A gauge of Asian equities headed for its second weekly gain, boosted by optimism over potential economic stimulus in China and the S&P 500 entering a bull market. Shares in mainland China and Hong Kong traded in tight ranges as a decline in Chinese producer prices and tepid consumer-price inflation bolstered speculation the government will have to do more to support the economy. Japanese stocks snapped a two-day decline, while those in Australia advanced for the first time in four days. South Korean equities headed for the highest close since June last year. US stock futures inched lower in Asia, while Treasuries were little changed after rising on Thursday. Government bonds gained in Australia and New Zealand. A jump in US jobless claims to the highest since October 2021 suggests the labor market is starting to cool, which helped to fuel tech stocks. They had faced headwinds from speculation of the Federal Reserve keeping interest rates higher for longer. The S&P 500 added 0.6% and the tech-heavy Nasdaq 100 rose 1.3% on Thursday with chipmakers including Nvidia Corp. and Advanced Micro Devices Inc. among the biggest gainers amid the frenzy in stocks linked to artificial intelligence. Investors are reassessing the trajectory of Fed policy after central banks in Australia and Canada this week unexpectedly raised interest rates. Traders had fully priced in another Fed hike by July on Wednesday. The yen weakened after a rally Thursday when data showed Japan’s economy grew faster than expected in the first quarter. The offshore yuan fell following China’s producer-prices data. The Bloomberg Commodity Index headed for its first weekly advance since April as gains in gold and iron ore helped offset a second weekly slide in oil, which shrugged off Saudi Arabia’s pledge to cut output. The Turkish lira weakened after the country’s President Recep Tayyip Erdogan named Hafize Gaye Erkan, a former executive of Goldman Sachs Group Inc. and First Republic Bank as the new central bank governor. There are indications the new economic team is abandoning a costly intervention strategy as part of an expected turn toward more conventional policies. US After Hours DOCU +5.4% higher on earnings; TSLA +3.3% and GM +3.2% higher on charging station deal.
Nikkei +1,90% Hang Seng +0,28% CSI -0,07% Shanghai +0,03% Shenzen+0,06%
Eur$ 1,0777 CNH 7,1353 CNY 7,1253 JPY 139,31 GBP 1,2547 CHF 0,8996 RUB 82,5866 TRY 23,4985 WTI$ 70.77 Gold 1,963 -0,15% BTC 26,465 -0,60% ETH 1,837 -0,80%
S&P -0,06% Nasdaq +0,02% EuroStoxx +0,1é% FTSE +0,18% Dax +0,04% SMI +0,18%
Macro :
- El Nino-Lowered Crop Prices Could Pinch European Food Margins
- Odey’s Hedge Fund Responds to Sexual Assault Allegations in FT
- Odey’s Hedge Fund Responds to Sexual Assault Allegations in FT
- Stocks Drop 20% If Bonds Have Inflation Right in JPMorgan Model
- Blackstone’s Perry Sees PE Investors Lacking Cash for New Funds
- Private Equity: BC Partners’ Stathopoulos Sees Flight to Quality
- EU Approves €8 Billion in Subsidies for Chip Research
- Norway Plans to Open Arctic Ocean Area to Deep-Sea Mining: FT
- Watch UK Oil Companies on Likely Plans to Limit Windfall Tax
Keep an eye on :
Keep an eye on :
- AELIS FP : French Biotech’s Cannabis Addiction Drug Shows Early Promise
- ALKB DC : ALK Abello Says Rhinitis Tablet Trial Meets Primary Endpoint
- CVNA US : Carvana Shorts Take a $1 Billion Gut Punch After Record Rally
- CO FP : Casino, Teract Won’t Pursue Merger Talks
- CO FP : Niel, Pigasse, Zouari Working on Equity, Debt Deal for Casino
- CO FP : InVivo Won’t Invest in Casino’s French Operations, Reports Say
- CAST SS : Castellum CEO Buys Shares for SEK1.05 Million
- COST LN : Costain to End Involvement in A66 Project
- EDEN FP : Media Conglomerate Vivendi Loses CAC 40 Spot, Edenred to Join
- ENI IM : ENI, Kazakhstan’s KMG Announce 250MW Hybrid Power Plant
- ERA FP : Eramet to Redeem All Its Outstanding 4.196% Bonds Due Feb. 2024
- ERA FP : Eramet to Redeem All Its Outstanding 4.196% Bonds Due Feb. 2024
- ENX FP : Euronext May Total Cash Market Transaction Value M/M +19%
- GAM SW : GAM Says Liontrust Expects to Publish Offer Prospectus June 13
- GLEN LN : Bunge Finalizing Merger With Glencore-Backed Viterra: Reuters
- LDO IM : Leonardo in Contract to Supply Aircraft to Azerbaijan Air Force
- MC FP : Billionaire Glasenberg Nears Purchase of Bike Maker Pinarello
- MC FP : Permira Said to Mull Sale of €2.5 Billion Shoemaker Golden Goose
- MBG GY : Mercedes-Benz Gets California Autonomous Car Deployment Permit
- META US : Meta Reveals Twitter Competitor It Plans to Launch as Stand-Alone App -- Update
- NHY NO : Norsk Hydro Boosts Alumetal Tender Offer to PLN82/SHR
- ROTH FP : Concordia Filed Offer for Rothschild Takeover: AMF
- SAN FP : Astra, Sanofi Win FDA Advisers Backing
- SIG US : Signet Tumbles on Guidance Cut Even Bigger Than Citi Expected
- SKISB SS : SkiStar Slumps as Nordea Cuts to Hold ‘After a Good Run’
- TIT IM : Telecom Italia Approaches a Crossroads on $22 Billion Grid Sale
- TSLA US : GM to Join Tesla’s EV Charging Network, Creating US Standard
- FP FP : TotalEnergies In Power Purchase Pact for Project in Kazakhstan
- UMG NA : Universal Music, SoundCloud Weigh Pay Changes to Reward Artists
- VWS DC : Vestas Gets 161 MW Order From Neoen for Two Projects in Finland
- VICO SS : Vicore Pharma Offering of 29.9m Shares Prices at SEK16.75/Share
- VIV FP : Media Conglomerate Vivendi Loses CAC 40 Spot, Edenred to Join
- VOD LN : IFC Takes Stake in Safaricom Ethiopia With $157.4m Investment
- VOLCARB SS : Volvo Car CEO Says ‘No Ifs, Buts, Maybes’ on Meeting Targets
- MF FP : African Tower Firm IHS in Shareholder Standoff Over Governance