrari
- GRMN US : Garmin Can Sustain Adventure-Watch Lead Despite Apple's Entry
- GJF NO : Gjensidige 4Q Pretax Profit Misses Estimates
- IDS LN : UK’s Ofcom Seeks Views on Changes to Universal Postal Service
- ITP FP : Interparfums 4Q Sales Misses Estimates
- LNZ AV : Lenzing Makes €480m Impairment, Sees 2023 Ebitda About €300M
- LHA FP : Italy Hopes EU to Decide on ITA Before June 6: Finance Ministry
- NOVOB DC : Oral Weight-Loss Drug Developer Kallyope Is Said to Explore IPO
- P911 GY : Porsche Investors Lose Hope of a Supercar Stock to Rival Ferrari
- RIEN SW : Rieter FY Sales Misses Estimates
- SAP GY : SAP 4Q Non-IFRS Revenue Beats Estimates
- SAS SS : SAS Sees FY Revenue Above SEK48B
- SAS SS : Airline SAS Expects to Cancel All Common Shares, Hybrids by June
- ENR GY : Siemens Energy Prelim 1Q Revenue Beats Estimates
- SKAB SS : Skanska Gets Order From Aker BP for About SEK1.9b
- SWEDA SS : Swedbank 4Q Net Fee & Commission Income Misses Estimates
- TASE IT : Bill Ackman, Wife Neri Oxman Buy 5% Stake in Tel Aviv Bourse
- TSLA US : Tesla Plans New Mass-Market EV in Mid-2025, Reuters Says
- VITR SS : Vitrolife Prelim 4Q Sales Beats Estimates
- WPP LN : WPP Gains as Shore Sees Fair-Value Upside, Faster EPS Growth