Most Asian stocks rose Monday after the outcome of Japan’s election bolstered expectations for fiscal stimulus and as all-time highs for U.S. shares encouraged some investor optimism. The yen weakened.
Equities jumped more than 2% in Japan, where Prime Minister Fumio Kishida’s Liberal Democratic Party defied forecasts by preserving its outright majority. Stocks dipped in China amid data signaling economic weakness due to power shortages, surging commodity prices and Covid curbs. A Hong Kong gauge of Chinese technology stocks fell. U.S. and European futures advanced. Fixed-income market upheavals suggest investors anticipate a slowdown in the recovery from the pandemic as price pressures lead central banks to reduce economic support. Supply-chain disruptions and an energy squeeze are fueling jumps in the cost of living. Global shares have so far shrugged off such risks and remain close to all-time peaks, supported by company earnings. Kerry Craig, global market strategist at JPMorgan Asset Management, said on Bloomberg Television. “If you look at equities and the rally you are seeing, you think everything is OK. If you look at the bond market and how yields are moving, there’s obviously a lot more concern around inflation and policy normalization.” Treasury Secretary Janet Yellen said she wasn’t worried by recent sharp moves in Treasury yields and expressed confidence in the recovery from the health crisis. crude oil wavered as pressure mounts on OPEC+ to boost production when it meets on Thursday. Recent weakness in crude is a short-term pull back in an “otherwise intact bull market,” Goldman Sachs Group Inc. analysts wrote in a note, reaffirming a year-end Brent target of $90 a barrel.
Nikkei +2,61% Hang Seng -0,98% CSI -0,31% Shanghai -0,01% Shenzen +0,62%
Eur$1,1559 CNY 6,4006 CNH 6?3995 JPY 114,31 GBP 1,3680 CHF 0,9164 RUB 71,1464 TRY 9,5402 WTI$ 83,10 -0,60% Gold 1,783,81 BTC 60,900 -64 ETH 4,259,5 -16,50
S&P +0,16% Nasdaq +0,22% EuroStoxx +0,53% FTSE +0,22% Dax +0,48% SMI +0,29%
Macro :
- Russia’s Dirty Gas Is Keeping Europe From Freezing Over
- Bitcoin Volatility Drop Signals Rallies With Less Jitters: Chart
- Iran-Europe Talks to Resume in Late November, Blinken Says (1)
- Yellen Says U.S., China Tariff Lowering May Ease Inflation: Rtrs
- Chinese Bid for Welsh Chip Factory Faces New Hurdle
- Two Thirds of China’s Top Developers Breach a ‘Red Line’ on Debt
Keep an eye on :
- ADJ GY : JPMorgan Backs Adler Amid Short-Seller Allegations: FT
- MT NA : Watch Steel Stocks as U.S. and EU Strike Deal to Remove Tariffs
- BILL SS : Billerudkorsnas Sells U.K. Beetham Mill to Inspirit for SEK30m
- CA FP : Carrefour Raises Climate Goals as Targets 2040 Carbon Neutrality
- CSGN SW : Credit Suisse to Hold Investor Day Nov. 4
- DANSKE DC : Danske Pension Unit Says It’s Taking Market Share: Borsen
- DASH US : SoftBank’s Vision Fund Sells $2 Billion of DoorDash Shares
- DBK GY : Deutsche Bank CEO Says Inflationary Pressures Aren’t Temporary
- FIM FP : Fimalac Would Stay in Equans Long Term if Picked as Buyer: JDD
- IDIA SW : Idorsia to Advance Lupus Drug Cenerimod Into Phase 3
- IMPN SW : Implenia Sees FY Ebit Above CHF100M
- NOVN SW : Novartis Considering Listing Sandoz on Swiss Borse, NZZamS Says
- OCGN US : Ocugen Most Cited in Stocktwits; SoFi Technologies Rises Most
- ORPHA DC : Orphazyme Says FDA Seeks More Data on Arimoclomol to Address CRL
- PUB FP : Publicis Loses Bid to Escape Opioid Marketing Lawsuit: Rtrs
- RNO FP : French October New Car Registrations Fall 30.71%
- RHM GY : Rheinmetall Reports Fire at South African Munitions Factory
- RR/ LN : Rolls-Royce joins with Qatar to pump billions into green start-ups in UK - FT
- RYA LN : Ryanair Says Portugal Blocked Three New Morocco Routes
- RYA LN : Ryanair 2Q Profit After Tax Misses Ests; Considers LSE Delisting
- STLA IM : French October New Car Registrations Fall 30.71%
- TIT IM : Telecom Italia Board Said to Meet Nov. 11 at Vivendi’s Request
- VLA FP : Valneva Reports Full Exercise of Option to Buy Additional ADSs
- VOW3 GY : VW’s Czech Unit to Restart Output After Chip Shortage, CTK Says