Stocks, U.S. equity futures and sovereign bonds fell Friday as the prospect of one of the most aggressive Federal Reserve monetary tightening cycles in recent history sowed more market discontent. An Asian share gauge sank about 1% to a more than one-month low, sapped by Japan and Hong Kong. S&P 500, Nasdaq 100 and European contracts were also in the red. Energy and technology equities led the U.S. lower Thursday.
China’s economy-sapping Covid lockdowns weighed on the nation’s equity bourses. Beijing’s vow of market stability has so far failed to revive sentiment much. The latest step was a statement from the securities watchdog urging institutional investors to buy more domestic shares. Shorter maturities paced a retreat in Treasuries on the prospect of three consecutive half-point Fed interest-rate hikes, which would be the sharpest tightening since 1982. Fed Chair Jerome Powell signaledincreases of such increments are possible and favored the idea of “front-end loading” moves. A portion of the Treasury yield curve inverted again. That may indicate worries about whether the Fed’s campaign against price pressures -- which have been stoked in part by Russia’s war in Ukraine -- will tip the world’s largest economy into a downturn. Bonds in Australia and New Zealand declined. US After Hours CRSR -13.3%, GMED -11.4%, GPS -11% fall on weak guidance; ATEN +10.3% as it gets added to S&P SmallCap 600
Nikkei -1,74% Hang Seng -0,55% CSI +0,12% Shanghai -0,07% Shenzen -0,92%
Eur$ 1,0843 CNH 6,4920 CNY 6,4689 JPY 128,22 GBP 1,3025 RUB 80,8230 TRY 14,7065 WTI$ 102,74 Gold 1952,57 BTC 40,622 ETH 3015
S&P -0,23% Nasdaq -0,19% EuroStoxx -1,81% FTSE -1,62% Dax -1,54% SMI -1,05%
Macro :
- Alberto Gallo Has Left Algebris to Start His Own Hedge Fund
- Citi Strategists Expect a Weaker 1Q Reporting Season in Europe
- JPMorgan Expects S&P 500 Earnings to Blow Past Gloomy Estimates
Keep an eye on :
- ABI BB : AB InBev Names Ricardo Tadeu Chief Growth Officer
- ABI BB : AB InBev to Sell Stake in Russian JV, Sees $1.1B Charge in 1Q
- ADL GY : Adler Says KPMG Found Issues With Real Estate Transactions
- ADL GY : Adler to Present 2021 Accounts This Month Following KPMG Probe
- ABIO FP : Albioma 1Q Revenue EU160.1M Vs. EU126M Y/y
- ALMA FH : Alma Media 1Q Adjusted Operating Profit Beats Estimates
- ALV GY : Pimco-Owner Allianz to Stop Offering Own IT System to Rivals
- ARJOB SS : Arjo 1Q Adjusted Ebitda Beats Estimates
- ARM IPO LN : SoftBank Plans to Retain Controlling Stake in Arm After IPO
- BAMI IM : Banco BPM to Review Bids for Its Insurance Business
- BVI FP : Bureau Veritas 1Q Revenue Beats Estimates
- BWE NO : BW Offshore Sells FPSO Polvo for $50m to BW Energy
- CARM FP : Carmila 1Q Gross Rental Income EU90.8M
- CO FP : Casino 1Q Revenue Meets Estimates, Casino CFO: Recent Situation in Paris Stores Has Been Improving
- COV FP : Covivio 1Q Revenue EU147.9M Vs. EU144.3M Y/y
- CSGN SW : Credit Suisse, SocGen May See Trading Drop as War Upends Markets
- ELISA FH : Elisa 1Q Comparable Ebitda Matches Estimates
- ENTRA NO : Entra 1Q Rental Income Misses Estimates
- EL FP : EssilorLuxottica 1Q Revenue in Constant Currency +11.5%
- FDJ FP : FDJ 1Q Revenue EU613.0M Vs. EU537.7M Y/y
- FINGB SS : Fingerprint Cards 1Q Oper Loss SEK31.7M Vs. Profit SEK1.7M Y/y
- FLOW NA : Flow Traders 1Q Net Trading Income Beats Estimates
- FNAC FP : Fnac Darty 1Q Like-for-Like Sales -2.5%
- FUR NA : Fugro 1Q Revenue EU365.4M Vs. EU283.8M Y/y
- GFC FP : Gecina 1Q Like-for-Like Rental +2.2%
- GOGO US : SpaceX Lands First Starlink Aviation Deal With Texas Startup
- GS US : Goldman Sachs Raises $3.5 Billion for Global Real Estate Bets
- GTT FP : GTT 1Q Revenue EU68.2M Vs. EU87.6M Y/y
- HOLN SW : Holcim 1Q Sales Beats Estimates
- HOLN SW : Holcim Raises Sales Outlook on Strong Demand From all Regions
- HSV LN : HomeServe Enters Into Talks With Brookfield Infrastructure
- IDR SM : Indra Sistemas Says Co-CEO Ruiz Leaves by Mutual Agreement
- IFCN SW : Inficon 1Q Sales $138.3M
- IPS FP : Ipsos 1Q Organic Growth 12.3%, Confirms FY Guidance
- KER FP : Kering CFO Says Chinese Demand Fundamentals Still ‘Intact’
- KER FP : Kering 1Q Gucci Revenue on a Comparable Basis Misses Estimates
- KINVB SS : Kinnevik Shares Plummet, DNB Flags NAV Revisions Ahead
- KCR FH : Konecranes Writes Off EU79m Russia Orders, Cancels EU32m Sales
- MRL SM : Foreigners Spend Twice the Money on a Lisbon Home Than Locals
- B4B GY : Metro Sees FY Comp Sales +9% to +15%, Saw +3% to +7%
- MTRS SS : Munters 1Q Net Sales Beats Estimates
- MUX GY : Mutares to Acquire Siemens Energy Engines Ops in Spain
- OVS IM : OVS FY Adjusted Net Sales Matches Estimates
- PHARMA NA : Pharming’s Minority Stake in Bioconnection Drops to 22.98%
- RNO FP : *RENAULT 1Q REV. EU9.75B, EST. EU9.27B; CONFIRMS FY FORECASTS
- SAABB SS : Saab 1Q Operating Profit Beats Estimates
- SAP GY : SAP Cloud Sales Accelerate Further Amid Business Impact From War
- S30 FP : Bain Is Said to Weigh Deal for IT Services Provider Solutions 30
- SZG GY : Salzgitter Boosts FY Pretax Profit Forecast
- SCHP SW : Schindler 1Q Orders Beats Estimates
- GLE FP : SocGen May Sell Rosbank for Up to 60b Rubles: Kommersant
- SO FP : Somfy 1Q Like-for-Like Sales +9.2%
- TWTR US : Musk Forms ‘X Holdings’ After Hints at Parent for Tesla, SpaceX
- DG FP : Vinci 1Q Revenue Beats Estimates
- VOLVB SS : Volvo 1Q Adjusted Operating Profit Beats Estimates
- WDP BB : WDP Sees FY Adj EPS at Least EU1.20, Saw EU1.20, Est. EU1.19