Stocks and U.S. equity futures slipped Monday and Treasuries climbed on concerns that the economic recovery from the pandemic is slowing as the fast-spreading delta virus strain hampers reopening.
Japanese shares slid and haven demand spurred the yen amid expectations a virus state of emergency in some regions including Tokyo will be extended. Chinese technology stocks slumped after more criticism of online gaming from state media. The latest China retail sales and industrial output data showed activity slowed more than expected, with virus outbreaks adding new risks.
S&P 500, Nasdaq 100 and European equity contracts retreated. A drop in U.S. consumer sentiment to a near-decade low added to the mood of caution. Treasury yields fell, the dollar firmed and Australia’s currency declined.
Investors are also tracking alarm in Congress as the Taliban take control of Afghanistan in the vacuum left by departing U.S. and NATO forces. President Joe Biden’s economic agenda is already facing lawmaker obstacles, after some House Democrats threatened to withhold support from a $3.5 trillion budget blueprint until a bipartisan infrastructure package is signed into law.
Nikkei -1.74% Hang Seng -0.95% CSI +0.03% Shanghai +0.18% Shenzen -0.34%
Eur$ 1.1789 CNH 6.4780 CNY 6.4770 JPY 109.39 GBP1.3849 CHF 0.9160 RUB 73.37 TRY 8.5163 WTI$ 67.55 -1.30% Gold 1,774.15 -0.31% BTC 47,585 +865 ETH 3305 +43
S&P -0.24% FTSE -0.64% Dax -0.34% SMI -0.07%
Macro :
- Taliban Set to Retake Afghanistan After 20 Years in Shadows (1)
- Crypto Market Retakes $2 Trillion Market Cap Amid Bitcoin Gains
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