Stocks in Asia were mixed, with losses in Japan on a strengthening yen offsetting a rally in some major technology firms. The Nikkei 225 index was down 0.6%, after the Japanese currency rallied to the strongest level in a month against the dollar. China’s CSI 300 benchmark erased earlier gains to fall 0.3%, even as the world’s No. 2 economy reported a faster-than-expected jump in exports. The yen strengthened below 150 per dollar Wednesday, partly aided by the fastest pace of wage growth since June. Japan’s two-year government note yield climbed to the highest level since 2011 on growing view the central bank will end its negative interest rate as early as this month.
A few tech behemoths formed the only bright spot, with Chinese e-commerce giant JD.Com up nearly 10% in Hong Kong after it initiated a $3 billion share buyback program and reported consensus-beating sales growth. Taiwan Semiconductor Manufacturing Co. also rose to a record high after Nvidia Corp. rallied on an upgrade by Moody’s Ratings. US futures edged lower after the S&P 500 Index rose 0.5% Wednesday to reclaim its 5,100 mark, and the tech-heavy Nasdaq 100 advanced 0.7%. An index of the dollar edged lower after a decline on Wednesday when US yields fell. The 10-year benchmark was steady in Asia after shedding five basis points to 4.1% in the prior session. The renewed equities weakness in some parts of the region came after Federal Reserve Chair Jerome Powell reiterated to lawmakers Wednesday that the US central bank is in no rush to cut interest rates until policymakers are convinced they have won their battle over inflation. US job openings data remained elevated, while private payrolls registered another strong month of increases in February, albeit slightly below estimates. The Fed’s Beige Book survey showed the US economy has expanded at a modest pace since earlier in the year, while consumers showed more sensitivity to rising prices.
Elsewhere, WuXi AppTec Co. tumbled after a US Senate committee advanced a bill Wednesday that may ban Chinese biotech firms and some others from federal contracts. Meantime, Bitcoin recovered most of its losses to move back above $66,000 after touching a high earlier in the week. Gold steadied after its recent record-setting run as gains for the cryptocurrency and precious metal sent mixed messages to market participants. Oil was steady after rising Wednesday to push West Texas Intermediate 1.3% higher. Further tensions in the Middle East included the first confirmed deaths of commercial crew after Houthi militants began attacks in the region. US After Hours HNST +32.1%, OSPN +27.9%, RSI +21.7%, YEXT +19% higher on earnings; VSCO -25.4%, KGS -12.8%, SLNO -7.7%, DSGX -3.7% lower on earnings.
Nikkei -1.23% Hang Seng -1.12% CSI -0.63% Shanghai -0.35% Shenzen -0.96%
Eur$ 1.0902 CNH 7.2120 CNY 7.1985 JPY 148.54 GBP 1.2737 CHF 0.8813 RUB 90.7725 TRY 31.8352 WTI$ 79.11 Gold 2,153 BTC 66,170 -0,5% ETH 3,78
S&P -0.15% Nasdaq -0.33% EuroStoxx -0.14% FTSE +0.01% Dax -0.16% SMI +0.16%
Macro :
- China to Extend Visa Exemption to More Countries March 14: Wang
- China’s Export Growth Jumps in Positive Sign for Demand
- Berenberg Stock Strategists See Liquidity, Valuation Sell Flags
Keep an eye on :
Keep an eye on :
- ALCA SS : Alcadon Group Offering of 2.05m Shares Prices at SEK36.50/Share
- ALPHA GA : Alpha Services FY Net Income EU611.3M Vs. EU368.4M Y/y
- ANTIN FP : Antin Assets Under Management EU31.1B Vs. EU30.6B Y/y
- AAPL US : How Apple Sank About $1 Billion a Year Into a Car It Never Built
- ASML NA : Netherlands Proposes Stronger EU Export Control Coordination
- AVOL SW : Avolta AG FY Sales Beats Estimates
- AZE BB : Azelis FY Adjusted Ebita Misses Estimates
- BANB SW : Bachem FY Ebitda Beats Estimates
- BAYN GY : Bayer chief rules out capital increase as investors slam turnaround plan
- BOKA NA : Dutch Dredger Boskalis to Extend Head Office Abroad
- BNR GY : Brenntag Sees 2024 Oper Ebita EU1.23B to EU1.43B, Est. EU1.31B
- CGG FP : CGG FY Segment Ebitdas Misses Estimates
- CVX US : Chevron Restarts Drilling in Key Venezuela Oil Field
- CON GY : Continental Sees 2024 Adj Ebit Margin About 6% to 7%, Est. 6.72%
- CTPNV NA : CTP FY Adj. EPRA EPS Beats Estimates
- DBK GY : Deutsche Bank Said to Cut Investment Bank Bonuses More Than 10%
- DRW3 GY : Draegerwerk FY Dividend per Share EU1.74 Vs. EU0.13 Y/y
- ECV GY : Encavis Gets €203m Refinancing for Spanish Solar Parks
- ECV GY : KKR in Talks to Buy Energy Firm Encavis for Over €2 Billion
- ENR GY : Industrials Take a Chance, Hydrogen Could Be Your Treasure Trove
- RF FP : Eurazeo Assets Under Management EU34.95B
- FSR US : How to Avoid a Crash in Your New Electric Car: Chris Bryant
- FL US : Foot Locker Drops as Outlook Misses, Dividend Not Resumed
- G1A GY : GEA Group FY Adjusted Ebitda Beats Estimates
- GET FP : Getlink Feb. Passenger Shuttle Traffic Y/y -9%
- GFT GY : GFT 2024 Revenue Forecast Misses Estimates
- GLJ GY : Grenke FY Net Income Beats Estimates
- HES US : Arbitration by Exxon Enhances Hess' Scarcity Value: React
- BOSS GY : Hugo Boss Sees 2024 Sales About EU4.3B to EU4.45B
- DEC FP : JCDecaux Sees 1Q Organic Adjusted Revenue About +9%, Est. +9.26%
- JMT LN : J. Martins 4Q Net Income Beats Estimates
- JUP LN : Jupiter’s Next Big Challenge Is Key-Man Risk After Client Exits
- KARN SW : Kardex FY Ebit Meets Estimates
- LHA GY : Lufthansa Sees 2024 Adj. EBIT On Prior Year Level
- LULU US : Lulu's Fashion Sees 2024 Net Rev. $350M to $370M, Est. $363.8M
- MC FP : LVMH-Backed L Catterton Raises Stake in Tod’s to 6.73%
- MRK GY : Merck KGaA FY Adjusted Ebitda Meets Estimates
- MLP GY : MLP 2024 Ebit Forecast Misses Estimates
- NEXI IM : Nexi Books €1.26B Impairment; Announces Up to €500m Buyback (1)
- NVDA US : Nvidia Directors Sell $180 Million in Shares as Insiders Cash In
- EUROB GA : Greece Sets €4/Share as Price for Piraeus Bank Stake Sale
- P911 GY : VW, Porsche Recall 12,000 Vehicles in Japan on Display Glitch
- PSM GY : ProSieben Sees 2024 Revenue About EU3.95B, Est. EU3.95B
- 1910 HK : Carlyle, CVC, KKR Said to Be Among Buyout Firms Eyeing Samsonite
- SFER IM : Salvatore Ferragamo FY Net Income Meets Estimates, Ferragamo Still Has Much Work to Achieve Turnaround: Street Wrap
- SFER IM : Salvatore Ferragamo FY Net Income Meets Estimates, Ferragamo Still Has Much Work to Achieve Turnaround: Street Wrap
- SWTQ SW : Schweiter FY Ebitda Meets Estimates
- SFSN SW : SFS FY Ebit Misses Estimates
- 000660 KS : SK Hynix Invests $1 Billion in Key AI Memory Chip Technology
- SWIN US : Solowin Rises 135%: Chinese US Listings
- SPIE FP : Spie FY Ebita Beats Estimates
- UHR SW : Swatch Proposes Election of Marc Hayek as Board Member
- TEP FP : Teleperformance Revenue Misses, Margin Disappoints: Street Wrap
- TSLA US : SpaceX: Third Starship Flight Test May Launch Soon as March 14
- TIT IM : Telecom Italia Proposes 15-Member Slate for Board Renewal
- TIT IM : Telecom Italia Unveils Plans to Cut Debt-Profit Ratio in Half
- TOBII SS : Tobii Sets Subscription Price of SEK2.36/Share in Rights Issue
- VSCO US : Victoria's Secret's Low 1Q Guidance Offsets Adj. EPS Beat: React
- TOD IM : LVMH-Backed L Catterton Raises Stake in Tod’s to 6.73%
- UQA AV : Uniqa FY Pretax Profit EU426M Vs. EU421.7M Y/y
- VOD LN : Vodafone Seeks New Co-Investors for Greek Fiber Business
- VOW3 GY : VW, Porsche Recall 12,000 Vehicles in Japan on Display Glitch
- YAR NO : Intrepid Potash 4Q Adjusted Ebitda Beats Estimates