Most Asian stocks fell and U.S. futures fluctuated Wednesday as concerns about indebted developer China Evergrande Group lingered after an update on a bond interest payment. Treasuries were steady before the Federal Reserve policy decision.
MSCI Inc.’s Asia-Pacific index declined for a third day. Equities were lower in China but avoided a bigger selloff after trading resumed following a holiday during which global markets where whipsawed by fears of contagion radiating from crisis-hit Evergrande. The Chinese central bank boosted a cash injection, shoring up sentiment.
S&P 500 and Nasdaq 100 contracts were modestly in the green after swinging between gains and losses. European futures also advanced. The yen weakened and commodity-linked currencies such as the Australian dollar pushed higher. The U.S. dollar ticked up.
Elsewhere, Bitcoin slid below $40,000 for the first time since early August before rebounding. Oil advanced for a second day.
Investors are eager for clues about how Beijing plans to deal with the cash crunch at Evergrande, which has more than $300 billion of liabilities. The firm injected more uncertainty into financial markets with a vaguely worded statement on a bond interest payment that left analysts grasping for details.
US After Hours SFIX +13.2% jumps on earnings; FDX -4.4%, ADBE -4.2% fall on earnings; SMMT falls -19.8% on FDA feedback
Nikkei -0.54% Hang Seng +0.51% CSI -0.84% Shanghai -0.02% Shenzen -0.34%
Eur$ 1.1725 CNH 6.7693 CNY 6.4681 JPY 109.53 GBP 1.3658 CHF 0.9245 RUB 72.8675 TRY 8.6264 WTI$ 71.37 +1.25% Gold 1,7777.10 +0.15% BTC 42,150 +2.98% ETH 2,888 +4.5%
S&P +0.38% NAsdaq +0.27% EuroStoxx +0.71% FTSE +0.53% Dax +0.66% SMI +0.57%
Macro :
Macro :
- Never Mind Lehman, China Faces a Khodorkovsky Moment: Macro View
- Bitcoin Falls Below $40,000 for First Time Since Early August
- SoftBank Fund Joins Goldman in Minting Latest Crypto Unicorn
- SoftBank Fund Joins Goldman in Minting Latest Crypto Unicorn
- House Vote Sends Debt-Limit, Government Funding Bill to Senate
- SoftBank Backs Steven Mnuchin’s $2.5b Private Equity Fund: FT
Spac :
- Travel Startup HomeToGo to Debut in Frankfurt After SPAC Deal
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