Asian stocks advanced Friday, led by gains in Hong Kong-listed technology companies amid a buoyant tone in markets as traders look to the Federal Reserve to pause interest rate hikes in June. Shares also climbed in Japan, Australia and mainland China, while US futures ticked up following rallies for the S&P 500 and the Nasdaq 100 Thursday. A renewed surge in tech giants fueled the moves on Wall Street ahead of jobs data that’s projected to show a slowdown. News that Congress had passed legislation to avert a US default added to the buoyant mood. Hong Kong’s Hang Seng index rose more than 3%, pulling the benchmark back from the brink of a bear market following concerns about Chinese growth.
Despite stronger-than-expected manufacturing figures Thursday, and the gains in Hong Kong equities Friday, investors remain cautious on the outlook for China. South Korea’s Kospi index was headed for a bull market territory following a gain of around 20% from a recent low in September. India’s Sensex is near an all-time-high and Philippines equities pulled back from the cusp of a 10% correction. The dollar declined, adding to the biggest drop in more than two months in the prior session. The won strengthened after South Korean economic growth numbers outpaced estimates slightly while inflation came in softer than expected. Traders are betting the monthly US jobs report later on Friday will bring enough moderation in the pace of hiring to allow the Fed to pause its tightening policy. US After Hours MDB +20.8%, LULU +13.3%, FIVE +4.8% higher on earnings; S -35.6%, PD -15.3%, ESTC -6.8%, GWRE -5.5%, AVGO -1.3% lower on earnings; SSYS +6% on competing bid.
Nikkei +1.11% Hang Seng +3.77% CSI +1.36% Shanghai +0.79% Shenzen +1.18%
Eur$ 1.0768 CNH 7.0900 CNY 7.0769 JPY 138.82 GBP 1.2536 CHF 0.9046 RUB 81 TRY 20.8822 WTI$ 70.50 +0.88% Gold 1,980 +0.14% BTC 27,027 +0.59% ETH 1,885 +0.82%
S&P +0.21% Nasdaq +0.26% EuroStoxx +0.52% FTSE +0.27% Dax +0.52% SMI +0.24%
Macro :
Macro :
- Fed’s Higher-for-Longer Resolve Put to Test With Payrolls
- Azelis, SFS, NKT, New WH Smith, SSP to Join Stoxx 600
- Azelis, SFS, NKT, New WH Smith, SSP to Join Stoxx 600
- Stoxx 600 :
--> In : Azelis Group, SFS Group, NKT, New WH Smith, SSP Group, Technoprobe, InPost and Santander Bank Polska
--> In : Azelis Group, SFS Group, NKT, New WH Smith, SSP Group, Technoprobe, InPost and Santander Bank Polska
--> Out : United Internet, ALK-Abello, Future, Aroundtown, SBB, Sinch, Wallenstam and Hexatronic
- Peltz’s Son-in-Law, Trian Co-Founder Garden to Leave Firm
- AI Not Enough to Unhinge Stoxx 600 Sentiment From China Weakness
Keep an eye on :
- ADS GY : Lululemon Rallies After Boosting Forecast -->+ve ADS
- ADS GY : Niche Running Shoes Like Hoka, On Are Trouncing Industry Giants
- ADP FP : France Asks Airlines to Cut Third of Paris-Orly Flights Tuesday
- ALO FP : Alstom Signs Citadis Contract With SEPTA; Base Value €667m
- AZE BB :
- BOL FP : Bolloré: 99.1m Shares Tendered to Simplified Cash Tender Offer
- CPR IM : Lagfin Offers ~€535M Bonds Exchangeable for Campari Stock
- DPH LN : EQT Said to Near Deal for Vet Drugmaker Dechra Pharmaceuticals
- ALCRB FP : Carbios & Indorama Ventures Form JV to Construct Plant in France
- ALCRB FP : Carbios & Indorama Ventures Form JV to Construct Plant in France
- CNA LN : Centrica Holder Abrdn to Oppose CEO’s Pay Package: Sky
- DUFN SW : Dufry Says Threshold for Autogrill Delisting Crossed
- ENG SM : Enagas to Buy 10% Stake in Germany’s Hanseatic Energy Hub
- FCC SM : CPP Investments to Buy 24.99% of FCC Medio Ambiente for €965m
- MC FP : Arnault Loses $25 Billion in Wealth as Luxury Bull Case Doubted
- NKE US : Niche Running Shoes Like Hoka, On Are Trouncing Industry Giants
- NKE US : Nike’s Return to Wholesale May Signal Shift From DTC: Piper
- PSH NA : Pershing Square Holdings May Net Performance -1.8%
- SBBB SS : SBB’s CEO Heads to London in Need of Buyers to Save His Company
- S US : SentinelOne Plunges 36% After Disappointing Report
- STLA IM : Stellantis Says No Need for Italy Among Investors: Radiocor
- SSYS US : Stratasys: 3D Proposed Buyout for $7.50 in Cash, 1.2507 Shrs
- TKO FP : Tikehau Targets Real Estate Debt Squeeze With €1 Billion Fund
- UNI SM : Spanish Bank Unicaja’s CEO Menendez To Step Down (1)
- VOW GY : Videoconference in Your Audi: VW to Add Webex App to Some Models
- WHATS BB : What’s Cooking Won’t Proceed With Imperial/Stegeman Acquisition