Global equities extended an advance amid sharp swings in Chinese stocks while other key markets around the region followed Wall Street higher following optimism from early US earnings reports. Hong Kong and mainland shares swung back to gains Tuesday, with the biggest move in the hard-hit technology sector. The Hang Seng Index rose around 1% after suffering its worst day since the financial crisis on Monday as investors reacted to President Xi Jinping tightening his control of government. An index of global equities rose fractionally after advancing over the past two days. Markets in Japan and Australia reflected gains in the the US on Monday while futures for the S&P 500 fluctuated during Asian trading. The offshore yuan fell to the lowest level since trading began a dozen years ago, as Xi’s power grab raised concern that concentrated decision-making could weaken growth and destabilize geopolitics. The decline extended after China’s central bank set the official fixing rate for the currency at the lowest level in 14 years. A fifth of S&P 500 companies have now posted third-quarter earnings with more than half outperforming estimates. Microsoft Corp., Alphabet Inc., Amazon.com Inc. and Apple Inc. report this week. The iPhone maker raised prices for its subscription music and TV services, citing higher input costs. Oil steadied as traders assessed near-term supply tightness in the crude market and broad appetite for risk assets including commodities. Gold was also steady in Asia. US After Hours WEBR +24% on BDT Capital offering to acquire the company; MEDP +20.2% on earnings and upbeat FY23 guidance; AAN +16.4% on earnings; CCK -16.5% on earnings miss and weak guidance
Nikkei +1,23% Hang Seng +0,87% CSI +0,91% Shanghai +0,74% Shenzen +0,34%
Eur$ 0,9879 CNH 7,3378 CNY 7,3061 JPY 148,87 GBP 1,1299 CHF 1,0005 RUB 61,5119 TRY 18,6043 WTI$ 84,84 +0,30% Gold 1,650,30 +0,25% BTC 19,345 -0,25% ETH 1,347 -0,30%
S&P -0,06% Nasdaq -0,06% EuroStoxx +0,08% FTSE -0,02% Dax -0,07% SMI +à,31%
Macro :
- JPMorgan’s Kolanovic Calls China Stocks Selloff a Buying Moment
- Global Junk-Bond Sales Drop Most Ever With No Signs of Recovery
- *YELLEN 'CAN'T RULE OUT THE RISK' OF A RECESSION: MSNBC
Keep an eye on :
- ADS GY : Ye Documentary Shelved by Studio Following Antisemitic Remarks
- AI FP : Air Liquide 3Q Revenue Beats Estimates
- AKER NO : Aker Solutions 3Q Adjusted Ebitda NOK749M Vs. NOK459M Y/y
- ALFA SS : Alfa Laval 3Q Adjusted Ebita Misses Estimates
- AAD GY : Amadeus Fire Sees FY Operating Ebita Above EU70M
- BAYN GY : Crop Giant Bayer Partners With Nori on Carbon Removal Market
- BILL SS : Billerud 3Q Adjusted Ebitda Beats Estimates
- ALCAR FP : Carmat Gets Approvals to Resume Aeson Commercial Implants
- 1COV GY : Covestro Narrows FY Ebitda Forecast
- DSV DC : DSV Boosts FY Ebit Before Significant Items Forecast, DSV Warns of Slowdown After Raising 2022 Profit Forecast
- EMSN SW : EMS-Chemie 9M Net Sales CHF1.87B Vs. CHF1.69B Y/y
- ENG SM : Enagas 9M Net Income EU353.4M Vs. EU307.3M Y/y
- ENGI FP : Inpex Buys Stake in 98.4MW Indonesia Geothermal Power Project
- EUCAR FP : Avis Shares Climb Most Since March After JPMorgan Upgrade
- GSK LN : Lyell Immunopharma Says GSK Discontinuing License Pact
- HELN SW : Helvetia Seeks New CEO as Gmuer to Step Down Mid-2023
- HSBA LN : HSBC 3Q Adjusted Pretax Profit Beats Estimates
- HSBA LN : HSBC's $1 Billion Boost to Cost Savings, NII Ticks Boxes: React
- IDIA SW : Idorsia 3Q Net Loss CHF216M, Est. Loss CHF221.4M
- IDS LN : More Than 115,000 Postal Workers to Strike Oct. 25: CWU Union
- ITP FP : I Interparfums Boosts FY Sales Forecast
- INWI SS : Inwido 3Q Net Sales Beats Estimates
- KEMIRA FH : Kemira 3Q Oper Ebitda Beats Estimates
- KNIN SW : Kuehne + Nagel 9M Ebit Meets Estimates
- LAGRB SS : Lagercrantz 2Q Net Income Beats Estimates
- LIAB SS : Lindab 3Q Net Income Misses Estimates
- LOGN SW : Logitech 2Q Sales Misses Estimates
- MYTIL GA : Mytilineos 9M Net Income EU312M Vs. EU115M Y/y
- NEOEN FP : Neoen Announces Results of Early Redemption for Convertibles
- NHY NO : Norsk Hydro 3Q Adjusted Ebitda Beats Estimates
- NOS PL : NOS 3Q Net Income EU106M Vs. EU46.1M Y/y
- NOVN SW : Novartis Profit Beats Estimates as Sales of New Drugs Rise
- ORA FP : Orange 3Q Ebitda After Leases Meets Estimates
- ORA FP : Orange Says European Markets Return to Growth, Boosting Sales
- ORSTED DC : Orsted, CIP Partner on 5.2 Gigawatts of Wind Projects
- POM FP : Plastic Omnium 3Q Revenue Beats Estimates
- PRU LN : Prudential Slumps to March 2020 Lows Due to High China Exposure
- RAND NA : Randstad 3Q Organic Revenue Beats Estimates
- RCO FP : Remy Cointreau 2Q Organic Revenue Beats Estimates
- RESURS SS : Resurs Holding 3Q Operating Income Beats Estimates
- ROG SW : Arthritis Drug Shipment Delay Mars Chugai’s 3Q: Street Wrap
- RBREW DC : Royal Unibrew Says Acquisition of Aqua d’Or Won’t Be Completed
- SAP GY : SAP Third-Quarter Revenue Beats Estimates as Cloud Earnings Rise
- SK FP : SEB Cuts FY Operating Result From Activity Margin Forecast
- SEQUA BB : Sequana Medical’s Alfapump Endpoint Data in Line With Views
- SHB LN : Shaftesbury Capital's Global Lure Douses Value Crash: BI Focus
- SHEL LN : Europe Biggest Oil Refinery Suffers Second Fault This Month
- SSABA SS : SSAB 3Q Adjusted Operating Profit Beats Estimates
- TTK GY : Takkt Maintains FY Ebitda Forecast
- THG LN : THG PLC 3Q Revenue Misses Estimates
- TTE FP : Total Sees Papua LNG FID in 2023, First Gas by End of 2027
- TWTR US : Twitter Should Be as Broadly Inclusive as Possible, Musk Says
- UBSG SW : UBS Group 3Q Net Income Beats Estimates
- ULVR LN : Unilever Recalls Widely Used Dry Shampoos Over Cancer Risk
- ULVR LN : Peltz Met With Possible Unilever CEO Candidates: Rtrs
- VAR NO : Var Energi Posts 3Q Net Loss of $30M After Balder X Impairment
- VPLAYB SS : Viaplay Sees FY Revenue +20%, Saw at Least +28%
- VIV F P : Spotify, Warner Climb as Apple Raises Price of Apple Music
- WRT1V FH : Wartsila 3Q Net Sales Beats Estimates
- WLN FP : Worldline 3Q Revenue Beats Estimates