Asian stocks held tight ranges Wednesday and U.S. equity futures edged up as Treasuries steadied from overnight declines ahead of the Federal Reserve’s policy decision.
Shares rose modestly in Japan, fell in South Korea and fluctuated in China. European and U.S. equity futures inched up as investors digested the latest earnings reports, after weakness in heavyweights like Tesla Inc. weighed on U.S. stock gauges.
Treasuries held losses that sent benchmark 10-year yields back above 1.6%. A surge in commodities including copper and wheat paused, but is fanning concerns about price pressures. Goldman Sachs Group Inc. analysts predicted commodities will extend their scorching rally over the next six months as the global economy rebounds from the pandemic.
The U.S. dollar extended an advance, while the Australian dollar fell after weaker-than-expected inflation data reinforced the view that monetary policy normalization will lag behind the Fed.
US After HoursGOOG +4.5%, AMD +3.8%, TER +3.4% higher on earnings; PINS -9.9%, ENPH -6.8%, FFIV -5%, AMGN -3.6%, MSFT -2.6%, TXN -2.5%, SYK -2.2%, SBUX -1.8% lower on earnings
Nikkei +0.38% Hang Seng +0.09% CSI +0.03% Shanghai -0.04% Shenzen +0.40%
Eur$1.2072 CNH 6.4827 CNY 6.4868 JPY 108.92 GBP 1.3885 CHF 0.9163 RUB 74.9340 TRY 8.2328 WTI$63.10 +0.27% Gold 17969 -0.43% BTC 54,450 -270
S&P +0.10% NAsdaq +0.06% EuroStoxx +0.28% FTSE +0.30% Dax +0.19% SMI +0.25%
Macro :
- Gundlach Says Fed Is Guessing That Inflation Will Be Transitory
Keep an eye on :
Macro :
- Gundlach Says Fed Is Guessing That Inflation Will Be Transitory
Keep an eye on :
- ADP FP : ADP 1Q Revenue Beats Estimates
- ATL IM : Autostrade per L’Italia Signs 5-Yr EU750 Million Revolver
- SAM SM : Banco Santander 1Q Net Income Beats Estimates
- BARN SX : Barry Callebaut Holder Jacobs Holding Offers 550k Shares, Barry Callebaut Offering by Holder Prices at CHF1,990/Share
- BAVA DC : Bavarian Nordic May Have Covid Vaccine Ready in 2022, JP Says
- BAYN GY : Bayer to Set up IT Hub in Warsaw, Hire 400 People: Puls Biznesu
- BFSA GY : Befesa Drops; Stifel Says 1Q a Solid Beat Despite Auto Concerns
- BEI GY : Beiersdorf Names Vincent Warnery New CEO
- BB FP : BIC Sees FY Net Sales Ex-fx High End Of +5% to +7%
- BRG NO : Borregaard 1Q Ebitda Beats Estimates
- COFA FP : Coface 1Q Current Operating Income EU80.0M Vs. EU30.9M Y/y
- COFA FP : Coface 1Q Current Operating Income EU80.0M Vs. EU30.9M Y/y
- 1COV GY : Covestro 1Q Ebitda Meets Estimates
- CREDA SS : Creades Mulls up to SEK1b Issue of Class A Shares
- DSY FP : Dassault Systemes Boosts FY Non-IFRS EPS View, Beats Est.
- DHER GY : Delivery Hero 1Q Revenue Beats Estimates
- DBK GY : *DEUTSCHE BANK CFO: DON'T EXPECT 2Q MARKET MOMENTUM TO MATCH 1Q
- DWS GY : DWS 1Q Net Inflows Misses Estimates
- RF FP : Eurazeo Appoints Marc Frappier as Member of Exec Board
- ERF FP : Eurofins Scientific 1Q Revenue EU1.61B
- ETL FP : Eutelsat To Pay $550M For OneWeb Stake of About 24%
- G IM : Caltagirone May Challenge Generali CEO Donnet at AGM: Repubblica
- GSF NO : Grieg Seafood Forms Golden Cross; Death Cross in March 2020
- HYQ GY : Hypoport SE Prelim 1Q Ebit EU12M
- IDR SM : Indra Maintains FY Ebit Above EU200M, Est. EU209.4M
- IDR SM : Indra Maintains FY Ebit Above EU200M, Est. EU209.4M
- KGX GY : Kion 1Q Revenue and Income Ahead, Asia Trading Strong: Bergos
- KLOVB SS : Klovern 1Q Property Mgmt Income SEK309M Vs. SEK324M Y/y
- KCR FH : Konecranes 1Q Net Sales Miss Estimates
- MELE BB : Melexis Boosts FY Revenue Forecast
- MMB FP : Lagardere Proposes Conversion Into a Joint-Stock Company
- NCCB SS : NCC 1Q Net Sales Miss Estimates
- NOFI NO : Norwegian Finans 1Q Total Income Misses Estimates
- ONTEX BB : Ontex 1Q Like-for-like Sales -11.1% Vs. -3.70% Q/q
- REE SM : Red Electrica 1Q Net Income Beats Estimates
- SPM IM : Saipem 1Q Rev. Misses Est.; Mozambique Impact to Be Assessed
- SAN FP : Sanofi 1Q Business EPS EU1.61; Outlook Reaffirmed
- SCR FP :Scor 1Q Net Income Beats Estimates
- SHOT SS : Scandic 1Q Adjusted Ebitda Loss SEK775M Vs. Loss SEK174.0M Y/y
- SEBA SS : SEB Creates New Division to Improve Private Banking Offering
- SINCH SS : Sinch 1Q Net Sales Beat Estimates
- SOP FP : Sopra Steria Maintains FY Organic Revenue +3% to +5%
- SGC LN : Stagecoach Co-Founders to Sell 2% Stake in Share Offering: Terms
- STB NO : Storebrand 1Q Net Income Misses Estimates
- SY1 GY : Symrise 1Q Sales Beat Estimates
- STLN SW : Swiss Steel Group Prelim 1Q Adjusted Ebitda About EU44M
- TFI FP : TF1’s Newen Acquires Majority Stake in Spain’s iZen
- UCB BB : UCB Says FDA Set PDUFA Date for Bimekizumab at Oct. 15
- MF FP : Wendel SE 1Q Sales EU1.91B