Asian stocks slipped Tuesday as traders considered the mounting risks to growth in the region from spiking Covid-19 cases and the implications of a broadening antitrust crackdown in China.
An Asia-Pacific share gauge snapped a three-day climb. Japan underperformed as pandemic-related curbs weighed on sentiment and the nation’s central bank left policy unchanged while cutting its inflation forecast. U.S. stock futures edged up after solid corporate earnings helped the S&P 500 Index to a record.
Shares retreated in China, where regulators are now investigating food-delivery giant Meituan for suspected monopolistic practices, an extension of the campaign to rein in the country’s technology behemoths.
The U.S. 10-year Treasury yield held well below last month’s peaks, and the dollar gained. Oil prices climbed on OPEC+ projections of a strong global recovery, despite the near-term threat of surging Covid-19 cases in India.
US After Hours TSLA -1.8%, AXTA -11.2%, AMP -10.3%, CDNS -3.8% lower on earnings; BRO +10.1%, WIRE +8.4%, SBAC +5.1%, TBI +4.1%, HSTM +3.7% higher on earnings
Nikkei -0.23% Hang Seng +0.28% CSI +0.07% Shanghai -0.14% Shenzen -0.30%
Eur$ 1.2076 CNH 6.4766 CNY 6.4820 JPY 108.22 GBP 1.3891 CHF 0.9155 RUB 74.8663 TRY 8.2782 WTI$ 62.50 +0.92% GOLD 1,782.75 +0.08% BTC 54,000 +610
S&P +0.24% Nasdaq +0.23% EuroStoxx +0.08% FTSE +0.02% Dax +0.05% SMI
Macro :
- London IPO Crown Threatened by Amsterdam, Frankfurt: ECM Watch
Keep an eye on :
Macro :
- London IPO Crown Threatened by Amsterdam, Frankfurt: ECM Watch
Keep an eye on :
- ABBN SW : ABB: Carving Out E-Mobility to Allow for Possible IPO (1)
- ATE FP : Alten 1Q Revenue EU681.1M Vs. EU690.1M Y/y
- ARJOB SS : Arjo 1Q Adjusted Ebitda Beats Estimates
- BFSA GY : Befesa 1Q Ebitda EU48.8M Vs. EU33.6M Y/y
- BHG SS : BHG Group 1Q Adjusted Ebit Beats Estimates
- BILL SS : BillerudKorsnas 1Q Adjusted Ebitda Beats Estimates (1)
- BIM FP : BioMerieux Cuts FY Organic Sales Forecast
- BP/ LN : BP Targets U.S. Retail Electricity Business: Reuters
- BOL SS : Boliden 1Q EPS Beats Estimates
- BUCN SW : Bucher 1Q Orders CHF906M Vs. CHF668M Y/y
- CABK SM : *SANTANDER, CAIXABANK, SABADELL SEEKS TO EXIT SAREB:CONFIDENCIAL
- COLR BB : Colruyt Buys Belgian Meal Caterer Culinoa; No Terms
- DSV DC : DSV AGREES TO BUY AGILITY’S GIL FOR $4.1B IN SHARES
- ELK NO : Elkem Share Sale Is Likely to Price at NOK33.50 Apiece: Terms
- EQT SS : Cox Is Said to Be Nearing Deal to Buy Segra’s Enterprise Unit
- EVO SS : Evolution 1Q Ebitda Beats Estimates
- HABA GY : Hamborner REIT 1Q FFO EU12.7M Vs. EU13.3M Y/y
- HEMNET IPO : Hemnet Sets Price at SEK115 a Share in Stockholm IPO
- HSBA LN : HSBC 1Q Adjusted Pretax Profit Beats Estimates
- INWI SS : Inwido 1Q Net Sales Beat Estimates
- KEMIRA FH : Kemira 1Q Oper Ebitda Meets Estimates
- MS IM : Mediaset FY Ebit Beats Estimates
- MS IM : Mediaset FY Ebit Beats Estimates
- ML FP : Michelin 1Q Revenue Meets Estimates
- COX FP : Nicox: U.S. Patent Office Issues Allowance Notice for Vyzulta
- NHY NO : Norsk Hydro 1Q Underlying Ebitda Beats Estimates
- NOVN SW : Novartis 1Q Core EPS Misses Estimates
- PNDXB SS : Pandox 1Q Sales Miss Estimates
- RESURS SS : Resurs Holding 1Q EPS SEK1.14 Vs. SEK1.02 Y/y
- ROG SW : Roche Granted FDA Orphan Drug Status for Cobimetinib
- SAB SM : *SABADELL TO HIRE RODRIGUEZ MAROTO TO MANAGE RETAIL: EXPANSION
- SU FP : Schneider Electric Raises FY Growth Targets
- SEM PL : Sodim Says Offer Period for Semapa Shares Ends on May 25
- SEM PL : Sodim Says Offer Period for Semapa Shares Ends on May 25
- SIKRIME NO : Sikri Holding Offering of 4m Shares Prices at NOK115/Share
- SSABA SS : Solidium Offloads Half Its SSAB Stake After 75% Rally
- SWEDA SS : Swedbank 1Q Net Income Beats Estimates (1)
- TE FP : Technip Energies Holder TechnipFMC Offers 25m Shares
- TSLA US : Tesla Faces Possible Fine Over Work on German Plant, ZDF Says
- TSLA US : Tesla Made $101 Million Selling Bitcoin in First Quarter
- UBSG SW : UBS Group 1Q Net Income Beats Estimates
- UBSG SW : UBS Takes Surprise $774 Million Hit From Archegos
- VOW GY : Volkswagen Mexico to Halt Production on Limited Semiconductors
- WIHL SS : Wihlborgs 1Q Income From Property Management Misses Estimates