A rally in global government bonds and Treasuries carried into Asia on weak US economic data and rising geopolitical tensions. Stocks were poised for their second consecutive day of losses. Treasuries furthered their advance across the curve with the yield on the benchmark 10-year falling almost one basis point to 4.14%. Bonds in Australia rallied after the country’s central bank signaled policymakers would remain cautious about future interest-rate moves. New Zealand government debt also rose. Japan’s bond futures held onto gains after the lowest price at an auction of 30-year debt was slightly above forecasts, even though the bid-to-cover ratio showed lackluster demand. Elsewhere, Asian shares fell 0.6% and equity-index futures for the US and Europe showed more declines. Platinum and silver led losses among precious metals, while oil edged up amid more measures from the US to exert control over Venezuela. Thursday’s moves followed the gains for gilts and German government bonds as weak economic data prompted traders to increase their bets on rate cuts, offsetting the prospect of a jump in debt sales. Global bond sales had their busiest-ever start to a year as borrowers of every stripe seize on investors’ insatiable appetite for risk. German government bonds extended gains on Wednesday as money markets added to wagers on rate reductions and pushed back the timing of the first interest-rate hike by the European Central Bank. Treasuries gained as December increase in a gauge of private-sector payrolls fell short of the median economist estimate in a Bloomberg survey. ADP Research data released Wednesday showed an increase of 41,000, versus a median estimate of 50,000. The Labor Department’s broad employment report for December is set to be released Friday, on its normal schedule for the first time in several months following the six-week US government shutdown that disrupted economic data collection beginning in October. Ahead of the release of that data, stocks had a tepid start in Asia, set for their first back-to-back losses this year. The moves suggested that the optimism which had lifted risk assets since the start of the year may be starting to fade amid rising geopolitical uncertainty. Traders are also bracing for a Supreme Court ruling on Trump’s global tariffs Friday. Corporate bond market has been active though. have also been very strong. Corporations and governments in the US, Europe and Asia have borrowed roughly $260 billion across currencies so far this year, the highest tally on record for the comparable period, according to data compiled by Bloomberg. A further barrage of bond offerings from borrowers in Asia kicked off Thursday and are poised to push that number higher. Meanwhile, gold fell for a second day, ahead of an annual rebalancing of commodity indexes that could see futures contracts worth billions of dollars sold in the next few days. US After Hours GMED +10.2% sharply higher on upside guidance; STZ +2.9% and AZZ +2% higher on earnings; APLD -0.5% ticks lower on earnings; Defense stocks strong after-hours.
Nikkei -1.63% Hang Seng -1.57% CSI -0.90% Shanghai -0.11% Shenzen +0.08%
Eur$ 1.1682 CNH 6.9818 CNY 6.9837 JPY 156.64 GBP 1.3460 CHF 0.7972 RUB 80.7263 TRY 43.0432 WTI$ 56.25 +0.46% Gold 4,426 -0.68% BTC 80,700 -0.34% ETH 3,140 -0.25% SOL 136.44 +0.24%
S&P -0.33% Nasdaq -0.52% EuroStoxx -0.29% FTSE -0.47% Dax -0.21% SMI -0.08%
Macro :
- EU May Drop Infringement Case Against Italy Over Veto Power: MF (Mercosur ?)
- Trump Says No Defense Executive Should Make More Than $5m
- Trump Says No Defense Executive Should Make More Than $5m
- Trump Won’t Allow Dividends, Buybacks for Defense Companies
- Eisler Lost 14.3% Last Year as Hedge Fund Firm Closed Down
- US Oil Companies Seek Guarantees Before Venezuela Investment: FT
- Goldman: Silver faces continued 'extreme price swings' as the metal may stay stuck in the wrong places
- Gary Black Says Tesla Won't Be Alone In Solving Autonomy After Nvidia's Alpamayo Reveal: 'Expect Unsupervised Autonomy To Be
- US Unveils Strategy on Venezuelan Oil, Sparking Rush for Access
- Luxury-Watch Prices Hit a Two-Year High in the Secondary Market
- UK Must Deepen Ties with EU to Avoid Slow Trade Growth, BCG Says
- Huge copper shortage to pose ‘systemic risk’ to global economies, warns S&P - FT
- Bank mergers reconsidered - FT
Keep an eye on :
Keep an eye on :
- ABVX FP : Abivax Expects Obefazimod Maintenance Trial Results In 2026
- AKSO NO : Aker Solutions Gets Long-Term Contracts With Equinor in Norway
- AAL LN : De Beers Bets on India’s Rich to Boost Natural Diamond Demand
- ANTIN FP : Antin Acquires Emsere from Dutch Family Office
- Anthropic : Anthropic Raising $10 Billion at $350 Billion Value, WSJ Says
- ARWR US : Arrowhead Pharma Offering of 3.1m Shares Prices at $64.50/Share
- BNP FP : BNP Paribas Loses Bid to Throw Out $21 Million Sudan Verdict
- CAT US : Caterpillar, NVIDIA Partner to Use AI in Heavy Industry
- CAVA US : CAVA: Cava Group raised prices in early January, says Baird
- CVX US : Chevron in Talks With US to Expand Venezuela License: Reuters
- CTT PL : Postal Company CTT Says CEO Bento to Step Down on April 30
- DAN IM : Danieli Wins $650m US Green Steel Plant Contract from Hyundai
- AM FP : Dassault Aviation Raises 2025 Net Sales Forecast to >€7b
- AM FP : Dassault Aviation Raises 2025 Net Sales Forecast to >€7b
- EDP PL : EDP Renováveis Secures PPA for 150 MWac Solar Project in US
- LLY US : Lilly to acquire Ventyx Biosciences to advance oral therapies targeting inflammatory-mediated diseases
- ERAS US :
- HEN3 GY : Olaplex Is Said to Attract Takeover Offer from Germany’s Henkel
- HOLN SW : Holcim takes stake in ScotWind floating wind developer BW Ideol
- 9384 JP : Ispace shares Jump As Much As 14% On Report of Saudi Arabia Pact
- MUX GY : Sabic Sells ETP to Mutares for 1.7B Riyal Enterprise Value
- NKE US : Nike Sells NFT Subsidiary RTFKT One Year After Shuttering Unit
- NDX1 GY : Nordex Group Gets Total of 246MW in Wind Turbine Orders in Spain
- NOVOB DC : Obesity drug users will regain weight two years after ending medication, review finds - FT
- NVDA US : Caterpillar, NVIDIA Partner to Use AI in Heavy Industry
- OVH FP : OVH Groupe 1Q Revenue EU275.3M Vs. EU263.5M Y/y
- PHARM NA : Pharming FY25 Prelim. Revenue $376M, Saw $365M to $375M
- RVMD US : Revolution Medicines Surges on Report AbbVie in Talks to Buy
- RVMD US : AbbVie Says It’s Not in Talks to Buy Revolution Medicines
- Saks :
- SLIGR NA : Sligro FY Sales Meet Estimates
- SOBI SS : Sobi to Continue Developing Gamifant After Positive Trial Result
- SW FP : Sodexo Q1 Fiscal 2026 revenues in line with expectations, Sodexo 1Q Organic Revenue Matches Estimates
- UHR SW : Luxury-Watch Prices Hit a Two-Year High in the Secondary Market
- TEF SM : Millicom Said to Show Interest in Buying Telefonica’s Chile Unit
- UBSG SW : UBS Capital Compromise Plan Gets Backing of Largest Swiss Party
- VK FP : Vallourec Begins €200m Share Buyback Program
- ZEAL DC : Obesity drug users will regain weight two years after ending medication, review finds - FT