Asian stocks fluctuated and Nasdaq 100 futures climbed as investors responded to a pullback in Treasury yields at the start of the week. Turkey’s lira tumbled after the President ousted the central bank governor.
S&P 500 futures swung between red and green, and MSCI Inc.’s Asia Pacific gauge pared losses. Shares rose in China and Australia, while Japan underperformed.
The Turkish lira slumped as much as 15% in Asian trade after President Recep Tayyip Erdogan removed the country’s third central bank chief in less than two years, two days after a larger-than-expected rate hike. Turkey will continue to stick to free markets and a liberal foreign-exchange regime, Treasury said. The dollar advanced against most Group-of-10 currencies.
A heavy slate of Treasury auctions this week poses a potential catalyst for a renewed rise in bond yields. The 10-year benchmark subsided Monday to 1.68% from the highest levels in about 14 months. Oil steadied after its worst week since October.
Nikkei -2.07% Hang Seng -0.08% CSI +0.70% Shanghai +0.91% Shenzen +1.02%
Eur$ 1.1885 CNH 6.5091 CNY 6.5089 JPY 108.75 GBP 1.3853 CHF 0.9305 RUB 74.3765 TRY 7.8980 -8.53% WTI$ 61.08 -0.54% GOLD 1,731.70 -0.77% BTC 57,750 +450
S&P -0.02% Nasdaq +0.58% EuroStoxx -0.39% FTSE -0.37% Dax -0.35% SMI
Macro :
Macro :
- Turkey Says No Step Back From Free Markets After Lira Crash
- MSCI Could Add Tech and Old Economy in May Review: Smartkarma
- Germany’s Merkel Wants to Extend Lockdown Into April, Bild Says
- Bill Gates Says Some Tax Proposals Have Gone ‘Too Far’
- Ghost of Horrific Treasury Auction Haunts Bond Market on Brink
- Ghost of Horrific Treasury Auction Haunts Bond Market on Brink
- France Sticks to 6% GDP Growth Forecast as Lighter Lockdown Hits
- Italy to Block Vaccine Exports for Companies That Don’t Deliver
Spacs :
- Arena Investors Files for $200 Million Distressed Energy SPAC
- Blank-Check Firm Backed by Bridgewater Co-Chair Files for IPO
- Thoma Bravo SPAC Agrees to Take IronSource Public (2)
Keep an eye on :
Keep an eye on :
- AKERBP NO : Aker BP Considers Selling Stake in King Lear Gas Find: Upstream
- GOOGL US : Google’s Next Billion Users Head Sengupta Leaves For New Venture
- AME US : *AMETEK IS SAID TO NEAR $1.5 BILLION DEAL FOR ABACO SYSTEMS
- BAVA DC : Bavarian Gets $31.2 Mln Smallpox Vaccine Order From Canada
- BIDU US : Baidu Says Hong Kong Listing Retail Offer 112x Subscribed
- CoinBase IPO : Coinbase’s Direct Listing Is Said to Be Pushed Back to April
- CON GY : Apple Car Would Be Welcomed by This Parts Maker Pivoting to EVs
- DEliveroo IPO : *DELIVEROO SETS IPO PRICE RANGE AT GBP3.90 TO GBP4.60 PER SHARE
- Deliveroo IPO : *DELIVEROO JAN-FEB GROSS TRANSACTION VALUE UP MORE THAN 121% Y/Y
- DLG IM : De Longhi to Buy Remaining 60% Stake in Eversys for ~CHF110M
- EDF FP : EDF Gets Approval for Weld Repairs at Flamanville Nuclear Plant
- ENX FP : Euronext: Euronext Sells Centevo
- EVT GY : Evotec and Takeda Form Strategic RNA Targeting Alliance
- FORTUM FH : Vattenfall Mulls Bid for Fortum’s Stockholm Heat Business: DI
- GAM SW : *GERDA CANER BUYS 3.1% STAKE IN GAM: SWISS EXCHANGE REGULATION
- GD US : General Dynamics Wins $2.42b U.S. Navy Contract Modification
- GLEN LN : Glencore Lowers Output at Some NSW Coal Mines Due to Heavy Rain
- GREEN BB : Greenyard Gets Refinancing, Plans EU50m Capital Increase
- HABA GY : Hamborner REIT Proposes Dividend of EU0.47 Per Share
- IF IM : Ifis Plans to Raise EU350m Funds Through NPL Securitization
- IFX GY : Infineon Ramps Up in Texas, Sees Return to Prior Output in June
- BAER SW : Julius Baer Enforced Clawback Provisions on Some Bonuses
- KSU US : CP Rail Agrees to Buy Kansas City Southern for $25 Billion
- NESN SW : Nestle Has Its Starbucks Moment as Consumers Sip Coffee at Home
- PA8 GY : Paion Offers 5.1m Shares at EU1.54/Share via Oddo BHF
- RLF SW : Relief, Acer Sign Collaboration, License Agreement for ACER-001
- ROG SW : Roche’s Tecentriq Meets Primary Goal in Early Stage Lung Cancer
- SPM IM : Saipem Wins Contract Worth More Than $1 Billion From Qatargas
- SOF BB ; Sofina FY Net Asset Value Per Share EU264.59 Vs. EU226.92 Y/y
- STLA IM : Stellantis Delays Production of Trucks Amid Global Chip Shortage
- STLA IM : Stellantis Delays Production of Trucks Amid Global Chip Shortage
- STB NO : Storebrand to Dispute Norwegian Tax Administration’s Decision
- SEV FP : Suez Says Ready for Talks With Veolia Over Ardian-Backed Plan
- SEV FP : Veolia-Suez Still in Deadlock as Ardian Bids for Suez Parts (1)
- TSLA US : Cathie Wood’s Ark Has a New Price Target for Tesla: $3,000
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- UCG IM : Unicredit: Funds Propose Tondi, Cariello as Board Candidates
- V US : Visa Confirms DOJ Is Opening Probe Into Its U.S. Debit Practices
- V US : Visa Confirms DOJ Is Opening Probe Into Its U.S. Debit Practices
- VOW GY : Toyota Leads Losses After Renesas Fire Stokes Chip Crunch Fears