Asian shares dropped following declines on Wall Street as investors contended with disappointing results from tech giants. The yen swung between gains and losses after the Bank of Japan kept monetary policy unchanged.
A gauge of Asian equities slid, weighed down by Hong Kong-listed technology stocks. Shares of miners and steelmakers in the region declined amid weakness in iron ore prices and a downbeat outlook for the sector. Japan’s benchmark 10-year bond yield edged further below the 0.25% upper limit of the BOJ’s target range after the central bank maintained its ultra-low interest rates and projected inflation will cool below 2% next year. Traders are awaiting Governor Haruhiko Kuroda’s post-decision briefing later Friday. US equity futures fell following Amazon.com Inc.’s plunge after hours as its sales forecast trailed estimates. Shares of Apple Inc. rose slightly in postmarket trading following a volatile afternoon. Chinese assets also remained in focus, with foreign investors dumping a record amount of mainland China stocks this week and sending Hong Kong equities to a 13-year low. President Xi Jinping’s tightening grip on power hasn’t had the same impact domestically, with mainland investors hunting for bargains in Hong Kong. Bond yields fell in Australia and New Zealand while Treasury yields held most of their recent drop, with the 10-year remaining well below 4%. Gross domestic product data showed that the US economy rebounded after two quarterly contractions, but also highlighted that consumer spending remains under pressure because of inflation.
Elon Musk completed his $44 billion acquisition of Twitter Inc., according to people familiar with the matter. Holders will be paid $54.20 per share and the social network will now operate as a private company. Economists still expect the Fed to hike by three-quarters of a percentage point for the fourth time in a row when it meets next week. But with recent data highlighting the effects of sharp rate hikes on the economy, investors expect the FOMC to slow the pace of tightening after November’s meeting. oil headed for a weekly gain, supported by tightness in petroleum product markets, robust US exports, and a weakening dollar. Gold was set for its second weekly climb and Bitcoin traded above $20,000. US After Hours AMZN -12.3% falls on earnings; EW -11.1%, DECK -4.7%, FSLR -4.5% also lower; INTC +5.9%, DXCM +10.6%, PINS +9.6%, AAPL +1.1% higher on earnings
Nikkei -0.74% Hang Seng -2.80% CSI -1.64% Shanghai -1.34% Shenzen -2.37%
Eur$ 0.9978 CNH 7.2464 CNY 7.2333 JPY 146.37 GBP 1.1560 CHF 0.9907 RUB 61.5222 TRY 18.6063 WTI$ 88.01 -1.20% Gold 1,661.2 -0.12% BTC 20,241 -0.77% ETH 1,508.90 -1.24%
S&P -0.72% Nasdaq -1.06% EuroStoxx -0.97% FTSE -0.82% Dax -0.97% SMI -0.59%
Macro :
- French Growth Slows as Europe Frets Over Recession: GDP Update
- China Stocks In Worst Ever Post-Congress Rout as Gloom Persists
Keep an eye on :
- AFRY SS : AFRY AB 3Q Operating Profit SEK265M Vs. SEK326M Y/y
- AIR FP : Airbus Boosts FY Adjusted Free Cash Flow Forecast
- AF FP : Air France-KLM 3Q Ebitda Beats Estimates
- ALM SM : EMA Accepts Filing for Marketing Authorization of Almirall Drug
- AMUN FP : Amundi 3Q Net Outflows EU12.9B, Est. Outflows EU633.4M
- ARJOB SS : Arjo 3Q Adjusted Ebitda Misses Estimates
- ASRL NA : ASR Nederland to Sell Up to 13.8m New Shares: Terms
- BFIT NA : Basic-Fit Sees FY Underlying Ebitda EU200M to EU205M
- BBVA SM : BBVA 3Q Net Income Beats Estimates
- BB FP : BIC Boosts FY Net Sales Ex-FX Forecast
- IAG LN : IAG 3Q Revenue Beats Estimates
- BRNL NA : Brunel 3Q Ebit EU17.4M Vs. EU13.6M Y/y
- CABK SM : CaixaBank 3Q Net Income Beats Estimates
- COFA FP : Coface 9M Net Income EU228.4M Vs. EU190.9M Y/y
- COP GY : CompuGroup Cuts FY Adjusted EPS Forecast
- BN FP : Danone Sales Growth Beats, Yet Challenges Lie Ahead: Street Wrap
- DTE GY : T-Mobile Tops Profit, Subscriber Estimates and Raises Forecast
- EDF FP : EDF’s Board Issues a Positive Opinion on French State Tender
- EDP PL : EDP 9M Net EU518M Vs EU510M as Renewable Unit Grows
- EKTAB SS : Elekta Esprit Gets FDA 510(K) Clearance
- ENI IM : Eni Board Approves Possible Issue of Bonds Up To EU2b
- ENI IM : Eni 3Q Adjusted Net Beats Estimates
- EQNR NO : Equinor 3Q Adjusted Net Beats Estimates, Boosts Extra Dividend
- FER SM : Ferrovial 9M Revenue EU5.45B Vs. EU4.93B Y/y
- FDR SM : Fluidra 9M Net Income EU179.4M Vs. EU221.4M Y/y
- FPE GY : Fuchs Petrolub Sees FY Revenue Above EU3.3B, Est. EU3.27B
- FUR NA : Fugro 3Q Adjusted Ebitda Beats Estimates
- GTT FP : GTT 9M Revenue EU222.0M Vs. EU240.0M Y/y
- HOLN SW : Holcim to Start Share Buyback Program of Up to 2 Billion Francs
- IDR SM : Spain’s Big Plans for Defense Face Key Test as Indra Names Board
- INDT SS : Indutrade 3Q Profit After Tax Beats Estimates
- INW IM : INWIT 3Q Revenue Meets Estimates
- IPS FP : Ipsos Now Sees FY Organic Growth Closer to 6% Than 5%
- ISS DC : ISS Agrees to Buy Livit FM to Expand in Switzerland Real Estate
- KOMN SW : Komax Raises Forecast for FY Revenue
- KORI FP : Korian 3Q Revenue EU1.13B Vs. EU1.08B Y/y, *KORIAN SEES FY EBITDA MARGIN ABOUT 13.7%
- KOG NO : Kongsberg 3Q Ebitda Beats Estimates
- LOOMIS SS : Loomis to Continue Share Buyback of Up To SEK200M
- MBG GY : Mercedes-Benz to Expand China Recall by Another 11,423 Cars
- MONT BB ; Montea Boosts FY Adjusted EPS Forecast, Beats Estimates
- MOR GY : MorphoSys Says Encouraging Prelim Phase 1/2 Tulmimetostat Study
- TYRES FH : Nokian Tyres Raises Net Sales Guidance for 2022
- OMV AV : OMV 3Q Clean CCS Net Income Beats Est., Plans Special Dividend
- ORP FP : Investors Team Up to Buy 5.5% Stake in Orpea, Oppose Debt Swap
- PHM SM : Pharma Mar 9M Net Income EU43.4M Vs. EU54.7M Y/y
- PHARM NA : EMA Validates Marketing Authorization for Pharming’s Leniolisib
- P911 GY : Porsche Profit Soars on Rising Sales of Its Most Profitable Cars
- PSM GY : ProSieben FY Revenue Forecast Misses Estimates
- REC BB : Recticel 3Q Sales EU153.5M Vs. EU107.6M Y/y
- RENEW SS : Re:NewCell Offers SEK150 Million Worth of Shares
- SAABB SS : Saab 3Q Sales Meets Estimates
- SAF FP : Safran 3Q Adjusted Revenue Beats Estimates
- SGO FP : Saint-Gobain Energy, Raw Material Costs Jump by €3 Billion
- SAN FP : Sanofi Lifts Profit Forecast on Demand for Asthma Drug, Flu Shot
- SIGN SW : SIG Group 3Q Revenue Beats Estimates
- LIGHT NA : Signify Cuts FY Comparable Sales Forecast
- WAF GY : Siltronic Boosts FY Sales Forecast
- S30 FP : Solutions 30 3Q Revenue EU212.4M
- SOP FP : Sopra Steria Sees FY Organic Revenue +7%, Saw +5% to +6%
- SWMA SS : Swedish Match Board Recommends Holders Accept Revised Offer
- SREN SW : Swiss Re Posts Loss on Hurricane Ian, Likely to Miss Targets
- TEP FP : Teleperformance Buys PSG Global Solutions for $300M Ent. Value
- TSLA US : SEC, DOJ Probe Tesla Over Statements About Autopilot Functionality -- WSJ
- UBI FP : Ubisoft 2Q Net Bookings Beats Estimates
- UBSG SW : Citi Hires Kaiser From UBS to Lead US Equity Trading Strategy
- UMG NA : Universal Music Solid, Catalysts Into End of Year: Street Wrap
- FR FP : Valeo 3Q Revenue Beats Estimates
- VWS DC : Vestas, Peers Stung by Commodity Headwinds, 3Q Supply-Chain Woes
- VOW GY : VW 3Q Adj Oper Profit Misses Estimates; Cuts FY Deliveries View
- VOW GY : VW Misses Expectations on Cost Pressures, Russia Charges
- VOW GY : Volkswagen to Work with Mobileye on Automated Driving: Reuters
- MF FP : Wendel 3Q Sales EU2.29B Vs. EU1.89B Y/y