An Asian stock gauge pared a slide Monday but remained in the red along with US equity futures as the Federal Reserve’s commitment to tighter monetary settings to quell inflation restrained investor sentiment. MSCI Inc.’s Asia-Pacific share index dipped less than 0.5% with losses evident in most major markets except for a smattering of gains in Hong Kong and China, where a move by banks to trim lending rates aided property developers. S&P 500, Nasdaq 100 and European contracts suffered declines and the dollar was near a more than one-month peak, signs of ongoing investor wariness. Sovereign-bonds in Australia and New Zealand dropped and Treasuries either held or extended a selloff from Friday. A jump in global shares from June’s bear-market lows has begun to cool, weighed down by repeated Fed warnings that interest rates are going higher. Troubling global economic developments, lately including power shortages in a Chinese industrial heartland, are also hanging over investors. In China, banks lowered the one-year and five-year loan prime rates on Monday in the slipstream of a decision by the nation’s central bank last week to cut a key policy rate.
Nikkei -0.47% Hang Seng -0.17% CSI +0.64% Shanghai +0.45% Shenzen +0.64%
Eur$ 1.0036 CNH 6.5445 CNY 6.8258 JPY 137.25 GBP 1.1832 CHF 0.9595 RUB 59.3966 TRY 18.1126 WTI$ 89.52 -1.38% Gold 1745 -0.15% BTC 21,460 -0.02% BTC 1,606 -0.65%
S&P -0.52% NAsdaq -0.64% EuroStoxx -0.35% FTSE -0.15% Dax -0.38% SMI +0.03%
Macro :
- German Minister Expects Russia to Further Reduce Gas Supplies
- Hedge Funds’ Bullish Commodity Bets Jump the Most in Two Years
- Saudi Arabia’s Booming and This Time It Isn’t Only About Oil
- Goldman’s Kostin Says Upside for Stocks Is Limited as Risks Rise
Keep an eye on :
- AED BB : Aedifica to Buy Four Care Properties in Dublin for About EU161m
- BOCH LN : Lone Star Possible Offer Rejected by Bank of Cyprus
- BIM FP : Biomerieux Gets FDA Breakthrough Designation for AST System
- BPE IM : BPER Banca Merger Plan With Carige and Monte Lucca Approved
- BSGR NA : B&S Group 1H Revenue EU983.2M Vs. EU823.6M Y/y
- DTE GY : T-Mobile Emerges as Hedge Fund Favorite With Stock on a Tear
- EVS BB : EVS Broadcast Equipment Wins 10-Year Contract Worth Over $50M
- IBE SM : Iberdrola Cancels Power Contracts in France on Price Rise: Echos
- INTER NA : CSC, Intertrust Obtain Regulatory M&A Nod in Singapore
- INTRUM SS : Intrum Names Andrés Rubio as Acting President as Engdahl Exits
- MMT FP : TF1, M6 Propose Remedies for Merger, Le Figaro Reports
- NVAX US : FDA Authorizes Novavax Covid Vaccine for People Aged 12-17
- DNORD DC : Norden CEO Jan Rindbo Sells 40,000 Shares for DKK16.6 Million
- PSH NA : Pershing Square Names Ryan Israel Chief Investment Officer
- RECSI NO : REC, Mississippi Silicon Sign MOU for Raw Material Supply
- ROG SW : Roche Develops Covid-19 Test That Detects Latest Subvariant
- SPM IM : Saipem, OSRL Sign Extension of Existing Services Agreement
- STG DC : Scandinavian Tobacco Revises FY Guidance, Cites Supply Chain (1)
- VIFN SW : Vifor Fresenius Says US Court Upholds Velphoro Patent Validity