Shares in Asia fell for a third day, following losses on Wall Street, while Treasuries extended a selloff as investors digested better-than-expected US labor-market data and prepared for a rush of US government bond issuance next week. Equity benchmarks in Japan, Australia, South Korea and Hong Kong all declined, while those in mainland China were little changed. Taiwan’s markets are shut due to the approach of a typhoon. Evergrande Property Services Group Ltd., a unit of the highly indebted developer, slid by about half in Hong Kong as the company resumed trading for the first time since March 2022. Pressure on China’s property sector weighed on the country’s junk bonds, which fell for a second day. Superconductor-related shares in China also declined after a sharp rally over the past week. US equity futures were broadly flat in Asia after the S&P 500 slipped 1.4% Wednesday, its worst day since April. The Nasdaq 100 fell 2.2% and Qualcomm Inc. dropped on a tepid revenue forecast. The VIX index, known as Wall Street’s “fear gauge” rose to the highest since May. Investors also digested news that the Treasury will issue $103 billion of securities next week, spanning three-, 10- and 30-year debt. The quarterly issuance is up from $96 billion, and slightly more than forecast. The news followed Fitch Ratings’ downgrade of the US on Wednesday. Japanese 10-year bonds also fell as investors tried to judge how far the Bank of Japan will allow yields to rise under its more flexible yield-curve control regime. The dollar was little changed after a two-day rally in muted currency market trading. The Bank of England is forecast to raise its benchmark interest rate by 25 basis points to 5.25% later Thursday. Speculation is also growing it will surprise economists by signaling an increase to the pace of bond sales as it looks to reduce its outsized footprint in the market. Investors will be keeping a keen eye on Apple Inc. earnings due Thursday. The iPhone maker is expected to report its third consecutive year-over-year revenue decline. Amazon.com Inc. will also report quarterly results Thursday with investors and analysts closely watching its cloud computing business. oil rose after a two-day selloff, gold ticked higher and Bitcoin traded just above $29,000. US After Hours UPWK +20.9%, FARO +12.6%, CTSH +7.8% , QRVO +6.4%, MELI +5.4% higher on earnings; DXC -15%, CCRN -8%, PYPL -7.2%, QCOM -7% lower on earnings.
Nikkei -1.39% Hang Seng -0.12% CSI +0,19% Shanghai +0.01% Shenzen -0,12%
Eur$ 1,0927 CNH 7,1990 CNY 7,1908 JPY 143.88 GBP 1,2700 CHF 0,8787 RUB 93.9375 TRY 26,9708 WTI$ 79.56 Gold 1935 BTC 29,090 -0.10% ETH 1,835 -0.36%
S&P -0,05% Nasdaq -0,19% EuroStoxx -0,09% FTSE +0,06% Dax -0,16% SMI +0.03%
Macro :
- Citi Quants Favor Growth Stocks in the US as Downside Risks Rise
- Convertibles Make a Comeback, But Not Usual Suspects: ECM Watch
Keep an eye on :
Keep an eye on :
- 1U1 GY : 1&1 2Q Ebitda Meets Estimates
- ABI BB : AB InBev 2Q Organic Adjusted Ebitda Beats Estimates
- ADEN SW : Adecco 2Q Adjusted Ebita Misses Estimates
- ADS GY : Adidas 2Q Greater China Sales Beats Estimates
- BAVA DC : Bavarian Nordic Gets US Order, Raises 2023 Financial Forecasts
- BYW6 GY : BayWa 1H Ebit EU186.9M Vs. EU328.5M Y/y
- BEI GY ; Beiersdorf 1H Adjusted Ebit Beats Estimates
- CS FP : Axa First-Half Underlying Profit Rises on Favorable Price Trends
- CS FP : Axa to Buy Laya Healthcare From AIG Unit in €650 Million Deal
- AZE BB : Azelis 1H Adjusted Ebitda Meets Estimates
- BPE IM : BPER Banca Eyes 11%-Plus Consensus 2023 Profit Upgrade: React
- BMW GY : BMW 2Q Ebit Beats Estimates; FY Forecast Reiterated (1)
- BMW GY : BMW Raises Outlook for Vehicle Deliveries on Strong EV Demand
- CAV1V FH : Caverion 2Q Operating Profit Misses Estimates
- COR PL : Corticeira Amorim 1H Net Income Rises 8% to EU51.4m
- DEEZR FP : Deezer 1H Revenue EU233.2M Vs. EU219.4M Y/y
- DIC GY : DIC Asset 1H FFO EU22.4M Vs. EU53.0M Y/y
- DOV IM : doValue 1H Gross Rev. EU229.2M Vs. EU271.2M Y/y
- DRS US / LDO IM : Leonardo DRS Rises to New High After Lifting Outlook Midpoints
- DRS US / LDO IM : Leonardo DRS Rises to New High After Lifting Outlook Midpoints
- DUE GY : Duerr 2Q Adjusted Ebit Misses Estimates
- ZIL2 GY : ElringKlinger 2Q Ebit Misses Estimates; FY Forecast Confirmed
- EVD GY : CTS Eventim Intends to Become Majority Holder in France Billet
- FAGR BB : Fagron 1H Adjusted Ebitda EU72.2M Vs. EU63.3M Y/y
- FLU AV : Flughafen Wien Raises Passengers View, Sees Results Above View
- GAM SW : GAM Holding 1H Underlying Pretax Loss CHF22.5M
- IFX GY : Infineon 3Q Revenue Meets Estimates, Infineon Sees 4Q Segment Result Margin About 25%, Est. 25.8%
- IFX GY : Infineon to Invest up to €5B More on Kulim, Malaysia, Site
- INGA NA : ING 2Q Net Interest Income Misses Estimates
- IOS GY : Ionos Maintains FY Adjusted Ebitda Margin Forecast
- LSG NO : Leroy Raised to Buy at Arctic Securities; PT 52 kroner
- LHA GY : Lufthansa Sees Third Quarter Profit Topping Pre-Pandemic Levels
- MARI AV : Marinomed Biotech Rated New Buy at Dr. Kalliwoda Equity Research
- MRK GY : Merck KGaA Cuts FY Adjusted Ebitda Forecast
- MGNS LN : Morgan Sindall 1H Revenue GBP1.94b Vs. GBP1.70b Y/y
- NOVOB DC : Pfizer, Novo Battle for Control of $2 Billion Hemophilia Market
- OERL SW : Oerlikon Cuts FY Sales Forecast, Misses Estimates
- PSM GY : ProSieben 2Q Adjusted Ebitda Beats Estimates
- RAA GY : Rational 2Q Sales Beats Estimates
- ROG SW : Roche Expands Long-Term Alliance With Sysmex
- RR/ LN : Rolls-Royce 1H Civil Aerospace Adjusted Revenue Beats Estimates
- SESG FP : SES 2Q Adjusted Ebitda Beats Estimates
- SGL GY : SGL 1H Sales Revenue EU560.5M Vs. EU549.8M Y/y
- GLE FP : SocGen 2Q Net Income Beats Estimates
- GLE FP : SocGen Settles US Probes Over Use of Unauthorized Messaging Apps
- SSE LN : UK Green Subsidies Need Revamp to Meet Net Zero, SSE CEO Says
- SCMN SW : Swisscom 2Q Ebitda Misses Estimates
- SMHN GY : Suess MicroTec 2Q Sales Meets Estimates
- TIT IM : Telecom Italia Second-Quarter Earnings Rise on Price Hikes
- TEN IM : Tenaris 2Q Net Income Beats Estimates
- UTDI GY : United Internet 1H Sales EU3.03B Vs. EU2.90B Y/y
- URW FP : Simon Property Narrows FY FFO per Share Forecast
- VIE FP : Veolia 1H Ebitda Meets Estimates
- VOD LN : 1&1 Shares Soar After German Roaming Deal With Vodafone
- VOS GY : Vossloh 1H Ebit EU49.3M Vs. EU28.9M Y/y
- ZAL GY : Zalando Narrows FY Adjusted Ebit Forecast, Beats Estimates