U.S. equity futures edged down Tuesday as traders weighed the Federal Reserve’s hawkish policy pivot and the corporate earnings outlook to gauge if global shares will continue a recovery from this year’s rout. European contracts were brighter, rising about 1%. The S&P 500 and tech-heavy Nasdaq 100 on Monday completed their best two-day jumps since April and November 2020, respectively. Japanese shares were mixed and Australia climbed. They were among the few Asian markets open due to Lunar New Year holiday closures. Australia’s central bank scrapped a bond buying program, a step it said doesn’t imply a near-term interest-rate hike. That sapped the nation’s currency and bond yields. U.S. Treasury yields and the dollar inched lower. Oil extended a climb that’s helped to take the Bloomberg Commodity Spot Index to another record high. Gold pushed up to around $1,800 an ounce. The U.S. equity rebound pared January’s drop in global stocks to 5%, still the worst monthly performance since the pandemic’s onset in 2020. Waves of volatility have swept across markets after the Fed signaled swifter monetary-policy tightening to curb inflation than many had expected. For optimists, the corporate-earnings outlook continues to underpin the case for stocks. About 80% of U.S. companies that have reported so far this season have beaten or met projections. Elsewhere, traders continue to monitor diplomatic efforts between the U.S. and Russia to defuse tension over Ukraine.
Nikkei +0,28% Hang Seng closed CSI Closed Shanghai Closed Shenzen Closed
Eur$ 1.1240 CNH 6,3679 CNY 6,3612 JPY 115 GBP 1,3454 CHF 0,9253 RUB 77,0887 TRY 13,3592 WTI$ 88,45 Gold 1802,40 BTC 38,460 ETH 2,750
S&P -0,25% Nasdaq -0,20% EuroStoxx +1,01% FTSE +0,48% Dax +0,82% SMI +0,23%
Macro :
- The 60/40 Portfolio Has Worst Loss Since March 2020 on Fed Shift
- OPEC+ Expected to Ratify Supply Hike While Struggling to Deliver
Keep an eye on :
- BAS GY : Wintershall Dea Co-Owner Opposes BASF’s ‘Exclusive Focus’ on IPO
- BPOST BB : Bpost Names Former Finance Chief De Romree to Head U.S. Business
- ALCAR FP : Carmat Expects Aeson Artificial Heart Implants to Resume in Oct.
- DAI GY : Mercedes, Geely’s $5 Billion Smart JV Is Said to Seek Funding
- EL FP : EssilorLuxottica to Buy Back as Many as 1.5M Shares
- HEI GY : HeidelbergCement Prelim 4Q Revenue About EU4.7B, Est. EU4.55B
- ELIS FP : Elis Sees FY Ebitda Margin 34.5%, Saw Above 34.5%
- HLAG GY : Hapag-Lloyd Prelim FY Ebitda Above EU10.9B
- IHG LN : InterContinental to Add 50 Hotels to Luxury Portfolio in 2022
- LUNE SS : Lundin Energy 4Q Ebitda Beats Ests; Sverdrup Firmly on Track
- NSKOG NO : Norske Skog to Sell Nature’s Flame Pellets Company for NZD47.8m
- NTS NO : NTS Shareholders Drop Bid for Company After Mowi’s Higher Offer
- PMAG AV : Pierer Mobility Sees 2022 Ebit Margin 8% to 10%
- VAC FP : Pierre & Vacances Extends Exclusivity Agreement With Investors
- RNO FP : French New Car Registrations Fall 18.6% in Jan.: PFA
- SIGN SW : SIG to Buy Scholle IPN for EU1.05 Billion
- SIGN SW : SIG Combibloc Prelim FY Revenue Meets Estimates
- WAF GY : Siltronic Says GlobalWafers Won’t Complete $5 Billion Takeover
- SW FP : Sodexo Founder, Chairman Emeritus Pierre Bellon Dies
- STLN FP : French New Car Registrations Fall 18.6% in Jan.: PFA
- TEL2B SS : Tele2 4Q Adjusted Ebitda Misses Estimates
- TUI1 GY : TUI, Hansainvest Start Global Hotel Fund With Target of EU500M
- UBI FP : Sony Interactive to Buy Bungie for $3.6 Billion: M&A Snapshot
- UBSG SW : UBS Group 4Q Net Income Beats Estimates
- UBSG SW : UBS Sees Higher Client Activity Levels in 1Q vs 4Q
- VIE FP : Veolia Announces Completion of Sale of New Suez to Consortium