Stocks rose in Asia on the last trading day of the quarter amid optimism over spending during China’s Golden Week holiday and on talks of a possible meeting between US and China leaders. Treasuries and the dollar declined. Hong Kong shares led equity gains, while benchmarks also advanced in Australia and New Zealand. Mainland markets are shut for a holiday through the end of next week. China’s Vice Premier He Lifeng and Foreign Minister Wang Yi are discussing possible visits to the US to prepare for a potential summit between Xi Jinping and Joe Biden, the Wall Street Journal reported, citing people it did not identify. The MSCI Asia Pacific Index has still fallen almost 4% since the end of June, the biggest quarterly decline since September 2022. Sentiment toward equities has been sapped due the prospect that global interest rates will stay elevated for longer, while inflation is being supported by rising oil prices. Futures for the S&P 500 and Nasdaq 100 were little changed after the US indexes gained Thursday on the back of a rally in tech behemoths including Nvidia Corp. and Meta Platforms Inc. September is still shaping up to be the worst month this year for US stock benchmarks and the poorest month for global bonds since February after the Federal Reserve left interest rates at the highest in 22 years at its most recent meeting. Treasury yields rose in Asia after slipping from 16-year highs in New York following weaker-than-expected consumer spending data and dovish Fed comments. The US 30-year yield is on track for the largest quarterly increase since 2009. The dollar weakened against all except one of the Group-of-10 peers Friday, but Bloomberg’s index of the US currency has still gained 2.6% this quarter. The yen briefly extended losses after the central bank announced an unscheduled bond-buying operation. The country’s 30-year bond yield climbed to the highest since 2013 amid upward pressure on global yields. Meanwhile, oil climbed, with Brent set for its best quarter since March 2022, following production cuts by OPEC+ linchpins Saudi Arabia and Russia. US After Hours NKE +8.3% higher on earnings; Ackman provides views on range of topics, see rates going higher.
Nikkei -0.45% Hang Seng +2.71% CSI Closed Shanghai Closed Shenzen Closed
Eur$ 1.0581 CNH 7.2932 CNY 7.2980 JPY 149.38 GBP 1.2224 CHF 0.9133 RUB 96.6188 TRY 27.4656 WTI$ 91.76 Gold 1,865 BTC 26,975 -0.42% ETH 1,645 -0.13%
S&P -0.01% Nasdaq +0.08% EuroStoxx +0.17% FTSE +0.06% Dax +0.28% SMI
Macro :
- Italy Senate Approves Amended Windfall Tax on Banks
- Aurelius Nets Double-Digit Gains as Assets Dip Below $1 Billion
- Putin Met With Libyan National Army Leader Haftar in Moscow: IFX
- BlackRock, Invesco Bitcoin ETF Applications Again Delayed by SEC
- UAW Aims For At Least 30% Wage Bump to Woo New Members
Keep an eye on :
Keep an eye on :
- ACG LN : ACG Terminates Purchase Agreement; Considering Options
- AIR FP : Air India Acquires First Airbus Widebody Through Leasing Unit
- AIR FP : Boeing to Pay $8 Million to Resolve False Claims Act Allegations
- ARGX BB : Argenx Medicine Helps Patients With Bleeding Disorder in Study
- ASCL LN : Apax Partners in Advanced Talks to Buy WGSN From Ascential: Sky
- ASRNL NA : ASR Appeals to Supreme Court in Woekerpolis.nl Case
- BARC LN : Barclays to Lloyds, BOE's Pause Unlikely 2023 NIM Game Changer
- BHG SS : BHG Group to Cut Jobs, Shut Stores in Value Home Restructuring
- CBK GY : Commerzbank 11% ROTE Isn't in the Bag, 50%-Plus Payout Is: React
- FRE GY : EU Regulator Accepts Fresenius Kabi’s Stelara Biosimilar Filing
- KFASTB SS : K-fast Holding Offers SEK350 million Shares via Nordea, Swedbank, Offering of 24m Shares Prices at SEK13.80/Share
- NKE US : Nike 1Q EPS Beats Estimates, Nike Rises After Reporting Its Inventory Glut Is Easing
- NVDA US : Nvidia Offices in France Raided as Part of Inquiry, WSJ Says
- ONTEX BB : Ontex: Ontex Sells Pakistan Activities
- RKT LN : Reckitt, Kenvue 2023 Cold and Flu Sales Spared FDA-Action Hit
- SHEL LN : Shell Seeks to Sell Some Sprng Energy Assets: Mint
- SNBN SW : Alternate SNB Governing Board Member Dewet Moser to Retire Early
- STLA IM : Stellantis Picks New Jeep Chief as Rugged SUV Brand Struggles
- TE FP : TechnipFMC Gets $75m-$250m Petrobras Flexible Pipe Contract
- TKA GY : Kretinsky to Buy 50% Stake in ThyssenKrupp Steel Unit: HB
- TKA GY : Kretinsky to Buy 50% Stake in ThyssenKrupp Steel Unit: HB
- TKA GY : Thyssenkrupp in Talks With Czech Investor Kretinsky Over Steel
- TWEKA NA : TKH Cuts FY Adj. Ebita Forecast After France Ops Divestment
- TRI FP : Trigano FY Revenue Misses Estimates
- DG FP : Vinci Wins EV Charging Station Contract in Germany
- VIRP FP : Virbac 1H Operating Profit EU108.5M Vs. EU115.5M Y/y
- VOLVB SS : UAW Mac Truck Members in 3 States Vote to Authorize Strike
- VONN SW : Vontobel Places New $400M AT1 Bonds, Calls Outstanding 2018 AT1
- FTON SW : Ypsomed Says Samuel Künzli Succeeds Niklaus Ramseier as CFO
- XXL NO : XXL Has Signed Exit Agreements for Last Three Stores in Austria