Stocks in Asia edged higher Wednesday following a late rally in US shares in a volatile session after Federal Reserve Chair Jerome Powell rebuffed an opportunity to tamp down investor optimism. Equities in Australia and South Korea advanced to push a region-wide benchmark of shares higher despite fluctuating trading in Hong Kong, mainland China and Japanese shares. European stock futures climbed while US contracts were flat after the S&P 500 advanced more than 1% Tuesday. The tech-heavy Nasdaq 100 outperformed major benchmarks, climbing more than 2%. The yen steadied after rallying more than 1% Tuesday, while the Aussie edged higher after also gaining more than 1% following the Reserve Bank of Australia’s decision to increase interest rates Tuesday. Indian government bond yields and the rupee also climbed after the country’s central bank raised interest rates 25 basis points as expected Wednesday. Powell’s sober comments echoed those made after last week’s FOMC meeting, soothing traders who were expecting the Fed chief to push back on the loosening of financial conditions and Friday’s bumper jobs report. Powell highlighted that disinflation has begun, and that further hikes will likely be needed if the jobs market remains strong. In separate comments, Minneapolis Fed President Neel Kashkari said the Fed would likely have to raise interest rates to 5.4% at the top of its target range given the strength in the US jobs market. The Fed increased rates 25 basis points last week to a band of 4.5% to 4.75%. Shares in Adani climbed for a second day as investors reassessed the impact of the scathing report from Hindenburg Research published two weeks ago. Hedge fund and distressed debt investors have begun snapping up Adani company bonds. Ratings firm Moody’s said in a report that Indian banks’ exposure to the Adani Group is not large enough to affect their credit quality. the price of oil extended gains after a 4.1% surge on Tuesday, its biggest one-day move since November, helped along by a rebound in demand from China. US After Hours NEWR +15.3%, FTNT +12.9%, ENPH +7.2%, KD +5.5% higher on earnings; LUMN -16.1%, BKH -5.7%, CMG -4.5% lower on earnings; MANU +12.2% jumps on DailyMail report of a Qatari bid soon.
Nikkei -0.29% Hang Seng -0.16% CSI -0.47% Shanghai -0.49% Shenzen -0.55%
Eur$ 1.0731 CNH 6.7888 CNY 6.7799 JPY 131.15 GBP 1.2051 CHF 0.9218 RUB 70.9530 TRY 18.8299 WTI$ 77.35 +0.27% Gold 1,877 +0.20% BTC 23,242 +0.18% ETH 1,677 +0.55%
S&P -0.06% Nasdaq +0.03% EuroStoxx +0.78% FTSE +0.61% Dax +0.73% SMI +0.64%
Macro :
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- Powell Says Further Rate Hikes Needed and Bonds Take Heed
- Luxury Mayfair Homes Are Selling at the Fastest Rate Since 2020
Keep an eye on :
Keep an eye on :
- ABN NA : ABN Amro Beats Estimates, Announces $536 Million Buyback
- ABN NA : Dutch State to Sell Some ABN Amro Shares to Bank Via Buyback
- ADYEN NA : Adyen 2H Ebitda Margin Misses Estimates
- AIR FP : Airbus Delivered 20 Planes in January, Booked 36 Net Orders
- AKSO NO : Aker Solutions 4Q Adjusted Ebitda Beats Estimates
- AKZA NA : Akzo Nobel 4Q Adjusted Operating Income Beats Estimates
- AMUN FP : Amundi 4Q Net Inflows Beats Estimates
- BAMI IM : Banco BPM 4Q Net Income Beats Estimates
- BMPS IM : Monte Paschi 4Q Net Income Beats Estimates
- BNP FP : BNP Plans To Cut 921 Jobs at French Consumer Finance Unit: AFP
- COLL SS : Collector 4Q Total Income SEK928M Vs. SEK705M Y/y
- CRTO US : French Advertising Technology Provider Criteo SA Is Making A New Attempt To Sell Itself After Discussions With Potential
- DBAN GY : Deutsche Beteiligungs Sees Unexpected Gain to 1Q Net Income
- ELK NO : Elkem 4Q Ebitda Misses Estimates
- EOAN GY : E.On Prelim FY Adjusted Net About EU2.7B, Est. EU2.43B
- EQNR NO : Equinor 4Q Adjusted Net Beats Estimates
- FORTUM FH : Fortum's Protracted Russia Exit Clouds View Beyond Uniper: React
- GLEN LN : Glencore Resumes Peru Copper Mining After Shutting Amid Protests
- HOFI SS : Hoist Finance 4Q Operating Income SEK652M Vs. SEK580M Y/y
- INDV LN : Opiant Acquisition by Indivior Approved by CFIUS
- JUP LN : Jupiter Sells Stake in Starling Bank to Reduce Unlisted Assets
- KENDR NA : Kendrion Announces €57M-€59M Impairment on Combustion Engines
- MAERSKB DC :
- MANU US : Qatari Investors Plan Bid for Manchester United: Daily Mail
- MANU US : Qatari Investors Plan Bid for Manchester United: Daily Mail
- MBTN SW : Meyer Burger, NorSun in Solar Silicon Wafer Supply Pact
- NEXI IM : Sabadell Picks Nexi as Preferred Bidder for Payments Unit: Rtrs
- NOVOB DC : Novo Nordisk to Sell Obesity Drug in Larger EU Markets in 2023
- PNDORA DC : Pandora 4Q Ebit Before Significant Items Beats Estimates
- PBB GY : Petrus Ups Pressure on Deutschen Pfandbriefbank With New Letter
- QIA GY : Qiagen 4Q Adjusted EPS Beats Estimates
- RAIVV FH : Raisio 4Q Adjusted EPS Beats Estimates
- RLF SW : Relief Therapeutics to Propose Reverse Split of Ordinary Shares
- SAB SM : Sabadell Picks Nexi as Preferred Bidder for Payments Unit: Rtrs
- SANN SW : Santhera to Resume Raxone Sale in France After Reimbursement Nod
- SHBA SS : Handelsbanken Fourth Quarter Income From Lending Beats Estimates
- GLE FP : SocGen Misses Own Payout Pledge in CEO Oudea’s Final Year
- SRBNK NO : SR-Bank 4Q Net Interest Income Beats Estimates
- STB NO : Storebrand 4Q Net Income Beats Estimates
- TIT IM : Italy’s Meloni Sees Developments ‘Soon’ For Telecom Italia Grid
- UTDI GY : Ionos IPO Priced at €18.50 Per Share, Bottom of Range
- VEI NO : Veidekke 4Q Revenue Beats Estimates
- VOE AV : Voestalpine Raises Ebitda Goal, 3Q Ebit Down Less Than Est.
- VONN SW : Vontobel FY Net Income Misses Estimates
- VOW GY : Volkswagen Misses 2022 Cash Target Due to Supply Chain Woes
- VOW GY : Volkswagen Misses 2022 Cash Target Due to Supply Chain Woes
- VOW GY ; VW CEO Asks Spanish PM for Support on Euro 7 Emissions Proposal
- WAWI NO : Wallenius Wilhelmsen 4Q Ebitda Beats Estimates
- WMG US : Michael Jackson Estate Nears Music-Catalog Sale: Variety
- WPP LN : WPP's Possible Governance Shake-Up Is Its Biggest ESG Conundrum
- XXL NO : XXL 4Q Revenue Misses Estimates