Asian stocks were steady Friday as Chinese technology shares advanced, while U.S. futures rose ahead of a key Federal Reserve gathering that may offer clues about the timeline for tapering stimulus.
MSCI Inc.’s Asia-Pacific gauge eked out a gain. Chinese tech names rallied on bets that the most intense phase of Beijing’s regulatory crackdown has passed. China’s central bank also supported sentiment after signaling targeted steps to cushion the economy.
U.S. futures rose as traders awaited Fed Chair Jerome Powell’s Jackson Hole symposium speech. President Joe Biden’s advisers are considering backing Powell for a second term, people familiar with the matter said, a step that could bolster expectations of continuity in accommodative monetary policy.
Treasury yields edged lower and the dollar held a climb. A flood of Treasury options expiring Friday raise the prospect for volatility after Powell’s remarks. Some Fed officials overnight said the time to start tapering stimulus is near, weighing on the S&P 500, which slipped from a record.
US After Hours GPS +6.5%, WDAY +5.4% higher on earnings; OLLI -13.9%, PTON -6.2%, VMW -6.1%, DELL -3.8%, MRVL -2.9%, HPQ -2.1% lower on earning
Nikkei -0.45% Hang Seng +0.15% CSI +0.49% Shanghai +0417% Shenzen -0.03%
Eur$ 1.755 CNH 6.4824 CNY 6.4852 JPY 109.97 GBP 1.3694 CHF 0.9173 RUB 74.2874 TRY 8.3940 WTI$ 68.08 +1.01% Gold 1,798.95 +0.37% BTC 46,850 -185 ETH 3,085 -35
S&P +0.22% Nasdaq +0.29% EuroStoxx -0.00% FTSE +0.07% Dax -0.18% SMI +0.02%
Macro :
- Winners and Losers in China’s Sweeping Private-Sector Crackdown
Macro :
- Winners and Losers in China’s Sweeping Private-Sector Crackdown
- Jackson Hole’s Not Going to Be a Damp Squib
- Suspense Over Fed QE Fate Keeps Volatility at Bay: Macro Squawk
- Brexit Negotiator Barnier Is Running for French President (1)
Spacs :
- Lucid’s SPAC Investors Could Be Forced to Endure a Windfall
Keep an eye on :
Keep an eye on :
- ALFEN NA : Alfen 1H Adjusted Ebitda EU16.9M Vs. EU10M Y/y
- AAPL US : Apple Says App Store Changes Will Resolve Class-Action Suit
- BANB SW : Bachem 1H Sales Beat Estimates
- BARRA NO : Fish-Farming Group Barramundi Considers Dual Listing on SGX: BT
- BC IM : Brunello Cucinelli 1H Ebitda EU80.6M
- ALCAR FP : Carmat Announces Third Commercial Implant of Its Aeson Heart
- CSGN SW : Credit Suisse to Hold Oct. 1 Extraordinary Meeting Virtually
- EVD GY : CTS Eventim and France Billet in Final Talks on Ticketing Accord
- DTE GY : *DEUTSCHE TELEKOM: T-MOBILE FORWARD CONTRACT FIXED AT 20M SHRS
- ENGI FP : Engie on Verge of Paying Altrad to Take Endel Unit, Figaro Says
- ENGI FP : Spie, Bain, Carlyle, CVC-PAI Also Interested in Equans: Echos
- ECMPA NA : Eurocommercial 1H IFRS Profit After Tax EU17.8M
- RACE IM : Lamborghini Countach Takes First Swipe at Ferrari's Luxury Crown
- GPS US : Gap Raises Earnings Guidance Amid Pandemic Recovery -->+6.5% in after Hours
- GPS US : Gap Raises Earnings Guidance Amid Pandemic Recovery -->+6.5% in after Hours
- HAL NA : HAL 2Q Net Asset Value Per Share EU155.33 Vs. EU156.30 Q/q
- HPQ US : HP, Dell Earnings Show PC Market Hamstrung by Chip-Supply Woes --> -2.% in After Hours
- IIAV AV : Immofinanz to Exercise Conversion of 4% Mandatory Conv. Notes
- MONT BB : Montea Buys First Two Projects in Germany for About EU43m
- MOR GY : Incyte, MorphoSys Announce EU Approval of Minjuvi
- PHIA NA : Philips device recall leaves sleep apnoea sufferers in distress, market cap takes €10bn hit after detection of faulty component that patients say worsens their health - FT
- PMAG AV : Pierer Mobility FY Revenue Forecast Beats Estimates
- REC BB : Recticel 1H Net Sales EU596.2M Vs. EU374.3M Y/y
- ROVI SM : Rovi Says It’s Investigating Moderna Vaccine Incident in Japan
- SALM NO : SalMar Decides to Scrap Cash Offer for Norway Royal Salmon
- SFER IM : According to gossip around the Milan market, the Ferragamo family has been fielding fresh interest from potential buyers of its majority stake in the business.- FT
- SPI AV : S Immo 1H Net Income EU136.7M Vs. EU15.9M Y/y
- SIFG NA : SIF 1H Ebitda EU20.2M Vs. EU11.5M Y/y
- SY1 GY : Symrise to Redeem EU400M Convertible Bonds on Sept. 27
- UN01 GY : Uniper’s Datteln-4 Built on Invalid Land Development Plan: Court
- VMUK LN : Virgin Money to Shut Down Charity Fundraising Website: Sky News
- VOE AV : Rising CO2 Price May Put Voestalpine EAF Investment in the Black
- VOW3 GY : Shareholder Group Seeks to Annul Some of VW’s July AGM Decisions
- VOW3 GY : Lamborghini Countach Takes First Swipe at Ferrari's Luxury Crown