Bonds extended steep losses Wednesday on the Federal Reserve’s strengthened resolve to clamp down on inflation, while equity markets gained as investors expanded their search for hedges. An MSCI Inc. gauge of Asia Pacific shares rose for a second day, led by Japan and Hong Kong. U.S. futures fluctuated after the S&P 500 advanced for the fifth session in six. The index has now recovered halfway from the rout that started in January. European contracts advanced. nTreasuries added to losses triggered Monday by signals from Federal Reserve Chair Jerome Powell that a half-point interest-rate hike is possible at the central bank’s next meeting. Short-term U.S. government bonds sank toward their worst quarterly performance in almost four decades, and yields rose to highs unseen since mid-2019. The yen sunk to a six-year low, while a gauge of the dollar was steady. Oil advanced on the prospect of fresh curbs on Russia over its invasion of Ukraine and as U.S. crude inventories declined. Chinese stocks underperformed after China imposed another lockdown to curb rising Covid-19 cases. The Fed raised rates by a quarter-point last week and projected six more such moves by year-end. Derivatives traders are braced for a slightly steeper path this year, including at least one half-point rise. San Francisco Fed President Mary Daly said Tuesday that it was time to remove policy accommodation, while St. Louis Fed President James Bullard and Cleveland’s Loretta Mesterfavored a speedier pace in increases. China Evergrande Group assured investors it was on track to provide creditors with a preliminary restructuring proposal by the end of July. US After Hours Several companies fall on earnings: ADBE -2%, GAN -16%, POSH -9.8%, WOR -8.1%, SNPO -7.3%, HQY -1.8%
Nikkei +3.00% Hang Seng +1.67% CSI +0.451 Shanghai +0.33% Shenzen +0.50%
Eur$ 1.1029 CNH 6.3817 CNY 6.3700 JPY 121.10 GBP 1.3280 CHF 0.9346 RUB 105.81003 TRY 14.8308 WTI$ 110.60 +1.19% Gold 1,920.855 -0.04% BTC 41,80 -1.80% ETH 2,935 -2.25%
S&P +0.09% Nasdaq +0.04% EuroStoxx +0.78% FTSE +0.61% Dax +0.782 SMI +0.36%
Macro :
- El-Erian Says Cut Stock Holdings as Stagflation Concern Grows
- El-Erian Says Cut Stock Holdings as Stagflation Concern Grows
- Barclays VIX ETN Hits Record Premium as Price Mechanism Misfires
- EU to Unveil Legislation to Tackle Market Power of Big Tech: FT
Keep an eye on :
Keep an eye on :
- AKH NO : Aker to Sell About 70.1M Shares in REC Silicon for NOK20/Shr
- ARGX BB : Argenx Slides After Launching $500m Global Stock Offering
- AR4 GY : Aurelius Equity Opportunities Plans Dividend of EU1.50 a Share
- AG1 GY : AUTO1 FY Revenue Beats Estimates
- BP/ LN : BP to Unveil GBP1B for U.K. Electric Car Charging Points: FT
- COPN SW : Cosmo FY Dividend per Share EU0.95
- ACA FP : Credit Agricole Says It Suspended Activities in Russia
- ACA FP : Credit Agricole Says It Suspended Activities in Russia
- DEQ GY : Deutsche Euroshop FY EPRA EPS Beats Estimates
- DIC GY : VIB Enters Business Combination Agreement With DIC Real Estate
- ERICB SS : Ericsson Talks Up Improvements Ahead of Crunch Investor Meeting
- ERICB SS : Ericsson CEO Likely to Be Discharged of Liability: Handelsbanken
- FILA IM : Fila FY Revenue Beats Estimates
- INH GY : Indus Holding Sees 2022 Ebit EU115M to EU130M
- ISB IR : Islandsbanki Offering by Holder Prices at ISK117/Share
- LEO GY : Leoni FY Sales Beats Estimates
- MBG GY : Mercedes Applies for State-Wage Support in Sindelfingen: WiWo
- NANOFH FH : Nanoform Finland Offers EU25m Shares via Danske Bank, SEB
- NELES FH : Neles to Make Extra Distribution of EU2 Per Share
- NESTE FH : Neste Picks Its Renewables Chief Lehmus as New CEO
- NCOD NO : Norcod Offering of 2.19m Shares Prices at NOK80/Share
- NDX1 GY : Nordex Gets Two Orders for 313.5MW in Finland From Valorem
- NOEJ GY : Norma Sees 2022 Adjusted Ebit Margin About 11%
- BMPS IM : Paschi Says Plan Could Change After War, Macro Scenario
- PST IM : Poste Italiane 4Q Net Income Beats Estimates
- PROX BB : Belgium’s Fifth 5G Bidder Aims For Business Use, Le Soir Says
- SK FP : Bpifrance’s Lac1 Fund Buys Stake in French Appliances Maker SEB
- SEBA SS : SEB Starts New SEK2.5 Billion Share Buyback Program
- SRG IM : Italy Aims for Two Floating Gas Terminals to Replace Russia Fuel
- STLN SW : Swiss Steel Group Names Marco Portmann as CFO From April 1
- TIT IM : CVC Looking at Telecom Italia ServiceCo Assets, Messaggero Says
- TTE FP : TotalEnergies to Stop Buying Russian Oil, Petroleum Products
- TUNG LN : Tungsten and Kofax in Advanced Stages of Revised Deal Proposal
- VIRP FP : Virbac FY Adjusted Current Operating Income Misses Estimates
- VTSC GY : Vitesco to Merge Four Units Into Two to Focus on Electrification
- VOLVB SS : Volvo Cars Cuts 2022 Production Goal on Chip Constraints