Asian stocks fluctuated and futures rallied Friday following broad-based declines in U.S. benchmarks as investors weighed a proposal for higher taxes on the wealthy to help pay for President Joe Biden’s social plan.
Shares were steady in China and rose in Hong Kong. Weakness in Japan weighed on MSCI, Inc.’s regional gauge. U.S. contracts edged up after the steepest decline in five weeks for the S&P 500 Index on a Bloomberg News report that the Biden administration is considering raising the tax on capital gains to 39.6% for those earning more than $1 million a year.
Oil pared a weekly loss as traders considered signs of recovering demand in the U.S. and setbacks in key markets where spikes in virus cases are further constraining activity. Treasury bonds and the dollar dipped.
US After Hours INTC -2.8%, STX -2.5% fall on earnings; MAT +7.5%, SKX +7.3%, SAM +6.8%, SNAP +4.6% up big on earnings; OLED +11.1% extends long-term supply deal
Nikkei -0.81% Hang Seng +0.86% CSI +0.79% Shanghai +0.06% Shenzen +0.28%
Eur$ 1.2028 CNH 6.4926 CNY 6.4956 JPY 107.88 GBP 1.3863 CHF 0.9166 RUB 75.5140 TRY 8.3234 WTI$ 61.90 +0.77% GOLD 1,785 +0.06% BTC 48,600 -6,250
S&P +0.18% Nasdaq +0.14% EuroStoxx -0.25% FTSE -0.32% Dax -0.26% SMI
Macro :
- Capital Gains Tax Hit for Stocks Could Be Deep
- China’s Central Bank Wants Ant to Hand Over Its Data, FT Says
- Bitcoin Drops Below $50,000 Amid Tax and Momentum Concerns
Keep an eye on :
Keep an eye on :
- AI FP : Air Liquide Confident Can Improve Operating Margin in 2021
- ALLFG NA : Allfunds Prices Dutch IPO at EU11.50/Shr, Near Top of Range (1)
- ARIX LN : Arix Bioscience Exec Chair May Leave in Board Shakeup: Sky
- ARIX LN : Arix Bioscience Exec Chair May Leave in Board Shakeup: Sky
- AZN LN : WHO Says Benefits Still Outweigh Risks on AstraZeneca Vaccines
- BFIT NA : Basic-Fit Offering of 6m Shares Prices at EU34/Share: Terms
- BOL FP : Bollore 1Q Organic Revenue +6%
- BVI FP : Bureau Veritas 1Q Rev. EU1.15b, Est. EU1.1b
- CDR SM : Codere, Creditors Reach Lockup Accord on Proposed Restructuring
- CDR SM : Codere, Creditors Reach Lockup Accord on Proposed Restructuring
- CVAL IM : Creval Investors Tendered 49.4% Shares in Credit Agricole Bid
- CNHI IM : Nikola Jumps Most Since January on Hydrogen Deal, CNBC (1)
- DAI GY : Daimler Boosts FY Mercedes-Benz Cars & Vans Adj. ROS View
- EDF FP : French Govt Drops EDF ‘Hercule’ Plan: Le Maire to Ouest-France
- ENTRZ NO : Entra 1Q Rental Income Meets Estimates
- ESSITYA SS : Essity Raises Productos Familia Stake for ~$1.54b: M&A Snapshot
- ESSITYA SS : Essity 1Q Adjusted Operating Profit Misses Estimates (1)
- FGP LN : FirstGroup to Announce Sale of Two U.S. Units For $4.5B: Sky
- GFC FP : Gecina 1Q Like-for-like Rental +1.3%, Gecina's Rental Income Drops In Q1 On Lower Office Sales
- IPS FP : Ipsos 1Q Revenue +8.8%
- LHN SW : LafargeHolcim 1Q Sales Beat Estimates
- LB US : Victoria’s Secret Targets Higher Valuation in New Sale Talks
- LIFCOB SS : Lifco 1Q Ebita SEK815M Vs. SEK652M Y/y
- FII FP : LISI 1Q Sales EU309.4M Vs. EU397.9M Y/y
- MC FP : Diego Della to Sell 2.25 Million Tod’s Shares to LVMH
- MOLN SW : Molecular Partners Files U.S. IPO of American Depositary Shares
- MONTN SW : Austrian Billionaire to List Aircraft Supplier Ahead of M&A Push
- MONC IM : Moncler 1Q Revenue Beats Estimates
- NG/ LN : National Grid Said to Pick Banks for $7 Billion Gas Asset Sale
- NSKOG NO : Norske Skog to Enter European Packaging Markets in 4Q, 2022
- OERL SW : Oerlikon Signs Agreement to Acquire INglass; No Terms
- RCO FP : Remy Cointreau Sees FY Organic Current Op. Profit About +10%
- SAABB SS : Saab 1Q Operating Profit Beats Estimates
- SK FP : SEB 1Q Like-for-like Sales +30.9%
- SOW GY : Software AG 1Q Revenue Misses Estimates
- STERV FH : Stora Enso 1Q Operating Ebit Beats Estimates
- TEL NO : Telenor Digi Sees Low Single Digit Decline for 2021 Service Rev
- TELIA SS : Telia 1Q Adjusted Ebitda Meets Estimates
- TSLA US : Teslas Can Be ‘Tricked’ to Run Without Driver, Magazine Says
- TOD IM : Diego Della to Sell 2.25 Million Tod’s Shares to LVMH
- TOD IM : LVMH Stake in Tod's Builds on Footwear Focus, Opens Doors: React
- TOM NO : Tomra 1Q Revenue Beats Estimates
- DG FP : Vinci 1Q Revenue Beats Estimates
- VIV FP : Vivendi Plans to Spin Off Universal Music Unit By This Fall
- XXL NO : XXL 1Q Ebitda Beats Estimates