Most Asian equity benchmarks rose as a rebound in US shares extended into after-hours trading after a set of bumper results from tech giants. Australian and Japanese benchmarks rallied, while Greater China shares were mixed. Korean stocks surged over 2% and are heading for their best weekly gain since 2022. Futures for US equities also climbed after both the S&P 500 Index and the tech-heavy Nasdaq 100 Index rose over 1% on Thursday. In Korea, banks joined automakers and hardware tech firms in gains on the benchmark Kospi Index on expectations a regulatory push would boost valuations. The nation’s finance minister vowed to improve shareholder returns and corporate governance earlier this week. Meanwhile, Japan’s Aozora Bank Ltd. fell as much as 19%, taking its two-day decline to over 30%, after saying that it would report its first loss in 15 years due to soured debt tied to the US commercial property market. Treasuries were steady in Asian trading after an advance Thursday that dragged the 10-year yield three basis points lower. An index of the dollar slipped, while the Australian dollar was the best performing currency among a Group-of-10 peers.
The moves in Treasuries come ahead of US nonfarm payrolls data due Friday which are expected to show a slowdown in new jobs added. Separate data released Thursday pointed to an increase in jobless claims, which suggested a softening in the labor market. Global stocks are heading for a second week of gains as traders continue to speculate that the Federal Reserve will cut interest rates in the coming months. A vow by Chinese authorities to maintain the strength of government spending is also helping sentiment. The rally in Treasuries and fresh demand for gold, that pushed the price of the precious metal higher for a fourth session on Thursday, signaled further angst over US regional banks. An index of US regional financials is on pace for its worst week since May last year, during the fallout of the banking crisis. The declines came as Citizens Financial Group Inc.’s chief executive said the issues that led to the collapse of several lenders last year are largely in the past. Elsewhere, Japanese banking giant Mizuho Financial Group is likely to report a decline in third-quarter net income when it releases earnings today. In India, financial tech giant Paytm slumped another 20%, mirroring Thursday’s decline, as JPMorgan downgraded following restriction imposed by regulators on the company’s unit.
Nikkei +0.41% Hang Seng +0.45% CSI -0.26% Shanghai -0.62% Shenzen -2.00%
Eur$ 1.0880 CNH 7.1888 CNY 7.1796 JPY 146.48 GBP 1.2749 CHF 0.8573 RUB 90.3528 TRY 30.4555 WTI$ 74.18 +0.16% Gold 2,056 BTC 42,983 -0.18% ETH 2,299
S&P +0.58% Nasdaq +1% EuroStoxx +0.75% FTSE +0.80% Dax +0.79% SMI +0.66%
Macro :
- Goldman Sachs’ Rubner Says US Stock Market ‘Could Go Down a Lot’
- Citi Expects Big Year for India M&As With Flows From All Corners
- Citi Expects Big Year for India M&As With Flows From All Corners
- Gamble on US Commercial Property Blows Up for Japan’s Aozora
- Zelenskiy Asks EU to Provide Ukraine With €18 Billion in 2024
- Money Funds Topping $6 Trillion Is a Bearish Sign for Stocks
- $560B Property Warning, Bank Slump is Over: Financials Wrap
Keep an eye on :
Keep an eye on :
- ADP FP : Dassault, ADP Partner on Sustainable Fuel at Paris-Le Bourget
- AFRY SS : AFRY AB 4Q Operating Profit Beats Estimates
- AF FP : KLM Equipment Services Becomes Part of TCR International NV
- AMZN US : Amazon Gains After Robust Sales, Strong Profit Outlook
- AS US : Amer Sports to Focus on Growth After Frustrating Share Offer
- 2020 HK : Anta Sports Gains After Amer Sports Rises in US Debut
- AAPL US : Apple China Slowdown Sparks Fears That Prized Market Is at Risk
- Athene Airport IPO : Greece Is Said to Raise €785 Million in IPO of Athens Airport
- ATGE US : Short-Seller Target Adtalem Halted for Trading on Pending News
- BNP FP : BNP Paribas Plans to Hire Nordic Bankers to Capture ESG Business
- BP/ LN : Fuel Prices in US Start to Rise as BP Shuts Major Refinery
- BRNK GY : Branicks Says Bridge Lenders Agreed to Suspend Some Conditions
- CABK SM : CaixaBank 4Q Net Income Misses Estimates
- CLASP SP : BlackRock JV Bought CapitaLand Ascott’s Citadines Mount Sophia
- CLX US : CLOROX CLIMBS 4.7% POSTMARKET AFTER BOOSTING FORECAST
- DANSKE DC : Danske Bank Sees 2024 Net Income DKK20B to DKK22B
- AM FP : Dassault, ADP Partner on Sustainable Fuel at Paris-Le Bourget
- DIS US : Peltz Makes Pitch for Restarting Disney’s Creative Engine
- ELI BB : Elia Group to Invest $400m in EnergyRe Giga Projects
- EMN US : Eastman Chemical 4Q Adjusted EPS Beats Estimates
- ENI IM : Indonesia, Eni Sign MoU on Biofuels, Carbon Capture Development
- EOAN GY : E.On Prelim FY Adjusted Ebitda Beats Estimates
- EOAN GY : EON's 2023 Profit Boom Unlikely to Solve Growth Concerns: React
- RACE IM : FERRARI SHARES POST RECORD 13% GAIN TO CLOSE AT A NEW HIGH
- RACE IM : Lewis Hamilton to Join Ferrari F1 Team in 2025, Leaving Mercedes
- GRF SM : Grifols Board to Limit Founding Family’s Power: El Confidencial
- HNSA SS : Hansa Biopharma 4Q Net Loss SEK126.2M, Est. Loss SEK212.7M
- HUSQB SS : Husqvarna 4Q Adj. Oper Loss SEK168M, Est. Loss SEK324.1M
- HOLX US : Hologic: Genius Digital Diagnostics System Gets FDA Clearance
- IDR SM : Indra Hires AZ Capital to Buy Stake in Tankmaker JV: Expansion
- BAER SW : Inside Julius Baer’s Failed Gamble on Benko’s Real Estate Empire
- LDO IM : Leonardo Defense to the Fore; Opportunity Is Multiyear: BI Focus
- LEHN SW : Lem Cuts FY Sales Forecast, Misses Estimates
- LIFCOB SS : Lifco 4Q Net Sales Misses Estimates
- EMG LN : Man Group Drops GLG Brand and Boss Under New CEO’s Revamp
- MAT US : Activist Urges Mattel to Seek Options for Fisher-Price, American
- MOVE SW : Medacta FY Revenue Meets Estimates
- MBG GY : Mercedes Prelim FY Industrial Free Cash Flow Beats Estimates
- META US : Meta Platforms Soars After ‘Spectacular’ Results --> +15%
- META US : Zuckerberg to Get $700 Million a Year From Meta’s New Dividend
- MUSTI FH : Flybird Extends Musti Group Tender Offer to Expire Feb. 15
- NVDA US : Nvidia CEO Says Nations Seeking Own AI Systems Will Raise Demand
- PUB FP : Publicis Health Sees $213m Charge for Opioid Related Settlement
- SBBB SS : SBB’s Associated Company PPI Is Investigating IPO, Oslo Listing
- STLAM IM : Italy Jan. New Car Sales Rise 10.61% Y/y
- SDRY LN : Hedge fund builds stake in Superdry
- 4502 JP : Takeda Shares Edge Higher as 3Q OP Beats Estimates: Street Wrap
- TOM2 NA : TomTom Sees 2024 Revenue EU570M to EU610M, Est. EU592M
- TRELB SS : Trelleborg 4Q Adjusted Ebita Beats Estimates
- UBSG SW : Ex-UBS Banker’s New Hedge Fund to Bet on Share Sale Rebound
- UBSG SW : Ex-UBS Banker’s New Hedge Fund to Bet on Share Sale Rebound
- X US : U.S. Steel 4Q Net Sales Beats Estimates: Snapshot
- VK FP : Vallourec Prelim 4Q Ebitda Above EU275M, Est. EU221M
- VOW GY : Volkswagen Investing $1.8 Billion in Brazil, Betting on Hybrids