Asian equities erased gains Tuesday and U.S. stock futures slipped as traders await inflation data, a Treasury auction and corporate earnings to assess the market outlook. Bond yields and the dollar climbed.
Shares retreated in China, where export growth missed forecasts in March and concern about the financial health of one of the nation’s largest bad-debt managers soured the mood. U.S. equity futures dipped following a slight pullback in the S&P 500 Index from a record. European contracts were steady.
The cost of insuring Asia’s investment-grade bonds rose after a record spike in yields on the debt of the state-owned bad debt manager China Huarong Asset Management Co. In Treasuries, the focus turns to Tuesday’s 30-year auction after sales of three- and 10-year notes attracted decent demand.
US After Hours Pretty quiet after hours session; RILY +10.1% jumps on news it'll join S&P SmallCap 600; ANGI +3.4% higher on March data
Nikkei +0.94% Hang Seng +0.96% CSI +0.51% Shanghai -0.01% Shenzen
Eur$ 1.1894 CNH 6.5563 CNY 6.5513 JPY 109.69 GBP 1.3743 CHF 0.9243 RUB 77.3830 TRY 8.1602 WTI$ 59.98 +0.47% GOLD 1,727.30 -0.30% BTC 60,700 +760
S&P -0.08% Nasdaq -0.15% EuroStoxx +0.03% FTSE -0.11% Dax +0.00% SMI -0.01%
Macro :
Macro :
- Yellen Plans to Spare China From Currency Manipulator Label (1)
- China’s March Exports +20.7% Y/y in Yuan; Est. +28.6%
- China’s March Exports +30.6% Y/y in Dollar; Est. +38%
- Biden Discussed Approaches to Address Chip Shortage at Summit
Spacs :
- Apollo SPAC Tied to Solar Lender Sinks to Palihapitiya’s Price
- SPAC Boom Faces Latest Threat From SEC in Accounting Discussions
- Mudrick Said to Mull Third SPAC Focused on Distressed Companies
Keep an eye on :
- ADES LN : ADES Says Some Conditions Now Satisfied on Buyout Offer
- AIR FP : Airbus Shakeup Sees Technology, Defense Chiefs Leave Company
- AF FP : Air France-KLM Seeks Up to EU988 Million From Capital Increase
- AF FP : Air France-KLM Seeks Up to EU988 Million From Capital Increase
- ALO FP : Alstom and Paris Metro Operator Reach Agreement: Figaro
- AZA SS : Avanza Prelim 1Q Net Income Beats Estimates
- CO FP : Casino Weighs Raising Capital for GreenYellow, Cdiscount Units
- CSGN SW ; Credit Suisse Sees 1Q Underlying Pretax Income Over $3.7b: FT
- DMP GY : Dermapharm Sees 2021 Sales +24% to +26%
- DBAN GY : Deutsche Beteiligungs to Raise Gross Proceeds of ~105M Euros
- DNO NO : DNO Gets $54m Net From Kurdistan Regional Government
- FAGR BB : Fagron 1Q Revenue EU134.8M Vs. EU141.6M Y/y
- FAST NA : Fastned 1Q Revenue Related to Charging EU2M
- GIVN SW : Givaudan 1Q Like-for-like Sales Beat Estimates
- IRE IM : City of Turin Completes Purchase of 2.5% of Iren at EU2.53/Share
- TKWY NA : Just Eat Takeaway 1Q U.K. Orders Beats Estimates
- LEO GY : Pierer Industrie Boosts Position in Leoni to More Than 15%
- MC FP : Dior Owner LVMH Seen Shining Even Brighter With Tiffany: Chart
- MAERSKB DC : Maersk Sees Rail Transport Use Soar Amid Covid, Borsen Reports
- NXI FP : Nexity: NEXITY LAUNCHES AN ISSUANCE OF BONDS CONVERTIBLE INTO NEW SHARES AND/OR EXCHANGEABLE FOR EXISTING SHARES (OCEANES) DUE
- NDX1 GY : Nordex Supplies VSB Group Turbines Totalling 42 MW to Poland
- ORSTED DC : Orsted CEO Targets European Acquisitions in Onshore Bet: Borsen
- PHIA NA : Philips Loses Patent Case Against Garmin and Fitbit at ITC
- PMAG AV : Pierer Mobility FY Revenue Forecast Beats Estimates
- REP SM : Repsol to Carry out Share Capital Reduction Through Redemption
- SAN FP : Sanofi Says 95.03% of Kiadis Shares Committed Under Offer
- SEM PL : Semapa’s Board Says Sodim’s Revised Offer Is ‘Adequate’
- SHL GY : Siemens Healthineers Said to Weigh $1 Billion Ultrasound Sale
- SEV FP : How France’s Warring Corporate Giants Stepped Back From Brink
- TGS NO : TGS 1Q Net Revenue $75M
- VLA FP : Valneva Ends Recruitment for Chikungunya Vaccine Phase 3 Trial