A gauge of Asian shares advanced along with US and European equity futures while Chinese stocks fell, weighed down by a modest economic growth target that diminishes the prospect of more stimulus from Beijing. Gains in the region were led by Japan and South Korea, where benchmark indexes rose about 1%, following the lead from Wall Street on Friday. US stocks ended the week on a high note, driven by speculation that the Federal Reserve won’t raise interest rates beyond peak levels already priced in. Shares fluctuated in Hong Kong and dropped about 0.3% in Shanghai as investors digested the implications of China’s goal of growth around just 5%. This set the tone for commodities from iron ore to copper, which slid together with oil on expectations that demand may be softer than some investors had expected. Investors will continue to watch moves in Chinese equities closely for indications on the resilience of the recent upward momentum seen in the nation and more broadly across Asia. A gauge of Asia’s equities rallied 1.5% last week after a near 6% slump in February. Investors will continue to watch moves in Chinese equities closely for indications on the resilience of the recent upward momentum seen in the nation and more broadly across Asia. A gauge of Asia’s equities rallied 1.5% last week after a near 6% slump in February. This week brings a slew of key economic data and events for investors to consider. In Asia, eyes remain on the National People’s Congress in Beijing for any further policy announcements and details that may set the tone for how market friendly — or harsh — regulation will be through 2023. Friday comes the last Bank of Japan policy decision under the current governor Haruhiko Kuroda. Friday comes the last Bank of Japan policy decision under the current governor Haruhiko Kuroda. Investors will also be glued to their screens when Fed Chair Jerome Powell speaks before Senate and House committees this week.
Nikkei +1.11% Hang Seng +0.34% CSI -0.63% Shanghai -0.29% Shenzen -0.15%
Eur$ 1.0644 CNH 6.9169 CNY 6.9102 JPY 135.67 GBP 1.2034 CHF 0.9359 RUB 75.6625 TRY 18.8970 WTI$ 78.94 -0.93% Gold 1,854.34 -0.12% BTC 22,345 -0.63% ETH 1,558 -0.91%
S&P +0.15% Nasdaq +0.26% EuroStoxx +0.33% FTSE -0.02% Dax +0.17% SMI +0.03%
Macro :
- China Sets Modest Growth Target as Economic Risks Persist
- EU Seeks Trade Deal With US Next Week to Unlock EV Benefits
- Fed’s Daly Says More Rate Hikes Likely Needed to Cool Inflation
- EU Draft Fast-Tracks Five Clean Sectors for Shift to Net Zero
- EU Draft Fast-Tracks Five Clean Sectors for Shift to Net Zero
- David Einhorn's hedge fund crushed the S&P 500 last year. These are the 3 stocks he's counting on for continued outperformance.
- Hedge Funds Cut Brent Short Positions to 11-Year Low: Chart
- Alaska Lawmakers Lobby Biden for Oil Drilling as Decision Looms
- Germany and EU Pursue Talks on Deal to Ban Combustion Engines
Keep an eye on :
Keep an eye on :
- AMZN US : Reportedly Elon Musk delayed Twitter's payment for Amazon Web Services in attempt to renegotiate the deal according to TheInformation
- ANIM IM : Anima Holding Feb. Net Inflows €383M
- AAPL US : Apple Supplier Foxconn’s Sales Decline Despite China Reopening
- ARM LN : British Chipmakers Held Talks With White House: Telegraph
- ARYN SW : Aryzta 1H Revenue EU1.04B Vs. EU835.3M Y/y
- BEAN SW : Belimo FY Ebit Meets Estimates
- EN FP : France Considers Putting its Biggest Sports Stadium on the Block
- CA FP : Carrefour Franchisee Names Orcet as East Africa Head: Daily
- CSGN SW : Credit Suisse First Boston Will Have Goldman Sachs-Like Partners
- CSGN SW : Harris Associates Sells Entire Credit Suisse Stake, FT Reports
- EAST SS : Eastnine AB Says Pact on Sale of Holding in MFG Is Terminated
- EDF FP : Fresh Wave of French Strikes About Pension Reform Cuts EDF Power
- ENEL IM : Italy’s Enel to Supply 5,700 Solar Panels to Ukraine by Summer
- ENEL IM : Italy’s Enel to Supply 5,700 Solar Panels to Ukraine by Summer
- ENI IM : Berlusconi’s Party Favors Descalzi Remaining as Eni CEO: Ansa
- EQNR NO : Equinor’s Hammerfest LNG Plant Detected Gas Leak Friday: Rtrs
- RACE IM : Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate
- FME GY : Rheinmetall to Replace Fresenius Medical in Germany’s DAX Index
- GAM SW : Swiss Fund Manager GAM Seeks to Find Buyer Before Results: FT
- HELN SW : Helvetia FY IFRS Net CHF614M Vs. CHF519.8M Y/y
- KOG NO : Kongsberg Gruppen CFO Gyrid Skalleberg Ingero to Resign
- MANU US : Ratcliffe, Qatari Sheikh Advance in Man United Bids: Telegraph
- PNN LN : Pennon Shares Jump After Betaville ‘Uncooked Alert’
- P911 GY : Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate
- RTN LN : Oasis Pushing for Sell-Off of Wagamama Owner’s Pubs, Times Says
- RHM GY : Rheinmetall to Replace Fresenius Medical in Germany’s DAX Index
- RIVN US : Rivian Tells Staff 62,000 EV Production Possible This Year
- SWTQ SW : Schweiter FY Ebitda Misses Estimates
- SHEL LN : Novatek Ready to Buy Shell’s 27.5% Sakhalin-2 Stake: Kommersant
- SNBN SW : SNB FY Loss CHF132.5B Vs. Profit CHF26.30B Y/y
- TSLA US : Tesla Cuts Prices of Model S, X in US For Second Time This Year
- TIT IM : Italy State Lender Counters KKR’s Telecom Italia Grid Offer
- TIT IM : Italy Said to Near Approval of CDP Bid for Telecom Italia Grid
- TIT IM : Italy’s State Lender, Macquarie Bid for Telecom Italia’s Network
- UBSG SW : UBS 2022 Bonus Pool $3.3B vs $3.7B for 2021
- DG FP : France Considers Putting its Biggest Sports Stadium on the Block
- VOW GY ; VW-Backed Scout to Build $2 Billion EV Factory in South Carolina
- VOW GY : Panic Over Metals for EVs Spreads to Automakers’ C-Suites
- WAND LN : WANdisco Preparing for Dual Listing in US, Sky News Reports