Stocks fell in Asia on Wednesday following a Wall Street retreat and caution persisted ahead of US inflation data that will shape investor expectations for further Federal Reserve interest-rate hikes. A gauge of Asian equities dropped for the second day, with technology stocks the biggest drag. Chinese shares wavered as traders evaluated slower-than-anticipated consumer and factory inflation in the world’s second-largest economy. US contracts fluctuated following a drop in the S&P 500 for a fourth session. Micron Technology Inc. became the latest chipmaker to warn about slowing demand, fanning economic concerns and spurring a slide in the technology-heavy Nasdaq 100. Treasury yields and a dollar gauge were steady, crude oil traded at around $90 a barrel, and both gold and Bitcoin fell. The two-year Treasury rate exceeds the 10-year by nearly 50 basis points. The inversion, around deepest since 2000, is viewed as a sign of a looming recession under the Fed’s monetary-tightening campaign to curb inflation. A report Wednesday is expected to show headline US consumer-price inflation cooled but stayed elevated in July, while the core reading may have quickened on an annual basis. How the figures affect views on Fed tightening will be key for risk sentiment. In China, consumer price inflation accelerated in July to 2.7%, the highest levelin two years, but missed economists’ expectations. The producer price index climbed 4.2%, below the median forecast and down from June. Elon Musk sold $6.9 billion of shares in Tesla Inc., the billionaire’s biggest sale on record, saying he needed cash in case he is forced to go ahead with his aborted deal to buy Twitter Inc. US After Hours TTD +18.5%, ARRY +9.5%, HRB +4.5%, SMCI +3.2% higher on earnings; SG -23.2%, RBLX -16.4%, PRPL -14%, REAL -11.5% lower on earnings
Nikkei -0,75% Hang Seng -2,07% CSI -0,86% Shanghai -0,37% Shenzen -0,18%
Eur$ 1,0214 CNH 6,7612 CNY 6,7569 JPY 134,99 GBP 1,2084 CHF 0,9537 RUB 61,0994 TRY 17,9210 WTI$ 90,19 Gold 1,789,70-2,3% BTC 22,965 -0,80% ETH 1,682,16 -0,80%
S&P -0,17% Nasdaq -0,32% EuroStoxx -0,38% FTSE -0,32% Dax -0,40% SMI -0,60%
Macro :
- Zero Russian Winter Gas May Spur 20%+ Cut to Euro Stoxx 50 EPS
- China July Consumer Prices +2.7% Y/y; Est. +2.9%
Keep an eye on :
- ABN NA : ABN AMRO 2Q Profit Beats Estimates
- ARL GY : Aareal Bank 2Q Operating Profit EU61M Vs. EU41M Y/y
- AGS BB : Ageas 2Q Net Income Beats Estimates
- AD NA : *AHOLD DELHAIZE SUSPENDS PLANS FOR SUB-IPO BOL.COM IN 2H
- ALC SW : Alcon 2Q Core EPS Beats Estimates
- BAYN GY : AMLO Says He Met With Bayer CEO Werner Baumann
- BOTHE BB : Bone Therapeutics to Acquire Majority Participation in Medsenic
- BP/ LN : Bunge, BP to Sell Brazil JV, Mubadala Possible Bidder: Valor
- BNR GY : Brenntag 2Q Oper Ebitda Beats Estimates
- COIN US : Coinbase 2Q Rev. $808.3M, Est. $854.8M
- CRBN NA : Corbion 1H Adjusted Ebitda EU89.9M Vs. EU77.1M Y/y
- CTPNV NA : CTP 1H Net Rental Income EU211.5M Vs. EU160.3M Y/y
- ROO LN : Deliveroo 1H Gross Transaction Value Misses Estimates
- EDF FP : EDF Filed Claim With French Court for About EU8.34 Billion
- EOAN GY : E.On 1H Adjusted Ebit Beats Estimates
- EVK GY : Evonik Boosts FY Sales Forecast
- 2317 TT : Taiwan Wants Foxconn to Drop Stake in China’s Unigroup, FT Says
- G1A GY : GEA Group 2Q Adjusted Ebitda Beats Estimates
- HHFA GY : Hamburger Hafen Maintains FY Ebit Forecast
- ITP FP : Inter Parfums 2Q EPS Misses Estimates
- JEN GY : Jenoptik 1H Revenue Beats Estimates
- LEG GY : LEG Immobilien Maintains FY FFO I Forecast
- 994 HK : Lenovo Profit Beats Estimates While PC Slump Claims Chipmakers
- LEO GY : Leoni 2Q Adjusted Ebit EU14M Vs. EU13M Y/y
- MAJ NA : Majorel Won’t Reduce Headcount After Merger with Sitel, CEO Says
- MSFT US : Microsoft Asks Teams to Rein In Some Expenses, Sources Say -- WSJ
- NOEJ GY : Norma 2Q Adjusted Ebit EU22.3M Vs. EU36.1M Y/y
- NURI : Berlin-Based Digital Bank Files For Insolvency Amid Global Woes
- PRU LN : Prudential 1H Adjusted Operating Profit Misses Estimates
- RMG LN : Royal Mail Postal Union CWU Announces Four Days of Strikes
- SPM IM : *SAIPEM SAYS CEO DIDN'T SIGN ANY DEAL TO EXIT COMPANY
- SQZ LN : Kistos Won’t Make a Firm Offer for Serica
- 9984 JP : SoftBank Buyout Talk Resurfaces After Record Loss Piques Market
- STM FP : Santander Bank Polska Raised to Hold at Erste Group
- SQN SW : Swissquote FY Pretax Profit Forecast Misses Estimates
- TLX GY : Talanx 2Q Net Income Beats Estimates
- TLGO SM : Spain’s Talgo to Supply, Maintain Trains for Egypt: Ministry
- TSLA US : Musk: Will Buy Tesla Shares Again If Twitter Deal Fails
- TSLA US : Elon Musk Sells Total $6.89 Billion Worth of Tesla Shares
- TUI1 GY : TUI 3Q Net Loss EU356.7M Vs. Loss EU934.8M Y/y
- VTSC GY : Vitesco 2Q Ebit Beats Estimates
- WMG US : Warner Music Drops on Disappointing 3Q Streaming Revenue
- WIE AV : Wienerberger 2Q Ebitda Beats Estimates