Asian stocks were mixed and U.S. futures rose as traders weighed European Covid curbs and the risk of a faster Federal Reserve taper. The Treasury yield curve was near the flattest since the pandemic began.
Equities outperformed Monday in South Korea -- aided by robust export data -- and climbed in China, whose central bank signaled possible easing to support a slowing economy. U.S. futures edged higher after a flavor of the stay-at-home trade on Friday saw economically sensitive sectors drag down the S&P 500 while the technology-heavy Nasdaq 100 advanced.
The curve flattened in part on signs the Fed may consider a faster drawdown of its bond-buying program to fight inflation.
The euro was among the worst performers in the Group-of-10 basket, with the yen also lower. Oil fluctuated as traders wait to see if nations release supplies from strategic reserves. Bitcoin retreated, dropping toward $57,000.
Global equities remain near records, coping with a litany of worries including a winter virus wave and elevated inflation that may force more rapid Fed tightening. Other uncertainties include who President Joe Biden will pick as the Fed chair nominee from Governor Lael Brainard and incumbent Jerome Powell, as well as the perennial saga over suspending or lifting the U.S. debt limit. A trio of Fed policy makers -- Vice Chairman Richard Clarida, Governor Christopher Waller and St. Louis Federal Reserve Bank President James Bullard -- have signaled that the topic of a faster taper might be on the table when the Federal Open Market Committee meets in December.
Meanwhile, tension between Russia and Ukraine continues. U.S. intelligence detected a buildup of Russian troops and artillery to prepare for a rapid, large-scale push into Ukraine from multiple locations if President Vladimir Putin decides to invade, according to people familiar with the conversations.
Nikkei +0.09% Hang Seng -0.60% CSI +0.47% Shanghai +0.63% Shenzen +1.36%
Eur$ 1.1273 CNH 6.3816 CNY 6.3802 JPY 114.17 GBP 1.3444 CHF 0.9299 RUB 73.4725 TRY 11.1523 WTI$ 75.87 -0.09% Gold 1,842.4 -0.18% BTC 57,360 -3.60% ETH 4,180 -4.23%
S&P +0.26% Nasdaq +0.24% EuroStoxx +0.07% FTSE +0.17% Dax +0.09% SMI -0.10%
Macro :
- Goldman Sees Signs a Big Rebound in Productivity Is On The Way
- U.S. Intel Shows Russian Plans for Potential Ukraine Invasion
- Global IPOs Blow Past $600 Billion Mark in Best Year on Record
- Global IPOs Blow Past $600 Billion Mark in Best Year on Record
- UBS’s Lovell Says Return to Normal Puts S&P 500 at 5,000 in June
Keep an eye on :
Keep an eye on :
- AC FP : France Pledges $2.2 Billion to Boost Tourism, Le Figaro Says
- AIBG ID : AIB Nears Deal to Sell British Loans to Allica Bank: Irish Times
- AIBG ID : AIB Nears Deal to Sell British Loans to Allica Bank: Irish Times
- AIR FP : Airbus Seals Second A350F Customer With Four-Jet CMA CGM Deal
- AMBUB DC : Ambu: Interim Results for Duodeno Show 98.3% Success Rate
- AUPH US : Aurinia Tumbles After Filing for Stock Offering Amid M&A Rumors
- AUTH US : CVC Invests in Forever 21 Owner at $13 Billion Enterprise Value
- B2H NO : B2Holding Mandate DNB, Nordea, Pareto, Arctic for EU300m 5Y Bond
- BAYN GY : Bayer Shortlists Suitors for Pest Control Unit: HB
- BBVA SM : BBVA Says First EU1.5b Tranche of Buyback to Start Nov. 22
- CDA FP : France Pledges $2.2 Billion to Boost Tourism, Le Figaro Says
- ENEL IM : Enel Emerges as Frontrunner for Mooney in Bid With Intesa: Rtrs
- ERICB SS : Ericsson to Buy Cloud Provider Vonage in $6.2 Billion Deal
- FINGB SS : Fingerprint Cards Forms New Units After Strategic Review
- ALHGR FP : Hoffmann Green Cement Technologies Plans to Raise up to EU25m
- HSBA LN : HSBC Prepares to Tender for Audit of Its Accounts From 2025: FT
- IBS PL : Ibersol 9M Sales EU241.7M Vs. EU213.9M Y/y
- JD US : JD.com, NetEase to Get Hong Kong Liquidity Boost From MSCI Shift
- BAER SW : Julius Baer Assets Decline From Record as Client Activity Fades
- LILM US : Flying-Taxi Startup Lilium Sees Opening to Grab New Orders
- MANU US : Manchester United Manager Solskjaer to Leave Club: Athletic
- MKS LN : Apollo Global Sized Up Marks & Spencer, Sunday Times Reports
- MNST US : Monster Beverage Said to Explore Deal With Constellation Brands
- VAC FP : Pierre & Vacances CEO Rules Out Break Up of Tourism Player: JDD
- REC BB : Recticel: Advisors Recommend Vote for Sale of Engineering Foams
- SPM IM : Saipem Gets New Offshore Contract in Brazil Worth About $940m
- SLT GY : Schaltbau Recommends Holders Accept Carlyle’s Delisting Offer
- SGRE SM : Siemens Gamesa Shares Turn Positive After Betaville Mention
- TIT IM : KKR’s Telecom Italia Bid at EU0.505/Share in Cash: M&A Snapshot
- TIT IM : Advent, CVC Open to Dialogue Aimed to Strengthen Telecom Italia
- TIT IM : Italy Welcomes Investor Interest in Telecom Italia
- UBSG SW :
- VWS DC : Vestas Shuts Down Some IT Systems After Cyber Security Incident
- VIFN SW : Vifor Pharma Buys Sanifit Therapeutics and Inositec
- VNA GY : Vonovia Starts $9 Billion Rights Issue on Deutsche Wohnen Deal
- XPO US : XPO Logistics Looks at European, U.S. Asset Sales: Dealreporter