Crude declined after Israeli strikes on Iran avoided oil facilities. The yen fell after Japan’s ruling coalition failed to win a majority in parliament, stoking speculation the political uncertainty would make the central bank less hawkish. Oil tumbled more than 5% at one point and gold also edged lower after Iran said its oil industry was operating normally following Israel’s attacks on military targets across the country in retaliation for a missile barrage earlier this month. In currency markets, the yen was in the spotlight with a drop to its weakest level in about three months against the dollar, after a gamble by Prime Minister Shigeru Ishiba to call a snap election backfired. The weaker yen, which benefits the nation’s export-oriented economy, helped push the Topix index up by as much as 1.8%. European and US equity futures rose. Chinese shares edged lower after profits at industrial firms plunged in September, a challenge to the economy as deflationary pressures sap the strength of corporate finances. Meanwhile, China’s central bank unveiled a new tool to help it better manage liquidity. In India, shares of the country’s largest solar-panel maker Waaree Energies Ltd. jumped nearly 75% early on debut after a $514 million initial public offering. Markets are readying for a barrage of data this week including Chinese economic activity readings, Eurozone and US growth prints as well as a payrolls report to help position portfolios into year-end. For the US bond market, already stung by the worst selloff in six months, the coming days will be particularly crucial, as they feature the Treasury Department’s announcement on Wednesday on the scale of its coming debt sales. The rally in stocks faded Friday, with the S&P 500 notching its first weekly loss in seven weeks as a gain in tech stocks failed to offset a drop in bank shares. Five of the so-called Magnificent Seven report earnings this week and are expected to post their slowest collective quarterly earnings expansion in six quarters, according to data compiled by Bloomberg Intelligence. Elsewhere in Asia this week, major Chinese banks will release earnings reports while the Bank of Japan will give a policy decision. Australia’s inflation data and the official and private Chinese PMI readings will also be closely parsed to help gauge the outlook on the risk-sensitive Aussie and NZ currencies.
Nikkei +1.82% Hang Seng +0.16% CSI -0.13% Shanghai +0.36% Shenzen +1.05%
Eur$ 1.0795 CNH 7.1420 CNY 7.1311 JPY 153.26 GBP 1.2953 CHF 0.8688 RUB 97.2501 TRY 34.2501 WTI$ 68.58 -4.46% Gold 2,743 -0.18% BTC 67,786 +0.14% ETH 2,484 -0.21%
S&P +0.49% Nasdaq +0.66% EuroStoxx +0.36% FTSE +0.07% Dax +0.42% SMI +0.38%
Macro :
- Hedge Funds Are Gaining Influence in Market for Europe Dividends
- Japan Ruling LDP Wins 191 Seats in Lower House Election: Kyodo
- Hedge Funds Sold 80% China Stock Bought Since Sept. 24: Goldman
- UK to Reduce Benefit Cuts for Indebted Households, Guardian Says
- UK to Reduce Benefit Cuts for Indebted Households, Guardian Says
- UK Ultra-Rich Make Final Plea to Labour Ahead of Budget Showdown
- Israel Retaliates Against Iran With Strikes on Tehran
- Crypto-Linked Stocks Drop After Report on US Probe Into Tether
- Nuclear Startup Pacific Fusion Raises $900 Million in Funding
- Ivory Coast Ex-Minister to Challenge Thiam’s Presidential Bid
- China condemns U.S. arms sales to Taiwan, reaffirms reunification resolve
Keep an eye on :
Keep an eye on :
- AIR FP : Thales and Airbus space deal would create European monopoly, warns rival
- AAPL US : Apple Secretly Tests Blood-Sugar App in Sign of Health Ambitions
- AAPL US : Apple Blocked From Selling iPhone 16 Models in Indonesia
- BARC LN : UK Banks Facing Billions More in Payouts After Auto Loan Ruling
- BG AV : Bawag Boosts FY Pretax Profit Forecast, Bawag Boosts Profit Forecast, Sees €200m FY Excess Capital
- BA US : Boeing Plans Over $15 Billion Capital Raise as Soon as Monday
- BA US : DOJ Defends Diversity Pledge in Proposed Boeing Crash Plea Deal
- BA US : Boeing Raises Doubts About Its Future in the Space Business
- BORR NO : Borr Drilling Prelim 3Q Adjusted Ebitda About $116M, Est. $131M
- BT/A LN : BT Group Explores Possible Sale of Its Radianz Unit, FT Reports
- CLN SW : Clariant Proposes Ben Van Beurden as New Chairman
- EQT US : EQT Considers Making Investments in Private Capital Industry: FT
- EQT SS : Sweden’s EQT eyes deal push as it girds for wave of PE consolidation
- EL FP : EssilorLuxottica Backs Del Vecchio Heir Amid Italy Hacking Probe
- ERF FP : Eurofins to Buy Synlab Spain Clinical Diagnostics Ops; No Terms
- FDJ FP : France Shelves Proposal to Legalize Online Casinos
- GAM SW : GAM Holder Commits Up to CHF100M Backstop for Rights Offering
- GOOGL US : Google Aiming to Release Next Gemini 2.0 Model in Dec.: Verge
- GOOGL US : Google to Preview AI That Takes Over Computers, Information Says
- GVOLT PL : KKR Owns 97.6% of Greenvolt Shares After Takeover Bid: Euronext
- GRF SM : Brookfield Delays Grifols Bid Over Funding Issues: Confidencial
- GTT FP : GTT Sees FY Ebitda High End of EU345M to EU385M, Est. EU373.1M
- HSBA LN : UK Banks Facing Billions More in Payouts After Auto Loan Ruling
- DEC FP : JCDecaux Won’t Pursue Purchase of Clear Channel’s Ops in Spain
- KPN NA : KPN 3Q Adjusted Ebitda After Leases Meets Estimates
- LSEG LN : London Stock Exchange Group Weighs Cutting 200 Jobs Globally
- MAIRE IM : Maire Shares Fell 5.8%, Most in Five Months
- MAIRE IM : Maire Shares Fell 5.8%, Most in Five Months
- METSO FH : Metso CFO Eeva Sipila to Leave the Mining Services Company
- MSFT US : Microsoft, X, OpenAI Discussed Buying Perplexity - The Information
- NYF SS : Nyfosa Appoints Pareto Banker Carl-Johan Hugner as Its New CEO
- OPM FP : Opmobility 3Q Revenue Meets Estimates
- PHIA NA : Philips Cuts FY Comparable Sales Forecast on China (1)
- PAH3 GY : Porsche Reiterates FY24 Guidance, Misses Estimates: Street Wrap
- PRX NA : New boss seeks to bring Naspers out of Tencent’s shadow
- RUI FP : National Oil of Kenya, Rubis Energy Plan Strategic Partnership
- SU FP : Buy Schneider as Everything Gets a Power Boost - Barrons
- SINCH SS : Sinch Prelim 3Q Net Sales Meets Estimates
- STERV FH : Stora Enso Acquires Finnish Sawmill Junnikkala for €137M
- SYAB GY : Synlab to Sell Spanish Business to Eurofins for Undisclosed Sum
- Swiggy IPO (India) : Swiggy IPO valuation at $11.2 billion; BlackRock, CPPIB, SBI MF, others subscribe to anchor book
- HO FP : Thales and Airbus space deal would create European monopoly, warns rival
- TKA GY : Carlyle drops bid for Thyssenkrupp defence unit over Berlin indecision
- 8TRA GY : Traton 9M Sales EU35.25B Vs. EU34.18B Y/y
- VALE3 BZ : *VALE SEES POTENTIAL UPSIDE TO STEEL MARGINS: NOGUEIRA
- VOW GY : VW Board Draws Up Restructuring Proposals: Handelsblatt
- VOW GY : VW Workers Rally at Car Plants as Management Stays Mum on Cuts
- WVH GY : Wacker Chemie 3Q Ebitda Misses Estimates