Asian equities traded mixed Tuesday after U.S. stocks fell for the first time in five sessions with prices near all-time highs. The dollarextended its climb as Treasury yields reached the highest level since March.
Shares were steady in Japan but slid in South Korea after a sharp rally this year. S&P 500 and European futures were little changed. Malaysia’s stocks and currency fell after it declared a state of emergency to help fight a jump in coronavirus cases. Bitcoin steadied after dropping as much as 20% on Monday. Gold halted a losing run, and West Texas Intermediate oil held near $52 a barrel.
With 10-year Treasury yields at about 1.15%, investors are assessing potential risks to the current environment of easy financial conditions and how that could reset expectations for a range of asset classes. Yields have risen on bets that Democratic lawmakers will enact big spending packages to drive the economic recovery out the pandemic.
US After Hours Seeing some movers from earnings/guidance: VOXX +62.6%, MATX +9%, GNMK +6.7%; WMT +1.4% rises as it creates fintech startup
Nikkei +0.07% Hang Seng +0.95% CSI +2.61% Shanghai +1.95% Shenzen +1.64%
Eur$ 1.2144 CNH 6.4699 CNY 6.4706 JPY 104.30 GBP 1.3530 CHF 0.8912RUB 74.7417 TRY 7.4755 WTI$ 52.17 -0.02%
S&P +0.14% Nasdaq +0.19% EuroStoxx +0.17% FTSE +0.11% Dax +0.16% SMI +0.15%
Macro :
- Euro Area Heads for Double-Dip Recession as Lockdowns Drag On
- U.K. Faces Harder Lockdown Restrictions as Covid Infections Soar
- Italy’s Coalition at Risk With Former Leader Threatening to Quit
- FED'S KAPLAN SEES U.S. GDP SHRINKING 2.25% TO 2.5% IN 2020
- Chris Rokos’s Macro Hedge Fund Surges 44% in Best Year Ever
Keep an eye on :
- AIR FP : Former Airbus CEO Joins Board of Electric-Flight Startup Lilium
- BO DC : B&O 2Q Revenue DKK693M
- BME LN : B&M European Value Retail Holder to Sell Up to 40m Shares, Expected to Price at 545p
- BILL SS : Billerudkorsnas Proposes Jan Svensson as New Chairman
- EN FP : Bouygues Wins Rhode Island Tunnel Contract Worth EU256M
- BC IM : Brunello Cucinelli FY Revenue Beats Estimates
- CGG FP : CGG Prelim 4Q Segment Revenue $282M
- DBK GY : Trump’s Long-Favored Banks Pull Back Amid Fallout From D.C. Riot
- EGL PL : Mota Signs $1.8b Contract for Railway Project in Nigeria, Niger
- EUCAR FP : Europcar Financial Safeguard Proceedings Extended (Earlier)
- FBK IM : FinecoBank to Grow on Standalone Basis, No M&A: CEO Tells Sole
- F US : Ford Sees $4.1 Billion Charge on Three Brazil Plant Closures
- GRE SM : Grenergy Closes $91M Senior Secured Facilities Led by Natixis
- HOME SM : Neinor to Buy Rival Quabit in All-Share Deal in Expansion Drive
- INRW SW : Interroll Names Ingo Steinkrueger CEO From May 1
- LUN DC : Lundbeck, Rigshospitalet Form Partnership on Brain Diseases
- MKS LN : Marks & Spencer to Acquire Jaeger: FT
- MAERSKB DC : Maersk Sees Little Change in Tight Shipping Supply in Foreseeable Future
- NIO US : NIO to Offer $1.3B Conv Sr Notes
- PRY IM : Prysmian 10m Share Sale by Clubtre Order Book Is Covered: Terms,
- PUB FP : Publicis Wins L’Oreal China Media Account in 3-Yr Contract
- S30 FP : Solutions 30 Signs EU210M Contract With Telecom Italia
- SAS SS : SAS CEO Gustafson Will Depart by July 1 After 10 Years in Role
- SGRE SM : Siemens Gamesa Starts Proceedings to Close Spanish 2 Plants
- SIKA SW : Sika FY Sales Meet Estimates
- SKFB SS : SKF Names Rickard Gustafson as President, CEO
- STM FP : TSMC’s Surging Profit Cements Kingpin Role in Global Chip Crunch
- SEV FP : Hong Kong’s New World to Raise $840 Million From Asset Sales
- TIT IM : Solutions 30 Signs EU210M Contract With Telecom Italia
- UBER US : SoftBank Sold 38m Uber Shares at $53.46/Share, Holds 184.2m
- UBSG SW : UBS Set to Double Asset Management Footprint in China Expansion
- UBSG SW : UBS to Close One in Five Swiss Retail Branches, NZZ Reports
- VOW3 GY : Volkswagen Considers Recall of All New Golf Vehicles, FAZ Says
- WOSG LN : Apollo to Sell GBP220m Stake in Watches of Switzerland: Terms