Most Asian shares rose, following their US peers higher, as investors positioned for a second Donald Trump presidency and an expected Federal Reserve interest-rate cut. Equity gauges rallied in Hong Kong and China on expectations that Beijing will roll out more stimulus. That was after the S&P 500 surged 2.5% Wednesday, its best post-election day in history, and the Nasdaq 100 advanced 2.7%. The Fed is forecast to trim its benchmark rate by a quarter point Thursday. The gains for US stocks reflected expectations that a Trump policy agenda favoring lower taxes and less regulation may support corporate profits. At the same time, Treasury 10-year yields surged 16 basis points on Wednesday on expectations the president-elect’s fiscal plans and proposal to hike tariffs will boost inflation and erode the Fed’s ability lower rates. Chinese stocks opened lower but then swung to a gain. Consumer and property shares rallied as traders bet Beijing would shift its focus to boosting domestic demand to offset any negative impact from Trump’s return to the White House. Chinese policymakers lowered their daily reference rate for the yuan to the lowest since late 2023, a sign the central bank is allowing depreciation after a surge in the dollar pummeled the currency. In other positive news, China’s export growth surged in October to the fastest pace in more than two years, extending a months-long run of resilience that helped sustain the economy before a barrage of stimulus measures aimed at shoring up domestic demand. China’s regulators have told the nation’s banks to lower the rates they pay for demand deposits from other financial institutions in a move to free up idle funds to boost the economy, according to people familiar with the matter. The yen rose in Asian trade after Japan’s chief currency official Atsushi Mimura said the authorities will take appropriate action against excessive currency moves. The currency had tumbled about 2% on Wednesday following Trump’s victory. Bloomberg’s dollar index ticked lower in Asia after jumping about 1.3% on Wednesday. Treasury 10-year yields slipped one basis point to 4.42%. Spreads on Asian investment-grade dollar bonds tightened to a record low, with yield premiums on the notes declining by at least one basis point, according to credit traders. Spreads had narrowed to 73 basis points Wednesday, then the lowest based in data compiled by Bloomberg stretching back to 2009. Fed officials are widely forecast to lower their benchmark rate by 25 basis points at the end of their two-day meeting, a move that will come on the heels of the half-point cut in September. They have projected one more quarter-point reduction this year and an additional full point of reductions in 2025, according to the median estimate released in September. Wall Street’s “fear gauge” — the VIX — tumbled Wednesday by the most since August. Almost 19 billion shares changed hands on US exchanges, 63% above the daily average in the past three months. Bitcoin, viewed by many as a so-called Trump trade after he embraced digital assets during his campaign, slipped Thursday after rising to a record high the day before. Oil gained after a roller-coaster session on Wednesday as traders weighed the likely impact of Trump’s election victory on the crude market. US After Hours APP +28.4%, LYFT +21.5%, BROS +16.8%, FRSH +15.4%, ZG +14.3%, GH +13.4%, QCOM +6% higher on earnings; APPS -41%, CDLX -29.9%, SEDG -21.1%, MELI -9.2%, DUOL -5.9% lower on earnings.
Nikkei -0.25% Hang Seng +1.53% CSI +2.61% Shanghai +2.25% Shenzen +2.21%
Eur$ 1.0742 CNH 7.1903 CNY 7.1754 JPY 154.09 GBP 1.2929 CHF 0.8751 RUB 97.8173 TRY 34.2080 WTI$ 72.03 +0.47% Gold 2,655 -0.14% BTC 74,666 -1.70% ETH 2,825 +5%
S&P +0.17% Nasdaq +0.30% EuroStoxx +0.50% FTSE +0.37% Dax +0.39% SMI +0.39%
Macro :
- EU Regulators Probe if Visa, Mastercard Fees Harm Retailers:Rtrs
- Trump Has Tools to Fire Powerful Financial Regulator in Term Two
- Scholz Fires Finance Minister, Raising Prospect of New Election
Keep an eye on :
Keep an eye on :
- AALB NA : Aalberts 10-Month Org. Revenue -2.9%, in Line With Views
- ADYEN NA : Adyen 3Q Net Revenue Misses Estimates (1)
- ALFEN NA : Alfen 3Q Revenue Beats Estimates
- ALMB DC : Alm Brand Boosts FY Pretax Profit Forecast, Beats Estimates (1)
- AMS SM : Amadeus 3Q Net Income Beats Estimates
- AMG NA : AMG 3Q Net Loss $13.4M
- AMS SW : AMS-Osram 4Q Revenue Forecast Misses Estimates
- ANIM IM : Banco BPM Launches Bid for Anima Valuing Firm at €2 Billion
- ANORA FH : Anora Group Oyj 3Q Net Sales Misses Estimates
- MT NA : ArcelorMittal 3Q Ebitda Beats Estimates, ArcelorMittal Says Market Unsustainable But Sees Demand Pick-up
- ARM US : ARM Holdings Sees 3Q Revenue $920M to $970M, Est. $950.9M
- ASTK DC : Asetek Hires ABG as Financial Adviser for Rights Issue
- ASTS US : AST SpaceMobile Slips as Election May Give Rival SpaceX a Leg Up
- AUTO NO : Autostore 3Q Adjusted Ebitda Beats Estimates
- BALN SW : Cevian’s Baloise Move Triggers Top Europe Insurers to Study Deal
- BAMNB NA : BAM 9M Revenue EU4.62B Vs. EU4.54B Y/y
- BAMI IM : Banco BPM Unit Starts Takeover Bid on Anima at €6.20 Per Share
- BEN FP :Beneteau 3Q Revenue EU193.9M Vs. EU315.6M Y/y Vontobel AUM CHF227.6B end of Sept. vs CHF206.8B Y/Y
- BPE IM : BPER Banca 3Q Revenue Beats Estimates
- BRNK GY : BRANICKS Group AG 9M FFO per Share EU0.43 Vs. EU0.4 Y/y
- BT/A LN : BT 1H Adjusted Ebitda Matches Estimates
- CAMX SS : Camurus 3Q Revenue Misses Estimates, Camurus Boosts FY Pretax Profit Forecast
- CMBT BB : CMB Tech NV 3Q EPS Beats Estimates
- CRI FP : Chargeurs 3Q Revenue EU165.3M Vs. EU148.6M Y/y
- CTY1S FH : Citycon Narrows FY EPRA EPS Forecast
- CTY1S FH : Citycon Narrows FY EPRA EPS Forecast
- COL SM : Colonial to Analyze Absorbing SFL Unit Through a Possible Merger
- COP GY : CompuGroup 3Q Adjusted Ebitda Beats Estimates
- COTY US : COTY: Coty reports Q1 adjusted EPS 15c, consensus 19c
- CRH LN : CRH Said to Weigh Fresh Sale Attempt for Philippines Cement Unit
- CYTK US : Cytokinetics 3Q Total Revenue Misses Estimates
- DFDS DC : DFDS Maintains FY Revenue Forecast
- DTG GY : Daimler Truck 3Q Adjusted Ebit Beats Estimates
- DBV FP : DBV Tech 3Q Loss per Share 32C, Est. Loss/Shr 35C
- DHER GY : Delivery Hero 3Q Gross Merchandise Value Meets Estimates
- DEZ GY : Deutz 3Q Adjusted Ebit Misses Estimates
- DNO NO : DNO 3Q Ebitda Misses Estimates
- DUE GY : Duerr 3Q Adjusted Ebit Beats Estimates
- ENEL IM : Enel 9M Adjusted Net Income Beats Estimates
- ENGI FP : Engie 9M Ebit Excluding Nuclear EU7.1B Vs. EU8.0B Y/y, Engie Signals Upbeat Earnings View Even as 9-Month Profit Slips
- GN DC : GN Store Nord Sees 2024 Organic Revenue Growth of 1% to 2%
- GiLD US : Gilead Boosts FY Adjusted EPS Forecast, Beats Estimates
- HABA GY : Hamborner REIT Boosts FY FFO Forecast
- HEI GY : Heidelberg Materials 3Q Oper Ebitda Matches Estimates
- HTWS LN : Helios Towers 3Q Adjusted Ebitda Matches Estimates
- HEX NO : Hexagon Composites 3Q Ebitda Beats Estimates
- ITP FP : Interparfums Inc 3Q EPS Beats Estimates
- INS GY : Instone Real Estate 9M Adjusted Net Income EU29M Vs. EU37.1M Y/y
- ICOS IM : Intercos 3Q Revenue EU275.2M Vs. EU246.7M Y/y
- IVG IM : Iveco 3Q Consolidated Revenue Beats Estimates
- KBC BB : KBC 3Q Net Income Beats Estimates (1)
- SKB GY : Koenig & Bauer 9M Ebit Loss EU6.8M Vs. Loss EU2.1M Y/y
- LXS GY : Lanxess 3Q Adjusted Ebitda Margin Beats Estimates
- MC FP : Bulgari CEO Sees China Luxury Market Recovering in Next 2 Years
- MEKO SS : Meko 3Q Revenue SEK4.40B Vs. SEK4.12B Y/y
- MUSTI FH : Musti Group 4Q Operating Profit EU5.80M Vs. EU10.7M Y/y
- MUV2 GY : Munich Re Sees FY Profit Above EU5B, Saw EU5B
- NEM GY : Nemetschek 3Q Ebitda Meets Estimates
- NDX1 GY : Nordex Sees FY Ebitda Margin High End of 3% to 4%, Saw 3% to 4%
- PIHLIS FH : Pihlajalinna 3Q Ebit Beats Estimates
- PIRC IM : Pirelli Chinese Investor Probed on Possible Golden Power Breach
- QIA GY : Qiagen Boosts FY Adjusted EPS Forecast
- QLYS US : Cybersecurity Company Qualys Is Said to Explore Potential Sale
- QCOM US : Qualcomm Sees 1Q Rev. $10.5B to $11.3B, Est. $10.54B: Snapshot
- RAA GY : Rational 3Q Ebit Beats Estimates
- RECSI NO : REC Silicon 3Q Revenue $33.8M Vs. $37.7M Q/Q
- RHM GY : Rheinmetall Extends Contract of CEO Papperger, Replaces CFO
- ROVI SM : Rovi 9M Net Income EU113.5M Vs. EU118.8M Y/y
- RWE GY : Elliott Is Said to Take Stake in RWE, Call for Share Buyback
- SBRY LN : Sainsbury 1H Revenue Meets Estimates
- SESG FP : SES Maintains FY Adjusted Ebitda Forecast
- SGL GY : SGL 9M Adjusted Ebitda EU127.6M Vs. EU130M Y/y
- STLA US : Stellantis to Lower Production, Cut Jobs at Toledo Plant
- STORB SS : Storskogen 3Q Ebit Beats Estimates
- SMHN GY : SUSS MicroTec 3Q Ebit Beats Estimates
- SREN SW : Swiss Re Now Sees FY Net Income Above $3B, Saw Above $3.6B
- TATE LN : Tate & Lyle 1H Adjusted Pretax Profit Beats Estimates
- TEF SM : Telefonica 3Q Adjusted Ebitda Matches Estimates, Telefonica Profit Drops After Impairment on Peru Unit, Inflation
- TEP FP : Teleperformance Has Sequential Like-For-Like Growth: Street Wrap
- TEN IM : Tenaris 3Q EPS Beats Estimates
- TRIP US : TripAdvisor 3Q Adjusted EPS Beats Estimates
- TRUEB SS : Truecaller 3Q Ebit Beats Estimates
- UBER US : Ride-Hailing Drivers in Massachusetts Win Right to Unionize
- VK FP : Vallourec Says Safeguard Plan Implemented in 2021 Has Ended
- VLA FP : Valneva Narrows FY Revenue Forecast
- VEI NO : Veidekke 3Q Revenue Misses Estimates
- VIE FP : Veolia 9M Ebitda EU4.94B Vs. EU4.79B Y/y
- VONN SW : Vontobel AUM CHF227.6B end of Sept. vs CHF206.8B Y/Y
- WEW GY : Westwing Group 3Q Adjusted Ebitda EU3.5M; Confirms FY Guidance
- XXL NO : XXL Announces Fully Underwritten Rights Issue of NOK 600M
- ZEAL DC : Zealand Pharma Maintains FY Net Operating Expense Forecast
- Zentiva : Advent Said to Mull €5 Billion Sale of Generic Drugmaker Zentiva
- ZURN SW : Zurich Ins. 9M P&C Gross Written Premiums $36.13B