Asian equities advanced amid cautious optimism that solid post-market US tech earnings are set to spur a rebound on Wall Street. Shares traded higher in Hong Kong, while Australian, Japanese and South Korean stocks were also in the green. Mainland Chinese shares fluctuated after data on industrial companies’ profit showed growth, though slightly softer than in the prior period. Contracts on the Nasdaq 100 climbed in the Asian session after the underlying benchmark fell 1.9% on Thursday. Amazon.com Inc. and Intel Corp. both gained in after-trading hours after the tech-heavy index hit its lowest since May. The advance in US futures points to an early rebound when trading begins on Wall Street after the S&P 500 came to the brink of closing in correction territory. Treasury yields ticked slightly higher after falling Thursday following a solid seven-year bond auction and a rise in continuing jobless claims, an indication the US labor market is starting to crack despite still strong economic growth. Traders are now awaiting the PCE deflator print on Friday to solidify bets the Federal Reserve will pause next week. Still, swaps contracts project a roughly one in three chance of another Fed hike in the current tightening cycle, according to data compiled by Bloomberg. Elsewhere, China’s industrial companies saw profits rise in September for a second straight month, in a further sign that policy support is helping the manufacturing sector recover. In currencies, the dollar fell, while the yen was steady after Tokyo inflation, an indicator of Japanese consumer cost pressures, unexpectedly accelerated for the first time in four months. Japan’s Finance Minister Shunichi Suzuki reiterated officials are watching currency moves with a high sense of urgency. Also in focus is the meeting between China’s Foreign Minister Wang Yi and US Secretary of State Antony Blinken in Washington. In his US visit, Wang said the two countries should have “in-depth” dialog as they need to address common interests and reduce misunderstandings, the official Xinhua News Agency reported. Meanwhile, traders are keeping a close eye on geopolitical developments in the Middle East, with Israel’s military saying it killed Hamas’s deputy head of intelligence, who it said was responsible for helping plan the Oct. 7 attacks. The army overnight also made a limited ground raid into northern Gaza while Iran escalated its rhetoric with the US. West Texas Intermediate oil traded around $84-a-barrel, set for a weekly drop on the back of bearishness in equity markets. Gold was steady after two days of gains as the conflict in the Middle East continues to offer support for the precious metal. US After Hours COUR +17%, DXCM +14.7%, DECK +10.6%, INTC +8.8%, AMZN +3.6%, CMG +2.6% on upside; ENPH -16.9%, OLN -5%, SAM -4.8%, F -4.4% on downside.
Nikkei +1,22% Hang Seng +1.72% CSI +1.34% Shanghai +1.06% Shenzen +1.76%
Eur$ 1.0567 CNH 7.3193 CNY 7.3160 JPY 150.11 GBP 1.2135 CHF 0.8988 RUB 93.6727 TRY 28.1703 WTI$ 84.67 +0.21% Gold 1;989 BTC 34,100 ETH 1,795
S&P +0,59% Nasdaq +0,86% EuroStoxx +0,37% FTSE +0,11% Dax +0,21% SMI +0.16%
Macro :
- Evergrande Talks With Holdout Creditors Ahead of Wind-Up Hearing
- It's Getting Ugly in Stocks as Critical Supports Are Breaking
Keep an eye on :
Keep an eye on :
- AC FP : Accor Boosts FY Ebitda Forecast
- AFRY SS : AFRY AB 3Q Operating Profit Misses Estimates
- AIR FP : SkyWest (SKYW) orders 19 Embraer E175 aircraft valued at $1.1 bln, according to Aviation Source News
- AF FP : Air France-KLM, Apollo Sign €1.3 Billion Quasi-Equity Financing
- AF FP : Air France-KLM 3Q Ebitda Misses Estimates, Air France-KLM Posts Profit Jump Led by Strong Summer Demand
- AMUN FP : Amundi 3Q Net Inflows Beats Estimates, Defies Risk Aversion With Better-Than-Expected Inflows
- AKBP NO : Aker BP Narrows 2023 Output Guidance as Profit Meets Estimates
- ATE FP : Alten Cuts FY Organic Revenue Forecast
- BAS GY : Chemours Cuts FY Adjusted Ebitda Forecast, Misses Estimates
- IAG LN : IAG 3Q Revenue Beats Estimates
- CABK SM : CaixaBank 3Q Net Income Beats Estimates
- CLAB SS : Cloetta 3Q Operating Profit Beats Estimates
- CFN PL : Cofina Approves Sale of Media Unit to Expressao Livre at EGM
- COFB BB : Cofinimmo 9M Adjusted EPS EU5.33 Vs. EU5.29 Y/y
- COV1 GY : Covestro FY Ebitda Forecast Misses Estimates
- DANSKE DC : Danske Bank Narrows FY Net Income Forecast
- DEEZR FP : Deezer 3Q Revenue EU120.7M Vs. EU115.2M Y/y-
- EPROB SS : Electrolux Professional 3Q Ebit Misses Estimates
- ELIS FP : Elis 2023 Objectives Confirmed
- ENI IM : Eni 3Q Adjusted Net Income Beats Estimates
- ENI IM : ENI Approves Provision Second Tranche in Place of 2023 Dividend
- EQNR NO : Recticel Cuts FY Adjusted Ebitda Forecast, Misses Estimates
- FARN LN : Faron Pharma Offers EU6 million Shares via Carnegie
- MCAA US : FC Barcelona’s Barca Media Amends SPAC Merger Pact
- FNAC FP : Fnac Darty Cuts FY Current Operating Income Forecast
- FPE GY : FUCHS SE 9M Revenue EU2.70B Vs. EU2.54B Y/y
- HOFI SS : Hoist Finance 3Q Operating Income SEK916M Vs. SEK595M Y/y
- HOLN SW : Holcim AG Sees FY Recurring Ebit Margin Above +17%, Holcim Lifts Margin Guidance on Roofing Systems Demand
- HYQ GY : Hypoport FY Ebit Forecast Beats Estimates
- JNPR US : Juniper Sees 4Q Adj. Oper Margin About 18.6%, Est. 18.3%
- ML FP : Michelin to Wind Down 53-Year-Old Tire Plant in Oklahoma
- MONC IM : Moncler 3Q Revenue Meets Estimates
- MONC IM : Moncler Consensus Estimates Likely to Be Trimmed
- MONT BB : Paradox Interactive PT Cut to 215 kronor from 315 kronor at Citi
- NWG LN : NatWest 3Q Pretax Operating Profit Meets Estimates
- ONTEX BB : Ontex 3Q Adjusted Ebitda Beats Estimates
- RECT BB : Recticel Cuts FY Adjusted Ebitda Forecast, Misses Estimates
- RCO FP : *REMY COINTREAU SEES FY ORGANIC REV. -15% TO -20%, EST. -6.01%
- RWI LN : Renewi Rejected Macquarie’s 810p/Share Bid; Plans Dividend
- SAF FP : Safran 3Q Adjusted Revenue Beats Estimates
- SGO FP : Saint-Gobain 3Q Like-for-Like Sales Misses Estimates
- SK FP : SEB 3Q Operating Result From Activity Beats Estimates
- SESL FP ; SES-Imagotag 3Q Sales EU182.5M Vs. EU181.8M Y/y
- LIGHT NA : Signify 3Q Comparable Sales Misses Estimates
- SKFB SS : SKF Puts Aerospace Businesses Up For Sale After Strategic Review
- SOP FP : Sopra Steria 3Q Revenue EU1.35B
- STOCKA FH : Stockmann 3Q Adjusted Ebit EU20.6M Vs. EU22.0M Y/y
- TFI FP : Television Francaise 1 SA 3Q Revenue Misses Estimates
- THULE SS : Thule 3Q Net Sales Misses Estimates
- TTE FP : TotalEnergies CEO Isn’t Looking for Big Deals to Match US Rivals
- TTE FP : TotalEnergies CEO Isn’t Looking for Big Deals to Match US Rivals
- UBI FP : Ubisoft 2Q Net Bookings Beats Estimates
- UCG IM : UniCredit Gets ECB Approval for EU2.5B Tranche of Buyback
- UMG NA : UMG 3Q Ebitda Misses Estimates
- URW FP : Unibail Sees FY Adj. Recurring EPS at Least EU9.50, Est. EU9.49
- X US : U.S. Steel 3Q Adjusted EPS Beats Estimates: Snapshot
- FR FP : Valeo 3Q Revenue Meets Estimates
- DG FP : Vinci 3Q Like-for-Like Sales +8.3%
- DG FP : Vinci Order Book Strong, Revenue a Small Beat: Street Wrap
- MF FP : Wendel 3Q Organic Revenue +5%
- XXL NO : XXL 3Q Ebitda Misses Estimates