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22 May 2023
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🇺🇸US pre-market movers🇺🇸 ES 0.2% NQ flat RTY 0.2% SpaceX will begin trading today; $SATS 5.5% $RKLB 3.2% $ASTS 0.5% $ALAB 3.2% $CRWV 4% $NBIS 4.2% $RKLB 3% $TER 0.7%: To be added to the Nasdaq 100, effective BMO on 22nd June $ADBE -8.5%: CFO leaving for MRVL, reinforcing software-sector AI disruption concerns; overshadows record results, AI-driven demand & raised outlook $LEN -1.2%: Rev. missed $NVDA 0.2%: Informed Chinese clients “Vera” CPU could be available in August w/ orders being accepted $AMD 1.5%: Upgraded at Citi
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Asia-Pac stocks begin with firm gains following on from the rally stateside after US President Trump cancelled planned strikes on Iran and touted a US-Iran deal: ASX 200 ( 1.5%), Nikkei 225 ( 2.3%), KOSPI ( 6.8%)
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🇺🇸US pre-market movers🇺🇸 ES 0.2% NQ 0.5% RTY 0.5% Mag-7: $TSLA 0.7% $NVDA 0.6% $AMZN 0.4% $AAPL 0.2% $META -0.2% $GOOGL -0.2% $MSFT -0.3% $ORCL -9%: Higher-than-exp. FY27 capex plans & is toraise more money to finance AI buildout outweighed strong Q metrics $BABA -4.5% $JD -1.5% $PDD -1.3%: Beijing’s market regulator summoned them, ByteDance & Xiaohongshu over alleged misleading “618” sales promotions $CAT 2.2%: Raised Q div. 8% to $1.63/shr $INTC 5.5%: Double upgraded to ‘Buy’ from ‘Underperform’ at BofA $DAN -5.5% $ETN 3.3%: Dana to combine with Eaton's Mobility business headlines
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European Movers: Winners: Hugo Boss (BOSS GY) 6.9% Wizz Air (WIZZ LN) 2.9% Porsche (P911 GY) 2.1% BASF (BAS GY) 0.8% Losers: Halma (HLMA LN) -10.7% SAP (SAP GY) -2.7%
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Good morning!🙂 - US CENTCOM launched fresh strikes on multiple targets in Iran, which have since been “completed”. In retaliation, Iran struck 18 US military targets in two waves, and multiple explosions were reported at US bases in Kuwait and Bahrain. - Speaking on Wednesday (US time), US President Trump stated that Iran must choose between war or a new deal and warned, “we'll bomb them to rubble tomorrow night” if there is no deal. - Iran said the Strait of Hormuz was declared closed to the passage of any type of vessel, including all tankers and commercial vessels. However, the US rejected this claim, adding that transit was continuing through the Strait. - Crude benchmarks gained on the US strikes, but have since most of the overnight advances given Trump had warned to hit Iran in advance, and after CENTCOM said the latest strikes had been completed. Brent Aug’26 0.6%. - APAC stocks extended lower; European equity futures are indicative of a weak open. - DXY is slightly lower heading into US PPI, whilst G10s post mild gains. - Looking ahead, highlights include Swedish CPIF Final (May), US PPI (May), Jobless Claims (May/30), ECB Policy Announcement (Jun), CBRT Policy Announcement (Jun), OPEC MOMR (Jun), Comments from ECB President Lagarde, Supply from UK, Italy & US, Earnings from Adobe.
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Asia-Pac stocks begin lower following a continuation of the recent tech reversal and with the US conducting fresh strikes on Iran: ASX 200 (-1.1%), Nikkei 225 (-1.8%), KOSPI (-4.0%)
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🇺🇸US CPI (May) Headline: M/M: 0.5% (exp. 0.5%, prev. 0.6%) Y/Y: 4.2% (exp. 4.2%, prev. 3.8%) Core: M/M: 0.2% (exp. 0.3%, prev. 0.4%) Y/Y: 2.9% (exp. 2.9%, prev. 2.8%)
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🇺🇸US pre-market movers🇺🇸 ES -0.9% NQ -1.4% RTY -0.8% Mag-7: $NVDA -2.5% $TSLA -1.5% $MSFT -1.3% $GOOGL -1.1% $AMZN -0.8% $META -0.8% $AAPL -0.3% $SMCI -12%: Launches $7bln equity raise $CBRL 11%: Raised FY rev. & adj. EBITDA outlook $ODFL -5.5%: Amazon expanded its LTL freight offering to all destinations in the US $NKE -1.5%: Downgraded at RBC $ILMN 2.7%: Upgraded at JPMorgan Semiconductor ETF $SOXX -3.5% In Asia, and amid a broader decline in tech names, Japan’s Softbank, South Korea’s SK Hynix & Samsung Electronics & Taiwan’s TSMCall saw steep losses
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European Movers: Winners: Kongsberg Gruppen (KOG NO) 3.2% STMicroelectronics (STMPA FP) 2.7% Adidas (ADS GY) 1.7% Losers: WH Smith (SMWH LN) -14.6% Pennon (PNN LN) -1.6% Sanofi (SAN FP) -1.1%
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Good morning all! 🙂 - US launched fresh strikes on Iran in response to Monday’s downing of an Apache helicopter; the mission was a “proportional response” to Iranian aggression, while President Trump called it “very strong and powerful”. - Iran responded with attacks on US bases in Bahrain, Kuwait and Jordan; Brent Aug’26 0.1%. - A White House senior official said nothing has changed in their position regarding an agreement with Iran, and it is still close despite the strikes. - US and Iran had reportedly narrowed negotiations to four core nuclear issues in the days before the latest flare-ups, NYT reported. - APAC stocks were mostly lower amidst geopolitical strikes and mixed Chinese CPI; European equity futures are indicative of a slightly weaker open. - DXY is incrementally lower into US CPI, G10s are mixed against the USD, with the Aussie slightly underperforming. - Looking ahead, highlights include Norwegian CPI (May), Swedish GDP (Apr), US CPI (May), BoC Policy Announcement (Jun), Speakers including BoC’s Macklem, Supply from Germany & US, Earnings from Oracle.
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Asia-Pac stocks are mostly lower following the tech weakness on Wall St, and with the US conducting strikes on Iran in response to the downing of an Apache helicopter: ASX 200 (Flat), Nikkei 225 (-0.8%), KOSPI (-1.7%)
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🇺🇸US pre-market movers🇺🇸 ES 0.4% NQ 0.8% RTY 0.9% $FDX 0.2%: Raised annualised div. rate 5% to $4.88/shr, following one-time adjustment related to the spin-off of FedEx Freight $NUVL 39%: $GSK agreed to acquire Co. for $10.6bln (or $124/shr in cash); closed Mon. at $88.49/shr $SJM 4.2%: EPS & rev. topped w/ FY profit view better than exp. $APLD 11.5%: Signed 15-yr lease with US-based hyperscaler at its Delta Forge 2 site & exp. to generate $5.2bln in rev. $AZN 0.5%: Oral GLP-1 receptor agonist elecoglipron achieved average body weight reduction of 10.5% at 26 weeks $AMAT 2%: Raises Q div. ~15% to $0.53/shr $SAIL -13.5%: Issued disappointing FY guidance $MTN -4%: Profit light $RDDT 5.2%: Positive comments from Piper Sandler
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European Movers: Winners: SoftwareOne (SWON SW) 5.3% Givaudan (GIVN SW) 2.8% UBS (UBSG SW) 0.7% Losers: AstraZeneca (AZN LN) -1.3% GSK (GSK LN) -1.3% Nestle (NESN SW) -0.3%
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Good morning! 😀 - US President Trump said they are negotiating regarding Iran and a victory will happen very soon; he stated they will declare total victory in two weeks; Brent Aug’26 -1.1% - Trump was said to have warned Israeli PM Netanyahu that if he turns escalation into war, he will be left alone against Iran. He also told the Israeli PM that if he does not get an Iran deal within a few days, he would lead the strikes on Iran. - A top Iranian official casted doubt on a deal being imminently reached between the US and Iran, telling CNN that major roadblocks persist on issues like Iran’s nuclear program and uranium enrichment. - Pentagon accused several Chinese tech-giants (Alibaba, Baidu, BYD, Tencent) of aiding the Chinese military. - APAC stocks traded mixed; European equity futures are indicative of a slightly weaker open. - DXY is incrementally lower with G10s broadly firmer, and the Kiwi outperforms. - Looking ahead, highlights include German Balance of Trade, Exports, Imports (Apr), Mexican Inflation (May), US ADP Weekly Change, Exports/Imports, Atlanta Fed GDP, Existing Home Sales (May), Wholesale Inventories (Apr), Canadian Exports/Imports (Apr), EIA STEO (Jun), Comments from ECB President Lagarde, Supply from Netherlands, Germany & US.
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ASIA-PAC MARKET UPDATES #NewsquawkAnalysis For more details and/or questions about a specific asset, please contact the desk via the Newsquawk analyst chat 👇 Live 24hr global squawk of market trading news with audio
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Asia-Pac stocks mostly rebound from yesterday's losses, with sentiment helped by Israel and Iran halting their strikes, although Australian stocks are pressured as they play catch-down on return from a long weekend: ASX 200 (-1.3%), Nikkei ( 0.9%), KOSPI ( 3.6%)
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🇺🇸US pre-market movers🇺🇸 ES 0.8% NQ 1.4% RTY 1.4% $AAPL 0.3%: Ahead of WWDC $MRVL 7.3% $FLEX 2.8%: To join the SPX BMO on 22nd June, replacing $CPB -0.7% & $POOL -1.3% $NVDA 1.8% & SK Hynix announced a multiyear tech partnership covering next-gen memory for Nvidia AI servers, PCs & robotics $AMD 2%: Plans to invest up to $2bln in the UK over a 5yr period for AI innovation & research $NRIX 13.5%: Collabing w/ Roche to develop & commercialise bexobrutideg
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Good morning! - Israel conducted airstrikes in Beirut, which led to retaliatory attacks by Iran against Israel. The Iranians warned that if Israel expands its Lebanon operations, it will deliver “devastating blows”; Brent Aug’26 4.1%. - US President Trump said he was supposed to announce that a deal with Iran would be signed this week, and now this (in reference to the above airstrikes) is happening. - US President Trump said Israeli PM Netanyahu will have no choice but to accept whatever deal the US negotiates with Iran because he calls the shots. - APAC stocks were negative, amidst the geopolitical escalation and after Friday’s tech-led losses. European bourses are indicative of a weak open. - DXY is a touch lower, whilst Antipodeans are incrementally firmer. USD/JPY hovers above 160.00. - Looking ahead, highlights include German Factory Orders (Apr), US NY Fed SCE (Jun), Apple WWDC Keynote (June 8-12).
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Asia-Pac stocks begin negative following the recent geopolitical escalation in the Middle East and last Friday's tech losses on Wall St, while money markets price in a Fed rate hike this year following strong jobs data: Nikkei 225 (-3.9%), KOSPI (-8.4%), ASX 200 (CLOSED)
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