Asian stocks traded within tight ranges on Wednesday, mirroring similar moves on Wall Street as investors remained cautious ahead of a slew of US economic data. MSCI Inc.’s gauge of regional shares was up 0.1% as Hong Kong-listed Chinese stocks underperformed. Futures on the S&P 500 and Nasdaq 100 indexes rose 0.2% each after the US benchmark capped its sixth advance in seven trading days on Tuesday. Bitcoin extended its rebound after surging back above $91,000 in the previous session. In currency markets, India’s rupee fell past a key psychological level of 90 per dollar. The muted moves in equities highlighted that sentiment remains fragile ahead of this month’s rate decisions by the Federal Reserve and the Bank of Japan. The US is due to release ADP’s report on private sector employment for November as well as the import price index and industrial production data for September later on Wednesday. The long-delayed release of the September PCE index — the Fed’s preferred inflation gauge — is due Friday. While the regional benchmark languished, shares of Asian tech and semiconductor firms tracked US peers higher as Marvell Technology Inc.’s post-earnings comments around data center revenue outlook added fresh optimism to the AI trade. Meanwhile, a gauge of Chinese stocks listed in Hong Kong lost more than 1%. China’s services activity expanded at the weakest pace in five months in November, a private survey showed, adding more evidence of sluggish consumer demand. India’s rupee weakened as delays in finalizing a crucial trade deal with the US continue to hurt sentiment. The lack of forceful intervention by the central bank in recent weeks and foreign outflows from stocks contributed to the losses, according to analysts. Traders will now look to the Reserve Bank of India’s policy decision on Dec. 5 for comments from Governor Sanjay Malhotra on the currency. Elsewhere, silver rose to a record as traders laid speculative bets on continued supply tightness and lower borrowing costs in the US. Gold also gained. WTI crude was little changed as traders weighed the outlook for an end to the war in Ukraine following high-level talks between the US and Russia, while attacks on Moscow’s energy assets continued. As investors awaited the last few economic reports before next week’s Fed decision, President Donald Trump said he plans to announce his selection to lead the central bank in early 2026. Trump has pressured the Fed for months to lower interest rates, and naming a successor to Jerome Powell — whose term as Chair expires in May — would give the president his biggest chance yet to reshape the institution. The US central bank has rarely been so divided over its long-term plan for rates. After cutting them by more than a percentage point, Fed officials are now wondering where to stop – and finding there’s more disagreement than ever. In the past year or so, prescriptions for where rates should end up have diverged by the most since at least 2012, when US central bankers started publishing their estimates. That’s feeding into an unusually public split over whether to deliver another cut next week, and what comes after that. The Bloomberg Dollar Spot Index fell 0.1% on Wednesday, heading for a second day of declines. Ten-year treasury yields were steady. US After Hours MRVL +14.1%, AEO +10.4% higher on earnings; PSTG -11.3%, GTLB -8.4%, BOX -4.7%, OKTA -4.1%, CRWD -1% lower on earnings.
Nikkei +1.14% Hang Seng -1.31% CSI -0.54% Shanghai -0.53% Shenzen -0.91%
Eur$ 1.1607 CNH 7.0592 CNY 7.0642 JPY 155.67 GBP 1.3236 CHF 0.8019 RUB 77.3576 TRY 42.4679 WTI$ 58.73 +0.15% Gold 4,206 +0.03% BTC 93,455 +2.01% ETH 3,062 +2.15% SOL 142.71 +2.59%
S&P +0.22% Nasdaq +0.22% EuroStoxx +0.32% FTSE +0.03% Dax +0.17% SMI +0.15%
Macro :
- Kremlin Calls Russia-US Talks Constructive But No Deal Reached
- EU Finalizes Deal to Phase Out Russian Gas Imports by 2027
- EU Pushes for 70% of Critical Goods to be ‘Made in Europe’: FT
- Polish Grid Head Urges Pause to Costly Offshore Wind Energy Push
- Ex-Citadel, BlueCrest Trader Chris Wheeler Joins ExodusPoint
- WAYMO vs TESLA ROBOTAXI (WITH LIDAR + WAYMO INVESTMENT + IPO VALUATION)
- Prediction Market Kalshi Hits $11 Billion Valuation in New Funding Round - WSJ
- Lebanon Names Diplomat Simon Karam to Israel, US Truce Committee
Keep an eye on :
Keep an eye on :
- ADYEN NA : Adyen Processed $43b Across Black Friday, Cyber Monday Weekend
- AIR FP : Airbus Cuts Delivery Target After Troubles With Most Popular Jet
- AMZN US : Amazon Rushes Out Latest AI Chip to Take On Nvidia, Google
- Anthropy IPO : Anthropic Taps Law Firm Wilson Sonsini to Begin Work on IPO: FT
- BALN SW : Baloise CFO Carsten Stolz to Leave the Company as of Dec. 31
- BMW GY : BMW CEO Presses EU to Ratify US Deal as Tariff Costs Ramp Up
- BA US : Boeing On Track to Generate Billions in Cash Next Year
- BA US : DAE in Long-Term Lease Pacts With AJet for Boeing 737-8 Aircraft
- COPN W : IP: COSMO Pharmaceuticals NV - Cosmo announces breakthrough Phase III Toplin...
- CRWV US : CrowdStrike Dips But Recurring Rev Seen Strong: Street Wrap
- DOV IM : DoValue Signs New Service Level Pact With Banco Santander
- ETL FP : SoftBank Group Capital to Sell ~36m Rights in Eutelsat: Terms, Eutelsat Rights Offer Priced at €0.33 Per Right: Terms
- GTLB US : Gitlab Shares Fall as 4Q Sales Forecast Trails at Midpoint
- HOT GY : Hochtief Has Agreed to Investment in Vulcan of €169M
- BOSS GY : Hugo Boss Targets Avg Annual FCF About EU300m From 2026 Onward, Hugo Boss Reset May See Stock Under Pressure
- IBE SM : Trump Makes Next Move to Revoke New England Wind Farm Permit
- ITX SM : Inditex 9M Ebit Beats Estimates, Zara Owner Inditex’s Sales Rise, Showing Retailer’s Resilience
- IDR SM : Indra Group Sells BPO Business to Teknei for €96.6 Million
- DEC FP : JCDecaux Wins Contract Renewal for Metro Station Advertising in Finland
- DEC FP : JCDecaux Wins Contract Renewal for Metro Station Advertising in Finland
- KER FP : Kering Board Approves €1.25/Shr Interim Div. for 2025 Finl Year
- MRVL US : Marvell Jumps as Data Center Revenue Seen Up More Than 25% --> +15%
- MRVL US : Marvell to Buy Celestial AI for at Least $3.25b in Cash, Stock
- NKE US : Nike Names Venkatesh Alagirisamy to New COO Role, Eliminates CTO
- NDX1 GY : Nordex Gets 118 MW Wind Turbine Order in Poland
- OSUN NO : Ocean Sun Offering of Shares Prices via Fearnley Securities
- PG US : P&G Warns of US Weakness in Some Consumer Goods Categories
- QUBE LN : Quantum Base to raise funds via placing and retail offer
- STLA US : France’s Symbio Venture May Slash 70% of Jobs, Les Echos Says
- SBRY LN : Sainsbury Holder Qatar Holding Offers Up to 83.6m Shares
- MSTR US : Strategy CEO Sees Reserve Used to Make Payments in Perpetuity
- TEMN SW : Temenos Names Interim CEO Takis Spiliopoulos as CEO
- VLTSA FP : ByteDance, Brookfield Courted by Voltalia for Brazil Data Parks
- WBD US : Comcast’s Bid Seeks to Merge NBCUniversal Unit With Warner Bros.