Asian stocks rose to the highest level in a month on expectations President Donald Trump will ease the impact of his auto tariffs, boosting hopes for further dialing down of trade tensions. A regional index advanced 0.4% while futures for the S&P 500 gained after a White House official said imported automobiles would be given a reprieve from separate tariffs on aluminum and steel. Hyundai Motor Co. led gains among South Korean automakers. A gauge of the dollar strengthened 0.2% while gold dropped as much as 1.1%. There’s no trading of cash Treasuries in Asia as Tokyo is closed for a public holiday, and they will open at the start of the European session. A five-day rally in US stocks, the longest advance since November, faces a significant test this week amid US data from jobs to inflation and economic growth, as well as earnings from some of the biggest technology companies. Some calmness has returned to financial markets in the past week after the Trump administration’s trade policies had sparked volatile trading in stocks and bonds and prompted traders to sell American assets, including the dollar. In European news, HSBC Holdings Plc announced a fresh buyback for shareholders despite an increasingly fragile geopolitical backdrop. Tariffs continued to dominate headlines with Treasury Secretary Scott Bessent telling CNBC the US has put China to the side for now as it seeks trade deals with between 15 to 17 other countries. He also said it’s up to Beijing to take the first step to de-escalate the tariff fight. China is also pushing back hard with the People’s Daily, the flagship newspaper of the Chinese Communist Party, saying in a commentary Tuesday that the US should stop its wrongdoing of imposing tariffs. Foreign Minister Wang Yi also said if nations choose to remain silent, compromise and retreat, it will only lead to the bullies making further advances. China also said the US tariff hike disrupted global air transport market and both its airlines and Boeing Co. have been severely affected, the country’s Ministry of Commerce said in a statement in response to Chinese carriers rejecting new jets from the US plane manufacturer. The country is also willing to continue to support the normal cooperation between Chinese and US firms, it said. In Canada, the Liberal Party won a fourth consecutive election, giving a mandate to former central banker Mark Carney. The Canadian dollar weakened against the greenback on speculation Carney’s party will achieve only a narrow election victory. Meanwhile, global funds are returning to India’s stocks, signaling that this month’s rally in Asia’s best-performing equity market likely has more legs. Foreigners are coming back amid growing optimism that a domestically-driven economy will make the South Asian nation withstand the global trade war better than most peers. In commodities, oil steadied after a drop with signs of strain in the US economy. Gold dipped slightly ahead of key economic data this week. US After Hours LEG +17.3%, BYON +14.1%, NE +9.3%, CCK +6.2%, WWD +4.1% higher on earnings; OKTA +4.1% to join S&P MidCap 400; UCTT -7.9%, NXPI -6.9%, SANM -5.9%, HLIT -4.9% lower on earnings.
Nikkei Closed Hang Seng +0.00% CSI -0.27% Shanghai -0.15% Shenzen +0.16%
Eur$ 1.1381 CNH 7.2729 CNY 7.2741 JPY 142.51 GBP 1.3402 CHF 0.8240 RUB 82.6127 TRY 38.4622 WTI$ 61.50 -0.89% Gold 3,312 -0.96% BTC 94,344 -0.17% ETH 1,793 +0.38%
S&P +0.08% Nasdaq +0.10% EuroStoxx -0.02% FTSE +0.21% Dax +0.26% SMI +0.17%
Macro :
- Spanish Power Almost Entirely Restored, Grid Operator Says
- Spain, Portugal Seeking Answers After Crippling Power Blackout
- KKR, Capital Group Set to Launch Two Debt Funds on Tuesday: FT
- KKR, Capital Group Set to Launch Two Debt Funds on Tuesday: FT
- Stanhope Capital Plans Saudi Expansion With PIF-Linked Bank: FT
- Nvidia, Eli Lilly Among CEOs to Tout US Investments With Trump
- JPMorgan Traders Turn Bullish on US Stocks: Financials Wrap
Keep an eye on :
Keep an eye on :
- ADS GY : Adidas 1Q Gross Profit Beats Estimates, Adidas Maintains FY Operating Profit Forecast, Misses Estimates
- ADJ GY : Adler Group Sees 2025 Net Rental Income EU127M to EU135M
- AIR FP : Airbus Ready to Assemble Training Helicopters in Poland: DGP
- ALLFG NA : Allfunds AuM EU1.52T Vs. EU1.34T; Buys Brazil Securities Broker
- AMUN FP : Amundi 1Q Net Inflows Beats Estimates
- ANTIN FP : Antin Assets Under Management EU33.3B
- ATEA NO : Atea 1Q Ebitda Beats Estimates
- BBVA SM : BBVA 1Q Net Income Beats Estimates
- BG AV : Bawag 1Q Net Income Beats Estimates, FY Guidance Confirmed
- BLV FP : Believe Postpones AGM to Later Date on Upbeat BidCo Squeeze-Out
- BETSB SS : Betsson 1Q Revenue Meets Estimates
- BILL SS : Billerud 1Q Adjusted Ebitda Beats Estimates
- BITTI FH : Bittium 1Q Net Sales Miss Estimates
- BA US : China Says Both Chinese Firms, Boeing Hurt From US Tariffs
- BP/ LN : BP 1Q Adjusted Ebit Misses Estimates
- 1211 HK : -2.68%
- CAN LN : Canal+ SA Says Performance is in Line With Expectations
- CAP FP : Capgemini 1Q Revenue Meets Estimates
- CARLB DC : Carlsberg 1Q Revenue Meets Estimates, Carlsberg Maintains FY Organic Operating Profit Forecast
- CLN SW : Clariant 1Q Adjusted Ebitda Margin Beats Estimates
- CRI FP : Compagnie Chargeurs 1Q Revenue EU187.8M Vs. EU177.8M Y/y
- COPN SW : Cosmo Gets Negative CHMP Opinion on Winlevi, Will Appeal
- DBK GY : Deutsche Bank 1Q FIC Sales & Trading Revenue Beat Estimates, Some Deutsche Bank Units Slowed ‘Dramatically’ in April: CFO
- DB1 GY : Deutsche Boerse Guidance Hold a Disappointment, Citi Says
- DWS GY : DWS 1Q Adjusted Cost to Income Ratio Misses Estimates,
- DWS GY : DWS Draws €20 Billion as Clients Pile Into Passive Funds
- EKTAB SS : Elekta Holder Offers About 15m Shares via Goldman Sachs: Terms, placed @ SEK47.45/share
- EMSN SW : EMS-Chemie 1Q Net Sales CHF522M Vs. CHF545M Y/y
- ELE SM : Endesa Says About One-Third of Its Clients Have Power
- ELUB SS : Electrolux 1Q Operating Profit Misses Estimates
- EPROB SS : Electrolux Professional 1Q Ebit Misses Estimates
- ENTRA NO : Entra 1Q Rental Income Misses Estimates
- ENEL IM : Marcelo Castillo is confirmed as president of Enel Chile amid improved quarterly results.
- EPIA SS : Epiroc 1Q Orders Beats Estimates
- EQV1V FH : eQ 1Q Operating Profit Misses Estimates
- FTK GY : flatexDEGIRO 1Q Ebitda EU69M
- FINGB SS : Fingerprint Cards 1Q Revenue SEK18.2M
- GFJ NO : Gjensidige 1Q Pretax Profit Matches Estimates
- HFG GY : HelloFresh 1Q Adjusted Ebitda Beats Estimates
- HTRO SS : Hexatronic 1Q Revenue Meets Estimates
- 9660 HK : Horizon +10.20%
- HSBA LN : HSBC 1Q Pretax Profit Beats Estimates / *HSBC ANNOUNCES UP TO $3B BUYBACK / HSBC Faces $1.6 Billion Charge as China Recapitalizes BoCom
- NK FP : Imerys 1Q Adjusted Ebitda EU128M Vs. EU188M Y/y
- KESKOB FH : Kesko 1Q Net Sales Match Estimates
- LINDEX FH : Lindex Maintains FY Adjusted Ebit Forecast
- LHA GY : Lufthansa 1Q Adjusted Ebit Loss EU722M, Est. Loss EU747.2M
- MMT FP : M6 1Q Revenue EU314.9M Vs. EU322.3M Y/y
- MB IM : Monte Paschi Bid Unaffected by Mediobanca Move on Banca Generali
- MERY FP : Mercialys 1Q Rental Rev. EU43.9M Vs. EU45.5M Y/y
- MSFT US : Altman and Nadella, Who Ignited the Modern AI Boom Together, Are Drifting Apart
- MTGB SS : MTG 1Q Net Sales Beat Estimates
- MTX GY : MTU Aero Cuts FY Revenue Forecast, Misses Estimates
- MTRS SS : Munters 1Q Net Sales Beat Estimates
- MUX GY : Mutares achieves net income of EUR 29.5 million for the Holding in Q1 2025 – further partial exit from Steyr --> -19% on TGH
- NCCB SS : NCC 1Q Net Sales Meet Estimates
- NESTE FH : Neste 1Q Adjusted Ebitda Misses Estimates
- NKT DC : NKT Signs EU1b Supply Deal With Hydro for Aluminium Wire Rod
- NOD NO : Nordic Semiconductor 1Q Revenue Beats Estimates
- NHY NO : Norsk Hydro 1Q Ebitda Misses Estimates; Cuts Extrusions Outlook
- NOVN SW : Novartis 1Q Core EPS Beats Estimates, *NOVARTIS RAISES FY SALES, CORE OPERATING INCOME GUIDANCE
- NUE US : Nucor 1Q Net Sales Beat Estimates
- NXPI US : NXP Semi Falls After Results, Outlook, and CEO News: Street Wrap
- ORIOLA FH : Oriola 1Q Net Sales Beat Estimates
- PNDXB SS : Pandox 1Q Net Income SEK118M
- PKTM AV : Pierer Mobility Prelim FY Ebit Loss EU1.19B
- PIRC IM : Pirelli FY Dividend per Share Beats Estimates
- PIRC IM : Pirelli FY Dividend per Share Beats Estimates
- P911 GY : Porsche Cuts Full Year Operating Return on Sales Forecast
- PAH3 GY : Porsche Issues Another Warning as Tariffs Hit: Street Wrap
- 1913 HK : Prada Driven by Miu Miu Growth, Watch for Versace Plans: Preview - 0.4%
- PUIG SM : Beauty Firm Puig Rises After Quarterly Sales Top Expectations
- REC IM : Recordati Prelim 1Q Revenue Beats Estimates
- RECT BB : Recticel 1Q Sales Beat Estimates
- RENE PL : Portugal’s REN Says 750,000 Consumers Now Have Access to Power (yest night)
- RXL FP : Rexel 1Q Sales Meet Estimates
- RHM GY : Rheinmetall Dips as Outlook Maintained Despite Prelim Sales Beat
- SU FP : Schneider Electric 1Q Revenue Misses Estimates
- SEBA SS : SEB 1Q Net Interest Income Beats Estimates (1)
- SEBA SS : SEB Starts New SEK2.5 Billion Share Buyback Program
- SANOMA FH : Sanoma 1Q Revenue Beats Estimates
- SIGN SW : SIG Group 1Q Adjusted Ebitda Misses Estimates
- SMCP FP : SMCP 1Q Organic Sales +2.6%
- SSABA SS : SSAB 1Q Adjusted Operating Profit Beats Estimates
- SWECB SS : Sweco 1Q Net Sales Miss Estimates
- SWEDA SS : Swedbank 1Q Net Income Beats Estimates
- SY1 GY : Symrise 1Q Sales Miss Estimates
- TTK GY : Takkt 1Q Ebitda EU11.2M Vs. EU16.8M Y/y
- THULE SS : Thule 1Q Ebit Misses Estimates
- RIG US : Transocean 1Q Contract Drilling Revenue Beats Estimates
- DG FP : Vinci Launches Tap Issue of Convertible Bonds Worth Up to €150M
- VIS SM : Viscofan 1Q Ebitda Misses Estimates
- VIMIAN SS : Vimian 1Q Revenue Beats Estimates
- VOMVB SS : Volvo Cars Withdraws Guidance as 1Q Revenue Misses Estimates
- XXL NO : XXL 1Q Revenue Beats Estimates
- YIT FH : YIT 1Q Adjusted Operating Profit Beats Estimates