Chinese equities fluctuated, weighing on gains in Asia, while Nvidia Corp. slid in US after-hours trading on a report that the Biden administration was considering further curbs on exports of powerful chips used to train artificial intelligence. The Australian dollar slumped as soft inflation data damped rate-hike bets. The broader picture in stocks was mixed, with a gauge of Asian shares up 0.5%. Rallies in Japan and Australia contrasted with small-but-choppy moves in Hong Kong and a modest decline in Shanghai’s benchmark. Futures for European shares rose while contracts for the S&P 500 and Nasdaq 100 retreated. Tech megacaps had earlier led a rebound in US equities after data showed strength in US consumer confidence and home sales. Tesla Inc. rallied after a 6% plunge, Snowflake Inc. jumped on an artificial intelligence-related partnership with Nvidia Corp. and Facebook’s parent Meta Platforms Inc. gained as Citigroup Inc. lifted its target. Yet the data showing economic resilience also underscored the likelihood that the Federal Reserve has further to go in tightening monetary policy. That pushed Treasury yields higher Tuesday. They steadied in Asia trading Wednesday. Yield premiums on Asia ex-Japan’s investment-grade dollar notes were headed for a second day of declines as the surprisingly strong US economic data eased investor concerns about recession. The longer-term market impact of more US curbs on technology sales to China was unclear. Later Wednesday, the focus will turn back to a gathering in Portugal and a panel discussion featuring the chiefs of the Fed, the European Central Bank, the Bank of Japan and the Bank of England. US After Hours AVAV +5.7% higher on earnings; SPR +1.7% higher on labor deal with union; JEF -1.3% lower on earnings.
Nikkei +1.83% Hang Seng -0.12% CSI -0.25% Shanghai -0.18% Shenzen -0.62%
Eur$ 1.0948 CNH 7.2353 CNY 7.2285 JPY 144.01 GBP 1.2726 CHF 0.8945 RUB 85.3017 TRY 26.0395 WTI$ 67.90 +0.30% Gold 1,915 +0.07% BTC 30,475 -0.59% ETH 1,867 -1.37%
S&P -0.15% Nasdaq -0.30% EuroStoxx +0.49% FTSE +0.28% Dax +0.41% SMI +1%
Macro :
- EU Should Sanction Russian LNG Imports, Bruegel Recommends
- HBSC, BlackRock Bitcoin Foray May Spur $50 Billion HK ETF Market
Keep an eye on :
Keep an eye on :
- AIBG ID : Ireland Offers 132m Shares in AIB Group in Placing: Terms
- AKE FP : Arkema to Buy Glenwood’s 54% Stake in PIAM for €728M Ent. Value
- ATD CN : Couche-Tard 4Q Adjusted EPS Beats Estimates
- BAYN GY : Regeneron Halted While FDA Decision on High-Dose Eylea Pends
- BBVA SM : Diffused Spanish Housing Market Diverges From UK's Mortgage Mess
- BNP FP : BNP Reaches Accord With Orange on Its Online Bank: Les Echos
- CSGN SW : UBS Preparing to Cut More Than Half of Credit Suisse Workforce
- DBH GY : I Squared Said to Be Frontrunner for Deutsche Bahn’s Arriva Unit
- DBH GY : I Squared Said to Be Frontrunner for Deutsche Bahn’s Arriva Unit
- DSMA NA : DSM-Firmenich Sees FY Pro Forma Adj. Ebitda €1.8B to €1.9B
- ENI IM : ENI CEO, Cyprus President Discussed Co.’s Role in the Country
- ENI IM : ENI CEO, Cyprus President Discussed Co.’s Role in the Country
- ENI IM : Eni to Conduct Exploration Drill in Cyprus by End-2023: CEO
- GMAB DC : Genmab, AbbVie Report Positive Phase 1/2 Trial Topline Results
- GSK LN : GSK Eyes Quick Review of Gonorrhea Shot as Cases Multiply
- IVG IM : Iveco Group Says CFO Francesco Tanzi to Leave
- NVDA US : Nvidia Leads Selloff After Report of More US AI Chip Curbs
- NCCB SS : NCC Gets Renovation Order from Upplands-Brohus
- NOVOB DC : Lilly Weight-Loss Data Steal the Show; Raise Bar for Novo
- ORP FP : Suspension of Trading in Shares and Bonds Issued by ORPEA S.A., in Connection With Today's Meetings of the Class
- RIO LN : Rio Tinto to Build Batteries in Melbourne to Test Green Tech
- ROG SW : Regeneron Sinks as High-Dose Eylea Fails to Win FDA Approval
- SNOW US : Snowflake Cautious With $10 Billion Target Despite Gen AI Upside
- TC1 GY : Tele Columbus Creditors Hire Advisor Ahead of Debt Refinancing
- TSLA US : Volvo to Add Tesla EV Charging Ports, Joining Industry Shift
- VOW GY : Valor: Volkswagen suspends car production in Brazil due to market stagnation