Stocks in Asia came off session highs on Wednesday, hampered by worries about a darkening economic outlook amid high inflation and tightening monetary policy. MSCI Inc.’s Asia-Pacific share index rose less than 0.5%, spanning a climb in Japan and a drop in China. S&P 500 and Nasdaq 100 futures fluctuated while European contracts edged higher. The US stock market had posted a small gain on Tuesday, helped by robust earnings from Walmart Inc. and Home Depot Inc. Company profits have encouraged an equity rebound from June lows but are at risk of weakening as monetary settings tighten to fight price pressures. Oil stabilized but was still in sight of a more than six-month low, underlining some of those concerns over the economic growth outlook. Treasury yieldsand the dollar were steady, while gold and Bitcoinwavered. In New Zealand, the central bank raised borrowing costs by a half-point as expected and said it remains appropriate to continue tightening at pace to curb inflation. The local currency strengthened. The revival in stocks from bear-market lows is in part a contentious bet that inflation and central bank hawkishness are peaking, making a recession less likely. The latest Federal Reserve minutes Wednesday will shed more light on whether those wagers are right. he latest US data were patchy. Home construction fell more than expected, while factory output increased in July for the first time in three months. In China, where challenges from a property-sector slump and Covid curbs are multiplying, Premier Li Keqiang asked local officials from six key provinces that account for 40% of the economy to bolster pro-growth measures. US After Hours A +6.4% higher on earnings; SAVA +21% higher on two insider purchases; JKHY -4.8% lower on earnings.
Nikkei +0,81% Hang Seng +0,78% CSI +0,67% Shanghai +0,32% Shenzen +0,47%
Eur$ 1,0173 CNH 6,7939 CNY 6,7843 JPY 134,15 GBP 1,2107 CHF 0,9494 RUB 61,1105 TRY 17,9510 WTI$ 87,10 Gold 1,775,61 BTC 24,040 ETH 1,896,60
S&P -0,04% Nasdaq -0,11% EuroStoxx +0,26% FTSE +0,21% Dax +0,21% SMI
Macro :
- US Gas Jumps to 14-Year High on Winter Concern, Europe Crisis
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- TSLA US : Musk: Trying to Reduce Tesla Car Delivery Times Quickly
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- WAWI NO : Wallenius Wilhelmsen 2Q Ebitda Beats Estimates