Stocks rose Thursday in the wake of reassuring comments on monetary-policy tightening from Federal Reserve Chair Jerome Powell, while crude oil extended gains sparked by Russia’s invasion of Ukraine Japan spurred a climb in an Asian share index, while European and U.S. futures were steady in the slipstream of broad rallies for the S&P 500 and Nasdaq 100. Powell in testimony to U.S. lawmakers backed a measured Fed interest-rate liftoff and vigilance on inflation, while indicating the world’s biggest economy can weather higher borrowing costs. The sanctions imposed on Russia for the invasion have caused traders to back away from its resources, stoking fears of shortfalls in energy, grains and metals. Oil hit the highest since 2008 and a commodity index is at a record. Russia’s ostracism continues: MSCI Inc. and FTSE Russell are cuttingRussian equities from widely-tracked indexes, isolating the stocks from a large segment of the investment-fund industry. Russia’s credit rating was cut to junk by Moody’s Investors Service and Fitch Ratings amid doubts about its capability and willingness to service debt.
Nikkei +0,70% Hang Seng +0,29% CSI -0,59% Shanghai -0,09% Shenzen -0,83%
Eur$ 1,1094 6,3226 CNY 6,3194
S&P -0,07% Nasdaq -0,21% EuroStoxx -O,57% FTSE -0,42% Dax -0,67% SMI -0,73%
Macro :
- MSCI Pulls Russian Equities Out of Its Key Emerging-Market Index
- Abramovich Says To Sell Chelsea Football Club
- SEC Scrutinizes NFT Market Over Illegal Crypto Token Offerings
Keep an eye on :
- BMW GY : BMW to Invest More Than $200m at South Carolina Plant
- BRBY LN : Burberry Pauses All Shipments to Russia Until Further Notice
- MBG GY : Mercedes Joins Corporate Exodus From Russia With Export Halt
- DRW3 GY : Draegerwerk FY Ebit Misses Estimates
- EDV LN : *ENDEAVOUR MINING, HOWDEN TO JOIN FTSE 100 INDEX
- EVR LN : *EVRAZ AND POLYMETAL INTERNATIONAL TO LEAVE FTSE 100 INDEX
- FORTUM FH : Fortum Seeks to Operate Loviisa Nuclear Power Plant Until 2050
- FORTUM FH : Fortum 4Q Profits Beat Estimates; Stops Russia Investments (1)
- GALP PL : Galp to Suspend New Purchases of Oil Products From Russia
- G1A GY : GEA Group Sees 2022 Adj Ebitda EU630M to EU690M, Est. EU676.1M
- G IM : CVC, Sapiens in Race for Control of Italy’s Insurtech RGI: Sole
- HAG GY : Hensoldt Secondary Offering Expected to Price at EU21/Shr: Terms
- KGX GY : Kion 2022 Adjusted Ebit Forecast Beats Estimates
- LOGN SW : Logitech’s FY23 Guidance Ahead of Morgan Stanley Expectations
- MC FP : LVMH Group Says Providing Employees in Ukraine With Assistance
- LHA GY : Lufthansa 4Q Adjusted Ebit Loss EU271M, Est. Loss EU212.3M
- MGGT LN : Meggitt FY Organic Rev. Misses Estimates
- MRK GY : Merck KGaA FY Adjusted Ebitda Meets Estimates
- NFC LN : Next Fifteen to Raise Up to GBP50m to Fund Purchase of Engine UK
- ONTEX BB : Ontex’s Top Investor GBL Is Said to Weigh Buyout of Diaper Maker
- PAGE LN : Pagegroup FY Pretax Profit Meets Estimates (1)
- POLY LN : *EVRAZ AND POLYMETAL INTERNATIONAL TO LEAVE FTSE 100 INDEX
- PRX NA : Prosus Reviewing $6 Billion Russian Technology Investments
- PSM GY : ProSieben 2022 Adjusted Ebitda Forecast Misses Estimates
- RTO LN : Rentokil FY Revenue Misses Estimates
- SSIT LN : Seraphim Space Investment Seeks Over GBP100M in New Funds: Sky
- GLE FP : SocGen Says Russia Exposure EU18.6B, Includes EU15.4B at Rosbank
- SWON SW : SoftwareONE FY Gross Profit CHF855.1M Vs. CHF729.6M Y/y
- SAX GY : Stroeer FY Adjusted Ebitda Beats Estimates
- SUBC NO : Subsea 7 4Q Adj Ebitda Misses Estimates, Recommends Div NOK1/Shr
- HO FP : Thales FY Ebit Meets Estimates
- TIT IM : Telecom Italia Records $9.6 Billion Loss Amid Budget Cleanup
- TIT IM : Telecom Italia: Ardian-Led Group Bid for Indirect Inwit Stake
- VACN SW : VAT FY Net Sales CHF901.2M
- VOW GY : Portugal Light Vehicle Sales Rose 33% in Feb., Acap Says
- VOW GY : VDA Sees More Disruption to German Car Output Due to Ukraine War