Asian stocks rose along with U.S. and European equity futures Tuesday on optimism over the U.S. vaccination drive and ongoing economic support from central banks. Treasuries dipped and the dollar held a drop.
An Asia-Pacific share gauge was set for the best two-day climb since February, helped by a rebound in Chinese technology stocks. JD.com Inc. soared after the e-commerce giant’s results weathered Beijing’s regulatory clampdown. A vow from China’s central bank to boost credit support aided sentiment.
U.S. and European equity futures edged up after American stocks extended a rebound on full approval for the Pfizer Inc.-BioNTech SE shot. The move proved to be a fillip for the reflation trade as it raises the prospect of more vaccine mandates to underpin economic reopening.
Treasury yields ticked up as traders await the Jackson Hole meeting. Oil was steady following a jump of more than 5%, with risks from Covid-19 still lingering. Gold held near the highest level in over two weeks.
US After Hours PANW +10.4%, RIOT +3% higher on earnings; CARA jumps +24% on FDA approval; TBPH drops -24.9% on clinical data for Izencitinib
Nikkei +1.03% Hang Seng +1.79% CSI +1.21% Shanghai +1.13% Shenzen +0.94%
Eur$ 1.1746 CNH 6.4800 CNY 6.4798 JPY 109.82 GBP 1.3742 CHF 0.9127 RUB 74.0320 TRY 8.4334 WTI$ 65.92 +0.43% Gold 1,802.69 -0.15% BTC 49,560 +45 ETH 3,335 -5
S&P +0.20% Nasdaq +0.21% EuroStoxx +0.21% FTSE +0.18% Dax +0.08% SMI- 0.17%
Macro :
- Super funds could short heavy emitters to meet net zero targets, US hedge fund titan warns
Spacs :
- Volta-Linked SPAC Tortoise II Sinks Ahead of Expected Deal Vote
- Investors pump a record $4.3bn into air taxi start-ups
Keep an eye on :
- ATUS US : Altice USA Falls as Block Trade Is Said Offered via JPMorgan
- AAL LN : Anglo American Starts Chile’s First Green Hydrogen Plant
- ARBN SW : Arbonia Boosts FY Ebitda Margin Forecast
- BAKKA NO : Bakkafrost 2Q Operating Ebit Beats Estimates
- BOKA NA : Boskalis 2Q Order Book EU5.53B
- BOSN SW : Bossard Sees FY Sales CHF930M to CHF960M
- BWO NO : BW Offshore 2Q Operating Revenue Beats Estimates
- CSGN SW : Credit Suisse Hires Investment Banking Global Industrials Head
- EVD GY : CTS Eventim 1H Normalized Ebitda EU79.4M Vs. Loss EU2.70M Y/y
- DMP GY : Dermapharm 1H Adjusted Ebitda EU137M Vs. EU92M Y/y
- ISN SW : Intershop 1H Net Income CHF40.9M
- KRAKEN : Kraken Aims for EU Market Entry by Year-End, CEO Tells HB
- LAND SW : Landis+Gyr Wins Contract With Louisville, Kentucky Utilities
- LXS GY : Lanxess to Buy IFF’s Microbial Control Business in $1.3b Deal
- LLBN SW : Liechtensteinische LB 1H Net Inflows CHF2.75B
- NOVN SW : Novartis Phase 3 BELINDA Study Did Not Meet Primary Endpoint
- PEXIP NO : THG Shares Jump; Davy Notes Omni-Channel Opportunity
- QIA GY : *QIAGEN SEES DEMAND FOR COVID TESTS RISING IN US, FRANCE, ITALY
- STLA IM : Stellantis, Hon Hai Confirm Venture for Cockpit Solutions
- STM FP : Chip Shortage Set to Worsen as Covid Rampages Through Malaysia
- VIFN SW : Vifor Pharma, Cara Get FDA Approval For Korsuva Injection
- FHZN SW : Zurich Airport 1H Revenue Misses Estimates