Most Asian stocks fell Tuesday as concerns about the impact of the delta coronavirus variant on global growth eclipsed a record-breaking run in the S&P 500. The dollar and Treasuries rose.
Shares were lower in Australia, Hong Kong and China. U.S. equity futures edged down and European contracts wavered. The S&P 500 closed at another all-time high overnight -- doubling from its pandemic low in March 2020 -- with health-care and utility companies advancing.
Signs of a slowing Chinese recovery, Beijing’s regulatory clampdown and mobility curbs to fight the delta strain are souring the mood in Asia. In New Zealand, officials said they are investigating a Covid-19 case, triggering a tumble in the currency and bond yields. Australia’s dollar slid after the central bank signaled it’s ready to act if lockdowns take a bigger economic toll.
Treasury yields declined, with traders awaiting an address by Federal Reserve Chair Jerome Powell on Tuesday and the Jackson Hole symposium in late August for clues on when and how the Fed might taper stimulus.
US After Hours Pres Biden makes remarks on Afghanistan; DNMR +14.9%, TME +2.5% higher on earnings; SMFR -16.4%, FUV -12.6%, ZEV -12.2%, GAN -8.1% lower on earnings
Nikkei -0.12% Hang Seng -1.63% CSI -1.49% Shanghai -1.42% Shenzen -1.74%
Eur$ 1.1770 CNH 6.4836 CNY 6.4803 JPY 109.33 GBP 1.3826 CHF 0.9133 RUB 73.4161 TRY 8.4729 WTI$ 67.29 -0.01% Gold 1,791.71 +0.24% BTC 46,070 -10 ETH 3173 +7
S&P -0.30% Nasdaq -0.20% EuroStoxx -0.15% FTSE -0.16% Dax -0.11% SMI +0.11%
Macro :
Keep an eye on :
- ADP FP : ADP July Passengers 5.06M
- AMBU DC : Ambu 3Q Revenue DKK973M
- AMBU DC : Ambu 3Q Revenue DKK973M
- BSLN SW : Basilea Boosts FY Revenue Forecast, Beats Estimates
- BT/A LN : Federated Hermes to Pay GBP115m to Raise Hermes Stake: Sky
- DUE GY : Duerr CFO Says Considering Medical-Unit Acquisitions: Boersen
- GLEN LN : Glencore Buys Stake in Britishvolt: FT
- HUBN SW : Huber + Suhner 1H Net Income CHF41.9M Vs. CHF19.9M Y/y
- IMPN SW : Implenia 1H Sales CHF1.88B Vs. CHF1.93B Y/y
- TKWY NA : Just Eat Takeaway Swings to a Loss in First Half on Expansion, to Host Capital Markets Day on October 21
- KOMN SW : Komax 1H Revenue Misses Estimates
- LOTB BB : Lotus Bakeries 1H Revenue EU365.2M Vs. EU323.3M Y/y
- MED SW : Medartis Boosts FY Revenue Forecast
- NKT DC : NKT 2Q Adjusted Revenue EU344M
- NKT DC : NKT 2Q Adjusted Revenue EU344M
- NOVN SW : Novartis Says Year 2 Data in Beovu Trial Affirm Earlier Findings
- ORNBV FH : Orion to Keep Finnish Pharma Plant After Assessing Options
- PGHN SW : Partners Group Prelim 1H Profit Beats Estimates
- PSON LN : SEC Charges Pearson for Misleading Investors About Cyber Breach
- PRU LN : Prudential Picks Banks for Up to $3b Equity Offering: IFR
- SLHN SW : Swiss Life 1H Net Income +15%
- TWEKA NA : TKH 1H Adjusted Net EU49.4M Vs. EU36M Y/y
- UBI FP : Singapore Probes Ubisoft Over Workplace Complaints, ST Says
- Z01 GY : Zooplus 2Q Ebitda Beats Estimates
- HRPK GY : 7C Solarparken to Sell up to 6.9m Shares in Placement: Terms