U.S. equity futures slipped Friday and Asian stocks were steady as traders weighed mixed signals from the peace talks between Russia and Ukraine that are pushing oil further above $100 a barrel. European contracts wavered and those for the S&P 500 and Nasdaq 100 dipped following the best three-day rally in U.S. shares since 2020. An Asian equity gauge made modest gains. Chinese technology stocks came off session lows and mainland shares pushed higher, aided by Beijing’s vow this week to create market stability. There was speculation that the nation’s central bank may soon ease monetary policy. The war in Ukraine and the sanctions imposed on Russia continue to shape sentiment. JPMorgan Chase & Co. processed funds for interest payments due on Russian government dollar bonds, easing some fears of a default. Oil extended a surge after the Kremlin cast doubt on how much progress ongoing cease-fire talks are making. The war has severely disrupted Russian crude flows. The Pentagon warned Russian President Vladimir Putin may threaten to use nuclear weapons if the conflict drags on. Treasuries and the dollar were steady and commodity-linked currencies strengthened. The yen slid to around its weakest point versus the greenback in six years after the Bank of Japan stuck with its dovish policy stance. Global stocks have rebounded in recent days, putting them on course for their best week since November 2020. That suggests some of the worst fears about the inflationary commodity shock and hit to confidence from the war have eased. At the same time, the continued fighting and tightening Federal Reserve monetary policy point to the likelihood of more cross-asset swings ahead. investors were also evaluating Xi’s pledge to reduce the economic impact of his Covid-fighting measures. The move may signal a shift in a longstanding strategy that has minimized fatalities but weighed heavily on China’s economy. US After Hours FDX -2.7% and GME -9.1% lower on earnings; X -3.2% weak guidance dragging down steel names; STNE +21.2% jumps on earnings
Nikkei +0.65% Hang Seng -0.06% CSI +0.67% Shanghai +1.12% Shenzen +0.56%
Eur$ 1.1079 CNH 6.3693 CNY 6.3562 JPY 118.95 GBP 1.3152 CHF 0.9378 RUB 103.36 TRY 14.7848 WTI$ 105.69 +2.60% Gold 1,933.88 -0.46% BTC 40,700 -0.02% ETH 2795 -0.50%
S&P -0.49% Nasdaq -0.73% EuroStoxx -0.06% FTSE +0.32% Dax -0.20% SMI +0.25%
Macro :
- JPMorgan’s Kolanovic Says Market Bubble Corrections Almost Done
- Draghi Sets Italy’s Exit From Covid Rules in European Reopening
Keep an eye on :
Keep an eye on :
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