The Nikkei is also benefitting from the sharply weaker yen overnight, with USD/JPY leaping to highs circa 149.25. It a little lower today but is still assisting Japanese stocks.
Hong Kong's Hang Seng strong also. Mainland Chinese stocks not so much.
The Nikkei is also benefitting from the sharply weaker yen overnight, with USD/JPY leaping to highs circa 149.25. It a little lower today but is still assisting Japanese stocks.
Hong Kong's Hang Seng strong also. Mainland Chinese stocks not so much.
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Health insurers' Q4 revenues beat by 0.8%, but stocks are down 9.1%. OSCR up 5% on guidance, CLOV down 8.6% despite growth.
Airlines absorb soaring fuel costs ($3.93/gal) on record bookings; fares likely to rise.
Health insurers face margin risks from costs & regulation. PGNY, CLOV, MOH, CNC, ELV down post-earnings despite revenue beats.
Japan posted a ¥57.3bn trade surplus in February (exp. -¥483.2bn) as exports rose 4.2% y/y (exp. 1.6%). Imports grew 10.2%. Weak China (-10.9%) and US (-8%) demand offset strong EU gains, highlighting uneven global demand.
GLDD up 48.6% despite revenue miss; FIX up 2.9% on strong earnings beat; MTRX down 23.4% on misses.
Australia’s Westpac Leading Index held at +0.08% in February (vs +0.08% prior), down from +0.13% in September. Momentum remains slightly above trend but is set to slow as rate hikes and global risks weigh on growth outlook.
Toy stocks tumble 10% post-earnings. BARK misses revenue, MAT down 25%, HAS down 4%, FNKO down 12%.
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