Asian stocks and U.S. futures fluctuated Tuesday ahead of a key inflation print stateside that’s expected to strengthen the case for tighter monetary policy. Shares slipped in Japan, edged up in Hong Kong and were little changed in China. S&P 500 contracts swung between gains and losses after the benchmark posted its longest losing streak since September, though dip buyers emerged late in the session to wipe out almost all intraday losses. On Monday, the U.S. yield curve flattened as market-implied odds of a March rate hike edged higher. The dollar slipped. Investors are mulling the impact of a withdrawal of unprecedented stimulus and the spread of omicron virus that continues to pressure already buckling supply chains and add to inflationary pressures. A drop in liquidity has sparked a rotation out of pricey growth stocks into laggard value names. Federal Reserve Chair Jerome Powell said the U.S. economy was expanding at a fast pace and the central bank will prevent higher inflation from becoming entrenched. Helping sentiment, New York’s virus infections may have reached a peak, about a month after the first case of the omicron variant was identified there. Meanwhile, Pfizer Inc. is developing a hybrid vaccine that shields against the omicron variant. A new study showed high levels of protective immune cells that fight some common colds also made people less likely to contract Covid-19. Elsewhere, Bitcoin recovered to around $42,000 after dipping below $40,000, putting it on track for its worst start to a year since the earliest days of digital currencies. Oil edged up.
US After Hours Lots of guidance after the close, mostly good: NARI +10.3%, ANF +7%, PI +4.2%, ILMN +2.5%; although BIG -5.8% guided lower; INTC +2.5% higher as it snaps up rival CFO
Nikkei -0.91% Hang Seng -0.16% CSI -1.02% Shanghai -0.80% Shenzen -1.20%
Eur$ 1.1335 CNH 6.3785 CNY 6.3709 JPY 115.25 GBP 1.3594 CHF 0.9262 RUB 74.8757 TRY 13.7777 WTI$ 78.80 +0.73% Gold 1,806.15 +0.25% BTC 42,000 +0.88% ETH 3,100 +0.90%
S&P -0.09% Nasdaq -0.14% EuroStoxx +0.54% FTSE +0.30% Dax +0.43% SMI +0.54%
Macro :
- Ray Dalio Says U.S. Needs a Dose of China’s Common Prosperity
- Magnitude 6.6 Earthquake Strikes Near Cyprus: USGS
- S&P 500 Forms Bullish Candlestick Hammer Pattern
- Tiger Global Lost 7% Last Year for First Annual Drop Since 2016
- Senate said to be poised to vote this week on a bill to impose tough new sanctions on the Nord Stream 2 pipeline
Keep an eye on :
- ABN NA : ABN Amro Raises Consumer Credit Compensation Provision by ~EU90M
- YOU GY : About You Sees FY Revenue High End Of +48% to +52%
- ADS GY : Nike Bid to Block Adidas From U.S. to Be Considered by ITC
- ADV GY : Adva Takeover Offer Acceptance Threshold Lowered to 60%
- AIR FP : Airbus Deliveries Jan.-Dec. Up 8% Y/y
- AIR FP : Airbus Beats Boeing on Deliveries, Is Set to Lose on Orders
- AIR FP : Oaktree-Backed Jet Lessor Azorra Orders 22 Airbus A220 Planes
- AR4 GY : Aurelius Unit Buys Berlin Container Service Provider; No Terms
- BC IM : Brunello Cucinelli FY Revenue Beats Estimates
- CRG IM : Italy’s Bank Fund Grants BPER Exclusive Talks for Carige
- CBK GY : *CERBERUS TO SELL ~21M DEUTSCHE BANK, ~25.3M COMMERZBANK SHARES
- DHER GY : Delivery Hero Sees Food Delivery Breaking Even in Second Half
- DBK GY : *CERBERUS TO SELL ~21M DEUTSCHE BANK, ~25.3M COMMERZBANK SHARES
- MF FP : French Fintech Qonto Raises New Funds at $5 Billion Valuation
- EVT GY : Evotec Expands Bristol Myers Squibb Neuroscience Collaboration
- FAST NA : Fastned 4Q Revenue Related to Charging EU4.9M Vs. EU1.9M Y/y
- GFC FP : Gecina Signed Three New Leases in Paris in December 2021
- HFG GY : HelloFresh to Introduce New EU250 Million Share Buyback Program
- HOLN SW : Holcim to Buy Building Solutions Company PRB Group; No Terms
- ALBUD FP : French Utility Mint Says Power Needs Fully Covered for Winter
- MRNA US : Moderna Is Top Stock in S&P 500 as 2022 Vaccine Orders at $18.5B
- NOVN SW : Novartis Mulls Oncology, Cardiovascular Treatment Expansion
- PNDORA DC : Pandora Prelim 4Q Revenue DKK9.0B, Pandora Reports Record 4Q Revenue, Beats Guidance
- PRX NA : GoStudent Completes Funding Round at 3 Billion Euro Valuation
- REC BB : *GREINER DOESN'T WAIVE CONDITIONS PRECEDENT FOR RECTICEL OFFER
- RNO FP :
- RIO LN : Rio Tinto to Buy Electric Trains From Wabtec: Finl Review
- SPM IM : Saipem Gets New Contracts in Australia, Guyana Worth $1.1b
- SAE GY : Shop Apotheke Prelim 4Q Revenue Misses Estimates
- SIKA SW : Sika FY Sales Meet Estimates
- SOLON NO : Solon Eiendom Board Considers SBB Offer Fair, Recommends Accept
- TW/ LN : Taylor Wimpey's New Acquisitions May Speed Up Land-Bank Shift
- TE FP : TechnipFMC to Delist Its Shares From Euronext Paris
- TE FP : TechnipFMC Sells Stake in Technip Energies
- TIT IM : KKR Said to Invite Saudi Wealth Fund to Back Telecom Italia Bid
- TRUEB SS : Truecaller Holder Balderton Offers Up to 4.6m Shares: Terms
- UBER US : Bolt Raises EU628m in New Round at EU7.4b Valuation: CNBC
- VIE FP : Veolia Appoints Brachlianoff as New CEO, Frerot Remains Chairman
- VOW GY : VW Finance Chief Expects Inflation to Ease and Chip Shortage to Drag On