U.S. equity futures retreated and Asian stocks struggled Tuesday amid a jump in Treasury yields as investors girded for interest-rate hikes by the Federal Reserve to quell high inflation. Pressure is growing for the Fed to act more quickly to contain price pressures, which are being stoked in part by a rally in oil that’s taken Brent crude to the highest since 2014. Nasdaq 100 contracts fell about 1%. S&P 500 and European futures were in the red too. U.S. markets reopen later from a holiday. MSCI Inc.’s Asia-Pacific share gauge turned lower, though China hung on to gains in the slipstream of interest-rate cuts Monday that spurred expectations of more policy easing. The dollar rose and commodity-linked currencies fell. The yen dipped after the Bank of Japan sat pat on policy while nudging up its inflation projection. Global stocks have declined this year, hurt by a retreat in U.S. shares. A key question now is whether company profits will revive sentiment by weathering higher costs and challenges from the omicron virus strain. JPMorgan Chase & Co. strategists contend that global corporate earnings will deliver significant beats this year, again defying doomsayers and skeptics. In the energy sector, easing concerns about the impact of omicron on demand together with shrinking oil inventories are contributing to forecasts of $100 per barrel crude later this year. Bitcoin traded at around $42,000, down about 9% so far this year.
Nikkei -0.27% Hang Seng -0.33% CSI +1.01% Shanghai +0.77% Shenzen -0.38%
Eur$ 1.1395 CNH 6.3469 CNY 6.3438 JPY 114.86 GBP 1.3637 CHF 0.9156 RUB 76.1510 TRY 13.4937 WTI$ 85.26 +1.74% Gold 1,817.35 -0.10% BTC 42,220 +0.20% ETH 3,190 -1.55%
S&P -044% Nasdaq -0.90% EuroStoxx -0.40% FTSE -0.12% Dax -0.24% SMI -0.39%
Macro :
- BC Partners Raises $1 Billion for its Debut Real Estate Fund
- China’s Property Sector Contraction Worsens in Blow to Economy
- Pudong Plans Bond Sale for Property M&A Loans: Evergrande Update
- Female-Backed VC Firm to Boost Crypto Bets With New Fundraise
Keep an eye on :
- ADP FP : ADP Dec. Passengers 5.22M
- ASPIRE SS : Aspire Bid Committee Recommends Owners to Accept NeoGames Offer
- ATL IM : Atlantia Agrees to Acquire Siemens Traffic Unit for $1.1 Billion
- AG1 GY : AUTO1 Says ‘Very Well Positioned’ for Ongoing Growth in 1Q 2022
- BB FP : BIC Agrees to Buy Inkbox, Upfront Payment EU57m
- CMBN SW : Cembra Money Bank General Counsel Hofacker to Leave End of June
- CFEB BB : CFE’s DEME Awarded 2GW in Scottisch Offshore Wind Leasing Round
- DNO NO : DNO 4Q Kurdistan Gross Operated Production 107,472 Boepd
- EDF FP : EDF Hit With Rating Warnings After France Acts on Energy Crisis
- EDF FP : EDF Halts Five French Oil and Gas Plants as Strike Continues
- ENGI FP : Belgian Agency Open to Keeping Two Nuclear Reactors Operating
- ENI IM : *SIXTH STREET CLOSE TO BUY MINORITY STAKE IN ENIPOWER: SOLE
- EVT GY : Evotec Enters up to $1B Value Drug Discovery Pact With Eli Lilly
- FLS DC : FLSmidth CEO Says Future Acquisitions Likely to Be Small: Borsen
- GAM SW : GAM Holding Prelim FY Underlying Pretax Loss CHF10M
- GSK LN : Glaxo Seeks Qatar, Singapore Wealth Funds as Investors:Telegraph
- HEI NA : Heineken May Sell S. Africa Strongbow Stake in Distell Deal: BD
- BOSS GY : Hugo Boss Prelim 4Q Sales Beat Estimates
- KIE LN : Kier in Advanced Talks to Buy Tilbury Douglas: Sky News
- LISN SW : Lindt & Spruengli FY Sales Meet Estimates
- MCPHY FP : McPhy Energy Signs Hydrogen Equipment Deal With Eiffage
- MOLN SW : Molecular Partners Agrees to In-License Ensovibep to Novartis
- NOBINA SS : Basalt Extends Nobina Offer Period; Holds 88.6% of Shares
- NDX1 GY : Nordex FY Orders 7.95 GW Vs. 6.02 Y/y
- PAT GY : Patrizia Buys EUR600m Barcelona Apartment Portfolio
- SIKA SW : N.Z. Regulator Says Sika Seeks Clearance to Buy MBCC Assets
- SW FP : Bain Capital Weighs Bid for Stake in Sodexo Benefits Unit: Rtrs
- STLA IM : Stellantis Sales in Japan Hit Record as Car Appreciation Climbs
- Technoprobe IPO : Technoprobe to List on Euronext Growth Milan by February: Sole
- UCB BB : UCB’s Bimekizumab Second Phase III Study Met Primary Endpoint
- DG FP : Vinci Airports Dec. Traffic +130% Y/Y
- VOW GY : Top Carmaker Shutdowns Hint More to Come in Covid-Zero China