Asian stocks were mixed as mainland Chinese equities fluctuated on the final trading day before the Lunar New Year holidays. Treasuries edged higher. China’s CSI 300 Index swung between gains and losses after the midday break, while the Shanghai Stock Exchange Composite Index pared its advance. The benchmarks had climbed in early trading after the nation replaced the head of its securities regulator Wednesday, a surprise move that may foreshadow more forceful steps to support the stock market. The gains proved fleeting after data showed China’s consumer prices fell last month at the fastest pace since the global financial crisis as the country struggles to shake off persistent deflation pressures. Hong Kong shares fell. China’s stock valuations are cheap but to “lay the foundations for a multi-year uptrend, we really need to see inflation data improving quite significantly, moving back into positive territory,” Steve Brice, chief investment officer for wealth management at Standard Chartered, said on Bloomberg Television. “That’s going to need most likely significant policy stimulus.” A gauge of the region’s equities slid into the red after Chinese equities lost momentum. Benchmarks in Australia and South Korea bucked the trends, while those in Japan rose after the yen weakened following comments from Shinichi Uchida, a Bank of Japan’s deputy governor. He said it was hard to see the bank raising its policy rate continuously and rapidly even after the negative interest rate is ended. US futures were little changed after the S&P 500 closed at a fresh high. The gauge came within striking distance of 5,000 index points as traders bet that a solid economy will continue fueling corporate profits. Contracts for European stocks signaled a higher open. Treasuries slightly rose in Asia as the 10-year retraced a minor decline from the prior session. Wednesday was marked by a record $42 billion auction that sold at a lower yield than expected, in a sign of strong demand and easing concerns that the market may struggle to digest heavy supply. India’s central bank left its benchmark interest rate unchanged for a sixth straight meeting Thursday and retained its hawkish policy stance, signaling rates will stay higher for longer. Markets in Taiwan, Indonesia, Vietnam and Pakistan are closed. Earnings to be released in the region include Honda Motor Co. and SoftBank Group Corp., which is expected to have one of its best quarters in years. Alibaba Group Holding Ltd. shares fell around 6.7% in Hong Kong despite the company unveiling $25 billion in stock repurchases. Arm Holdings Plc, in which SoftBank owns a stake, rallied by as much as 38% in after-hours trading in New York after upbeat earnings, while Softbank rose in Asia. US chip stocks within the S&P 500 rose 2.1%, more than the broader market, helped along by a 2.8% gain for Nvidia Corp. Renewed fears about US regional banks appeared to ease, helping support the tentative risk-on tone in New York trading. New York Community Bancorp shares ended higher after retracing an intraday 14% decline. More Fed officials suggested Wednesday they don’t see an urgent case for lowering interest rates, adding to a roster of policymakers including Chair Jerome Powell who have warned in recent days that a cut isn’t likely until May at the earliest. Elsewhere, oil extended a three-day climb, with prices supported by gains in wider financial markets and lingering Middle East risks. Gold steadied for a second day. US After Hours DIS +5.7% higher on earnings and several announcements; ARM +27.8%, OSCR +23%, CFLT +20%, BLBD +10.4%, MPWR +8.5% higher on earnings; ACLS -7.5%, RPD -7.5%, PAYC -7.1%, PYPL -7.1% lower on earnings.
Nikkei +2.06% Hang Seng -1.35% CSI +0.32% Shanghai +1.05% Shenzen +3.06%
Eur$ 1.0783 CNH 7.2098 CNY 7.1954 JPY 148.66 GBP 1.2628 CHF 0.8730 RUB 91.2752 TRY 30.6014 WTI$ 74.19 +0.45% Gold 2,033 -0.12% BTC 44,500 +0.70% ETH 2,420 -0.36%
S&P -0.01% Nasdaq +0.07% EuroStoxx +0.26% FTSE +0.06% Dax +0.26% SMI +0.10%
Macro :
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- EVs and Grids Seen as Top Energy Transition Bets: ESG Investing
Keep an eye on :
Keep an eye on :
- ADYEN NA : Adyen 2H Net Revenue Beats Estimates
- AIR FP : Airbus Delivered 30 Jets in January
- ACC NO : Aker Carbon Capture Gets Study for Capturing Biogenic CO2
- AKRBP NO : Aker BP Sees 2024 Avg Production 410,000 to 440,000 BOE/D
- AKSO NO : Aker Solutions 4Q Revenue Beats Estimates
- AKTIA FH : Aktia Bank 4Q Adjusted EPS Misses Estimates
- ALV GY : Twenty-Fold Rise in Red Sea Marine War Costs Could Jump Further
- AMBEA SS : Ambea 4Q Net Sales Beats Estimates
- AMUN FP : Amundi Hires Private Credit Investment Director Guillon From LCL
- MT NA : ArcelorMittal 4Q Ebitda Beats Estimates, ArcelorMittal Sees Steel Demand Accelerating This Year
- ATEA NO : Atea 4Q Ebitda Misses Estimates
- ATO FP : Credit Agricole Backs Away From Atos Refinancing: FT
- BAR BB : Barco FY Ebitda Margin Beats Estimates
- BCVN SW : BC Vaudoise FY Net Income Misses Estimates
- BOL SS : Boliden FY Dividend per Share Beats Estimates
- BPER IM : BPER Banca 4Q Net Income Beats Estimates
- COOR SS : Coor 4Q Net Sales Beats Estimates; Sweden CEO to Leave
- COTY FP : Coty Beats on Revenue With Sales Boosted by Fragrances
- ACA FP : Credit Agricole 4Q Net Income Beats Estimates
- DB1 GY : Deutsche Boerse Sees 2024 Net Revenue Above EU5.6B, Est. EU5.64B
- DIS US : Disney to invest $1.5 billion in 'Fortnite' maker Epic Games to create games, entertainment
- DNO NO : DNO 4Q Ebitda Beats Estimates
- EDP PL : EDP Renovaveis Secures 15-Year Power Purchase Agreement in Spain
- ELK NO : Elkem 4Q Ebitda Misses Estimates
- FINGB SS : Fingerprint Cards 4Q Oper Loss SEK105.2M Vs. Loss SEK527.3M Y/y
- FSKRS FH : Fiskars 4Q Comparable Ebit Matches Estimates
- FLOW NA : Flow Traders 4Q Normalized Ebitda Beats Estimates
- GN DC : GN Store Nord Sees 2024 Organic Revenue +2% to +8%
- HABA GY : Hamborner REIT Sees 2024 FFO EU49M to EU50.5M
- HUH1V FH : Huhtamaki 4Q Adjusted Ebit Beats Estimates
- INWI SS : Inwido 4Q Net Sales Misses Estimates
- IPN FP : Ipsen Sees 2024 Sales at Constant FX Above +6%, Est. +5.33%
- KBC BB : KBC Sees 2024 Net Interest Income EU5.3B to EU5.5B, Est. EU5.38B
- KER FP :
- KWS GY : KWS Saat 1H Ebit Loss EU96.4M
- LEON SW : Leonteq FY Pretax Profit Misses Estimates
- MAERSKB DC : Maersk Faces Network Problems, Disrupting Operations in Americas
- MIPS SS : Mips 4Q Operating Profit Misses Estimates
- BMPS IM : Italy Mulls New Stake Sale in Monte Paschi of Up to 10%: MF
- MTGB SS : MTG Says Monumental Will Buy Kongregate
- MTGB SS : MTG 4Q Adjusted Ebitda Beats Estimates
- MUV2 GY : Twenty-Fold Rise in Red Sea Marine War Costs Could Jump Further
- NEM GY : Nemetschek Prelim FY Ebitda Margin Beats Estimates
- ALCOX FP :
- NSKOG NO : Norske Skog 4Q Ebitda Misses Estimates
- ORK NO : Orkla 4Q Adjusted Ebit Misses Estimates
- ONTEX BB : Ontex FY Adjusted Ebitda Beats Estimates
- ORP FP : Orpea Completes ~€390M Rights Issue at €0.0133/New Share
- ORSTED DC : Orsted’s Japan Wind Exit Driven by Slow Market Uptake: BNEF
- OR FP : L’Oreal Corporate Responsibility Chief Palt to Leave Post
- PNDXB SS : Pandox 4Q Ebitda Misses Estimates
- PGHN SW : KKR Is Said to Drop Out of Bidding for Partners Group’s Techem
- PUB FP : Publicis Sees 2024 Organic Revenue +4% to +5%, Est. +3.51%
- RECSI NO : REC Silicon 4Q Ebitda Loss $31.2M
- RVRC SS : RVRC Holding Holder Offers Shares
- SRS IM : Italy’s Moratti Family Approached About Sale of Saras Stake
- SIE GY : Siemens 1Q Industrial Business Profit Beats Estimates
- SKAB SS : Skanska Gets NOK1.1 Billion Contract for New Data Center Norway
- SLIGR NA : Sligro FY Ebitda Beats Estimates
- GLE FP : SocGen 4Q Net Income Misses Estimates
- GLE FP : SocGen’s Krupa Vows Growth After Year Marred by Wrong-Way Hedges
- SOI FP : Soitec Cuts FY Like-for-Like Sales Forecast, Soitec’s Outlook Cut Should Reset Expectations
- SOHC US : Soho House Tumbles After Short Seller Draws WeWork Comparisons
- SCOM SW : Swisscom FY Ebitda Meets Estimates
- SPSN SW : Swiss Prime FY Vacancy Rate Matches Estimates
- TLX GY : Talanx Prelim FY Dividend per Share Above EU2, Est. EU2.28
- TIT IM : Telecom Italia Seeks New Improved Bid Terms for Sparkle Unit
- UBI FP : Disney's Epic Investment Might Affect Star Wars Outlaws
- UMI BB : Umicore Concludes €350m EIB Loan for EV Battery Research
- URW FP : Unibail FY Adjusted Recurring EPS Beats Estimates
- VEI NO : Veidekke 4Q Pretax Profit Beats Estimates
- VERK FH : Verkkokauppa.com 4Q Net Income Misses Estimates
- DG FP : Vinci FY Ebit Beats Estimates
- DG FP : Vinci FY Ebit Beats Estimates
- VIV FP : Vivendi's Breakup Strategy U-Turn May Boost Value Recognition
- VONN SW ; Vontobel to Buy Minority Stake in Ancala Partners; No Terms
- WSU GY : Washtec Prelim FY Ebit Meets Estimates
- WMG US : Warner Music 1Q Revenue Beats Estimates
- WLN FP : Worldline to Cut About 1,400 Jobs in €200 Million Cost Plan
- XIOR BB : Xior FY EPRA EPS Beats Estimates
- XXL NO : XXL 4Q Revenue Misses Estimates