Stocks in Asia dropped alongside US equity futures with expectations on steeper US rate hikes growing after comments by two Federal Reserve officials. The dollar rallied. An Asian stock benchmark was set for a third straight weekly decline, the worst such run of losses since October. Contracts for both the S&P 500 and Nasdaq 100 were down after the underlying indexes sank more than 1% on Thursday. The Bloomberg dollar gauge rose as much as 0.4%, erasing its losses for the year, while benchmark Treasury yields climbed for a fourth day. The yields on two-year and 10-year Treasuries both set 2023 highs this week. Data on Thursday showed that US producer prices rebounded in January by the most since June. Investors have been upping their bets on how far the Fed will raise rates this tightening cycle. They now see the federal funds rate climbing past 5.2% in July, according to trading in the US money markets. That compares with a perceived peak rate of 4.9% just two weeks ago. In China, the central bank added the biggest amount of cash on record into the banking system to avoid a liquidity squeeze. Earlier, the government was said to be selecting regulatory veterans known for their strict campaigns against financial wrongdoing as the new chiefs of the country’s banking and securities watchdogs. In China, the central bank added the biggest amount of cash on record into the banking system to avoid a liquidity squeeze. Earlier, the government was said to be selecting regulatory veterans known for their strict campaigns against financial wrongdoing as the new chiefs of the country’s banking and securities watchdogs. Bitcoin retreated after three days of gains that were fueled by easing fears of a US regulatory crackdown.
oil headed for a weekly drop as rising US inventories and the prospect of further tightening by the Federal Reserve eclipsed the lift from more signs that Chinese energy demand is improving. Gold fell. US After Hours Busy earnings night; DASH +5.9%, DKNG +5.6%, AMAT +1.4% higher on earnings; AMN -9.7%, CGNX -8.1%, BIO -8%, TXRH -4.9% lower on earnings; OTTR +7.4% as it will join S&P SmallCap 600.
Nikkei -0.64% Hang Seng -0.58% CSI -0.48% Shanghai -0.16% Shenzen -0.61%
Eur$ 1.0639 CNH 6.8884 CNY 6.8775 JPY 134.71 GBP 1.1950 CHF 0.9291 RUB 74.8100 TRY 18.8621 WTI$ 77.61 -1.12% Gold 1,826.74 -0.53% BTC 23,750 -2.20% ETH 1,657 -1.52%
S&P -0.52% Nasdaq -0.74% EuroStoxx -0.88% FTSE -0.28% Dax -0.73% SMI -0.42%
Macro :
Macro :
- Putin’s War to Lop $190 Billion Off Economy in Delayed Reckoning
- Biden Doctors Say He’s ‘Fit For Duty’ Ahead of Expected 2024 Bid
- Biden Doctors Say He’s ‘Fit For Duty’ Ahead of Expected 2024 Bid
- Fed Hawks See Possible Case for Returning to Larger Rate Hikes
- China’s Top Tech Banker Goes Missing, Unnerving Finance Industry
- Wealthy Brits Are Reviving the Offset Mortgage to Lower Bills
Keep an eye on :
Keep an eye on :
- AIR FP : Boeing to Fold Jet-Financing Arm Into Its Commercial Division
- AF FP : Air France-KLM 4Q Net Income Beats Estimates
- AF FP : Air France’s €1.4 Billion Covid-19 Aid From France Gets EU Nod
- AKER NO : Aker 4Q Net Asset Value per Share NOK900 Vs. NOK929 Q/Q
- AKTIA FH : Aktia Bank 4Q Net Interest Income EU24.2M
- ALV GY : Allianz FY Operating Profit Beats Estimates
- ALV GY : Allianz Raises Dividend to Lure Shareholders After Fund Collapse
- AAPL US : Apple Has Begun Cutting Contractor Workforce: New York Post
- BRNL NA : Brunel FY Ebit Beats Estimates
- CTY1S FH : Citycon Sees 2023 EPRA EPS EU0.69 to EU0.81
- COFA FP : Coface FY Net Income Beats Estimates
- CSGN SW : Credit Suisse Singapore CEO Exits in Latest Asia Departure
- GLJ GY : Grenke Says Hirsch Takes Over From Michael Buecker as CEO
- GTT FP : GTT 2023 Ebitda Forecast Misses Estimates
- HHFA GY : Hamburger Hafen Prelim FY Ebit Beats Estimates
- HEIJM NA : Heijmans FY Revenue Beats Estimates
- HEIA NA : Femsa Surges on $3.7 Billion Offer to Begin Heineken Exit
- HEIO NA : FEMSA to Offer About EU3.5B Heineken Shrs, Convertible Bonds
- RMS FP : Hermes 4Q Sales at Constant Exchange Rates Beats Estimates
- NK FP : Imerys FY Revenue Misses Estimates
- KOMP NO : Komplett Bank Offering of 18.2m Shares Prices at NOK5.50/Share
- LHA GY : Germany’s Biggest Airports Hit by Staff Walkouts Over Pay
- MANU US : Qatari Royals Said to Plan £5 Billion Opening Bid for Man United
- MBG GY : Mercedes 4Q Ebit Beats Estimates
- MBG GY : Mercedes Announces $4.3 Billion Share Buyback
- MRNA US : Moderna Flu Shot Gives Mixed Immune Results in Final-Stage Trial
- NBA PL : Novabase Offers to Buy Back as Much as 20% of Its Stock
- PNDX SS : Pandox Buys The Queens Hotel in Leeds for About GBP53m
- PHIA NA : Philips Respironics Recalls Certain Ventilators, FDA Says
- PIHLIS FH : Pihlajalinna 4Q Revenue Beats Estimates
- PROX BB : Proximus 4Q Adjusted Ebitda Meets Estimates
- SAF FP : Safran Sees 2023 Free Cash Flow at Least EU2.5B, Est. EU2.15B
- SIKA SW : Sika FY Ebit Meets Estimates
- SIKA SW : Sika FY Ebit Meets Estimates
- SNAP US : Snapchat App Growth Accelerates, Tops 750 Million Users a Month
- STR AV : Strabag FY Output Volume EU17.74B Vs. EU16.13B Y/y
- SREN SW : Swiss Re FY Net Income Meets Estimates
- TEP FP : Teleperformance FY Adjusted Ebita Meets Estimates
- TIT IM : *CDP MAY INCLUDE OPEN FIBER IN TEL. ITALIA GRID BID: MESSAGGERO
- TKO FP : Tikehau Gets Investment From Families Behind AB Inbev: FT
- UBI FP : Ubisoft 3Q Net Bookings Misses Estimates
- UBI FP : Ubisoft Quarterly Bookings Miss Estimates With Slowing Demand
- UN01 GY : Uniper FY Adjusted Ebit Loss EU10.9B Vs. Profit EU950M Y/y
- VLA FP : Valneva: Pfizer to Discontinue Some Participants in Lyme Trial