European equity futures climbed and Asian stocks advanced for a sixth-straight day as a surge in US tech shares and China’s reopening helped investors shrug off mixed data on the American economy. The moves are set to extend the weekly run of gains for the MSCI Asia Pacific Index to five as it heads for the highest close since April. Hong Kong-listed technology stocks were among the regional leaders on Friday, as they have been since around October. A report that Japan and the Netherlands are poised to join the US in limiting China’s access to advanced semiconductor machinery tempered the climb, pulling stocks off their intraday highs. Mainland China remains closed for the Lunar New Year holiday. Investors are also focused on stocks linked to Indian billionaire Gautam Adani, with the companies expected to provide a detailed response to a short seller’s report that they labeled as “bogus.” Shares of Adani Group’s companies plunged, extending a selloff that began when the report was published. Flagship firm Adani Enterprises Ltd. dropped as much as 10%, while Adani Green Energy Ltd. and Adani Total Gas Ltd. tumbled 20%. The group’s rout pushed India’s NSE Nifty 50 Index to slide more than 1%, on course for the lowest since October. The yen rose after Tokyo inflation exceeded estimates and rose to the highest level since 1981. Quickly rising prices will add pressure on the Bank of Japan to scale back its stimulus after it redoubled its efforts to depress bond yields earlier this month. Japan’s 10-year bond yield climbed 1.5 basis point, to 0.475%, as it edges toward the BOJ’s new ceiling of 0.5%. Asia’s developments followed mixed US economic data Thursday, with gross domestic product rising at a faster-than-forecast pace in the December quarter, but accompanied by signs of slowing underlying demand as rate hikes crimp growth. A surprise drop in initial jobless claims also pointed to resilience in the labor market. The S&P 500 managed to close at the highest level in more than a month on Thursday, reflecting the jump in tech stocks. The Nasdaq 100 rose 2% to the highest level since September, led by an 11% gain for Tesla Inc. as Elon Musk teased potential for the carmaker to produce 2 million vehicles this year. US futures went a different direction during Asian trading, in part reflecting Intel Corp. late in the day giving of the gloomiest quarterly forecasts in its history after a personal-computer slump ravaged its business. Intel tumbled in late trading. oil rose on the back of optimism over Chinese demand. Gold slid. US After Hours INTC -9.4%, KLAC -5.5%, RHI -4.8% lower on earnings; HAS -7.5% guides Q4 below consensus, to cut jobs; V +1.4% higher on earnings; NOG +7.3% to join S&P SmallCap 600.
Nikkei +0,07% Hang Seng +0,28% CSI +0,61% Shanghai +0,76% Shenzen +0,65%
Eur$ 1,0868 CNH 6,7619 CNY 6,7927 JPY 130,17 GBP 1,2367 CHF 0,9224 RUB 69,4812 TRY 18,8085 WTI$ 81,31 Gold 1,924 BTC 23,000 ETH 1,582
S&P -0,39% Nasdaq -0,72% EuroStoxx +0,21% FTSE +0,08% Dax +0,19% SMI +0,14%
Macro :
- IMF Weighs Ukraine Aid Package Worth as Much as $16 Billion
- EU Considers Capping Russian Fuel Prices at $100 a Barrel
Keep an eye on :
Keep an eye on :
- ACX SM : Acerinox to Invest $244m in US Stainless Steel Factory
- ADYEN NA : Stripe Revenue Growth Fell in 2022, Was Unprofitable:Information
- AIR FP : Airbus Says Intends to Create 7,000 New Positions in ‘23
- AMUN FP : Kasikornbank to Sell 49% of Fund Unit to Amundi: Kao Hoon
- BBBY US : Bed Bath & Beyond Inches Closer to a Bankruptcy Filing
- BORR NO : Borr Drilling Announces Letter of Award With Est. $30.4M Value
- MT NA : Boston Metal Reports $120M Financing Led by ArcelorMittal
- ARGX BB : Argenx Says FDA Extends Review of SC Efgartigimod BLA
- AZN LN : AstraZeneca to Work With FDA to Collect Data on Evusheld
- BHG SS : BHG Group 4Q Sales Misses Estimates
- BNP FP : BNP, Credit Agricole to Bid for SocGen’s ALD Assets: Les Echos
- CLAB SS : Cloetta 4Q Operating Profit Beats Estimates
- ACA FP : BNP, Credit Agricole to Bid for SocGen’s ALD Assets: Les Echos
- CTT PL : Portuguese Mail Company CTT to Increase Prices From March 1
- BN FP : Danone Puts Lagging US Brands Including Wallaby Up for Sale
- EDP PL : EDP Says 2022 Power Output Rose 3%, to Post Impairment on Pecem
- SFER IM : Ferragamo's 4Q Comes Up Short, Adds to Case for Overhaul: React
- HAL NA : HAL FY Dividend per Share EU5 Vs. EU5.70 Y/y
- HSBA LN : HSBC Shares Become Most Overbought Since 1986 After 50% Rally
- INTC US : Intel Tumbles After Forecast Suggests Its Comeback Is Far Off
- IPN FP : Ipsen Gets Negative CHMP Opinion for Palovarotene Treatment
- DEC FP : JCDecaux 4Q Adjusted Revenue Beats Estimates
- KOMN SW : Komax Sees Building Sale Contributing ~CHF11M to 2023 Ebit
- MC FP : LVMH’s Fashion & Leather Unit Drives ‘Excellent’ 4Q Results
- MC FP : LVMH’s Fashion & Leather Unit Drives ‘Excellent’ 4Q Results
- MAT US : Mattel Falls After Hasbro’s Preliminary Profit, Sales Disappoint
- NSKOG NO : Norske Skog 4Q Ebitda Beats Estimates
- OX2 SS : OX2 to Develop 1,400 MW Offshore Wind Farm Off Finland
- PTNR IT : Partner Communications to Delist From Nasdaq, Focus on Tel Aviv
- PHIA NA : Philips to Cut More Than 1,000 Jobs in the Netherlands: ED
- RCO FP : Remy Cointreau 3Q Organic Revenue Beats Estimates
- RNO FP : Renault-Nissan Landmark Deal Emerges With Joint Projects
- RNO FP : Renault Offers Workers 7.5% Salary Budget Increase in 2023: Rtrs
- SAN FP : Sanofi’s Dupixent Recommended for Expanded Use in EU
- SCR FP : Scor’s Thierry Léger Appointment Suggests All Is Not Well: React
- ENG SM : Axpo Sells Its 5% Share in Trans Adriatic Pipeline for €210M
- LIGHT NA : Signify 4Q Comparable Sales Misses Estimates
- GLE FP : BNP, Credit Agricole to Bid for SocGen’s ALD Assets: Les Echos
- SSABA SS : SSAB 4Q Adjusted Operating Profit Misses Estimates
- SREN SW : Swiss Re Chief Underwriting Officer Thierry Leger to Step Down
- TRELB SS : Trelleborg 4Q Net Sales Beats Estimates
- TUI1 GY : TUI Is Said to Pick Banks for Rights Offering to Repay Bailout
- UTDI GY : United Internet, Warburg to Seek Up to €500 Million in Ionos IPO
- V US : Visa 1Q Adjusted EPS Beats Estimates
- WDP BB : WDP 2023 Dividend per Share Forecast Beats Estimates
- ZURN SW : Zurich Airport Names Lukas Brosi as New CEO