The yen weakened after the Bank of Japan made only minor changes to its yield-curve-control settings, disappointing some in the market who had hoped for a further winding back of its accommodative monetary policy stance. Japan’s currency slipped as much as 0.7% to 150.10 per dollar, while 10-year bond futures pared losses and stocks rose following the decision that also saw the central bank keeping its cap on long-term yields at 1% and leaving its negative interest rate untouched. The dollar gained. The BOJ will take a more flexible approach to controlling yields on 10-year government debt, according to its statement. That marks a shift from a previous pledge to conduct daily bond buying operations at 1%, a stance that effectively drew a line in the sand at that level. The Nikkei had earlier reported the BOJ would consider letting yields climb above its 1% cap. sian stocks were mostly lower after a gauge of China’s factory activity slid back into contraction in October. Hong Kong and mainland Chinese shares both dropped and the offshore yuan weakened. The dollar strengthened versus all its Group-of-10 peers, extending gains immediately after the BOJ decision. Treasury yields dropped after the statement, before paring their decline. The US Treasury on Monday reduced its estimate for federal borrowing for the current quarter, citing stronger-than-expected revenue. Australian bonds fell, pushing 10-year yields closer to 5%. The benchmark yield hasn’t breached that level since July 2011. Oil edged higher in Asia after sliding Monday due to signs the Israel-Hamas war will remain contained while demand may be softening. Foxconn Industrial Internet Co. rose in Shanghai after reporting a higher-than-expected profit margin as it made more AI server-related products. Bank of China Ltd. also gained following its third-quarter results. US After Hours PINS +13%, WOLF +11.5%, LUNG +10.3% all up double-digits on earnings; LSCC -16%, VFC -7.5%, CHGG -5.3% falling on earnings; WDC -5.5% down after convertible offering.
Nikkei +0.53% Hang Seng -1.47% CSI -0.26% Shanghai -0.03% Shenzen -0.50%
Eur$ 1.0598 CNH 7.3280 CNY 7.3174 JPY 150.18 GBP 1.2145 CHF 0.9022 RUB 92.6590 TRY 28.2738 WTI$ 82.72 +0.52% Gold 1,994 -0.10% BTC 34,283 -0.43% ETH 1,802+0.07%
S&P -0.23% Nasdaq -0.45% EuroStoxx +0.27% FTSE +0.09% Dax +0.28% SMI -0.15%
Macro :
- JPMorgan’s Kolanovic Says Earnings Estimates Divorced From Risks
- Britons in Most Arrears Since Financial Crisis, Credit Firm Says
Keep an eye on :
- ABI BB : AB InBev 3Q Organic Adjusted Ebitda Beats Estimates
- AED BB : Aedifica Sees FY EPRA EPS at Least EU4.95, Saw EU4.85
- AMS SW : AMS-Osram 4Q Revenue Forecast Misses Estimates
- MT NA : ArcelorMittal Temirtau to Be Transferred to Govt in Nov.: IFX
- ARGX BB : Argenx 3Q Vyvgart Sales Beats Estimates
- CS FP : Threat of Haywire AI Feeds Calls for Development Pause, AXA Says
- BAS GY :
- BSLN SW : Basilea Buys Option to License Tonabacase at Pre-agreed Terms
- BBVA SM : BBVA 3Q Net Income Beats Estimates
- BCP PL : BCP 9M Net Income EU650.7M Vs. EU97.2M Y/y
- EN FP : Bouygues 9M Current Operating Income Beats Estimates
- BP/ LN : BP 3Q Adjusted Ebit Misses Estimates
- BCHN SW : Burckhardt 1H Ebit CHF44.9M Vs. CHF35.5M Y/y
- CARLB DC : Carlsberg Maintains FY Organic Operating Profit Forecast
- CO FP : Casino 3Q Net Sales EU4.56B
- CO FP : Moody’s Withdraws Casino’s Ratings For Own Business Reasons
- DSFIR NA : DSM-Firmenich 3Q Adjusted Ebitda EU409M Vs. EU599M Y/y
- EDF FP : EDF to Submit Offer to Build Reactor in Czech Republic: Echos
- EDP PL : EDP Renovaveis 9M Net Income EU445M Vs. EU416M Y/y
- EMSN SW : EMS-Chemie 9M Net Sales CHF1.70B Vs. CHF1.87B Y/y
- ELE SM : Endesa 9M Net Income EU1.06B Vs. EU1.65B Y/y (1)
- ENGI FP : Engie Acquires 545 MWac of Solar Assets in Brazil for €618M
- FINS LN : Financials Acquisition Corp. Plans to Merge With LIU
- GALP PL : Portugal’s Galp to Defend Rights Regarding Venture Global LNG
- NK FP : Imerys Sees FY Adjusted Ebitda Low End of EU630M to EU650M
- IDR SM : Indra 3Q Net Income Beats Estimates
- IPCO SS : IPC 3Q Revenue Beats Estimates
- ISS DC : ISS’s Danish Unit Wins 6-Year Contract With DFDS
- KCO GY : Kloeckner Cuts FY Adjusted Ebitda Forecast, Cuts Jobs
- KBX GY : Knorr-Bremse Maintains FY Revenue Forecast
- KWS GY : KWS Saat to Divest Chinese Corn Business to JV Partner Kenfeng
- LTMC IM : Lottomatica 9M Adjusted Ebitda EU426.4M Vs. EU371.5M Y/y
- MMT FP : M6 3Q Revenue Meets Estimates
- MITRA BB : Mithra Shareholders Vote to Dismiss Four Independent Directors
- NCCB SS : NCC 3Q Operating Profit Beats Estimates
- NKT DC : NKT Narrows FY Adjusted Revenue Forecast
- OMV AV : OMV Extends CFO Florey’s Mandate Until June 2025
- OMV AV : OMV 3Q Profit Misses Estimates, Lowers Chemicals Outlook (2)
- OKDBV FH : Oriola 3Q Net Sales Misses Estimates
- PRY IM : Prysmian Signs Deal Worth About EU900M for US Energy Project
- QIA GY : Qiagen’s Reiterated Guidance Seen as Reassuring: Street Wrap
- RAND NA : Randstad Targets Dividend Payout of 40%-50% of Net Income
- RDC GY : Redcare Pharmacy NV 9M Revenue EU1.27B Vs. EU877M Y/y
- ENR GY : German Lawmaker, Economist Call on Siemens to Assist Energy Unit
- SKAB SS : Skanska Signs €31M Contract to Build New Apartments in Helsinki
- SNBN SW : SNB Set to Skip Second Payout as Profit Can’t Offset Record Loss
- STLAM IM : Stellantis Gives Opel Facelift With Corsa EV, Techno-Music Spot
- STLAM IM : Stellantis Saw Net Revenue Hit of ~€3B from Work Stoppages
- STMN SW : Straumann 3Q Revenue Meets Estimates
- TMV GY : TeamViewer SE 3Q Adjusted Ebitda Beats Estimates
- TKO FP : Arnault-Backed Singapore SPAC Said to Near Merger With Kacific
- UNI SM : Unicaja Holder Aivilo Spain Offers Up to 78.4m Shares: Terms
- ULVR LN : Unilever to Freeze its CEO’s Fixed Pay for the Next Two Years
- ULVR LN : Unilever to Freeze its CEO’s Fixed Pay for the Next Two Years
- VOD LN : *ZEGONA TO BUY VODAFONE SPAIN FOR €5B
- VONN SW : Vontobel Wealth Management to Hire More Relationship Managers
- WRT1V FH : Wartsila 3Q Adjusted Ebit Beats Estimates