Asian stocks were mixed Wednesday and U.S. equity futures were steady as traders braced for a faster withdrawal of Federal Reserve stimulus and evaluated signs of slowing Chinese economic growth.
Japanese shares gained while China and Hong Kong fluctuated. Chinese data ranging from new home prices to investment and retail sales suggested slowing growth amid a deepening property market slump and Covid disruptions.
Meanwhile, initial lab findings indicated that China’s Sinovac shot -- one of the most widely used in the world -- doesn’t provide sufficient antibodies to neutralize the omicron virus variant. Some 2.3 billion doses of the vaccine have been administered, mostly in China and the developing world.
U.S.-China tension also continues to bubble: the Biden administration is considering imposing tougher sanctions on Semiconductor Manufacturing International Corp., China’s largest chipmaker. The Financial Times reportedthe U.S. will add eight more Chinese companies to an investment blacklist.
S&P 500, Nasdaq 100 and European futures edged up. Treasury yields and the dollar pared gains. Technology shares led a Wall Street drop Tuesday as investors soured on more richly valued stocks ahead of the Fed policy decision.
The Fed on Wednesday is set to unveil a quicker tapering of bond purchases, paving the way for interest-rate hikes next year as high inflation rattles the economy.
Elsewhere, oil fell for a third day. The International Energy Agency said the global market had already returned to surplus. Moreover, mobility curbs to tackle omicron risk hurting demand.
A bill to raise the U.S. debt ceiling by $2.5 trillion headed to President Joe Biden for his signature after being cleared by lawmakers.
Nikkei +0.10% Hang Seng -0.86% CSI -0.89% Shanghai -0.43% Shenzen -0.67%
Eur$ 1.1272 CNH 6.3700 CNY 6.3641 JPY 113.71 GBP 1.3246 CHF 0.9235 RUB 73.8681 TRY 14.5674 WTI$ 69.86 -1.2% Gold 1,769.43 -0.80% BTC 48,250 -60 ETH 3,870 +15
S&P -0.03%% Nasdaq -0.04% EuroStoxx -0.02% FTSE -0.15% Dax +0.04% SMI -0.23%
Macro :
- Italy May Extend Stronger Anti-Takeover Powers for 12 Months: MF
- U.S. Debt Ceiling Increase of $2.5 Trillion Passed by Senate
- ECB Forecasts Show Inflation Below 2% Target After Next Year
- ECB Forecasts Show Inflation Below 2% Target After Next Year
- Goldman Predicts ‘Bounce Back’ Year for Consumer Staples in 2022
Keep an eye on :
Keep an eye on :
- AMUN FP : Amundi to Sell About 4% of SBI FMPL Capital as Part of IPO
- AML LN : Aston Martin Union Workers Threaten to Strike Over Pensions
- BPME IM : BPER Banca Submits Non-Binding Offer for Acquisition of Carige
- BPME IM : BPER Banca Submits Non-Binding Offer for Acquisition of Carige
- BC IM : Brunello Cucinelli to End 2021 With Sales up Almost 30%
- CINE LN : Cineplex Says Court Awards C$1.24b Damages in Cineworld Case
- COLR BB : Colruyt 1H Gross Margin Misses Estimates
- ACA FP : Credit Agricole Announces End of EU500M Buyback Program
- DATA LN : GlobalData Buys LMCA Holdings, LMCI Holdings; No Price Disclosed
- DTE GY : Deutsche Telekom Poised to Extend CEO’s Contract: Handelsblatt
- EQT SS : EQT Fund Weighing Sale or Listing for Facile.it Platform: Sole
- EXS SS : Exsitec Holding Holder Syntrans Offers 800,000 Shares, Offered @ SEK190/Share
- HMB SS : *H&M 4Q SALES SEK56.81B, EST. SEK57.08B
- IAG LN : Iberia, Air Europa Temporarily Suspend Deal: EL Confidencial
- ITX SM : Inditex 9M Ebitda EU5.43B Vs. EU3.33B Y/y
- IDR SM : Sapa Agrees to Buy About 5% of Indra from Alba at EU10.28/Share (closed 10,56)
- IMCD NA : IMCD Supervisory Board Nominates CEO for Another Two Years
- IVACC SS : Intervacc Says Horse Vaccine to Enter Market in 1Q; Shares Gain
- INCY US : Incyte’s Ruxolitinib Cream SNDA Accepted With Priority Review
- KAR SS : Karnov Group Offers Up to 9.83m Shares, Offered @ SEK60.4/Share
- MTEC LN : Made Tech Group Says Performance is in Line With Expectations
- MIDW LN : Midwich Sees Earnings Materially Ahead of Previous Expectations
- ONTEX BB : Ontex Cuts FY Adjusted Ebitda Margin Forecast
- PTEC LN : *PLAYTECH-BACKED CALIENTE IN $2.5B MERGER TALKS WITH TEKKORP:SKY
- ROG SW : Roche Starts Infectious Disease Tests on Cobas 5800 System
- SAN FP : Sanofi, GSK Delay Phase 3 Covid Vaccine Results Until 1Q 2022
- SFER IM : Salvatore Ferragamo Executive Vice Chairman Norsa Resigns
- TNG FP : Transgene Says Astra Exercised License Option for Invir.IO Virus
- VIE FP : Veolia Gets Conditional European Approval for Suez Acquisition