Asian stocks were mixed Thursday after the hottest U.S. inflation print in three decades hurt Wall Street shares and sparked a jump in Treasury yields amid concern monetary policy will be tightened more quickly.
Equities rose in Japan and China and fluctuated in Hong Kong. The S&P 500 dropped and the Nasdaq 100 underperformed as investors questioned the richer valuations of technology stocks. U.S. futures edged up, with Tesla Inc. rallying in extended trading after a filing showed Elon Musk sold about $1.1 billion of Tesla stock for tax needs, providing some clarity on his plans.
The evidence of building price pressures brought forward expectations of interest-rate hikes. Treasury yields soared across the curve, with the 10-year yield up more than 10 basis points. A poorly received 30-year auction added to the angst. Sovereign bonds slid in Australia and New Zealand. There’s no cash Treasuries trading Thursday due to a U.S. holiday.
The dollar was around a one-year high. Gold pared a gain while Bitcoinwhipsawed, initially scaling a fresh all-time high before declining. Oil steadied after a tumble caused partly by a surprise rise in U.S. stockpiles.
Concerns about a slowdown in China and property sector woes also continue to rattle investors. Quarterly revenue at Tencent Holdings Ltd. rose at the slowest pace since 2004 amid the country’s year-long crackdown on its technology sector. Meanwhile, China Evergrande Group looks set to avert default after paying overdue interest on three U.S. dollar bonds, while Kaisa Group Holdings Ltd. faces two dollar-bond interest payments this week.
US After Hours AFRM +27.9% jumps on earnings and AMZN expansion; OPEN +18.4%, ROOT +13.7%, ZIP +12.7%, SOFI +11.7% higher on earnings; BYND -18.9%, SDGR -14%, BMBL -8.6%, BRKS -4.4%, DIS -4.2% lower on earnings
Nikkei +0,47% Hang Seng -0,15% CSI +0,89% Shanghai +0,59% Shenzen +0,82%
Eur$ 1.1481 CNH 6.4037 CNY 6.4039 JPY 113.96 GBP 1.3420 CHF 0.9188 RUB 71.1930 TRY 9.9011 WTI$ 81.55 +0.26% Gold 1854 +0.25% BTC 64,750 +0.71% ETH
S&P +0,12% Nasdaq +0,27% EuroStoxx -0,25% FTSE +0,012% Dax -0,10% SMI -0.26%
Macro :
- Gensler Signals New Rules for Private Equity, Hedge Fund Fees
- Tesla Chair Calls on APEC to Tighten Vehicle Emission Standards
Keep an eye on :
- ARL GY : Aareal Rejects Petrus Demand for Partial Board Replacement
- ARL GY : Aareal Bank 3Q Operating Profit EU50M Vs. EU11M Y/y
- AGN NA : Aegon 3Q Pretax Loss EU107M
- AIR FP : Boeing Agrees to Settlement With Victims in Ethiopia Air Crash
- AKERBP NO : Aker BP Offering by Holders Aker, BP Prices at NOK310/Share
- ALFEN NA : Alfen 3Q Adjusted Ebitda EU9.7M Vs. EU7.5M Y/y
- MT NA : ArcelorMittal 3Q Ebitda Misses Estimates, ADDS $1B TO SHARE BUYBACK PROGRAM
- AR4 GY : Aurelius 9M Oper Ebitda EU181.4M Vs. EU100.2M Y/y
- AUSS NO : Austevoll Seafood 3Q Ebit Beats Estimates
- BAYN GY : Bayer-Monsanto Jury Awards $62 Million for Toxic PCBs at School
- BYW6 GY : BayWa 9M Ebit EU191.7M Vs. EU102.7M Y/y
- BC8 GY : Bechtle 3Q Pretax Profit Beats Estimates
- GBF GY : Bilfinger Names Schulz as Executive Board Chair Effective March
- BNP FP : BNP Unit Fined EU3M by French Bank Regulator Over Fees
- BRBY LN : *BURBERRY 1H RETAIL COMP SALES +37%, EST. +38%
- CA FP : French Antitrust Raids Target Large-Scale Food Retailers
- CALTX SS : Calliditas Therapeutics Cut to Hold at SEB Equities
- CBK GY : Erste Group May Buy Commerzbank’s Hungarian Unit, Telex Says
- DAI GY : Daimler Sold Stake in Renault for Proceeds of ~EU305m: Terms
- DHER GY : Delivery Hero Sees FY Total Seg. Rev. at Upper End of Range
- DIC GY : DIC Asset Sees FY FFO EU106M to EU110M
- ENGI FP : Engie Raises Outlook for Revenue, Profit on ‘External Tailwinds’
- EXS SS : Exsitec Holding Offering by Holder Prices at SEK210/Share
- EXS SS : Exsitec Holding Holder Standout Capital Holding Offers Shares
- FIE GY : Fielmann 3Q Sales Meet Estimates
- FLS DC : FLSmidth Names Mikko Keto Group CEO as Thomas Schulz Steps Down
- FRA GY : Fraport Oct. Frankfurt Airport Passengers +218.5%
- G IM : Generali 9M Net Rises on Life Segment, Asset Management Income
- GFT GY : GFT 9M Revenue EU405.4M Vs. EU327.0M Y/y
- ILTY IM : Illimity 3Q Net Income EU18.8M Vs. EU9.5M Y/y
- INH GY : Indus Holding Cuts FY Ebit Forecast
- KER FP : Kering Says Bottega Veneta Creative Head Daniel Lee to Leave
- SDF GY : K+S 3Q Revenue Beats Estimates
- LSG NO : Leroy 3Q Adjusted Ebit Misses Estimates
- LSEG LN : LSE Holder Offer Upsized to 5.03m Shrs; Books Closed: Terms
- MRK GY : Merck KGaA 3Q Rebif Sales Miss Estimates
- MITRA BB : Mithra Raises EU5.73m Issuing 314,162 Shares to LDA Capital
- MOR GY : MorphoSys 3Q Revenue Beats Estimates
- NG/ LN : Full Return of U.K.-France Power Cable Expected 10 Months Early
- NOKIA FH : Nokia Now Has 4,000 Patent Families Declared as Essential to 5G
- NEXI IM : Alpha Bank Sells Its Merchant Acquiring Business Unit to Nexi
- PAT GY : Patrizia Narrows FY Operating Income Forecast
- VOW GY : Porsche CEO Says EV Shift Progressing Faster Than Anticipated
- PST IM : *POSTE ITALIANE RAISES 2021 GUIDANCE
- POST AV : Austrian Post 3Q Ebit Beats Estimates
- QFUEL NO : Quantafuel Says Skive Progress on Track for Full Capability
- RNO FP : Daimler to Sell Entire Stake of About 9.2M Shares in Renault
- RIVN US : Electric truck maker Rivian soars to a $100 BILLION valuation in year's biggest stock market debut - topping GM and Ford even
- RWE GY : RWE Maintains FY Adjusted Ebitda EU3B to EU3.4B, Est. EU3.21B
- SBANK NO : Sbanken 3Q Net Income Misses Estimates
- SBMO NA : SBM Offshore Cuts FY Adjusted Revenue Forecast
- SU FP : Schneider Electric to Build Three Plants in North America
- G24 GY : Scout24 SE 3Q Oper Ebitda EU54.5M Vs. EU52.2M Y/y
- SGL GY : SGL 9M Sales Revenue EU743.5M Vs. EU683.5M Y/y
- SIE GY : Siemens Sees Slight Rise for 2022 Margins After Profit Beat
- SIKA SW : Sika to Buy Construction Chemicals Rival MBCC for $6 Billion
- SIX2 GY : Sixt 3Q Pretax Profit EU253.2M Vs. EU66M Y/y
- AM3D GY : SLM Solutions Sees 2022 Revenue At Least EU100m
- SON PL : Sonae 9M Net Income Rises to EU158m From EU4m Loss Y/y
- FGR FP : Spie in Exclusive Talks to Buy Worksphere in the Netherlands
- TSLA US : Elon Musk Sells $5 Billion of Tesla Stock After Twitter Poll
- TOD IM : Tod's 9M Sales EU622.6M
- VAR1 GY : Varta 9M Revenue EU622.3M Vs. EU630.3M Y/y
- VEI NO : Veidekke 3Q Net Income Beats Estimates
- VEZ GY : Vegan Food Is Supermarket Hit, But Stock Market Dud
- FHZN SW : Zurich Airport Oct. Passengers 1.61M Vs. 468,616 Y/y
- ZURN SW : Zurich Ins. 9M P&C Gross Written Premiums $31.15B