Asia stocks were mixed on Tuesday as Treasury yields climbed with investors pricing in the start of Federal Reserve tapering and elevated energy prices stoking inflation concerns.
MSCI Inc.’s index of Asia Pacific stocks snapped a three-day advance. Japan and Australia slid. China and Hong Kong advanced, led by property stocks, after China’s central bank said it will work to safeguard the “healthy” development of the property market amid the China Evergrande Group crisis. U.S. futures fluctuated after the tech-heavy Nasdaq 100 dropped.
The benchmark 10-year U.S. yield topped 1.5%, the highest level since June, and the two-year yield hit an 18-month high as traders increasingly priced in the prospect of the Fed trimming its $120 billion in monthly asset purchases soon. The dollar edged higher.
Oil built on a rally as fears of a global energy crunch intensified. Brent hit $80 a barrel for the first time since October 2018. WTI crude climbed above $76 a barrel. Goldman Sachs Group Inc. said Brent could hit $90 by year-end as the market is in a bigger deficit than many realize.
US After Hours EDR jumps +14.5% on deal to buy OpenBet; CNXC +4.7% higher on earnings/buyback; GFF +5.8% higher on alternative review for subsidiary
Nikkei -0,38% Hang Seng +1,40% CSI +0,16% Shanghai +0,46% Shenzen -0,09%
Eur$ 1;1699 CNH 6,4569 CNY 6,4550 JPY 111,19 GBP 1,3710 CHF 0,9265 RUB 72,4366 TRY 8,8230 WTI$ 76,07 Gold 1,751 BTC 42,525 -190 ETH 2,947 -8
S&P +0,03% Nasdaq -0,14% EuroStoxx +0,07% FTSE +0,05% Dax +0,08% SMI
Macro :
- The Uranium Market is Being Roiled by Meme Traders
- Natural Gas Soars Most Since Last Winter on U.S. Scarcity Fears
- Unregulated Crypto Markets Will ‘Not End Well,’ SEC Chair Says
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- LHA GY : Lufthansa Prepared for Travel Ramp-Up in December, Becker Says
- NOVN SW : Novartis Sues Crystal, Adding Patents to Their Entresto Dispute
- Octopus Energy : Al Gore’s Generation Takes $600 Million Stake in Octopus Energy
- OPTI SS : OptiCept Technologies Offers Up to 1.5m Shares, OptiCept Technologies Offering Prices at SEK55.5/Share
- PRSM LN : Vista Said Near $1.5 Billion Deal for Software Firm Blue Prism
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- QDT FP : Quadient Sees FY Adjusted Ebit Above +6%, Saw +5% to +6%
- LIT IM : Marbles Says Reached 66.67% Threshold in Retelit Offer
- SAF FP : Safran Names Pascal Bantegnie as New CFO From January, 2022
- SLT GY : Carlyle Secures 79.8% of Schaltbau Shares
- GLE FP : SocGen Interested in Buying ING’s French Retail Clientele: Echos
- TEVA IT : Pfizer Sues Five Generic-Drug Makers to Block Copies of Eucrisa
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- WKL NA : Wolters Kluwer to Sell U.S. Legal Education Business for $88m