Stocks in Asia wavered as traders digested Donald Trump’s latest cabinet appointments, a day after his tariff threats roiled emerging markets. The MSCI Asia Pacific Index was little changed, with equities falling in Japan while those in Hong Kong and China gained. A Bloomberg gauge of the dollar slipped 0.1% to pare some of its strength in the previous session. The yen gained. The president elect’s tariffs agenda seemed to gather further momentum on Wednesday, as Trump named Jamieson Greer as the US Trade Representative and Kevin Hassett to direct the National Economic Council. Greer was intimately involved in Trump’s first-term trade policy decisions. A slew of data from the US due later on inflation and economic growth may provide clues to the Federal Reserve’s next policy move. New Zealand lowered the official cash rate by 50 basis points. The local dollar advanced as traders parsed the central bank’s rate projections and governor’s comments. The yen strengthened as much as 0.5% against the dollar. US 10-year yields ticked lower after gaining three basis points to 4.31% in the previous session. Fed officials indicated support for a careful approach to rate cuts, according to minutes from their latest policy meeting. Back in Asia, China is in focus as the government has approved a bond quota totaling 500 billion yuan ($69 billion) that will allow two state-owned asset managers to issue notes to fund investments in projects aimed at boosting economic growth. In corporate news, Vitasoy International Holdings Ltd. shares surged the most since its listing after one of its shareholders raised stake in the soy food producer. Sanrio Co. tumbled the most in a decade after the brand owner of Hello Kitty said holders including its president will sell shares. Middle East tensions abated somewhat as President Joe Biden said Israel reached a cease-fire deal with the Lebanese militant group Hezbollah after weeks of talks mediated by the US. In commodities, oil steadied as signs OPEC+ will once again delay restoring some output countered easing geopolitical risk. US After Hours DELL -10.9%, WDAY -10.8%, ADSK -9.1%, HPQ -7.9%, CRWD -3.7% lower on earnings; AMBA +18.2%, URBN +6.5% higher on earnings.
Nikkei -0.50% Hang Seng +1.42% CSI +1,52% Shanghai +1.31% Shenzen +1.78%
Eur$ 1.0479 CNH 7.2658 CNY 7.2573 JPY 152.29 GBP 1.2572 CHF 1.1291 RUB 105.3352 TRY 34.6571 WTI$ 68.79 Gold 2639 BTC 92,450 ETH 3390
S&P -0.01% Nasdaq -0.08% EuroStoxx -0.15% FTSE +0.06% Dax +0.01% SMI +0.08
Macro :
- Goldman Sees ‘Significant’ Hit to US from Trump’s Canada Tariffs
- Fed Minutes Show Officials Prefer Future Rate Cuts to Be Gradual
Keep an eye on :
Keep an eye on :
- AF FP : Air Europa in Talks to Sell 20% to Air France-KLM: El Economista
- AMBA US : Ambarella 4Q Revenue Forecast Beats Estimates
- AAL LN : Anglo American to Sell 6.6% of Amplats Ahead of Spinoff
- AAPL US : Apple Misses Out on Big 2024 Smartphone Market Rebound, IDC Says
- ANIM IM : Banco BPM Files Offer Doc on Anima With Italy Market Regulator
- ARAMI FP : Aramis 2024 Net Income €5 Million vs 2023 Loss of €32.3 Million
- AT1 GY : Aroundtown 9M Net Rental Income EU882.8M Vs. EU894.5M Y/y (1)
- AML LN : Aston Martin FY Adjusted Ebitda Forecast Misses Estimates
- AML LN : Aston Martin to Raise More Cash After Another Profit Warning
- BAMI IM : Banco BPM Files Offer Doc on Anima With Italy Market Regulator
- CAST SS : Kungsleden Gets Holder Consent for March 2028 Notes
- DELL US : Dell Reports Sales That Miss Estimates on Setback for PC Market
- DOLCE & GAB : Dolce & Gabbana in Talks With Lenders Over €400m Debt: Sole
- EZJ LN : EasyJet FY Revenue Meets Estimates
- EKTAB SS : Elekta 2Q Net Sales Misses Estimates
- FNAC FP : Fnac Darty Gets European Commission Approval to Buy Unieuro
- GALP PL : Galp Drops Plan to Build Lithium-Conversion Project in Portugal
- GES US : Guess Drops After 3Q Revenue Miss, FY Adj. EPS Forecast Cut
- GSF NO : Grieg Seafood 2025 Harvest Forecast Beats Estimates
- HAL NA : HAL 3Q Net Asset Value per Share EU165.95 Vs. EU160.17 Q/Q
- HPQ US : HP Inc 1Q Adjusted EPS Forecast Misses Estimates: Snapshot
- IDIA SW : Idorsia in Exclusive Talks for Aprocitentan, May Cut ~270 Jobs
- LBIRD FP : Lumibird Founder Mulls Taking Company Private: L’Informe,
- LBIRD FP : Lumibird Exploring Potential Sale of Medical Unit
- NEON FP : Neoen Cuts 2024 Adjusted Ebitda Target to €475M-€490M
- NHY NO : Hydro Phasing Out Battery, Havrand Units, Starts Improvements
- NOVN SW : Novartis’ Swiss Country Chief to Leave, NZZ Reports
- 3382 JP : Seven & i Shares Rise on Report of KKR Interest in Supermarkets
- SHLF NO : Shelf Drilling CEO Greg O’Brien Buys Shares for NOK2.23m
- 9984 JP : OpenAI Staff May Sell ~$1.5b Worth of Shares to SoftBank: CNBC
- STLA IM : Stellantis Plans to Close UK Van Factory Over EV Mandate
- STORB SS : Storskogen Targets Adjusted Ebita Growth of 15% in 2025-2027
- TEP FP : Teleperformance to Buy ZP Better Together for $490 Million
- TSLA US : SpaceX Gets Conditional Approval for Starlink Cell Coverage
- TTE FP : Total Pauses New York Offshore Wind Farm Plans After Trump Win
- TTE FP : Total Pauses New York Offshore Wind Farm Plans After Trump Win
- UCG IM : UniCredit CEO Called Bank of Italy Chief Prior to Bid: Corriere