Asian shares followed their US peers higher Friday ahead of a key jobs report as traders weighed the outlook for inflation and growth. Stocks rose in Japan, Korea and Australia while US futures fluctuated. On Thursday, the S&P 500 rose 1.8%, led by gains in consumer discretionary shares, while the tech-heavy Nasdaq 100 added 2.8%. ,,,,Markets are shut in Hong Kong and China, where officials have vowed to carry out a slew of government policies to stimulate the economy. The offshore yuan rose amid thin trading in Asia. A Bloomberg gauge of the dollar steadied after overnight losses, while the yen held near the psychologically important 130 level against the greenback. Benchmark Treasury yields edged up to 2.92%. Investors remain on edge as some fear the pace of US monetary tightening could throw the world’s largest economy into a recession. Friday’s May labor report is likely to show the smallest gain in jobs since April 2021 alongside a down shift in average hourly earnings growth, Bloomberg Economics said. Federal Reserve Vice Chair Lael Brainard said it was hard to see a case for a September pause in rate hikes and that increases of 50 basis points in June and July seemed reasonable. OPEC+ agreed to increase the size of its oil-supply hikes by about 50% in July and August, bending to pressure by major consumers including the US to fill the gap created by sanctions on Russian supplies. Yet oil headed for a sixth weekly gain and remains an important driver of inflationary pressures. US After Hours STNE +21.3%, OKTA +16.5%, LULU +1.7%, RH +1.2% higher on earnings; JOAN -15.4%, ZUMZ -8.6%, CRWD -2.5% lower on earnings
Nikkei +1,19% Hang Seng -1% CSI +0,16% Shanghai +0,42% Shenzen +0,69%
Eur$ 1,0749 CNH 6,6296 CNY 6,6603 JPY 129,85 GBP 1,2586 CHF 0,9580 RUB 62,7203 TRY 16,4859 WTI$ 116,30 Gold 1867,71 BTC 30,466 +5% ETH 1823
S&P +0,10% Nasdaq +0,07% EuroStoxx +0,76% FTSE Closed Dax +0,88% SMI
Macro :
- Tiger Global’s 52% Plunge Prompts Fee Cut, Redemption Plan
- Ifo Warns Against Windfall Tax for Oil Companies: Rheinische
- Citi’s Fat-Finger Trade Seen Costing Bank More Than $50 Million
- Len Blavatnik Severs His $37 Billion Fortune From Russian Roots
- Fed’s Brainard Says Case for September Rate Pause Is ‘Very Hard’
- Oil Set for Sixth Weekly Gain as OPEC+ Supply Boost Disappoints
Keep an eye on :
- ACX SM : Mittal’s Aperam Said to Eye Steel Tie-Up With Acerinox
- ADS GY : Lululemon Boosts FY Net Rev. Forecast, Beats Estimates: Snapshot
- BMPS IM : Monte Paschi New Plan May Include 5,000 Job Cuts: MF
- COP GY : CompuGroup CEO Woessner to Leave, CFO Named Spokesman of MDs
- EQT SS : Europe's EQT Nears $3 Billion Deal for Medical-Freight Provider Envirotainer -- WSJ
- EO FP : Faurecia Starts EU705M Rights Issue, Subscription Price EU15.5
- FRE GY : Fresenius Plans to Cut ~2,000 Jobs at Kabi: Handelsblatt
- IPH FP : Innate Pharma Says Lung Cancer Treatment to Enter Phase 2 Study
- KSS US : Kohl's stock bounces around after conflicting reports on sale
- LDO IM : Rheinmetall Makes Non-Binding Bid for Leonardo Unit Stake: Rtrs
- LEON SW : Leonteq Sees 1H FY22 Net Profits of More Than CHF110m
- MUAL MP : Proparco Plans to Purchase 7.28% of Mauritius’s Biggest Insurer
- NKE US : Nike Founder, Dodgers Co-Owner Bid for Trail Blazers: NYT
- NKLA US : Nikola Founder Trevor Milton Is Said to Block Company Share Sale
- NUMND NO : Nordic Unmanned Offering of 3.64m Shares Prices at NOK22/Share
- OMV AV : OMV’s Borealis Gets EU810m Agrofert Offer for Fertilizer Unit
- PNL NA : Minister Not Allowed to OK PostNL-Sandd Merger: Appeals Board(1)
- RHM GY : Rheinmetall Makes Non-Binding Bid for Leonardo Unit Stake: Rtrs
- SAVE US : Frontier Sweetens Spirit Bid With Reverse Termination Fee
- STR AV : Strabag’s Zueblin Unit Gets EU280M Order for Tunnels in Chile
- TEN IM : Tenaris to Pay $78m to Resolve Corruption Charges
- TSLA US : Tesla’s Stock Slide Has Korean Day Traders Boosting Purchases
- TGLW GY : Trei Real Estate Is Said to Sell Supermarket Stores in Portugal
- VALN SW : Valora Buys Frittenwerk to Enter German Market; No Terms
- VGP BB : VGP Surges on Expectations of ‘Important’ EPRA Index Inclusion
- YAR NO : Yara Signs Demerger, Merger Plan for Internal Reorganization
- FHZN SW : Zurich Airport: Tata Projects Signed Up to Build Noida Airport