(Bloomberg) — European equity futures rose alongside Asian shares after the House passed a deal to avert a US default, Federal Reserve officials hinted at a rate pause and China manufacturing expanded.
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Contracts for the region-wide Euro Stoxx 50 rose around 0.7% and US equity futures edged higher in signs of positive sentiment that lifted most major markets in Asia on Thursday. Gains for benchmarks in Japan, Australia and China placed a gauge of Asian shares on course for its best day in four weeks.
The advance in Chinese shares followed Caixin manufacturing data for May that showed an expansion in activity as the reading exceeded forecasts for a small contraction. The numbers followed official figures Wednesday that showed a further contraction in activity, weighing on the country’s equity markets.
For the Chinese economy “things are not getting worse outside of the growth momentum — but it’s not getting better,” Wendy Liu, chief Asia and China equity strategist for JPMorgan Chase & Co., said in an interview with Bloomberg Television. However, the economy will be “firmly in recovery in the second half,” she added.
The slight gain in S&P 500 futures came after a 0.6% loss for the benchmark on Wednesday that left the index clinging to a small gain for May, its third monthly advance. The Nasdaq 100 index fell 0.7%, weighed by a decline in Nvidia Corp. shares after a rapid rally that has nearly tripled the stock price this year.
The signs of optimism were helped along by comments from Fed officials who backed the possibility of holding rates unchanged the next meeting.
Fed Governor Philip Jefferson said the central bank is inclined to keep interest rates steady in June to assess the economic outlook. His remarks were echoed by Philadelphia Fed President Patrick Harker, who said, “I think we can take a bit of a skip for a meeting.”
The moves in European equity futures preceded a busy day of data releases that includes Eurozone manufacturing and inflation figures. European Central Bank president Christine Lagarde will also speak at a conference Thursday.
Corporate earnings were again in focus. Shares in Salesforce Inc. tumbled around 6% in after-hours trading following a dim outlook for sales while Hewlett Packard Enterprise Co. fell 7.1% Wednesday on slimmer revenue projections than anticipated.
Treasuries sold off, largely reversing a Wednesday rally. Australian bond yields were moderately higher as were those for New Zealand. The dollar was in a tight range against most major currencies.
Hopes for a Fed pause were partly pared back after the JOLTS jobs report for April showed more than 10 million openings, the highest in three months and above consensus estimates.
Passage of the deal struck by House Speaker Kevin McCarthy and President Joe Biden means the bill will be sent to the Senate days before the June 5 default deadline.
Elsewhere, West Texas Intermediate and Brent crude futures rose after two days of declines. Gold was little changed.
Evenimente cheie în această săptămână:
Zona euro HCOB Zona euro PMI de producție, IPC, șomaj, joi
US construction spending, initial jobless claims, ISM Manufacturing, Thursday
ECB President Christine Lagarde speaks at conference, Thursday
Fed’s Patrick Harker speaks at webinar, Thursday
Șomajul în SUA, salariile non-agricole, vineri
Unele dintre principalele mișcări de pe piețe:
Stocuri
Contractele futures S&P 500 au crescut cu 0.1% începând cu ora 2:46, ora Tokyo. S&P 500 a scăzut cu 0.6%
Contractele futures Nasdaq 100 au fost puțin modificate. Nasdaq 100 a scăzut cu 0.7%
Topix din Japonia a crescut cu 0.9%
S&P/ASX 200 din Australia a crescut cu 0.3%
Hang Seng din Hong Kong a crescut cu 0.7%
Shanghai Composite a crescut cu 0.2%
Contractele futures Euro Stoxx 50 au crescut cu 0.8%
Valute
Indicele Bloomberg Dollar Spot a fost puțin schimbat
Euro a scăzut cu 0.1%, până la 1.0678 dolari
Yenul japonez a scăzut cu 0.2%, până la 139.68 pe dolar
Yuanul offshore a fost puțin modificat, la 7.1182 pe dolar
Cryptocurrencies
Bitcoin a scăzut cu 1%, până la 26,856.76 USD
Ether a scăzut cu 0.5% la 1,857.11 USD
Obligațiuni
Randamentul titlurilor de trezorerie pe 10 ani a crescut cu trei puncte de bază la 3.67%
Randamentul Japoniei pe 10 ani a scăzut cu 1.5 puncte de bază, până la 0.415%
Randamentul pe 10 ani al Australiei a crescut cu trei puncte de bază la 3.63%
Mărfuri
Această poveste a fost realizată cu ajutorul Bloomberg Automation.
– Cu asistența lui Joanna Ossinger.
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Source: https://finance.yahoo.com/news/asia-echo-wall-street-drop-232840097.html