Oil advanced after tensions in the Middle East flared up with Iran firing a barrage of missiles at Israel. Asian stocks gained, led by Hong Kong, as China’s stimulus measures continued to sway investors. Crude extended gains while gold held near a record. Equities in Japan and South Korea declined following Tehran’s sharp but brief strike in reprisal for Israel’s attacks on Lebanon in recent days. The Israel Defense Forces said many of the missiles had been intercepted as Prime Minister Benjamin Netanyahu vowed to retaliate. The broad risk-off mood came as geopolitical tensions racheted up in the Middle East and as traders await further clarity over Israel’s response. The flight to safety has sent oil, haven assets higher and stocks lower. Meanwhile, Chinese shares overcame cautious risk sentiment, extending a stimulus-induced rally as traders returned from a public holiday, driven by optimism about China’s economy and attractive valuations. Markets in mainland China remain shut for Golden Week. The Taiwanese stock market is also closed as Super Typhoon Krathon approaches the island. An index of Chinese stocks rose as much as 6.5%, the most since November 2022, as it headed for a 13th straight winning session. Chinese property stocks extended gains on Wednesday after Beijing followed other major cities in China in relaxing home purchase rules. The Middle East conflict drove the Wall Street’s fear gauge — the VIX — higher on Tuesday, touching a key level that usually indicates more market swings are in store. Australian and New Zealand government bonds rose, along with Asian defense and energy shares. In corporate news, Samsung Electronics Co. is laying off workers as part of a plan to reduce global headcount by thousands of jobs. Elsewhere, South Korea’s inflation slowed more than expected, supporting the case for a pivot to monetary easing by the central bank when it sets policy next week. Meanwhile, euro-area inflation slowed below the European Central Bank’s 2% target for the first time since 2021, prompting money markets to add to bets on another quarter-point decrease by the ECB this month. US After Hours CRGY +7.4% up big on inclusion in S&P SmallCap 600; NKE -6.1% slipping on Q1 results and withdrawn FY25 guidance.
Nikkei -2.35% Hang Seng +4.99% CSI Closed Shanghai Closed Shenzen Closed
Eur$ 1.1067 CNH 7.0145 CNY 7.0187 JPY 143.85 GBP 1.3282 CHF 0.8463 RUB 95.7955 TRY 34.2016 WTI$ 70.93 +1.59% Gold 2;655 -0.32% BTC 61,500 +1.17% ETH 2,484 +1.33%
S&P -0.31% Nasdaq -0.40% EuroStoxx +0.18% FTSE +0.13% Dax +0.06% SMI +0.25%
Macro :
- Buybacks Reach $90.4 Billion, Second-Most for September: Birinyi
- Brazil Raised to Ba1 By Moody’s, Outlook Remains Positive (1)
Keep an eye on :
Keep an eye on :
- AGS BB : Saga in Talks With Ageas About a Deal for Insurance Arm: Sky
- AF FP : France Plans to Raise Tax on Plane Tickets: Les Echos
- AAPL US : Apple Readies New iPhone SE and iPads for Release in Early 2025
- ASM NA : ASM Risks Bigger Order Decline From Samsung Than Intel: React
- BARC LN : Activist Investors’ Strategy Demands See US CEOs Depart Quicker
- BARC LN : Activist Investors’ Strategy Demands See US CEOs Depart Quicker
- BBVA SM : BBVA Adjusts Sabadell Offer Due to Dividend Payouts
- BRE IM : Brembo Sells Its Entire Stake in Italian Tiremaker Pirelli
- COR PL : Corticeira Amorim Says Saci Agrees to Acquire Intercap
- ENOG LN : ISRAEL'S KARISH GAS FIELD REMAINS OPERATIONAL, ENERGEAN SAYS
- RF FP : Eurazeo Says Grape Hospitality Sold 22 Hotels
- ENX FP : Euronext Buys Acupay; No Terms
- G1A GY : GEA Group Targets 17% to 19% Ebitda Margin by 2030, RoCE of >45%
- GLJ GY : Grenke 3Q Leasing New Business Volume EU738.5M Vs. EU591.1M Y/y
- Hotelbeds IPO : Hotelbeds Further Delays €4B IPO to at Least 1Q: El Confidencial
- IDR SM : Indra Plans to Sell Majority Stake in IT Unit Minsait: Expansion
- NKE US : Nike Reset Awaits New Strategic Direction as Sales Fall: React
- EUZ GY : Pentixapharm Holding Raises €19.9 Million in Frankfurt IPO
- PIRC IM : Brembo Sells Its Entire Stake in Italian Tiremaker Pirelli
- 1913 HK : -3.75% in HK
- R3NK GY : Renk Group Holder Offers Around €350m Shares: Terms
- SAGA LN : Saga Delays 1H Results As It Explores Partnership Opportunities
- SAGA LN : Saga in Talks With Ageas About a Deal for Insurance Arm: Sky
- SAN FP : Sanofi Is Said to Ask Bidders to Revise Consumer Health Offers
- SAN FP : Sanofi Is Said to Ask Bidders to Revise Consumer Health Offers
- F3C GY : SFC Energy to Buy Certain Ballard Power Systems Assets
- SMCP FP : SMCP Appoints Ida Simonsen President and Chief Executive Officer for North America - WWD
- 6750 JP : Pink Floyd Agrees to Sell Music Rights to Sony for $400m: FT
- VOW GY : Audi Struggles to Find Investor for Brussels Car Factory
- VOW GY : VW Budget Brand Unveils €33,000 Electric SUV in Answer to BYD