An Asian equity index fell on Friday amid mixed Federal Reserve policy signals on the likely pace of interest-rate hikes, while the dollar climbed as the spotlight fell again on geopolitical tension. MSCI Inc.’s Asia-Pacific share index shed less than 0.5%. Moves across Japan, China and Hong Kong were fairly muted. S&P 500, Nasdaq 100 and European futures slipped after Wall Street shares posted a small gain on Thursday. A greenback gauge hovered around a one-month high. Indonesian President Joko Widodo said China’s Xi Jinping and Russia’s Vladimir Putin plan to be at a Group of 20 summit in Bali later this year. That sets up a showdown with US President Joe Biden and other leaders as Russia continues its war in Ukraine. Treasury yields drifted higher. Oil, gold and Bitcoin dropped. Later Friday, a $2 trillion options expiration could stir volatility in global markets. Investor sentiment has been boosted by expectations of slower monetary tightening on signs that high inflation is cooling. But hurdles remain for the 12% jump in world equities from June lows, not least the risk of entrenched global price pressures alongside economic slowdowns in the US and China. Traders will pour over Fed Chair Jerome Powell’s comments at the symposium. There is already speculation he may lean against a recent loosening in financial conditions that makes it harder to curb the cost of living. Before that, Chinese banks will likely trim their benchmark loan prime rates Monday to help shore up the nation’s economy, where a power crunch is adding to drags from a property crisis and Covid-linked curbs. Indonesia’s president also said the nation could impose a tax on nickel exports this year. US After Hours: BILL +20.4%, AMAT +1.9% higher on earnings; BBBY -41.5% falls sharply as Ryan Cohen completes sale of BBBY stake, co also hires law firm to help address debt load, according to Bloomberg; MSGE +7.4% higher as co to explore spin-off.
Nikkei +0,09% Hang Seng +0,38% CSI -0,35% Shanghai -0,26% Shenzen -0,68%
Eur$ 1,0084 CNH 6,8221 CNY 6,8090 JPY 136,13 GBP 1,1922 CHF 0,9576 RUB 60 TRY 18,0823 WTI$ 90,19 Gold 1,756,4 BTC 22,815 -2,7% ETH 1,825 -3%
S&P -0,29% Nasdaq -0,35% EuroStoxx -0,29% FTSE +0,09% Dax -0,43% SMI -0,04%
Macro :
- Xi and Putin to Attend G-20 Summit in Indonesia, Jokowi Says
- Fed’s Bullard Leans Toward 75bps September Rate Rise: DJ
- Hedge Funds, Distressed Debt Buyers Bet on ‘Busted Converts’
- A $2 Trillion Options Deadline Is Make-Or-Break Moment for Bulls
- Bitcoin Continues Retreat as 200-Week Average Takes Focus Again
- Japan’s Largest Online Broker to Shut Crypto Mining in Russia
Keep an eye on :
- AC FP : Abu Dhabi Fund Seeks Buyer for Hotel at Record Price for Miami
- ALO FP : Alstom Gets EU590 Million SNCF Order for 15 High-Speed Trains
- BAVA DC : Monkeypox Shot Nears US Production Via Deal With Bavarian Nordic
- CBK GY : Commerz Real Buys 25% of Signa’s Elbtower Project in Hamburg
- HAG GY : Hensoldt Says French Unit Targeted by Serious Cyber Attack
- HOLMB SS : Holmen 2Q Adjusted Operating Profit Beats Estimates
- DRLCO DC : Maersk Drilling 1H Revenue $532M
- FLS DC : FLSmidth Boosts FY Revenue Forecast
_ TKWY NA : *JUST EAT TAKEAWAY SELLS IFOOD STAKE TO PROSUS FOR UP TO EU1.8B
- MSHL LN : Marshalls Slips on 1H Profit Drop; Analysts Note Softening DIY
- NANOV NO : Nordic Nanovector Appoints Carnegie to Explore Strategic Options
- PRX NA : *JUST EAT TAKEAWAY SELLS IFOOD STAKE TO PROSUS FOR UP TO EU1.8B
- PSPN SW : PSP Swiss Sees FY Adjusted Ebitda CHF290M, Saw Above CHF285M
- SAP GY : Two SAP Staffers Say HR Mishandled Their Work-Event Rape Claims
- SHUR BB : Shurgard 1H Property Operating Revenue EU161.4M Vs. EU143.8M Y/y
- SOON SW : Sonova to Buy China’s Hysound Group; No Purchase Price Disclosed
- UBXN SW : u-blox 1H Revenue CHF294.4M Vs. CHF192.7M Y/y
- UQA AV : Uniqa 1H Pretax Profit EU169.4M
- VIFN SW : Vifor, Cara Say Kapruvia Approved for Use in Switzerland
- VOD LN : Vodafone in Talks to Sell India Tower Unit Stake to CDPQ: ET