Australia’s dollar jumped after the central bank surprised markets by raising interest rates above estimates to combat inflation. Asian equities rose Tuesday as gains by Hong Kong developers helped overcome a pause in global stocks’ rally.
The Aussie gained as much as 0.9%, while the policy-sensitive three-year government note yield was up 11 basis points as the Reserve Bank of Australia hiked its benchmark rate by 25 basis points to 4.1%. The RBA said inflation was still too high and some further tightening of monetary policy may be required. Shares in Australia extended losses. Meanwhile, an Asia stock benchmark climbed as the Hang Seng Index advanced as much as 1.4%, supported by a rally in the shares of real estate developers on speculation of new support measures for the sector. Both subsequently pared gains. Contracts for US benchmarks were steady after tech shares led the S&P 500 down Monday, with Apple Inc. wiping out gains of as much as 2% as investors parsed the potential of a new mixed-reality headset. The dollar weakened against all of its Group-of-10 peers and the yield on the 10-year Treasury was little changed for a second day. Shorter-end US rates edged up after slipping Monday when a report showed the US services sector nearly stagnated in May, causing a re-evaluation of the Federal Reserve’s interest-rate hike path. Oil declined as traders weighed the outlook for supply and demand following Saudi Arabia’s pledge for extra supply cuts. gold was steady on Tuesday after advancing 0.7% in the previous session. US After Hours GTLB +23.1%, HQY +4.9%, CXM +3% all up on earnings; NVRO -4.6% down following guidance; CDRE -11.1%, BLBD -9.3%, SKWD -5% a few of the names slipping on secondary public offerings.
Nikkei +0.94% Hang Seng +0.25% CSI -0.26% Shanghai -0.46% Shenzen -1.04%
Eur$ 1.0727 CNH 7.1151 CNY 7.1072 JPY 139.42 GBP 1.2456 CHF 0.9047 RUB 80.7263 TRY 21.4330 WTI$ 71.92 -0.32% Gold 1,962.15 +0.01% BTC 25,802 +0.63% ETH 1,818.10 +0.71%
S&P -0.09% Nasdaq -0.08% EuroStoxx -0.19% FTSE -0.22% Dax -0.24% SMI -0.30%
Macro :
- Destruction of Dam in Ukraine Threatens Flooding in Battle Zone
- German Factory Orders Fall Further, Adding to Industry Weakness
Keep an eye on :
Keep an eye on :
- AIR FP : Emirates Needs More Aircraft and Will Order Soon, President Says
- AIR FP : Turkish Air Says It’s About Two Months Away From Mega Jet Order
- AMS SM : Amadeus Announces €433.3 Million Share Buyback Program
- AAPL US : Apple Headset Looks Sleek in Person But Battery Pack Stands Out
- ASML NA : TSMC Tempers Capex Outlook to $32 Billion as Chip Demand Weakens
- BAKKA NO : Bakkafrost Sees 2024-2028 Capex of DKK6.3B
- BMPS IM : BPER Banca Could Be Suitor for Italy’s Monte Paschi: Repubblica
- BARC LN : Barclays Software Banker Markovich to Join Centerview: Reuters
- BATS LN : Philip Morris Reaffirms FY23 EPS Forecast at $5.88 to $6.00
- BATS LN :
- CAV1V FH : Fortum, Caverion Continue Partnership for Finland Hydro Plants
- CSGN SW : UBS hopes to complete the takeover of its crisis-hit local rival, Credit Suisse, within weeks https://t.co/qAu2DYEne5
- DIS US : BAT Maintains FY Revenue in Constant Currency Forecast
- EVK GY : Evotec, Krones, Software AG, Shop Apotheke Europe to Join MDAX
- FORTUM FH : Fortum, Caverion Continue Partnership for Finland Hydro Plants
- GLEN LN : Metals Acquisition to Combine Ahead of Glencore Mine Purchase
- IBM US : IBM to Build European Quantum Data Center in Germany
- IDIA SW : Idorsia in Talks to Sell Asia Pacific Assets for Up to CHF400m
- INTC US : Intel to Raise About $1.5 Billion in Sale of Part of Mobileye
- ICBR3 BZ : Moelis, Cleary Hired by InterCement Bondholders for Debt Talks
- ICBR3 BZ : Moelis, Cleary Hired by InterCement Bondholders for Debt Talks
- BAER SW : Julius Baer Seeks $250 Million From World’s Rich for Buyout Bets
- KRN GY : Evotec, Krones, Software AG, Shop Apotheke Europe to Join MDAX
- KNIN SW : Kuehne+Nagel to Join SMI, SPI 20 Indexes from June 13, SIX Says
- MBLY US : Intel to Raise About $1.5 Billion in Sale of Part of Mobileye
- NOVOB DC : Novo Nordisk, J&J, AstraZeneca Headline 2H Pharma Catalysts
- PIRC IM : ‘Pirelli is in peril’: Pressure rises over Chinese grip on Italian tyremaker - FT
- RNO FP : Renault to Suspend Electric Zoe Production Over Chip Shortage
- SAF FP : Safran in Talks to Buy Raytheon’s $1 Billion Flight Control Unit
- SOW GY : Evotec, Krones, Software AG, Shop Apotheke Europe to Join MDAX
- STM FP : TSMC Expects Capex Closer to $32 Billion, Lower End of Range
- SECARE SS : Symrise Seeks to Acquire all Swedencare Shares at SEK37.50 Cash
- SY1 GY : Symrise Seeks to Acquire all Swedencare Shares at SEK37.50 Cash
- FP FP : TotalEnergies Nigeria Sees NGN143.4b Revenue For July-September
- U US : Unity Software Jumps on Pact With Apple on Vision Pro --> +17%
- ULVR LN : Unilever Hunts for New Chairperson After Replacing CEO