Asian stocks were mixed Thursday as China’s regulatory push sapped sentiment, overshadowing a Wall Street record on easing inflation that reduceé"d concerns about an imminent pull back in Federal Reserve stimulus.
Equities edged up in Japan and slipped in Hong Kong and China. U.S. contractswere little changed after the S&P 500 hit an all-time high and the tech-heavy Nasdaq 100 fell amid a rotation to cyclical shares. Ten-year Treasuries pared gains spurred by a strong auction and a U.S. inflation report that lent some support to the view that price pressures are transitory. The dollar held a drop. China released a five-year plan calling for greater business regulation as Beijing pursues a crackdown that has shaken investors. One of the latest steps is stepped up scrutiny of insurance technology platforms. The central bank also faces calls to cut interest rates as virus outbreaks hamper the economy. Credit in China expanded last month at the slowest pace since February 2020.
In the U.S., prices paid by consumers climbed at a slower pace in July but remained elevated. The inflation trajectory has implications for the Fed’s likely timeline for tapering bond purchases and President Joe Biden’s push for unified Democrat support for another $3.5 trillion in social spending. Some lawmakers fear more outlays could push up the cost of living. Investors are continuing to evaluate the implications of a likely Fed tapering announcement in the months ahead, the spread of the delta virus variant and China’s clampdown. Global stocks are up about 90% since the pandemic nadir in March 2020, spurring questions about how much further they can climb.
US After Hours OPEN +20%, HIMS +12% rise while LFST -23%, DIBS -19% decline after earnings
Nikkei -0,07% Hang Seng -0,30% CSI -0,78% Shanghai -0,24% Shenzen -0,42%
Eur$ 1,1743 CNH 6,4777 CNY 6,4766 JPY 110,40 GBP 1,3872 Gold 1751 WTI 6918 BTC 45,274 -1000 ETH 3135 -100
S&P -0,02% SMI Nasdaq -0,12% EuroStoxx +0,04% Dax +0,12%
Macro :
- China Signals More Regulation for Businesses in Coming Years
- Morgan Stanley Sees China Tech Slipping More in ‘Profound’ Shift
Keep an eye on :
Keep an eye on :
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- ARL GY : Aareal Bank Maintains FY Operating Profit EU100M to EU175M
- ATL IM : Atlantia’s Telepass May Hold IPO in 2024: Sole
- PST AV : Austrian Post Boosts FY Revenue Forecast
- AR4 GY : Aurelius 1H Oper Ebitda EU122.4M Vs. EU75.3M Y/y
- BELL SW : Bell 1H Ebit Beats Estimates
- BKG LN : Central London Landlords Face New Headache as Renters Stay Away
- CNE LN : Cairn Seeks Clarification From India on Settling Tax Dispute: ET
- COTN SW : Comet 1H Ebitda CHF44.3M
- CEC GY : Ceconomy Sees FY Adjusted Ebit EU210M to EU250M
- DEMANT DC : Demant 1H Ebit Beats Estimates
- DEZ GY : Deutz 2Q Revenue Beats Estimates
- DHER GY : *DELIVERY HERO RAISES FY TOTAL SEGMENT REVENUE GUIDANCE
- DTE GY : Deutsche Telekom Boosts Guidance as Germany Bolsters U.S. Growth
- EUZ GY : Eckert & Ziegler 1H Revenue EU89.5M
- FRA GY : Frankfurt Airport July Passengers +116% Y/y, -58.9% VS. 2019
- FNTN GY : Freenet 2Q Ebitda Beats Estimates, Freenet Boosts FY Ebitda Forecast
- G IM : Carlyle in Talks to Buy Stake in Prima Assicurazioni: Sole
- GFT GY : GFT 1H Revenue EU261.6M Vs. EU221.1M Y/y
- GLB ID : Glanbia 1H Revenue Beats Estimates
- HHFA GY : Hamburger Hafen Raises FY Revenue Guidance After 13% 1H Increase
- HEN3 GY : Henkel Boosts FY Organic Revenue Forecast
- HEX NO : Hexagon Composites 2Q Ebitda NOK71M
- JUN3 GY : Jungheinrich 2Q Revenue Matches Estimates
- SDF GY : K+S 2Q Revenue Beats Estimates
- MLP GY : MLP 1H Ebit EU31.4M Vs. EU18.8M Y/y
- M8G GY : Media and Games Invest Posts Worst Day Since March After Update
- NEL NO : Nel Gets $2.6m Pact for 1.25MW Electrolyzer From Utility in U.S.
- NN NA : NN 1H Operating Profit Beats Estimates, NN Says ‘Making Good Progress’ With Strategic Review for NN IP
- NTS NO : NTS Raises Norway Royal Salmon Offer Price to NOK240/Share
- NDX1 Gy : Nordex 1H Ebitda EU68.4M Vs. Loss EU70.8M Y/y
- NZYMB DC : Novozymes 2Q Net Income Beats Estimates
- NZYMB DC : Novozymes Invests DKK2 Billion in New Protein Production Line
- MGGT LN : TransDigm Confirms It Made Approach to Meggitt About Acquisition
- MGGT LN : TransDigm Confirms It Made Approach to Meggitt About Acquisition
- ROVIO FH : Rovio Entertainment to Buy Games Studio Ruby Games
- SFQ GY : SAF-Holland SE Boosts FY Adjusted Ebit Margin Forecast
- G24 GY : Scout24 2Q Oper Ebitda EU55.2M Vs. EU50.3M Y/y
- SGL GY : SGL 1H Sales Revenue EU496.7M Vs. EU456.5M Y/y
- SHLF NO : Shelf Drilling 2Q Adjusted Ebitda $34.4M
- SIP BB : Sipef 1H Operating Profit $50.1M Vs. $4.62M Y/y
- STMN SW : Straumann 1H Revenue Beats Estimates
- VLA FP : Valneva Starts Further Phase 3 Trial for Covid-19 Vaccine
- S92 GY : SMA Solar 1H Ebitda EU38M Vs. EU24M Y/y
- TUI1 GY : TUI 3Q Underlying Ebit Loss EU669.8M Vs. EU1.17B Loss Y/y
- FHZN SW : Zurich Airport July Passengers 1.37M Vs. 688,584 Y/y
- ZURN SW : Zurich Ins. 1H Operating Profit Beats Estimates