US and European stock futures were little changed and Asian equities were mixed as investors weighed signs of progress in talks to avert a US debt default and persistent inflationary pressure. Political developments led to a busy session for emerging markets. The Thai baht climbed as pro-democracy parties got the most votes in weekend elections, and the rand rallied after South Africa moved to ease tensions with the US. The Turkish lira was slightly weaker in Asia hours, near a two-month low, as state banks intervened to hold the exchange rate at around 19.65 per dollar, according to people familiar with the matter. Investors remained on tenterhooks with the the prospect of a runoff vote to test President Recep Tayyip Erdogan’s two decades in power. China kept its medium-term lending facility at 2.75%, as economists had forecast, while injecting more long-term liquidity into the financial system for the sixth month in a bid to bolster growth when multiple economic indicators revealed faltering recovery momentum. Japanese shares gained, with the Topix index nearing the highest level since 1990. Benchmarks in mainland China and South Korea fell while Hong Kong’s main gauge edged up. A measure of dollar strength was steady, even as the greenback rose against the yen and fell versus the Australian currency. Treasuries were little changed. US inflation concerns ratcheted higher Friday, with a preliminary University of Michigan sentiment survey showing five-year expectations for consumer-price gains jumped to a 12-year high. Progress in US debt-ceiling talks hasn’t removed the risk of a failure to reach a compromise. Treasury Secretary Janet Yellen has said the department may run out of money as soon as June 1, or in the weeks after that. President Joe Biden and House Speaker Kevin McCarthy plan to meet Tuesday. Yields on policy-sensitive two-year Treasuries were steady at 3.99% after rising on Friday. Australian and New Zealand bonds declined, following Friday’s losses in US debt. Bitcoin inched back above $27,000 after falling below that mark last week amid an aversion to risk taking.
Nikkei +0.75% Hang Seng +1.14% CSI +0.63% Shanghai +0.05% Shenzen +0.28%
Eur$ 1.0863 CNH 6.9727 CNY 6.9637 JPY 136.07 GBP 1.2463 CHF 0.8977 RUB 78.1950 TRY 19.6263 WTI$ 69.47 -0.81% Gold 2,014 +0.18% BTC 27,300 +1.30% ETH 1,287 +1.52%
S&P +0.14% Nasdaq +0.09% EuroStoxx +0.32% FTSE +0.22% Dax +0.28% SMI +0.21%
Macro :
- Iraq Oil Min Abdel-Ghani: Do not expect OPEC+ to make further cuts to oil output at its next meeting in June
- Fed’s Extreme Stranglehold Over Wall Street Trading Is Easing
- Fed’s Extreme Stranglehold Over Wall Street Trading Is Easing
- G-7, EU Set to Ban Restart of Russian Gas Pipelines: FT
- Google Launching Tools to Identify Misleading and AI Images
Keep an eye on :
- ADS GY : JD Sports Get Positive Catalyst Watch at JPM; Adidas Overweight
- ALB US : Lithium Dealmaking Frenzy Shines at California Mining Conference
- ALIVP BB : Aliaxis Boosts Uponor Stake to 20% Amid Opposition for Takeover
- AAL LN : New York Cements Its Status as the Global Hub for Gold Equities
- ARAMCO AB : More Oil Stocks to Cut Buybacks in 2H, Aramco Downgraded: MS
- AG1 GY : Auto1, Cazoo Have €100 Billion Open Road If Engines Keep Running
- CS FP : Axa Gives New Profitability Target as First-Quarter Sales Rise
- BSGR NA : B&S Group 1Q Revenue EU525.9M Vs. EU453.3M Y/y
- CEC GY : Ceconomy 2Q Adjusted Ebit Loss EU23M
- CSGN SW : Credit Suisse Already Had Problems in 2015, UBS CEO Tells Paper
- DMP GY : Dermapharm 1Q Adjusted Ebitda EU105.8M
- PBB GY : Deutsche PBB 1Q Net Interest Income Misses Estimates
- ECV GY : Encavis 1Q Oper Ebitda EU64.3M Vs. EU64.4M Y/y
- ESSITYA SS : Vinda Hasn’t Received Update On Essity Review Since April 26
- EVT GY : Evotec SE Maintains FY Adjusted Ebitda Forecast
- KESKOB FH : Kesko April Sales From Continuing Operations EU964.4M
- SKB GY : Koenig & Bauer 1Q Ebit Loss EU3.2M Vs. Loss EU8.5M Y/y
- META US : Baupost Adds Skyworks, Exits Meta Platforms Class A: 13F
- NEM US : Newmont Is Said to Near $20 Billion Deal for Newcrest
- NOVN SW : Novartis Board Approves New Sandoz Board of Directors
- ENR GY : Siemens Energy Lifts FY Sales Forecast; Gamesa Still 'Volatile'
- SOW GY : Software AG Foundation Backs Silver Lake After Third-Party Talks
- TLX GY : Talanx 1Q Ebit EU1.04B Vs. EU773M Y/y
- TSLA US : Soros Slashed Rivian Stake After 90% Drop From Peak, Exits Tesla
- UPONOR FH : Aliaxis Boosts Uponor Stake to 20% Amid Opposition for Takeover
- VAR1 GY : Varta 1Q Adjusted Ebitda Loss EU2.0M Vs. Profit EU38.1M Y/y
- VIV FP : Universal Music Holders Vote Down Jones’ Board Reappointment
- VIV FP : Universal Music Holders Vote Down Jones’ Board Reappointment
- WBD IM : Webuild, Pizzarotti, Ghella Get Contracts Worth About EU3.7B
- WDC US : Kioxia, Western Digital Finalizing Merger Deal Structure: Rtrs