Asian stocks fell Thursday amid concerns that the recovery from the pandemic will slow as elevated inflation forces tighter monetary policy. Commodities including iron ore and crude oil dropped.
Shares slipped in Japan and China and were little changed in South Korea, where Samsung Electronics Co.’s third-quarter profit exceeded estimates. U.S. and European futures edged up after the tech-heavy Nasdaq 100 touched an intraday record and the S&P 500 dipped but stayed in sight of all-time highs.
Longer term U.S. Treasuries held a rally. Flatter sovereign-yield curves are highlighting growth worries as price pressures stoked by an energy crunch and supply-chain snarls push central banks toward paring accommodation. Australia’s sovereign yields surged after the monetary authority opted against defending its yield target, spurring speculation about a possible policy shift.
Risks from China’s property-market slowdown and crackdown on private enterprise are also still in focus. The yen and gold advanced and resource-linked currencies struggled in a sign of cautious investor sentiment.
Meanwhile, the White House is stepping up pressure on congressional Democrats to finalize a framework for President Joe Biden’s tax-and-spending plan of as much as $2 trillion. On the virus front, cases continue to escalate in a number of countries. Singapore said it’s investigating an “unusual surge” of infections.
In cryptocurrencies, Bitcoin retreated below $60,000, falling further back from the peak of almost $67,000 reached last week.
US After Hours LC +28.1%, F +9%, SNBR +7.8%, ALGN +7.7%, ETD +7.1%, KLAC +3.6% higher on earnings; TWLO -12.7%, NTGR -7.6%, UPWK -6.4%, EBAY -5.5%, NOW -4.3% lower on earnings
Nikkei -0.96% Hang Seng -0.18% CSI -0.67% Shanghai -1.15% Shenzen -1.36%
Eur$ 1.1605 CNH 6.3969 CNY 6.3978 JPY 113.51 GBP 1.3746 CHF 0.9183 RUB 70.5790 RUB 70.5855 TRY 9.5176 WTI$ 81.90-0.92% Gold 1803.75 +0.39% BTC 59,000 +0.16% ETH 4015 +0.82%
S&P +0.13% Nasdaq +0.19% EuroStoxx -0.02% FTSE +0.08% Dax -0.10% SMI -0.08%
Macro :
- U.K. Car Production Plunged 41% in Worse September Since 1982
Keep an eye on :
Macro :
- U.K. Car Production Plunged 41% in Worse September Since 1982
Keep an eye on :
- ABI BB : AB InBev FY Adjusted Ebitda Forecast Beats Estimates
- ABDN LN : Abrdn in Talks to Buy Investment Info Platform Finimize: Sky
- AIR FP : Airbus Boosts FY Adjusted Ebit Forecast
- AKRBP NO : Aker BP 3Q Net Income Misses Estimates (1)
- ALD FP : SocGen Confirms Talks With LeasePlan Owners on Merger with ALD
- ATE FP : Alten Sees FY Organic Revenue Above +10%
- AMG NA : AMG 3Q Ebitda $33.1M Vs. $14.1M Y/y
- AUTN SW : Autoneum Cuts FY Guidance Due to Supply Chain Bottlenecks
- BG AV : Bawag Eyes Rising Dividend Ratio, 3Q Pretax Profit Meet Est. (1)
- BEI GY : Beiersdorf Sees ‘Slight’ Growth in Ebit Margin in 2022
- BCP PL : Banco Comercial Isn’t Interested in Acquisitions, CEO Maya Says
- BFSA GY : Befesa 3Q Ebitda EU34.6M Vs. EU29.3M Y/y
- BONAVA SS : Bonava 3Q Operating Profit Misses Estimates
- CAP FP : *CAPGEMINI RAISES 2021 SALES GROWTH, OPERATING MARGIN TARGETS
- CINT SS : Sweden’s Cint Group to Buy U.S. Analytics Firm for $1.1 Billion
- CTY1S FH : Citycon Narrows FY EPRA EPS Forecast
- CNP FP : Banque Postale Offers EU21.90/Shr for Rest of CNP: M&A Snapshot
- COFB BB : Cofinimmo 9M Adjusted EPS EU5.56 Vs. EU5.24 Y/y
- DAI GY : Daimler to Align Management Board Duties With Mercedes-Benz
- DSY FP : Dassault Systemes Boosts FY Non-IFRS EPS View, Beats Est.
- DRW3 GY : Draegerwerk 3Q Ebit EU47.9M Vs. EU126.7M Y/y
- DUFN SW : Dufry 3Q Revenue Beats Estimates
- EDP PL : EDP Buys Sonatrach’s Stake in Soto 4 Plant as Partnership Ends
- EKT GY : Energiekontor Sells Solar Park to Stadtwerke Heidenheim
- EPROB SS : Electrolux Professional 3Q Ebit Misses Estimates
- EURN BB : Euronav Says No Proposal or Discussion for Merger With Frontline
- FUR NA : Fugro 3Q Adjusted Ebit EU28.8M Vs. EU40.4M Y/y
- GETIB SS : Getinge’s Outlook Now Reflected in Shares, Berenberg Downgrades
- HEIA NA : Heineken Takeover Talks With Distell Prolonged by Investors (1)
- HTWS LN : Helios Towers 3Q Adjusted Ebitda Misses Estimates
- HEXAB SS : Hexagon 3Q Adjusted Ebit Meets Estimates
- HMB SS : H&M Seeking to Close Paris Champs-Elysees Store, AFP Says
- IDIA SW : Idorsia: J&J to Convert CHF110M of Conv Loan to 9.6M Shares
- IDR SM : Indra Boosts FY Ebit Forecast
- JMT PL : J. Martins 3Q Net Income Beats Estimates
- KIN BB : Kinepolis 3Q Change In Attendance +193.1%
- KCR FH : Konecranes 3Q Ebit Misses Estimates
- MMB FP : Lagardere 3Q Revenue EU1.46B Vs. EU1.19B Y/y
- LAND SW : Landis + Gyr Sees 2021 Revenue +7% to +11%
- LD IM : Amalfi Holding in Pact to Buy 63.13% of La Doria Share Capital
- LLBN SW : Liechtensteinische LB to Spend CHF100M on Digital in 5-Year Plan
- LPK GY : LPKF Sees FY Ebit Margin Low End Of 10% to 13%, Saw 10% to 13%
- MIPS SS : Mips 3Q Operating Profit Beats Estimates
- NOKIA FH : Nokia Reiterates Outlook After Stronger-Than-Expected 3Q Report
- NOS PL : NOS Invests EU165.1m to Buy As Much 5G Spectrum As ‘Possible’
- PROT NO : Protector Forsikring to Pay Special Div of NOK1.67 per Share
- REP SM : Repsol to Propose 5% Dividend Increase, Share Redemption
- ROG SW : Roche, Zur Rose Announce Collaboration in Diabetes Offering
- SAN GY : *SANOFI LIFTS FY OUTLOOK, NOW SEES BUSINESS EPS UP AROUND 14%
- RDSA LN : Shell Welcomes Open Dialogue; Will Engage With Third Point
- SKAB SS ; Skanska 3Q Operating Profit Beats Estimates
- GLE FP : SocGen Confirms Talks With LeasePlan Owners on Merger with ALD
- SPK SM : Solarpack Proposed acquisition By EQT Gets CNMV Approval
- STLA I M : Stellantis Sales Drop as Chip Crunch Cuts Third-Quarter Output
- STM FP : STMicroelectronics 4Q Net Revenue Forecast Beats Estimates
- STMN SW : Straumann 3Q Revenue Beats Estimates
- SOLB BB : Solvay Plans to Invest as Much as EU2b in Carbon Neutrality Push
- SUSE GY : SUSE Buys NeuVector for $130M in Cash & Stock
- SCMN SW : Swisscom Cuts FY Net Revenue Forecast
- TEMN SW : Thoma Bravo Is Said to Weigh Bid for Swiss Software Firm Temenos
- TNET BB : Telenet Boosts FY Free Operating Cash Flow Forecast
- TSLA US : Tesla Target Hiked to Street-High at Piper on Margin, Unit Views
- TSLA US : Tesla Target Hiked to Street-High at Piper on Margin, Unit Views
- TIT IM : Telecom Italia Cuts Guidance Amid Competition in Home Market
- TTALO FH : Terveystalo 3Q Revenue Beats Estimates
- TOBII SS : Tobii 3Q Operating Profit SEK0 Vs. Loss SEK27.0M Y/y
- TTE FP : TotalEnergies Profit Jumps More Than Expected as Gas Prices Soar
- UMG NA : Universal Music Sales Grew 16% in First Report After Its IPO
- UCG IM : UniCredit Lifts Profit Target as Lower Provisions Boost Earnings
- URW NA : Unibail Sees FY Adj. Recurring EPS At Least EU6.75, Est. EU7.30
- MAIL LI : VK 3Q Ebitda Beats Estimates
- VOW GY : VW Sticks to Margin Goal After Chip Shortage Hits Output
- VOW GY : *VW 3Q ADJ. OPER PROFIT EU2.80B, EST. EU2.49B
- VOW GY : *VW CUTS FY FORECAST FOR DELIVERIES TO `IN LINE' WITH 2020
- VOS GY : Vossloh 3Q Ebit EU19.8M
- MF FP : Wendel 9M Organic Revenue +12%
- WBD IM : Webuild Wins A$3.3b Construction Contract in Australia
- WPP LN : WPP Lifts Guidance as Ad Sales Jump Past Pre-Pandemic Levels
- XXL NO : XXL 3Q Ebitda Misses Estimates