Stocks in Asia slid following a sluggish US session, with investors seeking firm evidence of an earnings recovery before taking this month’s rally further. The dollar gained. Japanese equities underperformed, as Nintendo tumbled on a weak outlook and Toyota Motor’s profit forecast disappointed. A recent rally in Hong Kong and mainland Chinese shares halted as investors looked ahead to a slew of major tech earnings due next week. The dollar advanced for a third session as Treasury yields inched higher. Federal Reserve Bank of Minneapolis President Neel Kashkari said it’s likely the central bank will keep rates where they are “for an extended period of time.” The yen extended losses despite warnings from the central bank governor.
Bank of Japan Governor Kazuo Ueda fired a clear warning shot to financial markets about a potential policy move as he beefed up his language on the weak yen. Finance Minister Shunichi Suzuki said the government stands ready to take all possible measures as needed. In Asia, the focus is on President Xi Jinping’s trip to Europe and how trade relations will develop from here. In another sign of geopolitical tensions between China and the West, the US has revoked licenses allowing Huawei Technologies Co. to buy semiconductors from Qualcomm Inc. and Intel Corp., according to people familiar with the matter. Contracts for US stocks drifted lower in Asia trading after the S&P 500 eked out a fourth session of advance. Stocks across the world have been trying to make a comeback after April’s rout, with gains fueled by prospects of Fed rate cuts and solid earnings. Treasury 10-year yields gained one basis points. They fell Tuesday on solid demand in a sale of three-year notes. In the corporate world, KKR & Co. will buy the wealth management and corporate trust units of Australian fund manager Perpetual Ltd. for A$2.175 billion ($1.43 billion), ending a months-long sale process. In South Korea, shares of HD Hyundai Marine Solution Co. jumped as much as 45% in their trading debut after an initial public offering that was priced at the top of a range. Elsewhere, oil fell to near the lowest level since mid-March, with a mildly bearish US stockpile report and tensions in the Middle East in focus. US After Hours Busy earnings session; ODD +13.4%, RDDT +12.6%, CRUS +11.4%, POWI +11.2%, GMED +10.9%, INTA +9.2%, RNG +9.2% higher on earnings; TMCI -46%, DV -36.5%, GO -18%, INSP -16.2%, ZI -14.2% lower on earnings.
Nikkei -1.39% Hang Seng -0.52% CSI -0.64% Shanghai -0.40% Shenzen -1.12%
Eur$ 1.0741 CNH 7.2314 CNY 7.2248 JPY 155.21 GBP 1.2488 CHF 0.9089 RUB 91.5000 TRY 32.2753 WTI$ 77.96 -0.54% Gold 2,318 +0.19% BTC 62,635 -0.55% ETH 3,025 -0.74%
S&P -0.05% Nasdaq -0.06% EuroStoxx -0.14% FTSE +0.15% Dax -0.02% SMI +0.00%
Macro :
- Citi’s Montagu Says S&P 500 Futures Flows Show Curbed Enthusiasm
- Europe's Gas Habit Past Peak as Industry Wavers, Renewables Boom
- POINT72 CUT AT LEAST 7 EQUITY PORTFOLIO MANAGERS: INSIDER
- An AQR Multistrategy Trade Notches 13.5% Gain Amid Fund Rebrand
- Oaktree Targets $2 Billion for First Asset-Backed Finance Fund
- JPMORGAN LIMITS EXPOSURE TO SEGANTII AMID INSIDER-TRADING CASE
- Silver Lake Targets ‘Bigger Bets’ as It Raises Largest Fund: FT
- Silver Lake Targets ‘Bigger Bets’ as It Raises Largest Fund: FT
- US Pours $750 Million Into Clean H2 Tech as Costs Soar: BNEF
Keep an eye on :
Keep an eye on :
- ABB BB : AB InBev 1Q Organic Adjusted Ebitda Beats Estimates
- AH NA : Ahold Delhaize 1Q Adjusted Operating Margin Beats Estimates
- AKER NO : Aker 1Q Net Asset Value per Share NOK813.20 Vs. NOK851 Q/Q
- ALO FP : Alstom to Raise €1 Billion in Share Sale to Improve Finances
- AMS SM : Amadeus 1Q Adjusted Profit Beats Estimates
- AMG NA : AMG 1Q Net Loss $16.3M
- NDA GY : Aurubis 2Q Operating Ebit Beats Estimates
- POST AV : Austrian Post 1Q Revenue Beats Est., Says FY Ebit May Rise (1)
- AG1 GY : AUTO1 Boosts FY Gross Profit Forecast
- BAMI IM : Banco BPM Results, Provisions Beat Expectations: Street Wrap
- BC8 GY : Bechtle 1Q Pretax Profit Misses Estimates
- BEKB BB : Bekaert 1Q Revenue EU1.03B Vs. EU1.19B Y/y
- BAS GY : Putin Allows BASF Coatings to Sell Its Russian Unit
- BMW GY : *BMW 1Q AUTOMOTIVE EBIT MARGIN 8.8%, EST. 9.05%
- BA US : Boeing Starliner Launch Now Targets No Earlier Than May 17
- BA US : Spirit Aero Contacted by DOJ, SEC on 737 Max Blowout: Filing
- AFW GY : Carl Zeiss Meditec 1H Ebit EU108.2M Vs. EU143.9M Y/y
- COP GY : CompuGroup 1Q Adjusted Ebitda Misses Estimates
- CON GY : Continental 1Q Adjusted Ebit Misses Estimates, Continental Confirms FY Outlook (1)
- CPNG US ; Coupang Slides After Quarterly Profit Misses Estimates (2)
- DBK GY : Deutsche Bank’s DWS inflated client asset inflows by billions of euros
- DBV FP : DBV Tech 1Q Revenue Misses Estimates
- DIS US : Disney Gets Anaheim City Council’s Final Nod for Park Expansion
- DNO NO : DNO 1Q Ebitda Beats Estimates
- DOCM SW : DocMorris Names Arbonia’s Daniel Wüest as New CFO
- SMDS LN : DS Smith Drops as US Suitor Is Reported to Get M&A Proposal (1)
- EDPR PL : Ocean Winds Completes Sale of Stake in Moray East Project: EDP
- ELE SM : Endesa 1Q Net Income Misses Estimates
- EVK GY : Evonik 1Q Adjusted Ebitda Beats Estimates
- FER SM : *FERROVIAL HIRES CREDIT AGRICOLE TO SELL UK AIRPORTS: EXPANSION
- FDR SM : Fluidra 1Q Sales Misses Estimates
- FRE GY : Strabag to Buy Parts of Vamed from Fresenius for €90m
- FRE GY : Fresenius SE 1Q Ebit Before Special Items Beats Estimates
- FME GY : Fresenius Boosts Forecast, Confirms Plans to Exit Vamed Business
- G1A GY : GEA Group 1Q Adjusted Ebitda Beats Estimates
- G1A GY : GEA Group 1Q Adjusted Ebitda Beats Estimates
- GFT GY GFT Sees FY Pretax Profit About EU72M, Est. EU71.7M
- GOOGL US : OpenAI Is Readying a Search Product to Rival Google, Perplexity
- HEN3 GY : Henkel 1Q Sales EU5.32B Vs. EU5.61B Y/y
- HEX NO : Hexagon Composites 1Q Total Rev. & Other Income Misses Estimates
- ICOS IM : Intercos 1Q Revenue EU221.1M Vs. EU234.6M Y/y
- INWI IM : INWIT Maintains FY Revenue Forecast
- IP US : Suzano Approaches International Paper on Bid, Reuters Says (2)
- IP US : International Paper Offers No Comment on Speculation
- JEN GY : Jenoptik 1Q Ebitda Beats Estimates
- KBX GY : Knorr-Bremse Confirms Guidance as 1Q Ebit Beats Estimates
- LAND SW : Landis + Gyr FY Adjusted Ebitda Beats Estimates
- LXS GY : Lanxess 1Q Adjusted Ebitda Beats Estimates
- LNZ AV : Lenzing 1Q Ebitda EU71M, Confirms Guidance as Market Stalls (1)
- LDO IM : Leonardo Defense Leads on Heightened Threat Environment: React
- MBG GY : Mercedes Retreats to Gas Guzzlers as EVs Fail to Boost Profit
- AERO SW : Montana Aerospace 1Q Net Sales EU395.7M
- MONT BB : Montea Maintains FY Adjusted EPS Forecast, Misses Estimates
- MOWI NO : Mowi 1Q Net Income Beats Estimates
- MUV2 GY : Munich Re 1Q Net Income EU2.14B Vs. EU1.27B Y/yntgy
- NTGY SM : *NATURGY NEARS €3B DEAL TO BUY GAS FROM ALGERIA: EXPANSION
- NFL : NFL Poised to Allow Teams to Sell 30% Stakes to Private Equity
- NOKIA FH : Nokia Plans New Job Cuts in Finland, Helsingin Sanomat Says
- NOVOB DC : Novo Asks for More Time to Answer Sanders on Ozempic’s Price
- OKLO (NQ) : Altman-Backed Nuclear Firm’s SPAC Merger Approved: ECM Watch
- PGS NO : PGS 1Q Net Loss $2.1M Vs. Loss $58.8M Y/y
- PHARM NA : Pharming 1Q Revenue $55.6M Vs. $42.5M Y/y
- 1913 HK : Prada Heir Says Group Always Open to M&A Opportunities (1)
- PPT AU : KKR Buys Perpetual Units Following Exclusive Talks: M&A Snapshot
- PUM GY : Puma 1Q Net Income Beats Estimates
- RACE IM : FERRARI DROPS 6.2% IN US TRADING FOR WORST DAY SINCE MARCH 2022
- REP SM : Santos, Repsol Explore Sale of Stakes in Alaska Oil Fields: Rtrs
- ROVI SM : Rovi 1Q Operating Revenue Misses Estimates
- RTL LX : RTL 1Q Revenue EU1.32B Vs. EU1.29B Y/y
- RUI FP : Rubis 1Q Revenue EU1.66B Vs. EU1.74B Y/y
- SBMO NA : SBM Offshore 1Q Adjusted Revenue $871M
- SGL GY : SGL 1Q Adjusted Ebitda EU42.1M
- SFQ GY : SAF-Holland SE 1Q Sales Misses Estimates
- ENR GY : Siemens Energy Boosts FY Comparable Sales Forecast
- SKAB SS : Skanska 1Q Operating Profit Misses Estimates
- S92 GY : SMA Solar 1Q Ebitda EU49.9M
- STM GY : Stabilus Sees FY Rev. Low End of EU1.4B to EU1.5B, Est. EU1.39B
- STRA AV : Strabag to Buy Parts of Vamed from Fresenius for €90m
- SAX GY : Stroeer 1Q Adjusted Ebitda Beats Estimates
- SLPB SS : Swedish Logistic Property Holder Agartha Offers Shares
- SMHN GY : Suess MicroTec 1Q Ebit Matches Estimates
- SYAB GY : Synlab 1Q Adjusted Ebitda EU123.1M
- TGS NO : TGS 1Q Ebitda Misses Estimates
- TTE FP : TotalEnergies Has Plenty of Reasons to Exit Paris: ECM Watch
- EBOX LN : Tritax EuroBox Advances After Betaville Issues ‘Uncooked Alert’
- UBI FP : EA 1Q Net Bookings Forecast Misses Estimates: Snapshot
- UTDI GY : United Internet 1Q Sales Misses Estimates
- VEI NO : Veidekke 1Q Revenue Beats Estimates
- VER AV : Verbund 1Q Net Income EU506.0M
- VIV FP : Canal+ Holds About 43.54% of MultiChoice Shares After Purchases
- WAWI NO : Wallenius Wilhelmsen 1Q Ebitda Meets Estimates