Most Asian stocks fell with U.S. and European futures Friday amid fresh U.S.-China tensions and as lawmakers continued to wrangle over a federal-spending deal in Washington. The dollar pushed higher.
Shares fell across much of Asia Pacific on volumes below the recent average. Sentiment took a hit after Reuters reported the U.S. is set to blacklist dozens of Chinese firms. S&P 500 futures pulled back after the index closed at a record high. A bipartisan U.S. stimulus deal “appears to be close at hand,” Senate Majority Leader Mitch McConnell said, but will probably require work over the weekend to get through Congress. Investors earlier took an unexpectedly large rise in jobless claims as a sign the two sides would be prodded toward an agreement. Treasury yields ticked lower.
Elsewhere, the yen retreated as the Bank of Japan maintained its main policy settings and extended its virus program by six months, saying it will take more action without hesitation if required. Oil edged back from the highest level since February. Bitcoin breached $23,000 for the first time. The pound fell as both sides in the Brexit negotiations played down expectations a deal will be reached.
US After Hours MRNA -1.5% trades slightly lower but got FDA panel thumbs up; FDX -3.3%, BB -2.8% trade lower despite earnings beats
Nikkei -0.19% Hang Seng -0.94% CSI -0.38% Shanghai -0.29% Shenzen -0.29%
Eur$ 1.2245 CNH 6.5305 CNY 6.5439 JPY 103.40 GBP 1.3530 CHF 0.8847 RUB 73.2120 TRY 7.7245 WTI$ 48.17 -0.39%
S&P -0.14% Nasdaq -0.18% EuroStoxx -0.28% FTSE -0.22% Dax -0.31% SMI -0.25%
Macro :
- EU Says Big Differences Remain on Brexit, Particularly on Fish
- Cryptocurrency Exchange Coinbase Says It’s Filed to Go Public
- Fund Flows to Stocks Surge With U.S. Most-Favored, Citi Says
Keep an eye on :
- AED BB : Aedifica Buys 13 Health Care Sites in Finland, NL for >EU100M
- AKERBP NO : Aker BP to Develop 13m BOE Grasel Discovery in 2021
- ATL IM : Atlantia Aims to Expand Further Into Europe Airport Sector: FT
- BMPS IM : Paschi to Raise as Much as $3.1 Billion to Meet Capital Needs
- DAI GY : Mercedes-Benz to Discontinue Car Production in Brazil
- DASH US : DoorDash Sinks After Citron Calls IPO ‘Most Ridiculous’ of 2020
- DIC GY : DIC Asset Buys Three German Real Estate Objects for EU179M
- ENEL IM : Enel Agrees to Sell Stake in Italy’s Open Fiber to Macquarie
- EL FP : EssilorLuxottica: Francesco Milleri Named as CEO
- HIK LN : Hikma Pharma Gets FDA Approval for Advair Diskus Generic
- IAG LN : Iberia Agrees to Buy Air Europa for EU500m: Confidencial
- IBE SM : Iberdrola Enters Polish Market With 50% Acquisition of Sea Wind
- KER FP : Gucci to Join Alibaba’s Luxury E-commerce Platform in China
- KPN NA : KPN Named as Top Takeover Target for 2021: M&A Desk Survey
- METSB FH : Metsa Fibre’s Kemi Pulp, Bioproduct Mill Gets Environment Permit
- ML FP : China Car OEM Tire Nov. Demand Up 7%: Michelin
- NXI FP : Nexity Confirms Group’s 2020 and 2021 Guidance
- NDA SS : Nordea to Close Its Bank in Russia
- OMV AV : OMV to Quit Two Offshore N.Z. Exploration Permits: BusinessDesk
- SPM IM : Italy’s CDP May Be Studying Options to Raise Saipem Stake: Sole
- SIE GY : Siemens Is Said to Explore Fresh Attempt to Sell Logistics Unit
- SIE GY : Siemens Sees Train Boom From Climate-Conscious Spending on Rail
- S30 FP : Solutions 30 Says Comgest Boosts Stake to 5.5%
- TCM LN : U-Blox Stays Committed to Progress Toward Possible Telit Offer
- URW NA : Tiger Global Management Boosts Short Position in Unibail
- DG FP : Vinci CEO Tenders Company’s Resignation From ADP Board
- VIV FP : Vivendi: Tencent-Led Group Buys Extra 10% of UMG Share Capital
- VOW GY : Volkswagen Plans to Link Top Executives’ Bonuses to ESG Targets
- WIE AV : Wienerberger Boosts U.S. Brick Business With $250 Million Deal