Asian stocks were steady Wednesday and U.S. equity futures wavered as investors assessed risks to the economic recovery from the resurgent coronavirus. The dollar held an advance. MSCI Inc.’s gauge of Asia-Pacific shares edged up, with Japan, China and Hong Kong posting modest gains. Overnight, U.S.-listed Chinese equities tumbled again on Beijing’s regulatory crackdown. U.S. equity contracts fluctuated in the wake of the S&P 500’s largest decline in a month. Treasuries were little changed ahead of the release of the latest Federal Reserve minutes amid a highly uncertain outlook for yields. Traders are evaluating the spread of the delta virus variant, the prospect of reduced stimulus support and whether elevated inflation will prove transitory. Investors are evaluating the outlook for global stocks after a 90% advance from last year’s pandemic lows, as the fast-spreading delta strain impedes reopening and fans worries that economic growth is peaking. Meanwhile, the Jackson Hole symposium next week -- the Fed’s most-prominent annual conference -- may offer clues about when and how the central bank will taper bond purchases.
In a town hall meeting Tuesday, Fed Chair Jerome Powell flagged that the pandemic is “still casting a shadow on economic activity” but didn’t discuss the outlook for monetary policy or make specific comment on growth and the risks from the delta variant.
US after Hours ALC +4%, DNUT +2.9%, A +1.7% higher on earnings; CREE -3.8% falls on earnings; ANAB jumps +10% as FDA grants accelerated approval
Nikkei +0.67% Hang Seng +0.90% CSI +1.04% Shanghai +0.91% Shenzen +0.56%
Eur$ 1.1719 CNH 6.4867 CNY 6.4841 JPY 109.56 GBP 1.3753 CHF 0.9139 RUB 73.6306 TRY 8.4359 WTI$ 66.62 +0.05% Gold 1,791.18 +0.27% BTC 45,000 ETH 3035 -35
S&P +0.08% Nasdaq+0.12% EuroStoxx +0.14% FTSE +0.41% Dax +0.21% SMI +0.00%
Macro :
- U.S. Will Extend Transportation Mask Mandate to Jan. 18: Rtrs
- Euro-Dollar Eyes Return Toward 1.16 Support Zone: Markets Live
Spacs :
- Sportradar Files For U.S. IPO After SPAC Merger Flops
Keep an eye on :
- ALC SW : Alcon 2Q Core EPS Beats Estimates
- CARLB DC : Carlsberg Boosts FY Organic Operating Profit Forecast
- DPW GY : Deutsche Post Buys Drinks Shipper Hillebrand for $1.8 Billion
- DTE GY : T-Mobile Customer Data Stolen Includes Personal Info
- EMMN SW : Emmi Boosts FY Sales Forecast
- GSK LN : Glaxo’s Jemperli Gets FDA Approval for dMMR Tumour Treatment
- GSF NO : Grieg Seafood 2Q Ebit Misses Estimates
- ICA SS : ICA Gruppen 2Q Adjusted Operating Profit Beats Estimates
- JOMA SS : John Mattson to Buy Additional Stakes in HEFAB, EFIB for SEK1.5b
- LUN DC : Lundbeck 2Q Core Ebit Beats Estimates; Changes Outlook
- MGGT LN : Davidson Kempner Has 5.59% Voting Rights in Meggitt
- NEL NO : Nel Gets Order for H2Station Fueling Station From Everfuel
- NEL NO : Nel Enters Development Partnership With SFC Energy
- NETC DC : Netcompany 2Q Revenue Meets Estimates
- F3C GY : Nel Enters Development Partnership With SFC Energy
- STM FP : Cree, STMicroelectronics Expand Existing Supply Pact-
- TECN SW : Tecan 1H Ebitda Beats Estimates
- TEN IM : Tenaris Says CEO Rocca Acquitted by Argentine Court
- VOW3 GY : VW 'New Auto' Plan Has $94 Billion Porsche IPO Scope: BI Focus
- WCH GY : JinkoSolar Unit Signs Polysilicon Supply Pact With Wacker Chemie
- WAWI NO :Wallenius Wilhelmsen 2Q Ebitda Beats Estimates
- ROSE SW : Zur Rose 1H Sales Beat Estimates