Asian stocks were mixed Wednesday as investors awaited a key report on U.S. inflation. Treasuries and the dollar were steady. Shares rose in Japan and saw modest gains in Australia and Hong Kong. China was little changed, while stocks in South Korea retreated after the country posted a record number of coronavirus cases. U.S. futures fluctuated. Earlier, the S&P 500 climbed to an all-time high, while the tech-heavy Nasdaq 100 declined. Crude oil was steady after bouncing from a three-week low as a report showed shrinking inventories. Data out Wednesday are expected to show prices paid by U.S. consumers grew in July at the slowest pace in five months, though remain elevated. Asia’s economies are already showing a hit from the surging delta variant of Covid-19. Hong Kong extended until March regulations that allow it to enact pandemic-related curbs such as restrictions on group gatherings and compulsory quarantine of visitors.
The delta Covid-19 variant is sweeping across the U.S. with hospitals parceling out beds for patients, and hunting for doctors and nurses. The outbreak is also growing in China, with more than 100 symptomatic cases reported on Tuesday.
Meanwhile, the Senate passed a $550 billion infrastructure plan, sending the legislation to the House for a vote, though investors believe it will take years for the impact of the spending to be felt.
Elsewhere, Bitcoin was back above $45,000 amid renewed fervor for the digital coin. A change to cryptocurrency reporting rules in the infrastructure bill was blocked in the Senate, leaving language for broad oversight of virtual currencies in the legislation.
US After Hours UPST +17.8%, FUBO +11.5%, MCFE +3.7%, DOCS +3.5% higher on earnings; WW -22.3%, ONTF -17.6%, EPAY -8%, POSH -7% lower on earnings; NLOK +3.9% on deal to acquire Avast
Nikkei +0.50% Hang Seng +0.24% CSI -0.25% Shanghai +0.09% Shenzen +0.24%
Eur$ 1.1721 CNH 6.4854 CNY 6.4818 JPY 110.65 GBP 1.3832 CHF 0.9228 RUB 73.9059 TRY 8.6111 WTI$ 68.11 -0.26% Gold 1,732.88 +0.22% BTC 45,770 +127 ETH 3180 +23
S&P -0.09% Nasdaq -0.05% EuroStoxx +0.02% FTSE +0.14 Dax -0.01 SMI
Macro :
- Senate Passes $550 Billion Infrastructure Plan in Biden Win
- Saudi Arabia’s Social Revolution Arrives at Riyadh Dining Tables
- Oil Steadies With Report Pointing to Shrinking U.S. Inventories
Spacs :
- Wilbur Ross’s SPAC Said to Be in Talks to Merge With GaN Systems
- OppFi Falls to Post-SPAC Low Ahead of Quarterly Results
Keep an eye on :
- ABN NA : ABN Amro to Pay Final 2019 Dividend of EU0.68/Share in October
- AED BB : Aedifica Boosts FY Rental Income Forecast, Beats Estimates
- AGS BB : Ageas to Initiate New Share Buyback Program for EU150m
- AD NA : Ahold Delhaize Boosts FY Adjusted Operating Margin Forecast
- AIR FP : U.S. Mulls 2050 Airline Target of 100% Renewable Jet Fuel: Rtrs
- AIR FP : Boeing Max Takes to China’s Skies Amid Test to End Flight Ban
- ALKB DC : ALK-Abello 2Q Revenue Rises 13% on Year to DKK868m
- AVST LN : NortonLifeLock to Buy Avast for as Much as $8.6 Billion
- CCAP GY : Corestate Maintains FY Adjusted Ebitda EU90M to EU115M
- CSGN SW : Credit Suisse Renewables, Energy Bankers Resign to Join Evercore
- DAE SW : Daetwyler 1H Ebit CHF98.9M Vs. Loss CHF399.4M Y/y
- DIC GY : DIC Asset 1H FFO EU53.0M Vs. EU50.6M Y/y
- EKT SM : Cnmv to Suspend Trading of Euskaltel as of Aug. 17 Market Close
- EQT SS : Australian Data Firm Iress Backs $2.2 Billion EQT Takeover Offer
- EOAN GY : Germany’s EON Raises Outlook as Stronger Demand Boosts Earnings
- EVT GY : Evotec SE 1H Adjusted Ebitda EU36.2M Vs. EU47.3M Y/y
- FLTR LN : Flutter Holder Fastball Offers 3m Shares: Terms
- HEI GY : Cementa Says Swedish Government’s Permit Extension Isn’t Enough
- ISS DC : ISS 1H Revenue Meets Estimates
- KAL NO : Kalera as to Acquire &ever in Cash, Share Deal
- LXS GY : Lanxess Boosts FY Adjusted Ebitda Forecast
- LEO GY : Leoni 2Q Sales Beat Estimates
- LLOY LN : New Lloyds CEO Nunn Has Wealth at Top of a Packed To-Do List
- NVDA US : SoftBank’s Arm Deal Gets More Enticing, Even With Major Hurdles
- RDSA LN : Shell Needs No ‘Direct’ Government Funds for Alberta CCS Project
- SZG GY : Salzgitter 2Q Pretax Profit EU188.4M Vs. Loss EU96.4M Y/y
- SRBNK NO : SR-Bank 2Q Net Interest Income NOK1.00B
- STLN SW : Swiss Steel Group Sees FY Adjusted Ebitda EU150M to EU180M
- TLX GY : Talanx Boosts FY Net Income Forecast
- TEG GY : TAG Immobilien 2Q FFO Per Share EU0.31
- TKA GY : Thyssenkrupp 3Q Adjusted Ebit EU266M Vs. Loss EU693.0M Y/y
- UN01 GY : Uniper’s First-Half Profit Tumbles 16% on Record Carbon Prices
- VEC LN : Carlyle Says Vectura Bid Is Final, Opens Path for Philip Morris
- VWS DC : Vestas 2Q Ebit Before Significant Items Misses Estimates, Vestas Cuts FY Revenue Forecast
- VIV FP : Vivendi Sells 7.1% of UMG to Pershing Square Holdings for $2.8B
- VOW3 GY : Audi’s Latest Concept Is an Electric Car That Expands, Contracts
- VZN SW : VZ Holding 1H Net Income CHF68.4M
- WIE AV : Wienerberger 2Q Revenue Beats Estimates