Asian stocks pulled back from record highs following declines in U.S. counterparts as the dollar reversed a dip. The MSCI Asia Pacific Index retreated as materials, energy and healthcare stocks weighed.
Benchmark indexes in Sydney, Tokyo and Hong Kong were lower, while stocks in China rose. The euro touched a three-year high against the greenback and sterling was little changed. The yen steadied after a six-day streak of gains. Bitcoin rebounded above $11,000 after slumping 26 percent Tuesday.
Traders are questioning the pace of gains in equity markets at the start of 2018 as the earnings season ramps up and bond investors mull the potential for monetary policy in the U.S. to be tightened more quickly. The flattening of the yield curve is also back in focus after a brief movement in the opposite direction earlier this month.
Macro :
- S&P 500 Suffers Worst Reversal in Two Years; VIX Jumps Above 11
- Weidmann: Asset Purchases Have ‘Not Negligible’ Side Effects
Keep an eye on :
- ACS SM : ACS to Issue Maximum Amount of 4.2m Shares in Phase 2 Execution ASML Sees 1Q EUV Revenue of About EU150 Mln; Backlog 28 Systems
- ASML NA :
- ATC NA : Altice N.V.’s B+ Rating May Be Cut by S&P on Spin-Off Plans
- ATC NA : Orange Can’t Carry France Fiber Investments Alone: Arcep Head
- ALO FP : Alstom 3Q Orders EU1.7B, Sales EU1.8B; Keeps 2020 Targets
- BRBY LN : Burberry Third Quarter Retail Comparable Sales Miss Estimates
- CLLN LN : Carillion Canada to Continue Business Operations: BNN
- CO FP : Casino 4Q Rev EU10B, Up 2% on Same-Store Basis
- CINE LN : Cineworld FY Group Revenue Rises 11.6%, Says Well Positioned
- EDF FP : Hinkley Point First EPR on Track for 2025 Delivery
- EUCAR FP : Europcar Sees Group ’17 Proforma Rev. Around EU2.8B
- FNAC FP : SocGen to Start Placement of 2.94M Fnac Darty Shares
- GE US : Trian Is Said to Push GE to Explore Unit Sales, Spinoffs: NYP
- GNEL LN : Genel Energy Gets Payment for Taq Taq Oil Exports in October
- ING FP : Ingenico Agrees To Buy Paymark for NZ$190m
- IPN FP : Exelixis & Ipsen Report Phase 3 Trial Results of Cabozantinib
- NESN VX : Nestle Sells U.S. Confectionery Unit to Ferrero for $2.8b
- ORA FP : Orange Can’t Carry France Fiber Investments Alone: Arcep Head
- PRO LN : Premier Oil Concludes Invitation to Exchange Convertible Bonds
- PRS SM : Prisa Board Approves Pact With Majority of Creditors: Filing
- RIO LN : Rio Tinto May Give More Cash Back to Investors, Macquarie Says
- RIO LN : Rio Says SEC Charges Over Mozambique Mine Should Be Dismissed
- SARENZA (Not quoted) : Sarenza Hires Rothschild to Review Options, Les Echos Says
- GLE FP : SocGen Faces Request to Recoup EU2.2b Kerviel Tax Credit: Canard
- UBM LN : Informa, UBM Propose Merger; Informa to Own 65.5% of New Firm
- VIV FP : Vivendi Enters Into Hedging Transaction on Fnac Darty Stake
- VOW3 GY : Lamborghini Sticks to Plan to Double Deliveries With New SUV
- VOW3 GY : VW Group Dec. Sales Rise 8.5% Y/y to 999,800 Vehicles