Asian stocks rose and oil paused a three-day rally after President Donald Trump played down the prospect of a prolonged conflict with Iran. The yen strengthened. MSCI’s Asia Pacific equities gauge advanced 1.1%, rebounding from Wednesday’s selloff. Chip-related stocks including Renesas Electronics Corp. and SK Hynix Inc. rose after Broadcom Inc. predicted a boom in artificial intelligence chip sales over the next two years. Futures indicated a tepid open in Europe, while contracts for the Nasdaq 100 Index edged up 0.2%. Attention in Asia was on the yen, which gained for a second session, strengthening to as much as 157.63 per dollar. The currency’s spike left traders guessing about possible intervention by authorities. Elsewhere in Japan, an auction of 30-year government bonds drew strong demand. The 30-year yield earlier fell 10 basis points to 4.065%. Adding to the positive tone, Brent halted a three-day rally, trading a touch lower at around $95.40 a barrel. Oil slipped after Trump said renewed attacks on Iran would likely be short-lived and reiterated his claim that the US controls the Strait of Hormuz. The pullback in crude eased pressure on Treasuries, which held gains from the previous session. The brighter tone followed a cautious start to September, when global bond yields surged as renewed fighting in Iran drove oil higher, fueling inflation concerns and bets on a Federal Reserve interest-rate hike this month. With earnings season largely over, attention is shifting to Friday’s US jobs report for clues on the US economy and the policy outlook. In other corners of the market, natural gas futures in Europe gained for a fourth day to head for the highest close since early 2023. Base metals prices also advanced, with copper in London trading less than $300 a ton below the record set in January. A Bloomberg gauge of the dollar slipped 0.2% for a second day. Gold rose 1.2% to about $4,430 an ounce. The Treasury 10-year yield was little changed at 4.77% after tensions in the Middle East sparked a selloff in global bonds earlier this week. In Asia, the sharp rise in the yen highlighted the nervous tension surrounding the currency in the run up to the Bank of Japan’s meeting later this month. The yen began strengthening earlier on Wednesday, after a BOJ board member raised the possibility of outsize or back-to-back interest-rate hikes. Overnight index swaps are now more than fully pricing in a standard 25-basis-point rate hike at the BOJ’s September meeting. Pricing suggests only a very low likelihood of a 50-basis-point move. US After Hours SNOW +20.9%, NTSK +10.5%, FIVE +6.2%, AVGO +1.5% higher on earnings; NTAP -8.4%, HPE -4.5% lower on earnings; RARE -45.3% on Phase 3 miss.
Nikkei -0.36% Hang Seng -0.38% CSI -0.05% Kospi +0.47% Shanghai -0.17% Shenzen -0.39%
Eur$ 1.1596 CNH 6.7186 CNY 6.7185 JPY 157.68 GBP 1.3493 CHF 0.8115 RUB 87.1514 TRY 48.3146 WTI$ 90.62 -0.51% Gold 4,428 +1.33% BTC 77,482 -0.03% ETH 2,396 -0.13%
S&P +0.01% Nasdaq -0.02% EuroStoxx +0.09% FTSE -0.03% Dax +0.13% SMI +0.17%
Macro :
- Trump Says Iran Strikes to Be Short, Asserts Hormuz Control
- ASML Supplier Says China 15 Years Behind in Top Chipmaking Tools
- G20 Spat May Chill Bullish Trump-Xi Summit Bets: China Today
- G20 Spat May Chill Bullish Trump-Xi Summit Bets: China Today
- JPMorgan curbed lending to Jane Street as trading firm muscled into bond market
- Jefferies Unit Wins Freezing Order Against Trader Radiant World
- US REACT: Beige Book Shows Uneven Demand and Price Pressures
- JPMorgan’s Blessing Sees Dealmaking on Track for Record Year
- ‘AI Bottleneck’ Stocks Look ‘Tired’ Despite Good News: BTIG
Keep an eye on :
Keep an eye on :
- AGX US : Argan 2Q Revenue Beats Estimates
- BIOAB SS : BioArctic: China Grants Subcutaneous Leqembi Start Treatment Nod
- BOSN SW : Bossard Names Andreas Jaeger CFO From March 2027
- EN FP : Bouygues Wins €130m Bypass Modernization Contract in Finland
- BP/ LN : BP Company Secretary to Leave Oil Major After Boardroom Dram
- BP/ LN : BP to Sell Shell 50% Stake in Brazil Tupinambá Block
- AVGO US : Broadcom Falls as Results Fail to Meet High Hopes: Street Wrap
- AI US : C3.ai Maintains FY Revenue Forecast
- CIRSA SM : *DB, BARCLAYS LEND €1B TO FUND CIRSA DEAL DIVIDEND: CINCO DÍAS
- CLASB SS : Clas Ohlson Aug. Sales +13%
- CVC NA : CVC Raises $10 Billion for Its Largest-Ever Secondaries Fund
- DHER GY : Uber’s $15 Billion Delivery Hero Takeover Gains Board Backing
- DHER GY : Uber’s $15 Billion Delivery Hero Takeover Gains Board Backing
- DTE GY : Elliott Builds Deutsche Telekom Stake, Opposes T-Mobile Merger
- DEC US : Diversified Energy Buys Elliott-Backed Birch for $1.8 Billion
- ENI IM : US Issues Venezuela Fact Sheet on Chevron, Eni, GE Vernova Deals
- ENI IM : Italy’s Eni to Start Drilling Junin 5 Block in Venezuela Sept. 3
- GIMB BB : Gimv 1H Net Result €148.4m vs €85.8m Y/y
- GPRO US : GoPro Shares Extend Rally for Third Day on Merger Agreement
- HPE US : HPE To Deploy Juniper Networking Across Oracle AI Data Centers
- ICOS IM : Intercos Shareholder Offers 6m Shares, Terms Show
- 8001 JP : Itochu Chairman Says Would Welcome Berkshire Stake Hike: Nikkei
- MSFT US : Microsoft Provides 1Q’27 Outlook for New Reporting Segments
- NETC DC : Netcompany Wins £215 Million Contract for NHS Health Screening
- NTAP US : NetApp Dips as Raised Guide Can’t Extend 2026 Rally
- PUB FP : Omnicon Shares Drop After Pepsi Moves Media Account to Publicis
- PYPL US : PayPal Cuts About 10% of India Workforce: Moneycontrol
- ALSEN FP : Sensorion : Fast Track, pour initier l'essai de Phase I/II de SENS-601 en France
- SHEL LN : Shell PLC: Shell Closes Purchase of ARC Resources
- SNOW US : Snowflake 3Q Product Revenue Forecast Beats Estimates: Snapshot, Snowflake Soars on ‘Exceptional’ Results and Guide
- SOF BB : Sofina 1H Net Income EU857.0M
- SOI FP : Soitec Raises 2Q27 Revenue Guidance to ~50% y/y Growth, Soitec Sales Guidance Boost on Photonics-SOI Demand
- TC1 GY : Tele Columbus Names Sebastian Rudow Chief Restructuring Officer
- TNG FP : Transgene, NEC Say TG4050 Shows 100% 3-Yr Disease-Free Survival
- VRNS US : Thoma Bravo’s Proofpoint Is Said in Talks to Acquire Varonis
- VOD LN : Vodafonethree to Launch Debut TV Service in UK: FT
- VLTSA FP : Voltalia Forecasts 2026 Net Loss, Keeps Ebitda Target
- Waymo IPO : Waymo Taps Pimco, Blackstone for $3 Billion in First Debt Deal
- ZAG AV : Zumtobel 1Q Profit EU4.2M, Zumtobel Group starts the new 2026/27 financial year with improved profitability