Asian stocks followed a rebound in the U.S. after Federal Reserve Chair Jerome Powell reassured investors the central bank will tackle inflation to extend the economic expansion. Hong Kong shares rose to the highest in about five weeks. Chinese technology stocks rallied as cheap valuations and the prospect of looser monetary conditions enticed buyers. Japan also gained, and Chinese shares edged higher after an inflation report fueled rate-cut calls to cushion an economic slowdown in the world’s second-largest economy. U.S. futures fluctuated after the S&P 500 halted a five-day slide and the Nasdaq 100 outperformed. Treasuries found support after a solid three-year note sale. The yield on the 10-year note held a drop, while the curve flattened. The dollar resumed a slide, while oil prices held gains. Powell told the Senate Banking Committee that officials won’t hesitate to act if needed to contain price pressures. He also said the Fed will probably start shrinking its balance sheet this year. He noted the runoff would be quicker than the last time the central bank reduced asset purchases because the economy was in a much stronger position. The next focus for traders is Wednesday’s U.S. consumer price index print that is expected to show unrelenting price pressure. Strategists from Goldman Sachs Group Inc. to UBS Global Wealth Management seem unperturbed by equities’ rocky start to 2022, reiterating their bullish calls on bets that stocks can weather higher rates and rising bond yields. Elsewhere, Bitcoin traded above $42,500 after its roughest start to a year and ominous technical indicators. US After Hours BIIB -7.1% falls as Medicare reportedly to limit coverage for Aduhelm; LLY -1.7% down in sympathy; SRLP +7.3% gets takeout bid
Nikkei +1.92% Hang Seng +2.60% CSI +0.91% Shanghai +0.76% Shenzen +1.32%
Eur$ 1.1374 CNH 6.3699 CNY 6.3645 JPY 115.34 GBP 1.3644 CHF 0.9234 RUB 74.3430 TRY 13.7403 WTI$ 81.38 +0.20% Gold 1,821.28 -0.02% BTC 42,665 -0.05% ETH 3,228 -0.10%
S&P +0.16% Nasdaq +0.25% EuroStoxx +0.82% FTSE +0.68% Dax +0.68% SMI+0.52%
Macro :
- Brevan Howard Makes Hedge Fund Clients Commit Cash For Longer
- Brevan Howard Makes Hedge Fund Clients Commit Cash For Longer
- Nickel and EV Battery Stocks Rise as Metal Hits Nine-Year High
- Jeffrey Gundlach’s ‘Just Markets’ Webcast: TOPLive Takeaways
Keep an eye on :
Keep an eye on :
- ANA SM : *ACCIONA PLANS TO PLACE 8% STAKE IN RENEWABLES UNIT: CINCO DIAS
- AAPL US : Apple Officials Held Meetings With Korean Auto Parts Makers: ET
- BO DC : *Bang & Olufsen Backs FY Guidance
- BDEV LN : Barratt Holders Offer Up to 9m Shares via Goldman Sachs: Terms
- BDEV LN : Barratt Holders Offer Up to 9m Shares via Goldman Sachs: Terms
- CCL LN : Carnival Corp. Unit Pleads Guilty to Probation Violation: DOJ
- CLIN LN : Triton’s $2 Billion Takeover of U.K.’s Clinigen Supported by ISS
- COR PL : Corticeira Amorim Agrees to Acquire 50% of Saci for EU49m
- DISH US : DirecTV, Dish in Merger Talks Again: New York Post
- ECV GY : Encavis Asset Management Buys 56.3MW Spanish Solar Park
- EQNR NO : Equinor Books $1.8 billion Impairment Cost at U.K. Oil Field
- ETEVP BB : Etex Buys Insulation Maker Ursa From Lone Star’s Xella; No Terms
- FB US : U.S. Gets ‘Second Time Lucky’ in Reviving Facebook Monopoly Case
- ITX SM : Fast Retailing, Which Operates Uniqlo Stores, Tipped to Post 1Q Net Profit Gain of 3.3%
- IIA AV : CPI Property Group to Publish Immofinanz Share Offer on Jan. 12
- TKWY NA : Just Eat Takeaway 4Q Orders Misses Estimates
- NDX1 GY : Nordex Gets 43 MW Order From RWE Renewables Iberia
- OVH FP : OVHcloud 1Q Rev. Rises 13.5% Like-for-Like, Keeps Targets
- PNDORA DC : Pandora Postpones Most of Chinese Investment, MarketWire Reports
- PHIA NA : Philips Prelim 4Q Revenue About EU4.9B, Est. EU5.22B, Blames Supply Chain Woes, Recall for Sales Decline
- PHNX LN : Phoenix Group Holder Swiss Re Offers About 66m Shares
- PMAG AV : Pierer Mobility Sees FY Revenue EU2.02B to EU2.04B, Est. EU2.03B
- PUUILO FH : Puuilo Holder Adelis Equity Partners Offers Shares: Terms --> Priced @ EU7.9/Share
- PUUILO FH : Puuilo Holder Adelis Equity Partners Offers Shares: Terms --> Priced @ EU7.9/Share
- RLF SW : Relief Acknowledges Lawsuit Filed by NeuroRx Over Pact Breach
- RXL FP : Rexel Boosts FY Same-day Sales Forecast
- ROG SW : Roche Starts Cobas Pulse System in Countries Accepting CE Mark
- SAN FP : Sanofi Expects First Interesting Omicron Vaccine Data By Spring
- STAN LN : StanChart Mulls Wealth Management Unit in China Expansion
- TW/ LN : Taylor Wimpey Holder Offers 85m Shares via Goldman Sachs: Terms
- TMV GY : TeamViewer Prelim FY Adjusted Ebitda EU254M to EU257M
- TSLA US : Teen Hacker Claims to Have Taken Control of 25 Teslas Worldwide
- VACN SW : VAT Prelim FY Adjusted Ebitda Margin Above 34%
- VOZ GY : Nickel and EV Battery Stocks Rise as Metal Hits Nine-Year High