Asian equities and commodities rose as traders bet on further reopening of the Chinese economy from Covid restrictions. Currencies of materials and energy exporters climbed. A benchmark of Asian shares headed for its highest close since August and was approaching a technical bull market. The greenback fell versus most of its major counterparts, with notable weakness versus the Norwegian krone and the Australian and Canadian dollars. China’s offshore yuan strengthened through the 7-per-dollar level for the first time in nearly three months. The Hang Seng China Enterprises Index rallied as much as 4%. Oil advanced on the prospect of more demand from China, as OPEC+ kept output steady and sanctions on Russian crude kicked in. Iron ore and copper climbed. Chinese authorities eased Covid testing requirements across major cities over the weekend as Beijing appears to be engineering a gradual shift away from its strict Covid Zero policy amid elevated cases and public protests. Stronger-than-expected US jobs figures on Friday prompted traders to increase their wagers on where rates will top out in the current tightening cycle, rather than changing their bets for the size of the increase at the Federal Reserve’s December meeting. Policymakers are still expected to deliver a downshift to a 50 basis points hike at the gathering.
Nikkei +0.01% Hang Seng +3.44% CSI +1.82% Shanghai +1.66% Shenzen +0.67%
Eur$ 1.0577 CNH 6.9444 CNY 6.9552 JPY 134.58 GBP 1.2332 CHF 0.9349 RUB 61.7529 TRY 18.6303 WTI$ 80.57 +0.76% Gold 1807 +0.52% BTC 17,331 +1.27% ETH 1,297 +1.60%
S&P -0.14% Nasdaq -0.19% EuroStoxx +0.01% FTSE -0.03% Dax +0.03% SMI
Macro :
- Morgan Stanley’s Wilson Says Take Profits on US Equities Rally
- Musk Hails Release of Twitter Emails on Hunter Biden Story
- Musk Hails Release of Twitter Emails on Hunter Biden Story
- ECB’s Villeroy Wants 50 Basis-Point Hike to Fight Inflation
- Two Crypto Hedge Funds Dodge Market Collapse With 8% Gains
Keep an eye on :
Keep an eye on :
- ABBN SW : ABB Agrees to Pay $325 Million to End South African Bribe Probe
- ADP FP : Paris Reopens Iconic Charles de Gaulle Terminal as Olympics Near
- AGS BB : Ageas Shares Jump After Betaville ‘Uncooked Alert’
- AIR FP : Boeing Rises After Report of United Closing In on Deal for 787s
- AIR FP : Boeing Rises After Report of United Closing In on Deal for 787s
- AIR FP : Flying Taxi Firm Archer Aviation Achieves Flight Milestone
- ANIM IM : Anima Holding Nov. Net Inflows EU238M
- BEN FP : Beneteau Sees FY Revenue +15%, Saw +13% to +16%
- BNP FP : BNP Paribas Elevates India CEO Singh as Head of Territory
- CINE LN : Cineworld Lenders Are Said to Eye Sale of East European Theaters
- CSGN SW : Bob Diamond to Invest in Credit Suisse Corpfin Unit, Times Says
- DLAR LN : De La Rue Holders Approve Loosemore as Director and Chairman
- EDF FP : EDF Must Buy Back Power After Selling Too Much by Mistake
- FTK GY : FlatexDEGIRO Cuts FY Rev. Forecast, Names New Deputy CEO
- GLEN LN : Glencore Agrees to Pay $180m Over Past Conduct in Congo
- HZNP US : J&J Says It Won’t Make Offer for Horizon Therapeutics
- JUVE IM : Juventus Board Approves Revised Financial Statements
- KER FP : Balenciaga Drops Lawsuit Against Firm That Made Controversial Ad
- NOVN SW : Novartis Phase 3 Trial for Prostate Treatement Met Primary Goal
- RNO FP : Nissan, Renault to Delay Planned Dec. 7 Announcement: TBS
- RHM GY : Germany to Miss Military Spending Target Next Year, Study Says
- SON PL : Sonae Completes Sale of 50% Stake in MDS to Ardonagh
- TSLA US : Tesla Reduces Shanghai Output in Latest Sign of Sluggish Demand
- UCG IM : UniCredit Seeks Pay Hike for CEO Andrea Orcel: FT
- VLA FP : Valneva: Positive Antibody Data for Chikungunya Jab Candidate
- VOW GY : VW CEO to Present New Software Strategy Dec. 15: Handelsblatt