A rally that pushed global equities to a record stalled Thursday ahead of a speech from Federal Reserve Chair Jerome Powell on a monetary policy framework review. Treasuries edged higher.
Asian stocks traded mixed, with Japan, South Korea and Hong Kong declining, while China posted modest gains and Australia outperformed. U.S. futures dipped while Europe’s were flat. A surge in technology shares earlier pushed the S&P 500 index and the Nasdaq Composite to fresh highs for a fourth straight day.
Oil remained near a five-month high ahead of expected disruption from Hurricane Laura, which is set to slam ashore Thursday morning. The offshore yuan traded at around the highest since January amid signs of tight liquidity, while the dollar was steady. Australian bonds advanced on fresh quantitative easing purchases.
US After Hours NTAP +8.3%, BOX +8.2% up big on earnings; WSM -5%, SPLK -1.7% lower on earnings
Nikkei -0.44% Hang Seng -0.89% CSI +0.34% Shanghai +0.52% Shenzen +0.92%
Eur$ 1.1828 CNH 6.8792 CNY 6.8842 JPY 106.01 GBP 1.3206 CHF 0.9078 RUB 75.4781 WTI$ 43.39 Unch
S&P -0.19% Nasdaq -0.30% EuroStoxx -0.03% FTSE +0.05% Dax +0.12% SMI
Macro :
- Gold Is Bigger Bubble Than Tech, Says $63 Billion Asset Manager
- Germany to Use EU Funds to Trim About 15 Billion Euros From Debt
- Italy, Spain, France Reject Lockdowns Despite Covid Rise (1)
- Swiss GDP Contracts 8.2% Q/q in 2Q; Est. Contracts 9% Q/q
Keep an eye on :
- AGS BB : Ageas Subscribes to Taiping Re Capital Raise for HK$3.1b
- AMGO LN : Amigo Founder Benamor Says He’ll Cut Stake Below 10% by Thursday
- ARYN SW : Aryzta Proposed Chair Gets Support from Swiss Proxy Adviser
- BALN SW : Baloise First Half Profit Misses Estimates
- BAYN GY : Black Farmers Sue Bayer For Failure to Point Out Roundup Harms
- BIOVICB SS : Biovica International to Offer SEK110m Shrs
- BME LN : B&M Could Replace ITV in FTSE 100 Index, LSE Says
- EN FP : Bouygues First Half Revenue EU14.76 Bln, -15% Y/y
- BWO NO : BW Offshore Second Quarter Net Income Beats Estimates
- COPN SW : Cosmo Says FDA Approves Cassiopea’s Winlevi
- DHER GY : Delivery Hero Buys InstaShop at Initial Purchase Price of ~$270m
- EQNR NO : Equinor to Cut Staff by 20% in U.S. to Weather Oil Price Slump
- FGR FP : Eiffage First Half Order Book EU17 Bln
- EVS BB : EVS Broadcast First Half Revenue EU39.6 Mln
- FIE GY : Fielmann Hits Corona Bump, Reiterates Financial Forecast
- GFS LN : G4S’s GBP300m Prison Contract Halted Amid Legal Challenge: BBC
- GIVN SW : Givaudan Targets Average Organic Sales Growth of 4%-5%
- HNSA SS : Hansa Biopharma Holder Nexttobe to Offer 3.6m Shrs via Carnegie, SEK240/Shr
- HSBA LN : HSBC's $4.5 Billion Cuts Not Enough; Visibility Better: BI Focus
- IIA AV : Immofinanz First Half Rental Income EU145.5 Mln
- INS GY : Instone Real Estate 1H Adjusted Revenue EU179.6 Mln, +3.1% Y/y
- ISN SW : Intershop First Half Net Income CHF33.9 Mln, -19% Y/y
- KFASTB SS : K-fast Holding to Offer 2m Shares via Danske Bank, @ SEK252/Share
- LONN SW : Lonza Optimistic on FDA Green Light for Moderna Vaccine: Market
- MARI AV : *MARINOMEND SAYS CARRAGELOSE CUT SARS-COV-2 REPLICATION 99%
- MB IM : Delfin Says ECB Authorizes Raising Mediobanca Stake Above 10%
- NN NA : NN Group: Holders of 44.1% of Shares to Get Dividend in Shares
- PAH3 GY : Porsche Postpones Launch of Roomier Taycan EV to Early Next Year
- QLRO SS : Qliro to Offer SEK210m Shares via Carnegie, 30m Shares @ SEK7/share
- RR/ LN : Rolls-Royce to Close Nottinghamshire Site, Scale Back Lancashire
- SALM NO : Salmar Second Quarter Operating Ebit Beats Highest Estimate
- SON PL : Sonae First Half Net Loss EU75 Mln Vs. Profit EU38 Mln Y/y
- SRCG SW : Sunrise Second Quarter Adjusted Ebitda 1.2% Above Estimates
- TIT IM : Italy Govt. Set to Approve Telecom Italia Grid Plan: Repubblica
- TLG GY : TLG Immobilien First Half FFO EU78.3 Mln, +9.5% Y/y