A selloff in stocks moderated in Asia on Tuesday as traders assessed risks from China’s crackdown on the real-estate sector and looked ahead to this week’s Federal Reserve meeting. Treasury yields edged up.
Japan fell after reopening following a holiday, while Hong Kong slipped but avoided a repeat of the property-led tumble from a day earlier. U.S. and European futures advanced, suggesting a degree of improvement in sentiment. Dip-buyers in the last hour of trading helped the S&P 500 pare some losses overnight, though the index still posted the biggest drop since May.
A Hong Kong gauge of real-estate firms steadied, after developers disputed a report of pressure from the Chinese government. China Evergrande Group slid deeper in equity and credit markets. Concerns remain about broader contagionafter S&P Global Ratings said the developer is on the brink of default. China’s markets and those in South Korea remain closed for a holiday.
Treasuries pared an advance and the dollar dipped. Aside from worries over Evergrande’s ability to make good on $300 billion of liabilities, Wednesday’s Federal Reserve meeting also looms. Policy makers are expected to start laying the groundwork for paring stimulus.
In Canada, Prime Minister Justin Trudeau is poised to win a third term in a snap election but fall short of regaining a parliamentary majority. The nation’s currency was among the best performers in the Group-of-10 basket.
Elsewhere, Bitcoin slid in volatile trading, tumbling as much as 7.6% before bouncing back to above $42,000. Oil pared a slump and gold held onto gains.
US After Hours APRE rises +15% on presentation of eprenetapopt data while CRCA falls -24% on CRL for VP-102 NDA
Nikkei -1.80% Hang seng -0.74% CSI Closed Shanghai Closed Shenzen Closed
Eur$ 1.1732 CNH 6.4762 CNY 6.4661 JPY 109.60 GBP 1.3668 CHF 0.9276 RUB 73.5015 TRY 8.6656 WTI$ 71 +0.98% Gold 1,762.25 -0.11% BTC 42,700 -830 ETH 3000 -18
S&P +0.49% Nasdaq +0.41% EuroStoxx +0.36% FTSE +0.67% Dax +0.42% SMI
Macro :
Macro :
- SEC Expands U.S. Investor Warning on Chinese Stock Investments
- U.K. Won’t Bail Out Failed Companies Amid Crisis: Power Update
- U.K. Won’t Bail Out Failed Companies Amid Crisis: Power Update
- U.S. to Open Air Travel to Most Vaccinated Foreign Passengers
- Evergrande Blowup Ensnares Stocks With Pretty Flimsy China Links
- Megacap Tech Selloff Hits $600 Billion After Nasdaq 100’s Peak
- EU Backs France After Australia Scraps Submarine Deal, AFP Says
Keep an eye on :
Keep an eye on :
- ABI BB : Budweiser Brings Environmentally Friendly Beer Cans to Europe
- AF FP : Air France-KLM to Lay on U.S. Capacity as Soon as Tuesday
- AI FP : Air Products to Hike Prices in N. America for Some Gas Products
- ALO FP : Plastic Omnium, Alstom Partner on Railway Hydrogen Storage
- AMZN US : U.K.’s Johnson Raised Issue of Taxation with Amazon’s Bezos
- BATS LN : Altria Unlikely to Follow BAT Price Increases, Goldman Says
- BMW GY : Environmental Action Group Sues BMW, Mercedes: Handelsblatt
- BVB GY : Borussia Dortmund Elects Kullmann as Supervisory Board Chairman
- DAI GY : Environmental Action Group Sues BMW, Mercedes: Handelsblatt
- DPW GY : FedEx to Boost Shipping Rates From Next Year
- EBK GY : EnBW-CEO Aims to Switch to Hydrogen Power within 10 Years: HB
- EBK GY : EnBW-CEO Aims to Switch to Hydrogen Power within 10 Years: HB
- FAE SM : Faes Farma Licenses Bilastine to Hikma for U.S. Market
- IAG LN : Vueling Gets EU Nod for Orly Slots After Air France Recap
- KGH LN : Knights Says Performance is in Line With Expectations
- NKT DC : NKT Is Preferred Supplier for EUR1.1 Billion U.S. Project
- PGHN SW : Partners Group Closes 4th Buyout Program With $15B Commitments
- POM FP : Plastic Omnium, Alstom Partner on Railway Hydrogen Storage
- REP SM : Spain Bilbao Refinery to Start Green Hydrogen Plant in 2022
- RDSA NA : Shell’s Storm Damage Pinches One-Sixth of U.S. Gulf Oil
- RDSA NA : Shell’s Storm Damage Pinches One-Sixth of U.S. Gulf Oil
- RDSA LN : Shell to Give 75% of $9.5 Billion Permian Sale to Investors
- SAF FP : Vietnam’s Bamboo Airways to Ink $2 Billion GE Jet-Engine Deal
- SGC LN : U.K. Bus Group National Express Said to Weigh Bid for Stagecoach
- TEL NO : Telenor Says It Was Impossible to Stay in Myanmar After Coup
- VIV FP : UMG Pre-Spinoff Technical Reference Price EU18.50/Shr: Euronext
- VIV FP : Canal+ Group to Buy 70% of SPI International