Stocks and bonds nursed losses Tuesday as the war in Ukraine and looming U.S. monetary-policy tightening to quell inflation hit sentiment. Asian equities fell for a third session amid a drop in Chinese shares, including another selloff in the technology sector. Robust economic data in China failed to ease the gloom much. A weaker yen helped export-reliant Japan to climb. U.S. equity futures made modest gains and European contracts retreated. Wall Street shares dropped Monday, leaving the Nasdaq 100 in a bear market. Bonds remain under pressure, with the U.S. 10-year Treasury yield near the highest level since 2019. The dollar slipped, while the europushed higher. A volatile jump in commodities stemming from Russia’s invasion and the Fed’s expected interest-rate liftoff Wednesday are creating tough market conditions. Some of the commodity rally is waning. Oil fell below $100 a barrel as traders weighed Ukraine-Russia talks and demand risks from China’s Covid lockdowns. Traders have begun to price in a more forceful path for Fed hikes and now expect about seven quarter-point moves in 2022. Inflation was already high before the war and sanctions on Russia sparked a commodity shock, aggravating global economic challenges. Russia has started the payment process of two bond coupons due this week. Investors are waiting to see if the nation defaults after the U.S. and its allies froze Russia’s foreign-currency reserves. Nickel trading will resume on the London Metal Exchange on Wednesday, over a week after being suspended amid a historic short squeeze. US After Hours COUP -28.1% falls sharply on earnings/guidance; WING +3.5% gets a new CEO; ANAB -11.9% and EXEL -4.5% fall on clinical data
Nikkei +0.15% Hang Seng -5.54% CSI -3.89% Shanghai -4.27% Shenzen -3.80%
Eur$ 1.0975 CNH 6.3945 CNY 6.3791 JPY 118.33 GBP 1.3039 CHF 0.9397 RUB 120.0625 TRY 14.80.44 WTI$ 98.38 -4.49% Gold 1,930.20 -1% BTC 38,850 +0.30% ETH 2,550 +1%
S&P -0.07% Nasdaq +0.05% EuroStoxx -1.05% FTSE -0.55% Dax -0.83% SMI -0.60%
Macro :
- Europe Is Getting Caught by a Covid Resurgence After Rushed Exit
- Oil Drops Below $100 as Traders Eye Supplies
- Oil Drops Below $100 as Traders Eye Supplies
- Chelsea Suitor Candy Says Funds Ready to Bid for Football Club
- Quant Giant’s Rare Advice to Pull Cash Shows China Market Woes
Keep an eye on :
- AC FP : Accor Plans to Open More Than 300 Hotels, Resorts in 2022
- ADDVA SS : ADDvise Group Offers SEK100m Shares via Pareto Securities, 15.4m Shares Prices at SEK6.5/Share
- ALV GY : Allianz, Swiss Re Cutting Back on Business in Russia: Reuters
- AGAS NO : Avance Gas Holding CEO Resigns as Chairman Also Steps Down
- AZA SS : Avanza, Safello Examine Partnership for Crypto Asset Trading
- IAG LN : Heathrow, Virgin, BA to Ease Mask Rules as U.K. Ends Curbs
- BYS SW : Bystronic Sees 2022 Revenue +10% to +12%
- CARLB DC : Carlsberg Chairman Sees Risk of Russia Seizing Assets: Borsen
- COUP US : Coupa Software Plunges After 1Q Revenue Forecast Misses --> -28% in After Hours
- DIE BB : D’Ieteren to Buy Parts Holding Europe for EU540m From Bain
- Discord IPO : Discord Said to Interview Banks for Possible Direct Listing
- DUFN SW : Dufry Extends Duty-Free Concession, Ups Retail Space in Bali
- ENGB BB : Rosier Seeks Extension of Trading Suspension in Brussels
- EQNR NO : Equinor Confirms to Stop Trading in Russian Oil, Oil Products
- ERG IM : ERG 4Q Adjusted Ebitda EU180M Vs. EU119M Y/y
- ERICB SS : ISS Recommends No Discharge From Libaility for Ericssons CEO: DI
- FAGR BB : Fagron Sees Adj. Ebitda Margin Consistent With 2017-2021 Average
- Ferretti IPO : Italian Yachtmaker Braves Luxury Storm With H.K. IPO
- FFARM NA : ForFarmers Halts Buyback Due to Uncertainty from Ukraine War
- G IM : Generali Proposes Donnet as CEO, Sironi as Chairman
- G IM : Generali Full Year Profit Spurred by Higher Operating Income
- INF LN : Informa 2022 Revenue Forecast Beats Estimates
- KIN BB : Kinepolis Reaches Pact to Extend Covenant Holiday Until Year-End
- KIN BB : Kinepolis Reaches Pact to Extend Covenant Holiday Until Year-End
- METN SW : Metall Zug FY Net Sales Beats Estimates
- NEOEN FP : Neoen Sees 2022 Ebitda EU360M to EU375M, Est. EU371.2M
- NOKIA FH : Nokia stock rallies after Raymond James says it's OK to buy now
- NDA SS : Nordea Bank to Launch $1.1 Billion Share Buyback
- PPGN SW : PolyPeptide Group FY Revenue EU282.1M Vs. EU223.0M Y/y
- PAH3 GY : Porsche SE and Bridgepoint Buy Econolite Group; No Terms
- RLF SW : Relief’s APR UNIT Signs Pact to Commercialize PKU Drug; No Terms
- SAF FP : Safran Suspends Exports, Services to Russia on War Sanctions
- SAN FP : Sanofi, Blackstone Life Sciences Announce EU300M Collaboration
- SENS SW : Sensirion 2022 Revenue Forecast Beats Estimates
- SWMA SS : Swedish Match Suspends Its Spin-Off of the Cigar Business
- SREN SW : Allianz, Swiss Re Cutting Back on Business in Russia: Reuters
- SOLB BB : Solvay Plans to Spin Off Materials, Solutions Units in 2H 2023
- SRAIL SW : Stadler Rail FY Net Revenue Misses Estimates
- TEG GY : TAG Immobilien FY FFO per Share Matches Estimates
- TECN SW : Tecan FY Sales Misses Estimates
- TIT IM : Apollo May Be Interested in Telecom Italia: MF
- TSLA US : Tesla Increases Prices Across Whole Lineup: Electrek
- URW NA : Unibail-Rodamco-Westfield Sells U.S. Dev. Parcel for $150M
- VOW GY : China Lockdowns Hit Production for Toyota, VW to Apple Suppliers
- VOW GY : Volkswagen Cuts Overhead Costs by 10% A Year Ahead of Schedule
- WCH GY : Wacker Chemie Sees 2022 Ebitda EU1.2B to EU1.5B, Est. EU1.32B