Stocks rose in Asia on Thursday and the dollarfell as the prospect of a slower pace of Federal Reserve monetary tightening filtered across global markets. An Asian share gauge added just under 1%, but the gains were smaller than Wednesday’s 2.6% surge in the S&P 500 and 4.3% jump in the Nasdaq 100. A dip in futures suggested the US rally may cool. The Fed raised rates by 75 basis points for a second month, said such a move is possible again and reiterated its desire to fight inflation. Chair Jerome Powell added the pace of hikes will slow at some point and policy will be set meeting-by-meeting. That shift comes amid signs of an economic slowdown. Treasuries were little changed, with the 10-year yield at 2.78%. Swaps tied to the date of Fed policy meetings imply a 3.3% peak for the fed funds rate around year-end -- not much higher than the current range of 2.25% to 2.5%. The yen strengthened about 1% against the dollar in the fallout from the Fed decision. Oil advanced toward $99 a barrel. Goldand Bitcoin edged up. Traders are awaiting a phone call between President Joe Biden and China’s Xi Jinping, which could touch on US tariffs and other points of tension. US After Hours PI +11.3%, ETSY +8.1%, F +6.8%, NTGR +6.8% higher on earnings; solar stocks jump on Sen Mancin reaching energy deal; COUR -28%, TDOC -21.9%, COLM -9.2%, NOW -7.2%, META -4.4% QCOM -3% fall on earnings; BBY -2.7% falls on weak comp guidance
Nikkei +0,19% Hang Seng -0,56% CSI +0,59% Shanghai +0,57% Shenzen+0,79%
Eur$ 1,0206 CNY 6,7473 CNH 6,7466 JPY 135,46 GBP 1,2163 RUB 60,9271 TRY 17,8672 WTI$98,28 +1,10% Gold 1,736,27 +1,16% BTC 23,100 +1,5% ETH 1,638 +2%
S&P -0,20% Nasdaq -0,40% EuroStoxx +0,61% FTSE +0,21% Dax+0,41% SMI
Macro :
- Bitcoin Tops $23,000 in Bet on Post-Fed Thawing of Crypto Winter
- Fed Hikes by 75 Basis Points as Powell Sees No US Recession Now
- Gundlach Tells CNBC Fed Chair Powell Has Regained Credibility
Keep an eye on :
- ABI BB : AB InBev 2Q Adjusted Ebitda Beats Estimates
- ACAQ US : German Electric Carmaker e.Go Is Said to List Via Athena SPAC
- AED BB : Aedifica to Spend £12.5m on Care Home Project for Sandstone Care
- AIR FP : Airbus Delays A320 Increase as Supply Chains Take a Bite: React
- AIXA GY : Aixtron 2Q Ebit Beats Estimates
- ARCAD NA : Arcadis 2Q Organic Revenue +8.1% (1)
- MT NA : ArcelorMittal Makes Brazil Purchase After Posting Healthy Profit
- ARGX BB : Argenx 1H Operating Income $116.7M
- ATE FP : Alten 1H Revenue EU1.83B Vs. EU1.40B Y/y
- AMUN FP : Amundi Bolsters China Expansion With New Mutual Fund Plan
- BA/ LN : BAE Systems Gets $299M Contract From US Army
- BCP PL : BCP 1H Net Rises to EU74.5m Vs. EU12.3m on Portugal Unit
- BDT GY : Bertrandt Raises FY Total Rev. Forecast to ~EU990M-EU1.02B
- BOKA NA : HAL Receives All Clearances for Boskalis Offer
- BUCN SW : Bucher 1H Orders Beats Estimates
- CARM FP : Carmila 1H Net Rental Income EU172.2M Vs. EU127.9M Y/y
- CA FP : Carrefour 2Q Sales Beats Estimates
- CLNX SM : Cellnex 1H Adjusted Ebitda EU1.28B Vs. EU804M Y/y
- CO FP : Ardian Said to Win Sale Process for Casino Unit GreenYellow
- CO FP : Casino Has Signed EU4b Worth of Asset Sales: CFO
- CLN SW : Clariant 1H Adjusted Ebitda Meets Estimates
- COPN SW : Cosmo 1H Cash and Cash Equivalents EU218.0M
- COTN SW : Comet FY Sales Forecast Beats Estimates
- DRW3 GY : Draegerwerk 2Q Ebit Loss EU76.6M Vs. Profit EU80.3M Y/y
- ELIS FP : Elis Boosts FY Organic Revenue Forecast
- ELE SM : Endesa 1H Net Income Beats Estimates
- ENI IM : Italy Can Withstand Stop of Russian Gas Without Drastic Measures
- ERA FP : Eramet FY Ebitda Forecast Misses Estimates (1)
- FNAC FP : Fnac Darty 1H Revenue Meets Estimates
- GAM SW : Swiss Money Manager GAM Is Said to Again Revive Sale Plans
- HEI GY : HeidelbergCement 2Q Oper Ebitda Meets Estimates
- IFCN SW : Inficon Narrows FY Sales Forecast
- IPN FP : Ipsen Boosts FY Core Op. Margin Forecast
- IVG IM : Iveco 2Q Consolidated Revenue EU3.37B Vs. EU3.32B Y/y
- KARN SW : Kardex 1H Ebit Misses Estimates
- KER FP : Kering 2Q Gucci Revenue on a Comparable Basis Misses Estimates
- KGX GY : Kion 2Q Adjusted Ebit Misses Estimates
- KBX GY : Knorr-Bremse Narrows FY Revenue Forecast
- LEHN SW : Lem 1Q Ebit CHF19.5M Vs. CHF21.2M Y/y
- MERY FP : Mercialys Maintains FY FFO Growth Forecast
- MONC IM : Moncler 1H Revenue Beats Estimates
- MUV2 GY : Everest Re 2Q Operating EPS Beats Estimates
- NEM GY : Nemetschek 2Q Ebitda EU68.6M Vs. EU56.3M Y/y
- NESN SW : Nestle Sees FY Organic Revenue +7% to +8%, Saw About +5%
- NXI FP : Nexity 1H Revenue EU1.96B Vs. EU2.28B Y/y
- ORA FP : Orange 2Q Ebitda After Leases Misses Estimates
- PST IM : Poste Italiane 1H Revenue Meets Estimates
- RXL FP : Rexel Maintains FY Adjusted Ebita Margin Forecast
- CFR SW : Farfetch Jumps as Betaville Says Richemont May Be Interested
- SAF FP : Safran FY Free Cash Flow Forecast Beats Estimates
- SGO FP : Saint-Gobain Retools Factories to Operate Without Russian Gas
- SCHW US : *SCHWAB AUTHORIZES $15B STOCK BUYBACK; BOOST DIV 10%
- SCR FP : Scor 1H Net Loss EU239M Vs. Profit EU380M Y/y
- S30 FP : Solutions 30 1H Revenue EU444.4M Vs. EU441.2M Y/y
- SOLB BB : Solvay Sees FY Organic Adjusted Ebitda +14% to +18%
- STM FP : STMicroelectronics Boosts FY Net Revenue View, Beats Est. (1)
- TE FP : TechnipFMC 2Q Adj EPS Cont Ops Misses Estimates, TechnipFMC Announces $400m Share Buyback
- TEP FP : Teleperformance 1H Adjusted Ebita Beats Estimates
- TEF SM : *TELEFONICA 2Q OIBDA EU3.15B, EST. EU3.06B
- TFI FP : TF1 2Q Current Operating Income EU129.1M Vs. EU112.3M Y/y
- UCB BB : UCB 1H Core EPS Beats Estimates
- UMG NA : UMG 2Q Adjusted Ebitda EU507M Vs. EU429M Y/y
- VRLA FP : Verallia FY Adjusted Ebitda Forecast Beats Estimates
- VCT FP : Vicat 1H Sales EU1.76B Vs. EU1.56B Y/y
- VONN SW : Vontobel Assets Under Management CHF208.6B
- VOW GY : Ford 2Q Adjusted EPS Beats Estimates: Snapshot
- VOW GY : Apple Nabs Key Lamborghini Executive to Work on Its Electric Car
- WCH GY : Wacker Chemie Boosts FY Ebitda Forecast