Shares declined in Asia following a fourth straight drop in US equities amid persistent concern that rising interest rates and geopolitical threats will crimp global growth. Stocks slumped in Japan, South Korea and Taiwan, led by chipmakers, as trading resumed after holidays in the wake of fresh curbs on China’s access to US technology. Shares in Hong Kong extended declines. US futures fell. A measure of dollar strength held near the highest this month and the yen traded within sight of the original level that spurred Japanese authorities to defend the currency in September. Yield on the 30-year Treasury rose to the highest since 2014 as trading in US government bonds resumed following a break for Columbus Day. The 10-year yield climbed 10 basis points to 3.98%. Investors parsed comments from Federal Reserve officials for any signs of a let up in the central bank’s hawkish stance. Vice Chair Lael Brainard laid out a case for caution, noting that previous rate increases were still working through the economy. Chicago Fed President Charles Evans said he wants to quickly get to a point where policy makers can feel comfortable pausing in order to reduce the risk of overshooting.
The mood remains fragile ahead of Thursday’s US inflation data, with the case for another 75 basis-point rate hike likely to be strong if the data comes in hotter-than-expected. Russian President Vladimir Putin threatened further missile attacks on Ukraine after hitting Kyiv and other cities in the most intense barrage of strikes since the first days of its invasion, marking a dangerous new escalation in the war. US After Hours Quiet after hours; LEG -8.2% on reduced FY22 EPS and sales outlook; ZS -3.6% on its President resigning.
Nikkei -2,34% Hang Seng -1,36% CSI+0,16% Shanghai +0,01% Shnzen +0,33%
Eur$ 0,9684 CNH 7,1881 CNY 7,1884 JPY 145,81 GBP 1,1035 CHF 1,0008 RUB 63,2805 TRY 18,6331 WTI$ 90,54 -0,50% Gold 1,664,4 -0,25% BTC 19,040 -1,2% ETH 1,275
S&P -0,54% Nasdaq -0,51% EuroStoxx -0,51% FTSE -0,54% Dax -0,43% SMI -0,13%
Macro :
- Israel Says Closing in on Deal With Lebanon Over Sea Border
- Goldman Sachs Says Too Early to Factor a Fed Pivot Into Markets
- PBOC’s New Helicopter Money Isn’t Policy Panacea: China Today
- Portugal to Start Taxing Crypto Gains in Next Year’s Budget Plan
- Brainard Says Fed Monitoring Liquidity Which Is a Little Fragile
- Insurers Pay $100 Billion in Climate-Change Weather Claims
Keep an eye on :
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- AB FP : AB Science Gets First Authorizations for Phase 3 for Masitinib
- AIR FP : Airbus Delivered 55 Jets in September, Making 2022 Target Tough
- AZN LN : AstraZeneca Nasal Spray Vaccine for Covid Fizzles in Early Trial
- AR4 GY : Aurelius Sells Ex-Bayer CropScience Unit to Safex for ~EU83M
- BMPS IM : Paschi to Proceed With €2.5 Billion Share Sale as Planned
- DEN US : Exxon Is Said to Weigh Takeover of Denbury
- DUST SS : Dustin CEO Thomas Ekman to Step Down in 2023
- FAST NA : Fastned 3Q Revenue Related to Charging EU10.1M
- GIVN SW : Givaudan 3Q Sales Meets Estimates
- LDO IM : Leonardo Gets $579 Million Contract for Thermal Weapon Sights
- BOLS NA : Lucas Bols, De Kuyper to Sell Avandis JV to Refresco for €25M
- NDX1 GY : Nordex Got New Order From Ignitis for 137 MW Wind Farm in Poland
- PHARM NA : Pharming Submits Pipeline Hope Leniolisib to EU Regulator
- REP SM : Repsol 3Q Refining Margin $12.7/Bbl vs $3.2 Year Earlier
- SKAB SS : Skanska to Improve Subway Stations in New York for SEK1.5b
- SOLB BB : Solvay, Hastings Sign Supply MOU for Mixed Rare Earth Carbonate
- TIT IM : Italy, Macquarie Need More Time For Telecom Italia Network Bid
- TWTR US : Musk Sued by Twitter Investor Over ‘Fraudulent’ Buyout Flip-Flop
- TWTR US : Market Sees a 60% Chance Twitter Deal Makes Deadline, Cowen Says
- TWTR US : Sequoia Capital, Binance Stand by Funding Musk Deal: Information
- VAR NO : Var Cuts 2022 Production Guidance to 220,000 to 225,000 BOE/Day
- VTWR GY : Brookfield, DigitalBridge Said to Weigh Bid for Stake in Vantage
- WBD IM : Pre-Covid Construction Contracts Are Unworkable, Webuild Says