US futures declined along with Asian equities Thursday as Treasury yields continued to edge higher following another round of hawkish comments by Federal Reserve officials. Euro Stoxx 50 contracts were little changed ahead of European inflation data due later in the day. The rate on benchmark 10-year US government debt consolidated above 4% during Asian trading, weighing on shares from Tokyo to Hong Kong and Mumbai. Hong Kong-listed Chinese technology companies were among the hardest hit, sliding more than 1.5%, after a sharp rally on Wednesday. Swaps markets are now pricing in a peak US policy rate of 5.5% in September, with some traders betting it may reach 6%. That’s damping appetite for risk taking in markets around the world, even as China offers hope with its economy recovering markedly after Beijing abandoned its Covid-zero policy. China’s successful reopening is a much-needed bright spot for investors but in terms of inflation “adds cyclical upside pressure because of the sheer amount of demand” that it brings, especially in commodities, Charu Chanana, senior markets strategist at Saxo Capital Markets, said on Bloomberg Television. The dollar rose against its Group-of-10 counterparts, with the currencies of raw materials and energy exporters like Australia, New Zealand and Norway showing the biggest falls. The offshore yuan weakened after being one of the most notable gainers versus the dollar Wednesday, when it rallied more than 1% in its largest advance since November. The trigger for higher yields was Fed officials on Wednesday reinforcing their hawkish stance. Atlanta Fed’s Raphael Bostic called for continued rate hikes to above 5% to make sure inflation doesn’t pick up again. Minneapolis Fed President Neel Kashkari, meanwhile, said he’s concerned that there isn’t much of an indication that the central bank’s rate hikes are slowing down the services sector. Oil was slightly lower after a two-day gain as traders weighed the potential revival in Chinese demand against concerns over tighter US monetary policy. Gold was down marginally after a three-day advance. US After Hours CRM +14.9% jumps following earnings; OKTA +12.8%, AEO +6.8% also higher on earnings; FNKO -26.8%, AVID -16%, BOX -9.3%, AAN -8%, SNOW -6.9% lower on earnings; SI -32.5% down sharply on going concern.
Nikkei -0,06% Hang Seng -0,87% CSI -0,29% Shanghai -0,10% Shenzen -0,60%
Eur$ 1,0639 CNH 6,9085 CNY 6,9008 JPY 136,68 GBP 1,1987 CHF 0,9427 RUB 75,3025 TRY 18,8776 WTI$ 77,51 -0,20% Gold 1,832,50 -0,22% BTC 23,461-0,40% ETH 1,647,50
S&P -0,48% Nasdaq -0,56% EuroStoxx -0,19% FTSE +0,18% Dax _0,21% SMI +0,08%
Macro :
- FTSE 100 Index to Remain Unchanged After Final Quarterly Review
- EU Seeks to Salvage Combustion-Engine Ban After Germany Balks
- Morgan Stanley Strategists Say Europe Firms Post Healthy Results
- Stoxx 600 Adds Embracer, Sydbank, BPER Banca, Technip Energies
Keep an eye on :
Keep an eye on :
- AIR FP : SpaceX Launches Latest International Crew to Space Station
- ARL GY : Aareal Bank 2023 Net Interest Income Forecast Beats Estimates
- ABI BB : AB InBev Earnings Gain Helped by Budweiser Maker’s Premium Beers
- ARGX BB : Argenx 4Q Vyvgart Sales Beats Estimates
- AZE BB : Azelis FY Revenue Meets Estimates (1)
- BFSA GY : Befesa FY Adjusted Ebitda Misses Estimates
- CLN SW : Clariant Sees 2023 Sales About CHF5B, Est. CHF5.04B
- COTN SW : Comet FY Dividend per Share CHF3.70 Vs. CHF3.50 Y/y
- 1COV GY : Covestro 1Q Ebitda Forecast Misses Estimates
- DUELL FH : Duell Offering of 5.09m Shares Prices at EU1.70/Share
- EDP PL : EDP FY Net Income Misses Estimates
- EDP PL : EDP Offers to Buy EDP Brasil Stock It Doesn’t Own for R$24/Shr
- EQS GY : Semperit Plans up to €5/Share Dividend After Medical Unit Sale
- EQT SS : *EQT IS SAID TO PAY $15 PER SHARE FOR RADIUS GLOBAL
- EVK GY : Evonik Sees 2023 Adjusted Ebitda EU2.1B to EU2.4B, Est. EU2.25B
- FORN SW : Forbo FY Ebit Misses Estimates
- FUTR LN : Future Plc Sinks After Losing Clean Sweep of Buy Ratings
- GALP PL : Galp Says Brazil Tax May Have €50m Impact on Petrogal Brasil
- GFT GY : GFT Sees 2023 Pretax Profit EU72M
- HLAG GY : Hapag-Lloyd FY Dividend per Share Beats Estimates
- HEX NO : Hexagon Purus Completes Offering, Raises About NOK1.3b
- HYVE LN : Hyve Shareholders Say Providence Bid Isn’t Fairly Valued: FT
- ICAD FP : Icade Appoints Nicolas Joly as CEO
- IFCN SW : Inficon FY Dividend per Share CHF18 Vs. CHF21 Y/y
- KARN SW : Kardex FY Ebit Beats Estimates
- KGX GY : Kion Sees 2023 Adjusted Ebit at Least EU550M, Est. EU500.7M
- LSEG LN : LSE FY Fixed Income, Derivatives & Other Revenue Meets Estimates
- MT IM : Maire Tecnimont FY Net Income Meets Estimates
- MRK GY : Merck KGaA 4Q Adjusted Ebitda Misses Estimates (1)
- MBTN SW : Meyer Burger Sees Positive Group Result on 2023 Ebitda
- MITRA BB : Mithra Says Preclinical Data Confirm CSF-1R Inhibitors Potential
- BMPS IM : Monte De Paschi to Join Italy’s FTSE MIB, Buzzi Unicem to Leave
- NOVOB DC : Diabetes Price Pressure a Constant as Payors Pit Lilly vs. Novo
- PSH NA : Pershing Square Holdings Feb. Net Performance -4.4%
- PRX NA : Prosus Plans OLX Autos Exit to Help Profitability of Classifieds
- PURP LN : Purplebricks Founder Bruce Exploring Takeover of Firm: Sky
- RADI US : *EQT IS SAID TO PAY $15 PER SHARE FOR RADIUS GLOBAL
- ROCKB DC : Rockwool Says Its Products Aren’t on 2014 Russia Sanctions List
- RBREW DC : Royal Unibrew's Profit Needs Consumers Lifting Volume: React
- SAN FP : Sanofi, Novo Nordisk Should Also Cut Insulin Price: Sen. Sanders
- SCR FP : Scor 4Q Net Income Beats Estimates
- SMCP FP : SMCP FY Adjusted Ebitda Misses Estimates
- SUBC NO : Subsea 7 4Q Adjusted Ebitda Beats Estimates
- SWON SW : SoftwareONE Sees 2023 Adjusted Ebitda Margin 24% to 25%
- ALTER FP : Theradiag Names Policard as Chairman, Davière as CEO
- TE FP : Technip Energies FY Adjusted Recurring Ebit Beats Estimates
- TIT IM : Telecom Italia to Reorganize Enterprise Unit Ahead of Spinoff
- URW NA : Unibail-Rodamco-Westfield Seeks Buyers for San Diego Property
- BZU UM : Monte De Paschi to Join Italy’s FTSE MIB, Buzzi Unicem to Leave
- UCG IM : UniCredit Raises CEO Orcel Target Pay by 30% After Strong Year
- VACN SW : VAT FY Net Sales Matches Estimates
- VK FP : Vallourec 4Q Ebitda Beats Estimates
- VLA FP : Valneva Says Covid-19 Vaccine Shelf Life Extended to 21 Months
- VIE FP : Veolia Lifts Dividend by 12% as Profit Jumps on Rising Demand
- VOW GY : VW to Combine Volkswagen Financial Services and Volkswagen Bank
- VZN SW : VZ Holding FY Operating Revenue CHF413.9M Vs. CHF388.9M Y/y
- ZEAL DC : Zealand Pharma FY Revenue Misses Estimates