Stocks in Asia fell Friday amid a drop in the Chinese technology sector and as investors evaluated economic risks from Federal Reserve monetary-policy tightening and Russia’s war in Ukraine. MSCI Inc.’s Asia-Pacific equity gauge slipped for a second session. Tech shares in Hong Kong slid following U.S. comments that it’s “premature” to speculate about a deal to keep Chinese firms from being kicked off American exchanges. U.S. and European futures edged up after a jump in the S&P 500 on Thursday. Treasuries made modest gains but remain on course for one of their worst quarterly routs since at least the early 1970s. Oil dipped after European Union leaders refrained from fresh steps to cut imports of Russian crude. The U.S. may unveil measures to help Europe reduce flows of Russian natural gas.
Investors are continuing to grapple with the ramifications of Russia’s invasion and isolation, including elevated raw-material costs that have stoked expectations of higher inflation and more aggressive Fed interest-rate hikes.
The yen snapped a prolonged drop against the greenback that was spurred by the monetary-policy divergence between the U.S. and a still-dovish Japan. A gauge of the dollar declined. Global shares are set for their first consecutive weekly gains in 2022, suggesting some equity investors foresee economic growth weathering the conflict, high inflation and the Fed’s campaign against price pressures. US After Hours Pretty quiet after hours; HNST -18.9%, SMRT -16.4% fall on earnings; RKLB -2.9% lowers Q1 rev guidance due to weather-related launch delay
Nikkei +0.14% Hang Seng -2.81% CSI -1.82% Shanghai -1.18% Shenzen -1.41%
Eur$ 1.1025 CNH 6.3765 CNY 6.3621 JPY 121.76 GBP 1.3214 CHF 0.9276 RUB 100.2608 TRY 14.8223 WTI$ 112.33 -0.02% Gold 1958.80 +0.06% BTC 44,190 +0.68% ETH 3135 +1%
S&P +0.15% Nasdaq +0.15% EuroStoxx +0.26% FTSE -0.09% Dax +0.31% SMI +0.06%
Macro :
- Pamplona Capital Says It Will Liquidate Funds Tied to LetterOne
- Morgan Stanley Flags EV Demand Destruction as Lithium Soars
- Spain Announces Fuel Subsidies, EU450m Direct Aid for Truckers
Keep an eye on :
- ABBN SW : ABB Plans Further Share Buyback up to $3B
Keep an eye on :
- ABBN SW : ABB Plans Further Share Buyback up to $3B
- AED BB : Aedifica to Spend GBP29M on Two U.K. Care Home Projects
- AIR FP : Boeing May Not Win 737 Max 10 Certification by Year-End: Reuters
- AAF LN : Airtel Africa Holder Singapore Telecommunications Offers Shares
- AMS SW : Plastic Omnium Is Said to Near Deal for AMS Lighting Unit
- AAPL US : Apple Is Working on a Hardware Subscription Service for IPhones
- BAYN GY : Monsanto Reaches $80 Million Settlement with Ohio Over PCBs
- BP/ LN : U.K. Targets Tenfold Increase in Electric Vehicle Charge Points
- BT/A LN : Drahi’s Altice International Loans $639m to BT-Holding Altice UK
- CARLB DC : Carlsberg Reviews Possible Corruption in Belarus: Berlingske
- CNHI IM : Titan, CNH Industrial Enter Three-Year, $400m Supply Agreement
- AM FP : Greece Buys 6 Dassault Rafale planes and 3 Naval Group Frigates
- DTE GY : Deutsche Telekom Closing Activities in Russia
- DGE LN : Diageo Agrees Sale of Windsor Business for About GBP124M
- DYS LN : Dyson to Invest $1.1 Billion in Singapore, Its New Global Hub
- EUZ GY : Eckert & Ziegler Sees 2022 Net Income About EU38M
- ZIL2 GY : ElringKlinger FY Dividend per Share Misses Estimates
- EQT SS : EQT Said to Weigh Sale of Hollywood Payroll Firm Cast & Crew
- EQUI IM : Equita, Gianni & Origoni Picked to Advise on ITA Sale: Rtrs
- EXO IM : Exor FY Net Assets $31.07B Vs. $24.04B Y/y
- ES FP : Esso Refineries in France Seek Alternatives to Russian Crude
- ECMPA NA : Eurocommercial FY Net Property Income EU155.1M Vs. EU154.6M Y/y
- GLPG NA : Galapagos to Name CEO Stoffels Chair of Proposed Unitary Board
- GAZP RM : Nord Stream 2 to File Bankruptcy Petition Next Days: Stuttgarter
- GBLB BB : GBL’s Sienna Buys Acofi Gestion; No Terms
- G IM : Generali Needs More Independence: Investor Caltagirone in Sole
- HSV LN : Brookfield Considering Possible Offer for HomeServe
- HUSQB SS : Husqvarna Prelim 1Q Net Sales About SEK15B
- LTI SS : Litium Offers SEK25m Shares via ABG Sundal Collier
- LSEG LN : LSE Holders to Sell 5.78m Shares, Terms Show
- ORA FP : Aschenbroich Tapped as Next Orange Chairman: Echos
- POM FP : Plastic Omnium Is Said to Near Deal for AMS Lighting Unit
- PAH3 GY : Porsche 911, Taycan Drive IPO to Electrify VW's Value: BI Focus
- RENE PL : REN FY Net Income EU97.2M Vs. EU109.2M Y/y
- REP SM : Repsol Offers Fuel Discount to Truckers in Spain
- SPM IM : Saipem Approves EU2b Capital Increase
- SDRL NA : Seadrill Names Simon Johnson to Replace Stuart Jackson as CEO
- TIT IM : CVC, Vivendi Said to Seek Stakes in Telecom Italia Unit
- TEL NO : Telenor Sees NOK800M Hit on Income Statement From Myanmar Sale
- TFI FP : TF1, M6 Would Buy France Televisions’ Salto Stake for EU45m
- TRELB SS : Trelleborg Sells Tires Unit to Yokohama Rubber for $2.3 Billion
- HO FP : Greece Buys 6 Dassault Rafale planes and 3 Naval Group Frigates
- UN01 GY : Uniper Hasn’t Received Official Russian Gas-for-Rubles Request
- UU/ LN : United Utilities Says Performance is in Line With Expectations
- VTSC GY : Vitesco Sees FY Revenue EU8.6B to EU9.1B
- VIV FP : CVC, Vivendi Said to Seek Stakes in Telecom Italia Unit
- VOLVB SS : Eicher-Volvo JV may plan to float new unit for EVs