U.S. equity futures rebounded Monday and Asian stocks came off session lows as traders weighed the likely impact of Federal Reserve monetary-policy tightening. Treasury yields and crude oil climbed. Shares eked out gains in Japan and China but technology stocks in Hong Kong retreated. The advance in S&P 500 and Nasdaq 100 contracts stirred tentative hopes of some respite after one of the worst stretches for global shares last week since the pandemic began. European futures wavered. The Fed on Wednesday is expected to signal a March liftoff in interest rates and balance-sheet reduction later this year to help fight inflation. Ebbing stimulus is forcing a rethink about the economic and market outlook. Aside from the Fed, earnings updates from titans such as Apple Inc. will shape sentiment too in the days to come following an uneven start to the reporting season. Tech stocks have borne the brunt of an equity selloff this year, while some less richly valued parts of the market have held up better. Goldman Sachs Group Inc. economists said they see a risk the Fed will tighten monetary policy more aggressively this year than the Wall Street bank now anticipates.
A less accommodative Fed is among the reasons why “you have a re-rating going on and certainly a bit of a -- excuse the term -- puking of some of the higher spec, lower quality segments of the market,” Liz Ann Sonders, chief investment strategist at Charles Schwab & Co., said on Bloomberg Television. In the volatile cryptocurrency sector, bruised Bitcoin stabilized around $35,000 in the wake of a plunge over the past three days. Digital coins have shed more than $1 trillion in value since a November high. Elsewhere, a commodities gauge remains near a record level, powered in part by a rally in oil that’s helping to stoke global price pressures.
Nikkei +0.24% Hang Seng -1.16% CSI +0.07% Shanghai +0.01% Shenzen +0.12%
Eur$ 1.1322 CNH 6.3358 CNY 6.3316 JPY 113.79 GBP 1.3548 CHF 0.9142 RUB 77.0702 TRY 13.4337 WTI$ 85.58 Gold 1,837.50 BTC 35,215 -0.40% ETH 2425-0.50%
S&P +0.53% Nasdaq +0.61% EuroStoxx -0.66% FTSE -0.26% Dax -0.54% SMI -0.54%
Macro :
- Active Managers Fail Again as Stock Rotation Lashes Hedge Funds
- VIX Curve Inverts in Time-Honored Bull Signal Tied to Peak Panic
- Goldman Shrugs Off Rate Hikes to Bet on Emerging-Market Stocks
Keep an eye on :
Keep an eye on :
- ACCEL NA : KKR-Led Group Agrees to Buy Accell For EU58.00/Share in Cash
- AGS BB : Ping An Shareholding in Ageas Fallen to 0%
- AI FP : Air Liquide, Pertamina Sign MOU on Low-Carbon Tech Studies
- AUTO NO : AutoStore Continues All Patent Infringement Lawsuits Vs Ocado
- BPT LN : Temasek Set to Buy Bridgepoint’s Testing Business for $7 Billion
- IAG LN : Airlines Urge U.K. to Drop Restrictions for Vaccinated Travelers
- CBK GY : Commerzbank Takes $494 Million Hit From mBank Provisions
- EDF FP : French Nuclear Giant’s Fall Risks Energy Security for All Europe
- ENI IM : Eni’s Var Energi to Apply for Initial Public Offering in Oslo
- FOXT LN : Foxtons Shares Rally After Betaville ‘Uncooked Alert’ Report
- G IM : Generali: Board List Preparation Continues After Consob Ruling
- IDIA SW : Idorsia Appoints Guy Braunstein to Chief Medical Officer
- IFX GY : Infineon Sees End of Microchip Shortage in 2023: Automobilwoche
- IPN FP : Ipsen Says Health Canada Approves Rare Bone Disease Treatment
- MRO LN : *MELROSE SAID TO EXPLORE SALE OF STAND-UP DESKS MAKER ERGOTRON
- ONCO SS : *ONCOPEPTIDES RESCINDS VOLUNTARY WITHDRAWAL OF U.S. PEPAXTO NDA
- PHIA NA : Philips 4Q Adjusted Ebita Margin Misses Estimates
- RLF SW : Relief’s APR Gets Notice of Allowance of U.S. Patent Application
- SAA LN : M&C Saatchi Bidder AdvancedAdvT Submits Revised Offer: Sky
- SCHP SW : Schindler Holding AG CEO Thomas Oetterli to Step Fown From Role
- SIE GY : Siemens Eyes Sale of Logistics Division: Welt am Sonntag
- TMV GY : TeamViewer Shares Spike After Dealreporter Take-Private Story
- TIT IM : Telecom Italia Appoints General Manager Pietro Labriola As CEO
- UCB BB : UCB’s Bimzelx Approved in Japan for Psoriasis
- UCG IM : Unicredit Not Serious About Otkritie Interest: Kommersant
- UNA NA : Activist Hedge Fund Trian Partners Builds Stake in Unilever: FT
- VTSC GY : Vitesco Looks at M&A Targets, Will Divest Combustion Units: AMW
- VOD LN : Vodafone Is Said to Have Explored Acquisition of Three UK
- VOD LN : Vodafone Consolidation Push Puts Focus on Debt, Antitrust: React
- VOW GY : Lamborghini to Bid Farewell to Pure Combustion Cars This Year
- VOW GY : VW Dismissed Worker After Raising Cybersecurity Concerns: FT
- MF FP : Wendel, Colibri to Buy Adtalem’s Financial Services Unit for $1b