Most Asian stocks fell Wednesday as the dollar held around a one-year high, bolstered by robust U.S. economic data that highlighted the case for tighter monetary policy and pushed up Treasury yields.
MSCI Inc.’s Asia-Pacific stock index snapped a four-day climb, with Japan lower amid slower export gains. U.S. and European futures fluctuated. The S&P 500 extended a rally overnight on expanding retail sales and solid reports from the likes of Home Depot Inc. that supported confidence in the U.S. outlook.
But a call for more hawkish monetary policy from Federal Reserve Bank of St. Louis President James Bullard underlined worries that high inflation could yet derail growth. Markets are waiting to see who President Joe Biden picks as Fed chair nominee from Governor Lael Brainard and incumbent Jerome Powell.
The yen traded around its weakest in more than four years and the euro was at the lowest since July 2020. Emerging Asian currencies slid and the Turkish lira extended a drop before a central bank meeting.
Treasuries held losses, with the 10-year yield above 1.6%. Traders are waiting to see the strength of demand at a 20-year auction Wednesday.
US After Hours VREX +8%, LZB +7% rise while AVDX -7%, DLO -7% decline on earnings/guidance
S&P -0,03% Nasdaq -0,05% EuroStoxx -0,10% FTE - 0,46% Dax -0, 12% SMI -0,23%
Macro :
- Brexit Adds $200 Million in Annual Card Fees to Retailers’ Bills
Macro :
- Brexit Adds $200 Million in Annual Card Fees to Retailers’ Bills
- Binance CEO ‘CZ’ Zhao Tries to Reassure Regulators About Crypto
- U.S. Net Long-Term Portfolio Securities Inflows $26.3b in Sept.
Keep an eye on :
Keep an eye on :
- AIR FP : India’s SpiceJet Says Boeing Agrees to Settle on 737 Max Claims
- ARYN SW : Aryzta 1Q Revenue EU424.9M Vs. EU672.6M Y/y
- AUTO1 GY : AUTO1 Boosts FY Gross Profit Forecast
- BARC LN : Some Barclays Investors Raise Concern on Staley’s Exit Pay: FT
- BSL GY : Basler AG Shuts IT Systems Amid Cyberattack
- BBVA SM : *GARANTI TO ALLOW BBVA TO CREATE VALUE FOR SHAREHOLDERS: TORRES
- BILL SS : Billerudkorsnäs Maintains Net Sales Growth of 3%-4% per Year
- BT/A LN : Drahi’s Altice International Loans $283m to BT-Holding U.K. Unit
- CTM SS : Catena Media 3Q Adjusted Ebitda EU16.0M Vs. EU12M Y/y
- CSGN SW : Qatar Voting Rights in Credit Suisse Rise to 5.026% From 4.84%
- CTPNV NA : CTP Reports 9-Month Profit Increase of 92% to EU317.8 Million
- DMGT LN : DMGT Says Kevin Beatty to Retire
- EDF FP : EDF Says Nuclear Finance Revamp Will Attract U.K. Pension Funds
- EVO SS : Casino Giant Evolution Alleged by Lawyer to Take Illegal Wagers
- FORTUM FH : Fortum Says Head of Business Technology Arun Aggarwal Leaves
- GBLB BB : Sienna Investment Managers in Exclusive Talks to Buy Acofi
- INPST NA : InPost Sees FY Adjusted Ebitda Margin 42% to 43%, Saw 41% to 43%
- ISP IM : Intesa Sanpaolo, Unions in Pact for Voluntary Departures, Hiring
- MC FP : Dior Draws Ire in China With Photo That “Smears Asian Women”
- MS IM : Italy Seeks Vivendi’s Bollore Dismissal for Mediaset Case: Ansa
- MOZN SW : Mobilezone to Launch Share Buyback Program
- MOZN SW : Mobilezone to Launch Share Buyback Program
- AERO SW : Montana Aerospace Offering Prices at CHF28.20/Share
- NKT DC : NKT 3Q Adjusted Revenue EU333.2M
- NOKIA FH : Nokia to Offer SaaS Services to Communication Service Firms
- ORTHEX FH : Orthex Holder Sponsor Capital Offers Up to 2.06m Shares
- PRU LN : Prudential CEO Seeks to Boost Investment in China Joint Venture
- SAN SM : Santander Asset Management Hires BlackRock’s Ricciardi as CEO
- SLM NO : Salmar 3Q Operating Ebit Misses Estimates
- SANN SW : Santhera, ReveraGen to Start Rolling Vamorolone NDA Filing in 1Q
- SSE LN : SSE Is Said to Consider Stake Sale in Power Network Assets
- SYNT LN : Synthomer Ebitda Outlook, Price Target Raised by Credit Suisse
- TLX GY : Talanx to Propose 2021 Dividend of EU1.60, Up From EU1.50
- TSLA US : Musk Nears Halfway Point With Tesla Sales Totaling $8.8 Billion
- UBI FP : Metaverse Is a Multitrillion-Dollar Opportunity, Epic CEO Says
- UBI FP : Ubisoft to Invest C$950 Million in Quebec, Open Fourth Studio
- UBSG SW : UBS Chairman Weber Says He Is ‘Skeptical’ On Cryptocurrencies
- VCT FP : Vicat Sees EU800M Investments Over 2021-2030
- VOW GY : Rivian Surpasses Volkswagen; Boeing Gets a Win: Industrials Wrap