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

Asian equities traded in the US as American depositary receipts were little changed Thursday morning, edging 0.01% lower to 2,816.66 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by internet and data center services provider VNET Group (VNET) and lender CNFinance (CNF), which rose 4.9% and 4.7% respectively. They were followed by fintech firm J and Friends (JF) and brand platform Baozun (BZUN), which were up 4.6% and 3.9% respectively.The decliners from North Asia were led by solar panel maker JinkoSolar (JKS) and computer hardware manufacturer Canaan (CAN), which shed 16% and 4.7% respectively. They were followed by fintech company Maase (MAAS) and polysilicon manufacturer Daqo New Energy (DQ), which fell 3.9% and 3.5% respectively.From South Asia, the gainers were led by IT company Sify Technologies (SIFY) and telecommunications operator PLDT (PHI), which advanced 3.2% and 1.2% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and telecommunications operator Telekomunikasi Indonesia (TLK), which increased 0.9% and 0.4% respectively.The only decliners from South Asia were IT firm Wipro (WIT) and lender HDFC Bank (HDB), which lost 2.4% and 1.6% respectively.

$BZUN$CAN$CNF$DQ$HDB$JF$JKS$MAAS$PHI$RDY$SIFY$TLK$VNET$WIT

Asia Markets23d ago

Hopes for Middle East Peace Nudge US Equity Futures Higher Pre-Bell

US equity futures were edging higher pre-bell Thursday as optimism for an end to the Middle East conflict continues to grow, with a second round of talks and a ceasefire extension on the horizon.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.2% lower.Israel's security cabinet met on Wednesday to discuss a potential ceasefire in Lebanon that could remove a key hurdle in securing a broader peace agreement.A series of solid earnings so far this week has also allayed concerns about the economy. Taiwan Semiconductor Manufacturing (TSM) and Charles Schwab (SCHW) posted higher Q1 earnings and net revenue. Netflix (NFLX) is due to report after market close.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.3% at $96.16 per barrel and US West Texas Intermediate crude up 0.7% at $91.93 per barrel.Initial jobless claims dropped to 207,000 in the week ended April 11 from 218,000 in the previous week, compared with expectations for a decrease to 213,000 in a survey of analysts compiled by Bloomberg.The March industrial production report, due at 9:15 am ET, is forecast to show a 0.1% increase following a 0.2% gain in the prior month.In other world markets, Japan's Nikkei closed 2.4% higher, Hong Kong's Hang Seng ended 1.7% higher, and China's Shanghai Composite finished 0.7% higher. Meanwhile, the UK's FTSE 100 was up 0.7%, and Germany's DAX index was 0.6% higher in Europe's early afternoon session.In equities, Charles Schwab (SCHW) stock was 2% lower after the company posted Q1 net revenue below analyst estimates. Paypal (PYPL) shares were down 1.7% after Mizuho downgraded the company's stock to neutral from outperform.On the winning side, Alibaba (BABA) stock was 3.3% higher after the company launched a new AI model that creates 3D environments and interactive videos, according to a Bloomberg report. TotalEnergies (TTE) shares were up 3.5% after the company said its Q1 exploration and production results are expected to rise significantly, supported by higher oil prices and contributions from new projects. Adobe (ADBE) stock was 2.7% higher after the company launched its new artificial intelligence tool, Firefly AI Assistant.

$^DJI$^IXIC$^SPX$ADBE$BABA$NFLX$PYPL$SCHW$TSM$TTE

Asia Markets23d ago

Saudi Shares End Week Lower; Jarir Marketing Gains

The Tadawul All Share Index closed the week lower at 0.30% in the red on Thursday as market watchers tuned in to the latest updates on geopolitical conflicts between the US and Iran, as well as Ukraine and Russia.Reuters reported, citing sources in Pakistan, that the Iran-US war might end soon as "sticky issues" regarding its previous failed deal have made progress. The foreign ministry of Pakistan also confirmed that both sides are willing to continue negotiations, with the US side saying that talks were "productive and ongoing.""US-Iran talks may resume in Pakistan this weekend after previous discussions stalled, although no date has been set yet. The Trump administration expressed optimism on Wednesday about resolving the conflict; President Trump stated in an interview with Fox News that the Iran war is 'almost over'," Danske Bank said in a note.On the other hand, dampening sentiment is Russia's newest attack in Ukraine. The strikes in Kyiv and Odesa resulted in casualties, injuries, and property damage.Back at home, Jarir Marketing (SASE:4190) shares gained 2.77% as it logged an estimated 16.658% annual increase in attributable net profit and a 14.371% rise in revenue in the first quarter.Meanwhile, Cherry Trading Co. (SASE:4265) entered a 36-month leasing contract for 275 vehicles. Shares of the car rental and leasing company closed 0.16% lower.

$^TASI$SASE:4190$SASE:4265

Asia Markets23d ago

Abu Dhabi, Dubai Stocks Extend Winning Streak; Aldar Properties Blinks Green

Emirati equities extended their gains to a third day as the FTSE ADX General Index gained 0.261%, and the DFM General Index added 1.077% at the close of Thursday trading.US President Donald Trump said in a social post that Israel and Lebanon will speak on Thursday. Trump also mentioned that China is "very happy" with his permanent opening of the Hormuz waterway and agreed not to send its weapons to Iran.Oil prices remained steady amid the US blockade of Iranian ports, with the US Central Command stating that no vessels were able to pass their forces, while nine vessels were ordered to turn back to Iran in the first 48 hours of the blockade."For now, our base case is that energy flows will start to make a gradual recovery through the second quarter. However, flows will remain below pre-war levels until at least year-end. This would see Brent averaging $96/bbl over 2Q26 and $89/bbl over the full year 2026. A more extreme scenario would be where Persian Gulf flows remain mostly cut off, while escalation sees extensive infrastructure damage, and risks to Red Sea oil flows also grow, which could see Brent trading over $150/bbl," ING said.Zooming in at home, the Central Bank of the United Arab Emirates issued a revised guidance on anti-money laundering and combating the financing of terrorism and proliferation financing to boost the efficiency of the financial sector.Back home, Aldar Properties (ADX:ALDAR) added 0.12% as it closed a 5 billion-Emirati-dirham sustainability-linked revolving syndicated credit facility to bolster its liquidity position and financial flexibility.Dubai-listed Emirates NBD (DFM:EMIRATESNBD) partnered with Dubai Holding Real Estate to offer integrated mortgage financing services to enhance off-plan home purchases in Dubai. Shares of the lender closed the session 1.50% in the red.

$^DFMGI$^FADGI$ADX:ALDAR$DFM:EMIRATESNBD

Asia Markets23d ago

S&P 500 Hits Record Amid Reports Iran Ceasefire to be Extended to Reach Peace Deal

US equity indexes closed mixed on Wednesday as strong gains in growth sectors pushed the S&P 500 to an all-time high amid speculation that the two-week Iran ceasefire could be extended to find a lasting peace agreement.The Nasdaq Composite advanced 1.6% to 24,016.02. The S&P 500 rose 0.8% to 7,022.95. The Dow Jones Industrial Average, however, slipped 0.2% to 48,463.72.The US and Iran are considering extending their two-week ceasefire to negotiate a peace deal, Bloomberg reported, citing a person familiar with the matter. Mediators are seeking technical talks to overcome the most contentious issues -- the reopening of the Strait of Hormuz and Iran's nuclear program -- preventing an agreement that would extend beyond next week, when an initial truce will expire, the person told Bloomberg.The CBOE Volatility Index, also known as the fear index, fell 1% to 18.17.Trump said the war with Iran was close to over, telling the world to brace for an "amazing two days," as the army chief of mediator Pakistan arrived in Tehran in a bid to prevent a renewed conflict, Reuters reported. Pakistan's military confirmed Field Marshal Asim Munir had arrived in Tehran, the news report said. A senior Iranian source told Reuters that Munir, who had mediated the last round of talks, was heading to Iran "to narrow gaps" between the two sides.West Texas Intermediate crude oil futures fell 0.2% to $91.06, and Brent crude futures were little changed at $94.84. Both the WTI and Brent futures were up as much as 1% earlier in the session.Technology, consumer discretionary, communication services, and financials led gainers in the final leg of trading. Industrials and materials were among the decliners. Except for Amazon.com (AMZN), all the other Magnificent-7 stocks ended higher. Tesla (TSLA) led the pack, with a gain of 7.6%.Tesla has completed the tape-out of its AI5 chip and is advancing development of AI6 and Dojo3, CEO Elon Musk said on X on Wednesday. Tape-out marks the final design stage before a chip is sent to manufacturing.Morgan Stanley (MS) posted stronger-than-expected Q1 results as sharp gains in investment banking and trading activity helped boost revenue to a record.In economic news, the New York Federal Reserve's Empire State manufacturing index rebounded to 11.0 in April from minus 0.2 in March, above the expectations for a 0.0 print in a Bloomberg-compiled survey. The Empire State index is the first manufacturing sector reading for April and suggests a return to expansion.Most US Treasury yields rose, with the 10-year up 2.3 basis points to 4.28% and the two-year higher by one basis point to 3.76%.Meanwhile, the National Association of Home Builders' monthly housing market index fell to 34 in April, its lowest since September 2025, from a revised 38 in March, compared with the 37 forecast in a Bloomberg-compiled poll.In precious metals, gold futures fell 0.7%% to $4,816.1 and silver futures declined 0.3% to $79.32.

$^DJI$^IXIC$^SPX$AMZN$MS$TSLA

Asia Markets23d ago

US Equity Indexes Mixed as Trump Aims to Cool Geopolitical Risk

US equity indexes traded mixed in midday trading on Wednesday as investors weighed President Donald Trump's attempts to downplay the possibility of an extended war in Iran.The Nasdaq Composite advanced 0.8% to 23,836.9, and the S&P 500 rose 0.3% to 6,990.45. The Dow Jones Industrial Average, however, declined 0.4% to 48,346.9. S&P traded within a hair's breadth of its all-time high of 7,002.28.Technology, consumer discretionary, communication services, and financials were the gainers. Industrials and materials led the decliners.Trump said the war with Iran was close to over, telling the world to brace for an "amazing two days," as the army chief of mediator Pakistan arrived in Tehran in a bid to prevent a renewed conflict, Reuters reported. Pakistan's military confirmed Field Marshal Asim Munir had arrived in Tehran, the news report said. A senior Iranian source told Reuters that Munir, who had mediated the last round of talks, was heading to Iran "to narrow gaps" between the two sides.Meanwhile, Iran's military has threatened shipping in the Red Sea if the US continues its blockade of Iranian ports, after US Central Command said the blockade has "completely halted" Tehran's economic sea trade, CNN reported.West Texas Intermediate crude oil futures rose 0.6% to $91.86, and Brent crude futures climbed 0.9% to $95.69, off their respective session highs."The bottom line is that despite the market's rally since last week, the current ceasefire remains fragile," Thierry Wizman, global foreign-exchange and rates strategist at Macquarie Group, said in a note. "It is currently not letting the oil flow anyway. And if agreement is not reached on the nuclear issue, hostilities may restart, including in the Red Sea."Most US Treasury yields rose, with the 10-year up 2.7 basis points to 4.28% and the two-year higher by 1.9 basis points to 3.77% as elevated crude oil futures risked firing up the inflation rate.In precious metals, gold futures fell 0.5%% to $4,826.60 and silver futures declined 0.2% to $79.42.In company news, Morgan Stanley (MS) posted stronger-than-expected Q1 results as sharp gains in investment banking and trading activity helped boost revenue to a record.Tesla (TSLA) has completed the tape-out of its AI5 chip and is advancing development of AI6 and Dojo3, CEO Elon Musk said on X on Wednesday. Tape-out marks the final design stage before a chip is sent to manufacturing. Shares of the electric vehicle manufacturer surged 6.3% intraday, among the top gainers on the S&P 500 and Nasdaq.In economic news, the New York Federal Reserve's Empire State manufacturing index rebounded to 11.0 in April from minus 0.2 in March, above the expectations for a 0.0 print in a Bloomberg-compiled survey. The Empire State index is the first manufacturing sector reading for April and suggests a return to expansion.The National Association of Home Builders' monthly housing market index fell to 34 in April from a revised 38 in March, compared with expectations for 37 in a survey compiled by Bloomberg. The index was below 40 a year ago and is at its lowest since September 2025.

$^DJI$^IXIC$^SPX$MS$TSLA

Asia Markets23d ago

Exchange-Traded Funds, US Equities Mixed After Midday

Broad Market IndicatorsBroad-market exchange-traded fund IWM fell while IVV rose. Actively traded Invesco QQQ Trust (QQQ) added 0.5%.US equity indexes traded mixed after midday Wednesday as President Donald Trump's comments downplaying the possibility of an extended war in Iran kept geopolitical risk contained.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each gained about 0.2%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) was up 0.3%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) each added about 0.5%.The State Street SPDR S&P Semiconductor (XSD) fell 0.4%, and iShares Semiconductor (SOXX) was down 1.7%.FinancialThe State Street Financial Select Sector SPDR (XLF) rose 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) climbed up 2.1%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 2.2%.CommoditiesCrude oil rose 0.5%, and the United States Oil Fund (USO) eased 0.2%. Natural gas fell 0.3%, and the United States Natural Gas Fund (UNG) dipped 0.2%.Gold on Comex lost 0.4%, and the State Street SPDR Gold Shares (GLD) fell 0.9%. Silver shed 0.2%, and iShares Silver Trust (SLV) declined 0.5%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) eased 0.3%. The Vanguard Consumer Staples ETF (VDC) fell 0.3%, and iShares Dow Jones US Consumer Goods (IYK) was 0.6% lower.The State Street Consumer Discretionary Select Sector SPDR (XLY) rose 1.2%. VanEck Retail ETF (RTH) lost 0.4%, while the State Street SPDR S&P Retail (XRT) added 0.6%.Health CareThe State Street Health Care Select Sector SPDR (XLV) fell 0.9%, iShares US Healthcare (IYH) declined 0.7%, and Vanguard Health Care ETF (VHT) was also 0.7% lower. IShares Biotechnology ETF (IBB) fell 0.5%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) lost 1.8%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) also declined.CryptocurrencyIn midday activity, bitcoin (BTC-USD) shed 0.3%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) fell 0.5%, ProShares Ether ETF (EETH) added 1.3%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was down 0.4%.

$^DJI$^EEM$^EXI$^FAS$^FAZ$^GLD$^IBB$^IGM$^IGV$^IPK$^IVV$^IWM$^IXIC$^IYE$^IYH$^IYJ$^IYK$^IYW$^PMR$^QQQ$^RTH$^SOXX$^SPX$^SPY$^UNG$^USO$^VDC$^VHT$^VIS$^XLE$^XLF$^XLI$^XLK$^XLP$^XLV$^XRT$^XSD$BETH$BITO$EETH

Asia Markets23d ago

Swiss Stocks Slips Back into Red; Comet Rises

The Swiss Market Index returned to the negative territory on Wednesday, closing 0.38% lower, amid news of a possible resumption of peace talks between the US and Iran."Markets have grown more confident that the Middle East crisis is moving toward a resolution, with the US and Iran arranging a second round of talks, and Tehran seemingly willing to halt shipments to avoid testing the US naval blockade," analysts at ING said. "Given how unsuccessful the first round of negotiations was last weekend, these dollar levels seem to embed a fair amount of premature optimism."At home, Switzerland's Federal Council launched a consultation on revisions to certain regulations in the energy sector, including the Electricity Supply Ordinance and Nuclear Energy Liability Ordinance. The consultation is set to run until July 15.On the corporate front, Deutsche Bank Research lifted its price target for Comet (COTN.SW) to 370 francs from 300 francs, with a buy rating on the stock, noting the Swiss technology company's robust order intake in the first quarter and "very strong" momentum in its X-ray division. The stock added 1.98% at closing."In our view, this marks the start of the semi upcycle at Comet in PCT, with order strength to continue into Q2 (DBe: +9% qoq) & H2-26 (as indicated at VAT) driven by an inventory restocking cycle at OEMs," the research firm said. "Whilst Comet likely has outsized market share (vs at Western OEMs) with its main US-based peers (AEIS, MKS, etc) remaining restricted - recent MATCH Act noise (which aims to harmonize export controls across allies of the USA) should be monitored closely in this regard as a potential downside risk. We remain very constructive however - with FX headwinds reducing significantly from Q2-26, whilst Comet should also provide positive updates on Synertia & the CA20 in H2-26, where we believe momentum has been building over the past 6 months."Helvetia Baloise (HBAN.SW) also saw its shares rise 0.93% as it reported a year-over-year increase in 2025 insurance revenue, while IFRS net income jumped 14.4% to 574.7 million francs. The Swiss insurance group also set new financial targets for 2028, including a 10% to 12% annual growth in underlying EPS.

$^SSMI$COTN.SW$HBAN.SW

Asia Markets23d ago

European Stocks Track Mostly Lower in Wednesday Trading

The European stock markets were tracking mostly lower in Wednesday trading as the Stoxx Europe dropped 0.4%, the FTSE 100 was down 0.5%, France's CAC declined 0.7%, the Swiss Market Index was off 0.3%, while Germany's DAX gained 0.2%.Seasonally adjusted industrial production increased 0.4% in February in both the euro area and the European Union, according to first estimates from Eurostat, the statistical office of the EU.Analysts surveyed by Bloomberg expected 0.3%.And in corporate news, GSK said Wednesday it has completed its $950 million acquisition of 35Pharma, adding an experimental pulmonary hypertension therapy to its respiratory, immunology and inflammation pipeline.The deal gives GSK full ownership of HS235, a clinical-stage, protein-based treatment targeting the activin receptor signaling pathway, a clinically validated target in pulmonary hypertension.GSK said the candidate is designed with enhanced selectivity and could potentially reduce risks such as bleeding, pericardial effusion and dose-limiting increases in haemoglobin associated with current treatments.Shares of the British pharmaceutical company were down 2.3% in London.Stellantis is considering reviving a partnership with Dongfeng Motor under which the companies would jointly produce cars in Europe and China, Bloomberg News reported Wednesday, citing people familiar with the matter.Through the partnership, Dongfeng could gain access to underused Stellantis factories in Europe, the unnamed sources told the news outlet.Stellantis didn't immediately respond to' request for comment.Shares of the automaker were up 2.1% in Paris.Aegon said Wednesday it has agreed to sell Aegon UK to Standard Life for 2 billion British pounds ($2.71 billion).The proceeds comprise 750 million pounds of cash and a shareholding of 15.3% in Standard Life, according to the company. Aegon said it intends to complete the sale around the end of this year.Shares of the financial services group were moving 0.2% lower in Amsterdam.Equinor's Danske Commodities said Wednesday that it eliminated about 28 positions in March, as the company aims to further its new commercial strategy.As part of its organizational adjustments, some positions have been discontinued, while new positions are being established, according to a statement from Jonas Skovbjerg Hansen, vice president of people & culture, sent to.Shares of the Norwegian petroleum refiner were off 2.3% in Oslo.

Asia Markets23d ago

UK's FTSE 100 Closes Lower; Barratt Redrow, Standard Life Shares Up

London's FTSE 100 closed Wednesday's trading session 0.47% in the red amid a fresh batch of corporate updates and expectations of renewed talks between the US and Iran."Last night, President Trump said talks to end the war could resume within two days; Iranian officials said discussions could continue this week, although a senior Iranian official noted no date has been set yet," Danske Bank said. "It would be a surprise if the talks lead to a permanent ceasefire, with the most likely scenario being an extension of the current ceasefire, if the US and Iranian officials meet again over the weekend or early next week."The UK economic data calendar was empty for the day, with market watchers awaiting the release of the country's February gross domestic product, industrial and manufacturing production, and construction output figures on Thursday.In corporate news, residential developer Barratt Redrow (BTRW.L) was among the blue-chip index's top risers, gaining 3.48% at closing.Barratt Redrow reported a 12.8% annual increase in fiscal third-quarter total forward sales, including joint ventures, to 3.54 billion pounds sterling as of March 29. Total home completions during the period, on the other hand, declined to 3,274 from the year-ago 3,717. For fiscal 2026, the company said it is on track to achieve its total home completion target of between 17,200 and 17,800 homes and adjusted profit before tax in line with consensus forecasts.Meanwhile, British insurance company Standard Life plc (SDLF.L) added 2.13% as it agreed to purchase its Dutch peer Aegon's UK business for a total consideration of 2 billion pounds. Under the deal, Aegon will receive 750 million pounds in cash and a 15.3% stake in Standard Life upon completion, which is expected to take place around the end of 2026."Overall, we think the transaction will accelerate Standard Life's transition to capital light earnings, while creating further scale in the structural growth opportunity of DC pensions and providing an additional foothold in the UK advice market. The valuation is accretive to SDLF, being acquired on a trailing SII UT1 of 0.83x vs SDLF's multiple of 1.63x," analysts at RBC Capital Markets said. "Crucially, the transaction and associated financing incrementally enhances the [Solvency II] ratio (from 174% at FY25) and the leverage (towards the 30% target)."

$^FTSE$BTRW.L$SDLF.L

Asia Markets23d ago

German DAX Rises; Euro Area Industrial Production Ticks Up

Germany's blue-chip DAX index was little changed on Wednesday, ending the session 0.18% in the green, as investors weighed continued conflict in the Middle East against a busy corporate earnings season and fresh euro area industrial output data.According to Eurostat, the eurozone recorded 0.4% monthly increase in industrial production in February, compared with a revised 0.8% dip previously and an expected 0.3% gain. The upbeat reading reflects increased production for intermediate goods, capital goods and non-durable consumer goods. On a yearly basis, the eurozone's industrial production dipped 0.6%, in line with the revised 0.6% decrease earlier and against the expected 1% drop."Eurozone industry has been very resilient throughout 2025 despite significant trade turmoil. But the start of 2026 has not been encouraging. As front-loading by American businesses has eased, production levels have dropped again. And while manufacturers have become more optimistic on infrastructure and defence investment promises, the Middle East war has dashed hopes of a broad-based rebound. Energy-intensive industries, in particular, are set to suffer from higher prices," ING said, noting the February 2026 data leaves production levels below most of the 2025 figures.Zooming in, German business uncertainty hit its highest level since February 2024, as the ifo Institute reported that 78.6% of surveyed companies said it was "difficult or fairly difficult" to forecast future development amid the ongoing Iran war. Ifo said the level of uncertainty was "particularly pronounced" in manufacturing, with 87.7% of companies affected as persistent structural headwinds continue to weigh on the sector.In corporate news, Deutsche Bank Research expects BMW Group (BMW.F) to maintain its outlook in its first-quarter earnings report due May 6, as the "weak start" into 2026 was already priced in by the market."Group volumes in Q1 declined by 3.5% y/y, primarily driven by a double-digit decline in China and a mid-single-digit decrease in the US, while Europe saw a 3% increase. Regarding the model mix, the X3 demonstrated solid momentum, whereas almost all other models reported lower volumes. We understand that the new iX3 is also boosting order intake, which is up by double digits in Europe and extends well into the second half of the year. In terms of profitability, we anticipate headwinds from volumes, FX, raw materials, tariffs, lower R&D capitalization, and depreciation, which will be partially offset by efficiency gains. That said, Auto EBIT margin should come in within the FY range of 4-6% with some support provided by the usual cost seasonality of BMW. For cash generation, we expect working capital build-up to be a headwind, but it should still result in a solid figure," the research firm wrote in an earnings preview note. BMW was down 0.32% at closing.Meanwhile, Evotec (EVT.F) named Ingrid Müller as chief operating officer, effective May 1. Müller joins the German life sciences company from CureVac, a German mRNA-based vaccine developer acquired by its peer BioNTech in 2025. Evotec rose 2.88% on Xetra.

$^DAX$BMW.F$EVT.F

Asia Markets23d ago

European Equities Traded in the US as American Depositary Receipts Trending Lower in Wednesday Trading

European equities traded in the US as American depositary receipts were heading lower late Wednesday morning, declining 0.54% to 1,835.78 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by medical device maker EDAP TMS (EDAP) and biopharmaceutical firm Grifols (GRFS), which advanced 3% and 2.6%, respectively. They were followed by software company SAP (SAP) and biopharmaceutical company argenx (ARGX), which increased 2.5% each.The decliners from continental Europe were led by furniture maker Natuzzi (NTZ) and telecommunications company Nokia (NOK), which dropped 4.2% and 1.6%, respectively. They were followed by telecommunications company Ericsson (ERIC) and petroleum refiner Equinor (EQNR), which lost 1.5% and 1.2%, respectively.The gainers from the UK were led by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and software company Endava (DAVA), which rose 3.2% each. They were followed by biopharmaceutical companies Amarin (AMRN) and NuCana (NCNA), which were up 3% and 2.3% respectively.The decliners from the UK and Ireland were led by biotech firm Trinity Biotech (TRIB) and biopharmaceutical company Mereo BioPharma Group (MREO), which fell 2.9% and 2.6% respectively. They were followed by pharmaceutical company AstraZeneca (AZN) and utilities company National Grid (NGG), which were down 1.3% and 1.2% respectively.

$AMRN$ARGX$AZN$DAVCA$EDAP$EQNR$ERIC$GRFS$MREO$NCNA$NGG$NOK$NTZ$SAP$TRIB$VDRZ

Asia Markets23d ago

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

Asian equities traded in the US as American depositary receipts were tracking higher Wednesday morning, rising 0.59% to 2,820.86 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by consumer lender Eason Technology (DXF) and education company 51Talk Online Education Group (COE), which rose 5.3% and 5% respectively. They were followed by fintech firm Maase (MAAS) and biopharmaceutical company Zai Lab (ZLAB), which advanced 4.3% and 4% respectively.The decliners from North Asia were led by fintech firm AMTD Digital (HKD) and online game developer The9 (NCTY), which fell 2% and 1.5% respectively. They were followed by utilities company Korea Electric Power (KEP) and electric vehicle maker NIO (NIO), which were down 1.1% and 1% respectively.From South Asia, the gainers were led by tech conglomerate Sea (SE) and IT firm Wipro (WIT), which increased 2.9% and 2.7% respectively. They were followed by IT firms Infosys (INFY) and Sify Technologies (SIFY), which were up 1.5% each.The decliners from South Asia were led by pharmaceutical company Dr. Reddy's Laboratories (RDY), which dropped 1.5%, followed by telecommunications operators Telekomunikasi Indonesia (TLK) and PLDT (PHI), which were off 0.1% each.

$COE$DXF$HKD$INFY$KEP$MAAS$NCTY$NIO$PHI$SE$SIFYRDY$TLK$WIT$ZLAB

Asia Markets24d ago

US Equity Futures Flat Pre-Bell as Traders Remain Optimistic About Potential US-Iran Deal

US equity futures were mostly unchanged pre-bell Wednesday as traders continue to be optimistic on the possibility of a US-Iran agreement being finalized soon.Dow Jones Industrial Average futures were up 0.1%, S&P 500 futures were flat, while Nasdaq futures were down 0.1%.Negotiations between the US and Iran could resume as early as this week, with the New York Post quoting President Donald Trump as saying it could happen "over the next two days."Traders digested earnings from Bank of America (BAC) and Morgan Stanley (MS), which posted higher Q1 earnings and revenue. Progressive (PGR) also reported higher Q1 net income and net premiums earned.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.6% at $95.39 per barrel and US West Texas Intermediate crude 0.4% higher at $91.64 per barrel.The April Empire State manufacturing index, released at 8:30 am ET, came in at 11.0, up from negative 0.2 in March and above estimates compiled by Bloomberg for a reading of 0.0.The March import price index, released at 8:30 am ET, showed a 0.8% month-over-month increase, falling short of estimates compiled by Bloomberg for a 2.3% gain. Export prices increased 1.6%, slightly higher than expectations for a 1.5% gain.The April US housing market index, slated for 10 am ET, is seen coming in at 37 versus 38 previously.In other world markets, Japan's Nikkei closed 0.4% higher, Hong Kong's Hang Seng ended 0.3% higher, and China's Shanghai Composite finished flat. Meanwhile, the UK's FTSE 100 was up 0.1%, and Germany's DAX index was also 0.1% higher in Europe's early afternoon session.In equities, Bank of America shares were up 1.6%, while Morgan Stanley stock was 2.8% higher. Snap (SNAP) shares were up 7.6% after the company said it planned to cut around 16% of its global workforce, or roughly 1,000 employees.On the losing side, Terawulf (WULF) shares were down 4.7% after the company said late Tuesday that it priced a public offering of 47.4 million shares at $19 each for gross proceeds of about $900 million. BRP (DOO) stock was 26% lower after the company overnight said it suspended its fiscal 2027 guidance following a recent amendment to US rules for tariffs on steel, aluminum, and copper imports.

$^DJI$^IXIC$^SPX$BAC$DOO$MS$PGR$SNAP$WULF

Asia Markets24d ago

Tadawul Shares End Wednesday Higher; Saudi Arabia's Inflation Ticks Up in March

The Tadawul All Share Index closed Wednesday higher at 0.90% as investors assessed the latest economic releases in Saudi Arabia.According to the General Authority for Statistics, the kingdom's annual inflation rate edged up year over year to 1.8% in March from 1.7% in February."On a monthly basis, the CPI in March 2026 recorded a relative increase of 0.3% compared to February 2026, as the prices of the food and beverage division increased by 0.5% driven by a 0.5% increase in the food group," the statistics agency said in its report. "On the other hand, the prices of the transport division decreased by 0.2% The prices of education, health, and tobacco services remained stable, and there was no significant relative change in March 2026."The country's wholesale prices also increased 3.3% year over year in March after a 3.5% rise in the prior month. Meanwhile, the producer price index grew 1% in February following a 0.4% uptick in January.In other news, the International Monetary Fund released its latest World Economic Outlook, expecting Saudi Arabia's real gross domestic product to increase 3.1%, 1.4 percentage points lower than its previous forecast.On the corporate front, Gas Arabian Services (SASE:4146) closed 0.21% higher as its Gas Arabian Metal Tech Factory unit signed a binding deal to design, engineer, and produce oil and gas systems with the UK's Oil & Gas Systems Ltd.

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Asia Markets24d ago

UAE Stocks in Green as Oil Prices Rise Amid US Blockade of Iranian Ports

Stock trading in the United Arab Emirates ended Wednesday in the green as oil prices jumped amid the US blockade of all maritime traffic entering and exiting ports in Iran.At the close of trading, the FTSE ADX General Index rose 0.532%, while the DFM General Index gained 2.567%."Media reports suggest Iran may refrain from testing the blockade to smooth the path towards renewed talks. Last night, President Trump said talks to end the war could resume within two days; Iranian officials said discussions could continue this week, although a senior Iranian official noted no date has been set yet," Danske Bank said. "It would be a surprise if the talks lead to a permanent ceasefire, with the most likely scenario being an extension of the current ceasefire, if the US and Iranian officials meet again over the weekend or early next week."As of 3:21 pm UAE time, the Brent crude oil futures stood at nearly $96.102 per barrel, up 1.38% from the previous day.Back home, the comprehensive economic partnership agreement between the UAE and Azerbaijan became effective on Wednesday. The deal aims to boost bilateral trade and collaboration across logistics, renewable energy, and advanced manufacturing, as well as expand opportunities for exporters through the reduction or elimination of tariffs.Over to corporates, Aldar Properties (ADX:ALDAR) partnered with Abu Dhabi Department of Education and Knowledge to support small and medium-sized enterprises involved in the delivery of extracurricular activities in Abu Dhabi. The real estate developer closed the session 0.60% higher.Over in Dubai, Aramex (DFM:ARMX) stocks ended 1.75%in the green. The logistics company's board appointed Shadi Malak as its chairman and Benjamin Démogé as vice chairman.

$^DFMGI$^FADGI$ADX:ALDAR$DFM:ARMX

Asia Markets24d ago

US Equity Indexes Jump, Crude Oil Slides as Trump Hints at Iran Peace Talks This Week

US equity indexes advanced on Tuesday as optimism that Iran peace talks may resume this week pushed crude oil futures sharply lower, and after mega-cap banks reported quarterly earnings.The Nasdaq Composite jumped 2% to 23,639.08, the S&P 500 climbed 1.2% to 6,967.38, and the Dow Jones Industrial Average advanced 0.7% to 48,535.99. S&P 500 has reportedly clawed back all of its post-Iran-war declines and, according to CNBC-compiled data, the index is close to its all-time high of about 7,002.3.Consumer discretionary, communication services, and technology led the gainers. Energy was by far the worst performer among a trio of decliners.Talks to end the Iran war could resume in Pakistan over the next two days, US President Donald Trump said on Tuesday, after the collapse of weekend negotiations prompted Washington to impose a blockade on Iranian ports, Reuters reported.Gulf, Pakistani, and Iranian officials said the US and Iran's negotiating teams could return to Pakistan later this week, according to the news report. Still, one senior Iranian source said no date had been set, the report added.The CBOE Volatility Index dropped 4% to 18.36.European countries are putting together a plan for a broad coalition of countries to help free up shipping through the Strait of Hormuz, including sending mine-clearing and other military vessels, The Wall Street Journal reported, adding that the plan would only come to pass after the war.Meanwhile, after the first direct talks in decades, Israel and Lebanon agreed to hold further negotiations "at a mutually agreed time and venue," CNN cited the US State Department as saying.West Texas Intermediate crude oil futures sank 6.8% to $92.32, and Brent crude futures slumped 4.3% to $95.13.In precious metals, gold futures jumped 2% to $4,864.70 and silver futures soared 5.3% to $79.70.In company news, Citigroup (C) and BlackRock (BLK) reported Q1 earnings and revenue growth above market expectations. JPMorgan Chase (JPM) also delivered a better-than-expected quarter.United Airlines (UAL) Chief Executive Scott Kirby proposed a potential combination with American Airlines (AAL) during a late February meeting with President Donald Trump, Reuters reported Monday, citing two unnamed sources familiar with the matter.In economic news, the US Producer Price Index rose by 0.5% in March, the same as in February and below the 1.1% gain expected in a Bloomberg-compiled survey. Energy prices jumped by 8.5% in the month after a 2.1% gain in the previous month due to a 15.7% surge in gasoline prices. Excluding food and energy, core PPI edged up 0.1%, below the 0.4% gain forecast and slower than the 0.3% gain reported in February.Most US Treasury yields fell, with the 10-year down 4.9 basis points to 4.25% and the two-year retreating 3.6 basis points to 3.75%.The International Monetary Fund now expects 2.3% US economic growth in 2026, a downward adjustment from its 2.4% estimate set out in January and compared with the 2.1% growth reported in 2025. The IMF also revised down its 2026 global growth outlook in its World Economic Outlook update released Tuesday.

$^DJI$^IXIC$^SPX$AAL$BLK$C$JPM$UAL

Asia Markets24d ago

US Equity Markets Rise Amid Optimism Around Resumption of US-Iran Peace Talks, Lower Crude Oil Prices

US equity indexes closed higher on Tuesday as optimism over the resumption of US-Iran peace talks sent crude oil prices lower.* Talks to end the Iran war could resume in Pakistan over the next two days, US President Donald Trump said on Tuesday* The US Producer Price Index rose by 0.5% in March, the same as in February and below the 1.1% gain expected in a Bloomberg-compiled survey.* May West Texas Intermediate crude oil fell $7.37 to settle at $91.71 per barrel, while June Brent crude, the global benchmark, was last seen down $4.34 at $95.02.* Oracle (ORCL) shares rose about 4.8% after Bloom Energy (BE) said late Monday it will provide up to 2.8 gigawatts of its fuel cell systems to Oracle (ORCL) under an expanded partnership to support the software giant's artificial intelligence infrastructure buildout. Bloom Energy shares rose roughly 24%. Oracle, on Monday, also introduced AI-focused updates to its utilities software suite, targeting improvements in billing, grid operations, and asset management.* Wells Fargo's (WFC) shares were down nearly 5.7% after the company's Q1 revenue missed market expectations and Chief Executive Charlie Scharf said there will likely be a lag in the pass-through of higher oil prices.

$^DJI$^IXIC$^SPX$BE$ORCL$WFC

Asia Markets24d ago

US Equity Indexes Soar, Crude Oil Sinks Amid Hopes Iran Peace Talks May Resume This Week

US equity indexes traded higher ahead of Tuesday's close as optimism over the resumption of Iran peace talks sent crude oil futures sharply lower, and after mega-cap banks reported quarterly earnings.The Nasdaq Composite jumped 1.7% to 23,578.7, the S&P 500 climbed 1% to 6,952.9, and the Dow Jones Industrial Average advanced 0.5% to 48,456.4.Talks to end the Iran war could resume in Pakistan over the next two days, US President Donald Trump said on Tuesday, after the collapse of weekend negotiations prompted Washington to impose a blockade on Iranian ports, Reuters reported.Gulf, Pakistani, and Iranian officials said the US and Iran's negotiating teams could return to Pakistan later this week, according to the news report. Still, one senior Iranian source said no date had been set, the report added.West Texas Intermediate crude oil futures sank 7.4% to $91.65, and Brent crude futures slumped 4.4% to $94.92.Most US Treasury yields fell, with the 10-year down 2.3 basis points to 4.27% and the two-year retreating 1.5 basis points to 3.78%.In company news, Citigroup (C) and BlackRock (BLK) reported Q1 earnings and revenue growth above market expectations. JPMorgan Chase (JPM) also delivered a better-than-expected quarter.

$^DJI$^IXIC$^SPX$BLK$C$JPM

Asia Markets24d ago

US Equity Indexes Surge as Trump Hints at Iran Peace Talks-Linked Announcement in 2 Days

US equity indexes advanced in midday trading on Tuesday as optimism over the resumption of Iran peace talks sent crude oil futures sharply lower, and after mega-cap banks reported quarterly earnings.The Nasdaq Composite jumped 1.7% to 23,578.7, the S&P 500 climbed 1% to 6,952.9, and the Dow Jones Industrial Average advanced 0.5% to 48,456.4. S&P 500 has reportedly clawed back all of its post-Iran-war declines and, according to CNBC-compiled data, the index is trading close to an all-time high of about 7,002.3.Consumer discretionary, communication services, and technology led the gainers. Energy was by far the worst performer among a trio of decliners.President Donald Trump remains open to resuming in-person negotiations soon if he believes Iran is ready to submit to his demands, CNN reported, citing people familiar with the matter. He said that "something could be happening" over the next two days in Pakistan, where previous talks faltered.In Islamabad on Saturday, American negotiators proposed a 20-year pause on Iran's enrichment of uranium, a source familiar with the talks told CNN. Iran responded with a proposal for a five-year suspension, which the US has rejected, a US official was cited as saying.West Texas Intermediate crude oil futures sank 6.7% to $92.34, and Brent crude futures slumped 4.4% to $94.96.In precious metals, gold futures jumped 1.5% to $4,838.50 and silver futures soared 5.2% to $79.59.The CBOE Volatility Index dropped 3.6% to 18.44.In company news, Citigroup (C) and BlackRock (BLK) reported Q1 earnings and revenue growth above market expectations. JPMorgan Chase (JPM) also delivered a better-than-expected quarter.United Airlines (UAL) Chief Executive Scott Kirby proposed a potential combination with American Airlines (AAL) during a late February meeting with President Donald Trump, Reuters reported Monday, citing two unnamed sources familiar with the matter.In economic news, the US Producer Price Index rose by 0.5% in March, the same as in February and below the 1.1% gain expected in a Bloomberg-compiled survey. Energy prices jumped by 8.5% in the month after a 2.1% gain in the previous month due to a 15.7% surge in gasoline prices. Excluding food and energy, core PPI edged up 0.1%, below the 0.4% gain forecast and slower than the 0.3% gain reported in February.Most US Treasury yields fell, with the 10-year down 2.3 basis points to 4.27% and the two-year retreating 1.5 basis points to 3.78%.The International Monetary Fund now expects 2.3% US economic growth in 2026, a downward adjustment from its 2.4% estimate set out in January and compared with the 2.1% growth reported in 2025. The IMF also revised down its 2026 global growth outlook in its World Economic Outlook update released Tuesday.

$^DJI$^IXIC$^SPX$AAL$BLK$C$JPM$UAL

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Asia Markets24d ago

US Equity Indexes Jump, Crude Oil Slides as Trump Hints at Iran Peace Talks This Week

$^DJI$^IXIC$^SPX$AAL$BLK$C$JPM$UAL