Asian stocks eked out gains on Tuesday, following Wall Street’s advance on optimism the Federal Reserve will start cutting interest rates this year. The yen dropped. A gauge of regional equities is set for its longest run of gains since February, helped by rally in Japanese, Korean and Australian shares. While the Nikkei 225 jumped as much as 1.6% as investors in Tokyo returned to work after a holiday, markets in Hong Kong and Shanghai swung between losses and gains. The yen fell after Japan’s top currency official Masato Kanda said there was no need for the government to intervene if the market is functioning properly. Global equity markets are getting a lift as investors revise their Fed policy bets due to soft US jobs data. Beijing’s latest supportive policy stance is helping to boost Chinese shares and the onshore yuan. With investors now cautiously boosting their bets for Fed easing this year, the bond market has welcomed signs of a cooling US labor market. Having slipped for several sessions, the yield on US 10-year Treasuries stood little changed on Tuesday. Australia’s 10-year yield was steady. Fed Bank of Richmond President Thomas Barkin said he expects high rates to slow the economy further and cool inflation to the 2% target. His New York counterpart John Williams said eventually there will be rate cuts — but the decision on when will depend on the totality of the data. Australia’s central bank is expected to keep its key interest rate on hold Tuesday, while reinstating a hawkish bias to acknowledge sticky consumer prices. In China, sentiment got a fillip from news that the technology hub of Shenzhen joined other major cities in easing home buying rules as authorities try to revive the beleaguered real estate market. US After Hours ZETA +15.5%, COHR +11.3%, AMBC +10% among big gainers following earnings; JELD -8%, LCID -7.7%, PLTR -6.1% slipping on quarterly results.
Nikkei +1.31% Hang Seng -0.47% CSI +0.07% Shanghai +0.18% Shenzen +0.16%
Eur$ 1.0769 CNH 7.2205 CNY 7.2169 JPY 154.57 GBP 1.2555 CHF 0.9074 RUB 91.3184 TRY 32.2803 WTI$ 78.73 +0.32% Gold 2,322 -0.07% BTC 63,300 +0.00% ETH 3,059 -0.60%
S&P +0.01% Nasdaq -0.07% EuroStoxx +0.22% FTSE +1.05% Dax +0.17% SMI +0.43%
Macro :
- Corn Erases 2024 Losses on Concerns Over Tighter Global Supply
- Segantii Allegations Roil a Go-To Block Trader for Global Banks
Keep an eye on :
Keep an eye on :
- YOU GY : About You 4Q Adjusted Ebitda Loss EU7.8M, Est. Loss EU8.35M
- AMS SM : Amadeus’ Till Streichert to Step Down as CFO
- AMS SM : Amadeus’ Till Streichert to Step Down as CFO
- AMZN US : Amazon Commits $9 Billion to Double Singapore Cloud Investment
- AMUNF P : Amundi, Pictet Lead Contrarian Wave to US Stock Exceptionalism
- ANORA FH : Anora Group Oyj 1Q Net Sales Misses Estimates
- AAPL US : Apple Is Working on Its Own AI Chip for Data Centers, WSJ Says
- AKE FP : Arkema 1Q Ebitda Margin Beats Estimates
- ASMI NA : ASMI Sales Upside as Memory Chipmakers Double Down on AI: React
- ASPO FH : Aspo 1Q Net Sales Meets Estimates
- BEN FP : Beneteau 1Q Revenue Beats Estimates
- OWL US : Blue Owl Said Nearing Deal to Buy Linden Capital Partners Stake
- BA US : Boeing Starliner Launch Is Postponed Due to Issue With Rocket
- EN FP : Bouygues 1Q Current Operating Income Misses Estimates
- BP/ LN : BP 1Q Adjusted Ebit Beats Estimates
- CTM SS : Catena Media Making Organisational Changes as 1Q Revenue Slides
- COFA FP : Coface 1Q Net Income Beats Estimates
- COFA FP : Coface 1Q Net Income Beats Estimates
- COLOB DC : Coloplast Sees FY Rev. +10% to +11%, Saw About +11%, Est. +7.73%
- DANSKE DC : Danske Joins Citi, BNP Paribas Investing in Fintech M&A Company
- DHL GY : DHL Group 1Q Ebit Beats Estimates
- DSFIR NA : DSM-Firmenich Completes Buyback of 1m Shares at Average €104.94
- ELIS FP : Elis 1Q Organic Revenue Beats Estimates
- ZIL2 GY : ElringKlinger Confirms Guidance as 1Q Ebit Beats Estimates
- FINGB SS : Fingerprint Cards 1Q Revenue SEK146.4M
- FME GY : Fresenius Medical Care 1Q Operating Income Misses Estimates
- GBLB BB : GBL Opens Italian Unit, Hires Ex-Tikehau Executive Bucelli
- GEBN SW : Geberit 1Q Ebitda Beats Estimates; New Buyback
- GLEN LN : Glencore Sells Controlling Stake in Volcan Compañia Minera
- HEI GY : Heidelberg Materials Forecasts FY Results
- HEIJM NA : Heijmans Maintains FY Revenue Forecast
- HAG GY : Hensoldt 1Q Order Intake Meets Estimates
- HOFI SS : Hoist Finance Raises ERC Amount After Correction of 1Q Report
- IFX GY : Infineon Margin Outlook Misses as Carmakers Buy Fewer Chips, *INFINEON CUTS FY REVENUE, SEGMENT RESULT MARGIN OUTLOOK
- IPCO SS : IPC Maintains FY Net Average Production Forecast
- JELD US : Jeld-Wen Shares Fall as Adjusted Ebitda Forecast Falls Short
- JUN2 GY : Jungheinrich 1Q Ebit Misses Estimates
- KCO GY : Kloeckner 1Q Adjusted Ebitda EU42M Vs. EU65M Y/y
- SKB GY : Koenig & Bauer 1Q Revenue EU253.2M Vs. EU281M Y/y
- LHA GY : Lufthansa Names Till Streichert New CFO
- BMPS IM : Monte Paschi Profit Beats Estimates Boosted by Fees, Comissions
- NETC DC : Netcompany Danish State Contracts Exceed Budgets by 15%: Borsen
- NWO GY : New Work Maintains FY Pro Forma Ebitda Forecast
- NOEJ GY : Norma 1Q Adjusted Ebit Beats Estimates
- NVDA US : Apple Is Working on Its Own AI Chip for Data Centers, WSJ Says
- NVDA US : Nvidia Backs UK Self-Driving Startup Wayve in $1 Billion Round
- OERL SW : Oerlikon 1Q Ebitda Margin Beats Estimates
- PEHN SW : Private Equity Holding AG: Annual Results / Annual General Meeting on June 3, 2024 in Zug
- PSPN SW : PSP Swiss FY Adjusted Ebitda Forecast Beats Estimates
- RAIVV FH : Raisio 1Q Adjusted EPS Beats Estimates
- REC IM : CVC Hires JPMorgan, Goldman on Options for Recordati: Sole
- RXL FP : REXEL to Buy Talley
- RVRC SS : RVRC Holding 3Q Net Sales Misses Estimates
- SAB SM : Sabadell Board Decides to Reject BBVA’s Takeover Approach
- SDZ SW : Sandoz Group 1Q Net Sales $2.49B Vs. $2.38B Y/y
- SFSN SW : SFS Buys Spain’s Etanco; No Deal Terms
- SHL GY : Siemens Healthineers 2Q Adjusted Ebit Misses Estimates
- SINCH SS : Sinch 1Q Net Sales Misses Estimates
- SOLB BB : Solvay 1Q Underlying Ebitda Beats Estimates
- STLA US : Stellantis UAW Members Vote to Authorize Strike at Plant
- STORB SS : Storskogen 1Q Ebit Beats Estimates
- TMV GY : TeamViewer 1Q Adjusted Ebitda Margin Misses Estimates
- TSLA US : VinFast’s EV Ambitions Get a Reality Check as Shares Plunge 65%
- TKO FP : GBL Opens Italian Unit, Hires Ex-Tikehau Executive Bucelli
- TTE FP : Prosecutors Seek More Information on Attack, AFP Says
- TRUEB SS : Truecaller 1Q Revenue Beats Estimates
- UBSG SW : UBS 1Q Net Income Beats Estimates
- UCG IM : UniCredit 1Q Net Income Beats Estimates
- VLA FP : Valneva 1Q Revenue Misses Estimates
- VFS US : VinFast’s EV Ambitions Get a Reality Check as Shares Plunge 65%
- WAC GY : Wacker Neuson 1Q Ebit EU36.9M Vs. EU87.8M Y/y
- ZAL GY : Zalando 1Q Adjusted Ebit Misses Estimates