Most Asian stocks rose Wednesday along with U.S. equity futures as traders weighed positive regional economic data and the Federal Reserve’s signal of stepped up efforts to curb elevated inflation.
MSCI Inc.’s Asia-Pacific share index jumped the most since mid-October. South Korea led gains on strong export growth, while purchasing managers’ gauges pointed to resilient Asian manufacturing. S&P 500, Nasdaq 100 and European futures pushed higher, indicating stabilization after U.S. stocks slumped.
Chair Jerome Powell said the next Fed meeting should discuss whether to wrap up bond purchases a few months sooner and retired the word “transitory” to describe high inflation. That could open the door to earlier interest-rate hikes. Money markets show about 60 basis points of increases priced in by end-2022.
Volatility is buffeting markets as investors scrutinize whether the pandemic recovery can weather diminishing monetary policy support and potential risks from the omicron virus variant. While central banks are scaling back ultra-loose settings, financial conditions remain favorable in key economies.
US After Hours AMBA +13.6%, BOX +7.3%, ZS +4.6% up sharply on earnings; CRM -6.1%, HPE -3% fall on earnings; MRK +1.5% higher as FDA advisory panel narrowly endorses oral pill
Nikkei +0,53% Hang Seng +1,04% CSI -0,06% Shanghai +0,05% Shenzen -0,17%
Eur$ 1,1335 CNH 6,3681 CNY 6,3661 JPY 113,54 GBP 1,3325 CHF 0,9203 RUB 73,7563 TRY 13,1876 WTI$ 68,24 Gold 1,786,80 BTC 57,000 -110 ETH 4,730 +100
S&P +0,91%% Nasdaq +1,44% EuroStoxx +0,87% FTSE +0,69% Dax +0,93% SMI +0,64%
Macro :
- Fed’s Clarida Says Comfortable With Inflation Expectations Now
Keep an eye on :
- ADL GY : LEG Buys 31% of Brack Capital, to Buy Adler’s Remaining Stake
- AIR FP : Qatar Airways CEO: Airbus Doesn’t Fully Grasp A350 Issues
- AF FP : Air France-KLM Working to Bolster Balance Sheet, Couderc Says
- ASAI SS : Artificial Solutions International Holder Offers Shares
- BT/A LN : BT Readies Itself for Bidders as Takeover Talk Intensifies
- CBK GY : Commerzbank's $87 Billion Mittelstand Exposure Still a Key Risk
- CRBN NA : Corbion Completes EU100M U.S. Private Placement
- RF FP : Eurazeo Extends CEO Virginie Morgon’s Contract by 4 Years
- GLKBN SW : Glarner Kantonalbank: 2M New Shares to be Created From Loans
- GSK LN : Vir CEO Sees Antibody Medicine Working on Omicron, Data in Weeks
- HUSQB SS : Husqvarna Raises Financial Targets, Unveils Operational Goals
- IDR SM : Indra to Acquire Chilean Credit Card Operator Nexus
- INTER NA : CVC No Longer in Talks With Intertrust About Potential Offer
- LEG GY : LEG Buys 31% of Brack Capital, to Buy Adler’s Remaining Stake
- LNZ AV : Lenzing Board Proposes Dividend of EU4.35 for Fiscal 2021
- DRLCO DC : Maersk Drilling Gets $5.4M Contract as Petrogas Exercises Option
- BMPS IM : Monte Paschi Eyes Restart of EU Talks as Year-End Deadline Looms
- POG LN : Petropavlovsk Holder Files Derivative Claim on IRC Stake Sale
- PROX BB : Proximus Exploring TeleSign Listing Through a SPAC Merger
- RECSI NO : REC Silicon Chief Executive Tore Torvund Steps Down
- RNO FP : French November New Car Registrations Slip 3.2%: PFA
- SAN FP : Sanofi to Buy Origimm Biotech, Adds Acne Vaccine Candidate
- SAN FP : Sanofi Aims to More Than Double Vaccine Sales by End of Decade
- SOI FP : SOITEC 1H Current Operating Income EU75.3M Vs. EU37.2M Y/y
- SEV FP : Cleanaway Says ACCC’s Decision Date on Suez Assets Deferred
- TW/ LN : Taylor Wimpey Rallies Into Close Following Betaville Report
- TIT IM : Telecom Italia’s Head of HR Luciano Sale Leaves Company
- UBSG SW : UBS Says Sarah Youngwood to Succeed Kirt Gardner as CFO
- VCAP LN : Vector Capital Sees Earnings Ahead of Market Expectations