Stocks pared losses and U.S. equity futures climbed, providing a little respite for global markets from concerns about an economic downturn An Asia-Pacific equity gauge Tuesday trimmed a drop of about 2% in half, aided by a turnaround in China. S&P 500, Nasdaq 100 and European contracts rose, pointing to steadier sentiment following a Monday rout in U.S. shares. A haven bid for Treasuries eased. Uncertainty over how far the Federal Reserve will hike interest rates to stem high inflation continues to shadow bonds. Oil fell below $102 a barrel on the economic worries and the European Union’s move to soften some proposed sanctions on Russian oil over the Ukraine war. A dollar gauge dipped but remained in sight of the highest level since 2020. In cryptocurrencies, Bitcoin added over $1,000 after sliding below $30,000. China’s growth-sapping Covid lockdowns, a global wave of monetary tightening and the Ukraine war continue to cast a pall over the world economy. The Fed in a report warned of deteriorating liquidity conditions in key financial markets. US After Hours UPST -44.5%, GDRX -28.4%, NVAX -16.7%, GRPN -12.3%, CARG -10% down on earnings; VRM +17.6% higher on new CEO/earnings; AFRM -13.6% heads lower in sympathy with UPST
Nikkei -0.34% Hang Seng -1.95% CSI +1.06% Shanghai +1.02% Shenzen +1.38%
Eur$ 1.0577 CNH 6.7230 CNY 6.6984 JPY 130.36 GBP 1.2366 CHF 0.9914 RUB 69.5750 TRY 15.1258 WTI$ 101.94 -1.10% Gold 1,865 +0.58% BTC 31,900 ETH 2,400
S&P +0.82% Nasdaq +1.35% EuroStoxx +0.80% FTSE +0.10% Dax +0.75% SMI -0.02%
Macro :
- Goldman Sachs and the Rest of Wall Street Are Souring on S&P 500
- Fed Warns of Worsening Market Liquidity in Stability Report (1)
Keep an eye on :
- AGFB BB : Agfa-Gevaert 1Q Adjusted Ebit EU4M Vs. Loss EU1M Y/y
- AIR FP : Airbus Shipped 48 Jets in April, on Course For 2022 Target
- BAKKA NO : Bakkafrost 1Q Operating Ebit Misses Estimates
- BAYN GY : Bayer 1Q Adjusted Ebitda Beats Estimates
- COFB BB : Cofinimmo to Buy 2 Belgian Care Homes for ~EU24m in Cash & Stock
- CCAP GY : Corestate 1Q Adjusted Net Loss EU9.1M Vs. Loss EU9.1M Y/y
- CSGN SW : Credit Suisse Pulls Out of Settlement Talks W/ GFG Alliance: FT
- DIC GY : DIC Asset Maintains FY FFO Forecast
- EDF FP : France to Modify Wind, Solar Contracts to Help Cap Prices: Echos
- ELE SM : Endesa 1Q Ebitda Misses Estimates
- FRA GY : Fraport 1Q Ebit Loss EU41.3M, Est. Loss EU16.1M
- HOLN SW : JSW Group to Make $7b Bid for Holcim’s Indian Businesses: FT
- IPH FP : Innate Pharma 1Q Revenue EU2.6M Vs. EU4.5M Y/y
- KOG NO : Kongsberg 1Q Ebitda Misses Estimates
- LHA GY : Lufthansa Seeks to Ride Cargo Boom With Boeing Freighter Order
- DRLCO DC : Maersk Drilling Gets $21 Million Contract Extension in Brazil
- MEL FP : Melia Hotels 1Q Revenue EU271.4M Vs. EU76.3M Y/y
- MTGB SS : MTG Proposes Extraordinary Cash Dividend of SEK25.00/Share (1)
- MUV2 GY : Munich Re Books Almost EU700M 1Q Russia, Ukraine Bond Writedown
- MUSTI FH : Musti Group 2Q Operating Profit Misses Estimates
- RAL FP : Rallye Approved to Complete EU37m Unsecured Debt Tender
- RNO FP : Renault Confirms Mobilize to Account for 20% of 2030 Group Rev.
- RNO FP : Geely Automobile to Buy 34.02% in Renault Korea for 264B Won
- RVRC SS : RVRC Holding 3Q Net Sales SEK367.4M Vs. SEK244.5M Y/y
- RWE GY : Germany, Qatar at Odds Over Terms in Talks on LNG Deal: Reuters
- SFQ GY : SAF-Holland SE 1Q Sales Beats Estimates
- SPM IM : Saipem Now Plans EU2b Cap Hike During Summer, CEO Tells Sole
- SFER IM : Salvatore Ferragamo Fluctuates After Betaville ‘Uncooked Alert’
- SHA GY : Schaeffler Sees FY Revenue in Constant Currency +6% to +8%
- WAF GY : Siltronic 1Q Ebitda Beats Estimates
- STLN SW : Swiss Steel Group 1Q Revenue EU1.03B
- SWMA SS : Swedish Match Confirms Talks on Possible Philip Morris Offer
- TRI FP : Trigano 1H Net Income EU141.2M Vs. EU114.3M Y/y
- TWTR US : Musk’s Twitter Would Comply With EU Rules Governing Content
- UCB BB : UCB’s Phase 3 RAISE Study Met Primary And Secondary Endpoints
- VIE FP : Veolia to European Sell Mobile Water Services Ops to Saur
- WAC GY : Wacker Neuson Maintains FY Revenue Forecast
- WDP BB : WDP Pulls Stock Dividend Offer Over Market Turbulence