Asian stocks slid along with U.S. and European equity futures Wednesday amid concern that faster inflation and the surge in commodities could test the economic recovery from the pandemic.
Taiwan’s benchmark dropped as much as 8.6% on a tech rout and Covid-19 curbs, with margin calls also taking some blame. An Asia-Pacific stock gauge was set for its lowest close since January. Nasdaq 100 futures underperformed after dip buyers helped the tech-heavy gauge finish little-changed overnight. The S&P 500 slid for a second day.
Treasury yields were steady and the dollar rose. Investors are awaiting inflation data and government debt sales in the U.S. -- events that could spark market volatility. Consumer-price inflation is set to quicken, with the year-on-year comparison amplified by the shock of Covid-19 shutdowns in 2020.
US After Hours Summary: FUBO +25.4%, UPST +18%, U +3.8% higher on earnings; SLQT -8.8%, LMND -7.8%, VZIO -5.8%, GO -5.5% lower on earnings; INTU +1.8% lowered AprQ guidance but expects to exceed FY21 guidance
Nikkei -1.36% Hang Seng +0.14% CSI -0.03% Shanghai +0.16% Shenzen +0.32%
Eur$ 1.2118 CNH 6.4392 CNY 6.4406 JPY 108.88 GBP 1.4110 CHF 0.9058 RUB 74.2050 TRY 8.31 WTI$64.98 -0.45% Gold 1,827.25 -0.55% BTC 57,850 +1790
S&P -0.54% Nasdaq -0.76% EuroStoxx -0.48% FTSE -0.28% Dax -0.34% SMI -0.08%
Macro :
Macro :
- SEC Urges Caution on Funds With Exposure to Bitcoin Futures
- France Says Talks to Resume With Jersey on Fishing Licenses
- Israel, Hamas Escalate Deadly Strikes as U.S. Calls for Calm
- Ark Funds Buy Palantir, Berkeley Lights; Sell Workhorse, Adyen
- Moore Capital Joins March to Florida With New Office in Miami
- Netherlands Pledges $2.6 Billion Subsidy to Bury CO₂ Under the Sea
Spac :
- Thyssenkrupp Considers IPO, SPAC for Hydrogen Business: Reuters
- SPAC Mania Gives Way to ‘Meh’ as ETFs Drop Toward All-Time Lows
Keep an eye on :
Keep an eye on :
- ABN NA : ABN AMRO 1Q Operating Income Misses Estimates
- ADYEN NA : Ark Funds Buy Palantir, Berkeley Lights; Sell Workhorse, Adyen
- AED BB : Aedifica 1Q Net Rental Income EU53.4M Vs. EU44.1M Y/y
- AGS BB : Ageas 1Q Insurance Net EU318M Vs. EU113M Y/y
- AD NA : Ahold Delhaize 1Q Adjusted Operating Margin Beats Estimates
- ALFEN NA : Alfen Maintains FY Revenue EU225M to EU250M
- ALV GY : Allianz Posts 45% Jump in Profit as Baete Vows to Restore Growth
- AAL LN : Anglo American Eyes Bigger Iron Ore Exposure With Cashmere MoU
- BAYN GY : Huma Raises $130M, Led by Leaps by Bayer, Hitachi Ventures
- BAYN GY : Bayer 1Q Adjusted Ebitda Beats Estimates
- BEKB BB : Bekaert 1Q Revenue EU1.13B Vs. EU977M Y/y, Bekaert to Propose Introduction of Double Voting Rights to EGM
- BEFB BB : Befimmo 1Q Adjusted EPS EU0.68 Vs. EU0.77 Y/y
- BEFB BB : Befimmo 1Q Adjusted EPS EU0.68 Vs. EU0.77 Y/y
- BNP FP : Interactive Brokers Plans Brokerage Unit in China: Chinanews
- CCL LN : Carnival Hopes to Begin Sailings on 3 Ships From Florida, Texas
- ALCLS FP : Cellectis, Sanofi in Alemtuzumab Partnership, Supply Pact
- CWC GY : Cewe Stiftung 1Q Sales EU145.9M Vs. EU146.4M Y/y
- CGG FP : CGG 1Q Segment Revenue Misses Estimates
- CBK GY : Commerzbank 1Q Net Income Beats Estimates
- DAI GY : Daimler Looks to Hire 3,000 Software Engineers, CEO Tells FT
- DHER GY : Delivery Hero to Start Work in Berlin, Expand in Germany
- DAI GY : Nissan Expects to Book 76.1b Yen Gain From Daimler Stake Sale
- BN FP : Danone to Pick Antoine de Saint-Affrique as Next CEO: Les Echos
- DTE GY : Deutsche Telekom Raises 2021 Forecast
- DWNI GY : Deutsche Wohnen 1Q Profit EU199.7M
- EDF FP : EDF Maintains FY Ebitda Above EU17B, Est. EU17.28B
- EQNR NO : Equinor Plans to Expand Its Baltic Offshore Portfolio: Puls
- RF FP : Eurazeo to Invest About EU65m in Cybersecurity Company I-Tracing
- RF FP : Eurazeo Gets $190m from Sale of 49% of Trader Interactive Stake
- FREJA SS : Freja Eid Group Offering of 933,000 Shares Prices at SEK75/Share
- GSF NO : Grieg Seafood 1Q Ebit Loss Misses Estimates
- HHFA GY : Hamburger Hafen 1Q Ebit Margin 13.3% Vs. 10.9% Y/y
- HLAG GY : Hapag-Lloyd 1Q Net Income EU1.20B Vs. EU25M Y/y
- HEX NO : Hexagon Composites 1Q Ebitda NOK87M
- INH GY : Indus Holding 1Q Revenue EU400.4M Vs. EU401.2M Y/y
- INPST NA : InPost Signs Pact for Up To PLN1b Bond Program
- IPN FP : Ipsen Join Exelixis in Developing Cabometyx for Thyroid Cancer
- KWS GY : KWS Saat 9M Ebit EU193.4M Vs. EU184.3M Y/y
- LXS GY : Lanxess 1Q Adjusted Ebitda Beats Estimates
- LEO GY : Leoni Raises Full-Year Sales, Earnings Forecast
- MDM FP : Maisons Du Monde 1Q Like-for-like Sales +36.6% Vs. -18.8% Y/y
- MRK GY : Merck KGaA FY Adjusted Ebitda Forecast Beats Estimates
- METN SW : Metall Zug Sees 1H Ebit of More Than CHF10M
- MONT BB : Montea 1Q Adjusted EPS EU0.96 Vs. EU0.79 Y/y
- NEOEN FP : Neoen Maintains FY Ebitda EU295M to EU325M, Est. EU312.4M
- NP3 SS : NP3 Fastigheter Registers 7M Shares
- ORA FP : Orange Looking Into Purchasing Tower Co. TDF: Les Echos
- PAT GY : Patrizia 1Q Operating Income EU26.5M Vs. EU24.7M Y/y
- PAT GY : Patrizia 1Q Operating Income EU26.5M Vs. EU24.7M Y/y
- PST IM : Poste Italiane 1Q Net Income Beats Estimates
- PSM GY : ProSieben Boosts FY Adjusted Ebitda, Revenue Forecast
- PRX NA : Prosus to Make Voluntary Share Exchange Offer to Naspers
- PUB FP : Amazon Advertising, Publicis Media Team Up on OTT Upfront
- SALM NO : Salmar 1Q Operating Ebit Beats Estimates
- SAP GY : SAP Chair Had Undisclosed Link to Company’s Joint Venture: FT
- SBBB SS : SBB Acquires Properties for SEK2.5b, Sells for SEK1.7b
- SBMO NA : SBM Offshore Maintains FY Adjusted Revenue About $2.6B
- S92 GY : SMA Solar 1Q Sales EU240M
- SMHN GY : Suess MicroTec 1Q Ebit EU1.4M Vs. Loss EU5.60M Y/y
- O2D GY : Telefonica Deutschland 1Q Adjusted Oibda Beats Estimates
- TGS NO : TGS 1Q Ebitda Misses Estimates
- TGS NO : TGS Buys Offshore Wind Data Provider 4C Offshore
- TKA GY : Thyssenkrupp Considers IPO, SPAC for Hydrogen Business: Reuters
- UBI FP : Ubisoft Sees 2022 Non-IFRS Operating Profit EU420M to EU500M
- VAR1 GY : Varta 1Q Revenue EU204.3M Vs. EU198.5M Y/y
- ZURN SW : Zurich Ins. 1Q P&C Gross Written Premiums $11.03B Vs. $9.68B Y/y