Asian shares followed Wall Street lower after the US and Iran exchanged fire, heightening Middle East tensions and stoking inflation concerns. The dollar strengthened. MSCI’s Asia Pacific Index for equities fell 0.4% from its record-high close Monday, amid speculation the Iran war will escalate. Treasury futures edged higher. Trading in Asia is relatively thin with Japan, China and South Korea all closed for holidays. Some relief for markets came with oil easing during the Asian session. Brent, the global crude oil benchmark fell 1.1% to about $113 a barrel, after having jumped 5.8% on Monday. US equity-index futures advanced 0.2%. Meanwhile, the Aussie erased losses after the Reserve Bank of Australia raised its cash rate target. Renewed Middle East tensions threaten to inject fresh volatility into markets after a month-long rally that helped global equities erase war-related losses and climb to record highs on strong earnings from megacap technology companies. Investors remain focused on the Strait of Hormuz, a key waterway that has been blocked for months, keeping energy prices elevated and risking higher inflation and slower economic growth. The dollar strengthened against most of its Group-of-10 peers. Gold rose 0.3% to around $4,540 an ounce, while Bitcoin advanced to around $80,500. Treasury 10-year futures climbed 2/32, trimming Monday’s drop. There’s no trading in cash Treasuries during Asian hours due to a holiday in Japan. Treasuries fell across the curve during the US session, pushing 30-year yields to 5%, the highest since July. Traders boosted wagers that the Federal Reserve will have to reverse course and raise interest rates to curb inflation following a surge in oil prices.
The US fought off Iran’s attacks as it facilitated the passage of two vessels through the Strait of Hormuz. Meantime, the UAE blamed an Iranian drone strike for a fire at its Fujairah port and issued several missile alerts for the first time since a truce between Washington and Tehran took hold. The wave of attacks came after a plan announced by President Donald Trump to help vessels through the critical waterway, with Tehran warning it would strike US forces if they came near Hormuz. Iran will be “blown off the face of the Earth” if it targets American ships in the region, Trump told Fox News. US After Hours EVER +25.7%, STRL +20.3%, PINS +15.3% FLY +9% higher on earnings; WGS -41.1%, INSP -15.7%, ICHR -15.2%, DUOL -12.4%, FN -11.8%, PLTR -1.6% lower on earnings.
Nikkei +0.38% Hang Seng -1.32% CSI -0.06% Shanghai +0.11% Shenzen +0.13%
Eur$ 1.1680 CNH 6.8337 CNY 6.8289 JPY 157.28 GBP 1.3520 CHF 0.7844 RUB 75.2971 TRY 45.2181 WTI$ 104.35 -1.93% Gold 4,539 +0.62% BTC 80,938 +1.26% ETH 2,379 +1.26%
S&P +0.18% Nasdaq +0.27% EuroStoxx +0.01% FTSE -0.95% Dax -0.28% SMI -0.43%
Macro :
- Italy April New Car Sales Rise 11.58% Y/y
- US and Iran Trade Fire in Gulf, Jolting Four-Week-Old Truce (2)
Keep an eye on :
Keep an eye on :
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- ACAST SS : Acast 1Q Net Sales Beat Estimates
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- AAPL US : Apple Explores Using Intel, Samsung to Build Device Processors
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- BRAV SS : Bravida 1Q Net Sales Beat Estimates
- Cerebras IPO : Cerebras Leads Companies Rushing to IPO Before SpaceX: ECM Watch
- COR PL : Corticeira Amorim to Start €25m Share Buyback on May 11
- CSG NA : -13% yesterday after Short Seller REport from Hunterbook - Link to report
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- ELIS FP : Elis 1Q Revenue EU1.18B, Elis Organic Growth In-Line, Outlook Unchanged
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- GEBN SW : Geberit 1Q Ebitda Margin Misses Estimates
- G IM : UniCredit May Increase Generali Stake to Over 10%, Sole Reports
- GLEN LN : Fire at Glencore’s Kazakh Zinc Plant Extinguished: Kazinform
- HANZA SS : Hanza 1Q Sales Beat Estimates
- HEX NO : Hexagon Composites Appoints Eirik Lohre as Permanent CFO
- HOLN SW : Worley, Holcim Sign Pact for Carbon Capture Projects in Europe
- HSBA LN : HSBC 1Q Pretax Profit Misses Estimates
- BOSS GY : Hugo Boss 1Q Ebit Margin Beats Estimates
- INTC US : Apple Explores Using Intel, Samsung to Build Device Processors
- ISS DC : ISS 1Q Sales Beat Estimates; 2026 Outlook Kept
- KOS US : Kosmos Energy 1Q Total Revenues & Other Income Misses Estimates
- LSCC US : Lattice Semi 2Q Revenue Forecast Beats Estimates
- LSCC US : Lattice Semiconductor Acquires AMI For $1.65 Billion
- MC FP : LVMH Mulls Sale of Marc Jacobs, Fenty Beauty Stake : FT
- MS US : Morgan Stanley's Investment Banking Program in Budapest Hit by U.S. Probe -- WSJ
- RHM GY : Rheinmetall Sales Miss Estimates as Revenues Shift Into 2Q
- NOEJ GY : Fresenius Medical Profit Misses Estimates as US Dialysis Lags
- NORBB SS : Nordisk Bergteknik 1Q Sales Miss Estimates
- NCLH US : *NORWEGIAN CRUISE CLOSES DOWN 8.6% TO LOWEST SINCE MAY 1, 2025
- NYF SS : Nyfosa Prelim 1Q Total Income Meets Estimates
- OCGN US : Ocugen Announces Private Offering of $115 Million of Convertible Senior Notes
- ON US : ON Semi 2Q Revenue Forecast Beats Estimates ON Semi Falls as Outlook Suggests Slower Recovery
- Open AI IPO : OpenAI Discussed Spinning Out Robotics, Hardware Divisions Ahead of Race to IPO -- WSJ
- PACT SS : Proact IT Group Reports 1Q Revenue of SEK 1.24 Billion, Compared With FactSet Consensus Estimates of SEK 1.23 Billion (1 Est.)
- PLTR US : Palantir Boosts FY Revenue Forecast, Beats Estimates
- PSKY US : Paramount Sees 2Q Total Revenue $6.75B to $6.95B
- PSUS US : Bill Ackman Deploys $1.75B Of New IPO Cash Into AI Trade: 'Every Company Is An AI Company'
- RBI AV : Raiffeisen Sees FY CET1 Ratio Excluding Russia About 14.3%, Raiffeisen Cuts FY CET1 Goal on M&A, Iran Adds 1Q Risk Costs (1)
- RHM GY : Rheinmetall Posts Soft 1Q, Sees Acceleration Ahead
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- RUI FP : Rubis 1Q Revenue EU1.79B Vs. EU1.70B Y/y
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- SHA0 GY : Schaeffler 1Q Adjusted Ebit EU285M Vs. EU276M Y/y
- SRG IM : Snam Expected to Get Four Offers for Biomethane Unit: Corriere
- SW FP : Sodexo to Manage Rio Tinto’s Pilbara Facilities in Australia
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- STLAM IM : Italy April New Car Sales Rise 11.58% Y/y
- TRAD SS : Tradedoubler 1Q Revenue Beats Estimates
- UNI SM : Unicaja 1Q Net Income Beats Estimates
- UCG IM : UniCredit 1Q Net Income Beats Estimates
- VACN SW : VAT Says COO Thomas Berden to Leave Firm
- VCT FP : Vicat 1Q Like-for-Like Sales +8.5%
- VSCO US : Victoria’s Secret Holder BBRC Seeks Ouster of Chair Donna James
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- WSU GY : Washtec 1Q Ebit EU3.8M Vs. EU4.9M Y/y