Stocks fell Friday amid a drop in technology shares as tightening monetary policy buffets sentiment, while growth risks from the omicron virus variant helped to sustain demand for Treasuries.
MSCI Inc.’s Asia-Pacific index was down for the fifth session in six, with Chinese tech stocks sliding more than 2%. U.S. and European equity futures were in the red after the Nasdaq 100 sank the most since September. The Federal Reserve’s pivot toward reducing outsized stimulus has sapped investor ardor for the more richly valued tech plays that dominate the U.S. gauge. The dollar flirted with a third-straight weekly drop. Oil was lower for the first time in three days and Bitcoin fell below $48,000.
Central banks globally are prioritising the fight against elevated inflation by tightening monetary settings, while also keeping a wary eye on the impact of omicron
The Senate did pass legislation that would ban goods from China’s Xinjiang region unless companies prove they weren’t made with forced labor. The Biden administration also added 34 Chinese targets to its banned-entity list, keeping tension with Beijing on the boil.
In the latest U.S. data, applications for state unemployment benefits rose last week but remained near the lowest levels of the pandemic as the labor market recovery continues. U.S. housing starts strengthened in November to the fastest pace in eight months, while output at factories advanced solidly.
Omicron continues to spread. Biden warned that unvaccinated Americans face “a winter of severe illness and death,” while Japanese Prime Minister Fumio Kishida asked Pfizer Inc. for faster delivery of vaccines.
US After Hours FDX +6.1% up nicely on earnings; RIVN -11.4%, EXFY -6.4%, SCS -6.2% fall on earnings; X -3.4% lowers EBITDA guidance
Nikkei -1.79% Hang Seng -1.03% CSI -1.43% Shanghai -1.02% Shenzen -1.22%
Eur$ 1.1338 CNH 6.3777 CNY 6.3693 JPY 113.56 GBP 1.3327 CHF 0.9185 RUB 73.7919 TRY 16.0713 WTI$ 71.60 -1.05% Gold 1,806.22 +0.40% BTC 47,580 -525 ETH 3955 -76
S&P -0.05% Nasdaq -0.35% EuroStoxx -0.87% FTSE -0.47% Dax -0.65% SMI
Macro :
- Europe Car Sales Plunged 17% to Record Low for Month of November
- Goldman Says $100 Oil Possible as Record Demand Outpaces Supply
- Goldman Says $100 Oil Possible as Record Demand Outpaces Supply
- Bundesbank Sees German Inflation Around 3.5% for 2022: Politico
- Wales Plans to Bring Back Social Distancing, Close Nightclubs
Keep an eye on :
Keep an eye on :
- ADP FP : ADP Nov. Passengers 5.20M
- AIR FP : Airbus Gets Firm Order for 100 Aircraft From Air France-KLM
- AIR FP : Boeing Wins $397.9 Million U.S. Air Force Contract
- ALO FP : Alstom to Provide Trains, Maintenance for Marseille-Nice Line
- BSLN SW : Basilea Gets FDA Approval of Investigational NDA for BAL0891
- BTLS BB : Biotalys, Biobest in Partnership for Novel Biocontrol Solutions
- BNP FP : BNP's $15 Billion BancWest Bonanza Still Looks Possible: React
- CRG IM : Italy Interbank Fund: BPER Bid for Carige Needs to Be Reviewed
- CA FP : French Union Calls on Carrefour Staff to Strike Over Pay: AFP
- CLNX SM : UK CMA Says Cellnex-CK Hutchison Deal Would Harm Competition
- CNP FP : Banque Postale Buys 16.1% Stake in CNP Assurances From BPCE
- COPN SW : Cosmo, Cassiopea Report Settlement of Public Exchange Offer
- CSGN SW : Credit Suisse’s Varvel May Leave in Executive Shake Up, FT Says
- DPW GY : Watch European Delivery Stocks as FedEx Boosted by Price Rises
- DIA IM : DiaSorin Sees 2022 Adjusted Ebitda Margin About 35%
- EXO IM : Exor and Covea Sign Definitive Pact for PartnerRe Sale for $9B
- GETIB SS :Getinge Says Cost for Correcting Balloon Pumps Is Not Material
- IPN FP : Ipsen, Genfit Enter Exclusive Licensing Pact for Elafibranor
- JUVE IM : Juventus: Option Rights Subscribed for EU366.9m in Share Sale
- DRLCO DC : Maersk Drilling Upgrades Financial Guidance for 2021
- AOW NO : Ocean Winds, Aker Offshore Wind Plan Supply Chain Funding
- PAX SS : Paxman Offers SEK75m Shares in Private Placement, Priced @ SEK55/Share
- PAX SS : Paxman Offers SEK75m Shares in Private Placement, Priced @ SEK55/Share
- PROX BB : TeleSign to Merge With North Atlantic SPAC: M&A Snapshot
- REE SM : KKR to Buy 49% in Red Electrica Unit for EU971m: Cinco Dias
- ROG SW : Roche Gets CE Mark For Saliva Sample Use With Cobas Covid Tests
- STLA IM : Stellantis in Talks With Banks to Revamp Europe Auto Finance
- TIT IM : Telecom Italia Mulls Postponing Crucial Decision on KKR Bid
- UCG IM : UniCredit Names Basellini Head of ECM Italy, CE&EE, Intl Mkts
- VACN SW : VAT to Invest CHF160M in Switzerland, Malaysia; Adds 600 Jobs
- VOW GY : VW Bets on Scania to Lead Traton’s Challenge of Daimler, Volvo