Asian stocks rose Thursday, as Alibaba Group Holding Ltd. led Chinese tech companies higher ahead of its quarterly results. Bets on further Federal Reserve interest-rate hikes supported Treasury yields. A global share gauge pushed toward the highest level since early June, after a US rally triggered by earnings and robust economic data. US futures fluctuated as traders weighed how much further the revival in equities from bear-market lows can go. The dollar was little changed. Investors Wednesday warmed to earnings and buyback announcements from Moderna Inc. and PayPal Holdings Inc. as well as surprise US service-sector growth. Almost 75% of US firms have so far beaten earnings estimates. Jitters over US-China ties faded after House Speaker Nancy Pelosi departed Taiwan. Federal Reserve officials again signaled they will do what’s required to cool high inflation with rate increases even if that raises the risk of recession. Oiledged higher amid signs of slowing demand in a US inventory report. Goldadvanced and Bitcoin fell. Global stocks have now rebounded some 10% from a June low, reducing year-to-date losses to about 15%. The big debate is whether that points to complacency given the bond market is flashing a warning of an economic slowdown. Taiwan tension remains among the uncertainties. China is due to kick off military drills starting noon local time to illustrate its ability to surround the island in a show of force following Pelosi’s trip. Later in Europe, the UK is set to add to a global wave of monetary tightening that’s putting the brakes on the world economy. The Bank of England is expected to join some 70 other institutions around the world in delivering a half-point increase in borrowing costs. US After Hours YELL +40.1%, HHC +14.7%, MELI +12%, ADPT +11.2%, SFM +8.6% higher on earnings; TRUP -18.5%, MED -11.6%, BKNG -3.1% lower on earnings; GBT +30% on Bloomberg report it is attracting takeover interest
Nikkei +0,63% Hang Seng +1,26% CSI +0,01% Shanghai -0,20% Shenzen -0,40%
Eur$ 1,0168 CNH 6,7613 CNY 6,7546 JPY 133,83 GBP 1,2155 CHF 0,9610 RUB 60,4136 TRY 17,9471 WTI$ 91,01 Gold 1,774,12 +0,50% BTC 23,095 -1% ETH 1,650 +0,30%
S&P -0,08% Nasdaq -0,18% EuroStoxx +0,33% FTSE +0,11% Dax +0,44% SMI -0,11%
Macro :
- UK New Car Sales Fell 9% in July as Auto Group Cuts 2022 Outlook
- Strategists Fear Pelosi Trip to Have Deeper Impact
- Goldman Affirms Bullish China Stocks Call in Face of Taiwan Rift
- Italy’s Great Divide Tests Europe's Ambitious Recovery Efforts
- GS Strategists Say Stocks Could Fall Without Shift in Macro Data
- Prepare for 15% inflation next year, Britain warned
Keep an eye on :
- 1U1 GY : 1&1 1H Ebitda EU368.2M Vs. EU336.1M Y/y
- ADEN SW : Adecco 2Q Adjusted Ebita Misses Estimates
- ADS GY : Adidas 2Q Revenue Meets Estimates
- ALV GY : *PIMCO HIRES RICHARD CLARIDA AS GLOBAL ECONOMIC ADVISOR
- ANIM IM : Anima Holding July Net Inflows EU101M
- ATUS US : Altice USA Confirms It’s Exploring Sale of Suddenlink Assets
- ATUS US : Altice USA 2Q EPS Misses Estimates
- AMBU DC : Ambu Slashes FY Organic Revenue Forecast, to Cut 200 Jobs
- APPL US : Apple to Delay IPad Software Launch by a Month in Unusual Move
- BAMI IM : Banco BPM 2Q Net Income Beats Estimates
- BYW6 GY : BayWa 1H Revenue EU12.91B Vs. EU9.28B Y/y
- BAYN GY : Bayer 2Q Adjusted Ebitda Beats Estimates
- Back Market IPO : French Tech Startup Back Market Said to Start Early Prep on IPO
- BT/ LN : Altice USA Confirms It’s Exploring Sale of Suddenlink Assets
- CAPMAN FH : CapMan 1H Operating Profit EU33.0M
- CAV1V FH : Caverion 2Q Operating Profit Beats Estimates
- CLX US : *CLOROX FALLS 5% AFTER ADJUSTED EPS FORECAST MISSES ESTIMATES
- COP GY : CompuGroup Boosts FY Revenue Forecast, Beats Estimates
- ACA FP : Credit Agricole 2Q Net Income Beats Estimates
- DOV IM : doValue 1H Gross Rev. EU271.2M Vs. EU254.2M Y/y
- DUE GY : Duerr Boosts FY Order Intake Forecast, Beats Estimates
- ZIL2 GY : ElringKlinger 2Q Ebit Loss Misses Estimates
- XOM US : Exxon in Talks to Transition Russia’s Sakhalin-1 to Third Party
- FAGR BB : Fagron 1H Adjusted Ebitda EU63.3M Vs. EU56M Y/y
- FLS DC : FLSmidth Wins DKK950 Million Contract for Zinc, Lead Mine
- GBT US : Global Blood Therapeutics Is Said to Draw Takeover Interest
- HNR1 GY : Hannover Re Raises FY Return on Investment Goal to Above +2.5%
- HAG GY : Hensoldt 1H Adjusted Ebitda Margin 8.9% Vs. 9.1% Y/y
- IMCD NA : IMCD 1H Revenue Beats Estimates
- INGA NA : ING 2Q Net Income Beats Estimates
- IR US : Ingersoll Rand Narrows FY Adj Ebitda Forecast, Beats Estimates
- INPST NA : InPost Holder Offers 17.5m Shares via Goldman Sachs: Terms
- KTN Y : Kontron 1H Ebitda EU62.6M Vs. EU58.3M Y/y
- LXS GY : Lanxess FY Adjusted Ebitda Forecast Misses Estimates
- LEG GY : LEG Refrains From Buying More Shares in BCP From Adler
- LHA GY : Lufthansa Gives Upbeat Outlook as Fare Surge Survives Disruption
- MRK GY : Merck KGaA Boosts FY Adjusted Ebitda Forecast
- MOR GY : MorphoSys Small Beat, Focus on 2H Data Readouts: Morgan Stanley
- NXT LN : Next 2Q Retail Sales +12%
- NOVO DC : Novo Nordisk Plummets on EPS and Wegovy Miss: Intron Health
- PHARM NA : Pharming 2Q Revenue $50.1M Vs. $49.7M Y/y
- TPEG LN : Property Franchise Says Performance is in Line With Market Views
- RR/ LN : Rolls-Royce 1H Adjusted Revenue Misses Estimates
- SBMO NA : SBM Offshore Sees FY Adj Ebitda Above $950M, Saw About $900M
- SESG FP : Satellite Operators SES, Intelsat in Deal Talks: FT
- SESG FP : SES 1H Revenue Meets Estimates
- SCMN SW : Swisscom 1H Ebitda CHF2.19B Vs. CHF2.32B Y/y
- SGL GY : SGL 1H Sales Revenue EU549.8M Vs. EU496.7M Y/y
- SMHN GY : Suess MicroTec 1H Ebit EU5.1M Vs. EU8.0M Y/y
- TIT IM : Telecom Italia: Stefano Siragusa to Leave by Mutual Agreement
- TEN IM : Tenaris 2Q Net Sales Beats Estimates
- TSLA US : Electrek.co: Tesla applies to patent more precise GPS antenna for self-driving and navigation https://t.co/578rBfxc4G by
- VACN SW : VAT 1H Net Sales Beats Estimates
- VOE AV : Voestalpine 1Q Ebitda Beats Estimates
- YAR NO : Petrobras Fertilizer Units Sale Said to Attract Yara Interest
- ZAL GY : Zalando 2Q Adjusted Ebit Misses Estimates