Equities in Asia and futures fell Friday and Treasuries rose as a broad risk-off mood took hold amid hot U.S. inflation data and continued negative news out of Ukraine. An MSCI Inc. gauge of the region’s stocks was on track for its fourth consecutive weekly decline. A technology gauge in Hong Kong slumped more than 6% after the U.S. identified five Chinese firms that could be delisted. Chinese stocks traded in the U.S. had their worst day since 2008 Thursday amid the renewed regulatory concerns. The slide in U.S. futures reflected a deepening risk-off mood following losses on American exchanges Thursday. European contracts also fell. Oil is on track for its biggest weekly loss since November as its searing gains faltered. U.S. President Joe Biden is expected to call foran end to normal trade relations with Russia, clearing the way for increased tariffs on the country’s imports. The dollar rose against most of its major peers. The prospect of a widening interest-rate differential dragged the yen to a five-year low against the greenback. Money-market traders ratcheted up positioning for higher U.S. rates this year to close to seven quarter-point moves. Treasuries pared an overnight decline that took the 10-year yield briefly above 2%. Though oil prices have retreated, signs of broader price gains have raised the potential for more-aggressive action from the Federal Reserve. The Fed is expected to lift interest rates off zero next Wednesday. The European Central Bank unexpectedly accelerated its wind-down of monetary stimulus on Thursday, signaling it’s more concerned about record inflation than weaker economic growth. Meanwhile, more firms are turning their backs on Russia in response to the invasion of Ukraine. JPMorgan Chase & Co. joined Goldman Sachs Group Inc. in pulling back from Russia. Further weighing on sentiment in China, the daily Covid-19 caseloadexceeded 1,000 for the first time in two years. US After Hours DOCU -16.9%, ZUMZ -16.6%, RIVN -13.2%, AOUT -11.9% fall on earnings; ORCL bounces back after initial fall following earnings; LAZY +20.3% higher on acquisition proposal
Nikkei -2.05% Hang Seng -1.82% CSI +0.32%% Shanghai +0.36% Shenzen +0.52%
Eur$1.1006 CNH 6.3297 CNY 6.3229 JPY 116.62 GBP 1.3085 CHF 0.9305 RUB 135 TRY 14.9280 WTI$ 106.57 +0.52% Gold 1,986.13-0.54% BTC 38,750 -1.45% ETH 2,560 -1.44%
S&P +0.18% Nasdaq +0.07% EuroStoxx +0.76% FTSE +0.69% Dax +0.61% SMI +0.45%
Macro :
- Contrarian David Woo Warns of VAR Shock as Investors Misread War
- China Finds Cyber Attacks From U.S. Targetting Russia: Xinhua
- Hedge Fund Eisler Capital Purges All Cash Tied to Russians
- Hedge Fund Eisler Capital Purges All Cash Tied to Russians
- Yellen Sees ‘Uncomfortably High’ 2022 Inflation But No Recession
Keep an eye on :
Keep an eye on :
- ADJ GY : Adler Group Says KPMG Unable to Refute Claims on Related Parties
- ATL IM : Atlantia Sees 2022 Rev About EU6.6b, Ebitda Approx. EU4.1b
- POST AV : Austrian Post Sees EU1.9 Dividend, Seeks Steady 2022 Results
- AUTO NO : AutoStore Intends to Appeal ITC Decision in Ocado Case
- BC IM : Brunello Cucinelli FY Operating Profit Beats Estimates
- BMW GY : BMW Buys Alpina to Aid Performance Brand Through Electric Shift
- BOKA NA : Stichting Hyacinth Acquires 1.3% Boskalis Stake
- BOL FP : Bollore FY Revenue Beats Estimates
- BP/ LN : Lawmaker Launches Probe of Exxon, BP on Buybacks, Tax Breaks
- DTE GY : Deutsche Telekom Launches Sale Process of Towers Business: Rtrs
- DWS GY : Goldman Frankfurt Headquarters Sold to DWS for Over $880 Million
- EDF FP : Saipem, EDF Rescue Share Sales Buoyed by EU Bond Plan: ECM Watch
- EQNR NO : Equinor Is Looking at Options to Grow Gas Output in Summer
- ERICB SS : Ericsson Shareholder Demands Explanation Over CEO’s Bonuses: DI
- EL FP : EssilorLuxottica ‘Temporarily’ Restricts Operations in Russia
- EVR LN : FTSE to Confirm Index Treatment for Evraz on Friday
- FDX US : FedEx Founder’s Son to Take Reins at Courier’s Express Unit (1)
- FLUO SS : Fluoguide Offers SEK25m Shares via ABG Sundal Collier
- FRA GY : Fraport Feb. Frankfurt Airport Passengers +211.3%
- G IM : Caltagirone to Present Candidates for Generali CEO, Chairman
- GBLB BB : GBL 4Q Net Assets EU22.50B Vs. EU22.49B Q/Q
- GBLB BB : GBL 4Q Net Assets EU22.50B Vs. EU22.49B Q/Q
- IBS PL : Ibersol Holds Talks About Sale of Its Burger King Restaurants
- LXS GY : Lanxess Sees 1Q Adjusted Ebitda EU280M to EU320M, Est. EU284.8M
- LDO IM : Leonardo 4Q Revenue Misses Estimates
- MOVE SW : Medacta FY Adjusted Ebitda EU107.1M Vs. EU88.1M Y/y
- MOR GY : Morphosys to Book EU231m Non-Cash Impairment Charge in 4Q 2021
- NVG PL : Navigator Suspends Sales of Products in Russia, Belarus
- PTON US : Peloton’s Foley, Goldman Discuss His Share-Backed Loans: Insider
- PHIA NA : Philips Ordered by FDA to Improve Recall Communication
- RUI FP : Rubis FY Ebitda EU532M Vs. EU506M Y/y
- SPIE FP : Spie Sees 2022 Revenue in Constant Currency at Least +3%
- STAN LN : Standard Chartered Bank Zimbabwe Names Samuel Mushiri Chairman
- STLA IM : Stellantis Suspends All Russia Car Imports and Exports
- TIT IM : Telecom Italia Advisers Put $31 Billion Value Post Grid-Deal
- 6502 JP : Toshiba’s Plan to Split Garners Growing Opposition --> -1.06%
- TOD IM : Tod's FY Net Loss EU5.94M, Est. Loss EU14.9M
- UBXN SW : u-blox FY Revenue Beats Estimates
- UN01 GY : Uniper Plans SEK865m Investment in Swedish Hydro Power Plants
- VLA FP : Valneva Gets More Vaccine Questions From EU, Sees Nod in April
- FHZN SW : Zurich Airport Feb. Passengers 981,835 Vs. 192,558 Y/y