Asian stocks were mixed Wednesday as traders weighed the impact of elevated inflation on the economic recovery and looked ahead to earnings reports. A gauge of the dollar ticked lower.
Shares in Japan and China posted modest losses, while South Korea rose amid a strong jobs report. S&P 500 and Nasdaq 100 futuresdipped as investors wait to see whether the corporate profit outlook will boost sentiment. Apple Inc. slipped on a likely cut in iPhone 13 production targets for 2021 due to chip shortages, putting the focus on pandemic-related supply-chain snarls.
The U.S. 10-year Treasury yield held below 1.60%. Markets are bracing for a U.S. CPI report that is expected to show elevated inflation. A rally in oil paused but crude remained around $80 a barrel amid a global energy crunch. Chinese thermal coal futures hit another record high.
Traders continue to monitor the debt woes of China Evergrande Group. Standard Chartered Plc Chief Executive Officer Bill Winterssaid Beijing won’t allow the turbulence surrounding the property developer to turn into a systemic crisis. But there remains little clarity on what officials might do next. In Hong Kong, a storm led to the cancellation of morning trading.
The International Monetary Fund warned of the risk of sudden and steep declines in global equity prices and home values as global central banks withdraw the support they’ve provided during the pandemic.
In cryptocurrencies, Bitcoin pared its recent rally and traded around $56,300.
US After Hours AAPL -1.4% lower on Bloomberg report it's likely to slash iPhone 13 production targets due to chip shortages, suppliers also lower; CRSP -10.4% lower on clinical data; SGH +3.7% higher on earnings
Nikkei -0.17% Hang Seng -1.43% CSI +0.88% Shanghai +0.11% Shenzen +0.72%
Eur$ 1.1552 CNH 6.4484 CNY 6.4454 JPY 113.47 GBP 1.3615 CHF 0.9294 RUB 71.7616 TRY 9.0412 WTI$ 80.33 Gold 1762 BTC 56?250 +1.50% ETH 3,495 +0.45%
S&P -0.19% Nasdaq -0.23% EuroStoxx -0.02% FTSE -0.59% Dax +0.05% SMI
Macro :
Macro :
- IEA Warns World Isn’t Investing Enough for Future Energy Needs
- Goldman Sachs, Deutsche Bank Warn of More Pain for 60/40 Funds
- Goldman Sachs, Deutsche Bank Warn of More Pain for 60/40 Funds
- U.K. Wants to Ease Cash Call Rules to Boost London: ECM Watch
- Former GLG Manager Quadruples Green Hedge Fund to $600 Million
- China’s Sept. Exports +28.1% Y/y in Dollar; Est. +21.5%
Keep an eye on :
Keep an eye on :
- 2MX FP : Auchan Held Talks With SPAC Before Making Carrefour Bid: Reuters
- ANTIN FP : Antin Infrastructure Partners Appoints Patrice Schuetz as CFO
- AAPL US : Apple Taps BOE Tech for Premium iPhone 13 Displays: Nikkei
- BALDB SS : Balder Buys More in Entra, Will Offer at Least NOK202.50/Share
- BATS LN : British American Tobacco Gets FDA Approval to Market E-Cigarette
- BOSN SW : Bossard 3Q Sales CHF249.5M Vs. CHF200.6M Y/y
- DBK GY : Deutsche Bank Mulls Metals; Energy Stocks Slip: Resources Wrap
- ECONB BB : Econocom 9M Revenue EU1.8B
- ELO NO : Elopak to Buy Naturepak Beverage Packaging for $96m
- ENC SM : *ENCE HIRES PWC TO SELL 373MW PHOTO-VOLTAIC PORTFOLIO: EXPANSION
- ENGI FP : Spie Withdraws From Engie’s Equans Acquisition Process
- FSKRS FH : Fiskars Upgrades 2021 Outlook After Better Than Expected 3Q, Raises Guidance for Fourth Time This Year
- FRA GY : Fraport Sept. Frankfurt Airport Passengers +169.1%
- EOAN GY : EON Stops Offering New Gas Contracts to German Retail Customers
- GS US : Goldman, Morgan Stanley Sued Over Archegos-Tied Sales of Vipshop
- HYL BB : Hyloris Buys Technology to Develop, Market Aspirin IV in U.S.
- TKWY NA : Just Eat Takeaway 3Q Orders Beats Estimates
- MC FP : LVMH Growth Slows as Post-Lockdown Demand for Handbags Cools
- MC FP : LVMH Is First to Confirm No Slowdown; China, U.S. Ahead: React
- MC FP : LVMH Is First to Confirm No Slowdown; China, U.S. Ahead: React
- NESN SW : Nestle Gets Antitrust Statement of Objections from France
- NOVOB DC : Novo Expects Stable Deliveries of Wegovy in Early 2020: Borsen
- OCY NO : Ocean Yield to Invest in Vessels With Total Purchase Price $380m
- REC BB : Greiner to Pursue Bid for Recticel Shares Despite Unit Sale Plan
- RNO FP : Renault, Trade Unions Continue Talks for 3-Year Labor Agreement
- ROG SW : Roche’s Ocrevus ‘Significantly’ Reduced Risk of Walking Aid Need
- SAN FP : Sanofi Sees Kevzara Supply Constraints Until Early 2022
- SAN FP : Sanofi Sees Kevzara Supply Constraints Until Early 2022
- SAP GY : SAP Raises Full Year 2021 Outlook
- SRT GY : Sartorius Announces Changes in Composition of Joint Heirship
- SIE GY : Siemens Mobility in Talks on Next 1,000 Km of Egypt Rail Track
- SOP FP : Sopra Steria Plans to Buy EVA Group Cybersecurity Firm
- STORB SS : Storskogen Buys Vinab to Strengthen Presence in Northern Sweden
- TIETO FH : TietoEVRY Announces a New Strategy, Confirms Growth Targets
- THG LN : THG Sinks to Record Low as Company Hosts Capital Markets Day
- VOW3 GY : VW CEO Sees Up to 30,000 Jobs at Risk in Overhaul: Handelsblatt
- VOW3 GY : VW Considers Separate Cell, Charging Unit IPOs: Manager Magazin
- FHZN SW : Zurich Airport Sept. Passenger Traffic +157.9%