Stocks in Asia were mixed Tuesday with investors weighing Chinese measures to support the economy and the prospect for faster Federal Reserve policy tightening to fight inflation.
Equities were modestly higher in Japan, aided by a sinking yen. Hong Kong technology names declined on ongoing concerns over regulation. China dropped as investors assessed measures to tackle economic headwinds from Covid-led lockdowns. U.S. futures gained after stocks ended little changed Monday. European contracts fell.
Treasury yields steadied after the long end declined Monday. St. Louis Fed President James Bullard said that rate increases of 75 basis points -- while not the base case -- shouldn’t be ruled out as the central bank needs to move quickly to combat inflation.
The yen extended its longest losing streak in at least half a century, falling past 128 per dollar, as the comments underscored a widening gap between U.S. and Japan rates. Australian bond yields jumped. The central bank hinted rates may rise sooner due to quicker inflation and a pickup in wages growth. The dollar extended an advance.
Macro :
- Banks Pile Up Big Misses on Underwriting Revenue: ECM Watch
- Altcoin Monero Surges as Owners Set Withdrawal From Exchanges
Keep an eye on :
- AMBUB DC : Ambu Expands Access to Over 1 Mln Procedures in ENT Segment
- AZN LN : Amoydx, AstraZeneca Sign Pact for Programs in China, EU, Japan
- BAMI IM : Cred Agricole Made Bid for Banco BPM Insur. Business: Repubblica
- BN FP : Danone 1Q Sales Growth Seen Boosted by Bottled Water: Preview
- EDP PL : EDP Renovaveis 1Q Electricity Generation Rises 14% Y/y
- GBLB BB : GBL Agrees to Buy Majority Stake in Affidea From B-FLEXION (1)
- IDEA LN : Software Company Ideagen Awaits Cinven Approach: The London Rush
- I2PO FP : Pinault, Partners Set to Buy Deezer in a $1.1 Billion Deal
- LHA GY : MSC-Lufthansa Favored Bidder for ITA Airways: Corriere
- MAP SM : Mapfre Says Total Premiums Grew 10.9% in the First Quarter
- TL5 SM : Mediaset Espana Hires Citi to Assess MFE’s Bid: El Confidencial
- RFAST SS : Stenhus Offers to Buy Randviken for SEK2.71b in Cash and Shares
- GLE FP : SocGen Unveils New Domestic Retail Branding Strategy
- STLA IM : Stellantis Suspends Production in Russia
- TIT IM : Telecom Italia Sells Inwit Stake: EMEA TMT Premarket
- TSLA US : Tesla Investor Trial Over 2018 Go-Private Tweet Set for Jan. 17
- TWTR US : An Apollo-Musk Twitter Offer Is Cold Water on Higher Bids: React