Most Asian stocks were steady Tuesday while U.S. and European futures climbed ahead of inflation data that could color expectations about the Federal Reserve’s likely timeline for paring stimulus. Crude oil gained.
The energy sector was the top performer in MSCI Inc.’s Asia-Pacific index amid the oil rally. Japan’s Nikkei 225 Stock Average was set for its highest close since 1990. Hong Kong and China wavered as traders evaluated the troubles of China Evergrande Group, Beijing’s regulatory curbs and a virus flareup.
U.S. equity futures rose after the S&P 500 snapped a five-day drop. Treasury yields and the dollar were steady. The focus is firmly on price pressures, with a gauge of commodities at a decade-high and a report later Tuesday expected to show a fourth month of U.S. inflation at 5% or more.
Indebted developer Evergrande, one of the biggest financial worries in China, said it hired advisers to explore solutions for its cash crunch. The company is facing mounting protests by home-buyers, retail investors and even employees as it struggles to meet its obligations.
US After Hours Summary: ORCL -1.3% ticks lower on earnings; INTU +2.3% higher on deal to acquire Mailchimp; HLF -8.8% falls on guidance
Nikkei +0,62% Hang Seng -0,05% CSI -0,29% Shanghai +0,05% Shenzen +0,73%
Eur$ 1.1812 CNH 6.4450 CNY 6.4472 JPY 110.08 GBP 1.3840 CHF 0.9219 RUB 72.6558 TRY 8.4340 WTI$ 70.97 +0.74% Gold 1,793 -0.05% BTC 45,250 +63 ETH 3,290
S&P +0,17% Nasdaq +0,13% EuroStoxx +0,24% FTSE +0,06% Dax +0,23% SMI
Macro :
- JPMorgan’s Kolanovic Says Time to Cut Tech in Reopening Revival
- Hedge Funds End Most Persistent Short Tech Streak Since 2008
- SpotOn Raises $300M in Series E Funding Led by Andreessen
- Most Stock Investors See at Least 5% Correction By Year-End: DB
- Bitcoin Could Double ETF Revenue in Five Years to $20 Billion
- Evergrande Market-Contagion Risk Seen as Manageable: China Today
Keep an eye on :
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- AGAS NO : Hemen Makes Mandatory Offer for Avance Gas at NOK43 Per Share
- AAPL US : It May Take More Than a New iPhone to Ease Pressure on Apple
- BDEV LN : Strong Demand Helps Barratt, Peers' Plans for Help-to-Buy Ending
- CAP FP : Oracle Falls After Sales Miss Estimates on Cloud App Growth
- CNHI IM : CNH Industrial Names Francesco Tanzi Iveco CFO
- DANSKE DC : Danske Bank Foreign Ownership Falls to a Third of Total: Borsen
- DLG IM : De Longhi to Sell 4% of Capital, De’ Longhi Share Sale by Holders Order Book Is Covered: Terms
- DWNI GY : Vonovia Waives All Offer Conditions in Bid for Deutsche Wohnen
- DEZ GY : Deutz Boosts FY Revenue Forecast
- EBS AV : Erste Primes Warchest as Rate Crunch Pressures East Europe Banks
- KAPE LN : Kape Technologies Proposed $936m Purchase of Expressvpn
- DNUT US : Krispy Kreme Holder JAB Holdings Bought 1.78m Shares
- NESTE FH : Kinder Morgan Partners With Neste for Renewable Fuel Hub
- NOKIA FH : Nokia to Resume Work With O-RAN Alliance After Rule Changes
- PLT NO : PoLight Offering of 1.14m Shares Prices via Pareto Securities
- SAP GY : Oracle Falls After Sales Miss Estimates on Cloud App Growth
- SHL GY : Siemens Healthineers Plans to Raise Medium-Term Goals: HB
- SMS LN : Smart Metering to Raise GBP175m Via a Placing
- SW FP : Sodexo Buys Majority Stake in Wedoogift: Statement
- SQ US : Square Joins Cryptocurrency Non-Aggression Pact on Patent Suits
- SSE LN : Elliott Is Said to Push for Breakup of British Power Firm SSE
- SNH GY : Steinhoff Offers 370m Pepkor Shrs via Goldman, Investec
- 7203 JP : Toyota Objects to ‘Exorbitant’ Tax Breaks for Rich in EV Plan
- VNE US : Veoneer Confirms Receiving Offer From Qualcomm for $37/Shr Cash
- VG US : Vonage Is Said to Work With Advisers on Review, Possible Sale
- FHZN SW : Zurich Airport Aug. Passengers 1.59M Vs. 725,337 Y/y