Stocks in Asia advanced along with US and European equity futures as investors awaited commentary from Federal Reserve Chair Jerome Powell later Tuesday. A gauge of the region’s shares rose as much as 0.8%, trimming losses from the biggest two-day drop in four months, as investors weigh the chances of the Fed keeping a firm grip on monetary policy. Some of the strongest gains Tuesday were in tech stocks listed in Hong Kong — providing a sharp contrast to the decline in US equities Monday, when the S&P 500 and the tech-heavy Nasdaq 100 both finished lower as bond yields rose. Baidu Inc. surged as much as 15% after affirming it will launch a ChatGPT-like bot in March. Investors are weighing whether Powell may emphasize that optimism for rate cuts later in 2023 is probably misplaced. Atlanta Fed President Raphael Bostic said Monday the strong jobs data on Friday raises the possibility that the central bank will need to increase interest rates to a higher peak than policy makers had previously expected. The yen gained after Japan unexpectedly reported nominal wages jumped in December by the biggest margin in almost 26 years, stoking market bets that the central bank will adjust or back away from its stimulus program under a new governor. In India, most of Adani Group’s stocks climbed, pausing a rout that began when US short-seller Hindenburg Research made fraud allegations against the conglomerate. The Group’s flagship Adani Enterprises Ltd. extended gains to 10% in Tuesday trading, as the Adani family’s move to prepay $1.11 billion of borrowings allays some investor fears. The air of caution in global markets is being reinforced by geopolitical concerns. The US is preparing to impose a 200% tariff on Russian-made aluminum, while the US started to recover some parts from the Chinese balloon that a fighter jet shot down off the coast of South Carolina. Biden administration officials said the US was still trying to figure out how much senior leaders in Beijing knew about the alleged spy mission. oil rose for a second session after Saudi Arabia unexpectedly raised its crude prices to Asia, signaling confidence in the demand outlook. Gold US After Hours VLD +8.1% on Q4 guidance, SKY +4.9%, KMT +4.6%, SWKS +3.4%, SAVE +3.3% up on earnings; CHGG -20.8% after downbeat guidance, AOSL -13.3%, LEG -6.9%, PINS -3.4% on earnings, BBBY -28.7% after proposing public offering.
Nikkei -0.03% Hang Seng +0.34% CSI +0.11% Shanghai +0.22% Shenzen +0.22%
Eur$ 1.0735 CNH 6.7965 CNY 6.7863 JPY 132.32 GBP 1.2044 CHF 0.9269 RUB 71.6912 TRY 18.8311 WTI$ 74.92 +1.09% Gold 1,874 +0.34% BTC 22,911 -0.04% ETH 1,635 -0.20%
S&P +0.09% Nasdaq +0.14% EuroStoxx +0.12% FTSE +0.09% Dax +0.01% SMI +0.12%
Macro :
- Hedge Fund Verde Says Victim of Brazil’s ‘Biggest Fraud Ever’
- Quakes Kill 2,500 in Turkey and Syria; Millions Lose Power
- World’s Biggest Public Hedge Fund Bets on Emerging-Markets Rout
- EU’s Response to US Green Tech Push Falls Short, Breton Tells FT
Keep an eye on :
Keep an eye on :
- AIR FP : Boeing to Cut About 2,000 Jobs in Finance and HR: Seattle Times
- ALO FP : Bpifrance’s Lac1 Fund Takes 5.1% Stake in Alstom (Feb. 6)
- AMBUB DC : Ambu Maintains FY Organic Revenue Forecast
- AMS SW : AMS-Osram 1Q Revenue Forecast Misses Estimates
- BAYN GY : Bayer Holder Ubben Pushing to Replace CEO: Rtrs
- BNP FP : BNP Paribas 4Q FICC Sales & Trading Revenue Beats Estimates
- BPE IM : BPER Banca Files Plan for Absorption of BPER Credit Management
- CARLB DC : Carlsberg FY Sales Meets Estimates, SEES 2023 ORGANIC OPER PROFIT -5% TO +5%, EST. +4.08%
- CAST SS : Arnhult Says Castellum Stake ‘No Longer of Strategic Importance’
- CLASB SS : Clas Ohlson Jan. Sales +5%
- CVS US : CVS Close to Agreement to Buy Oak Street in $10.5b Deal: WSJ
- DEMANT DC : Demant 2023 Ebit Forecast Beats Estimates
- DBK GY : Deutsche Bank Has Made Tactical Staff Cuts, UK CEO Lee Says
- EDF FP : Poland to Decide Location of Second Nuclear Plant in 2H: DGP
- EVT GY : Evotec Names Laetitia Rouxel New CFO, Spillner Going to Formycon
- FSKRS FH : Fiskars 4Q Revenue Misses Estimates
- FFARM NA : ForFarmers UK, 2Agriculture Decide to Abandon Proposed JV Plans
- HOLN SW : Holcim Extends M&A Drive With $1.3 Billion US Roofing Deal
- IDIA SW : Idorsia FY Operating Loss CHF803M, Est. Loss CHF824.9M
- ISP IM : Intesa Launches Planned EU1.7B Buyback
- ISP IM : Intesa Launches Planned EU1.7B Buyback
- INWI SS : Inwido 4Q Net Sales Beats Estimates
- IPCO SS : Intl Petroleum 4Q Net Income $61.2M Vs. $66.9M Y/y
- LOTB BB : Lotus Bakeries FY Adjusted Ebitda Beats Estimates
- MMT FP : TF1, M6, France Télévisions to Put Salto in Liquidation: Figaro
- 7211 JP : Nissan Shares Rise on Alliance Rejig With Renault: Street Wrap
- NOAP NO : Nordic Aqua Partners Offers 4.62m Shares at NOK65/Share
- NOD NO : Nordic Semiconductor 4Q Ebitda Misses Estimates
- OVZON SS : Ovzon Offering of 4.49m Shares Prices at SEK44.50/Share
- RNO FP : Nissan ADRs Rise After Alliance Rejig With Renault: Street Wrap
- ROG SW : Roche: Positive Data From Phase 3 Studies for Crovalimab in PNH
- RR/ LN : Rolls Royce, Vertical Aero Projects Get £110 Million UK Funding
- SFOR LN : S4 Chairman and WPP Founder Sorrell Recovering From Surgery
- ENR GY : Siemens Energy Sticks With Guidance on Size of Net Loss in 2023
- SYAB GY : Synlab Cuts 2023 Revenue Forecast
- TFI FP : TF1, M6, France Télévisions to Put Salto in Liquidation: Figaro
- TMV GY : Crypto Bank SEBA Hires Ex-JPMorgan Banker as Asia Pacific CEO
- TMV GY : TeamViewer to Buy Back up to Eu150m in Shares
- TIT IM : Telecom Italia Says KKR Offer Has Duration of Four Weeks
- TKA AV : Carlos Slim Reaches Deal to Spin Off Telekom Austria Tower Unit
- TEL NO : Telenor Has Upgrade Scope as Swedish-Telco Payout Prospects Dim
- TOBII SS : Tobii 4Q Operating Profit Beats Estimates
- VTBR RM : Russia’s VTB Wants to Raise 270b Rubles in Share Sale: Interfax
- WPP LN : WPP's Ambitious Emissions Goals Face Media-Buying Challenge