Asian stocks followed gains on Wall Street after better-than-expected US payrolls data on Friday. Oil retreated more than 1% as traders monitored geopolitical tensions in the Middle East. Japanese shares led the region higher, while those in Taiwan and South Korea also advanced. Chinese equities fell as sentiment was damped by a winding up petition for Shimao Group. While the US jobs report “once again shows that US economy remains resilient in the face of high interest rates, focus shifts to US CPI release this week which will be a bigger test of whether the recent inflation bump is a trend or not,” said Redmond Wong, a market strategist at Saxo Capital Markets. Oil retreated from the start of Monday’s trade after Iran didn’t carry out any attack on Israel or its assets abroad over the weekend, helping to calm markets. The Islamic Republic vowed to retaliate against Israel for a deadly strike on an Iranian consulate in Syria last week. The People’s Bank of China kept the yuan’s reference rate within its recent range in its daily fixing Monday in a bid to stabilize the currency after its recent slide. The decision came as China’s financial markets reopened after a two-day holiday. US stock futures edged lower after the S&P 500 index and tech-heavy Nasdaq both climbed more than 1% on Friday after the jobs report.
Treasuries dropped in Asia as traders dialed back the prospect of Federal Reserve interest-rate cuts this year following the US jobs numbers. The unemployment rate fell to 3.8% in March, wages grew at a solid clip, and workforce participation rose, underscoring the strength of a labor market. The focus will soon shift to US March inflation data due mid-week. Prices may stay above the Fed’s target band, as first quarter corporate earnings season gears up with results from banks including JPMorgan Chase & Co. and Citigroup Inc. due on Friday.New Zealand’s central bank, the first to hike in the post-Covid tightening cycle, is expected to push back against easing bets when it delivers it next policy decision Wednesday. The European Central Bank is likely to keep its key rate unchanged as traders eye rate cuts within months. Gold reversed earlier losses after closing at a record high last week, as investors weighed the strong US jobs report that saw traders unwinding bets for Fed rate cuts.
Nikkei +0.75% Hang Seng +0.09% CSI -0.59% Shanghai -0.38% Shenzen -1.28%
Eur$ 1.0832 CNH 7.2487 CNY 7.2337 JPY 151.79 GBP 1.2629 CHF 0.9040 RUB 92.5941 TRY 32.0466 WTI$ 85.61 -1.50% Gold 2,343.50 BTC 69,380+0.09% ETH 3,420 +0.55%
S&P -0.13% Nasdaq -0.04% EuroStoxx +0.12% FTSE +0.11% Dax +0.19% SMI +0.35%
Macro :
- Europeans Losing vs. US in $150 Billion Investment-Bank Tussle
- Ermotti Says Europe Can’t Rely on Crises to Prompt Bank Mergers
- Ermotti Says Europe Can’t Rely on Crises to Prompt Bank Mergers
- SEC Wins Novel ‘Shadow’ Insider Trading Trial Against Executive
- Uranium Stocks Soar on Goldman Call, Kazakhstan Flooding
- EQB Is Planning to Sell AT1 Notes to Diversify Funding, CEO Says
- Gold Hits Record While Oil Rally Runs Out of Steam: Macro Squawk
- Russian FM Lavrov arrives in China on official visit
- Japan Could Host More Than 5.8 Million China Tourists in 2024
- CITIGROUP STRATEGISTS RAISE JAPAN EQUITIES TO OVERWEIGHT
Keep an eye on :
Keep an eye on :
- ACN US : Accenture to Buy CLIMB to Expand Technology Capabilities
- AIR FP : Airbus Canada Workers on A220 Line Reject Second Contract Offer
- AKRBP NO : Aker BP Prelim 1Q Avg Production Beats Estimates
- AKSO NO : Aker Solutions Wins ‘Sizable’ Contract for Brasse Project
- AMER3 BZ : Lemann Says Trying to Save Americanas After $5 Billion Fraud
- AML LN : Lamborghini, Peers Highlight Aston's Profit Pothole
- ATO FP : Atos: Onepoint reçoit le soutien de la société d'investissement Butler Industries
- BAYN GY : Bayer Roundup Cancer Verdict Slashed About 60% to $600 Million
- BA US : Southwest Flight Returns to Denver After Engine Cowling Mishap
- BA US : Airbus and Boeing clearly dominate the commercial aircrafts—but the future could look different if China’s COMAC emerges a
- BPOST BB : Bpost Plans to Buy Ardian’s Staci at €1.3b Enterprise Value
- BLV FP : Ad-Hoc Committee of Believe has taken note of Warner Music Group’s decision not to submit a binding offer for a combination with Believe
- BOSN SW : Bossard 1Q Sales Misses Estimates
- BRAV SS : Bravida Begins in-Depth Review of Internal Processes & Routines
- BRAV SS : Bravida Begins in-Depth Review of Internal Processes & Routines
- CLASB SS : Clas Ohlson March Organic Sales +5%
- CMLS US : Soros Fund Discussed Buying Major Radio Companies: Semafor
- DBHAN GY : Deutsche Bahn Invites Fresh Bids for €15 Billion Logistics Arm
- DSV DC : Red Sea Crisis May Limit DSV's Downside Risk: 1Q Preview
- Fuxin Auto Parts (300473 CH) : Fuxin Dare Shares Rise 15% as Shenzhen Composite Declines
- GVOLT PL : Greenvolt Says Gamma Lux Agreed Swap to Buy Stock as Part of Bid
- GSF NO : Grieg Seafood Reports 1Q Harvest Volume About 21,000 Tonnes GWT
- IBE SM : *SPAIN UTILITIES TO PAY TO SHUT NUKE PLANTS: RIBERA TO EXPANSION
- LR FP : Legrand's 2024-26 Organic Sales May Grow in Low-Single Digits
- META US : Instagram Generated Almost 30% of Meta’s Revenue in Early 2022
- N91 LN : Ninety One CEO Touts ‘Dirt Cheap’ UK Assets, Emerging Markets
- NTGY SM : Naturgy Is Said to Shelve $2.6 Billion Sale of Australian Assets
- 7201 JP : Nissan is no longer eligible for tax breaks for firms that raise wages after the company underpaid its contractors by ¥3B
- NOKIA FH : Nokia Dodges Liability In Texas Router Technology Patent Trial
- NSOL NO : Norsk Renewables Registers Up to 23.2m Shares at NOK0.30/Share
- NOVOB DC : Ares, Blue Owl Lead $4.8 Billion Private Debt for Catalent Deal
- ONCO SS : Oncopeptides Rights Issue Subscription Price Set to SEK2.60/Shr
- P911 GY : Porsche Closing Luxury Gap vs. Ferrari, Lamborghini: BI Webinar
- PARA US : David Ellison Closes In on a Hollywood Prize: Paramount Global
- Puig IPO : Spain’s Puig Is Said to Prepare IPO Filing as Soon as Monday
- RED SM : *SPAIN HAS NO PLAN TO CHANGE REDEIA CHAIRMAN:RIBERA TO EXPANSION
- RIO LN : Rio Appoints Veteran Baatar as Commercial Chief Amid Growth Push
- SAP GY : SAP Overhaul Will Cause 2,600 Job Cuts in Germany: Handelsblatt
- STLAM IM : China’s Commerce Minister Wang Holds EV Firms Meeting in Paris
- TSLA US : Elon Musk says Tesla will unveil robotaxi in August
- TSLA US : Tesla Put Options Soared 2,800% When Stock Sank Toward $160
- 2330 TT : Reportedly to build second fab in Kikuyomachi, Kyushu, Japan Jap. media citing Co exec
- UBSG SW : Ermotti Says Europe Can’t Rely on Crises to Prompt Bank Mergers
- UBSG SW : UBS CEO Says Italy Has Room to Consolidate Banks, Sole Reports
- FR FP : Fuxin Dare Shares Rise 15% as Shenzhen Composite Declines
- VIV FP : *Vivendi: Canal+ a fait une offre obligatoire pour acquérir les actions Multichoice qu'il ne détient pas
- WDI GY : Wirecard fugitive helped run Russian spy operations across Europe
- WITH FH : WithSecure President, CEO Juhani Hintikka Steps Down
- XLO US : Gilead discloses 19.9% passive stake - 13G filing