Global equities rose to a record on optimism that the US and Iran were nearing a deal, adding fresh momentum to a rally powered by a surge in technology shares and enthusiasm around artificial intelligence. The MSCI All Country World Index advanced 0.3% and MSCI’s Asian gauge jumped 1.9%, with both reaching records. That was driven by a catch-up surge in Japan’s Nikkei 225 index, which also touched an intraday high. South Korea, a bellwether for tech investments, surpassed Canada as the world’s seventh-largest equity market by value. Technology shares outperformed and SoftBank Group Corp. surged 18%, while Taiwan Semiconductor Manufacturing Co. gained 3.3%. Futures contracts indicated a small advance for European stocks at the open, while US equity-index futures were little changed. Asian gains followed Wall Street gauges also closing at record highs on Wednesday as traders boosted bets on further gains as about 80% of companies in the S&P 500 Index reported better-than-estimated earnings in the current season. Adding to the sentiment, Brent crude held most of its losses from the prior session, trading just under $102 a barrel, on speculation a US-Iran deal will help resume the shipment of oil through the crucial Strait of Hormuz. A Bloomberg gauge of the dollar hovered around pre-war levels and Treasuries held their advance with traders curbing bets on Federal Reserve interest-rate hikes as inflation expectations eased. Prospects for lower rates boosted the appeal of gold, a non-yielding asset, with the yellow metal gaining for a third day to about $4,700 an ounce. The moves reflected optimism over easing Middle East tensions as the US and Iran circled a fresh proposal to end the nearly 10-week conflict. Easing tensions helped global equities erase war-driven losses and push to fresh highs, as lower oil prices reduced inflation concerns and revived momentum in the artificial intelligence trade. The yen remained in focus, with the currency trading little changed around 156.30 per dollar in Asian trade after rallying on Wednesday amid speculation that officials are intervening in the market. Elsewhere, Asia’s primary dollar bond market sprang to life on Thursday, with four issuers marketing US dollar notes, including a multi-currency benchmark from the Hong Kong government. Spreads in the region hit fresh record lows on optimism over a potential US-Iran deal. Washington has presented a one-page memorandum of understanding that would gradually reopen the Strait of Hormuz and lift the American blockade on Iranian ports, according to a person familiar with the measure. Detailed negotiations over Iran’s nuclear program would come later in the process, the person said, adding that nothing has yet been agreed. The move came after Trump suspended a short-lived US mission to offer safe passage for commercial ships through the strait, a vital waterway for oil and gas. Iran’s response is awaited. Adding to his urgency is a summit scheduled next week with Chinese President Xi Jinping, which already was postponed in the early days of the conflict because of the Middle East backdrop. Trump said the war has “a very good chance of ending” and there’s a possibility that happens before his trip to Beijing next week, according to an interview with PBS News Hour. China’s top diplomat called for the swift reopening of Hormuz in a meeting with his Iranian counterpart. US After Hours FTNT +17.6%, SEZL +13.1%, KLIC +13%, DASH +11.9%, EZPW +9.2% higher on earnings; CCRN +27.7% being acquired; FSLY -24.9%, ADMA -24.2%, AOSL -22.4%, WHR -16.5%, NRDS -13.4% lower on earnings.
Nikkei +5.99% Hang Seng +1.38% CSI +0.21% Shanghai +0.21% Shenzen +0.21%
Eur$ 1.1753 CNH 6.8043 CNY 6.8049 JPY 156.36 GBP 1.3597 CHF 0.7790 RUB 74.9289 TRY 45.2444 WTI$ 95.48 +0.42% Gold 4,703 +0.44% BTC 81,040 -0.47% ETH 2,330 -0.86%
S&P +0.06% Nasdaq +0.02% EuroStoxx +0.05% FTSE +0.10% Dax -0.11% SMI +0.18%
Macro :
- CDC Monitoring Hantavirus Ship; Risk is ‘Extremely Low’
- Mbappé Will Power France to World Cup Gold Over Spain, BofA Says
- Mbappé Will Power France to World Cup Gold Over Spain, BofA Says
- Point72 Creates New Asia Equity Unit Led by Star Manager Lau
- US Aims for July 4 Delivery of Qatari-Gifted AF1, Reuters Says
Keep an eye on :
Keep an eye on :
- AC FP : Accor China Posts 25% Growth in Inbound Bookings in 1Q, CEO Says
- ABL NO : ABL Group 1Q Revenue Misses Estimates -->+9%
- ALB US : Albemarle Shares Jump as Lithium Recovery Delivers Earnings Beat
- AMS SW : AMS-Osram 1Q Revenue Beats Estimates
- APA US : APA Corp 1Q Adjusted EPS Beats Estimates
- ARGX BB : Argenx 1Q Vyvgart Sales Beat Estimates
- AMVO GY : Aumovio 1Q Adjusted Ebit EU106M Vs. EU93M Y/y
- ALATA FP : Atari Buys Rights to the Legendary Wizardry RPGS
- ARM US : ARM Holdings Sees 1Q Revenue $1.21B to $1.31B, Est. $1.25B
- AKRBP NO : Aker BP 1Q Income Pre-Tax Beats Estimates
- AVOL SW : Avolta 1Q Organic Revenue Beats Estimates
- BAMNB NA : BAM Order Book at Period End EU13B
- BEWI NO : BEWI 1Q Sales Above Estimates
- BP/ LN : BP License to Work With Iranian, Russian Partners Extended by US
- BYND US : Beyond Meat 2Q Net Revenue Forecast Misses Estimates
- EN FP : Bouygues 1Q Adjusted Current Operating Income Misses Estimates
- 1211 HK : BYD, Tesla May Face Import Caps as Canada Works Out China Quota
- CPR IM : Campari ADRs Gain as Jefferies Calls Results Solid: Street Wrap
- CPR IM : Campari ADRs Gain as Jefferies Calls Results Solid: Street Wrap
- CPK US : Chesapeake Utilities 1Q Adjusted EPS Beats Estimates
- 1 HK : Li Ka-shing Plans More Telecom Sales in ‘Cash Is King’ Strategy
- COHR US : Coherent Corp 4Q Revenue Forecast Beats Estimates *COHERENT FALLS 7% ON 3Q RESULTS, 4Q OUTLOOK
- CTT PL : CTT 1Q Net Income EU4.5M Vs. EU5.5M Y/y
- CYTK US : Cytokinetics Offering of 9.86m Shares Prices at $71/Share
- DBAN GY : Deutsche Beteiligungs Confirms FY Forecast
- EDP PL : EDP SA 1Q Net Income Beats Estimates
- ELK NO : Elkem Offering of 55.6m Shares Prices at NOK27/Share: Terms
- ZIL2 GY : ElringKlinger 1Q Ebitda EU58.4M Vs. EU41.9M Y/y
- LLY US : Lilly’s Mounjaro Overtakes Merck’s Keytruda as Top-Selling Drug
- ENGI FP : Engie’s First-Quarter Profit Slips 15% on Lower Energy Sales, Engie 1Q Ebit Excluding Nuclear Beats Estimates
- EUROB GA : Eurobank Buys 80% Stake in Eurolife for About €813 Million
- FBK IM : FinecoBank 1Q Revenue Meets Estimates
- GLPG NA : Galapagos 1Q Cash & Other EU2.98B
- GFT GY : GFT Maintains FY Revenue Forecast
- GT US : Goodyear 1Q Adjusted Loss per Share 39C, Est. Loss/Shr 44C
- HABA GY : Hamborner REIT 1Q FFO EU11.7M
- Hawkeye 360 IPO : Surveillance Firm Hawkeye 360 Said to Raise $416 Million in IPO
- HEN3 Gy : Henkel 1Q Organic Sales Beat Estimates
- ITK LN : Intertek Primed to Reject EQT’s Latest Takeover Bid: FT
- IPI US : Intrepid Potash 1Q Potash Sales $46.1M Vs. $43.6M Y/y
- INTRUML SS : Intrum Plans SEK7.5b Capital Raise To Accelerate Deleveraging
- INS GY : Instone Real Estate 1Q Adjusted Revenue EU79.3M Vs. EU105.0M Y/y
- IVN CN : Ivanhoe Mines 1Q Revenue Meets Estimates
- IVG IM : Iveco 1Q Consolidated Revenue EU2.83B Vs. EU2.81B Y/y
- JMT PL : J. Martins 1Q Ebitda Beats Estimates
- JMT PL : J. Martins 1Q Ebitda Beats Estimates
- JUN3 GY : Jungheinrich 1Q Ebit Margin Misses Estimates
- LI FP : Klepierre 1Q Net Rental Income EU269.6M Vs. EU262.2M Y/y
-MEKO SS : Meko 1Q Ebit SEK173M
- NOBA SS : Noba Sees Room For Credit Loss Level to Decrease in Medium Term
- KTN GY : Kontron 1Q Revenue EU363.7M Vs. EU357.5M Y/y
- KTT GY : Kontron Says Ennoconn Is Mulling €23.50/Share Takeover Bid
- LWS GY : Lanxess 1Q Sales Miss Estimates
- LR FP : Legrand 1Q Organic Revenue Beats Estimates
- LNZ AV : Lenzing 1Q Ebitda Beats Estimates
- LOOMIS SS :
- META US : Meta-Backed Scale AI Wins $500 Million Defense Department Deal
- MORLD NO : Moreld Reports 1Q Revenue of NOK 1.4 Billion, Compared With FactSet Consensus Estimates of NOK 1.39 Billion
- NKR NO : Nekkar 1Q Revenue Misses Estimates
- NKT NO : NKT Partners With AKEA to Power 3 Data Centers
- NEXI IM : Nexi 1Q Operating Revenue Meets Estimates
- PANW US : Loomis 1Q Net Sales Meet Estimates
- PST IM : Poste Italiane 1Q Adjusted Ebit Beats Estimates
- QIA GY : Qiagen 1Q Adjusted EPS Matches Estimates
- RAUTE FH : Raute 1Q Sales Miss Estimates
- RECSI NO : REC Silicon 1Q Ebitda Loss $3.8M Vs. Loss $3.7M Q/Q
- RHM GY : Rheinmetall 1Q Vehicle Systems Sales Miss Estimates
- SFQ GY : SAF-Holland SE 1Q Adjusted Ebit Beats Estimates
- SANOMA FH : Sanoma 1Q Revenue Meets Estimates
- SGL GY : SGL 1Q Adjusted Ebitda EU29.6M Vs. EU33.5M Y/y
- SHEL LN : Shell 1Q Adjusted Profit Beats Estimates
- SHL GY : Siemens Healthineers Cuts FY Comparable Sales Forecast, Siemens Healthineers Trims Outlook as China Policy Hits Revenue
- SINCH SS : Sinch 1Q Net Sales Beat Estimates
- SKAB SS : Skanska 1Q Revenue Misses Estimates
- SOLB BB : Solvay 1Q Underlying Ebitda Misses Estimates
- STERV FH : Stora Enso 1Q Adjusted Ebit Beats Estimates
- SMHN GY : SUSS MicroTec 1Q Ebit Beats Estimates
- SREN SW : Swiss Re 1Q Net Income Beats Estimates, Swiss Re Warns of Inflation Risks as Net Income Beats Estimates
- SCMN SW : Swisscom 1Q Net Revenue Misses Estimates
- TEN IM : Tenaris 1Q Net Income $564.2M
- TEN IM : Billionaire Paolo Rocca Steps Down as Tenaris CEO After 24 Years, Tenaris Appoints Gabriel Podskubka as CEO
- TRUEB SS : Truecaller 1Q Revenue Beats Estimates
- VEI NO : Veidekke 1Q Revenue Beats Estimates
- V1NC GY : Vincorion 1Q Revenue Grows 40% to ~EU69m
- WAC GY :Wacker Neuson 1Q Ebit EU41.5M Vs. EU12.1M Y/y
- WES US : Western Midstream to Pay $1.6 Billion for Permian Pipelines
- WHR US : Whirlpool Drops as Reduced FY Revenue Guide Misses Estimates -->-19%
- ZEAL DC : Zealand Pharma 1Q Net Loss DKK394M, Est. Loss DKK628M