Most Asian stocks pushed higher Wednesday after a rotation out of defensive technology names into shares more exposed to economic growth continued in the U.S. overnight.
Equities in Japan and Australia climbed more than 1%, but a technology selloff in China deepened following Beijing’s crackdown on the Internet industry. S&P 500 futures edged up after the benchmark pulled back from a two-month high Tuesday, when the Nasdaq 100 index slid almost 2%. European futures slipped.
Shares in companies including Alibaba Group Holding Ltd. and Tencent Holdings Ltd. slumped after the Communist Party unveiled regulations to root out monopolistic practices in the technology industry.
US After Hours FUBO +22.4%, SANM +6.4%, LYFT +5.3%, BRKS +5.2% up on earnings; EGAN -26.2%, MODN -9.8%, GO -6.7%, DDOG -5.9%lower on earnings
Nikkei +1.78% Hang Seng +0.32% CSI -0.92% Shanghai -0.54% Shenzen -1.83%
Eur$ 1.1824 CNH 6.5920 CNY 6.6004 JPy 105.31 GBP 1.3263 CHF 0.9150 RUB 76.4211 TRY 8.0842 WTI$ 42 +1.55%
S&P +0.32% Nasdaq +0.46% EuroStoxx -0.09% FTSE +0.13% Dax -0.02% SMI +0.13%
Macro :
- BioNTech Sees 70% of Germans Vaccinated by Mid-2021: Stuttgarter
- Italy May Have to Spend 10 Billion Euros a Month on Lockdown Aid
- Biden’s Rapid-Fire Calls Open New Era for U.S. and European Ties
Keep an eye on :
- ABN NA : ABN AMRO 3Q Net Income Beats Estimates
- ACCEL NA : Accell Sales Up 38% in Last 4 Months; Ebit Guidance Revised Up
- ALC SW : Alcon 3Q Core EPS Beats Estimates
- ALKB DC : ALK-Abello 3Q Revenue DKK772M
- ALO FP : Alstom Beats Estimates on First-Half Revenue, Adjusted Earnings
- AMBUB DC : Ambu FY Revenue Matches Est.; Sees 2020/21 Growth of 17%-20%
- AUSS NO : Austevoll Seafood 3Q Ebit Beats Estimates
- BARN SW : Barry Callebaut FY Recurring EBIT Beats Estimates
- BARN SW : Chocolate Market Shrank in Year Through August: Barry Callebaut
- BAVA DC : Bavarian Nordic Raises FY Ebitda, Cash Forecasts (1)
- BC8 GY : Bechtle 3Q Raises 2020 Earnings Forecast
- CAP FP : Capgemini to Buy Consulting Company RXP Services for A$95.5m
- CON GY : Continental AG Sees FY Adjusted Ebit Margin About 3%, Est. 3.62%
- DBK GY : Deutsche Banks Ends Participation in Auto1 Fintech Joint Venture
- PBB GY : Deutsche PBB 9M Pretax Profit Falls 43%; No Concrete FY Guidance
- DIE BB : D’Ieteren Sees FY Adjusted Pretax Profit Around FY 2019 Level
- EDF FP : France-EU Nuclear Regulation Talks Near Completion: Minister
- EFGN SW : EFG 3Q Net New Asset Inflows at Top End of 4%-6% Target Range
- EOAN GY : EON Maintains 2020 Earnings Outlook Despite Covid-19 Surge
- GN DC : GN Store Nord 3Q Revenue Grew 29%; 2020 Outlook Maintained (1)
- H24 GY : Home24 Boosts FY Adjusted Ebitda Margin Forecast
- IMCD NA : IMCD 9M Gross Profit EU485.7M Vs. EU457.3M Y/y
- IPX LN : Impax Asset Holder BNP Paribas to Offer 13m Shrs
- SKB GY : Koenig & Bauer Sees FY Revenue EU900B to EU950B
- LEO GY : Leoni 3Q Ebit Loss EU31M
- LSG NO : Leroy Sees FY Harvest Low End Of 183,000 to 188,000 Metric Tons
- LHA GY : Lufthansa Appoints Steenbergen CFO Per January 1
- LHA GY : Lufthansa Prices EU600m 2.0% 5-Year Convertibles; Premium of 40%
- NEOEN FP : Neoen Offering by Holder Prices 700k Shares at EU44.75/Share
- NEXI IM : Nexi Is Said to Near $9 Billion Nets Deal Amid Payments M&A Boom
- NDA SS : Nordea’s Biggest Owner Starts Selling Down Its 20% Stake (1)
- SFER IM : Salvatore Ferragamo 9M Revenue EU611M
- G24 GY : Scout24 3Q Revenue EU89.6M Vs. EU88.7M Y/y
- STLN SW : Swiss Steel Group 3Q Adjusted Ebitda Loss EU21.1M
- TIT IM : Telecom Italia Revenue Drop Shows Urgency of Open Fiber Deal
- VLA FP : Valneva Plans Dec. 22 EGM to Prepare for Potential U.S. IPO
- VIE FP : Veolia CEO Asks Parliament to Track Job Pledge After Suez Deal
- VOW GY : VW’s Porsche Guarantees Jobs Until 2030: Stuttgarter Zeitung
- WALWIL NO : Wallenius Wilhelmsen 3Q Total Income Misses Estimates