A selloff in bonds deepened Tuesday and U.S. equity futures wavered after Federal Reserve Chair Jerome Powell struck a more hawkish tone on the central bank’s campaign against high inflation. Treasuries extended losses and Australian and New Zealand debt slid after short-dated U.S. yields Monday posted one of the biggest daily climbs of the past decade. The gap between five-year and 30-year U.S. yields is around the smallest since 2007, a sign of worry that Fed tightening will sap the economy. U.S. and European futures dipped, while Asian stocks rose partly on a climb in export-reliant Japan amid a weaker yen. Hong Kong pushed higher, bolstered by Alibaba Group Holding Ltd.’s ramped up, $25 billion share buyback program. Powell said the Fed is prepared to raise interest rates by 50 basis points at the next policy meeting if needed. The central bank hiked by a quarter-point last week and signaled six more such moves this year. The dollar advanced. Oil’s rally continued, with Russia’s war in Ukraine nearing the one-month mark and no conclusion in sight. There are signs the European Union may be edging closer to a ban on Russian crude imports to punish Moscow for its invasion. Derivative traders Monday priced in about 7.5 quarter-point rate hikes at the remaining six Fed meetings this year, effectively making provision for more than one half-point rise. Stocks in Asia on Tuesday and the U.S. a day earlier appeared to shrug off concerns that Fed tightening and rising yields point to a tougher outlook. US After Hours NKE +6% swooshes higher on strong earnings; HRT +16.1% also moving on earnings
Nikkei +1.48% Hang Seng +2.05% CSI -0.24% Shanghai +0.08% Shenzen -0.60%
Eur$ 1.0979 CNH 6.3760 CNY 6.3680 JPY 120.42 GBP 1.3126 CHF 0.9370 RUB 106.6493 TRY 14.8169 WTI$ 114.90 +2.50% Gold 1,935.28 -0.03% BTC 42,200 +2.55% ETH 2985 +2.50%
S&P -0.20% Nasdaq -0.28% EuroStoxx -0.34% FTSE -0.02% Dax -0.29% SMI -0.11%
Macro :
- EU to Propose Tapping 500-Million-Euro Crisis Fund for Farmers
- French PM Says France Could Expand Fuel Rebates for Workers
- Biden Sees Risk of Russian Cyberattack on U.S. as Sanctions Bite
Keep an eye on :
Keep an eye on :
- ADS GY : Watch Adidas, Puma Shares After Nike Sales Beat in All Regions
- AIR FP : Qatar Air Denies Owing Airbus $220 Million for Rejected A350s
- AAPL US : Apple sends new offer to Dutch antitrust authority over dating apps payments, racks up 9th fine https
- ARGX BB : Argenx Phase 3 Data From ADAPT-SC Study Met Primary Endpoint
- ASHM LN : Ashmore to Appoint Adamson as Chairman When Bennett Steps Down
- ATEB BB : Atenor Raises EU55m With 6-Year Green Bond; Offer Closed Early
- BNP FP : BNP Paribas to Stop All New Business in Russia Amid Sanctions
- BUFAB SS : Bufab Acquires Timco for at Least GBP54m
- CA FP : Carrefour Said in Talks to Sell Taiwan Unit to Uni-President
- DMP GY : Dermapharm Prelim FY Adjusted Ebitda EU351M
- DBK GY : Archegos Had Built Stake in Deutsche Bank Before Collapse: FT
- EQT SS : EQT Invests in Pest Control Operator Guardian; No Terms
- GALP PL : Portugal’s ENSE Says Gasoline Consumption Rose 52% in February
- GOOGL US : Google Accused by DOJ of Hiding Documents in U.S. Antitrust Case
- GOOGL US : Google Accused by DOJ of Hiding Documents in U.S. Antitrust Case
- TKWY NA : GrubHub to Add Disclosure at Checkout After DC Suit: TechCrunch
- LDO IM : SES Buying Leonardo Defense Communications Unit for $450 Million
- MITRA BB : Mithra Exercises Request Under Funding Pact With Goldman Sachs
- NEM GY : Nemetschek FY Ebitda Margin 32.6% Vs. 28.9% Y/y
- TYRES FH : Nokian Renkaat Seeks to Avoid Loss of Russia Plant, CEO Tells HS
- ORPHA DC : Orphazyme A/S Filed for Voluntary Delisting of ADSs
- PAL AV : Palfinger Sees 2022 Ebit Significantly Below Y/y on Ukraine War
- PGHN SW : Partners Group FY Ebit Beats Estimates
- PUM GY : Watch Adidas, Puma Shares After Nike Sales Beat in All Regions
- REE SM : Red Electrica’s Hispasat to Buy 100% of Axess Networks
- SHEL LN : Shell Reconsiders Decision to Exit U.K. Oil Field: BBC (Earlier)
- SRG IM : Snam CEO Is Said To Leave Italian Gas Company in April
- SRG IM : Snam CEO Said to Leave Italian Company in April for New Venture
- GLE FP : SocGen, Peers' $100 Billion Russia Risk Stokes 1Q Bad-Debt Fears
- TKO FP : Tikehau Capital Aims to Double AUM to More Than EU65B by 2026