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US Equity Futures Mixed Pre-Bell as Investors Await Producer Prices Amid Trump's China Trip, Iran Talk Stalemate

ASX Midday Sector Update: Materials Stocks Jump, Financial Sector Struggles

Materials stocks advanced nearly 3% at midday Wednesday.BHP Group (ASX:BHP) gained almost 4% in recent trade.Meanwhile, the financial sector struggled, shedding nearly 4%.Commonwealth Bank of Australia (ASX:CBA), whose shares fell almost 10% in recent trade, reported a cash net profit after tax of around AU$2.7 billion for the fiscal third quarter, up 4% from a year earlier.

ASX 200ASX:BHPASX:CBA

Japan132d ago

South Korean Shares Open Lower on Wall Street Losses, Faster US Inflation

South Korean shares opened lower on Wednesday, tracking losses on Wall Street, amid a sell-off in chip shares, the fastest U.S. inflation since May 2023, and uncertainties in the Middle East war.The benchmark Korea Composite Stock Price Index, or Kospi, fell by 129.5 points to open at 7,513.65. The Kosdaq declined by 2.85 points to open at 1,176.43.Mohammad Bagher Ghalibaf, the speaker of Iran's parliament, said Monday that the country's military was ready to "teach a lesson" to any aggressor, after US President Trump rejected Iran's response to the recent peace proposal and said the ceasefire was "on life support."Trump dismissed Tehran's response as extremely weak, adding that he did not fully read the proposal, called it "garbage," and questioned whether the truce could hold.Amid uncertainties, the Korean won also weakened against the greenback, opening at 1,493.8 won per dollar, down 3.9 won from Tuesday's close.In addition, a 3.8% increase in annual US inflation in April impacted sentiment. The higher-than-expected inflation was a result of a jump in the prices of gasoline and groceries last month. The Bureau of Labor Statistics said nearly half of the jump was driven by rising energy costs, with housing and food prices also contributing to the uptick.Overnight losses in US stocks also led to an erosion in the appetite for South Korean stocks. The Nasdaq Composite led declines, declining about 0.7%, while the S&P 500 slipped over 0.1%. On the other hand, the Dow Jones Industrial Average edged up 0.1%, supported by its lower exposure to technology stocks.

^KOSDAQKOSPI

Japan132d ago

US Equity Indexes Mixed as Hot Inflation Print Undermines Big Tech, Iran Peace Talks Remain Deadlocked

US equity indexes traded mixed ahead of Tuesday's close as a hotter-than-expected inflation print amid soaring gas prices hit growth sectors, while the Iran stalemate continued.The Nasdaq fell 0.9% to 26,034.2, and the S&P 500 down 0.2% to 7,396.5. Both gauges were off session lows. The Dow Jones Industrial Average rose 0.2% to 49,806.3, clawing back all declines from earlier in the day.Technology and consumer discretionary sectors led decliners. Shares of Qualcomm (QCOM) and Intel (INTC) plunged 12% and 7.3%, respectively, the steepest slides on the S&P 500 and the Nasdaq.The US seasonally adjusted consumer price index jumped by 3.8% in April from 3.3% in the prior month, according to data released Tuesday by the Bureau of Labor Statistics, compared with the 3.7% consensus. Core CPI, which excludes food and energy prices, climbed by 2.8% from 2.6%, versus expectations for 2.7%.The CPI increased 0.6% in April, as expected, following a 0.9% increase in the previous month. Core CPI gained 0.4%, higher than the consensus estimate for a 0.3% increase. Core CPI rose by 0.2% in March.US Treasury yields jumped, with the 10-year up 5.1 basis points to 4.46%, the highest since about July. The two-year rate advanced 4.7 basis points to almost 4%, the strongest since June.West Texas Intermediate crude oil futures surged 4.5% to $102.50, and Brent crude futures increased 3.6% to $107.93 as a faltering ceasefire between the US and Iran kept the Strait of Hormuz closed, continuing the largest-ever energy supply shock.

Dow JonesNasdaq CompositeS&P 500$INTC$QCOM

Japan132d ago

US Equity Indexes Fall, Treasury Yields Jump Amid Hot Inflation Print

US equity indexes fell in Tuesday's midday trading as a hotter-than-expected inflation print for April hit technology and consumer discretionary shares.The Nasdaq dropped 1.2% to 25,939.2, with the S&P 500 down 0.8% to 7,356.5 and the Dow Jones Industrial Average lower by 0.5% to 49,435.8. Technology and consumer discretionary sectors led the decliners.The US seasonally adjusted consumer price index jumped by 3.8% in April from 3.3% in the prior month, according to data released Tuesday by the Bureau of Labor Statistics, compared with the 3.7% consensus. Core CPI, which excludes food and energy prices, climbed by 2.8% from 2.6%, versus expectations for 2.7%.The CPI increased 0.6% in April, as expected, following a 0.9% increase in the previous month. Core CPI gained 0.4%, higher than the consensus estimate for a 0.3% increase. Core CPI rose by 0.2% in March.US Treasury yields jumped, with the 10-year up 4.1 basis points to 4.45%, the highest since about July. The two-year rate jumped 4.9 basis points to almost 4%, the strongest since June.Meanwhile, oil prices rose as a faltering ceasefire between the US and Iran kept the Strait of Hormuz closed, continuing the largest-ever energy supply shock.West Texas Intermediate crude oil futures jumped 3.6% to $101.58, and Brent crude futures increased 3.4% to $107.63.

Dow JonesNasdaq CompositeS&P 500

Japan132d ago

US Equity Futures Lower Pre-Bell as Trump Says Middle East Ceasefire on 'Life Support'

US equity futures were lower pre-bell Tuesday as the standoff continued in the Middle East, with the ceasefire between the US and Iran on shakier ground after President Donald Trump said it was "on life support."Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were down 0.4%, and Nasdaq futures were 0.9% lower.Trump told reporters in the White House that the month-old truce is "unbelievably weak." He had rejected Iran's response to the US peace proposal. Iran's most recent counteroffer had included a demand for war reparations, an end to sanctions, full sovereignty over the Strait of Hormuz, and the release of frozen Iranian assets.Traders monitored the latest round of earnings, with Sea (SE) and Venture Global (VG) posting higher Q1 earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 3.2% at $107.57 per barrel and US West Texas Intermediate crude 3.4% higher at $101.37 per barrel.The April consumer price index, scheduled for release at 8:30 am ET, is seen coming in at 0.6%, compared with 0.9% in the prior month, according to estimates compiled by Bloomberg.Federal Reserve Chicago President Austan Goolsbee is slated to speak Tuesday.

Dow JonesNasdaq CompositeS&P 500$SE$VG

Japan133d ago

Nasdaq Comp Futures Sink Pre-Bell as Big-Tech Set to Open Lower Ahead of Inflation; Iran Stalemate Continues

Japan133d ago

Gold Futures Slip 0.5% to $4,705.3/Oz, Silver Futures Drop 1.6% to $84.55/Oz Early Tuesday

Japan133d ago

Gold, Silver Futures Drop Early Tuesday as Crude Oil Gains Amid Iran Deadlock Raise Inflation Concerns

Japan133d ago

CBOE Volatility Index Rises 3.2% Pre-Bell as US-Iran Deadlock Continues Ahead of Trump's China Visit

Japan133d ago

WTI Crude Oil Futures Jump 3.2% to $101.22, Brent Futures Rise 2.8% to $107.08 Early Tuesday

Japan133d ago

WTI, Brent Crude Futures Jump Pre-Bell as US, Iran Remain Far Apart Ahead of Trump's China Visit

Japan133d ago

US Equity Futures Decline Pre-Bell as Investors Brace for Inflation Print While Iran Stalemate Continues

Japan133d ago

US Equity Markets End Higher Despite Renewed US-Iran Tensions

US equity indexes ended higher on Monday even as President Donald Trump rejected Iran's response to a US proposal to restart peace talks, sending oil prices higher.* The US and Iran remained far apart on a framework to end their war and reopen the Strait of Hormuz, with Trump calling Tehran's reply to his proposed peace plan "a piece of garbage," Bloomberg reported.* US existing home sales rose 0.2% to a 4.02 million annual rate in April from 4.01 million in March, below the 4.05 million expected in a Bloomberg survey.* June West Texas Intermediate crude oil rose $2.74 to settle at $98.16 per barrel, while July Brent crude, the global benchmark, was last seen up $2.94 at $104.23.* Lumentum Holdings (LITE) shares rose 17%, the top gainer on the S&P 500. The stock will be added to the Nasdaq 100 effective May 18.* Trade Desk (TTD) shares fell 6.8%, the third-biggest decline on the S&P, after HSBC downgraded the stock to reduce from hold and cut its price target to $20 from $31.

Dow JonesNasdaq CompositeS&P 500$LITE$TTD

Japan133d ago

US Equity Indexes Mixed, Crude Oil Rises as Iran Peace Plan Stalls

US equity indexes traded mixed ahead of Monday's close, while crude oil futures rose with Treasury yields, after President Donald Trump rejected Iran's response to its proposal to restart the peace process.The S&P 500 climbed 0.1% to 7,407.1, and the Dow Jones Industrial Average was slightly higher at less than 0.1% to 49,651.2. The Nasdaq Composite was little changed at 26,302.1, giving up almost all of its intraday gains.Trump said the US-Iran ceasefire is on "massive life support," after he rejected Tehran's response to his peace proposal as unserious, according to a report from The Wall Street Journal. Iran, in its response, demanded a lifting of the US naval blockade and sanctions relief, while maintaining a degree of control over traffic through Hormuz, a person familiar with the matter told Bloomberg.Trump is meeting with his national security team on Monday to discuss the way forward in the Iran war, including possibly resuming military action, three US officials told Axios. Iran's Foreign Ministry said earlier that its proposal, which state media reported included recognition of its sovereignty over the Strait of Hormuz, was "reasonable" and "generous."West Texas Intermediate crude oil futures rose 3.4% to $98.69, and Brent crude futures increased 3.3% to $104.66.US Treasury yields rose, with the 10-year up 4.6 basis points to 4.41% and the two-year rate higher by 5.8 basis points to 3.95%.

Dow JonesNasdaq CompositeS&P 500

Japan133d ago

US Equity Indexes Mixed, Crude Oil Rises as Iran Peace Process Stalls

US equity indexes traded mixed midday Monday, while crude oil futures rose, after President Donald Trump rejected Iran's response to his proposal to restart the peace process.The Nasdaq rose 0.3% to 26,320.6 after touching a record 26,339.78 intraday. The S&P 500 climbed 0.3% to 7,421.2 after hitting an all-time high of 7,423.59 earlier in the session. The Dow Jones Industrial Average was steady at 49,655.5.Energy was the standout gainer, followed by materials and technology. Communication services and consumer discretionary led the decliners.Tech heavyweights Qualcomm (QCOM), Micro Technology (MU), and Nvidia (NVDA) were among the top 10 gainers intraday in a category of stocks with a market capitalization of more than $200 billion, according to data compiled by Finviz.The US and Iran remained far apart on a framework to end their war and reopen the Strait of Hormuz, with Trump calling the Islamic Republic's reply to his proposed peace plan unworkable, Bloomberg reported. Tehran demanded a lifting of the US naval blockade and sanctions relief, while maintaining a degree of control over traffic through Hormuz, a person familiar with the matter told Bloomberg.West Texas Intermediate crude oil futures rose 2.3% to $97.62, and Brent crude futures increased 2.6% to $103.87.

Dow JonesNasdaq CompositeS&P 500$MU$NVDA$QCOM

Japan133d ago

US Equity Futures Largely Flat Pre-Bell as Trump Rejects Iran's Response to Peace Proposal, Oil Prices Rise

US equity futures were largely flat pre-bell Monday as President Donald Trump rejected Iran's response to the US peace proposal, sending oil prices higher amid concerns that the closure of the Strait of Hormuz would be prolonged.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were flat, and Nasdaq futures were 0.1% higher.Trump said in a post on Truth Social that he found Iran's response "totally unacceptable." Iran's response had included a demand for war reparations, an end to sanctions, full sovereignty over the Strait of Hormuz, and the release of frozen Iranian assets, the country's state media had said.Energy firm Constellation Energy (CEG) was one of the first companies to kick off earnings this week, posting higher Q1 adjusted earnings and revenue. Among the companies reporting financial results this week are Petrobras (PBR), Cisco Systems (CSCO), Alibaba Group (BABA), Applied Materials (AMAT), and Brookfield (BN).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.5% at $103.82 per barrel and US West Texas Intermediate crude 2.5% higher at $97.77 per barrel.Existing home sales report, scheduled for release at 10 am ET, is expected to show an increase of 2% for April after a decline of 3.6% in the prior month, according to estimates compiled by Bloomberg.

Dow JonesNasdaq CompositeS&P 500$AMAT$BABA$BN$CEG$CSCO$PBR

Japan134d ago

S&P Futures Flat To Slightly Lower

S&P/TSX CompositeS&P/TSX Composite

Japan134d ago

NZX Most Active Stocks

Here are the most actively traded stocks on New Zealand's Exchange on Monday.Vital Healthcare (NZE:VHP): 2.1 million sharesPrecinct Properties NZ & Precinct Properties Investments (NZE:PCT): 2 million sharesSpark New Zealand (NZE:SPK): 1.2 million sharesInfratil (NZE:IFT): 587,218 sharesAir New Zealand (NZE:AIR): 463,071 shares

^NZ50ASX:IFTNZE:AIRNZE:PCTNZE:SPKNZE:VHP

Japan136d ago

US Equity Markets End Higher Led by Technology Sector, Nonfarm Payrolls Data

US equity indexes ended higher on Friday, with the technology sector posting big gains and positive employment data amid reports that the US struck Iranian tankers while awaiting a response to its peace proposal.* The US expects a response from Iran on a proposal to end the war on Friday, Secretary of State Marco Rubio said, adding he hopes "it's a serious offer," CNN reported.* Nonfarm payrolls rose by 115,000 last month, the Bureau of Labor Statistics said Friday, beating the 65,000 gain expected in a Bloomberg-compiled survey.* US consumer sentiment continued to fall in May, with the main sentiment index dropping to an all-time low of 48.2 from April's 49.8, according to the University of Michigan's preliminary survey on Friday.* June West Texas Intermediate crude oil rose $0.05 to settle at $94.86 per barrel, while July Brent crude, the global benchmark, was last seen up $0.48 at $100.60.* Akamai Technologies (AKAM) shares were up roughly 27%, the biggest gainer on the S&P 500, after the company reported Q1 non-GAAP net income above market expectations and higher revenue. Anthropic also signed a $1.8 billion computing deal with Akamai to help meet surging demand for its artificial intelligence systems, Bloomberg reported Friday.* Mettler-Toledo International's (MTD) shares were down nearly 15%, the steepest decline on the S&P 500, after Citigroup adjusted its price target to $1,550 from $1,700 a share, and Evercore ISI lowered its price objective for the company to $1,300 from $1,425 a share, with both cuts following Mettler-Toledo's Q1 results overnight.

Dow JonesNasdaq CompositeS&P 500$AKAM$MTD

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