- Saab (SDV1 TH) +3.2%
- Saab 4Q Sales Beat Estimates
- Phoenix Group (1BF TH) +1.8%
- Rockwool (R90 TH) +1.6%
- Bawag (0B2 TH) +1.3%
- STMicro (SGM TH) +1%
- Novo (NOV TH) -1.2%
- Lotus Bakeries (7LB TH) -1.3%
- Porsche SE (PAH3 TH) -1.3%
- Porsche Warns Pullback From EVs Will Drag on Profit This Year
- AstraZeneca (ZEG TH) -1.3%
- Signify (G14 TH) -1.4%
- Signify Cut to Reduce at Kepler Cheuvreux
- Maersk (DP4B TH) -1.5%
- Rational (RAA TH) -1.8%
- VW (VOW3 TH) -2%
- Porsche Warns Pullback From EVs Will Drag on Profit This Year
- Yara (IU2 TH) -2.2%
- Yara 4Q Adjusted Ebitda Meets Estimates
- Porsche (P911 TH) -3.3%
- Porsche Warns Pullback From EVs Will Drag on Profit This Year
DAX:
- Porsche SE (PAH3 TH) -1.5%
- Porsche Warns Pullback From EVs Will Drag on Profit This Year
- VW (VOW3 TH) -2%
- Porsche Warns Pullback From EVs Will Drag on Profit This Year
- Porsche (P911 TH) -2.8%
- Porsche Warns Pullback From EVs Will Drag on Profit This Year
MDAX:
- Hensoldt (HAG TH) +1.9%
- NOTE: Yesterday, Defense Stocks Fall; Russian MP Says Putin-Trump Meeting Nears
SDAX:
- RENK Group AG (R3NK TH) +1.3%
- NOTE: Yesterday, Defense Stocks Fall; Russian MP Says Putin-Trump Meeting Nears
- PVA TePla (TPE TH) +1.3%
- Eckert & Ziegler (EUZ TH) -1%
A boost for Chinese tech stocks helped lift Asian stocks Friday despite selling pressure in Japan as traders await US jobs data that will help illuminate the path ahead for interest rates. Hong Kong’s Hang Seng Index touched the highest level since November in Friday trading as a gauge of Chinese technology stocks trading in the city was poised to enter a technical bull market. Shares in mainland China and Taiwan also advanced, running against the grain of declines in Japan and South Korea. The decline in Tokyo partly reflected a stronger yen overnight that began to abate in Friday trading. The currency edged lower against the greenback, ending a four-day run of strengthening. The mixed moves underscored a lack of direction ahead of US nonfarm payroll figures due later Friday, which will refocus traders away from the drama over tariffs that rattled financial markets earlier in the week. A weak print could boost expectations for further Federal Reserve cuts, while a stronger-than-expected number may have the opposite effect. The Hang Seng Tech Index rose as much as 2.9%. The advance has propelled the benchmark more than 20% from a January low, meeting the definition for a bull market, after a cheap artificial intelligence model from startup DeepSeek ignited interest in China’s internet firms. Friday’s jobs report is expected to show 175,000 new roles added to the US economy. Separate jobs data released Thursday showed initial jobless claims picked up while labor productivity remained robust. In addition to the employment print Friday, Wall Street will be closely watching a revision to job growth. Economists predict that will be substantial, but probably not as bad as initially estimated. Earlier gains for the yen followed comments from Bank of Japan board member Naoki Tamura, who underscored the case for higher interest rates. The country’s Prime Minister Shigeru Ishiba prepares to meet with US President Donald Trump on Friday. India delivered its first rate cut since 2020, cutting a key benchmark rate 25 basis points to 6.25%. The cut was expected, although some analysts had anticipated a 50 basis point cut. The Indian rupee strengthened following the move. Elsewhere, Treasury Secretary Scott Bessent said that his department is conducting outreach to major holders of government securities to get a better picture on their thoughts on the federal debt limit. Bessent also said he favors a strong dollar and has no plans to alter the government’s debt-issuance plans. Shares in Amazon.com Inc. fell in after-hours trading following earnings results that showed projected profits for the current quarter below analysts’ estimates. The shortfall indicates the company continues to ramp up spending to support artificial intelligence services.
In Asia, data set for release includes outright bond purchases for the Bank of Japan, inflation for Taiwan and a rate decision in India. Consensus forecasts indicate the Reserve Bank of India will cut its benchmark repurchase rate 25 basis points to 6.25%, but some analysts say there is a chance the RBI could cut by twice that amount. Every year, the January employment report from the Bureau of Labor Statistics comes with revisions for the 12 months through the previous March. Those adjustments traditionally don’t get much attention. But this week they will, because the agency’s preliminary estimate in August suggested the downward revision would be 818,000 — the largest since 2009. Fed Chair Jerome Powell said last week officials want to see more progress on inflation and would be looking for “serial readings” showing price pressures moving in the right direction. For now, traders still see the Fed’s next move as a cut — although likely not until mid-year. Treasury yields hit 2025 lows this week. Treasuries were steady after small declines across the curve Thursday. An index of the dollar was little changed. In commodities, gold rose after retreating from a record high Thursday, its first decline in six sessions. Oil also edged higher after falling Thursday as Trump’s renewed pledge to drive down the price of crude overshadowed his push for tighter Iranian sanctions. US after Hours AMZN -5.4%, BILL -30%, ELF -25.8%, SKX -12.5%, MCHP -6.8% lower on earnings; DOCS +21.8%, PINS +19%, NET +14%, LEU +11.8%, AFRM +11.7%, MPWR +11% higher on earnings
Nikkei -0.57% Hang Seng +0.46% CSI +0.52% Shanghai +0.32% Shenzen +0.65%
Eur$ 1.0376 CNH 7.2890 CNY 7.2878 JPY 151.76 GBP 1.2428 CHF 0.9065 RUB 96.7500 TRY 35.9865 WTI$ 70.92 +0.44% Gold 2,862 +0.21% BTC 96,725 -0.05% ETH 2,678 -1.12%
S&P -0.13% Nasdaq -0.08% EuroStoxx -0.15% FTSE -0.20% Dax -0.02% SMI -0.02%
Macro :
- DeepSeek, Dancing Robots Fuel Chinese Fervor for Tech Stocks (1)
- *US PREPARES ORDER TO CUT HEALTH AGENCY JOBS, SOURCES SAY : WSJ
- *US PREPARES ORDER TO CUT HEALTH AGENCY JOBS, SOURCES SAY : WSJ
- London is better than New York for float, says energy chief planning UK listing
Keep an eye on :
Keep an eye on :
- AFRY SS : AFRY 4Q Net Sales Meet Estimates
- AMZN US : Amazon 1Q Net Sales Forecast Misses Estimates: Snapshot
- AAL LN : De Beers IPO moves closer for Anglo American as Botswana eyes bigger stake
- APAM NA : Aperam 4Q Adjusted Ebitda Beats Estimates
- AAPL US : Apple’s Long-Awaited Overhaul of Budget iPhone Nears Release
- BPE IM : BPER Banca OKs Launch of Exchange Offer on BP Sondrio Shares
- CLASB SS : Clas Ohlson Jan. Sales +14%
- CPG LN : Food Caterers Compass, Aramark See Boost From Outsourcing Rush
- CE IM : Credito Emiliano 4Q Net Income Beats Estimates
- DANSKE DC : Danske Bank 2025 Net Income Forecast Beats Estimates , Danske Bank Plans to Distribute Record Profit to Shareholders
- DNB US : Veritas Is Said in Talks to Acquire Data Firm Dun & Bradstreet
- EMSN SW : EMS-Chemie FY Net Income Beats Estimates
- EQNR NO : Equinor Sees Healthy EU Refining Margins Driving High Run Rates
- EQNR NO : Prio in Talks to Buy 60% of Peregrino Field From Equinor: Folha
- EXPE US : Expedia Gains on Robust Report, Reinstated Dividend: Street Wrap
- GEMINI IPO : Winklevoss Twins’ Crypto Exchange Gemini Is Said to Weigh IPO
- GPRO US : GoPro 4Q Adjusted Loss per Share 9.0C, Est. Loss/Shr 11C
- GTT FP : GTT, Cosco Shipping LNG, Cosco Shipping Heavy Sign Cooperation
- 2317 TT : Hon Hai Seeks to Approach Nissan as Honda Deal Set to Break: CNA
- IBAB BB : Framatome and IBA to Partner on Astatine-211 Cyclotron Network
- IBE SM ; Iberdrola’s Neoenergia Sells Brazil Hydro Plant to EDF, STOA
- IVG IM : *IVECO BOARD IS CONSIDERING SEPARATING DEFENCE OPS IN 2025
- KCR FH : Konecranes 4Q Adjusted Ebita Beats Estimates
- KOG NO : Kongsberg 4Q Revenue Beats Estimates
- LEHN SW : Lem 9M Ebit CHF20.1M Vs. CHF69.3M Y/y; Names New CFO
- LINDEX FH : Lindex 4Q Net Sales EU273.7M Vs. EU274.3M Y/y
- LGF/A US : Lionsgate to Host Shareholder Meeting in April on Starz Split
- NKLA US : Nikola Exploring Bankruptcy, WSJ Reports, Sending Stock Tumbling
- 7201 JP : Nissan Climbs on Reports of Foxconn’s Renewed Interest in Tie-up
- NSKOG NO : Norske Skog 4Q Ebitda Misses Estimates, Norske Skog Sells Boyer Mill at About NOK190m Enterprise Value
- OR FP : L’Oreal ADRs Fall on Miss in Key Segments, Regions: Street Wrap
- OBEL BB : Orange Belgium FY Ebitda After Leases Misses Estimates
- PARA US : *PARAMOUNT MERGER SHOULD GET SECURITY REVIEW, KEY SENATOR SAYS
- BPSO IM : Pop. Sondrio 4Q Net Income Beats Estimates
- P911 GY : Porsche Sees 2025 Sales EU39b to EU40b, Est. EU40.3b, Porsche SE Sees Higher Impairment Over Porsche AG & Volkswagen
- P911 GY : Porsche Warns Pullback From EVs Will Drag on Profit This Year
- ROVI SM : Rovi Says 2024 Ebitda to Be 10%-15% Lower Than Market Consensus
- SAABB SS : Saab 4Q Sales Beat Estimates
- SAB SM : Sabadell 2025 ROTE Forecast Beats Estimates (1)
- SAB SM : Sabadell Lifts Payout Promise in Effort to Fend Off BBVA Bid
- SAN FP : Sanofi Starts Share Buyback of Up to €2B
- SCHA NO : Schibsted 4Q Operating Revenue Misses Estimates
- SRP LN : Serco Gets Contract for UK Armed Forces Recruitment Service
- SKAB SS : Skanska FY Revenue Beats Estimates
- SWECB SS : Sweco FY Dividend per Share Beats Estimates
- LUV US : Elliott Is Said to Boost Interest in Southwest Airlines to 12.8%
- TLX GY : Talanx Prelim FY Net Income EU1.98B
- THULE SS : Thule 4Q Net Sales Beat Estimates
- TIT IM : *ILIAD MET WITH ITALY OFFICIALS OVER TELECOM ITALIA: CORRIERE
- TITC BB : Cement Maker Titan’s IPO for US Unit Raises $384 Million ( TTAM US )
- HO FP : Business Day.za: Thales wants arms deal charges dropped
- UBI FP : Take-Two Rises on Backed Bookings, Grand Theft Auto VI Plans
- UBI FP : Take-Two Rises on Backed Bookings, Grand Theft Auto VI Plans
- DG FP : Vinci’s Free Cash Flow Impresseses in Full-Year Report
- VONN SW : Vontobel FY Net Income Meets Estimates, Vontobel FY Net New Money Gain CHF2.6B
- WYNN US : Wynn Gets $2.4B Funding to Develop Wynn Al Marjan Island
- YAR NO : Yara 4Q Adjusted Ebitda Meets Estimates
>>> Up
* Aurubis Raised to Buy at DZ Bank; PT 93 euros
* Detection Tech Oy Raised to Buy at Nordea; PT 18.10 euros
* F-Secure Raised to Buy at Inderes; PT 2.30 euros
* Honeywell Raised to Buy at Deutsche Bank; PT $260
* Honeywell Raised to Buy at Deutsche Bank; PT $260
* International Workplace Raised to Overweight at Barclays
* Iren Raised to Outperform at Mediobanca SpA; PT 2.80 euros
* Li Auto ADRs Raised to Outperform at Macquarie; PT $29
* Munters Raised to Buy at Berenberg
* Ralph Lauren PT Raised to $330 from $285 at Jefferie
* Wizz Air Raised to Buy at HSBC; PT 1,900 pence
>>> Down
>>> Down
* Acea Cut to Neutral at Mediobanca SpA; PT 20.50 euros
* Air Products Cut to Neutral at JPMorgan; PT $320
* AMD Cut to Hold at DZ Bank; PT $120
* Atea Cut to Neutral at SpareBank; PT 135 kroner
* Betsson Cut to Hold at ABG; PT 165 kronor
* Cloudberry Clean Energy Cut to Hold at Norne Securities
* EDP SA Cut to Neutral at Mediobanca SpA; PT 3.45 euros
* EDP Renovaveis Cut to Neutral at Mediobanca SpA; PT 11 euros
* Elf Beauty Cut to Neutral at DA Davidson; PT $80
* Elf Beauty Cut to Equal-Weight at Morgan Stanley; PT $70
* Elmera Group ASA Cut to Hold at Pareto Securities; PT 34 kroner
* Enagas Cut to Neutral at Mediobanca SpA; PT 16 euros
* Enav Cut to Neutral at Mediobanca SpA; PT 3.80 euros
* Maersk Cut to Hold at SEB Equities; PT 12,500 kroner
* Mondelez Cut to Sell at DZ Bank; PT $52
* Nokian Renkaat Cut to Accumulate at Inderes; PT 7.50 euros
* Norden Cut to Hold at SEB Equities; PT 190 kroner
* PepsiCo Cut to Market Perform at CICC; PT $166
* Recordati Cut to Sell at Deutsche Bank; PT 52 euros
* Sanoma Cut to Reduce at Inderes; PT 8 euros
* Sanoma Cut to Reduce at Inderes; PT 8 euros
* Siemens Healthineers Cut to Hold at HSBC; PT 61 euros
* SRV Group Cut to Reduce at Evli Bank; PT 4.80 euros
>>> Initiation
>>> Initiation
* GE Vernova Rated New Buy at Johnson Rice; PT $425
* Nanobiotix SA Rated New Outperform at Oddo BHF; PT 10 euros
* SigmaRoc Rated New Buy at Stifel; PT 108 pence
* SKF Rated New Equal-Weight at Oxcap; PT 200 kronor
* Strategy Rated New Outperform at KBW; PT $560
>>> Call
* Strategy Rated New Outperform at KBW on Bitcoin Opportunity (1)
* Strategy Rated New Outperform at KBW; PT $560
>>> Call
* Strategy Rated New Outperform at KBW on Bitcoin Opportunity (1)
India cuts rates for first time in nearly 5 years to combat slowing growth
New central bank governor Sanjay Malhotra loosens monetary policy despite high inflation hitting consumer spending
India’s central bank has cut its benchmark interest rate for the first time in almost five years in an effort to shore up economic growth and reverse a broad downturn in the world’s most populous country.
The decision to cut the headline repo rate by 0.25 percentage points to 6.25 per cent was unanimous and widely anticipated by a consensus of economists.
“A less restrictive monetary policy is more appropriate at this current juncture,” said Reserve Bank of India governor Sanjay Malhotra, a former revenue secretary who took office in December. He added that inflation was expected to continuing easing from the 5.2 per cent headline rate in December.
The RBI’s move comes as policymakers seek to revive a slowing economy. India is still recording the fastest GDP growth of any major country, but it is grappling with elevated price pressures, stagnant wages, weak consumption and a disappointing set of recent corporate earnings.
GDP growth slowed to 5.4 per cent in the quarter to the end of September, the lowest in nearly two years. The government has forecast growth of 6.4 per cent for the current fiscal year, its weakest rate in four years and down from 8.2 per cent in 2023-24.
New Delhi’s decision to appoint Malhotra, rather than give his hawkish predecessor Shaktikanta Das a third term, was seen by many economists as a signal that Prime Minister Narendra Modi would no longer tolerate higher borrowing costs.
India steadily raised its repo rate following the coronavirus pandemic to contain price rises that cut deeply into poor rural and middle-class spending power.
The RBI held the rate at 6.5 per cent for two years under Das, who was criticised by ministers in Modi’s government even as inflation breached the central bank’s target band late last year.
The cut also came despite India’s currency hitting new lows. The rupee has lost about 2 per cent of its value against a strengthening dollar this year, raising concerns about imported inflation.
Since Malhotra took the helm, the central bank last month announced an $18bn batch of measures to pump liquidity into India’s banking sector, which many economists saw as an early move by the new governor to pivot towards looser monetary policy.
Modi is also attempting to strengthen domestic consumption, including tax breaks for middle-class households in the budget unveiled last week. Finance minister Nirmala Sitharaman said the move would “leave more money in their hands, boosting household consumption, savings and investment”.
After Hours Summary: AMZN -5.4%, BILL -30%, ELF -25.8%, SKX -12.5%, MCHP -6.8% lower on earnings; DOCS +21.8%, PINS +19%, NET +14%, LEU +11.8%, AFRM +11.7%, MPWR +11% higher on earnings
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: DOCS +21.8%, PINS +19%, NET +14%, LEU +11.8%, AFRM +11.7%, MPWR +11% (also authorizes new $500 mln share repurchase program), EXPE +9.8% (also reinstates dividend), VREX +7.9%, FTNT +7%, OTEX +6%, TTWO +6%, IBEX +5.5%, CTLP +5.3%, SSNC +5.1%, PFG +5%, CLSK +4.7%, SYNA +4.3%, PCTY +4.2%, EXPO +3.5% (also increases dividend), CXM +3% (provides guidance, also announces 15% workforce reduction), G +2.9% (also authorizes new $500 mln share repurchase program; also increase dividend), PRO +2.3%, EHC +1.9%, BYD +1.8%, NGVC +1.6%, MHK +1.5%, VSAT +1.4%, QNST +1.3%, CNO +0.9%, VCTR +0.2%, ESE +0.1%, MTX +0.1%
Companies trading higher in after hours in reaction to news: SLRN +7.4% (ALMS and SLRN to merge), VLRS +3.1% (reports Jan traffic), KRMD +2.9% (signs agreement with global pharma co to develop SCIg therapy infusion system), GRPN +2.1% (Pale Fire Capital discloses slightly increased active stake of 32.0% (prior 31.3%)), DC +1.6% (amended Richmond Hill option agreement to acquire LAC Minerals), KLG +0.2% (increases dividend), WYNN +0.2% (secures $2.4 bln in funding to develop Wynn Al Marjan Island), PIPR +0.1% (authorizes new $150 mln share repurchase program), FDS +0.1% (files mixed shelf securities offering)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: BILL -30%, ELF -25.8%, WBTN -22.6%, GPRO -13.4%, SKX -12.5%, LESL -12.1%, NBIX -10.3%, LTRX -10.2%, CLFD -8.5%, EGP -7.8%, MCHP -6.8%, ONTO -6%, AMZN -5.4%, POWL -4.8%, QLYS -4.8%, STEP -4.6%, FBIN -4.5% (also authorizes new $1 bln share repurchase program), ILMN -4.5%, WERN -3.6%, RGA -2%, LITE -1.8%, VRSN -1.5%, AMRK -1%, LGF.A -0.9%, REG -0.3%, CRNC -0.3%, CPT -0.1%, TGI -0.1%
Companies trading lower in after hours in reaction to news: STIM -22.2% (commences stock offering), MUX -12.9% ($85 mln convertible offering) ALMS -1.4% (ALMS and SLRN to merge), SPG -1% (Chairman has retired), APLD -0.6% (to streamline exec reporting structure; CTO to resign), TLRY -0.5% (discloses private debt-for-equity exchange transactions), SILV -0.4% (SILV securityholders approve transaction with CDE), CDE -0.4% (SILV securityholders approve transaction with CDE), ASR -0.2% (reports Jan traffic), QTWO -0.2% (Wells Fargo launches commercial banking platform)
Notable earnings/guidance movers: DOCS +23.1%, MPWR +17.9%, PINS +15.6%, FTNT +12.7%, AFRM +10.9%, EXPE +10.2% on upside; BILL -28.7%, ELF -22.2%, SKX -13%, ILMN -4.8%, AMZN -2% on downside
- Earnings/guidance gainers: DOCS +23.1%, MPWR +17.9%, PINS +15.6%, FTNT +12.7%, AFRM +10.9%, MTD +10.6%, EXPE +10.2%, OTEX +8.7%, CRNC +7.9%, EXPO +7.2%, SYNA +6.9%, TTWO +6.9%, NET +6.2%, VSAT +6.2%, CTLP +5.3%, CLSK +5.2%, MHK +4.8%, EHC +4%, PRO +3.9%, PCTY +3.8%, G +3.7%, QNST +2.3%, CNO +2.2%, NGVC +1.6%, VREX +1.3%, PECO +1.2%
- Earnings/guidance losers: BILL -28.7%, ELF -22.2%, LTRX -14.1%, SKX -13%, CLFD -8.5%, LESL -8.5%, NBIX -7.6%, GPRO -5.5%, CPT -5.3%, LITE -4.9%, ILMN -4.8%, POWL -4.8%, ONTO -4.6%, QLYS -4.1%, MCHP -3.8%, WERN -3.6%, AMZN -2%, RGA -2%, VRSN -1.8%