Treasuries, stocks and U.S. equity futures slid Monday amid heightened worries about inflation risks and tightening financial conditions. A gauge of the dollar climbed. The 10-year Treasury yield touched 2.77%, exceeding the equivalent rate on Chinese debt for the first time since 2010. Real U.S. yields are getting closer to turning positive, a development that could be an impediment for risk assets. An Asia-Pacific equity index shed more than 1%, dropping to the lowest since mid-March. China and Hong Kong were in the red, weighed down by the mainland’s Covid outbreak, elevated Chinese factory-gate prices and regulatory concerns in the technology sector. U.S. and European futures also declined, pointing to more challenges for global shares after the Federal Reserve last week signaled sharp interest-rate hikes and balance-sheet reduction to curb price pressures. Oil retreated on risks to demand from China’s Covid lockdowns, including extensive curbs in Shanghai. Market sentiment continues to be shaped by a hawkish Fed, commodity-market disruptions caused by Russia’s invasion of Ukraine and the prospect of an economic slowdown. China’s Covid curbs threaten to exacerbate supply-chain snarls, further stoking inflation risks. The nation’s factory gate prices increased more than expected in March.
Nikkei -0,83% Hang Seng -2,75% CSI -2,72% Shanghai -2,12% Shenzen -2,76%
Eur$ 1,0889 CNH 6,3816 CNY 6,§3720 JPY 125 GBP 1,3015 CHF 0,9353 RUB 81,45 TRY 14,7404 WTI$ 96,45 Gold 1943 BTC 4,280 -2% ETH 3180 -2,5%
S&P -0,48% Nasdaq -0,51% EuroStoxx -0,45% Dax -0,64% SMI -0,08%
Macro :
- Macron Set to Face Le Pen in French Presidential-Election Runoff
- Goldman Strategists See Risks to European Margins, Revenues
- Former Citi Executives Seek $100 Million for Crypto Hedge Funds
- Former Citi Executives Seek $100 Million for Crypto Hedge Funds
- Dollar Jumps on Soaring Yields; China Stocks Slump: Macro Squawk
Keep an eye on :
Keep an eye on :
- AIR FP : Airbus Books 104 Gross Orders in March
- AF FP : Dutch Watchdog Rules KLM’s ‘Carbon Zero’ Ad Is Misleading
- AKERBP NO : Aker BP, Pandion Start Production From Hod B in North Sea
- ASCL LN : Ascential Weighs U.S. Spin Off of Digital Operations, Sky Says
- ATL IM : GIP, Brookfield Not Planning Hostile Move on Atlantia: Rtrs
- SPR SW : Axel Springer Pledges Focus on Culture as It Overhauls Board
_ BMW GY : BMW Sees Chip Shortage Lasting Into 2023: Neue Zuercher Zeitung
- BOSN SW : Bossard 1Q Sales CHF291.6M Vs. CHF244.8M Y/y
- BSGR NA : B&S to Buy 70% of Undisclosed French Beauty Company; No Terms
- Channal 4 IPO : U.K. Mulls Listing of Channel 4 If No Bids Are Made, Times Says
- DHER GY : Delivery Hero Completes EU1.4B-Equiv Debt Financing Syndication
- EOAN GY : E.ON Rules Out German Nuclear Power Plant Extension: FT
- FORTUM FH : Finnish Premier Signals Fortum Will Have to Exit Russia Soon
- G IM : Generali Investors Should Back Board’s Slate, Proxy Firms Say
- HEIJM NA : Heijmans Doesn’t Need to Pay Advance Compensation on Wintrack II
- LHA GY : Lufthansa Debt Climbed by $11 Billion Due to Pandemic: CEO Spohr
- TYRES FH : Nokian Renkaat Says Sanctions’ Impact on Tire Sales Significant
- NVDA US : Nvidia Seeks Holder Approval to Boost Authorized Common Shares
- NVDA US : Nvidia Seeks Holder Approval to Boost Authorized Common Shares
- ORSTED DC : Orsted to Build Coal Stockpile Due to Ukraine War Situation: FT
- RIO LN : Rusal Doesn’t Agree With Rio Taking Control of Alumina Plant
- TIT IM : Telecom Italia’s Single Network Plan Open to KKR, CEO Tells Sole
- UCG IM : UniCredit Delays Meeting for More Time to Manage Russia Exposure
- VOD LN : *VODAFONE SPAIN MULLS SALE OF FIXED BROADBAND NETWORK: EXPANSION
- VOE AV : Voestalpine to Sell Stake in Texas Steel Plant, Standard Says
- WKP LN : Workspace Says Like-For-Like Occupancy Grew in Jan.-March