Stocks and U.S. equity futures fell Tuesday, hurt by concerns about elevated inflation stoked by energy costs and the possibility of a widening Chinese crackdown on private industry. Treasury yields were steady.
MSCI Inc.’s Asia-Pacific index snapped a three-day climb, with the technology sector leading losses and South Korea underperforming. Signs that Beijing is widening its scrutiny of private and state enterprises soured the broader mood. U.S. and European futuresretreated following declines in U.S. shares as the prospect of a slowing recovery from the pandemic shadowed trading.
Oil held above $80 a barrel amid a power crisis from Europe to Asia. China’s thermal coal futures surged to a record for a second day. The energy crunch is squeezing supplies of aluminum, whose price hit a 13-year high. Other industrial metals have also rallied, fueling inflationary pressures.
Global markets are struggling to shake off worries that inflation spurred by an energy crunch and pandemic-related supply-chain snarls will sap company profits and economic expansion. Financial firms this week will kick off the third-quarter earnings season, heralding a key test of investor confidence.
Traders are also awaiting reports on the U.S. consumer-price indexand retail sales. The figures will help inform expectations about the likely timeline for Fed tapering and any eventual rate hikes.
US After Hours MATX +5.1% higher on bullish guidance; QTRX up +19.9% after receiving FDA Breakthrough designation
Nikkei -0,79%% Hang Seng -1,02% CSI -1,20% Shanghai -1,53% Shenzen -1,87%
Eur$ 1,1558 CNH 6,4556 CNY 6,4529 JPY 113,29 GBP 1,3596 CHF 0,9278 RUB 71,8623 TRY 8,9994 WTI$ 80,45 Gold 1756 BTC 56,950 -0,73% ETH 3491
S&P -0,47% Nasdaq -0,53% EuroStoxx -0,91% FTSE -0,57% Dax -0,80% SMI -0,55%
Macro :
Macro :
- Morgan Stanley Sees Stocks Suffering on Souring Consumer Outlook
- Crypto Stocks Rise as Bitcoin Climbs to Highest Level Since May
- Crypto Stocks Rise as Bitcoin Climbs to Highest Level Since May
- Macron to Unveil Investment Plan of Up to EU50B, Les Echos Says
- Roubini Says Fed May ‘Wimp Out’ on Tightening Despite Inflation
Keep an eye on :
Keep an eye on :
- AIR FP : Airbus Books One Order, No Cancellations in September
- AKH NO : Aker Horizons Sells 42m Aker Carbon Capture Shrs at NOK23.8/Shr
- ALO FP : Alstom Wins Contract for Line 18 France Automatic Metro System
- COK GY : Cancom to Buy Back Up to 3.5 Million Treasury Shares
- DAI GY : Mercedes Weak 3Q Sales May Represent Low Point for EU Automakers
- DLAR LN : De La Rue Sees Earnings in Line With Expectations
- DSV DC : DSV Boosts FY Ebit Before Significant Items View, Beats Est.
- ELUXB SS : Electrolux to Acquire Unified Brands for SEK2.14 Billion
- FAST NA : Fastned 3Q Revenue Related to Charging EU3.2M Vs. EU1.6M Y/y
- GXI GY : Gerresheimer 3Q Adjusted Ebitda Misses Estimates
- GIVN SW : Givaudan 3Q Like-for-like Sales Beat Estimates
- IHG LN : IHG in Talks to Find Successor to Chairman Patrick Cescau: Sky
- LONN SW : Lonza Sees 2021 Capex at ~25% of Sales; Updates 2024 Guidance
- LHA GY : Lufthansa Pays Back $1.7 Billion of Germany’s Silent Stake
- LHA GY : Lufthansa Pays Back $1.7 Billion of Germany’s Silent Stake
- PGHN SW : TA Associates to Buy 25% of Partners Group Unit Foncia; No Terms
- PHIA NA : Philips’s Breathing-Device Lawsuits Over Toxic Foam Move Forward
- SOBI SS : Sobi Prelim 3Q Revenue Beats Estimates
- SOBI SS : Sobi Prelim 3Q Revenue Beats Estimates
- GLE FP : SocGen Retail Merger With Credit Du Nord on Track
- STLA IM : Stellantis Plans to Turn Turin Factory Into an Electric Car Hub
- FTI FP : TechnipFMC Gets Substantial Long-Term Contract by Petrobras
- TRYG DC : Tryg 3Q Profit After Tax Misses Estimates; FY Outlook Kept
- XIOR BB : Xior Buys 32.36% Stake in Quares; to Launch Tender Offer