A gauge of Asian shares fell as concerns persist over the path of global monetary policy and the health of US banks. New Zealand’s dollar rallied and the nation’s stocks retreated after the central bank raised interest rates by more than expected. MSCI Inc.’s regional benchmark was set to end a six-day rally as it slipped about 0.5%, with almost all sectors traded in the red Wednesday. Contracts for US equities were little changed after the S&P 500 dropped on Tuesday, dragged down by shares of financial heavyweights. Chinese markets are closed for a holiday. A measure of greenback strength was little changed as most major currencies traded in narrow ranges. weakened against most. The New Zealand dollar jumped to the highest level since mid-February following the unexpected 50-basis-point rate hike. The nation’s two-year government bond yields surged about 12 basis points. the two-year Treasury yield ticked higher after declining 14 basis points in the US session as data showed a drop in job openings. That bolstered bets the Federal Reserve will soon wrap up its tightening campaign. Treasuries underwent one of the most turbulent quarters in years in the period through March as traders debated the outlook for inflation amid fears of contagion from the banking sector’s turmoil. Swap contracts downgraded the odds of a quarter-point rate hike at the Fed’s May meeting easing to around 50% from closer to 60%. Banks came under renewed pressure Tuesday, with a gauge of financial heavyweights in the US falling the most in almost two weeks. In a wide-ranging annual letter to shareholders, JPMorgan Chase & Co.’s chief Jamie Dimon warned the US banking crisis that sent markets careening last month will be felt for years. Vacancies at US employers sank in February to the lowest since May 2021, the Labor Department’s Job Openings and Labor Turnover Survey showed Tuesday. The reading was below all estimates in a Bloomberg survey. oil extended its rally with West Texas Intermediate rising past $81 a barrel. Gold was steady and Bitcoin trended above the high end of its recent range of around $28,000. US After Hours DRS +6.4% up on a sizeable U.S. Navy contract; JNJ +3% up after agreeing to pay $8.9 bln in talc litigation claims; SGH -3.6% down on earnings; WMT -0.5% edges lower on reaffirmed FY24 guidance.
Nikkei -1.74% Hang Seng -0.66% CSI +0.31% Shanghai +0.49% Shenzen -0.45%
Eur$ 1.0954 CNH 6.8712 CNY 6.8793 JPY 131.64 GBP 1.2484 CHF 0.9058 RUB 79.5500 TRY 19.2408 WTI$81.09 +0.47% Gold 2023.50 +0.16% BTC 28,570+1.10% ETH 1,914 +1.90%
S&P -0.04% NAsdaq +0.01% EuroStoxx -0.26% FTSE +0.03% Dax -0.12% SMI -0.17%
Macro :
- Fed’s Mester Says Rates Should Rise Above 5%, Stay for Some Time
- China’s Banking Crackdown Picks Up Pace With Fresh Probe
- Oil Extends Rally as Focus Shifts From OPEC+ Cut to Inventories
Keep an eye on :
Keep an eye on :
- AZA SS : Avanza Says CEO Rikard Josefson Intends to Step Down
- BARN SW : Barry Callebaut 1H Recurring EBIT Beats Estimates, CEO Leaves After 19 Months
- CTXS US : Elliott, Carlyle Help Fuel Goldman Push to Offload Citrix Debt
- CTXS US : Elliott, Carlyle Help Fuel Goldman Push to Offload Citrix Debt
- DNR IM : De Nora Holders Offer About 10m Shares: Terms
- EQT SS : Brookfield Sale of TDF Stake to EQT Stalls, Les Echos Says
- ENX FP : Euronext Says EU Trading Plan Risks Hurting Small Investors: FT
- GLJ GY : Grenke 1Q Leasing New Business Volume EU610.2M Vs. EU499.2M Y/y
- HOLN SW : Holcim Buys UK Construction Waste Recycler Sivyer; No Terms
- IBE SM : Barclays Said to Advise Mexico in Iberdrola ‘Nationalization’
- IBE SM : AMLO Widens State Utility’s Reach With $6 Billion Iberdrola Deal
- MC FP : Bernard Arnault’s Fortune Soars Past $200 Billion for First Time
- MAERSKB DC : Maersk CEO Says Tech Spending to Fuel Gains in 2024: Berlingkse
- NEX FP : Chile’s Invexans Plans to Sell 4.2m Shares in France’s Nexans, Prices at EU80/Share.
- NDX1 GY : Nordex Launches ~€350 million Green Convertible Bond Offering
- PIRC IM : Italy Reviews Options to Limit China’s Influence Over Pirelli
- SDRL NO : Seadrill 4Q Adjusted Ebitda $41M Vs. $71M Q/Q
- SAE GY : Shop Apotheke Prelim 1Q Revenue Beats Estimates
- SIVE SS : Sivers Semiconductors Offering Prices at SEK7.25/Share
- SKAB SS : Skanska Gets Order in the US Worth About SEK1.8b
- SW FP : Sodexo Plans To Spin Off Benefits & Rewards Services
- TIT IM : KKR Seeks €10.5b Credit for Telecom Italia Grid Bid: Messaggero
- TTE FP : Iraq Lowers Its Share in Total’s Gas Southern Project to 30%
- VOW GY : VW’s Czech Unit Skoda Auto to Raise Wages by 10%, Unions Say