Asian shares rose on dovish signals from the US and European central banks, with focus on American jobs data due later Friday. The yen extended a rally. Stocks gained from Australia to Hong Kong, pushing a regional gauge up for a third day. Mainland Chinese shares fluctuated. The broader rally came after the S&P 500 Index set a record and the Nasdaq 100 jumped 1.6% Thursday. US futures were flat to a tad lower in Asian trading. The yen strengthened against the dollar for a fourth day, as expectations grew for the Bank of Japan to raise interest rates for the first time since 2007. A dollar index was marginally weaker, while Treasuries steadied after yields dropped Thursday.
The stronger risk appetite came after Federal Reserve Chair Jerome Powell told a Senate committee Thursday that the central bank is “not far” from confidence needed to ease policy. He said rate reductions “can and will begin” this year, adding that policymakers are well aware of the risks of cutting too late. Meantime, European Central Bank President Christine Lagarde indicated that officials may be in a position to loosen policy in June. All eyes are on Friday’s key US employment data. The consensus forecast places the number of new jobs added to the US economy at 200,000. However, a dispersion in expectations could trigger volatile trading when the final print is released. For instance, RBC Capital Markets LLC expects 260,000 jobs, while Citigroup Inc predicts 145,000. Elsewhere, Hong Kong proposed life sentences for crimes related to treason and insurrection in a draft security measure officials are seeking to fast-track into legislation. Oil rose Friday after falling in the previous session as traders weighed the outlook for interest rates and tumult in the Middle East. Gold retreated after a record-breaking rally. US After Hours IOT +14.7%, FNKO +13.4%, DOCU +9.5%, GPS +4.4% higher on earnings; BBAI -18.3%, MDB -7.4%, MRVL -5.4%, GWRE -4.3%, COST -3.5%, AVGO -1.6% lower on earnings.
Nikkei +0.23% Hang Seng +1.35% CSI +0.37% Shanghai +0.52% Shenzen +0.97%
Eur$ 1.0947 CNH 7.2010 CNY 7.1927 JPY 147.83 GBP 1.2810 CHF 0.8773 RUB 90.6382 TRY 31.9527 WTI$ 79.50 Gold 2,158 BTC 66,920 ETH 3,885
S&P +0.02% Nasdaq -0.17% EuroStoxx +0.02% FTSE +0.04% Dax -0.02% SMI +0.04%
Macro :
- Saudi Arabia Looks to Follow UAE, IMF With Egypt Investment (1)
- Big Japan Trade Springs Back to Life as BOJ Rate-Hike Bets Grow
- Big Japan Trade Springs Back to Life as BOJ Rate-Hike Bets Grow
- El Niño Scorches Southern Africa With Driest February on Record
- ECB’s Nagel Sees Rising Chance of Rate Cut Before Summer Break
-
Keep an eye on :
Keep an eye on :
- AC FP : Accor Makes Comeback to France’s CAC 40 Index, Replacing Alstom
- AIR FP : Airbus Delivered 49 Jets in February
- ALO FP : Accor Makes Comeback to France’s CAC 40 Index, Replacing Alstom
- DBV FP : DBV Tech FY Net Loss $72.7M Vs. Loss $96.3M Y/y
- ENI IM : Eni Says 1-1.5b Boe Potentially Found in Côte d’Ivoire
- EXO NA : Juventus Sets €1.582/Share Price for New Shares in Offering
- FBD ID : FBD FY Gross Written Premiums EU413.6M Vs. EU382.7M Y/y
- FCT IM : Fincantieri FY Revenue Meets Estimates
- FRAS LN : Frasers: Matches to Be Put Into Administration Amid Losses
- FRAS LN : Frasers: Matches to Be Put Into Administration Amid Losses
- GPS US : Gap 4Q EPS Beats Estimates,
- Golden Goose IPO : Golden Goose Could IPO in May-June, Corriere Reports
- HFG GY : HelloFresh 2024 Adjusted Ebitda Forecast Misses Estimates
- IDIA SW : Idorsia Rallies as Investors Await FDA Decision, Kepler Upgrades
- INW IM : INWIT 4Q Ebit Beats Estimates
- IPR PL : Impresa FY Net Loss EU2M Vs. Profit EU1.1M Y/y
- JUP LN : Jupiter Weighs Dumping £1b of Its Funds as Top Manager Exits: FT
- JUVE IM : Juventus Sets €1.582/Share Price for New Shares in Offering
- LDO IM : Leonardo Could Target Iveco’s Defence Vehicles Unit, Sole Says
- MC FP : LVMH-Backed L Catterton Raises Stake in Tod’s to Over 7%
- MAIRE IM : Maire Unit Gets $1.1b Contract From Sonatrach in Algeria
- MDT US : Medtronic to Buy Back up to Added $5B in Shares
- MITRA BB : Mithra Pharma FY Net Loss Drops to EU173.5M On Impairments
- NEON FP : Neoen Awarded 119 Megawatts of Solar Projects in France
- NOVOB DC : Turnover on Novo Nordisk’s US ADRs Surges to Double Europe Level
- OMXS LN : Swedish Stocks Firing on Only Two Cylinders, Watch for Stall
- 1913 HK : Prada Jumps After 2023 Sales Beat on Miu Miu, Asia --> +17,8% in HK
- PSM : ProSiebenSat.1 Chief Sees Streaming Consolidation Looming in Europe
- RENE PL : REN FY Net Income EU149.2M Vs. EU111.8M Y/y
- RUI FP : Rubis FY Ebitda Beats Estimates
- SMDS LN : Mondi Agrees in-Principle to Buy DS Smith at 373p/Shr
- SMDS LN : Mondi’s DS Smith Takeover Price Is Higher Than Expected: MS
- SON PL : Sonae Has 80.58% of Musti Shares After Subsequent Offer Period
- TLGO SM : Ganz-Mavag Announces Takeover Bid for Talgo at EU5/SHR, Board Says Ganz-Mavag Bid ‘Attractive’ (March. 7)
- TLGO SM : Spain Says Talgo Part of Strategic Industry, Will Analyze Bid
- VIMIAN SS : Vimian Plans SEK1.6B Rights Issue, Move Listing to Main Market
- VIV FP : Vivendi FY Ebita Beats Estimates
- VOD LN : Vodafone Market Sentiment Questions Strategy, Catalyst Timing
- FHZN SW : Zurich Airport FY Passengers 28.9M