U.S. equity futures fell and Asian stocks were mixed Monday as traders assessed a $20 billion wave of block trades. Oil dropped after the ship blocking the Suez Canal was partially refloated.
Shares in Japan retreated amid a slide in Nomura Holdings Inc., which warned of a possible “significant” loss that people familiar with the matter said was related to the unwinding of trades by Archegos Capital Management LLC. A gauge of Asia-Pacific shares was little changed.
U.S. equity futures declined following revelations that Archegos -- the family office of Bill Hwang -- was behind the block trades, selling Chinese tech giants and U.S. media firms. Credit Suisse Group AG said it and a number of other banks are existing positions after a hedge fund defaulted on margin calls. European equity futures were marginally in the red.
West Texas Intermediate crude was more than 2% lower after the Ever Given was refloated. It wasn’t clear how soon the Suez Canal would be open to traffic. A dollar gauge ticked higher and 10-year U.S. Treasury yields slipped.
Nikkei +0.47% Hang Seng -0.40% CSI +0.10% Shanghai +0.40% Shenzen +0.15%
Eur$ 1.1778 CNH 6.5479 CNY 6.5454 JPY 109.53 GBP 1.3767 CHF 0.9398 RUB 75.8154 TRY 8.0622 WTI$ 59.82 -1.87% GOLD 1,727.50 -0.30% BTC 55,130 -1130
S&P -0.67% Nasdaq -0.95% EuroStoxx +0.16% FTSE -0.26% Dax +0.10% SMI
Macro :
Macro :
- Giant Ship Blocking Suez Canal Refloated in Dawn Rescue Effort
- Germany May Be Forced Into Hard Lockdown as Covid Cases Surge
- Traders Are ‘Glued to Their Screens’ and Set for Volatile Open
- U.K.-U.S. Trade Deal Is Likely Years Away as Biden Shifts Focus
- Treasuries’ Worst Quarter Since 2016 Ends With Questions Aplenty
- New York’s Leaders Agree to Legalize Pot Use
- New York’s Leaders Agree to Legalize Pot Use
- Here’s How the World’s Chip Shortage Is Playing Out for Stocks
- Funds Bet on a Consumer Boom to Rival ‘Roaring Twenties’
- ‘Unprecedented’: Wall Street Ponders Goldman’s Block-Trade Spree
- Turkey Says April Interest Rate Cut Can’t Be Taken for Granted
Spacs :
- Wallbox Readies SPAC Listing: El Confidencial
Keep an eye on :
Keep an eye on :
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