Stocks and equity futures fell, while Treasuries slid as the prospect of higher interest rates continued to mount on the back of the Federal Reserve’s battle against inflation. An Asia equity benchmark was headed for its second straight weekly fall, with some of the biggest losses posted by Chinese tech shares. Futures on US and Europe equity contracts were also in the red. The picture was different in Japan, with stock gains supported by positive earnings from chipmakers. Treasury yields continued their climbs across the curve after investors pushed yields on the two-year Treasury above the 10-year’s by the most since the early 1980s, a sign of flagging confidence in the economy’s ability to withstand additional Fed hikes. Market pricing for US rates to peak in July inched higher as investors digested the fresh data and the drumbeat of central bankers signposting further tightening ahead. Fed Bank of Richmond President Thomas Barkin said it’s important to continue hiking to rein in inflation. His comments echoed sentiment from four Fed officials who spoke Wednesday. The dollar surged against all Group-of-10 currencies and was set for a weekly gain, while the offshore yuan was range-bound. Chinese inflation data showed consumer prices rose 2.1% in January from a year earlier, in line with market forecasts. Japan’s government is planning to announce a new Bank of Japan governor on Feb. 14, a move that will be closely watched by markets. The yen has been fluctuating since Nikkei reported early this week that BOJ Deputy Governor Masayoshi Amamiya might succeed Haruhiko Kuroda at the helm of the central bank. Bitcoin steadied after a Thursday decline that pushed the cryptocurrency down 4.8%, the biggest one-day drop since November, amid speculation about a regulatory crackdown. oil trimmed a weekly gain as investors weighed the threat of a global economic slowdown against a bullish outlook for Chinese demand following the end of Covid Zero. Gold held near the lowest close in more than a month. US After Hours LYFT -30% down sharply on earnings is the top headline; DOCS -7.6%, PYPL -3.1% also lower on earnings; NET +10.9%, YELP +10.5%, AYX +9%, BE +8.5% higher on earnings.
Nikkei +0.31% Hang Seng -1.84% CSI -0.57% Shanghai -0.29% Shenzen -0.45%
Eur$ 1.0733 CNH 6.8086 CNY 6.7996 JPY 131.56 GBP 1.2105 CHF 0.9220 RUB 72.9014 TRY 18.8358 WTI$ 77.73 -0.42% Gold 1,861 -0.04% BTC 21,851 -0.03% ETH 1,545 +0.28%
S&P -0.10% Nasdaq -0.16% EuroStoxx -0.50% FTSE -0.36% Dax -0.65% SMI -0.53%
Macro :
- ECB’s Guindos ‘Relatively Optimistic’ on Inflation Outlook
Macro :
- ECB’s Guindos ‘Relatively Optimistic’ on Inflation Outlook
- UK Treasury in Talks to Speed Up Solvency II Overhaul: FT
- Goldman Raises Iron Ore Target to $150/ton on China Reopening
Keep an eye on :
Keep an eye on :
- ABN NA : Dutch State to Cut ABN Amro Stake to Slightly Below 50%
- ADS GY : Adidas Says It May Report an Operating Loss of €700M in 2023
- ADS GY : Adidas Says It May Report an Operating Loss of €700M in 2023
- AFRY SS : AFRY AB 4Q Net Sales Beats Estimates
- AKRBP NO : Aker BP 4Q Ebitda Misses Estimates
- APAM NA : Aperam 4Q Adjusted Ebitda Beats Estimates
- AA4 LN : Amedeo Air Four Plus Cut to Positive at Stifel
- BARC LN : UK FCA Probes Barclays Over Anti-Money Laundering Systems: FT
- BATS LN : Philip Morris CEO Says Russia Exit Is Now Extremely Difficult
- BELL SW : Bell FY Revenue Matches Estimates
- BITTI FH : Bittium 4Q Operating Profit EU3.0M
- EN FP : Bouygues Telecom to Appeal Paris Court Ruling on Free Mobile
- BMAX SS : Byggmax CEO Mattias Ankarberg to Resign Effective Aug. 9
- AFX GY : Carl Zeiss Meditec Maintains FY Ebit Margin Forecast
- COIN US : Crypto Exchange Kraken Ends Staking Program in SEC Settlement
- EMSN SW : EMS-Chemie FY Ebitda Misses Estimates
- ENEL IM : Enel FY Revenue Beats Estimates
- ENSU NO : Ensurge Micropower Offers Up to NOK60 million Shares
- ENTRA NO : Entra 4Q Net Operating Income Meets Estimates
- ENX FP : Euronext Sees Equity Raises Coming Back After Tough Year
- EVT GY : Evotec Gets €150M Loan From European Investment Bank
- FRE GY : FDA Issues Warning to Avoid Hospira Drug Over Aluminum Levels
- GSK LN : GlaxoSmithKline Gets FDA OK for Jemperli for Endometrial Cancer
- ILTY IM : Illimity Bank Sees 2023 Net Income EU100M
- IVG IM : Iveco Sees 2023 Consolidated Adjusted Ebit EU550M to EU590M
- KEMIRA FH : Kemira 4Q Oper Ebitda Beats Estimates
- KOG NO : Kongsberg 4Q Ebitda Misses Estimates
- MAN FP : Guichard Family Holds 99.08% of Manutan at End of Offer: AMF
- MOBN SW : Mobimo FY Ebit Beats Estimates
- MOCORP FH : Metso Outotec in Litigation Related to UK Waste-To-Energy Plants
- OBEL BB : Orange Belgium Sees 2023 Ebitda After Leases EU360M to EU375M
- OR FP : L'Oreal's Cash-Churning Portfolio Due Quick Luxe Repair: React
- ROG SW : Roche Phase III Data Show Vabysmo Benefit in New Indication
- ROG SW : Drugmaker Roche Shareholder Seeks to Offload $976 Million Stake
- ROG SW : Roche Foundation Acquires 540,000 Roche Bearer Shares Via ABB
- SAABB SS : Saab 4Q Sales Beats Estimates
- SANOMA FH : Sanoma 2023 Revenue Forecast Misses Estimates
- SAGA LN : Saga in Exclusive Talks to Sell Underwriting Unit to Open: Sky
- SCHA NO : Schibsted 4Q Ebitda Beats Estimates
- STAN LN : Abu Dhabi’s FAB Is Quietly Readying Another Run at StanChart
- THULE SS : Thule 4Q Ebit Misses Estimates
- TIT IM : Telecom Italia Sum-of-the-Parts Value Sees M&A Scope Ignored
- TOKMAN FH : Tokmanni Sees 2023 Comparable Ebit EU85M to EU100M, Est. EU90M
- US IM : UnipolSai FY Consolidated Net Misses Estimates
- UNI IM : Unipol FY Consolidated Net Meets Estimates