A global rebound in stocks moderated in Asia on Wednesday amid uncertainty over the omicron virus strain’s economic impact and a foggy outlook for U.S. fiscal stimulus.
A rally in technology shares bolstered Hong Kong, while markets in China and Japan were steady. U.S. futures turned lower after the S&P 500 snapped three days of declines and the tech-heavy Nasdaq 100 climbed more than 2%. European contracts made modest gains.
Risk appetite revived on Tuesday, stoking a jump in commodities and eroding demand for havens. Crude oil and Treasury yields remained higher, while a dollar gauge was little changed.
Thinner trading volumes heading into the Christmas holidays could exacerbate market swings, leaving strategists reluctant to read much into day-to-day gyrations during the period. Markets continue to be shadowed by escalating mobility curbs to fight omicron and a diminishing stimulus tailwind.
Sentiment got a boost after President Joe Biden said he still has a chance to strike a deal with Senator Joe Manchin to get his roughly $2 trillion economic plan, Build Back Better, through Congress.
US After Hours BB +1.5% modestly higher on earnings; VOYA jumps +8.3% on being added to S&P MidCap 400; CAMP -13.5%, RKLY -7.4%, AIR -6% lower on earnings/guidance
Nikkei +0.16% Hang Seng +0.22% CSI +0.08% Shanghai -0.01% Shenzen +0.64%
Eur$ 1.1268 CNH 6.3796 CNY 6.3728 JPY 114.09 GBP 1.3255 CHF 0.9241 RUB 74.0880 TRY 12.3446 WTI$ 71.27 +3.88% Gold 1,789.31 -0.09% BTC 49,330 +0.45% ETH 4,050 +0.59%
S&P -0.09% Nasdaq -0.14% EuroStoxx +0.45% FTSE +0.28% Dax +0.38% SMI +0.49%
Macro :
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Macro :
- $50 Trillion Question Is What If Yields Spike Higher: Macro View
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- The Only Way Is Up for Worst-Performing Major Commodity of 2021
Keep an eye on :
Keep an eye on :
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- ALV GY : Allianz to Invest 220b Yen in Japan Rental Properties: Nikkei
- AZN LN : Oxford Uni., Astra Start Work on Omicron-Targeted Vaccine: FT
- BAR BB : Barco Lowers Earnings Forecast, Cites Supply Chain Disruptions
- BAR BB : Barco Lowers Earnings Forecast, Cites Supply Chain Disruptions
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- EDP FP : EDP Says Construction of Sines Hydrogen Project to Start in 2023
- ENEL IM : Enel Renews Partnership With Cinven in Ufinet Latam
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- HBH GY : Hornbach Holding Maintains FY Adjusted Ebit EU330M to EU380M
- BAER SW : Julius Baer Names Evie Kostakis New Chief Financial Officer
- TKWY NA : Just Eat Expands U.K. Grocery Delivery With One Stop Partnership
- TKWYY NA : Cat Rock Confirms Raising Stake in Just Eat Takeaway.com
- MAERSKB DC : Maersk Buys Asian Warehouse Giant LF in $3.6 Billion Takeover
- NWG LN : NatWest Pleads Guilty to Manipulating Treasury Markets, DJ Says
- RBI AV : Raiffeisen and OTP Lead Balkan M&A Push as Prospects Brighten
- RIO LN : Rio Tinto Buys $825 Million Lithium Project in Battery Push (1)
- SGO FP : Saint-Gobain in Pact With Alghanim Group to Buy Rockwool India
- SKAB SS : Skanska to Build Facility in Woburn, U.S. for SEK1.1b
- TESB BB : Tessenderlo Unit Plans to Build Liquid Fertilizer Plant in Ohio
- VLA FP : Valneva Chikungunya Vaccine Meets Endpoint in Lot-to-Lot Trial
- YIT FH : YIT in Talks to Withdraw From Trigoni Project, Writes Down EU15m