Asian shares advanced with US and Europe futures on Thursday, extending a rally on Wall Street after Federal Reserve Chair Jerome Powell said the central bank had made progress in its battle against inflation. A benchmark of Asian stocks climbed about 0.7%, with Hong Kong-listed technology companies among the top performers. The picture was more mixed in Japanese and mainland China markets, while Adani Group companies led the Indian market lower. The dollar continued its decline against both Group-of-10 and emerging-markets currencies. A gauge of the greenback’s strength was at the lowest level since April as global investors position for a potential peak in US interest rates. Positioning in US swaps markets assumes the Fed is getting closer to cutting rates as traders bet that economic conditions are likely to keep it from the additional rate increases that policymakers still anticipate. Adding to the positive tone for risk taking, in US after-hours trading, Meta Platforms Inc. surged, leading social-media stocks higher, after reporting better-than-expected sales during the holiday quarter. The Adani Group’s deepening crisis continued to rumble through markets on Thursday. Adani Enterprises Ltd. tanked as much as 10% in early Mumbai trading, after the company said it abandoned its follow-on share sale to insulate investors in the offering from potential losses. The other nine stocks in the group also fell. Bonds of the Indian billionaire Gautam Adani’s flagship firm plunged to distressed levels in US trading. Gold hovered around a nine-month high and Bitcoin hit the highest since August in the wake of Fed decision. Later Thursday, central banks in Europe will be center stage with both the European Central Bank and the Bank of England expected to raise rates by half a percentage point each. US After Hours META +18.7% shocks investors with strong earnings, online ad peers higher in sympathy; ALGN +15.6%, ELF +13.3% also higher on earnings; CHX -8.6%, MXL -7.5%, QRVO -4.4% lower on earnings.
Nikkei +0.14% Hang Seng +0.41% CSI +0.06% Shanghai +0.29% Shenzen +0.41%
Eur$ 1.1025 CNH 6.7152 CNY 6.7130 JPY 128.41 GBP 1.2396 CHF 0.9067 RUB 69.7447 TRY 18.8160 WTI$ 77.13 Gold 1,954 +0.17% BTC 23,900 +0.92% ETH 1,675 +2.42%
S&P +0.30% Nasdaq +0.91% EuroStoxx +0.62% FTSE +0.37% Dax +0.58% SMI +0.37%
Macro :
- Abby Cohen Is Cheered by Markets’ Revaluation, Wary on Leverage
- Gundlach Tells CNBC Odds of A 2023 Rate Cut A ‘Coin Flip’
- Powell Vows Fed Not Done Hiking Rates and Markets Rally Anyway
- Adani Crisis Deepens as Stock Rout Hits $104 Billion, Bonds Sink
- ECB to Hike Again With Attention on What’s Next: Decision Guide
Keep an eye on :
Keep an eye on :
- ABBN SW : ABB 4Q Operating Ebita Misses Estimates
- ABBN SW : ABB Sees Order Growth Easing in 2023 With Inflation Uncertainty
- ASMI NA : ASMI to Invest ~$100M by 2025 in Korean R&D Site (Feb. 1)
- ATVI US : Microsoft Receives EU’s List of Concerns About Activision Deal
- AIR FP : Airbus, Qatar Airways Reach Settlement in A350 Paint Dispute
- AIR FP : Airbus, Qatar Airways Reach Settlement in A350 Paint Dispute
- AI US : OpenAI Introducs ChatGPT Subscription Plan of $20/Month
- BARC LN : *BARCLAYS SAID TO WEIGH BOOSTING BONUS POT FOR FICC TRADERS
- BNP FP : SocGen, BNP Among Entities Studying Bids for Orange Bank: Echos
- BONAVA SS : Bonava FY Dividend per Share Misses Estimates
- BRG NO : Borregaard 4Q Operating Revenue Beats Estimates
- CAPMAN FH : CapMan FY EPS Misses Estimates
- CO FP : Casino Group Confirms Exploratory Talks With Teract
- CSGN SW : Credit Suisse Weighs Splitting China Team in First Boston Revamp
- DSY FP : Dassault Systemes Sees 1Q Non-IFRS Oper Margin 30.7% to 31.3%
- DBK GY : Alfa Laval 4Q Adjusted Ebita Beats Estimates
- DTE GY : Deutsche Telekom Completes Majority Stake Sale in GD Towers Unit
- DOF NO : DOF ASA Says Creditors Requests to Open Bankruptcy Proceedings
- DSV DC : DSV 4Q Revenue Meets Estimates
- DWS GY : DWS FY Net Outflows EU19.9B, Est. Outflows EU18.03B
- EDF FP : French MPs Seek To Block Post-Nationalization EDF Asset Sales
- ENI IM : ENI May Sell up to 10% Stake in Plenitude Unit: MF
- EPR NO : Europris 4Q Net Income Beats Estimates
- EVO SS : Evolution 4Q Ebitda Beats Estimates
- FYB GY : Formycon AG plans capital increase of approx. 5% of the share capital by way of an accelerated bookbuilding procedure, Formycon Offering of 910,000 Shares Prices at EU77/Share
- ITX SM : Zara Says It’s Time Its Largest Market Pays for Online Returns
- IFX GY : Infineon Sees 2Q Segment Result Margin About 25%, Est. 23.7%
- INGA NA : *ING 4Q NET INCOME EU1.09B, EST. EU975.8M
- BAER SW : Julius Baer FY Net Inflows Beats Estimates
- KESKOB FH : Kesko 4Q Adjusted Ebit Misses Estimates
- META US : Meta Platforms Soars on Revenue and Expense Outlook: Street Wrap
- MSFT US : OpenAI Introducs ChatGPT Subscription Plan of $20/Month
- NEOEN FP : Neoen Sees FY Ebitda Above EU410M, Saw EU390M to EU410M
- NESN SW : Nestlé Canada to Wind Down & Exit Frozen Meals & Pizza Business
- NDA SS : Nordea 4Q Profit Beats Estimates Boosted by Lending Income
- NTI NO : Norsk Titanium Progressing to Commercial Expansion With Airbus
- OMV AV : OMV Is Said to Explore Sale of International Oil, Gas Assets
- ORA FP : SocGen, BNP Among Entities Studying Bids for Orange Bank: Echos
- PUB FP : Publicis Sees 2023 Organic Revenue +3% to +5%, Est. +0.96%
- PUB FP : Publicis Sees 3% to 5% Sales Growth in 2023, Beating Estimates
- ROG SW : Roche FY Core EPS Misses Estimates
- SAN SM : Santander Profit Beats Estimates on Rate Boost While Costs Jump
- SRS IM : Saras Shares Offered As Part of Derivative Deal: Terms
- SRS IM : Angelo Moratti’s Fund in Derivative Deal Over 5% of Saras
- WAF GY : Siltronic 4Q Sales Meets Estimates
- SHL GY : Siemens Healthineers Earnings Slump as Test-Kits, Costs Weigh
- SLIGR NA : Sligro FY Ebitda Misses Estimates
- GLE FP : SocGen, BNP Among Entities Studying Bids for Orange Bank: Echos
- STLA IM : Stellantis to End Night Production at French Site: AFP (Feb. 1)
- UHR SW : Swatch Proposes Dividend CHF6/Bearer, CHF1.20/Registered Share
- SREN SW : Swiss Re Plans Reorganization, to Split Reinsurance in Two
- TEL NO : Telenor 4Q Ebitda Beats Estimates
- TIT IM : KKR Is Said to Ready Bid for Telecom Italia Network
- UBI FP : Guillemot Brothers Buy ~4M Ubisoft Shares Worth ~€75.4M