Shares rose in Asia after stocks and bonds rallied on Wall Street, bringing some relief to financial markets after a series of punishing losses. Traders’ focus now turns to Friday’s US jobs data. Equity benchmarks in Australia, Japan, Hong Kong and South Korea all advanced, adding a bullish pulse to region after a gauge of Asian equities fell into a technical correction Wednesday. Oil ticked higher, paring losses from its steepest one-day drop in a year. The dollar weakened for a second day. US equity futures held in tight ranges in Asia after the S&P 500 climbed 0.8% in New York, its biggest gain in almost three weeks, and the Nasdaq 100 advanced 1.5%, its best day since August. Mainland China markets remain shut for a week-long holiday. The easing of Treasury yields was helped by economic data that prompted traders to scale back forecasts for Federal Reserve tightening this year. US companies added the fewest number of jobs since the start of 2021 in September, according to a survey from the ADP Research Institute in collaboration with Stanford Digital Economy Lab. A separate report from the Institute for Supply Management showed the services sector pulled back modestly last month to the lowest level this year. Friday’s nonfarm payrolls figures are forecast to show hiring slowed in September. Bill Gross, co-founder and former chief investment officer of Pacific Investment Management Co., said retail investors that hold bonds in exchange-traded funds were adding to the pressure in Treasury markets over the past week. “We are seeing a little bit of oversold market” as 10-year Treasury yields approach 5%, he said in an interview with Bloomberg Television. The dollar fell against all its Group-of-10 peers, with the yen strengthening much as 0.6%. Traders had speculated about official Japanese intervention in the market Tuesday when the currency spiked higher after touching 150 per dollar. However, early indications show that may not have been the case. Chinese property developers are also in focus as Sunac China Holdings Ltd. faces court proceedings Thursday on its multibillion-dollar offshore debt restructuring plan. In commodities, West Texas Intermediate futures were moderately higher after slumping 5.6% Wednesday to settle below $85 a barrel. The decline reflected concern over flagging demand for the commodity as higher interest rates and a strong dollar weigh on the global economy. US After Hours BB +4.9% to separate IoT and Cybersecurity units; CLX -2.2% lower on guidance as cybersecurity attack caused wide-scale disruptions; CMBM -20.8% on lowered guidance.
Nikkei +1,59% Hang Seng +0,61% CSI Close Shanghai Close Shenzen Close
Eur$ 1,0523 CNH 7,3126 CNY 7,2980 JPY 148,45 GBP 1,2155 CHF 0,9141 RUB 100,0197 TRY 27,5697 WTI$ 84,64 Gold 1,826 BTC 27,700 ETH 1,645
S&P -0,06% Nasdaq -0,05% EuroStoxx +0,48% FTSE +0,41% Dax +0,41% SMI +0,42%
Macro :
- Oaktree Bids €1 Billion to Fund Italian Soccer League TV Channel
- Only a Stocks Crash Can Rescue the Bond Market, Barclays Says
- Japan Moves Up Tomahawk Missile Purchase Due to Security Worries
- Top City Boss Warns Pay Is Causing London to Lose War for Talent
- Milan’s Push to Lure World’s Wealthy Stokes Boom and Backlash
Keep an eye on :
Keep an eye on :
- ADJ GY : Adler Group in ‘Advanced’ Talks With Potential Auditors
- AKRBP NO : Aker BP Reports Preliminary 3Q Equity Production of 449.8 Mboepd
- ALO FP : Alstom Warns on Cash Flow Due to Inventory, Delayed Orders
- AAPL US : Apple Considered Switch to Search Engine DuckDuckGo From Google
- T US : AT&T Is Exploring Options for Multibillion-Dollar DirecTV Stake
- AV/ LN : Aviva Shares Rise After Betaville ‘Uncooked Alert’ Mention
- AV/ LN : Aviva Shares Rise After Betaville ‘Uncooked Alert’ Mention
- BG AV : Bawag Group Gets ECB Approval to Buy Back EU175m Shares
- CQST SS : Castellum Sells Properties for SEK900m
- DAE SW : Datwyler: Volker Cwielong to Succeed Lambrecht as CEO in April
- DMRE GY : Apollo-Backed German Landlord Gears Up For Talks With Creditors
- DKSH SW : DKSH Converts CHF 150m Credit Line to Sustainability-Linked Loan
- EBS AV : Erste Bank Taps Luminor CEO Peter Bosek as New Chief Executive
- XOM US : Exxon Sees $2.1 Billion Earnings Lift From Oil Prices, Refining
- GLJ GY : Grenke 3Q Leasing New Business Volume EU591.1M
- FNAC FP : Fnac Darty, Ceva Logistics to Create Venture for E-Commerce
- GXI GY : Gerresheimer 3Q Adjusted Ebitda Meets Estimates
- GOOGL US : Apple Considered Switch to Search Engine DuckDuckGo From Google
- IMB LN : Imperial Brands Says Performance is in Line With Guidance
- IPH FP : Innate Pharma Says FDA Puts Lacutamab IND on Partial Hold
- KRN GY : Deutsche Boerse Says Krones to Replace SUSE in SDAX
- MTRO LN : Metro Bank Hires Morgan Stanley to Explore Capital Raise Options, Metro Bank in Talks For Up to £600m Capital Raise: FT
- MITRA BB : Mithra Says Oct. 30 Meetings Called to Consider Routine Matters
- NFLX US : Actors, Hollywood Studios Conclude Talks, Will Meet Again Friday
- NOVN SW : Novartis to Present New Pluvicto, Kisqali Data at Upcoming ESMO
- PNDORA DC : Pandora Sees Organic Growth of 7-9% CAGR From 2023-2026
- PRY IM : Prysmian Targets Adj. Ebitda of About €2 Billion in 2027
- RNO FP : Renault to Hold Ampere Capital Market Day on Nov. 15
- Renk IPO : German Gearbox Maker Renk Postpones IPO
- RIVN US : Rivian Prelim 3Q Revenue $1.29B to $1.33B, Est. $1.3B
- RIVN US : Rivian Sinks After EV Maker Plans Convertible Note Offering
- SCR FP : Scor Buys Back 9m Shares From Covea, to Sell Shares to BNP
- SAF FP : GE, Safran JV Identify 126 Jet Engines That Contain Fake Parts
- SHEL LN : Shell CEO Plans Town Hall for Staff Amid Anxiety Over Oil Shift
- S92 GY : SMA Solar Boosts FY Sales Forecast
- SMV LN : PEXA Group Proposes to Acquire Smoove for 54 Pence a Share
- SUSE GY : Deutsche Boerse Says Krones to Replace SUSE in SDAX
- TE FP : Technip Energies Gets Contracts From Galp for Portugal Refinery
- TTE FP : Suncor to Buy TotalEnergies Canadian Operations for C$1.5b
- UBI FP :
- VER AV : Ruling Against Verbund Price Hike Upheld by Higher Court: APA