Asian stocks were steady Friday and the dollar slipped as a report that developer China Evergrande Group pulled back from the brink of default aided sentiment.
Rallies in China’s technology equities and property shares were among the more notable moves. Local media said Evergrande paid a dollar-bond coupon before a weekend deadline, easing concerns about possible contagion from any default by the firm. Chinese junk bonds and the Australian dollar climbed.
The S&P 500 edged up to a record overnight but the mood soured after the cash session when Snap Inc. -- owner of the Snapchat app -- tumbled on a tempered earnings outlook, hurting other technology shares in late trading. Nasdaq 100 futures retreated, S&P 500 contracts were little changed and European ones advanced.
The 10-year U.S. Treasury yield fell below 1.70% but remains higher for the week. The Federal Reserve is nearing a reduction in bond purchases and traders are ramping up bets on rate hikes to quell price pressures. Market-implied expectations for inflation have hit multiyear highs.
US After Hours INTC -8.6% falls on earnings; SNAP -21.9% also falls on earnings, spooking entire online ad space; WHR -2.3%, CMG -0.9% down modestly on earnings
Macro :
- Bitcoin ETF Is Already in Danger of Breaching a Limit on Futures
- Europe To Decide For Strict Basel III Rules: HB
- VIX Index Closes at Lowest Level Since Beginning of Pandemic
Keep an eye on :
Keep an eye on :
- ADP FP : ADP 9M Revenue EU1.87B Vs. EU1.67B Y/y
- AI FP : Air Liquide 3Q Revenue Beats Estimates
- ATC NA : Altice Portugal Is Said to Draw Interest from Blackstone, CVC
- BILL SS : BillerudKorsnas 3Q Adjusted Ebitda Beats Estimates
- BOL SS : Boliden 3Q Adjusted Operating Profit Misses Estimates
- BOL FP : Bollore 3Q Organic Revenue +22%
- BC IM : Brunello Cucinelli 3Q Revenue Beats Estimates
- CABK SM : CaixaBank Signals Exit From $1.92 Billion Erste Stake
- CARM FP : Carmila 9M Gross Rental Income EU263.8M
- CERV IM : Cerved Holders Maven, Berry Request Special Div, Meeting Delay
- COV FP : Covivio Sees FY EPRA EPS Above EU4.20, Saw EU4.10 to EU4.20
- DANSKE DC : Danske Bank Cuts Deposit Rate for Private Clients to -0.7%
- DTE GY :T-Mobile Falls as Analyst Says Peers’ Results Signal Tough Setup
- DTE GY :T-Mobile Falls as Analyst Says Peers’ Results Signal Tough Setup
- DBAN GY ; Deutsche Beteiligungs AG Boosts FY Net Income Forecast
- DOM SS :
- EDF FP : French PM to Announce Steps to Ease Impact of Rising Fuel Costs
- ENGI FP : French PM to Announce Steps to Ease Impact of Rising Fuel Costs
- ENI IM : Italy’s Be Power to Be Listed With Eni Gas&Power: Messaggero
- EVS BB : EVS Broadcast Sees FY Rev. EU120m to EU130m, Saw EU115m-EU125m
- FGP LN : Firstgroup’s Lumo Electric Rail Services Are Already Selling Out
- FNAC FP : Fnac Darty 3Q Like-for-like Sales -0.5%
- HYPRO NO : HydrogenPro Told by H2V Normandy Project Cooperation to Cease
- IFX GY : Intel in Longest Winning Streak Since December Before Earnings
- IHG LN : InterContinental Hotels 3Q Comparable Hotel RevPAR Misses Est.
- IPS FP : Ipsos 3Q Organic Revenue +11.4%
- JD/ LN : JD Sports Fashion Buys 80% of Cosmos Sport
- BAER SW : Julius Baer CFO Enkelmann May Soon Be Leaving, IP Reports
- LI FP : Klepierre Boosts FY Group Net Current Cash Flow Per Share View
- TKWY NA : Just Eat Touts Turnaround Plan to Boost U.S., Widen Margins
- LSEG LN : LSE 3Q Data & Analytics Revenue GBP1.16B Vs. GBP1.16B Y/y
- OR FP :L'Oreal's Beauty Units Confirm Wide, Luxury-Led Recovery: React
- RCO FP : Remy Cointreau 2Q Revenue Beats Estimates
- RNO FP : Renault Sees 2021 Production Loss of Close to 500,000 Vehicles
- RIEN SW : Rieter Sees FY Sales About CHF900M
- SAN FP : Regeneron, Sanofi Dupixent Pivotal Phase 3 Met Primary Goals (1)
- SOBI SS : Sobi 3Q Ebita SEK1.17B Vs. SEK933M Y/y
- SCST SS : Swedish Company at Center of Chicken Crisis Appoints New CEO
- THULE SS : Thule 3Q Adjusted Ebit Misses Estimates
- UMG NA : K-Pop Group BTS Exits Columbia Records Deal For UMG: Billboard
- VIV FP : Vivendi’s Ad Unit Havas Propels Sales Higher After Music Spinoff
- VIV FP : Vivendi 3Q Shows Strong Momentum, Highlighted by Havas: Analysts
- WALLB SS : Wallenstam 3Q Rental Income Meets Estimates
- WHA NA : Wereldhave Sees FY EPS EU1.80 to EU1.85, Saw EU1.75 to EU1.85
- WIHL SS : Wihlborgs 3Q Rental Income Beats Estimates
- WISE LN : Wise Co-Founder Taavet Hinrikus Offers 11m Shares