Asian stocks drifted lower, US futures fluctuated and contracts for Europe rose marginally in listless trading Thursday. The dollar and Treasuries were confined to range-bound trading. A key indexes around Asia held to moves of less than 1%, underscoring the subdued trade. Declines in Japanese and Chinese stocks were partly attributed to quarter-end rebalancing. Australian and South Korean markets eked out increases. An initial advance in Hong Kong-listed tech companies fizzled as a rally in Alibaba Group Holding Ltd. evaporated. Chief executive Daniel Zhang said the company would consider gradually giving up control of some of its main businesses. His short briefing Thursday came after an overhaul announced earlier in the week that sparked a 12% rally in the stock on Wednesday. Contracts for the region-wide Euro Stoxx 50 benchmark climbed around 0.2% while those for the S&P 500 and Nasdaq 100 swung between small gains and losses. The muted action contrasted with gains overnight on Wall Street that pushed the Nasdaq 100 into a bull market amid bets that a peak in interest rates is near and bank turmoil will continue to ease. The index rose 1.9%, which cemented its 20% rebound from a low in December. The tech-heavy index, which includes Apple Inc., Microsoft Corp., and Amazon.com, closed at the highest level since August in a sign investors are preparing for the Federal Reserve to end its interest rate hiking cycle and potentially pivot to looser policy later this year. The dollar pared an earlier advance in Asia on Thursday after strengthening as investors digested the latest remarks by Fed officials and looked ahead to core PCE data for clues on how the Fed’s next move. Investors now expect US rates to sit around 4.3% by the end of the year, around 70 basis points lower than the current level. oil held its drop as lagging US diesel demand overshadowed a disruption to shipments from Turkey. Gold fell for a second day and Bitcoin hovered above $28,000. US After Hours STIX +12% up on repurchase authorization; CXM +7.5% trading higher on earnings; PACW +3% after joining S&P SmallCap 600; SMTC -8.8%, CNXC -5.6% (also combining with Webhelp), and RH -4.9% down on earnings.
Nikkei -0,74% Hang Seng +0,16% CSI +0,28% Shanghai +0,20% Shenzen +0,05%
Eur$ 1,0841 CNH 6,8885 CNY 6,8868 JPY 132,48 GBP 1,2319 CHF 0,9181 RUB 77,2875 TRY 19,1497 WTI$ 72,95 Gold 1,964 BTC 28,626 +0,75% ETH 1,797
S&P +0,11% Nasdaq +0,02% EuroStoxx +0,6% FTSE +0,41% Dax +0,63% SMI
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Keep an eye on :
Keep an eye on :
- 1U1 GY : 1&1 Sees 2023 Ebitda About EU655M, Est. EU687.9M
- BABA US : Alibaba Weighs Ceding Control of Some Businesses Over Time (1)
- ANTIN FP : Antin, Scandinavian Enviro Systems Create Tire Recycling JV
- BYW6 GY : BayWa 2023 Ebit Forecast Misses Estimates
- BIM FP : BioMerieux Holder Sitam Belgique Offers 946,890 Shares: Terms
- CO FP : Casino Raises Stake in Smart Good Things To 14.7%
- CWC GY : Cewe Stiftung Sees 2023 Revenue EU720M to EU780M, Est. EU755.6M
- CSGN SW : Credit Suisse Board Withdraws Some Proposals Ahead of AGM
- EDP PL : Europe Isn’t Investing Enough in Renewable Energy, EDP CEO Says
- ERICB SS : Ericsson CEO, Directors Lose Liability Vote Over Iraq Scandal
- FAST NA : Fastned FY Revenue Related to Charging EU36.0M Vs. EU12.4M Y/y
- GALE SW : Galenica Boosts FY Adjusted Ebit Forecast
- GBLB BB : *CONCENTRIX TO ACQUIRE WEBHELP IN DEAL VALUED AT ABOUT $4.8B
- HMB SS : H&M 1Q Gross Profit Beats Estimates
- IVG IM : Iveco to Transfer Nordic Retail Business to Hedin Mobility Group
- JDEP NA : JDE Peet’s Holder Mondelez Offers Shares: Terms
- BNB BB : National Bank of Belgium FY Loss €580M VS. Profit €355M Y/y
- NDA SS : Nordea’s New Chair Sees No Need for New Principal Owner: DI
- PST IM : Poste Italiane Boosts 2023 Ebit Forecast, Meets Estimates
- PRX NA : Prosus Reports Bekker’s Trust Sold 2.5m Shares for About EUR173m
- PUUILO FH : Puuilo 4Q EPS EU0.080
- SFOR LN : S4 Capital FY Adjusted Pretax Profit Meets Estimates
- SFOR LN : S4 Capital FY Adjusted Pretax Profit Meets Estimates
- SFQ GY : SAF-Holland SE Sees 2023 Adjusted Ebit Margin 7.5% to 8.5%
- SAE GY : Galenica to Hold 8% of Shop Apotheke Europe as Companies Form JV
- S92 GY : SMA Solar FY Ebitda EU70M Vs. EU8.5M Y/y
- S92 GY : SMA Solar Could See 2023 Sales Rebound on Strong Backlog: React
- SSABA SS : SSAB Now Among Preferred Steel Stocks at MS, Salzgitter Cut
- TIT IM : Telecom Italia Top Investor Wants Shareholder Vote on Grid Deal
- TRMDA DC : Torm Holder Ocm Njord Holdings Sarl Offers 5m Shares
- UTDI GY : United Internet Sees 2023 Sales About EU6.2B, Est. EU6.1B
- VWS DC : Vestas Wins Biggest Onshore Order With 1.3GW Contract (1)
- VOD LN : Vodafone Seeks to Cut About 1,300 Jobs in Germany: Handelsblatt
- VOD LN : Vodafone Seeks to Cut About 1,300 Jobs in Germany: Handelsblatt