Stocks in Asia received a fillip Tuesday from China’s technology sector, helping to alleviate some of the caution in global markets ahead of a hotly anticipated Federal Reserve interest-rate hike. An Asian share index pushed higher, with Alibaba Group Holding Ltd. leading the advance in China tech. The e-commerce giant plans to seek a primary listing in Hong Kong, paving the way for investors in China to directly buy its shares.
S&P 500 and Nasdaq 100 futures were in the red but off the day’s lows. Sentiment had taken a knock from a late-day slide in retailer Walmart Inc. on a disappointing profit outlook. Its projection could fan worries about corporate prospects as the US flirts with a recession amid tightening monetary settings. The 10-year US Treasury yield was little changed, oscillating around 2.79%. Traders are braced for a wave of debt sales and a widely expected 75 basis points Fed rate rise on Wednesday, part of campaign to tackle inflation. A dollar gauge is near the lowest level since early July. Commodities rallied, taking oil to $98 a barrel. But Bitcointumbled to the brink of $21,000. Markets are bracing not just for the Fed and any policy signals from Chair Jerome Powell, but also corporate reports from the likes of Apple and Alphabet. Other risks include ongoing disruptions to European gas supplies from Russia as well as China’s Covid curbs and property woes. Ed Yardeni, president of Yardeni Research, argues the S&P 500’s plunge last month to a 3,666.77 low likely marked the trough of the 2022 equity rout. He cites the resilience in corporate earnings and the still-healthy outlook for consumers and businesses even as the US economy slows. US After Hours WMT -10% falls on lowered profit outlook, takes other retailers with it TGT -5.2%; FFIV +5.7%, WIRE +5.6%, TBI +4.9% higher on earnings
Nikkei -0,09% Hang Seng +1,52% CSI +0,84% Shanghai +0,76% Shenzen +0,84%
Eur$ 1,0226 CNH 6,7563 CNY 6,7527 JPY 136,54 GBP 1,2062 CHF 0,9647 RUB 58,50 TRY 17,8460 WTI$ 97,94 Gold 1,721,40 +0,80% BTC 21,112 ETH 1,425,79 -0,60%
S&P -0,27% Nasdaq -0,33% EuroStoxx -0,11% FTSE +0,12% Dax -0,04% SMI
Macro :
- Bitcoin Sinks to One-Week Low Amid Bout of Global Market Nerves
- CS Sees Opportunities in VIX as VVIX Falls to Almost 3-Year Low
- *BILL TO REGULATE STABLECOIN DELAYED UNTIL SEPTEMBER: DJ
- Morgan Stanley Warns Stock Bulls Deluded by ‘Wishful Thinking’
Keep an eye on :
- ACS SM : *ACS, ACCIONA, ABERTIS WIN EU550M TOLL ROADS LAWSUIT: EXPANSION
- AAD GY : Amadeus Fire Maintains FY Operating Ebita Forecast
- AMBUB DC : Ambu Gets US FDA Clearance of Single-Use Bronchoscope
- COIN US : Coinbase Faces SEC Investigation Over Cryptocurrency Listings
- DSY FP : Dassault Systemes Boosts FY Non-IFRS EPS Forecast
- DSY FP : Dassault Systemes Extends Pact With Hyundai Motor by Five Years
- DSV DC : DSV Boosts FY Ebit Before Significant Items Forecast
- EDEN FP : Edenred Sees FY Ebitda EU770M to EU820M, Est. EU787.2M
- ELUXB SS : Whirlpool Cuts FY Ongoing EPS Forecast (10
- ENR GY : Siemens Says Transport of Nord Stream 1 Turbine Can Start: Rtrs
- ETL FP : Eutelsat FY Revenue Matches Estimates
- ETL FP : Eutelsat, OneWeb to Combine in $3.4B All-Share Deal
- FUR NA : Fugro 2Q Adjusted Ebit EU40.7M Vs. EU31.7M Y/y
- G IM : Generali's $65 Billion Problem Is Both Political and Sentimental
- IDIA SW : Idorsia 2Q Operating Loss CHF212M, Est. Loss CHF209.8M
- KESKOB FH : Kesko 2Q Adjusted Ebit Beats Estimates
- LISN SW : Lindt & Spruengli 1H Ebit Beats Estimates, Plans 1 Billion Franc Share Buyback Program
- LOGN SW : Logitech Guidance Cut Shows 2023 Hiccup; Long Term Intact: React
- MC FP :
- MBG GY : Mercedes Rastatt Plant to Pause This Week Over Microchips: DPA
- NDX1 GY : Nordex Gets Contract for 148-MW Wind Farm in Finland
- RAND NA : Randstad 2Q Organic Revenue Beats Estimates
- RCO FP : Remy Cointreau 1Q Revenue Beats Estimates
- RIO LN : Rio Tinto’s China Demand, Dividend, Shipments in Focus: Preview
- SCATC NO : Scatec 2Q Ebitda Misses Estimates
- SIGN SW : SIG Group 1H Revenue Beats Estimates
- SOF BB : Sofina Prelim 1H Net Asset Value per Share EU302
- SOI FP : SOITEC 1Q Like-for-Like Sales +6%
- UBSG SW : UBS Group 2Q Net Income Misses Estimates
- UCG IM : Italy’s FSI, Bancomat sign MoU For Possible Partnership
- UNA NA : *UNILEVER 2Q UNDERLYING SALES +8.8%, EST. +7.39%
- VALN SW : Femsa Publishes Prospectus on Public Tender Offer for Valora
- VAR NO : Var Energi 2Q Avg Production 210,000 BOE/D
- WAC GY : Wacker Neuson Narrows FY Ebit Margin Forecast
- WMT US : Walmart Lowers Profit Outlook for 2Q and 2023