U.S. equity futures reversed declines and Asian stocks climbed Monday as concern receded over volatile retail trading and signs of an easing cash crunch in China aided sentiment. Silver futures surged.
S&P 500 contracts reversed an earlier drop of more than 1% to trade higher with European futures. Traders fretting about the implications of short-squeezes stirred up on internet forums helped push U.S. shares lower on Friday. Silver futures advanced 6% after the metal became the latest focus of such chatter.
Stocks in South Korea and Hong Kong outperformed. The onshore yuan slipped and Chinese stocks fluctuated after the People’s Bank of China injected funds in an effort to avoid a liquidity squeeze. The dollar edged lower and the yield on 10-year Treasuries ticked higher.
Nikkei +1.55% Hang seng +2.22% CSI +1.23% Shanghai +0.63% Shenzen +1.12%
Eur$ 1.2127 CNH 6.4620 CNY 6.4601 JPY 104.68 GBP 1.3739 CHF 0.8918 RUB 75.6215 TRY 7.2612 WTI$ 52.46 +048%
S&P +0.47% Nasdaq +0.43% EuroStoxx +0.66% FTSE +0.27% Dax +0.69% SMI +0.09%
Macro :
Macro :
- Robinhood Narrows Trading Restrictions to 8 Companies From 50
- *CHINA JAN. MANUFACTURING PMI AT 51.3; EST. 51.6
- Dalio Says GameStop Drama Reflects Growing Intolerance in U.S.
Spacs :
- Dalio Says GameStop Drama Reflects Growing Intolerance in U.S.
- Fed’s Kaplan: More Fiscal Relief Could Deliver Upside Surprise
Spacs :
- SPAC Spending Spree Moves to Asia as Funds Seek Out New Targets
- *ALTIMAR ACQUISITION III SEEKS TO RAISE $125M FOR SPAC
- SPAC Listing Boom Drives Record $63 Billion January for IPOs (1)
- Simon Property Group Acquisition Files for $300m SPAC IPO
Keep an eye on :
- AMC US : AMC Entertainment Holder Silver Lake Sold Its Entire Stake
- *ALTIMAR ACQUISITION III SEEKS TO RAISE $125M FOR SPAC
- SPAC Listing Boom Drives Record $63 Billion January for IPOs (1)
- Simon Property Group Acquisition Files for $300m SPAC IPO
- Jimmy Choo Ex-CEO Leads SPAC With Consumer Internet Focus
- *VPC IMPACT ACQUISITION HOLDINGS III FILES FOR $225M IPO
Keep an eye on :
- AMC US : AMC Entertainment Holder Silver Lake Sold Its Entire Stake
- BMW GY : BMW's Mini May Languish in the German Brand's Shadow in China
- EN FP : Bouygues Wins Gare de Nord Renovation Contract: Les Echos
- BP/ LN : BP to Sell 20% Stake in Oman’s Block 61 to PTTEP for $2.6b
- CBK GY : Commerzbank Management Debates Dividends, Share Buybacks: WamS
- CBK GY : German Economy Minister Proposes Scaling Back State Holdings
- DANSKE DC : Danske Asset Management Targets AGMs to Clean Up Greenwashing
- EQNR NO : Equinor to Improve Safety after 67 Serious Incidents, Misses
- RACE IM : Ferrari CEO Search List Is Said to Include Luxury-Brand Leaders
- GSK LN : Clover, Dynavax to Initiate Phase 2/3 Covid-19 Candidate Trial
- INPST NA : InPost Snags Amazon Deal to Tighten Grip on Polish E-Commerce
- IIA VAV : Aggregate Acquired Joint Control Over 9.03% Stake in S Immo
- BAER SW : Julius Baer FY Net Inflows Beats Estimates
- LI FP : Klepierre Says 70% of Portfolio Hit by Covid-19 Restrictions
- MTX GY : MTU Aero Sees Recovery in 2021, CEO Tells Euro am Sonntag
- PMAG AV : PIERER Mobility AG FY Ebit EU107.2M Vs. EU131.7M Y/y
- REC IM : Recordati Gets Licensing Agreement for Eligard Sale in Europe
- RYA ID : Ryanair Sees $1.1 Billion Loss as Resurgent Virus Extends Crisis
- SAB SM : Sabadell 4Q Net Loss EU201M
- WAF GY : GlobalWafers Plans to Protect Siltronic Jobs in Germany: FAZ
- STM GY : Stabilus 1Q Adjusted Ebit EU32.3M Vs. EU30M Y/y
- SWEDA SS : Swedbank CEO: No New Assessment of Any Potential U.S. Fine Today
- TEL NO : Telenor Says Parts of Myanmar Mobile Network Is Down
- TIT US : Telecom Italia Seeks Partners for Accelerated Rollout of Fiber
- UNA NA : Unilever Is Said to Pick Credit Suisse for Beauty Brands Sale
- XOM US : Exxon, Chevron CEOs Discussed Merger - WSJ (article attached)