Japanese stocks gained, making them an outlier in broadly flat equity markets across Asia on Tuesday, as investors look to US data later this week for clues on Federal Reserve rate cuts. Shares in Tokyo climbed while those in Australia and Hong Kong fell. South Korean and mainland Chinese shares whipsawed, while US equity futures dropped ahead of Wall Street’s reopening later Tuesday, following the Labor Day public holiday. Treasuries were little changed and an index of dollar strength rose. The yen was slightly firmer against the greenback after declining for four straight sessions. Pimco Japan Ltd. expects the Bank of Japan to raise rates again as early as January, while Julius Baer is preparing for further weakness in the yen despite BOJ hikes. The South Korean won weakened after August inflation data showed year-over-year prices rose at the slowest pace since 2021. The Australian dollar fell. Traders will be looking ahead to American manufacturing data due later Tuesday for clues about the health of the US economy in a busy week of economic reports that will reach a crescendo on Friday with the nonfarm payrolls data. Markets are pricing a start to the US easing cycle this month, with a roughly one-in-four chance of a 50 basis-point cut, according to data compiled by Bloomberg. The equity market rally could stall even if the Fed initiates a rate cut, JPMorgan Chase & Co. strategists cautioned, as any policy easing would be in response to slowing growth, while the seasonal trend for September would be another impediment, the team led by Mislav Matejka wrote in a note. Traders in Asia will be keeping a close eye on fresh signs of economic troubles in China. Data on Saturday showed Chinese factory activity had contracted for a fourth straight month in August, the latest signal that the world’s second-largest economy may struggle to meet this year’s growth target. The slowdown in China has highlighted the urgency of fresh government stimulus, while inventories of key raw materials from steel to soybeans are piling up in the nation’s warehouses — evidence that economic activity remains too feeble to clear surpluses. In commodities, oil edged higher after Libya declared force majeure at a key oil field amid widening shutdowns that have wiped out close to a million barrels from daily global supplies. Elsewhere, the US is laying the groundwork for new sanctions on Venezuelan government officials in response to Nicolás Maduro’s disputed reelection in July. The country had ordered the arrest of presidential candidate Edmundo González, an escalation of the government’s crackdown on dissent in the wake of the vote.
Nikkei -0.22% Hang Seng -0.47% CSI +0.10% Shanghai -0.48% Shenzen +0.78%
Eur$ 1.1059 CNH 7.1240 CNY 7.1222 JPY 146.58 GBP 1.3130 CHF 0.8526 RUB 89.8461 TRY 33.9317 WTI$ 73.90 +0.48% Gold 2,494 -0.22% BTC 59,159 +0.26% ETH 2,518 -1.43%
S&P -0.13% Nasdaq -0.34% EuroStoxx -0.04% FTSE +0.12% Dax +0.02% SMI -0.28%
Macro :
- Goldman Slashes Copper Forecast on Softening Chinese Demand
- Italy Aug. New Car Sales Fall 13.37% Y/y
- Italy Aug. New Car Sales Fall 13.37% Y/y
- Puig Brands B to Join Stoxx Europe 600, Thyssenkrupp to Leave
- HP to Pursue $4 Billion Damages After Mike Lynch Yacht Death
- China Responds to Canada’s EV Tariffs With Rapeseed Probe
- Bitcoin Mining Revenue Tanks To An 11-Month Low In August, Industry Bellwether Marathon Digital Shares Sank Over 13% In The
Keep an eye on :
Keep an eye on :
- 3382 JP : 7-Eleven’s Vast Retail Empire Includes Banking, Tower Records
- AIR FP : Cathay Is Inspecting Airbus Fuel Lines After Component Failure
- AIR FP : Cathay Is Inspecting Airbus Fuel Lines After Component Failure
- Altice France : Altice France Trends Imply 30-40% Senior Haircuts, 7.7x Leverage
- AXWP FP : Axway Closes Purchase of Sopra Banking Software
- BAVA DC : will join the Stoxx Europe 600 index, effective as of opening of European markets on Sept. 23
- BHP LN : Goldman Slashes Copper Forecast on Softening Chinese Demand
- 293 HK : Cathay Scraps Hong Kong-Singapore Flights Amid A350 Inspections
- CVC NA : will join the Stoxx Europe 600 index, effective as of opening of European markets on Sept. 23
- DOKA SW : Dormakaba Sees 2025 Adj. Ebitda Margin at Least 15%, Est. 15.4%
- EDF FP : EDF Boosts FY Nuclear Power Generation Estimate for France
- EDF FP : EDF Sees Grid Connection of New Reactor Before End of Autumn
- EQT SS : EQT’s Otello Bidco Declares OX2 Offer Unconditional
- FLTR LN : will LEAVE the Stoxx Europe 600 index, effective as of opening of European markets on Sept. 23
- FRVIA FP : will LEAVE the Stoxx Europe 600 index, effective as of opening of European markets on Sept. 23
- GIMB BB : Gimv NAV/Shr Net of Dividend Is €52 at End of June (last price 39.7--> 23.65%)
- INDV LN : will LEAVE the Stoxx Europe 600 index, effective as of opening of European markets on Sept. 23
- INTC US : Intel, Japan Research Institute to Set Up Chip R&D Base: Nikkei
- LEON SW : Leonteq to Cooperate With Saxo Bank on Structured Products
- OX2 SS : EQT’s Otello Bidco Declares OX2 Offer Unconditional
- PGHN SW : Partners Group 1H Ebit Misses Estimates
- PUIG SM : will join the Stoxx Europe 600 index, effective as of opening of European markets on Sept. 23
- QIA GY : QIAGEN N.V. launches non-US offering of net share settled convertible bonds
- REBEL IPO : Co to kick off IPO process after Sapeon merger complete; To select IPO banks around March, 2025
- REN PL : Portuguese Electricity Demand Rose 0.1% in August, REN Says
- RMV LN : Rightmove Working With UBS, Morgan Stanley After REA Interest
- RIO LN : Goldman Slashes Copper Forecast on Softening Chinese Demand
- RR/ LN : Rolls-Royce, Airbus Drop as Cathay Suffers A350 Engine Issues
- SHC LN : will join the Stoxx Europe 600 index, effective as of opening of European markets on Sept. 23
- SLHN SW : Swiss Life 1H Net Income CHF632M
- TEF SM : America Movil, Telefonica Chile Sign Deal to Explore Buying WOM
- TFBANK SS : TF Bank in LOI on Divestment of Rediem; Completes Restructure
- TKA GY : will LEAVE the Stoxx Europe 600 index, effective as of opening of European markets on Sept. 23
- TSLA US : Musk to Celebrate Meloni as Italy Eyes Space Sector Investment
- TSLA US : Tesla Plans to Produce Six-Seat Model Y in China Late ‘25: Rtrs
- TTE FP : TotalEnergies to Invest $444 Million in New JV with Adani Green
- TTE FP : S Africa signals more support for energy groups after Total exits gas project
- 2330 TT : TSMC Eyes N3E Revenue-Momentum Lift on iPhone 16's New-Chip Plan
- TUB BB : will join the Stoxx Europe 600 index, effective as of opening of European markets on Sept. 23
- UBI FP : will LEAVE the Stoxx Europe 600 index, effective as of opening of European markets on Sept. 23
- X US : Japan’s Saito Declines to Comment on Proposed US Steel Takeover
- VLA FP : Valneva, Pfizer Report Positive Booster Dose Data for Lyme Jab
- VIE FP : Sedif-Veolia: In the Murky Waters of Europe’s Largest Concession Contract - Mediapart
- WOSG LN : Watches of Switzerland Sees Earnings in Line With Expectations