Asian stocks fell Wednesday as traders evaluated more evidence of intensifying global price pressures, a flareup in U.S.-China tension and the corporate earnings outlook.
Equities fell in Japan, and Chinese technology shares slid on concerns about more scrutiny from Washington after the U.S. banned China Telecom’s American business. S&P 500 and Nasdaq 100 futures were steady amid a mixed response to big-tech earnings released later in the U.S. session. European contracts declined.
The debt crisis in China’s property sector continues to hang over the market: authorities told billionaire Hui Ka Yan to use his personal wealth to alleviate China Evergrande Group’s woes. Meanwhile, a top Chinese regulator called on companies to make “active preparations” to meet payments on offshore bonds.
In Australia, bond yields and the currency climbed after core inflation beat estimates. The three-year yield topped 1% for the first time since 2019. Treasury yields advanced and the yield curve flattened. The dollar was steady.
Meanwhile, the energy crunch continues to ripple across the global economy. Coal stockpiles at U.S. power plants plunged to the lowest in at least 24 years. WTI crude oil slid under $84 a barrel.
Gold retreated back below $1,800 an ounce and Bitcoin slipped to around $61,200. On the virus front, a Food and Drug Administration panel gave its backing to the Pfizer Inc. and BioNTech SE vaccine for young children.
US After Hours ENPH +12.2%, JNPR +5%, FFIV +4%, TWTR +3.1%, MSFT +1.6% higher on earnings; HOOD -7.1%, TXN -3.5%, V -3.4% lower on earnings; CRTX -72.7% and ANGN -56.8% fall on clinical data
Nikkei -0.19% Hang Seng -1.63% CSI -1.25% Shanghai -0.95% Shenzen -1.14%
Eur$ 1.1596 CNH 6.3833 CNY 6.3861 JPY 114.06 GBP 1.3763 CHF 0.9196 RUB 69.4723 TRY 9.5316 WTI$ 83.85 -0.95% Gold 1,786.86 -0.35% BTC 60,850 -1.95% ETH 4277 +0.33%
S&P +0.12% Nasdaq +0.13% EuroStoxx -0.30% FTSE +0.00% Dax -0.25% SMI -0.05%
Macro :
- Swiss Franc Could Slide If Equities Crater
- U.K. Queen Will Not Travel to COP26 at Glasgow Monday: The Sun
- U.K. Queen Will Not Travel to COP26 at Glasgow Monday: The Sun
- Hedge Funds Revive Treasury Basis Trade as Front-End Yields Soar
Keep an eye on :
Keep an eye on :
- AKSO NO : Aker Solutions 3Q Adjusted Ebitda NOK459M
- GOOGL US : Alphabet 3Q Revenue Ex-TAC Beats Estimates: Snapshot
- ADJ GY : KKR Is Mystery Firm Looking to Buy $1 Billion Adler’s Assets (1)
- AMBA US : Ambarella to Acquire Oculii; Radar Perception AI Algorithm Global Leader for £307.5mil Cash
- ASMI NA : ASMI 4Q Revenue Forecast Beats Estimates
- BAS GY : BASF Boosts FY Adjusted Ebit Forecast
- BFIT NA : Basic-Fit 9M Club Openings 90
- BB FP : BIC Boosts FY Net Sales Ex-fx Forecast
- BP/ LN : BP Added 200k B/D of New Oil and Gas Production in Past Year
- BP/ LN : BP Made $500M On LNG Trading in Q3: Reuters
- BVI FP : Bureau Veritas 3Q Revenue Beats Estimates
- COM GY : Compleo to Buy Innogy Unit for up to EU59m Plus 200,000 Shares
- CRBN NA : Corbion Forecasts FY Results
- DAE SW : Daetwyler to Credit CHF58M to Income on Reichelt Sale
- DAI GY : Mercedes Bets Entry-Level EV Buyers Will Accept Shorter Range
- DAI GY : Daimler Trucks to Unveil Regional Profits in Savings Goal Chase
- DBV FP : DBV Tech 3Q Net Loss $24.0M
- DBK GY : Deutsche Bank 3Q FIC Sales & Trading Revenue Beat Estimates
- DWS GY : DWS 3Q Net Inflows Beats Estimates
- EDPR PL : EDP Renovaveis Hasn’t Signed Any Agreement to Buy Sunseap
- ELK NO : Elkem 3Q Ebitda Beats Estimates
- ENI IM : ENI: Vår Energi Considers Various Alternatives, Including IPO
- ENT LN : DraftKings Jumps, Entain Falls as $22.4 Billion Merger Unravels
- ENT LN : DraftKings Jumps, Entain Falls as $22.4 Billion Merger Unravels
- EQNR NO : Equinor Expands Buyback as Profit Jumps on Record Gas Prices (1)
- EVT GY : Evotec Offers Up to 22m ADS
- GOE FP : Gorge to Distribute Most of Its Prodways Shares to Shareholders
- HOFI SS : Hoist Finance 3Q Operating Income SEK642M Vs. SEK679M Y/y
- HYQ GY : Hypoport SE Prelim 9M Ebit EU33.5M
- IFX GY : AMD Boosts FY Revenue Forecast: Snapshot
- MMT FP : M6 3Q Revenue Beats Estimates
- MSFT US : Microsoft 1Q Revenue Beats Estimates: Snapshot
- NTGY SM : Naturgy Seeks to Partner With Plenium in Eolia Bid: Expansion
- NXI FP : Nexity 9M Revenue EU3.29B Vs. EU2.74B Y/y
- NOVN SW : Novartis Syringe Patent Gets Reviewed on Regeneron Challenge
- NOVN SW : Novartis’ Kymriah Gets FDA Priority Review for r/r FL Treatment
- POM FP : Plastic Omnium 3Q Revenue EU1.79B Vs. EU2.10B Y/y
- PUM GY : *PUMA SEES FY EBIT EU450M TO EU500M, SAW EU400M TO EU500M
- REE SM : Red Electrica 3Q Ebitda Meets Estimates
- RLF SW : Relief Therapeutics Unit Reports Positive Data From Covid Trial
- RILBA DC : Rilba Sees FY Pretax Profit High End Of DKK1.2B to DKK1.5B
- RNBS SS : RNB Bondholders Approve Conversion of Debt Into Shares
- SAA1V FH : Sanoma 3Q Revenue Meets Estimates
- SAN SM : Santander on Track to Significantly Beat Profitability Guidance
- SU FP : Schneider Electric 3Q Organic Revenue Beats Estimates
- SCHA NO : Schibsted 3Q Ebitda Meets Estimates
- SCR FP : Scor 3Q Gross Written Premiums Beats Estimates
- SK FP : SEB Boosts FY Reported Sales Change Forecast
- SEYE SS : Smart Eye Offers SEK200m Shares via Carnegie
- BVN SW : Skan IPO Offer Price Set at CHF54/Share; Gross Proceeds CHF93.5m
- SMCP FP : SMCP 3Q Organic Sales +8.4%
- SW FP : Sodexo Sees 2022 Organic Revenue +15% to +18%
- STB NO : Storebrand 3Q Net Income Beats Estimates
- SUN SW : Sulzer 3Q Orders CHF803M, Confirms FY Guidance
- TEMN SW : EQT Is Said to Weigh Bid for Swiss Software Firm Temenos -->Close +20% in the @ $153.50 ie CHF141.20 +15% vs ISX closed - only 65k ADS traded
- TRELB SS : Trelleborg 3Q Adjusted Ebit Beats Estimates
- TUREB SS : Truecaller 3Q Ebit SEK36.2M Vs. SEK34.2M Y/y
- VLA FP : Valneva Offers ADS and Ordinary Shares
- TXN US : *TEXAS INSTRUMENTS 3Q REV. $4.64B, EST. $4.66B
- TKO FP : European Asset Manager Tikehau Files for Singapore SPAC: Report
- 2330 TT : TSMC Founder Says U.S. Won’t Succeed in Local Chip Making: CNA
- VLA FP : Valneva to Defer Reporting 3Q Results Amid Post-Closing Events
- VASTN NA : Vastned 3Q Occupancy 97.6%
- VIFN SW : *ANGION FALLS MORE THAN 50% AFTER TRANSPLANT DRUG W/ VIFOR FAILS
- VOW3 GY : QuantumScape Shares Fall 5.5% as Battery Progress Disappoints
- WLN FP : Worldline 3Q Organic Revenue +8.3%, Confirms FY Guidance
- WLN FP : Worldline Aims for 2022-2024 Revenue Growth of 9% to 11% CAGR
- YCA LN : Yellow Cake Offers $150m Shares