Asian equities jumped on Thursday following the strongest day for US stocks since early August after the Bank of England unveiled a bond-buying program that triggered a global rally in government debt. Shares rose in Japan, Hong Kong and Australia, mirroring a 2% advance for the S&P 500, which snapped a six-day losing streak. Lingering caution was evident with small declines in US stock futures and the dollar’s advance against the pound and the yen. Investors remained alert to the threats posed by discordant moves from central banks over the past few days, with Federal Reserve officials adamant on further monetary tightening, the BOE unveiling a £65 billion ($71 billion) plan to support government debt and authorities in Asia trying to prop up weakening currencies. The pound fell nearly 1% on Thursday as the greenback resumed its rise against its Group-of-10 counterparts. China’s onshore yuan advanced for the first time in nine sessions, after the central bank issued a verbal warning against currency speculation. Federal Reserve officials continued to hammer home the central bank’s hawkish outlook. European Union officials unveiled fresh economic limits on Russia in response to further annexing of Ukraine. The new round of sanctions would bar sales of Russian oil by third party countries beyond a set price cap. The plan would inflict around $6.7 billion in economic pain on Russia. US after Hours MTN +4.5%, JEF +1.6% higher on earnings; Yellen wants to stay as Treasury Sec after midterms, according to Bloomberg Tax.
Nikkei +1.05% Hang Seng +1.20% CSI +0.51% Shanghai +0.53% Shenzen +0.65%
Eur$ 0.9682 CNH 7.1917 CNY 7.1899 JPY 144.48 GBP 1.0800 CHF 0.9797 RUB 58.0910 TRY 18.5302 WTI$ 81.67 -0.57% Gold 1,649.60 -0.63% BTC 19,538.40 -0.15% ETH 1,341 -0.70%
S&P -0.40% Nasdaq -0.63% EuroStoxx -0.06% FTSE +0.09% Dax +0.02% SMI +0.11%
Macro :
- Citadel Founder Ken Griffin Says Economy Has ‘Powerful Tailwind’
- U.S. Investor Bull-Bear Spread -40.8: AAII
Keep an eye on :
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- BAVA DC : With Monkeypox Outbreak Slowing, Focus Shifts to Prevention
- BBVA SM : BBVA Announces Payment of Interim Cash Dividend vs 2022 Results
- BEN FP : Beneteau Sees FY Revenue +13% to +16%
- ENEL IM : Italy’s Enel Agrees to Gas-Price Increase With Algeria
- FLOW NA : Flow Traders Chief Risk Officer Britta Achmann to Step Down
- GSF NO : Grieg Seafood Puts New Investments on Hold While Assessing Tax
- HMB SS : *H&M 3Q ADJ. OPER PROFIT SEK3.01B, EST. SEK4.34B
- HLE GY : Hella Sees FY Adjusted Ebit Margin 5.5% to 7%
- HBH GY : Hornbach Holding 2Q Adjusted Ebit EU129.1M Vs. EU168.1M Y/y
- ORP FP : Orpea 1H Ebitda EU415M Vs. EU499M Y/Y
- PAH3 GY : Porsche Share Price Values Sports-Car Maker Close to Parent VW
- PDG LN : Hedin Mobility Implies May Change Position on Pendragon Stake
- RAA GY : Rational Sees FY Ebit Margin 21.5% to 22.5%
- RNO FP : Carmakers in Spain to Hike Wages by as Much as 10%: Expansion
- ROG SW : Eisai’s Alzheimer Success Leaves Many Questions Still Unanswered
- SFL IM : Safilo Gets Financing Deal Worth EU300M
- SNC PL : Sonaecom Says It Will Directly Hold a 26% Stake in NOS
- S30 FP ; Solutions 30 1H France Revenue EU221.9M Vs. EU270.3M Y/y
- SCATC NO : Scatec Targets to Invest NOK10b of Equity in New Power Plants
- STLA IM : Carmakers in Spain to Hike Wages by as Much as 10%: Expansion
- TEMN SW : Software Firm Workiva Is Said to Draw Thoma Bravo, TPG Interest
- TTE FP : TotalEnergies Braced for End of Cash Flows from Russia, CEO Says
- TTE FP : TotalEnergies May Sell Part of its 20% Stake in Adani Green
- UBI FP : Ubisoft Says ‘Skull and Bones’ to Now Release on March 9
- VOW GY : Volkswagen Says Porsche IPO Prices at EU82.50/Shr, Top of Range
- VOW GY : Carmakers in Spain to Hike Wages by as Much as 10%: Expansion
- WLN FP : Worldline to Buy 40% Stake in Online Payment Platform B.V.