Asian stocks slipped Friday, breaking their longest winning streak since January, as uncertainty over interest-rate cuts by the Federal Reserve curbed risk appetite. The MSCI Asia-Pacific Index fell 0.6%, led by losses in Japan. The Topix index retreated 0.7% after closing at a record in its last session. The S&P 500 inched to a new record Thursday - its 10th in 19 days - on tech gains. The dollar edged up for a second day while Treasuries were flat after two days of declines. President Donald Trump said firing Federal Reserve chair Jerome Powell was not “necessary,” after touring the central bank’s headquarters. Stocks have soared from April lows as investors grew optimistic that Trump’s tariff war won’t hurt the economy and corporate earnings as initially feared. The latest strong jobs data weakened expectations for imminent cuts by the Fed ahead of the central bank’s meeting next week. Traders had slightly pared bets, projecting less than two reductions this year, after jobless claims fell for a sixth straight week. Technology stocks rose Thursday, driven by robust earnings from Alphabet Inc. that kept alive expectations the boom in artificial intelligence will continue to the benefit of US tech giants. Nvidia Corp hit a fresh high. US stock futures were higher on Friday after Intel Corp. gave an upbeat sales forecast. Shares in Japan retreated as some investors took profit after stocks soared for two days since the country struck a trade deal with the US. Also in Japan, the cost of living in Tokyo cooled for a second month on the back of some temporary factors even as food inflation stayed hot. Trading desks at firms including Goldman Sachs Group Inc. and Citadel Securities are telling clients to buy cheap hedges against potential losses in US stocks as a slew of risks loom over the market’s record advance. Right now, major indexes are soaring as the US inks trade deals amid a solid earnings season. Wall Street’s so-called fear gauge hasn’t been this low since February, and the S&P 500 Index has rallied 28% since April 8. That backdrop is making it cheap to hedge against a market slump. Elsewhere, Thai assets are in focus after the country’s F-16 fighter jets struck military sites in neighboring Cambodia as a dispute between the nations extended.
Nikkei -0.89% Hang Seng -0.90% CSI -0.54% Shanghai -0.33% Shenzen -0.17%
Eur$ 1.1741 CNH 7.1639 CNY 7.1637 JPY 147.24 GBP 1.3493 CHF 0.7962 RUB 79.3458 TRY 40.5327 WTI$ 66.21 +0.27% Gold 3,361 -0.23% BTC 115,550 -2.60% ETH 3,616 -3.30%
S&P +0.17% Nasdaq +0.12% EuroStoxx -0.22% FTSE 0.06% Dax -0.40% SMI -0.27%
Macro :
- Trump Says Not Necessary to Fire Powell After Getting Fed Tour
- US-Japan Trade Deal Hinges on Fund That Remains a Puzzle
Keep an eye on :
Keep an eye on :
- GOOGL US : Samsung in Talks to Expand Smartphone AI Beyond Google’s Gemini
- ALTR PL : Altri 1H Net Income EU14M Vs. EU62M Y/y
- ASTS US : AST SpaceMobile Offers 2.375% Coupon on Convertible Bond: Terms
- AVIO IM : Italian Rocket Maker Avio Seeks New Space Launches in Virginia
- BEN FP : Beneteau 2Q Sales at Constant Exchange Rates -16%
- BLND LN : British Land Criticizes Ban on ‘Upward Only’ Rent Reviews: FT
- BVI FP : Bureau Veritas 1H Adjusted Operating Margin Beats Estimates
- BVI FP : Bureau Veritas to Buy Dornier Hinneburg Unit, IFCR, EcoPlus
- BYS SW : Bystronic 1H Ebit Loss CHF7.9M Vs. Loss CHF23.0M Y/y
- CAMX SS : Camurus CEO Fredrik Tiberg Sells 115,000 Shares
- CA FP : NewPrinces to Buy Carrefour Italia for Ent. Value of About €1B
- CA FP : Carrefour Aims to Refinance BRL9.7b in Debt of Brazil Unit
- CA FP : Carrefour 2Q LFL Sales Ex-Fuel, Ex-Calendar Beat Estimates
- COFB BB : Cofinimmo 1H Adjusted EPS Beats Estimates
- EDF FP : EDF May Consider Assets Sales ‘Here and There’, CEO Says
- ELI BB : Elia Group 1H Ebitda Beats Estimates
- ENI IM : Eni 2Q Adjusted Net Income Beats Estimates Eni Profit Beats Estimates as Cost Cuts Help Offset Oil Weakness
- ENQ LN : Enquest, Serica Energy Weigh Bids for Prax Group Assets: Sky
- EOAN GY : Hitachi Energy Inks $700 Million Deal With EON for Grid Supplies
- GSK LN : GSK’s Blenrep Combo Approved in EU for Multiple Myeloma
- GPI IM : GPI Majority Holder FM in Talks That May Lead to Delisting
- GPI IM : GPI Majority Holder FM in Talks That May Lead to Delisting
- IBE SM : Iberdrola’s Share Sale Draws €19 Billion in Investor Orders
- IBE SM : Sheinbaum Says Spain’s Iberdrola Wants to Invest in Mexico
- COL SM : Inmobiliaria Colonial 1H Recurring Ebitda Misses Estimates
- HEIJM NA : Heijmans Sees FY Underlying Ebitda Margin About 9%
- HOFI SS : Hoist Finance 2Q Operating Income SEK1.04B
- IPR PL : Impresa 1H Net Loss EU5.1M Vs. Loss EU4M Y/y
- INTC US ; Intel Sees 3Q Revenue $12.6B to $13.6B, Est. $12.64B: Snapshot
- INTRUM SS : Sweden’s Intrum Completes Recapitalization, Exits Chapter 11
- KNDS (Private) : German Government Mulls Stake in Franco-German Tankmaker KNDS
- FII FP : LISI 1H Sales Meet Estimates
- MMB FP : Lagardere 1H Revenue EU4.35B Vs. EU4.19B Y/y
- LBTYA US : Liberty Global to Slash Jobs and Sell Private Jet: FT
- LOOMIS SS : Loomis 2Q Ebita Beats Estimates
- MC FP : LVMH 2Q Fashion & Leather Goods Organic Sales Miss Estimates
- MC FP : LVMH CEO Says Louis Vuitton Sales Are Rising in Mainland China
- MEKO SS : Meko 2Q Ebit SEK91M Vs. SEK284M Y/y
- MERY FP : Mercialys 1H Ebitda Misses Estimates
- ML FP : Michelin 1H Total Segment Operating Income Misses Estimates
- MSFT US : OpenAI prepares to launch GPT-5 in August
- NVG PL : Navigator Co 1H Net Income EU85.2M Vs. EU158.9M Y/y
- NVG PL : Navigator Co 1H Net Income EU85.2M Vs. EU158.9M Y/y
- NWL IM : NewPrinces to Buy Carrefour Italia for Ent. Value of About €1B
- NXI FP : Nexity 1H Revenue Matches Estimates
- PARA US : Paramount Global Merger With Skydance Wins FCC’s Approval (3)
- PHIA NA : Philips Faces Test to Convince Investors Its Turnaround Is Real
- PNFP US : Pinnacle, Synovus Agree to Combine in $8.6 Billion Stock Deal
- PROX BB : Proximus Sees FY Adjusted Ebitda up to +1%, Saw About +2%
- PUM GY : Puma Prelim 2Q Sales Miss Estimates; Cuts FY Forecast
- RCO FP : Remy Cointreau Raises FY Organic COP Target (1)
- REN PL : REN 1H Net Income EU65.7M Vs. EU48.6M Y/y
- ROG SW : Brazil Will Suspend Sales of Roche’s Elevidys After Patient Died
- SANFP : Sanofi’s Sarclisa Approved in EU for Multiple Myeloma
- SGSN SW : SGS 1H Operating Income Beats Estimates
- SOP FP : Sopra Steria 1H Net Income Beats Estimates
- MSTR US : Michael Saylor Amps Up Bitcoin War Chest With $2.8 Billion Sale
- SWTQ SW : Schweiter 1H Ebitda CHF43.4M Vs. CHF45.9M Y/y
- LIGHT NA : Signify 2Q Comparable Sales Beat Estimates
- SQZ LN : Enquest, Serica Energy Weigh Bids for Prax Group Assets: Sky
- 4XO GY : Steyr Motors Receives €20 Million of Orders for Boat Engines
- STMPA FP : STMicro to Buy NXP’s MEMS Sensors Business for Up to $950M
- FTI US : TechnipFMC Surges on Outlook for $10 Billion in Subsea Orders
- TSLA US : SpaceX’s Starlink Says It’s Experiencing a Network Outage (1)
- TIT IM : KKR Suspected of Misleading EU Over €22b Telecom Italia Deal (1)
- TIT IM : KKR Says Will Address EU Commission Concerns Over FiberCop Deal
- 8TRA GY : Traton 1H Operating Profit Misses Estimates
- 8 TRA GY : Traton Cuts FY Sales Forecast
- FR FP : Valeo FY Revenue Forecast Misses Estimates
- VK FP : Vallourec 2Q Ebitda Beats Estimates
- VK FP : Vallourec Says Board to Propose Renewing Term of CEO
- DG FP : Vinci Has Signed an Agreement to Buy Romanian Group EnergoBit
- VLTSA FP : Voltalia Wins Contracts to Construct Solar Plants in Ireland
- VOW GY : *VW SEES FY OPERATING ROS 4% TO 5%, SAW LOW END OF 5.5% TO 6.5%
- WBD IM : Webuild 1H Adjusted Ebitda EU563.7M Vs. EU407.3M Y/y
- WDP BB : WDP 2Q EPRA Net Tangible Assets per Share EU20.80
- 6622 HK : Zhaoke Ophthalmology Gets FDA Orphan Drug Status for Melphalan