The dollar extended losses and Treasury yields continued their retreat from a 10-month high as traders weighed the appetite for bonds and the latest comments from Federal Reserve officials on asset purchases. Asian stocks headed toward another record high.
Ten-year Treasury yields fell to just above 1.10% after solid interest in a government auction on Tuesday. Two Fed officials also pushed back against speculation that asset purchases could be tapered soon. The dollar’s decline aided emerging-market currencies.
In Japan, the Nikkei 225 outperformed, reaching a record in dollar terms. Equities also ticked up in South Korea, while Hong Kong was flat. S&P 500 contracts edged higher after the index fluctuated between gains and losses before closing little changed. Oil was on course for its longest winning streak in almost two years.
US After Hours BHC +5.7%, ACLS +5.3%, KBH +3.4% rise on bullish earnings/guidance; URBN falls -10.3% on disappointing comps; PRTY -16.8%, LOCO -3.2% fall on weak guidance
Nikkei +1.04% Hang Seng -0.07% CSI -0.70% Shanghai -0.58% Shenzen -1.35%
Eur$ 1.2211 CNH 6.4467 CNY 6.4551 JPY 103.65 GBP 1.3680 CHF 0.8861 RUB 73.4595 TRY 7.4518 WTI$ 53.78 +1.07%
S&P +0.16% Nasdaq +0.28% EuroStoxx 0.00% FTSE +0.20% Dax +0.03% SMI -0.03%
Macro :
- Goldman Strategists Flag Dollar, Junk Bonds for Risk-Off Hedges
- U.S. Unveils Plan to Counter China’s Rise From India to Taiwan
Keep an eye :
- AMG NA : AMG Advanced in 5-Year Lithium Concentrate Supply Pact
- ASM NA : ASM International Names Paul Verhagen CFO
- BMPS IM : Paschi Stand-Alone Plan Sees 2021 Loss of EU562M: Repubblica
- EN FP : Colas, Parsons Win Canada Metro Contract Worth Around EU1B
- CA FP : Couche-Tard, Carrefour Confirm ‘Friendly’ Talks
- CA FP : Circle K Owner Couche-Tard Said to Explore Purchase of Carrefour
- CA FP : Carrefour Brazil Unit Jumps on Report of Parent’s Potential Deal
- CE2 GY : CropEnergies 9M Operating Profit EU79.4M Vs. EU70.3M Y/y
- DPW GY : Deutsche Post Over-Delivers With Preliminary 2020 Ebit: React
- EDPR PL : EDPR to Build Two Portuguese Wind Farms With EIB Funds
- ENT LN : Enlabs Shareholder Says Has Support to Block Entain’s Bid: DI
- GALP PL : Galp Says Andy Brown to Become CEO as Gomes da Silva Steps Down
- JMT PL : J. Martins 2020 Revenue EU19.29b vs Est. EU19.18b
- NOKIA FH : Nokia, M1 Partner to Deploy Core Software to Drive Singapore 5G
- NOKIA FH : Blackberry Sells 90 Patents to Huawei, Globe and Mail Says
- ORSTED DC : Orsted Unveils Almost $3 Billion in 2020 Ebitda, Beating Outlook
- ORSTED DC : Orsted Says Profit This Year Is Set to Be Weaker Than in 2020
- RNO FP : Renault CEO to Reveal Plan to Dig French Carmaker Out of a Rut
- RNO FP : Renault to Slow South America, Turkey Ops; See Old Models: Point
- RNO FP : Nissan Insider Key to Ghosn’s Downfall Speaks for First Time
- SAN SM : Santander’s ESG Team Makes Debut With Renault, Plug Power Deal
- LIGHT NA : Signify Proposes EU1.35/Shr Extraordinary Div., To Repay Debt
- SOLB BB : Solvay Plans Restructuring, May Cut About 900 Jobs: L’Echo
- SW FP : Sophie Bellon Is Reappointed as Chairwoman of the Board
- TKWY NA : Just Eat Takeaway.com to Study Optimal Listing Venues
- TKWY NA : Just Eat Takeaway Expects 2020 Revenue Growth of More than 50%
- TEF SM : Telefonica Subsidiary Sells Telco Tower Assets: M&A Snapshot
- TEMN SW : Temenos Prelim 4Q Non-IFRS Revenue $277.1M
- UCG IM : *UNICREDIT'S PRIORITY IS TO FIND NEW CEO: BISONI TO SOLE
- WDI GY : Wirecard China Push Fit With Merkel Strategy, Adviser Says