U.S. equity futures and Asian stocks rose Thursday amid steadier sentiment following a surge in Facebook parent Meta Platforms Inc. and as investors digested official pledges of economic support in China. Contracts for the Nasdaq 100 climbed over 1%, while Japan and Hong Kong led an Asia-Pacific share index higher, after Wall Street stocks eked out a gain. Meta jumped 18% in extended trading. Facebook’s main social network added more users than projected, brightening the mood toward megacap U.S. tech firms and bolstering the biggest ETF that tracks the Nasdaq 100.
Meanwhile, the yen slid toward the closely watched level of 130 per dollar after the Bank of Japan doubled down on dovish policy, saying it would carry out fixed-rate bond buying every business day to defend its 10-year yield target.
The currency’s drop spurred some foreign-exchange market volatility: the offshore yuan retreated and a dollar gauge extended an advance. Treasuries were little changed as investors calibrated risks from the prospect of aggressive Federal Reserve monetary tightening to tackle high inflation. Volatility remains the watchword in markets, stoked by China’s struggle to suppress Covid, Russia’s war in Ukraine and worries that Fed tightening may tip the world’s largest economy into a recession. There are lingering hopes that robust U.S. corporate earnings could improve the mood. In China, officials have stepped up pledges of economic assistance amid Covid lockdowns. The latest move was a vow to stabilize employment, following President Xi Jinping’s pledge for more infrastructure spending. The virus outbreak in Shanghai continued to show signs of moderating. Oil dropped toward $100 a barrel, goldretreated and Bitcoin struggled to break above $40,000.
Nikkei +1.60% Hang Seng 0.35% CSI -0.52% Shanghai -0.69% Shenzen -1.86%
Eur$ 1.0504 CNH 6.6455 CNY 6.6034 JPY 129.87 GBP 1.2506 CHF 0.9719 RUB 73.5379 TRY 14.8235 WTI$ 100.63 -1.36% Gold 1,876.31 -0.51% BTC 39,370 +0.67% ETH 2,885 +0.68%
S&P +0.90% Nasdaq +1.42% EuroStoxx +0.96% FTSE +0.32% Dax +0.87% SMI
Macro :
- ECB’s Lagarde: ‘Unwavering Commitment’ to Deliver Inflation Goal
- EU Tells Companies Not to Bend to Russian Gas Demands
Keep ana eye on :
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- ADJ GY : Adler Closes at Record Low As Investors Digest KPMG Findings
- AIR FP : Boeing Rout Risks Sending Market Cap Below Airbus for First Time
- ATSPU US (Spac) : SPAC Bringing SoundHound Public Slumps 18% Ahead of Debut
- AKERBP NO : Aker BP 1Q Net Income Beats Estimates
- ABIO FP : KKR Said to Near Deal for French Renewable Energy Firm Albioma
- BABA US : China’s Hangzhou, Home to Alibaba, to Start Mass Covid Testing
- ALV GY : Allianz Says Structured Alpha Proceedings With U.S. Are Ongoing
- ATE FP : Alten 1Q Revenue Beats Estimates
- ATEA NO : Atea 1Q Ebit Misses Estimates
- BAR BB : Barco Sets Issue Price Stock Dividend at EU19.60
- BEI GY : Beiersdorf Sees FY Tesa’s Op. Ebit Margin ‘Noticeably Down’
- BETSB SS : Betsson 1Q Revenue SEK170.2M Vs. SEK157.4M Y/y
- BYND US : McDonald’s Disputes Report on McPlant Burger Expansion
- BOL SS : Boliden 1Q Adjusted Operating Profit Beats Estimates
- BUCN SW : Bucher 1Q Sales CHF830M Vs. CHF733M Y/y
- CAP FP : Capgemini 1Q Revenue Beats Estimates
- CAPMAN FH : CapMan 1Q EPS Beats Estimates
- CAV1V FH : Caverion 1Q Adjusted Ebitda Misses Estimates
- CLNX SM : Cellnex 1Q Adjusted Ebitda Meets Estimates
- COFB BB : Cofinimmo Buys Six Healthcare Properties in Finland for ~EU21m
- CVNA US : Carvana Revamps $3.3 Billion Junk Bond in Effort to Lure Buyers, Apollo to Purchase $1.6 Billion of Carvana Bonds
- CRES IM : Qatar Holding’s Evergreen Bids for Coima RES at EU10/Share
- DHER GY : Delivery Hero 1Q Gross Merchandise Value Meets Estimates
- DIE BB : D’Ieteren Automotive to Increase Sales Above 10% CAGR 2021-25
- DTE GY : *DEUTSCHE TELEKOM OFFERS TO RAISE GERMAN STAFF PAY BY UP TO 4.2%
- DEZ GY : Deutz Prelim 1Q Revenue Beats Estimates
- DNB NO : DNB Bank 1Q Net Income Beats Estimates
- DRW3 GY : Draegerwerk 1Q Ebit Loss EU35.1M Vs. Profit EU128.9M Y/y
- ENI IM : Eni Prepares to Open Ruble Accounts for Gas as EU Warns Firms
- ERA FP : Eramet Sees FY Ebitda Above EU1.50B, Saw About EU1.2B
- EUCAR FP : Hertz Profit Rises on Leisure Demand as Corporate Travel Lags
- EVO SS : Evolution 1Q Ebitda EU229.7M Vs. EU160.1M Y/y
- EPR NO : Europris 1Q Ebitda Beats Estimates
- FIE GY : Fielmann 1Q Sales Misses Estimates
- GOG LN : Go-Ahead hastens renewal of audit contract after Deloitte probe announced
- HFG GY : HelloFresh Steady 1Q Reassures on Its Healthy Growth Goal, HelloFresh Active Customers Beats Estimates
- HOFI SS : Hoist Finance 1Q Pretax Loss SEK155M Vs. Loss SEK108M Y/y
- HOLMB SS : Holmen 1Q Adjusted Operating Profit Beats Estimates
- HOME SM : *NEINOR MULLS SELLING 1,500 APARTMENTS FOR EU400M: EXPANSION
- INWI SS : Inwido 1Q Net Sales Beats Estimates
- KIN BB : Kinepolis 1Q Change in Attendance +1,380.3%
- KGX GY : Kion 1Q Adjusted Ebit Beats Estimates
- LPK GY : LPKF Sees 2Q Revenue EU25M to EU30M
- MAREL IR : Marel to Buy Wenger With Total Investment of $540M
- MIPS SS : Mips 1Q Net Sales Beats Estimates
- NCCB SS : NCC 1Q Net Sales Beats Estimates
- NCCB SS : NCC to Buy Back Up To SEK1.5b Shares, Adjusts Div Policy
- NEM GY : Nemetschek 1Q Ebitda Beats Estimates
- NXI FP : Nexity Sees FY Current Operating Income at Least EU380M
- NOKIA FH : Nokia 1Q Adjusted Operating Profit Beats Estimates
- NDA SS : Nordea Bank Posts Net Income Miss as Russia Exit Completed
- NOVOB DC : Merck, Novo Nordisk Spared From 1,500 Suits Over Diabetes Drug
- NSKOG NO : Norske Skog 1Q Ebitda Beats Estimates
- NOVOB DC : Novo, Arla Seek Permission to Switch From Gas to Oil: Borsen
- OKDBV FH : Oriola 1Q EPS Misses Estimates
- RI FP : Pernod Ricard Sees FY Recurring Ops Profit Org. About +17%
- REC BB : Recticel 1Q Sales EU294.7M Vs. EU206.2M Y/y
- SAB SM : *SABADELL 1Q NET INCOME EU213M, EST. EU151.3M
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- SQZ LN : Serica Holder BP Exploration Operating Offers Up to 13.5m Shares
- SINCH SS : Sinch 1Q Net Sales Beats Estimates
- SRG IM : Snam Names Stefano Venier as CEO, General Manager
- SWTQ SW : Schweiter Technologies Takes 25% Stake in Swedboard
- SOI FP : SOITEC 4Q Revenue Beats Estimates
- STAN LN : Standard Chartered Beats Estimates on Jump in Trading
- STMN SW : Straumann 1Q Revenue Beats Estimates
- SWEDA SS : Swedbank Revenue Edges Past Expectations on Higher Loan Volumes
- SNBN SW : SNB 1Q Loss CHF32.78B
- SRV1V FH : SRV Writes Down Almost All of Assets in Russia, Fennovoima
- STERV FH : Stora Enso 1Q Operating Ebit Beats Estimates
- SCMN SW : Swisscom 1Q Ebitda Beats Estimates
- S30 FP : Solutions 30 FY Adjusted Ebit Misses Estimates
- TKTT FP : Tarkett 1Q Net Sales EU684.7M Vs. EU558.8M Y/y
- TE FP : TechnipFMC 1Q Revenue Misses Estimates
- TNET BB : Telenet 1Q Revenue Meets Estimates
- TEN IM : Tenaris 1Q Net Sales Beats Estimates
- TSLA US : Top Bid for Lithium Up 140% After Musk’s ‘Insane Levels’ Call
- HO FP : Thales 1Q Sales Meets Estimates
- TWTR US : Musk’s Twitter Will Have to Follow EU’s Rules, Official Says
- URW NA : Unibail 1Q Revenue EU734.5M VS. EU539.4M Y/Y
- ULVR LN : Unilever 1Q Underlying Sales Beats Estimates
- UPONOR FH : Uponor 1Q Adjusted Operating Profit Beats Estimates
- VERK FH : Verkkokauppa.com 1Q Net Income Misses Estimates
- VOLVB SS : Volvo Cars 1Q Operating Income Beats Estimates
- VOS GY : Vossloh 1Q Ebit Margin 3.6% Vs. 5.8% Y/y
- VOW GY : manager magazin: Volkswagen: Software problems at Cariad threaten schedule for Trinity, Artemis and Macan https
- WCH GY : Wacker Chemie Boosts FY Sales Forecast
- WRT1V FH : Wartsila 1Q Net Sales Beats Estimates