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European Equities Traded in the US as American Depositary Receipts Rise in Thursday Trading

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European equities traded in the US as American depositary receipts were tracking higher late Thursday morning, advancing 0.79% to 1,889.50 on the S&P Europe Select ADR Index.

From continental Europe, the gainers were led by biotech firm Evaxion (EVAX) and software company SAP (SAP), which climbed 10.5% and 5.9% respectively. They were followed by pharmaceutical company Sanofi (SNY) and accommodations booking site trivago (TRVG), which advanced 4.9% and 4.5% respectively.

The decliners from continental Europe were led by telecommunications company Nokia (NOK) and semiconductor company Sequans Communications (SQNS), which were down 4.1% and 1.3% respectively. They were followed by biopharmaceutical company DBV Technologies (DBVT) and biopharmaceutical company Cellectis (CLLS), which fell 0.7% and 0.3% respectively.

The gainers from the UK were led by biotech company Autolus Therapeutics (AUTL) and communications company WPP (WPP), which rose 7.1% and 5.5% respectively. They were followed by biopharmaceutical company Akari Therapeutics (AKTX) and software firm Endava (DAVA), which were up 3.8% and 1.6% respectively.

The decliners from the UK and Ireland were led by insurance company Prudential (PUK) and mining company BHP Group (BHP), which dropped 7.1% and 2.4% respectively. They were followed by lender HSBC (HSBC) and oil and gas company Shell (SHEL), which lost 1.6% and 0.3% respectively.

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Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Higher in Thursday Trading

Asian equities traded in the US as American depositary receipts were higher Thursday morning, up 0.47% at 2,919.14 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by casino and resort operator Melco Resorts & Entertainment (MLCO) and lender Mitsubishi UFJ Financial Group (MUFG), which rose 3.3% and 2.8% respectively. They were followed by online entertainment service Bilibili (BILI) and lender Shinhan Financial Group (SHG), which were up 2.5% and 2.2% respectively.The decliners from North Asia were led by video display maker LG Display (LPL), which dropped 7.8%. It was followed by semiconductor companies Himax Technologies (HIMX) and ASE Technology (ASX), which lost 7.2% and 6.5% respectively.From South Asia, the gainers were led by tech conglomerate Sea (SE) and telecommunications operator Telekomunikasi Indonesia (TLK), which advanced 3.7% and 3.5% respectively. They were followed by lender HDFC Bank (HDB) and IT firm Infosys (INFY), which increased 3% and 2.9% respectively.The lone decliner from South Asia was fintech firm Trident Digital Tech (TDTH), which tumbled 13%.

$ASX$BILI$HDB$HIMX$INFY$LPL$MLCO$MUFG$SE$SHG$TDTH$TLK
Asia Markets

US Equity Futures Mixed Pre-Bell as Broadcom Falls, Clashes Continue in Middle East

US equity futures were mixed pre-bell Thursday as traders watched tech giant Broadcom's (AVGO) stock drop after the company posted its fiscal Q2 financial results and attacks continued in the Middle East.Dow Jones Industrial Average futures were 0.9% higher, S&P 500 futures were down 0.4%, and Nasdaq futures were 1.2% lower.Broadcom shares were down 15% in premarket activity as the company issued below-consensus guidance for fiscal Q3 AI-chip revenue.Kuwait reported that an Iranian missile and drone strike hit the country's international airport, killing one person and injuring dozens more. Iran claimed that it launched a retaliatory attack on US military bases in Kuwait after an earlier set of airstrikes by US forces.Traders also digested the latest round of earnings, with CrowdStrike (CRWD) posting higher fiscal Q1 adjusted earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 3% at $94.89 per barrel and US West Texas Intermediate crude 3.2% lower at $92.97 per barrel.The weekly jobless claims bulletin, released at 8:30 am ET, showed 225,000 new unemployment claims for the week ended May 2, compared with the downwardly revised figure of 212,000 in the prior week, and it came in above the 215,000 expected, according to estimates compiled by Bloomberg. Q1 nonfarm productivity increased at a 0.3% annual rate, below forecasts for 0.4%, while unit labor costs increased 1.8%, compared with the 2.4% expected.Federal Reserve Richmond President Thomas Barkin and San Francisco President Mary Daly are slated to speak on Thursday.In other world markets, Japan's Nikkei closed 1.4% lower, Hong Kong's Hang Seng ended 1.5% lower, and China's Shanghai Composite finished 0.6% lower. Meanwhile, the UK's FTSE 100 was down 0.2%, and Germany's DAX index was 0.6% higher in Europe's early afternoon session.In equities, CrowdStrike stock was down 10% after the company reported its fiscal Q1 financial results. ARM (ARM), Micron Technology (MU), and Marvell Technology (MRVL) shares were all down as part of a broader stock sell-off in the semiconductor industry. ARM shares fell 6%, Micron stock was down 6.4%, and Marvell shares dropped 5.9%.On the winning side, Eli Lilly (LLY) was up 1.3% after Ascidian Therapeutics said the company will receive exclusive, target-specific rights to Ascidian's RNA exon editing technology for undisclosed kidney disease targets in exchange for up to $1.9 billion under a new research partnership and licensing agreement. Costco Wholesale (COST) shares rose 2.3% after the company reported net sales of $24.01 billion for May, up from $20.97 billion a year earlier. RTX (RTX) stock was up 2.2% after the company said that its Raytheon unit was awarded a $515 million contract from the US Navy for the SPY-6 family of radars.

$^DJI$^IXIC$^SPX$ARM$AVGO$COST$CRWD$LLY$MRVL$MU$RTX
Asia Markets

Saudi Equities End Week Lower; Lebanon, Israel Agree to Ceasefire Deal

The Tadawul Share All Share Index closed out the week lower at 0.11% in the red on Thursday as investors digested the latest updates on the Middle Eastern conflict.Lebanon and Israel agreed to a new ceasefire deal that was mediated by the US, Reuters reported. The new agreement is set to take effect within 24 hours. However, Israel said that it will continue its attacks on Hezbollah facilities in Lebanon, with the strikes in the Southern region of the country resulting in one fatality.Against this backdrop, the US House of Representatives voted for a war powers resolution that would potentially block President Donald Trump from continuing the conflict with Iran. The resolution will now be passed by the Senate, which must also approve the legislation."There was little clarity from Trump himself, who said the negotiations could complete over the weekend but could go on another two, three weeks. So tensions seemed to be ratcheting up again, and hopes for a durable peace deal continued to decline. Meanwhile, CNN reported yesterday that one of the key sticking points was monetary compensation for Iran. Otherwise, the US House of Representatives did vote against the Iran war in a 215-208 vote yesterday, after four Republicans joined with the Democrats. But in practice that won't end the military conflict, as the Senate would also need to pass it, and Trump could issue a veto as well," Deutsche Bank Research said in a note.Back at home, Saudi Vitrified Clay Pipes (SASE:2360) ticked down 0.81% as it entered into a 15-month deal to supply vitrified clay pipes, fittings, and accessories for a sewage networks project. The equipment will be used for the second phase of the Sabya Villages project.Meanwhile, the board of Marketing Home Group for Trading Co. (SASE:4194), d/b/a Build Station, resolved to distribute a dividend of 2.25 Saudi riyals per share for the first quarter. It will pay the dividend on June 16 to shareholders on record as of June 8. Shares of the trade and development company surged 9.98% at closing.

$^TASI$SASE:2360$SASE:4194