Stocks dipped Wednesday and Treasuries edged up as investors assessed the economic implications of the omicron coronavirus outbreak. Shares slipped in Japan, technology stocks drove a retreat in Hong Kong and China slid. U.S. futures fluctuated after the S&P 500 and the Nasdaq 100 weakened Tuesday, snapping four sessions of gains. Volumes remained thin into the end of the year in some markets. Sentiment in China is being sapped by Beijing’s tightening oversight of overseas share sales and economic risks from a property slowdown. Authorities are expected to add stimulus next year to steady expansion. A key gauge of interbank funding costs in China fell to the lowest level since January after the nation’s central bank added more cash to the financial system to ease a seasonal surge in liquidity demand.
Elsewhere, Elon Musk continued to offload Tesla Inc. stock, selling just over $1 billion of shares.
US After Hours Quiet after hours; CALX jumps +7.4% as it get added to S&P MidCap 400; CALM -7.4% falls on weak earnings
Nikkei -0.56% Hang Seng -1.11% CSI -1.36% Shanghai -0.84% Shenzen -0.72%
Eur$ 1.1304 CNH 6.3726 CNY 6.3714 JPY 114.88 GBP 1.3428 CHF 0.9174 RUB 73.7408 TRY 12.0850 WTI$ 76 Gold 1807 BTC 47,900 ETH 3805
S&P +0.16% Nasdaq +0.36% EuroStoxx -0.13% FTSE +0.60% Dax -0.12% SMI +0.14%
Macro :
- Inflation Surge Puts U.K. on Track for the ‘Year of the Squeeze’
- Another Bond Coupon Payment Deadline Passes: Evergrande Update
Macro :
- Inflation Surge Puts U.K. on Track for the ‘Year of the Squeeze’
- Another Bond Coupon Payment Deadline Passes: Evergrande Update
- Dollar’s Best Days Look Numbered as Funds Rush to Front-Run Fed
Keep an eye on :
- AAL LN : Anglo American Confirms Preliminary Talks With Vale on Iron Ore
- BPE IM : BPER Banca Signs Workforce Optimization Pact With Trade Unions
- DAI GY : Mercedes Swept Up in China Internet Furor Over Model’s Eyes
- DAI GY : Mercedes Swept Up in China Internet Furor Over Model’s Eyes
- EDP PL : EDP Sells Three Brazil Transmission Assets to Actis
- ECV GY : Encavis Buys Remaining 19.99% in Spain Solar Park from Statkraft
- FRA GY : Fraport-TAV Group Signs Concession Deal for Antalya Airport
- GEST SM : Gestamp Automocion CFO Resigns Effective Dec. 31
- JD YS : JD.com Board Authorizes Increase of Share Buyback Size to $3b
- TEP FP : Teleperformance to Buy Senture for $400 Million
- TSLA US : Elon Musk Sells $1.02 Billion Worth of Tesla Shares