Asian stocks rose Friday, helped by the technology sector, while the dollar was firm before a speech by Federal Reserve Chair Jerome Powell that’s set to shape views on the pace of US monetary tightening. A regional index hit a one-week high amid gains in Japan and Hong Kong, where a tech gauge extended a rally. S&P 500 and Nasdaq 100 futures were steady after a climb in US shares. European futures added more than 0.5%. Hong Kong’s bourse is benefiting from apparent progress on averting the delisting of Chinese shares in the US over an audit dispute. Beijing’s efforts to step up stimulus for China’s ailing economy have aided investor sentiment too. Meanwhile, Fed officials gathering for a conference in Jackson Hole, Wyoming conveyed a chorus of hawkish comments. Powell is expected to restate the Fed’s resolve to keep hiking interest rates to fight elevated inflation when he speaks at 10 a.m. Washington time on Friday. Treasuries slipped, pushing the US 10-year yield toward 3.05%. Oilscaled $93 a barrel. Gold and Bitcoin edged lower. A rebound in stocks and bonds from June lows has left financial conditions at easier levels than before the Fed began its aggressive tightening campaign. The question is whether Powell will try to reset market expectations to ensure that the brakes continue to be applied to economic activity. US After Hours FTCH +13.3%, WDAY +10.9%, GPS +6.3%, ULTA +3.1% higher on earnings; DOMO -15.2%, AFRM -13.5%, DELL -7.8%, ESTC -4.9%, MRVL -3.5% lower on earnings.
Nikkei +0.72% Hang Seng +0.70% CSI +0.02% Shanghai +0.09% Shenzen +0.22%
Eur$ 0.9968 CNH 6.8597 CNY 6.8547 JPY 136.69 GBP 1.1822 CHF 0.9638 RUB 60.4160 TRY 18.1721 WTI$ 93.39 +0.94% Gold 1,756.76 -0.11% BTC 21,151 -0.50% ETH 1,683.35 -1.45%
S&P -0.21% Nasdaq -0.28% EuroStoxx +0.40% FTSE +0.27% Dax +0.36% SMI +0.42%
Macro :
- BofA’s Subramanian Says Reasons to Be Bullish Are ‘Pretty Thin’
- Francisco Partners Said in Talks to Buy Music Publisher Kobalt
Keep an eye on :
- AKSO NO : Aker BP, Aker Solutions Award Rosenberg Worley LOI of NOK1.6b
- DELL US : Dell Technologies 2Q Adjusted EPS Beats Estimates
- EDF FP : UK to Announce Support for Sizewell C Nuclear Plant Next Week
- ENEL IM : Enel Colombia, Bavaria Sign 15-Year Green PPA
- ECMPA NA : Eurocommercial 1H Net Property Income EU85.5M Vs. EU70.4M Y/y
- GPS US : Gap 2Q Adjusted EPS Beats Estimates
- HAL NA : HAL 1H Net Loss EU161.2M Vs. Profit EU597.4M Y/y
- HEIA NA : Heineken, Brewers Fall as Worries Over Global Energy Crisis Bite
- IBAB BB : IBA Qualifies For Second Round of Ten-Unit Tender In Spain
- LHA GY : German Pilots Union Starts Preparations for Lufthansa Strike
- MCRO LN : OpenText to Buy Micro Focus for 532p/Share Cash: M&A Snapshot
- REC BB : Recticel 1H Net Income EU34.6M Vs. EU28.0M Y/y
- SAN FP : Florida Zantac Ruling Positive for GSK, Sanofi, Haleon: Citi
- SFSN SW : SFS 1H Sales Beats Estimates
- ENR GY : Russia May Freeze Siemens’s Unit Sale to Inter RAO: Kommersant
- SIFG NA : SIF 1H Revenue EU191.3M Vs. EU249.3M Y/y
- SKFB SS : Cevian Capitals Ownership in SKF Exceeds 5% of Capital
- STORYB SS : Storytel Names Johannes Larcher as New CEO
- ZUGN SW : Zug Estates 1H Vacancy Rate 3.8%