Most Asian stocks fell Wednesday while Treasuries retained gains amid concerns about a slower recovery from the pandemic as well as the impact of elevated price pressures on the global economy.
Shares retreated in Japan and Hong Kong and fluctuated in China, where the economy weakened on steps to curb a Covid-19 outbreak. Macau casino stocks slid on steps to boost oversight, the latest escalation in Beijing’s regulatory overhaul. U.S. futures wavered after declines in the S&P 500 and Nasdaq 100.
Chinese data showed a sharp slowdown in retail sales growth as virus curbs hit consumer spending and travel during the peak summer holiday break. The figures will feed into anxiety that the world economic recovery has peaked.
The 10-year U.S. Treasury yield held a fall below 1.30%. U.S. inflation was less than forecast in August while remaining elevated, leaving the argument about whether prices pressures are transitory unresolved. The dollar was steady.
US After Hours Quiet after hours; SKIL +5.4% trades higher on earnings/guidance; REGN +1.8% higher on govt contract; YUMC -3.6% falls on COVID impact in China
Nikkei -0.47% Hang Seng -1,50% CSI -1.08% Shanghai -0.31% Shenzen -0.24%
Eur$ 1.1807 CNH 6.4388 CNY 6.4420 JPY 109.61 GBP 1.3808 CHF 0.9200 RUB 72.8860 TRY 8.4452 WTI$ 70.90 +0.62% Gold 1,803.75 -0.05% BTC 47,100 +270 ETH 3,400 +23
S&P +0.15% Nasdaq +0.16% EuroStoxx +0.03% FTSE +0.02% Dax -0.04% SMI -0.14%
Macro :
Macro :
- Steve Cohen Throws Himself Into Crypto After Early Doubts
- China Tells Banks Evergrande Won’t Pay Interest Due Next Week
Spacs :
- Fintech Startup Pagaya Nears $9b SPAC Deal, DJ Reports
- SPAC Atlas Crest Gets Nod To Close Archer Aviation Deal
Keep an eye on :
Keep an eye on :
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- AKSO NO : Aker Solutions Wins Two Platform Feed Contracts for NOA, Froy
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- CALTX SS : Calliditas Falls as Nefecon’s FDA Review Is Extended by 3 Months
- ALCAR FP : Carmat Had EU58M Cash End-June, Enough For Ops Through Mid-2022
- C3RY GY : Cherry AG Holder Genui Offers 3m Shares in Accelerated Placement
- ACA FP : Credit Agricole/Santander JV Plans Crypto Custody: CoinDesk
- DAI GY : Mercedes Sees Sales Stabilizing at Year-End Amid Chip Turmoil
- FDR SM : Fluidra Share Sale by Rhone Capital Order Book Is Covered: Terms
- G IM : Generali Says Majority of Directors to Support New Term for CEO
- HSBA LN : HSBC CFO Sees Upside From China’s Crackdown on Tech Giants
- EMC IM : Ideanomics Bids for 100% of Energica Motor Shares, Warrants
- IPH FP : Innate Pharma 1H Net Loss EU23.7M Vs. Loss EU10.3M Y/y
- ITX SM : Inditex 1H Net Sales Meet Estimates
- OCI NA : OCI to Redeem $540m 5.25% 2024 Notes Nov. 1 Subject to Financing
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- SUBC NO : Subsea 7 Gets FEED Contract Offshore Norway From Aker BP
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- TFI FP : TF1-M6 Mull Sale of Gulli, Three Other Channels: Les Echos
- VEC LN : Philip Morris’s Vectura Bid Cleared By All Regulators it Asked
- VIV FP : Vivendi Gives Nod to Interim Dividend in Kind for UMG Spinoff