U.S. futures and Asian stocks rose Thursday as sentiment received a fillip from a pause in the global sovereign-bond selloff and possible steps to ease the cash crunch in China’s struggling property sector. MSCI Inc.’s Asia-Pacific share index snapped a five-session drop, led by a climb in Hong Kong amid a technology rally. U.S. and European futures were in the green. The S&P 500 shed 1% in a choppy session Wednesday, while the Nasdaq Composite entered a correction, down over 10% from a November high. Chinese regulators are considering making it easier for builders to access certain funds from presold properties, a step that would help tackle the industry’s liquidity crunch. An index of property developer shares climbed. Separately, Chinese lenders lowered borrowing costs to boost the economy. The dominant theme for markets remains prospective Fed rate hikes and the possible reduction of its holdings in Treasuries starting later in 2022. The withdrawal of outsized stimulus threatens to inject more volatility across a range of assets. Global stocks have already dropped more than 3% this year. In the U.S., upbeat earnings from companies including Morgan Stanley, UnitedHealth Group Inc. and Procter & Gamble Co. failed to shore up sentiment. The earnings season so far has been a little bit rocky, and investors need to monitor commentary from companies about price and wage pressures.
US After Hours EVA -6%, DFS -2.5% decline on earnings/guidance
Nikkei +1.11% Hang Seng +2.83% CSI +0.85% Shanghai -0.07% Shenzen -0.88%
Eur$ 1.1355 CNH 6.3471 CNY 6.3440 JPY 114.45 GBP 1.3629 CHF 0.9156 RUB 76.1489 TRY 13.5337 WTI$ 87.27 +0.36% Gold 1,840.25 -0.02% BTC 42,000 -0.50% ETH 3150 -0.20%
S&P +0.56% Nasdaq +0.73% EuroStoxx +0.44% FTSE +0.54% Dax +0.32% SMI +0.35%
Macro :
- Chinese Banks Cut Borrowing Costs as PBOC Signals Easing
- China Stocks Rally With Property in Lead as Easing Bets Advance
- European Seed VC Behind Cazoo and Flink Raises $340 Million Fund
Keep an eye on :
- AIR FP : Germany Courts BMW, Airbus in Bid to Speed Up Green Transition
- AA US : Alcoa 4Q Adjusted Ebitda Meets Estimates: Snapshot
- ALO FP : Alstom 3Q Sales Miss Estimates
- AOW NO : Aker Offshore Wind Isn’t Planning Capital Raise After ScotWind
- ASML NA : ASML Sees Berlin Factory Production Resuming in 1H: FAZ
- AZA SS : Avanza 4Q Operating Income Beats Estimates
- BEAN SW : Belimo FY Sales Beats Estimates
- BMW GY : Germany Courts BMW, Airbus in Bid to Speed Up Green Transition
- BNP FP : China’s Regulatory Risks Keep BNP Cautious on Their Stocks
- COTN SW : Comet Prelim FY Sales CHF513M
- EDF FP : EDF Halts 14 Oil, Gas Power Plants as Strike Enters Fourth Day
- EDP PL : EDP Renovaveis Says Electricity Generation Rose 6% in 2021
- GALE SW : Galenica FY Sales Beats Estimates
- GET FP : Getlink FY Revenue Meets Estimates
- GLB ID : Glanbia Co-op Seeks EU250 Million From Exchangeable Bond: Terms
- IBAB BB : IBA and Mercury Plastics Sign Contract for Irradiation Solution
- IDIA SW : Idorsia Gets Japanese PMDA Approval of PIVLAZ 150mg
- IDIA SW : Idorsia: Lancet Report Shows Day/Night Impact of Insomnia Drug
- MOVE SW : Medacta Prelim FY Revenue Meets Estimates
- KOA NO : Kongsberg Automotive Wins Contract With EU42m Est. Lifetime Rev
- LLBN SW : Liechtensteinische LB Prelim FY Operating Income CHF476M
- MC FP : French Champagne Sales Hit Record EU5.5 Billion in 2021: Echos
- PAH3 GY : Porsche SE's $49 Billion Volkswagen Stake Driven by Sportscars
- PST IM : Poste Italiane Weighs Buying Lottomatica Italia Servizi: MF
- REP SM : Repsol Must Compensate Oil Spill ‘Immediately’: Foreign Ministry
- ROSE SW : Zur Rose Says Client Data From Online Shop May Have Been Stolen
- SMCP FP : SMCP Names Christophe Chenut, Xavier Veret as Board Members
- SOI FP : Soitec Names Pierre Barnabé as Group CEO, Suceeding Paul Boudre
- SUSE GY : SUSE FY Adjusted Ebitda Beats Estimates
- TEL NO : Telenor Signs Collaboration Pact With Amazon Web Services
- TRUEB SS : Truecaller Holder Open Ocean Fund Three Ky Offers 12.5m Shares
- TRUEB SS : Truecaller Revenues for 4Q Expected at SEK380m-400m
- UNA NA : Unilever Won’t Increase Offer for GSK Consumer Unit Over GBP50B
- VALN SW : Valora to Propose Sascha Zahnd as Chairman at April 6 AGM
- VIRP FP : Virbac 4Q Revenue EU246.4M Vs. EU220.3M Y/y
- VLA FP : Valneva Says Covid-19 Vaccine Candidate Neutralizes Omicron
- VOW GY : Porsche SE's $49 Billion Volkswagen Stake Driven by Sportscars
- ROSE SW : Zur Rose FY Sales Beats Estimates