The dollar erased an advance and the pound swung to a gain after a report that raised the prospect of the Bank of England extending its emergency bond buying. US stock futures jumped and Asian equity markets pared losses amid a shift in risk sentiment. The Financial Times report indicated the BOE had briefed bankers that its bond buying program to stave off a crisis in UK pensions could persist beyond its Oct. 14 deadline. This ran counter to comments on Tuesday from the central bank’s governor urging investors to prepare for the program to stop this week. The unwinding in market moves on Wednesday pulled back the dollar while shares in Australia and South Korea edged higher. Equities in Hong Kong remained down. The changes failed to move the yen, which remained around levels that have previously triggered intervention as investors prepare for higher US rates while the Bank of Japan sticks with ultra-easy policy.
The drop in Chinese stocks came after little support was seen from aggregate financing and new yuan loans data that both beat consensus estimates by a wide margin. The outlook for China’s economy, which is struggling with Beijing’s Covid curbs and headwinds in the technology and property sectors, continues to cast a shadow over markets in Asia. Oil dropped for a third day on escalating concerns about a global slowdown, with US President Joe Biden saying a recession was possible. Russian President Vladimir Putin threatened further missile attacks on Ukraine after hitting Kyiv and other cities in the most intense barrage of strikes since the first days of its invasion.
Nikkei +0.00% Hang Seng -2.26% CSI -1.55% Shanghai -1.35% Shenzen -1.35%
Eur$ 0.9708 CNH 7.1745 CNY 7.1718 JPY 146.27 GBP 65.0548 CHF 0.9967 RUB 65.0548 TRY 18.5824 WTI$ 88.72 -0.71% Gold 1,667.25 +0.05% BTC 19,093 +0.39% ETH 1,291.79 +0.78%
S&P +0.62% Nasdaq +0.78% EuroStoxx +0.15% FTSE +0.08% Dax +0.23% SMI -0.12%
Macro :
- BofA Inflows Suggest Investors Think Stocks Are Nearing a Bottom
- Greenlight’s Einhorn Says Value Investing Might Never Come Back
- Semiconductor Selloff Is Scary and History May Not Help
Keep an eye on :
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- AAL LN : Quellaveco to Operate as Court Reviews Water Rights: Minister
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- BMPS IM : Paschi, Treasury, Banks Still Working on Capital Hike Accord
- BNP FP : BNP Acquires Fintech Kantox to Offer Currency-Management Tool
- BOSN SW : Bossard 9M Sales CHF877.6M Vs. CHF744.3M Y/y
- BP/ LN : Mauritania Signs Gas Agreement With BP, Kosmos Energy
- CYAD BB : Celyad to Discontinue Development of CYAD-101
- EBK GY : EnBW May Get Bids for 49.9% TransnetBW Stake on Wednesday: HB
- EFGN SW : EFG: Positive NNA, Increased Profitability in First 9 Months
- FLTR LN : DraftKings CEO Sees California Sports Betting Approval in 2024
- ETL FP : Eutelsat 1Q Revenue Meets Estimates
- GXI GY : Gerresheimer 3Q Adjusted Ebitda Beats Estimates
- KCO GY : Kloeckner FY Adjusted Ebitda Forecast Misses Estimates
- LEON SW : Leonteq Issues Statement on Media Article Published Oct. 10
- MC FP : LVMH 3Q Fashion & Leather Organic Sales Beats Estimates (1)
- MC FP : LVMH Rises in NY on Fashion Growth, Asia Trends: Street Wrap
- MTN LN : Elliott In Talks to Back Matalan Founder’s Bid for Company: Sky
- PHIA NA : Philips Sees €1.3B Non-Cash Charge in 3Q
- Prelios IPO : Davidson Kempner Hires Goldman for Sale of Italy’s Prelios: MF
- RAND NA : Randstad Outpaces Adecco But Staffers' 15% Gain Could Slow in 3Q
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- SKAB SS : Skanska Gets Order in New York Worth $150m, About SEK1.5b
- SDRL NO : Seadrill Announces Relisting on New York Stock Exchange
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