Asian stocks drifted with U.S. and European futures Friday after a rally in technology shares and Treasuries Thursday, as investors unwound some of this year’s dominant reflation trades. The dollar held gains and commodities steadied after overnight losses.
Equities saw modest gains in Hong Kong and Australia, and slipped in Japan after a central bank meeting. In China, shares pared a retreat as U.S. regulators proposed a ban on products from Huawei Technologies Co. and four other Chinese electronics companies. Nasdaq 100 futures outperformed after a fresh bout of rotation from cyclical stocks pushed the tech-heavy gauge to another record. The S&P 500 ended the U.S. session flat. European futures were little changed.
Treasury yields held a slide spurred by speculation investors were unwinding bets on a steeper curve, after Federal Reserve officials signaled monetary-policy tightening could start sooner than previously thought, helping to rein in the risk that inflation might get out of hand.
Australia’s three-year bond yields shot up after an influential economist said he expects the central bank to raise key interest rates in early 2023. Copper is headed for its worst week since the start of the pandemic and oil slipped Friday. An advance in the dollar this week has made commodities that are priced in greenback more expensive, driving declines across the complex.
The yen was little changed after the Bank of Japan maintained its policy rate and said it would extend its Covid support program.
US After Hours CDXS +6% and SWBI +3% rise on earnings/guidance while ATHA -34% falls after placing CEO on temporary leave
Nikkei -0.05% Hang Seng +0.68% CSI -0.05% Shanghai -0.10% Shenzen +0.67%
Eur$ 1.1905 CNH 6.4480 CNY 6.4439 JPY 110.11 GBP 1.3896 CHF 0.9181 RUB 72.4118 TRY 8.7058 WTI$ 70.71 -0.46% Gold 1,785.65 +0.65% BTC 37,550 -935 ETH 2,330 -35
S&P +0.11% Nasdaq +0.28% EuroStocc +0.00% FTSE -0.06% Dax -0.06% CAC +0.05% SMI +0.10%
Macro :
- Big-Tech Antitrust Bills to Be Taken Up By House Panel Wednesday
Macro :
- Big-Tech Antitrust Bills to Be Taken Up By House Panel Wednesday
- Jefferies Predicts More Luxury-Aviation M&A as Travel Rebounds
Keep an eye on :
Keep an eye on :
- ANA SM : Acciona Energia IPO Price Set at EU26.73-EU29.76 per Share
- ACX SM : Nippon Steel Offers 21.4m Acerinox Shares in Placement, UBS Says, Acerinox Shares Placed at EU10.20/Shr
- ALO FP : Alstom Signs EU2.6B Danish Railway Order for 100 Regional Trains
- AMAST SS : Amasten Fastighets Offers Up to 60m Shares
- ATG LN : Auction Technology to Sell ~20m Shares; Buy LiveAuctioneers
- BAYN GY : Bayer Healthcare’s Astepro Gets FDA OK for Nonprescription Use
- BBOX LN : Tritax Big Box Holder DV4 Properties Barwood Offers 26.9m Shares, Holder Prices at 193p/Share
- BNR GY : Brenntag Boosts FY Oper Ebitda Forecast, Beats Estimates
- BOBNN SW : Bobst FY Sales Forecast Beats Estimates
- BT/A LN : Altice May Buy More Stake in BT After 12% Buy, TMT Finance Says
- BUCN SW : Bucher, Peers Drop as Rally Across Agriculture Markets Recedes
- BN FP : Danone Sells Vega to WM Partners as Part of Portfolio Review
- BN FP : Danone Sells Vega to WM Partners as Part of Portfolio Review
- GFC FP : Gecina to Buy Bordeaux Residential Project for EU38.1m
- HCM LN : HutchMed (China) Seeks Up to $602.7m in Hong Kong Listing
- IMMU SS : Immunicum Offering of 33.2m Shares Prices at SEK4.25/Share
- KNIN SW : Kuehne + Nagel’s K-M Kuehne Sees Business Normalizing in H2: NZZ
- MDM FP : Maisons du Monde 1H Seen Strong, Re-Rating to Persist: Berenberg
- MS IM : Mediaset, DAZN Reach Deal on Ads for Serie A Soccer
- NESN SW : Supreme Court Backs Nestle, Cargill on Child-Slavery Suit
- ORPHA DC : *DENMARK MEME STOCK ORPHAZYME ADRS QUICKLY SLIDE 18%
- PRY IM : Prysmian Awarded EU140m Contract From Turkey’s Teias
- RR/ LN : Rolls-Royce Plans to Make Engines 100% Sustainable by 2023
- TSCO LN : Tesco 1Q Like-for-like U.K. Sales +0.5%
- VOW3 GY : Audi Plans No More New Gasoline, Diesel Cars From 2026: SZ
- WTB LN : Whitbread: 35.75% Voted Against Annual Report on Pay at AGM
- AWE LN : Wise Direct Listing to Challenge U.K. Tech Dud Streak: ECM Watch