Asian stocks and U.S. futures were steady Monday as traders weighed inflation risks, China’s outlook and looming earnings reports from big technology firms. Turkey’s lira slid to a record low amid a diplomatic spat.
Equities dipped in Japan and were mixed in China, where the central bank boosted a daily liquidity injection and officials expanded a property-tax trial. Signs that it would take at least five years before authorities impose any nationwide property tax bolstered industrial metals including iron ore.
S&P 500 and Nasdaq 100 futures fluctuated and the 10-year U.S. Treasury yield edged up. Federal Reserve Chair Jerome Powell on Friday flagged inflation could stay higher for longer. He made clear the Fed will soon start tapering bond purchases but stay patient on rate hikes. The dollar and the yen slipped.
The lira fell after Turkey’s President Recep Tayyip Erdogan said 10 ambassadors, including from the U.S., Germany and France, were no longer welcome. They had demanded the release of a businessman and philanthropist.
The Fed is becoming more hawkish as it responds to inflationary pressures “so we can expect more rate hikes than the market is pricing right now,” Rajeev de Mello, Deep Learning Investments managing director, said on Bloomberg Television. “There is the worry that faster tapering or a more hawkish Fed will create the risk of a slowdown.”
Nikkei -0.80% Hang Seng +0.08% CSI -0.13% Shanghai +0.27% Shenzen +0.44%
Eur$ 1.1658 CNH 6.3766 CNY 6.3817 JPY 113.58 GBP 1.3778 CHF 0.9155 RUB 70.2787 TRY 9.7394 WTI$ 84.56 +0.94% Golds 1,799.59 +0.39% BTC 61,915 +1.23% ETH 4,125 +1.45%
S&P +0.10% Nasdaq +0.11% EuroStoxx +0.18% FTSE +0.21% Dax +0.14% SMI +0.14%
Macro :
Macro :
- China Expects New Covid Outbreak to Worsen in Coming Days
- Gundlach Says He’s a Little Less Okay With Owning Stocks: CNBC
- Gundlach Says He’s a Little Less Okay With Owning Stocks: CNBC
- Goldman Sees DeFi Delivering Indirect, Direct Value to Crypto
- Hedge Funds Slash Faang Exposure to Two-Year Low Before Earnings
Keep an eye on :
Keep an eye on :
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- SAS SS : SAS Needs to Make Big Changes to Survive, CEO Tells Finans
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- UCG IM : UniCredit, Italy Talks Over Monte Paschi Purchase Collapse
- VOD LN : Musk’s Starlink May Use Vodafone Spectrum to Cover U.K.: Paper
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