Stocks in Asia fell Thursday as fresh concerns about the spread of Covid-19 from China weakened risk appetite in one of the final trading days of the year. Equity benchmarks in Japan, Hong Kong, Australia and South Korea fell more than 1% on thin trading volume and mainland China shares also weakened. Futures contracts for European stocks fell and contracts for the S&P 500 fluctuated after the index slid 1.2% to the lowest level in more than a month. Australian and New Zealand 10-year government bond yields climbed. The 10-year Treasury yield fell slightly after rising in the prior session. The yen strengthened as the Bank of Japan’s announcement of an unscheduled round of bond purchases failed to ease speculation that the central bank would further pare its stimulus. Appetite for risk waned on news that the US would require inbound airline passengers from China to show a negative Covid-19 test prior to entry. In Italy, health officials said they would test arrivals from China and said almost half of passengers on two flights from China to Milan were found to have the virus.
The prospect of further pandemic disruption to fragile supply chains as central banks grapple to bring inflation under control damped sentiment in the final trading week of 2022 after a brutal year for financial markets. Global equities have lost a fifth of value, the largest decline since 2008 on an annual basis, and an index of global bonds has slumped 16%. The dollar has surged 7% and the US 10-year yield has jumped to above 3.8% from just 1.5% at the end of 2021. Data released Wednesday showed the Federal Reserve’s aggressive tightening policy has taken a toll on the housing market. US pending home sales fell for a sixth consecutive month in November to the second-lowest on record. Borrowing costs have roughly doubled since the start of the year and home sales have been declining for months. oil dipped amid thin liquidity as investors weighed the fallout from a Russian ban on exports to buyers that adhere to a price cap. US After Hours Another quiet after hours; CALM -5.5% lower on earnings; RXO +4.7% higher as it will move to S&P SmallCap 600; IMGN -2.6% lower as CFO will step down after medical leave.
Nikkei -0,94% Hang Seng -1,03% CSI -0,31% Shanghai -0,36% Shenzen -0,23%
Eur$ 1,0622 CNH 6,9776 CNY 6,9735 JPY 133,72 GBP 1,2035 CHF 0,9273 RUB 72,75 TRY 18,7177 WTI$ 78,76 -0,25% Gold 1,809 BTC 16,566 +0,26% ETH 1,195,50
S&P +0,10% Nasdaq +0,37% EuroStoxx -0,26% FTSE -0,41% Dax -0,30% SMI -0,15%
Macro :
Macro :
- EU Commission to Discuss Reaction to China Covid Surge:AFP/Belga
- Italy to Test China Arrivals for Covid, Wants EU to Do Same
- Italy Reaches All 55 EU Recovery Fund Targets to Unlock Payments
- Italy Reaches All 55 EU Recovery Fund Targets to Unlock Payments
- Stock Hedge Funds Vaporize Billions With Another Year of Losses
- Chinese Lithium Miner Sees Prices Down 25% in Balm For EV Makers
Keep an eye on :
Keep an eye on :
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- BAMI IM : Banco BPM to Evaluate Growth, M&A for Anima: CEO to Sole
- BMW GY : BMW Recalls 5,586 EVs in S. Korea to Fix Software Error
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- LHA GY : Italy May Agree on ITA Stake Sale to Lufthansa by End Jan.: Ansa
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- SKAB SS : Skanska Builds Medical Education Building in US for SEK1.1b
- TSLA US : Tesla’s Drop Puts $157 Million Korea Structured Products at Risk
- TSLA US : Musk Tells Tesla Staff Don’t Be Bothered by Mkt ‘Craziness’:Rtrs
- VWS DC : Vestas Gets 216-MW Order for Wind Farm in Arizona