US stock futures advanced along with Asian equities after a deal was reached on the weekend to avoid an American government shutdown. Traders are waiting to hear Federal Reserve Chief Jerome Powell’s remarks for any clues on how much further rates will need to rise. Futures contracts on the S&P 500 raced higher Monday after US lawmakers late on Saturday passed compromise legislation to keep the government running until Nov. 17. Japanese stocks rose, while a number of Asian markets including China and South Korea were shut for holidays. Investors also found a measure of relief after data over the weekend showed China’s manufacturing activity expanded for the first time in six months, adding to signs some parts of the nation’s economy are finding a footing again. South Korea reported a slower decline in exports. While markets are gaining some relief from the US deal, attention will quickly shift to Powell as he speaks in a discussion later Monday. US manufacturing activity and jobs data will also be in the spotlight this week after the head of the New York Fed said Friday policymakers should leave interest rates high for some time. A gauge of dollar strength was little changed. Treasury yields climbed across the curve, with those on 10-year debt rising four basis points to 4.61%. Five-year yields rose by a similar amount to 4.66% to close in on a 16-year high again. The Bank of Japan announced it will conduct additional buying operation for government bonds on Wednesday. The 10-year bond futures trimmed losses on the notice and the yen remained weak at around 149.8 per dollar. Earlier the government bonds fell and stocks were boosted after Japan’s quarterly Tankan survey showed confidence among large manufacturers picked up more than expected, and a summary of the central bank’s policy meeting last month showed signs that officials were more positive about considering revising policy.
Meanwhile, stock gains on the first trading day of October may put a temporary stay on a torrid period for global financial markets. Elevated interest rates made the July-to-September quarter the worst for MSCI’s all-country stock index since September 2022 as surging oil prices added fears over inflation and slowing economic growth. oil rose on speculation global demand is running ahead of supply.
Nikkei +0.13% Hang Seng Closed CSI Closed Shanghai Closed Shenzen Closed
Eur$ 1.0562 CNH 7.3073 CNY 7.2980 JPY 149.66 GBP 1.2178 CHF 0.9160 RUB 97.5511 TRY 27.4630 WTI$ 90.94 Gold 1,841 BTC 28,010 +3.28% ETH 1,720 +2.70%
S&P +0.36% Nasdaq +0.52% EuroStoxx -0.26% FTSE -0.33% Dax -0.11% SMI -0.10%
Macro :
- Bitcoin Breaks Back Above Key $28,000 Level
- Europe Telcos Ask EU to Make Big Tech Pay More for Networks: FT
- Ackman Wins Regulatory Approval for Blank-Check Rights Company
- Ackman Wins Regulatory Approval for Blank-Check Rights Company
- UK Considers Copy of Canada’s Growth Fund to Boost Investment
- Turkey Ministry Hit by Bomb Attack on Parliament Opening Day
- Pro-Russia Fico Wins Election in Slovakia in Blow to Ukraine
- Polish Opposition Takes to the Streets to Energize Campaign
- European Growth Stocks Look Oversold, Citi’s Manthey Says
Keep an eye on :
Keep an eye on :
- ABVX FP : Abivax Files for US IPO, Seeking Nasdaq Listing
- AAPL US : Apple Says Software, Apps Behind IPhone Overheating; Fix Coming
- ARYN SW : Aryzta FY Revenue Meets Estimates
- SPR GY : Axel Springer Keen to Join £600 Million Telegraph Auction: Sky
- BA/ LN : BAE Systems wins £3.95bn contract for Aukus nuclear submarines
- BBVA SM : BBVA Notifies Commencement of €1B Share Buyback
- BPT LN : Bridgepoint Mulls Sale of Humanetics for $1.5b With Debt: Rtrs
- BPT LN : Bridgepoint Mulls Sale of Humanetics for $1.5b With Debt: Rtrs
- CO FP : Casino Completes Sale of 61 Stores for €209M Ent. Value
- CLASB SS : Clas Ohlson Buys Spares From Verdane For Valuation of SEK500m
- DBK GY : Germany’s BaFin to Send Special Monitor to Deutsche Bank: HB
- DISH US : Dish Has Met Wireless Network Deadlines, FCC Says
- EOAN GY : Germany is failing to protect power groups from cyber attacks, warns Eon boss
- GSK LN : GSK, Pfizer $2 Billion 2023 RSV-Vaccine Sales Scope Overlooked
- NK FP : Announces that the intended sale of its assets serving the paper market to Syntagma Capital is highly unlikely to materialize
- KNEBV FH : Kone CEO Henrik Ehrnrooth to Step Down in First Half of 2024
- LULU US : SoftBank-Backed Lululemon Rival Vuori Said to Plan IPO Next Year
- MC FP : Arnault’s Lawyer Says Money Laundering Allegations Are Unfounded
- MANTA FH : Mandatum to Start Trading in Helsinki After Sampo Demerger
- MAU FP : Maurel & Prom to Review Expansions of ESG Programs In Gabon
- NXI FP : Nexity Considers Selling a Stake in Services Unit: Les Echos
- NDA FH : Nordea Beefs Up Workout Unit to Brace for More Company Failures
- NOVN SW : Novartis Iptacopan Study Meets Interim Analysis Primary Endpoint
- Planisware IPO : Planisware to Price IPO Between €16 and €18 Per Share
- TW/ LN : Weak UK Housing Could Need 4% Mortgage Rates for Market to Thaw
- TIT IM : European telecom groups ask Brussels to make Big Tech pay more for networks
- UBSG SW : UBS Says ‘Not Aware’ of DOJ Probe of Russia Sanction Compliance
- UBSG SW : UBS Reaches Settlement With Mozambique Over Tuna-Bond Scandal
- UN01 GY : Uniper CEO Expects to Repay KfW Loan Shortly: Rheinische Post
- VWS DC : Vestas 3Q Orders Seen at €5 Billion With More to Come: Sydbank
- VOMVB SS : UAW Says Nearly 4,000 Members at Mack Trucks Have Tentative Pact