Treasuries declined as ongoing diplomatic efforts to help prevent the Israel-Hamas war from expanding into a wider conflict reduced demand for haven assets. Yields on the US 10-year benchmark climbed higher than 4.7%, while those on the 30-year rose more than four basis points, with the selloff steepening the yield curve further. Gold fell for a second day, as did oil. US President Joe Biden is set to visit Israel as part of a push to prevent the war from spreading. Secretary of State Antony Blinken also returned to Israel to meet Prime Minister Benjamin Netanyahu, after talks with Arab governments. Russian President Vladimir Putin held a call with the leaders of Egypt, Syria, Iran and the Palestinian Authority, and the Kremlin said there was a “unanimous opinion” on the need for a cease-fire. He spoke separately with Netanyahu. Elsewhere, the dollar steadied after falling in the previous session, while the kiwi was the worst performer among Group-of-10 peers as the nation reported slower-than-expected inflation. In stocks, an Asian equity gauge snapped a two-day decline while contracts for US equities slipped after both the S&P 500 and the Nasdaq 100 rose on Monday. Rio Tinto Plc climbed the most in a month following a report which showed the miner recorded a higher-than-expected increase in copper production for the third quarter. Japan’s auction of 20-year government bonds registered lower-than-expected cut-off price, indicating weak demand amid speculation the central bank will end negative interest rates sooner rather than later. Country Garden Holdings Co. is also on the radar as the clock is ticking for the distressed developer to pay interest on a dollar bond. The builder, which has become a symbol of China’s broader property debt crisis, must pay a $15.4 million coupon by the end of a 30-day grace period Oct. 17-18 before a default can be called. Another key focus in Asia is China’s Belt and Road forum, which Russia’s Putin is expected to attend. Investors looking to earnings season for a dose of good news are hanging their hopes on a familiar group: Big Tech. The five biggest companies in the S&P 500 — Apple Inc., Microsoft Corp., Alphabet Inc., Amazon.com Inc. and Nvidia Corp. — account for about a quarter of the benchmark’s market capitalization. Their earnings are projected to jump 34% from a year earlier on average, according to analyst estimates compiled by Bloomberg Intelligence. Bitcoin edged lower after surging as much as 10% as BlackRock Inc. said its application for an exchange-traded fund that invests directly in the cryptocurrency is still under review. US After Hours Quiet after-hours session; MRO +1.4% up on sales agreement with Glencore; NTCT -17.7% down on guidance.
Nikkei +1% Hang Seng +0.59% CSI +0.18% Shanghai +0.05% Shenzen -0.33%
Eur$ 1.0545 CNH 7.3183 CNY 7.3136 JPY 149.60 GBP 1.2194 CHF 0.9016 RUB 97.3976 TRY 27.9000 WTI$ 86.37 Gold 1915 -0.26% BTC 28,200 -0.72% ETH 1588 -0.03%
S&P -0.12% Nasdaq -0.13% EuroStoxx -0.02% FTSE -0.10% Dax +0.08% SMI -0.22%
Macro :
- Bitcoin’s 10% Jump to $30,000 Hints at ‘Playbook’ for ETF Era
- JPMorgan’s Kolanovic Says Buy Bonds, Gold as Stocks Face Risk
- Former Apollo Partner Strong Starts Infrastructure, Energy Firm
- Former Apollo Partner Strong Starts Infrastructure, Energy Firm
- Israel Latest: Minister Warns of Long War as Biden Weighs Visit
- Morgan Stanley Strategists Raise Poland Stock Exposure, Cut UAE
Keep an eye on :
- ABVX FP : Abivax Aims to Issue ~18.7M Shares in ADS Offering
Keep an eye on :
- ABVX FP : Abivax Aims to Issue ~18.7M Shares in ADS Offering
- ADP FP : Aeroports de Paris SA Sept. Passenger Traffic +15.1%
- ADJ GY : Adler: Avega Willing to Audit Standalone 2022, 2023 Statements
- AF FP : EU Seeks to Tighten Rules for Airline Mergers: FT
- ARAMI FP : Aramis Names Fabien Geerolf CFO
- ARGX BB : Argenx May Gain Up to 10% on Rare Disease Readout: Wells Fargo
- BG AV : Bawag 3Q Pretax Profit Beats Est., Will Assess Payouts
- BNP FP : BNP Paribas Insurance Unit to Buy Italy’s BCC Vita: Corriere
- DRW3 GY : Draegerwerk Forecasts FY Results
- FGR FP : Eiffage Consortium Wins EV Battery Plant Deal Worth ~€100M
- EQT SS : EQT-Backed Health Payments Software Maker Waystar Files for IPO
- ERICB SS : Ericsson Sees 4Q Adj. Ebita Margin at Around 10%, Says Weak Market to Persist in Quarter After Sales Miss
- EAPI FP : Sanofi’s EuroAPI a Rare Loser Among European Spinoffs: ECM Watch
- FAST NA : Fastned Raises €30.4M in New Bonds to Expand Network in Europe
- RACE IM : Ferrari Share Price Tops €300 For the First Time
- FRAS LN : Frasers Group Reaches Deal to Acquire SportScheck: Sky
- GLEN LN : Marathon Oil in LNG Sales Pact with Glencore for Alba Gas
- GSF NO : Grieg Seafood Prelim 3Q Harvest About 12,200 Metric Tons
- DEC FP : Vista Outdoor Plunges on Cut FY Sales Guide, Estimate Miss
- JUP LN : Jupiter Assets Under Management GBP50.8B
- KNIN SW : SATS, Kuehne+Nagel Collaborate on Value Chain Improvements
- LONN SW : Lonza Sees ‘24 Growth Offset By One-Offs; ‘High Twenties’ Margin
- MFEB IM : MediaForEurope to Group Class A, B Shares, Change Co.’s Isins
- MEDX SW : Medmix to Take 25% Stake in Aardex to Bolster Drug Delivery
- MITRA BB : Mithra Removes Proposal to Change Pay Policy at Holder Meeting
- NOD NO : Nordic Semiconductor 4Q Revenue Forecast Misses Estimates
- RI FP : Pernod Mulls Shipping New Scotch to Slake India’s Whiskey Thirst
- RIO LN : Rio Tinto 3Q Mined Copper Production Beats Estimates
- RR/ LN : Rolls-Royce to Layoff 2,500 Jobs as Soon as Tuesday: Sky
- TIT IM : Italy Reduces Phone Carriers’ Antitrust Fines in Billing Probe
- UMI BB : Umicore Expands Canadian EV Battery Plant, Gets Grants (Oct. 16)
- VOW GY : Volkswagen Brand Cost-Cutting Plan Runs Behind Schedule: Reuters
- WBD IM : Webuild's MSCI ESG Rating Raised to AA from A
- MF FP : Wendel Offers €383M For 51% Stake in IK Partners: M&A Snapshot