Asian stocks climbed Monday, helped by rallies in Japan and Chinese technology shares, while crude oil surged past $80 a barrel amid a global energy crunch.
Japanese shares were boosted by a weaker yen and Prime Minister Fumio Kishida’s comments that he isn’t considering capital-gains tax changes at present. A Hong Kong gauge of Chinese tech equities jumped more than 3% on easing concerns about Beijing’s crackdown on internet platforms after food delivery giant Meituan received a lower-than-expected antitrust fine.
U.S. futures fell after Wall Street declined Friday on disappointing jobs growth data that also showed a jump in earnings. Wage gains and higher energy costs are stoking inflation and supporting the case for tighter monetary policy to tackle inflation, including a looming reduction in Federal Reserve stimulus.
West Texas Intermediate crude was at the highest since 2014, while China’s coal futures reached a record as flooding shuttered mines. Treasury futures fell, after the 10-year U.S. Treasury yield advanced past 1.6% Friday. There’s no cash Treasuries trading Monday due to a U.S. holiday. The dollar edged up.
Goldman Sachs Group Inc. economists cut their forecasts for U.S. growth this year and next, blaming a delayed recovery in consumer spending. The declines were mostly offset by upgrades to projections for the following two years.
In cryptocurrencies, Bitcoin was steady, trading around $56,000.
Nikkei +1,58% Hang Seng +2,23% CSI +0,47% Shanghai +0,38% Shenzen -0,08%
Eur$ 1.1572 CNH 6,4405 CNY 6.4377 JPY 112,67 GBP 1,3637 CHF 0.9285 RUB 71.8363 TRY 8.9665 WTI$ 80,86 +1,35% Gold 1,756.59 -0,2% BTC 56,420 +985 ETH 3,512 -2
S&P +0,01% Nasdaq -0,08% EuroStoxx +0,13% FTSE +0,12% Dax +0,14% SMI+0,59%
Macro :
- Goldman Cuts U.S. Growth Forecasts for 2021 and 2022 on Consumer
- California Fire Threat Returns With Diablo Winds and Power Cuts
- Stablecoins Added to Agenda of U.S. Financial Stability Watchdog
- World’s Energy Chaos Turns Russia Into Top Emerging-Market Pick
- German Greens and Liberals Spar Over Budget Before Monday Talks
- U.S. Bank Stocks May Be Too Hot With Earnings Season Nearing
- U.S. Arrests Couple on Spy Charges to Sell Nuclear-Sub Data
- Magnitude 6.2 Earthquake Strikes Near Hawaii :USGS
Spac :
- Billy Beane’s RedBall SPAC Said to Near Deal With SeatGeek
Keep an eye on :
- ADL GY : LEG Immobilien to Buy Some Adler Assets for EU1.485b
- ALV GY : California Fire Threat Returns With Diablo Winds and Power Cuts
- AAPL US : Justice Department Accelerates Apple App Store Probe, DJ Reports
- AZPN US : Emerson Plans to Bid Around $160/Shr for Aspen Technology: DJ
- AV/ LN : Aviva, Tesco Want U.K. to Mandate Corporate Net-Zero Plans
- BSLN SW : Basilea Presents Preclinical Data on Derazantinib, Paclitaxel
- BAYN GY : Blackstone, CVC Said Among Suitors for Bayer Pest Control Unit
- BIO GY : Biotest: Trimodulin Benefited Hospitalized Covid-19 Patients
- EN FP : Spie to Sell Equans Assets Outside Europe If Bid Succeeds: Echos
- BP/ LN : BP-Backed Energy Supplier Pure Planet Is Close to Collapse: Sky
- CA FP : Auchan Talks to Buy Carrefour Are Said to Stall Over Price
- CA FP : Reuters: Auchan not planning hostile bid after Carrefour ends talks -Les Echos https://t.co/6ocYGdhPSN https://t.co/hunDCr1CH6
- CGG FP : CGG Prelim 3Q Segment Revenue $270M
- EVT GY : Evotec Files for U.S. IPO, Seeks Nasdaq Listing Under ‘EVO’
- GALP PL : Galp 3Q Average Working Interest Production 128.2 Kboepd
- HOT GY : Flatiron JV Wins Contract for $433 Million I-95 Widening Project
_ IBE SM : Spain Minister to Meet with Iberdrola CEO Galan: Confidencial
- ICAD FP : Icade Healthcare Europe Acquires Assets in Italy and France
- IDIA SW : Idorsia: Modify Study of Lucerastat Didn’t Meet Primary Endpoint
- INDUA SS : Industrivarden 3Q NAV/Shr SEK295 Vs. SEK258 Y/y
- LEG GY : LEG Immobilien to Buy Some Adler Assets for EU1.485b
- MB IM : Del Vecchio “Pleased” Mediobanca Improved Governance Standards
- MEDX SW : Medmix 3Q Orders CHF132.8M, Up 21% Organic Y/Y; Confirms Outlook
- MEDX SW : Medmix Plans Dividend for Next Year and M&A, CEO Tells FuW
- OCDO LN : AutoStore Loses Bid to Challenge Ocado Robot Warehouse Patent
- REE SM : KKR, Allianz Interested in Red Electrica Fiber-Optic: Expansion
- IOT IM : Italy’s Seco Acquires Garz & Fricke Group for About EU180m
- SEYE SS : Smart Eye Drops After Shareholders Approve Dilutive Incentives
- SQI FP : DBAY Advisors Raises Sqli Tender Offer Price to EU31/Shr
- TSLA US : Musk Says Tesla Software Update Delayed by a Few Days
- UCG IM : UniCredit Resolves Dispute on Swap Transactions With Sicily
- VWS DC : Vestas to Build Factory, FLSmidth Wins Order in India: PM Office