U.S. and European futures started October on the back foot alongside Asian stocks, after overnight losses in the S&P 500 capped its biggest monthly selloff since March 2020.
Shares slumped in Japan and Australia, and a gauge of Asian stocks hit its lowest in more than a month. China began a week-long holiday and Hong Kong’s market was shut Friday. The S&P 500closed at the lowest level since July, extending its September losses to almost 5%. Economically sensitive companies like industrials and financials were among the worst performers. Infighting among President Joe Biden’s Democrats signals his big spending plans will likely be both delayed and reduced.
Treasuries edged higher, with the 10-year yield dipping below 1.50%. The dollar added to gains for the week. Crude oil fluctuated after a tumultuous session during which China was said to order its top energy companies to secure supplies at all costs amid shortages, prompting the White House to reiterate its own concerns over rising prices.
Macro :
- Coalition Uncertainty Casts Shadow Over DAX Growth: 2021 Outlook
Keep an eye on :
- ACX SM : Acerinox Offering by Holder Nippon Steel Prices at EU10.55/Share
- AI FP : Vinci, Air Liquide, TotalEnergies Launch EU1.5B Hydrogen Fund
- AO/ LN : AO World Sees FY Group Adj. Ebitda Between GBP35m-GBP50m
- BARN SW : Barry Callebaut Names Van Sligter President EMEA per Oct. 1
- PRSM LN : Blue Prism Investor Coast to Reject $1.5 Billion Vista Takeover
- BNTX US : BioNTech Reports First Patient Dosed in Colorectal Cancer Study
- CPI LN : Capita to Sell Secure Solutions and Services Business (1)
- ACAF P : Credit Agricole Confirms Talks to Sell Moroccan Unit
- DAI GY : Daimler Plans Renaming to Mercedes-Benz Group in Feb. 2022
- DAI GY : Daimler Investors to Vote on Splitting Mercedes From Trucks
- DANSKE DC : Danske Bank Signs IT Deal With Amazon, FinansWatch Says
- ERM LN : Euromoney Sees FY Adj. Pretax Pre-IAS 38 Impact Ahead of Ests.
- ERF FP : Eurofins Says Court Backs Viracor in Patent Infringement Case
- ICAD FP : Icade Sante Says Market Conditions Make IPO Impossible
- INGA NA : ING's 1.7 Billion-Euro Buyback Confirms Sector Catalyst: React
- JGW LN : JD Wetherspoon Like-for-Like Sales Down 8.7% in First Nine Weeks
- JUVE IM : Juventus Loses Only Buy Rating on Slow Recovery, Ronaldo Exit
- JUVE IM : Juventus Loses Only Buy Rating on Slow Recovery, Ronaldo Exit
- KOG NO : Kongsberg Wins Contract With USMC for C-UAS Capability
- LEO GY : Leoni Plans to Sell Industrial Solutions Unit to BizLink
- LUCE LN : Luceco New RCF to Provide Group With Borrowing of Up to GBP120m
- LUNE SS : Lundin Energy Reports First Oil From the Solveig Field
- LUN DC : Lundbeck Says U.S. Court Upheld Patent Rights to Trintellix
- PDX SS : Paradox Interactive Cancels Games, Takes SEK135m Writedown
- PRY IM : Prysmian: Notice to Proceed for EU200M U.S. Wind Farm Project
- RAND NA : Randstad Acquires Cella at Enterprise Value EU112m
- RNO FP : French Sept. New Car Registrations Drop 20.47%: PFA
- RNO FP : Renault to Receive EU930.6m Dividend From RCI Finance Arm
- SAP GY : SAP Accused of Lack of Diversity in Singapore High Court
- VWS DC : Vestas 3Q Wind Turbine Orders Reach 3,167MW After Late Rush
- DG FP : Vinci, Air Liquide, TotalEnergies Launch EU1.5B Hydrogen Fund