US equity futures fell Friday and Asian stocks wavered after disappointment over technology earnings stoked worries about the economic outlook and took some of the shine off this week’s global equity rebound. An Asian share index edged up amid listless performance across the region after a China tech jump fizzled. Nasdaq 100 contracts came close to shedding 1% while European futures fluctuated. The downbeat mood in stocks followed a drop of about 27% in social-media firm Snap Inc. in extended trading on poor results that flagged worries about advertising and therefore wider economic slowdown. The plunge weighed on Facebook parent Meta Platforms Inc. and Google’s Alphabet Inc., overshadowing the best three-day S&P 500 gain since late May. Treasuries trimmed a surge from the Wall Street session but the 10-year yield is still below 3%. Rising US jobless claims, a dimming regional factory outlook and a weaker leading economic indicator signaled recession risks amid tightening monetary policy, bolstering demand for bonds. Traders are also watching President Joe Biden’s condition after he tested positive for Covid and showed mild symptoms. A dip in the dollar in recent days that suggested less fear in markets has helped to put global stocks on course for their best week in a month, paring this year’s equity market rout to about 18%. the euro pared an advance sparked by the European Central Bank’s 50 basis-point interest-rate hike, the first increase in 11 years. crude scaled $97 a barrel, while gold and Bitcoin slipped. BTC navigating around the $23,000, didnt managed to break the 24,450 Resistance watch 21,500 support. US After Hours SNAP -26.6% sells off on earnings, takes online ad space with it; ISRG -12.9%, STX -10.2%, SAM -8.6% also down big on earnings; HNGR +24.3% jumps as it gets acquired.
Nikkei +0.40% Hang Seng -0.20% CSI -0.65% Shanghai -0.76% Shenzen -1.20%
Eur$ 1.0189 CNH 6.7755 CNY 6.7664 JPY 137.65 GBP 1.1962 CHF 0.9682 RUB 57.6624 TRY 17.7283 WTI$ 97.25 +0.93% Gold 1,713.92 -0.30% BTC 22,913 -0.90% ETH 1,564.85 -1.35%
S&P -0.48% Nasdaq -0.85% EuroStoxx -0.25% FTSE +0.14% Dax -0.32% SMI -0.20%
Macro :
-ECB Rate Hike Puts QBE on Track for 50%-Plus Profit Jump: React
Keep an eye on :
- ANA SM : Cemex to Buy Clean Power From Acciona for Spain Operations
- ATUS US : Altice USA Said to Weigh Suddenlink Sale for Up to $20 Billion
- BEAN SW : Belimo 1H Sales CHF416M Vs. CHF384.7M Y/y
- CEC GY : Ceconomy Cuts FY Sales Ex-FX, Adj. Ebit Guidance
- CEC GY : Ceconomy Gives In on Ebit as Slow Sales, High Costs Meet: React
- CIBUS SS :
- COV FP : Covivio Appoints Jean-Luc Biamonti as Chairman
- DASNKE DC : Danske Bank 2Q Common Equity Tier 1 Ratio Misses Estimates
- EDF FP : EDF Asks UK to Trigger Force Majeure in Hinkley Nuclear Contract
- GALP PL : Galp Buys Remaining 25% Stake in Titan Solar Energy Venture
- GFC FP : Gecina 1H Recurring Net Income Meets Estimates
- INTER NA : Intertrust Says CSC Offer Period Further Extended
- DEC FP : JCDecaux Wins 16-Yr Advertising Deal in Aix Region; No Terms
- BAER SW : Julius Baer to Stop Charging Clients Negative Interest Rates
- KINDSDB SS : Kindred 2Q Adjusted Ebitda Beats Estimates
- LONN SW : Lonza 1H Core Ebitda Beats Estimates
- LOOMIS SS : Loomis to Repurchase Up To SEK200m Shares July 25-Sept. 28
- MC FP : Arnault Reorganizes Holding to Ensure Family Control of LVMH
- NVG PL : Navigator Co 1H Net Income EU161.9M Vs. EU64.4M Y/y
- NVG PL : Navigator, P2X Eye EU600m Sustainable Aviation Fuel Investment
- NHY NO : Norsk Hydro 2Q Adjusted Net Beats Estimates
- OBEL BB : Orange Belgium Maintains FY Ebitda After Leases Forecast
- OKDBV FH : Oriola 2Q Net Sales Misses Estimates
- SCHP SW : Schindler 1H Revenue Misses Estimates
- SIKA SW : Sika Sees FY Sales Above CHF10B, Est. CHF10.82B
- SINCH SS : Sinch Weighs Legal Action Over Ningi Report, Chairman Tells DI
- SO FP : Somfy 2Q Sales EU434M Vs. EU429.3M Y/y
- SSABA SS : SSAB 2Q Adjusted Operating Profit Beats Estimates
- STOCKA FH : Stockmann 2Q Adj. Ebit Grows 32% to EU35.4 Mln Driven by Lindex
- STERV FH : Stora Enso 2Q Operating Ebit Misses Estimates
- TIT IM : Vivendi Sees Tel. Italia Netco Valuation EU31b-EU34b: Reppublica
- TIETO FH : TietoEVRY 2Q Net Sales Beats Estimates, Tietoevry Sales Beat, Starts Banking Unit Review, Lifts Outlook
- TEMN SW : Temenos’s Confirmed Guidance May Face Skepticism: Street Wrap
- TRUEB SS : Truecaller 2Q Revenue SEK480.4M Vs. SEK240M Y/y
- UBI FP : Ubisoft 1Q Net Bookings Meets Estimates
- UBSG SW : BNP Paribas Prime-Brokerage Boss Wilson Departs for Rival UBS
- UCG IM : FSI Said to Seek Stake in Italy Banks’ Debt Card Payments Giant
- WSU GY : Washtec Boosts FY Revenue Forecast
- WHA NA : Wereldhave 1H EPS EU0.81 Vs. EU0.93 Y/y