U.S. equity futures pushed higher Friday and Asian stocks were mixed as investors evaluated the economic outlook amid moderating oil prices, tightening Federal Reserve monetary policy and Russia’s war in Ukraine. MSCI Inc.’s Asia-Pacific index pulled away from session lows, aided by turnarounds in Japan and China, where markets continue to expect steps to bolster growth. S&P 500, Nasdaq 100 and European contracts rose. Global stocks are coming off their worst quarter since the pandemic bear market. Oil retreated below $100 a barrel on a move by the U.S. to release 1 million barrels a day for six months from reserves to tackle rising energy costs. Russia’s invasion has disrupted commodity flows, stoking fuel and food prices. Treasuries dipped and the curve between two-year and 10-year yields remained close to inverting, a pattern that signals worries about an economic downturn if the Fed uses aggressive interest-rate hikes to damp high inflation. The yen was the worst performer in the Group-of-10 basket, while a dollar gauge advanced. U.S. payrolls figures later Friday may underline the case for Fed tightening, reinforcing a divergence with Japan’s dovish monetary settings that’s weighed on the latter’s currency. Investors begin a new quarter wondering if the fighting in Ukraine, the isolation of Russia and the Fed’s increasingly hawkish turn will engender still more volatility and losses for stocks and bonds. Raw materials are the only key asset class to deliver major gains so far in 2022. Cease-fire talks between Ukraine and Russia are set to resume Friday. President Vladimir Putin said Russia aims to keep supplying gas to European customers even as it demands they shift to payment in rubles. US After Hours GME +15.8% jumps on plans for stock split; BLND -15.6%, DCT -11.3%, BB -4.6% fall on earnings; SPRO -25.3% falls on FDA news
Nikkei -0.49% Hang Seng -0.89% CSI +1.22% Shanghai +0.79% Shenzen +0.48%
Eur$ 1.1075 CNH 6.3569 CNY 6.3507 JPY 122.39 GBP 1.3138 CHF 0.9237 RUB 81.3165 TRY 14.6763 WTI$ 99.36 -0.92% Gold 1,936.50 -0.05% BTC 44,680 -2.35% ETH 3,260 -1.20%
S&P +0.18% Nasdaq +0.23% EuroStoxx -0.18% FTSE -0.12% Dax -0.10% SMI -0.31%
Macro :
- Bitcoin Option Skew Keeps Bull Optimistic as Rally Sputters
- Sri Lanka Extends Power Cuts to 10 Hours as Diesel Runs Out
- France Considers Capping Some Renewable Windfall Profits: Echos
Keep an eye on :
Keep an eye on :
- ATYM LN : Atalaya Mining Holder Yanggu Xiangguang Copper Offers Shares
- BAS GY : Russia Gas Supply Cut Could Put German Firms at Risk: BASF CEO
- BBVA SM : Turkish Regulator Approves BBVA Offer to Buy Rest of Garanti
- BMW GY : BMW to launch China-exclusive all-electric 3 Series
- DOF NO : DOF, DOF Subsea Get Further Extension of Standstill Agreements
- EDF FP : France Considers Capping Some Renewable Windfall Profits: Echos
- GAZP RM : Germany Mulls Nationalization of Gazprom, Rosneft Units: HB
- HAG GY : Hensoldt Holder Square Lux Holding II Sarl Offers Shares: Terms
- HYL BB : Hyloris Pharmaceuticals Offering Prices at EU15.50/Share
- IBE SM : Iberdrola Says Suffered Cyber Attack That Exposed Client Data
- IPR PL : Impresa FY Net Income EU12.6M Vs. EU11.2M Y/y
- PSM GY : Chernin Entertainment Said to Explore Acquisitions
- PSM GY : Chernin Entertainment Said to Explore Acquisitions
- KN FP : BlackRock Hires Head of France, Belgium, Luxembourg From Natixis
- OMV AV : OMV’s Stern Sees No Basis for Russian Ruble Gas Payments: Presse
- PFC LN : Petrofac Wins Contract to Remove Stranded Australia Oil Platform
- PHARM NA : Pharming Shares Positive Data From Phase II/III Leniolisib Trial
- RNO FP : French New Car Registrations Fall 19.5% in March: PFA
- REV US : Revlon May Seek to Raise Capital During 2022
- ROSN RM : Germany Mulls Nationalization of Gazprom, Rosneft Units: HB
- RWE GY : Enkraft Amps Up Pressure on RWE With Board Candidate
- SAN FP : Sanofi Spinoff EuroAPI to Begin Trading on May 6 in Paris
- SAN SM : Santander Says Business Remained Strong in 1Q, Confirms Targets
- SHEL LN : Shell Says Production Starts at Trinidad and Tobago Gas Project
- SGRE SM : Valmont Wins $209m Order With Siemens Gamesa for Rotor Houses
- SW FP : Sodexo 1H Underlying Operating Profit Beats Estimates
- STLA IM : French New Car Registrations Fall 19.5% in March: PFA
- SBS GY : EQT, KKR Said to Weigh Bids for Stake in Medtech Firm Stratec
- TIT IM : Telecom Italia Reverses Wednesday Gains on Single-Network Report
- TEN IM : Tenaris Unit Only Bidder in Argentina Gas Pipeline Tender: Ieasa
- VALMT FH : Valmet Includes Neles in Its Guidance, Gives Financial Targets
- VWS DC : Vestas Wins 295 MW Order for Offshore Project in Taiwan
- VVY NA : Vivoryon Therapeutics Offers Up to 2m Shares to Trade April 5
- VOW GY : VW Recalls Plug-in Hybrid Vehicles Over Potential Fire Risk
- VOW GY : VW Said to Pick Banks for IPO of $100 Billion Porsche Unit (3)