Asian stocks climbed on bets China will be more forceful to prop up markets and as traders shrugged off a slew of cautious remarks from Federal Reserve officials. A gauge of Asian equities rose to its highest in more than a month. Shares in mainland China rose while those in Hong Kong erased earlier gains as traders weighed whether a string of market stabilizing efforts by Beijing will bear fruit. Japanese stocks were muted amid a mixed bag of earnings from major companies including Toyota, Mitsubishi Corp and Daikin. The yield on 10-year Treasuries slipped two basis points in early Asian trading. Bonds rebounded in the US session as the three-year auction drew solid demand, bolstering sentiment before a record $42 billion sale of 10-year Treasuries on Wednesday. The dollar steadied following Tuesday’s drop. A drumbeat of Fed officials echoed Jerome Powell’s signals that the central bank will be in no rush to ease policy. Fed Bank of Cleveland President Loretta Mester said policymakers will probably gain confidence to cut interest rates “later this year” if the economy evolves as expected. Her Minneapolis counterpart Neel Kashkari celebrated the substantial improvement made on inflation, but indicated more progress is needed. New York Community Bancorp’s credit grade was cut to junk by Moody’s Investors Service less than a week after the regional lender said it was stockpiling reserves to cover souring loans tied to commercial real estate. In other markets, oil rose for a third day as geopolitical risk in the Middle East was partially offset by a report showing stockpiles expanding in the US. In the corporate world, Toyota extended Tuesday gains after the world’s No.1 carmaker boosted its operating income guidance for the full year. Mitsubishi Corp. jumped following a share buyback announcement and better-than-expected quarterly earnings. Yum China Holdings Inc. soared following a sales beat. Alibaba Group Holding Ltd. reports later in the day. US After Hours YUMC +17.2%, ENPH +11.6%, SONO +11.5%, CRUS +8.8%, KD +8.2%, TENB +7.6% higher on earnings; SNAP -31.5%, MRCY -11.5%, VFC -6.9% lower on earnings.
Nikkei -0.11% Hang Seng -0.25% CSI +0.81% Shanghai +1.20% Shenzen +1.30%
Eur$ 1.0763 CNH 7.1989 CNY 7.1880 JPY 147.96 GBP 1.2605 CHF 0.8695 RUB 90.6750 TRY 30.5950 WTI$ 73.39 +0.11% Gold 2,035 -0.08% BTC 42,995 -0.37% ETH 2,365 -0.67%
S&P -0.03% Nasdaq -0.08% EuroStoxx +0.17% FTSE +0.12% Dax -0.03% SMI -0.04%
Macro :
- Italy Approves New Controversial Capital-Markets Reform Bill
- Bitcoin Outlook Clouded by Falling Miner Reserves Before Halving
- Germany’s Scholz to Travel to Beijing in April: FAZ
Keep an eye on :
Keep an eye on :
- AKZA NA : Akzo Nobel 4Q Adjusted Operating Income Misses Estimates
- AMGN US : Amgen Expects a 2024 Sales Jump, Sets Sights on Obesity Market
- AMUN FP : Amundi to buy private markets specialist Alpha Associates - FT
- AAPL US : Apple Defeats Khosla-Backed AliveCor Suit Over Watch Technology
- BELL SW : Bell FY Ebitda Beats Estimates
- BPSO IM : Pop. Sondrio 4Q Total Income Beats Estimates
- BNP FP : BNP, MS Bid for Spain’s Orange Bank Loans: El Confidencial
- CARLB DC : Carlsberg's Raised Guidance May Add 3%-Plus to EPS Growth, Carlsberg Targets Imply Upside Risk to Consensus
- COP GY : CORRECT: CompuGroup 4Q Adjusted Ebitda Misses Estimates
- EVVT GY : CTS Eventim Prelim FY Normalized Ebitda EU501.4M (1)
- DAE SW : Daetwyler FY Ebit Misses Estimates
- DHL GY : KfW Sells 50m Deutsche Post Shares at €43.45/Share
- DHL GY : KfW Sells 50m Deutsche Post Shares at €43.45/Share
- DIS US : Fox, Warner Bros. Discovery and Disney Create New Sports Streaming Venture -- WSJ
- EQNR NO : Equinor 4Q Adjusted Net Income Misses Estimates
- EVT GY : Evotec Unit Expands Development Pact With ABL
- FBK IM : Finecobank Board Approves Two Free Capital Increases
- F US : Ford 2024 Adjusted Ebit Forecast Beats Estimates: Snapshot
- FUBO US : fuboTV slipping by -6.6% following FOXA/WBD/DIS news
- GILD US : Gilead 4Q Adjusted EPS Misses Estimates
- SHAB SS : Handelsbanken 4Q Net Interest Income Meets Estimates
- HNR1 GY : Hannover Re Prelim FY Ebit Misses Estimates
- HOLN SW ; Holcim Buys Germany’s ZinCo; No Terms Disclosed
- JEN GY : Jenoptik FY Ebitda Meets Estimates
- KINDSDB SS : Kindred 4Q Adjusted Ebitda GBP56.8M; Names Anden Permanent CEO
- KTN GY : Kontron Signs Three Railway Contracts Exceeding EU100M
- B4B GY : Metro 1Q Sales Meets Estimates
- MOR GY : MorphoSys Dips as Feuerstein Speculates on Novartis Deal
- BMPS IM : Monte Paschi 4Q Net Income Beats Estimates, Resumes Dividend
- NOVOB DC : Novo’s New Indiana Plant Is Struggling to Meet Quality Standards
- OMC US : Omnicom 4Q Revenue Beats Estimates
- PETR4 BZ : Petrobras CEO Plans $100b Spending Focused on Offshore Oil: FT
- PUB FP : Watch Advertising Stocks in Europe After Omnicom Revenue Beats
- QIA GY : Qiagen 4Q Net Sales Beats Estimates, Qiagen Outlook Suggests Small Risk to Consensus: Street Wrap
- R3NK GY : Renk IPO Upsized to €500m From €450m: Terms
- SANOMA FH : Sanoma 4Q Ebit Loss EU51.4M, Est. Loss EU42.3M
- DIM FP, SRT GY : Sartorius Stedim Biotech Offers EU1.2b New Shares
- SRT FP : Sartorius Offer of 613,497 Preference Shares Prices at EU326/Shr
- DIM FP : Sartorius Stedim Biotech Offering Prices at EU233/Share
- SCHA NO : Schibsted 4Q Ebitda Beats Estimates
- SHUR BB : Shurgard Acquires Pickens Self-Storage in Germany for EU120M
- SKAB SS : Skanska Gets SEK1.2b Laguardia Airport Fuel Systems Contract
- SNAP US : Snap Sees 1Q Revenue $1.10B to $1.14B, Est. $1.11B: Snapshot
- STAN LN : StanChart Taps UK Political Figures as Potential New Chair: FT
- SF SS : Stillfront 4Q Ebit Misses Estimates
- STB NO : Storebrand 4Q Pretax Profit Misses Estimates
- TEL NO : Telenor 4Q Adjusted Ebitda Misses Estimates
- TKO FP : Tikehau AuM Reach €43.2B at End-Dec., Up 11% Y/Y
- UIS SW : Unisys to Delist Secondary Shares From Swiss Exchange on May 8
- VWS DC : Vestas FY Ebit Before Significant Items Beats Estimates
- VOE AV : Voestalpine 3Q Ebitda Misses Est., Sees FY Ebitda at EU1.7b (1)
- VOW GY : UAW Signs Up Majority of VW Plant’s Staff After Detroit Wins
- VOW GY : Volkswagen Needs Capex Cutback, Lamborghini IPO to Unlock Value