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Nasdaq 100 Outlook and Netflix Earnings Miss May Cast a Shadow on Hang Seng and ASX 200


Nasdaq 100 Outlook and Netflix Earnings Miss May Cast a Shadow on Hang Seng and ASX 200
NASDAQ 100, HANG SENG, ASX 200 INDEX OUTLOOK:
Profit-taking appeared to have ramped up ahead of the peak earnings season; Netflix missed both Q1 user growth and forward guidance
Futures in Australia and Hong Kong are positioned for losses following a sour lead
Netflix Earnings, Pandemic, Treasuries, Asia-Pacific at Open:
The Nasdaq 100 index futures extended lower during the APAC morning hours as Netflix delivered a much lower-than-expected subscriber growth in the first quarter. The company added 3.98 million subscribers in the first quarter, compared to a 6.29 million forecast. This also marked a sharp decline from 15.77 million new users seen in Q1 2020. Looking ahead, the company is forecasting only 1 million new users in the second quarter, a stark miss from the 4.4 million expected. Netflix’s share price tumbled 10% in afterhours trade, setting a negative tone for t ....

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Nasdaq 100 Retreats as Coinbase Falls, May Cast a Shadow on Hang Seng and ASX 200


Nasdaq 100 Retreats as Coinbase Falls, May Cast a Shadow on Hang Seng and ASX 200
NASDAQ 100, HANG SENG, ASX 200 INDEX OUTLOOK:
Coinbase swung sharply lower after debut, pulling Bitcoin and technology shares broadly lower
Futures in Australia and Hong Kong are positioned for losses following a sour lead
Coinbase, Powell Speech, Earnings, Asia-Pacific at Open:
The Nasdaq 100 index pulled back from its all-time high as the debut of Coinbase – one of the largest cryptocurrency exchanges – closed sharply lower after debut. The price of the stock fell 23% from its intraday high of $428.9 and closed at $328.0, but still well above the IPO reference price of $250. Substantial selling pressure observed on its IPO day pulled Bitcoin prices off its all-time highs and dented sentiment across the technology sector. This may cast a shadow over Asia Pacific markets at open. ....

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Nasdaq 100 Aims For All-Time Highs, Will Hang Seng and ASX 200 Follow?


Nasdaq 100 Aims For All-Time Highs, Will Hang Seng and ASX 200 Follow?
NASDAQ 100, HANG SENG, ASX 200 INDEX OUTLOOK:
Powell reiterated his dovish stance and calmed market’s inflation fear in an IMF seminar. The US Dollar fell alongside 10-year yields, buoying the technology sector
ASX 200 opened lower while the Hang Seng may extend higher amid tech rebound
Powell Speech, Yields, US Data, Tech Rebound, Asia-Pacific at Open:
The Nasdaq 100 index approached its all-time highs as Fed Chair Jerome Powell reiterated his dovish stance in an IFM seminar. Powell said upward pressure on prices will likely be “temporary” and the central bank would react if inflation expectations move “persistently and materially above levels” they are comfortable with. His comment echoed the FOMC minutes released earlier, in which the central bank committed to support the economic recovery with accommodative policies. ....

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