US and European stock futures edged higher while equity benchmarks across Asia fluctuated. Chinese shares climbed after opening lower, Japanese benchmarks traded in and out of positive territory and Australian stocks fell. The mixed sentiment followed a down day on Wall Street Wednesday when hawkish comments from Federal Reserve officials prompted investors to rethink expectations about US peak rates. The S&P 500 fell 1.1% and the tech-heavy Nasdaq 100 dropped 1.8%. Treasury 10-year notes held the gains from a rally on Wednesday in the wake of a strong auction. The Australian and New Zealand dollars advanced. The knock to risk sentiment hinged on comments from four Fed officials who spoke at separate events Wednesday and reinforced a shared message: the fight against inflation is not yet won. Fed-funds futures markets priced in higher rates, with some options traders betting the US policy benchmark will reach 6%. Fed Bank of New York President John Williams said prior Fed indications that would see rates rise to 5.1% remain accurate. An index of the dollar weakened. The yen strengthened following speculation that Japan’s ruling party members would face division if Prime Minister Fumio Kishida’s choice for the new Bank of Japan chief is someone who is unlikely to follow the current path of monetary easing. A 7.7% drop for Alphabet Inc. shares amplified the hit to tech stocks as investors showed concern that its new artificial intelligence chatbot Bard may yield inaccurate responses. Walt Disney Co. shares surged in after-hours trading following fourth-quarter earnings that outpaced estimates. The company unveiled a dramatic restructuring that includes slashing 7,000 jobs as part of a $5.5 billion cost-cutting plan. Shares in Adani Enterprises fell as much as 10% to snap a two-day rally after MSCI Inc. said it was reviewing the amount of Adani Group-linked shares that were freely tradable in public markets. Meanwhile, Turkey’s stock exchange suspended trading for the first time in 24 years following a selloff that erased billions of dollars from the value of its main equities gauge in the wake of two devastating earthquakes. Trading in Turkish equities, futures and option contracts will resume on Feb. 15. oil steadied during trading in Asia after rallying about 7% over the previous three sessions as investors assessed the latest commentary from Fed officials and mixed Energy Information Administration data. Gold was little changed. US After Hours DIS +5.5% jumps following earnings and cost cutting moves; APP +28.2%, SONO +15.4%, QNST +10.3% higher on earnings; AFRM -19.6% falls on earnings and job cuts; APPS -18.6%, MAT -12.2%, TTMI -8.9% lower on earnings
Nikkei -0.08% Hang Seng +1.43% CSI +1.32% Shanghai +1.17% Shenzen +1.51%
Eur$ 1.0730 CNH 6.7905 CNY 6.7846 JPY 131.32 GBP 1.2105 CHF 0.9189 RUB 72.9538 TRY 18.8336 WTI$ 78.48 +0.01% Gold 1,879.60 +0.22% BTC 22,657 -1.35% ETH 1,630.40 -1.37%
S&P +0.37% Nasdaq +0.48% EuroStoxx +0.62% FTSE +0.25% Dax +0.72% SMI +0.23%
Macro :
- ECB Rates Must Hit Significantly Restrictive Levels, Kazaks Says
Keep an eye on :
- AGN NA : Aegon 4Q Operating Profit Beats Estimates
- AMBEA SS : Ambea 4Q Net Sales Beats Estimates
- MT NA : ArcelorMittal Sees 2023 World Ex-China ASC +2% to +3%
- ATEA NO : Atea 4Q Revenue Beats Estimates
- BCVN SW : BC Vaudoise FY Operating Profit CHF447.7M Vs. CHF428.8M Y/y
- BAR BB : Barco FY Ebitda Beats Estimates
- BPE IM : BPER Banca FY Dividend per Share Beats Estimates
- BAYN GY : Bluebell Says Bayer CEO Hire Is ‘First Step in Right Direction’
- CTM SS : Catena Media CFO Messner to Step Down Within Six Months
- CAV1V FH : Caverion 4Q Operating Profit Misses Estimates
- CINE LN : Cineworld’s Assets Attract Potential Buyers in Bankruptcy
- COP GY : CompuGroup FY Revenue Beats Estimates
- COOR SS : Coor 4Q Net Sales Matches Estimates
- ACA FP : *CREDIT AGRICOLE 4Q NET INCOME EU1.56B, EST. EU1.07B
- CSGN SW : Credit Suisse to Buy The Klein Group for $175M: M&A Snapshot
- CSGN SW : Credit Suisse Clients Pull $120 Billion Amid Fifth Straight Loss
- DAE SW : Daetwyler FY Ebit Misses Estimates
- DB1 GY : Deutsche Boerse Beats With Strength Across Board: Street Wrap
- DFDS DC : DFDS 4Q Ebitda Before Significant Items Misses Estimates
- DKSH SW : DKSH FY Operating Profit Beats Estimates
- D§IS US : *DISNEY SHARES RISE 3% AFTER 1Q ADJUSTED EPS BEATS ESTIMATE
- DNO NO : DNO 4Q Ebitda $226.7M Vs. $208.8M Y/y
- DNB NO : DNB Bank 4Q Net Income Beats Estimates
- DHER GY : Delivery Hero 4Q Gross Merchandise Value Misses Estimates
- EQNR NO : Gas Trader Spurned by Goldman Made Over $1 Billion Last Year
- EQNR NO : Equinor Makes Oil, Gas Discovery Near Troll Field in North Sea
- FAGR BB : Fagron FY Adjusted Ebitda Beats Estimates
- FLOW NA : Flow Traders 4Q Normalized Net Trading Income EU115.6M
- GLPG NA : Galapagos Data Ends Plans for Crohn’s Disease Filing
- GET FP : Getlink Jan. Passenger Shuttle Traffic Y/y +88%
- GN DC : GN Store Nord Sees 2023 Hearing Organic Rev Growth +2% to +8%
- GVOLT PL : Greenvolt Completes Issuance of €200m of Convertible Bonds
- HABA GY : Hamborner REIT FY FFO per Share Beats Estimates
- HUH1V FH : Huhtamaki 4Q Adjusted Ebit Matches Estimates
- IPN FP : Ipsen Sees 2023 Sales at Constant Exchange Rates Above +4%
- KBC BB : KBC Group Sees 2023 Net Interest Income About EU5.7B
- KWS GY : KWS Saat Boosts FY Net Sales Forecast
- LR FP : Legrand FY Adjusted Operating Margin Beats Estimates
- LEON SW : Leonteq FY Operating Income Beats Estimates
- B4B GY : Metro 1Q Sales Meets Estimates
- MTGB SS : MTG 4Q Ebit Beats Estimates
- MTRS SS : Munters 4Q Ebit Misses Estimates
- OCI NA : Fertilizer Price Dynamics Now Reflected in Valuations, Citi Says
- PNDXB SS : Pandox 4Q Ebitda SEK829M Vs. SEK521M Y/y
- PCEL SS : PowerCell will establish a local US presence as a result of growing demand from customers
- ROG SW : Roche, Janssen Expand Collaboration in Precision Medicine
- ROCKB DC : Rockwool Plunges Most Since 2008 on Outlook for Sales Drop
- ROCKB DC : Rockwool Plunges Most Since 2008 on Outlook for Sales Drop
- SCST SS ; Scandi Standard 4Q Operating Profit SEK99M Vs. SEK30M Y/y
- SIE GY : Siemens 1Q Comparable Revenue Beats Estimates
- SIKA SW : Sika’s Acquisition of MBCC Cleared by the EU With Conditions
- SIKA SW : Sika’s Acquisition of MBCC Cleared by the EU With Conditions
- SIM DC : Simcorp Prelim FY Ebit EU125.9M
- SWECB SS : Sweco 4Q Operating Profit Beats Estimates
- SCMN SW : Swisscom 2023 Ebitda Forecast Beats Estimates
- SPSN SW : Swiss Prime FY Vacancy Rate Beats Estimates
- TLX GY : Talanx Sees 2023 Net About EU1.4B, Proposes EU2 Dividend
- TGS NO : TGS 4Q Ebitda Beats Estimates
- URW NA : Unibail FY Adjusted Recurring EPS Beats Estimates
- VACN SW : VAT Says Mike Allison to Step Down as CEO at Year-End
- VAR NO : Var Energi Makes New Oil Discovery in Barents Sea
- VERK FH : Verkkokauppa.com 4Q Net Income Misses Estimates
- DG FP : Vinci FY Ebit Meets Estimates
- VOLVB SS : Volvo Cars 4Q Operating Income Beats Estimates
- WBD IM : Webuild Consortium Wins €934M Rail Bypass Contract in Italy
- WHA NA : Wereldhave Sees 2023 EPS EU1.65 to EU1.75
- ZURN SW : Zurich Ins. FY Operating Profit Meets Estimates