Asian stocks rose Tuesday, tracking a U.S. equity rebound, as concerns over the Federal Reserve’s hawkish tilt were tempered by the prospect that policy tightening would be gradual. Treasuries steadied after a retreat.
Japanese shares outperformed, helping a gauge of Asia-Pacific stocks to the biggest climb in about three weeks. S&P 500 contracts edged up after the index rallied overnight, aided by a revival of the value trade in sectors like energy and financials. European equity futures were in the green.
Yields on longer-dated Treasuries rebounded in the U.S. session Monday, even as short-end rates remained firmly anchored. That undid some of the curve-flattening that swept across markets after Fed officials last week accelerated their expected pace of policy tightening.
Brent oil hit $75 a barrel for the first time in more than two years on signs of a rapidly tightening market. The dollar trimmed some of its slide from U.S. hours. Bitcoin sank closer to $30,000 after China intensified its cryptocurrencyclampdown.
US After Hours Fed provides testimony; Biden says bank regulators say financial system is in strong condition; SCVL +3.2% higher on stock split, nice guidance
Nikkei +3.01% Hang Seng -0.22% CSI +0.40% Shanghai +0.61% Shenzen +0.39%
Eur$ 1.1910 CNH 6.4685 CNY 6.4645 JPY 110.41 GBP 1.3914 CHF 0.9192 RUB 73.0825 TRY 8.7882 WTI$ 73.74 +0.11% BTC 32,850 +675 ETH 1969 +44
S&P +0.17% Nasdaq +0.03% EuroStoxx +0.44% FTSE +0.36% Dax +0.32% SMI
Macro :
- Brent Oil Edges Above $75 as Investors Assess Tightening Market
- Bitcoin’s Drop Closer to $30,000 Stirs Fears of a Deeper Selloff
- Several Chinese Banks Reduce Evergrande Funding on Debt Risk
- U.K. Is Still Deeply Split on Brexit Five Years After Referendum
- Hedge Funds Cut Bullish Bets on Commodities From Soy to Copper
Keep an eye on :
- ANA SM : *ACCIONA ENERGIA GETS COMMITMENTS WORTH EU1.6B FOR IPO: CONFI
- ADD GY : Adler Modemärkte AG Expects Offer to Conclude Zeitfracht Pact
- AG1 GY : Used-Car Dealer IPOs Stall as Competition Heats Up: ECM Watch
- AIR FP : Boeing’s Top Lobbyist Leaves Company, Defense One Reports
- AF FP : Air France-KLM CEO Smith Expects Dutch Equity Boost This Summer
- CS FP : AXA to Sell Malaysia Insurance Ops to Generali for About EU140M
- BAVA DC : Bavarian CEO Says Denmark Delays Covid-Vaccine Talks: Borsen
- BMW GY : BMW Targets 25% Cut in Production Cost Per Vehicle by 2025: HB
- BT/A LN : Murdoch’s News UK Eyes Bid for BT Sport Partnership: Telegraph
- CAST SS : Castellum Invests SEK 1B in Project With Port of Gothenburg
- CDR SM : Codere Units to Merge Online Ops With DD3 Acquisition Corp. II
- COLR BB : Colruyt Buys Back EU8.55m of Stock June 16 to June 18
- DBK GY : Deutsche Bank Executive Seeks Injunction on Wirecard Report: FT
- DRW3 GY : Draegerwerk Boosts FY Ebit Margin Forecast
- ECOWVE SS : Eco Wave Power Sees U.S. IPO Price $10.00-$12.00 per ADS
- EDF FP : EDF Cuts 1.7GW Nuclear, Hydro Power Capacity Due to Strike: RTE
- EL FP : Essilorluxottica Is Reviewing Options on Grandvision Deal
- EL FP : Essilor Likely to Seek GrandVision Deal Renegotiation: Analysts
- G IM : Generali Agrees to Buy Malaysia Insurance Assets
- HELN SW : Helvetia Aims to Disburse Dividend of >CHF1.5B Over Next 5 Years
- IBE SM : *IBERDROLA, ENDESA MULL SHUTTING 2 NUCLEAR PLANTS: ECONOMISTA
- ILTY IM : Illimity Approves Strategic Plan, Sees 2021 Net at EU60-70m
- KAHOT NO : Kahoot Sees Clever Acquisition to Complete in 2H of 3Q
- KESKOB FH : Kesko Invests in Automating Collection of Online Grocery Orders
- LBK SM : Liberbank Plans Early Retirement for About 750 Staff: Expansion
- MRO LN : Melrose to Announce GBP125M Power Gen Unit Sale: Sky
- MRW LN : Under Fire Over Pay, Morrison Chiefs May Bank Buyout Windfall
- NEL NO : Ovako, Nel, Volvo to Partner for Sweden Hydrogen Facility (1)
- NKLA US : Nikola Registers Up to 18m Shares for Holder Tumim Stone Capital
- ORPHA DC : Orphazyme Extends Drop as Guggenheim Sees Risk of Wind-Down
- Revolut IPO : Revolut Said to Eye Fundraising at Over $20 Billion Valuation
- ROCKB DC : Rockwool Builds New Low-Carbon Production Facility in France
- RR/ LN : Bain, Cinven Are Said to Compete for Rolls-Royce’s ITP Aero Unit
- RR/ LN : UK aviation sets short-term targets in 2050 zero emissions pledge
- SAN FP : Sanofi, Translate Bio Start Phase 1 Trial mRNA Influenza Vaccine
- SNR LN : Senior Plc Seen as Likely to Reject Lone Star’s $1.2 Billion Bid
- TNG FP : Transgene Seeks About EU32m in Accelerated Share Offering: Terms, Sold 13.9m Shares At EU2.45/Share, Raising ~EU34.1M
- VAR1 GY : Varta Shares Reverse Losses on Report Co. to Supply Porsche
- WBD IM : Webuild Signs EU1.075b Contract for Italy High-Speed Rail
- WDI GY : Deutsche Bank Executive Seeks Injunction on Wirecard Report: FT