Asian equities stage a surprise rally despite Monday’s Wall Street weakness and the worst Caixin services PMI since February. Nikkei index adds 1%, Hang Seng 0.7% firmer while Kospi gains 0.8% following Samsung earnings beat. CSI 300 index 1.1% higher; onshore yuan 0.3% stronger after solid PBOC fixing. Nasdaq futures gain 0.5%, Treasuries better offered with 10-year yield up 3bps near 1.59%. JGB futures slide after U.S. and Japan sign a trade deal and household consumption data matches estimates. Bloomberg dollar index marginally softer; kiwi outperforms G-10 peers with 0.4% gain. WTI crude climbs near $53.10; Dalian iron ore 1.2% stronger
US After Hours QGEN -8% / HA +5.5% following guidance
Nikkei +0.99% Hnag Seng +0.67% CSI +0.87% Shanghai +0.51% Shenzen +0.36%
Eur$ 1.0984 JPY 107.38
S&P +0.33% EuroStoxx +0.29% Dax +0.38% SMI +0.03%
Macro :
- WeWork in Talks With SoftBank on New $1b Financing: Reuters
- China Confirms Liu He, PBOC’s Yi to Attend Trade Talks in U.S.
Keep an eye on :
- AIR FP : Airbus Logged Orders for 41 Jetliners in September
- AF FP : Air France-KLM Sept. Group Passenger Traffic Rises 3.1%
- ARYN SW : Aryzta Full Year Revenue Meets Estimates
- ANA SM : Nordex SE launches capital increase via private placement to its anchor shareholder Acciona S.A.
- AUTN SW : Autoneum Names New CEO; Warns 2H Results Won’t Improve --> -4.5% pre-mkt
- BO DC : Bang & Olufsen Names Kristian Tear CEO, Replacing Henrik Clausen
- CLNX SM : *CELLNEX TO BUY ARQIVA TELECOMS DIVISION FOR GBP2B CONSIDERATION
- EZJ LN : Ferrexpo Sees FY Output 10.4-10.6MT vs 10.6MT Earlier Guidance
- ERICB SS : US Eyes Support to Nokia, Ericsson to Compete With Huawei:FT(1)
- FXPO LN : Ferrexpo Sees FY Output 10.4-10.6MT vs 10.6MT Earlier Guidance
- GALP PL : Galp 3Q Net Entitlement Output Rises 21% Y/y to 124 Kboepd (1)
- GFC FP : Gecina’s French Office Tailwinds to Continue: Morgan Stanley
- BOWL LN : Hollywood Bowl Sees Earnings Slightly Ahead of Market Views
- JOG LN : Jersey Oil Says Equinor Won’t Exercise Option Over Buchan Stake
- LSE LN : HKEX Drops $36.4 Billion Bid for the London Stock Exchange (2)
- METSB FH : Metsa Board 3Q Adj. Oper Profit EU42M, Est. EU33.6M
- NOKIA FH : US Eyes Support to Nokia, Ericsson to Compete With Huawei:FT
- NDX1 GY : Nordex Issues Shares to Acciona, Triggering Takeover Offer
- OSR GY : Osram’s MDAX Weight to Drop Due to Lower Free Float: Dt. Boerse
- OSR GY : Bain, Carlyle Bid for Osram Has Lapsed, Period Ended October 1
- MRW LN : Safeway Pension Fund Loses EU Court Case Over Retirement Age (1)
- STCK LN : Stock Spirits Says Performance is in Line With Expectations
- STM FP : Watch Chip Stocks After Samsung’s Strong Quarterly Profit Beat
- THULE SS : Thule Potential Clouded by Tariff Headwinds: Handelsbanken
- UN01 GY : Fortum Agrees to Acquire Majority in Uniper
- WDI GY : Wirecard Increases 2025 Revenue, Ebitda Targets (1)