Asian stocks and US futures edged higher as investors brushed aside the Federal Reserve’s commentary against interest-rate cuts and looked ahead to an eventual pivot to policy easing. An Asia-wide gauge of equities was on course for its best day in about three weeks, helped by an advance in Hong Kong shares. Stocks in mainland China whipsawed as they resumed trading after a three-day break, while Australian and South Korean shares trimmed early declines. Contracts for the S&P 500 and the Nasdaq 100 were moderately higher after a drop on Wednesday, when the turmoil in US regional banks added to market volatility. The moves followed a 25 basis-points increase from the Fed and comments from Chair Jerome Powell that opened the door for a pause in June but played down the prospect of rate cuts later in the year — a scenario firmly reflected in market pricing. US regional lender PacWest Bancorp slumped 60% in US postmarket trading Wednesday, reigniting bank stability fears after people familiar said the Beverly Hills-based company had been weighing a range of strategic options, including a sale. The rate debate will resume again later Thursday, with the European Central Bank taking center stage. Policymakers are seen raising the deposit rate by a quarter-point to a 3.25%, which would mark a slowdown in their hiking cycle. The decision is expected at 2:15 p.m. in Frankfurt, followed half an hour later by President Christine Lagarde speaking at a press conference. US After Hours Busy earnings, headliners include SEDG +7.3%, QRVO +6.5%, ZG +5.3%, ETSY +2.4% on upside; SYNA -20.1%, FARO -12.7%, QCOM -6.7% on downside; PACW -57.5% down sharply on report it's mulling options; OPCH to acquire AMED in all-stock deal.
Nikkei +0.12% Hang Seng +0.94% CSI -0.05% Shanghai +0.64% Shenzen -0.33%
Eur$ 1.1084 CNH 6.9064 CNY 6.9009 JPY 134.50 GBP 1.2587 CHF 0.8828 RUB 79.4362 TRY 19.4794 WTI$ 69.01 +0.60% Gold 2,044.32 +0.27% BTC 29,115 +2.05% ETH 1,900 +1.40%
S&P +0.21% Nasdaq +0.44% EuroStoxx -0.09% FTSE -0.24% Dax +0.05% SMI -0.23%
Macro :
- US IPO Pipeline Can Get a Boost From Arm, Flutter: ECM Watch
- Gundlach Says Recession Odds Are ‘Pretty Darn High’ Right Now
Keep an eye on :
Keep an eye on :
- ABI BB : AB InBev 1Q Organic Adjusted Ebitda Beats Estimates
- ACE IM : Acea Board Confirms Fabrizio Palermo as CEO
- ADEN SW : Adecco 1Q Adjusted Ebita Beats Estimates
- AIR FP : Airbus 1Q Adjusted Ebit Misses Estimates
- AIR FP : Airbus warns that supply chain crisis could last until 2024
- AKSO NO : Aker Solutions 1Q Adjusted Ebitda Beats Estimates
- ALB US : Albemarle Cuts FY Adjusted EPS Forecast, Misses Estimates
- AMG NA : AMG Maintains FY Ebitda Forecast
- ANIM IM : Anima Holding: April Net Inflows Into Managed Assets €86m
- ARCAD NA : Arcadis 1Q Net Revenue EU940M Vs. EU688M Y/y
- ARGX BB : Argenx 1Q Vyvgart Sales Beats Estimates
- MT NA : ArcelorMittal 1Q Ebitda Beats Estimates
- ATCOA SS : Atlas Copco Buys CP Service in Italy; No Deal Terms
- BAMNB NA : BAM 1Q Adjusted Ebitda EU57.9M Vs. EU97.3M Y/y
- BFSA GY : Befesa 1Q Adjusted Ebitda Beats Estimates
- BMW GY : BMW Plans to Buy Back More Shares Worth Up to €2 Billion
- CAP FP : Capgemini 1Q Revenue Beats Estimates
- CO FP : Casino Needs to Deal With Debt Rapidly, Kretinsky Says: Le Point
- CO FP : Casino 1Q Net Sales Misses Estimates
- DEZ GY : Deutz Maintains FY Adjusted Ebit Margin Forecast
- DSM NA : DSM-Firmenich to Replace Co-CEO Structure From Sept. 1
- ENEL IM : Enel 1Q Adjusted Net Income Beats Estimates
- EQNR NO : Equinor 1Q Profit Beats Analyst Estimates With Production Boost
- EL US : Estee Lauder Sinks By Record Amount on Slashed EPS
- FFARM NA : ForFarmers 1Q Underlying Ebitda +4.5%
- FNTN GY : Freenet 1Q Revenue Beats Estimates
- GALP PL : Galp Says Maria Joao Carioca to Be Chief Financial Officer
- GAM SW : GAM Board to Recommend Selling Business to Liontrust
- GBLB BB : GBL 1Q Net Assets EU18.60B Vs. EU17.78B Q/Q
- GSK LN : GSK Vaccine Wins US Nod as Big Pharma Finally Foils Lung Illness
- HOFI SS : Hoist Finance 1Q Operating Income SEK766M Vs. SEK635M Y/y
- IFX GY : Infineon Sees 3Q Segment Result Margin About 26%, Est. 25.1%
- IFX GY : Infineon Sees 3Q Segment Result Margin About 26%, Est. 25.1%
- IFX GY : Infineon Raises Yearly Revenue Forecast on Carmaker Demand
- ISS DC : ISS Boosts FY Organic Revenue Forecast
- KCR FH : Konecranes Gets EU130M Order From The Port of Virginia
- KTN GY : Kontron Sees FY Ebitda Margin 11%
- KWS GY : KWS Saat Boosts FY Ebit Margin Forecast
- LAZ US : Lazard to Close Multiple Offices in Latin America Amid Slowdown
- LMND US : Lemonade FY Revenue Forecast Beats Estimates
- LDO IM : Leonardo 1Q Revenue Misses Estimates
- MBG GY : Tianqi Said to Weigh Investing in Mercedes-Geely Smart Venture
- MOR GY : MorphoSys 1Q Revenue Beats Estimates
- MUSTI FH : Musti Group 2Q Operating Profit Beats Estimates
- NETC DC : Netcompany 1Q Revenue Beats Estimates
- NWO GY : New Work Sees FY Pro Forma Ebitda EU92M to EU100M
- NOVOB DC : Novo Nordisk 1Q Wegovy Sales Misses Estimates
- ONTEX BB : Ontex 1Q Adjusted Ebitda EU55.7M Vs. EU24.7M Y/y
- QIA GY : Qiagen Sees FY Adjusted EPS at Least $2.10, Est. $2.09
- RHM GY : Rheinmetall 1Q Operating Profit Misses Estimates
- 005930 KS : Samsung Union Warns of Historic Walkout as Slump Persists (1)
- SANOMA FH : Sanoma 1Q Ebit Loss EU43.1M, Est. Loss EU31.8M
- SRT GY : Sartorius CFO Rainer Lehmann to Step Down Later This Year
- SKAB SS : Skanska 1Q Revenue Misses Estimates
- SOLB BB : Solvay Boosts FY Organic Adjusted Ebitda Forecast
- SCMN SW : Swisscom 1Q Ebitda Matches Estimates
- SREN SW : Swiss Re Sees FY Net Income Above $3B, Est. $3.13B
- TEL NO : Telenor 1Q Ebitda Misses Estimates
- THG LN : THG Unlikely to Close a Deal With Apollo Seeing Profitable Exit
- UCG IM : UniCredit to Use €300M Charges on Voluntary Staff Exits: Rtrs
- TIETO FH : TietoEVRY 1Q Adj. Op. Profit Meets Estimates, Plans Job Cuts
- VCT FP : Vicat 1Q Like-for-Like Sales +19.4%
- VIMIAN SS : Vimian 1Q Revenue Beats Estimates
- VOD LN : Vodafone, CK Hutchison Near £15 Billion UK Mobile Tieup, FT Says
- VNA GY : Vonovia 1Q FFO I per Share EU0.58
- VNA GY : Vonovia, Deutsche Wohnen Sell Five Assets to CBRE for ~EU560m
- WAWI NO : Wallenius Wilhelmsen 1Q Ebitda Misses Estimates
- ZAL GY : Zalando 1Q Adjusted Ebit Loss EU0.7M, Est. Loss EU17.8M