Stocks slid Monday and crude oil extended a rally as geopolitical risks over Ukraine rippled through global markets, supporting demand for havens such as sovereign debt and the Swiss franc. An Asia-Pacific equity index fell over 1%, with markets from Japan to China and Hong Kong -- which is also facing a Covid outbreak -- in the red. Energy stocks bucked the trend, climbing as oil added to an eight-week winning run. European futures slid and those for the S&P 500 and Nasdaq 100 were steady after Wall Street losses Friday. Treasuries mostly held gains from the end of last week, while bonds in Australia and New Zealand rose. The dollar was firm. Tensions over Russia’s military buildup near Ukraine are entering a potentially decisive week, with the U.S. warning an invasion may be imminent and President Vladimir Putin accusing America of failing to meet his demands. Russia has repeatedly denied it plans to invade its neighbor, and a diplomatic push to try to resolve the situation is continuing. A “flight to safety for all markets will be the first order” of fallout from any potential invasion of Ukraine, said Wai Ho Leong, strategist at Modular Asset Management in Singapore. Meanwhile, gold held a rally and palladium advanced. Russia produces around
Nikkei -2,23% Hang Seng -1,43% CSI -1,08% Shanghai -0,98% Shenzen -0,43%
S&P +0,10% Nasdaq +0,03% EuroStoxx -1,90% FTSE -1,05% Dax -1,86% SMI -1,27%
Macro :
- Gundlach Says the Fed Is Obviously Behind the Curve: CNBC
- Goldman Cuts S&P 500 Year-End Target to 4,900 on Rate Outlook
Crypto :
- BlockFi to Pay $100 Million to SEC, States Over Crypto Lending
- 13F :
- Baupost Adds Fiserv, Exits EBay, Cuts Micron: 13F
- Trian Cuts P&G, Buys More Janus Henderson: 13F
- Soros Adds Rivian Class A, Exits VICI Properties: 13F
- Pointstate Adds D.R. Horton, Exits Allstate: 13F
Keep an eye on :
- AB FP : French Regulator Upholds Complaint Against AB Science, CEO
- AIR FP : Airbus Wants Suppliers to Cut Prices 15% by Mid-Decade: Analyst
- AFISH NO : Norway Royal Salmon Unit Facing Biological Challenges in Iceland
- ARAMCO AB : Saudi Arabia Moves $80 Billion Aramco Stake to Wealth Fund (1)
- AR4 GY : Aurelius Equity Opportunities’ BMC Benelux Buys De Rycke Unit
- BPM I M : Banco BPM Says No Contact With UniCredit: Italian Banking Update
- BPM I M : Banco BPM Says No Contact With UniCredit: Italian Banking Update
- IAG LN : *AIR EUROPA WANTS EU125M UPFRONT PAYMENT TO SEAL IAG DEAL: CONFI
- COIN US : Coinbase Halts a Trading Feature After Vulnerability Warning
- CSGN SW :Warren Calls for Proposed Credit Suisse Exemption to Be Denied
- CSCO US : Cisco Bids $20 Billion For Software Company -- WSJ
- DEZ GY : Deutz Fires Chairman After Clash With Supervisory Board
- DIE BB : D’Ieteren Group in Exclusive Talks to Buy PHE For EU540m
- IDL FP : ID Logistics to Acquire Kane Logistics in the United States
- INGA NA : ING Eyes $11 Billion Buybacks, 15% EPS Upside, 10% ROE: BI Focus
- NWG LN : NatWest Preparing for Exit of Chairman Howard Davies, Sky Says
- NFLX US : Marvel shows on Netflix reportedly will be leaving the streaming service by end of Feb as rights return to Disney
- PTIN US : Soros Cut Stake in Big Tech Stocks Before Selloff, Added Peloton
- RR/ LN : Rolls-Royce Says Electric Plane Could Be Ready in Three Years
- SAB SM : Spain’s Sabadell Is Said to Explore Sale of Payments Business
- SOLB BB : Bluebell Says Solvay’s Disclosure on Rosignano Site Isn’t Enough
- STLA IM : Stellantis Recalls Plug-In Hybrid Minivans on Fire Risk
- UBI FP : Ubisoft Employees Push Back Hard on Blockchain Initiative
- VOD LN : *VODAFONE SPAIN HIRES UBS, MS FOR TALKS WITH MASMOVIL: EL CONFI