Asian shares pushed higher Friday on a jump in Chinese technology stocks, while U.S. equity futures fell after post-earnings slumps in Amazon.com Inc. and Apple Inc. Speculation of a possible near-term easing in China’s crackdown on internet companies spurred a surge of about 10% in the Hang Seng Tech Index. China vowed to support the health of so-called platform firms. There were also signs of progress toward tackling the threat of delisting from the U.S. that hangs over some Chinese companies. Meanwhile, officials urged efforts to meet growth targets as lockdowns hamper the nation’s economy. European futures were in the green. But contracts on the S&P 500 and technology-heavy Nasdaq 100 retreated after Amazon projected sluggish sales growth and Apple flagged supply constraints. Both slid in extended trading Thursday, clouding the S&P 500’s best climb since early March. Volatility in the currency markets moderated compared with the upheavals of a day earlier. The yen pared a tumble while staying near 20-year lows. The dollar was set for its best week since 2021 amid investor caution and as the Federal Reserve readies sharp interest-rate hikes to slow inflation. Oil was near $105 a barrel. Traders are evaluating the prospect of a European Union ban on Russian crude in retaliation for the invasion of Ukraine. Markets continue to be whipsawed by the corporate earnings outlook, tightening U.S. monetary policy, the war in Ukraine and China’s Covid outbreak. All those factors herald more challenges for investors. The latest U.S. data showed that the world’s largest economy unexpectedly shrank for the first time since 2020. That reflected an import surge tied to solid consumer demand, suggesting growth will return imminently. US After Hours AMZN -8.8% and AAPL -2.5% head lower on earnings; ACCD -30.4%, TRUP -13%, HOOD -11.1% also lower; ZYME +33.5% higher on takeover bid; HUBG +11.1%, MHK +10.6%, FBHS +5.1% higher on earnings
Nikkei +1.75% Hang Seng +2.88% CSI +1.95% Shanghai +1.94% Shenzen +3.48%
Eur$ 1.0537 CNH 6.6412 CNY 6.6140 JPY 130.44 GBP 1.2521 CHF 0.9706 RUB 72.4690 TRY 14.7702 WTI$ 105.99 +0.61% Gold 1,908.30 +0.74% BTC 39,500 -0.96% ETH 2920 -0.95%
S&P -0.19% Nasdaq -0.47% EuroStoxx +1.43% FTSE +0.95% Dax +1.34% SMI +0.88%
Macro :
- MSCI to Delete 20 Constituents From MSCI Russia IMI
- China Tech Shares Surge; Dollar Ends Six-Day Rally: Macro Squawk
Keep an eye on :
- AC FP : Accor 1Q Like-for-Like Revenue +85%
- AED BB : Aedifica to Spend Over EU52m on Nordic Care Homes at 6% Yield
Keep an eye on :
- AC FP : Accor 1Q Like-for-Like Revenue +85%
- AED BB : Aedifica to Spend Over EU52m on Nordic Care Homes at 6% Yield
- AMUND FP : Amundi 1Q Adjusted Net Beats Estimates
- BAS GY : BASF Warns of Russian Gas Risk; Keeps Outlook Steady
- BESI NA : BE Semiconductor Sees 2Q Gross Margin 59% to 61%, Est. 60.5%
- BONAVA SS : Bonava 1Q Net Sales Meets Estimates
- BRNL NA : Brunel 1Q Ebit EU15.6M Vs. EU10.7M Y/y
- CAST SS : Castellum CEO Rutger Arnhult Buys Shares for 16.3 Million Kronor
- COFA FP : Coface 1Q Operating Income EU96.1M Vs. EU79.6M Y/y
- DANSKE DC ; Danske Bank 1Q Net Income Misses Estimates
- EZJ LN : EasyJet Exits Leases on Russia-Owned Jets in Sanctions Turnabout
- EDPR PL : EDPR Completes Sale of 149 MW Wind Farm Portfolio in Poland
- ELIX LN : Elixirr International Holders Seek GBP4m in Share Offering
- ENI IM : Eni 1Q Adjusted Net Beats Estimates
- EBS AV : Erste 1Q Net Income Beats Estimates
- EUCAR FP : Europcar 1Q Adjusted Ebitda EU31.2M Vs. Loss EU44.4M Y/y
- FSKRS FH : Fiskars 1Q Revenue Beats Estimates
- FPE GY : Fuchs Petrolub Sees FY Ebit Low End of EU360M to EU390M
- GRF SM : Grifols to Restate Fiscal 2021 Consolidated Annual Accounts
- HEIJL NA : Heijmans 1Q Order Book EU2.2B
- HUMBLE SS : Humble Group May Carry Out Directed Issue of About SEK 500 Mln
- NK FP : Imerys 1Q Organic Revenue +11.3%
- INDT SS : Indutrade 1Q Profit After Tax SEK638M
- INTRUM SS : Intrum 1Q Adjusted Ebit Misses Estimates
- JMT PL : J. Martins 1Q Net Income EU88M Vs. EU58M Y/y
- KESKOB FH : Kesko 1Q Adjusted Ebit EU143.7M Vs. EU116.2M Y/y (1)
- KPN NA : KPN 1Q Adjusted Ebitda After Leases Meets Estimates
- LI FP : Klepierre Maintains FY Group NCCF/Shr Forecast
- NDA SS : Sampo Launches Accelerated Offering of About 100M Nordea Shrs
- OMV AV : OMV 1Q Clean CCS Net Income Beats Estimates
- PSON LN : Pearson Buys Online Language Learning Platform Mondly
- POM FP : Plastic Omnium to Buy Varroc Lighting Unit at EU600M Ent. Value
- PROX BB : Proximus 1Q Adjusted Ebitda Beats Estimates
- RCO FP : Remy Cointreau 4Q Organic Rev. Misses Estimates
- RWE GY : RWE Shareholders Reject Proposal to Spin Off Lignite Business
- SAA1V FH : Sanoma 1Q Ebit Loss EU22.0M, Est. Loss EU23.2M
- SAF FP : Safran 1Q Adjusted Revenue Beats Estimates
- SGO FP : Saint-Gobain 1Q Sales Beats Estimates
- LIGHT NA : Signify 1Q Comparable Sales Beats Estimates
- SPIE FP : Spie 1Q Ebita EU70.4M Vs. EU59.8M Y/y
- STR AV : Strabag FY Ebit Beats Estimates
- TSLA US : *MUSK REPORTS SALE OF $3.99B TESLA SHARES IN TOTAL, FILINGS SHOW
- TRE SM : QatarEnergy Awards LNG Expansion Deal to TR, Wison JV
- TFI FP : TF1 1Q Current Operating Income EU59.6M Vs. EU56.8M Y/y
- TOKMAN FH : Tokmanni 1Q Comparable Ebit Loss Misses Estimates
- TOM NO : Tomra 1Q EPS Beats Estimates
- TWTR US : Musk’s Twitter Pitch Featured Job Cuts, Other Ways to Make Money