Asian stocks rose Tuesday as a drop in oil and the prospect of more cease-fire talks between Russia and Ukraine helped sentiment. Bets on aggressive U.S. monetary tightening sapped shorter maturity Treasuries. Shares climbed in Japan and Hong Kong but wavered in China. U.S. futures fluctuated and European ones advanced after the S&P 500 rallied for a third day. Oil extended a slide, taking West Texas Intermediate to about $105 a barrel, on concerns that China’s mobility curbs against Covid will sap demand. The U.S. 10-year Treasury yield edged up closer to 2.50%. Inversions along the bond curve, where some short-term rates exceed longer tenor yields, point to concerns about a looming economic downturn as the Federal Reserve hikes interest rates to quell high inflation. The yen traded around a six-year low against the dollar on the divergence between the Fed and a dovish Japanese central bank. The latter continued with bond-market intervention to cap a surge in yields. Global shares are up about 8% from the lows reached after Russia invaded Ukraine. Such resilience contrasts with a rout in bonds and inverting yield curves, which are shaking economic confidence. Investors are trying to parse developments in the war, elevated commodity costs and the Fed’s fight against price pressures. Bitcoin traded above $47,000 after turning positive for 2022. The token’s rally is among the signs of improved appetite for speculative investments. US After Hours FDX +2.6% gets a new CEO; NEO -22.1% falls as CEO steps down, co lowers Q1 guidance; JEF +3.8% higher on earnings
Nikkei +0.78% Hang Seng +0.57% CSI +0.03% Shanghai -0.08% Shenzen -0.15%
Eur$ 1.0981 CNH 6.3839 CNY 6.3697 JPY 123.62 GBP 1.3091 CHF 0.9343 RUB 95.9740 TRY 14.8174 WTI$ 105.24 -0.67% Gold 1,923.18 +0.01% BTC 47,600 -0.75% ETH 3,400 -0.30%
S&P +0.24% Nasdaq +0.24% EuroStoxx +0.94% FTSE +0.60% Dax +0.95% SMI +0.44%
Macro :
- BlackRock Strategists Reduce European Equities on ‘Energy Shock’
- NATO Allies Are Split on Whether They Should Talk to Putin
- China Smartphone Stocks Drop on Apple Report; Xiaomi Sinks
- China Lockdowns Cost at Least $46 Billion a Month, Academic Says
- Billionaires, Private Equity Would See Tax Hikes in Biden Plan
Keep an eye on :
Keep an eye on :
- YOU GY : About You Prelim 4Q Adjusted Ebitda Loss EU4M to EU15M
- AB FP : AB Science Fined EU1 Million for Publishing Key Information Late
- AB FP : AB Science Fined EU1 Million for Publishing Key Information Late
- BAG LN : A.G. Barr FY Revenue Meets Estimates
- AAF LN : Airtel Africa CEO Carves Out Fiber Unit Ahead of Investor Hunt
- AAL LN : Anglo Looks to the Sea as Water Scarcity Hits Chile Copper Mines
- ANTO LN : Antofagasta CEO Sees Chile Averting Radical Changes to Mining
- MT NA : Four ArcelorMittal Plants Halted Due to Spanish Truckers Strike
- AT1 GY : Aroundtown Sees 2022 FFO I EU350M to EU375M
- BARC LN : Top Barclays Holder to Sell $1.1 Billion of Shares in Block Sale
- BAS GY : BASF’s Vassiliadis Says Russia Gas Cuts Would Halt Output: DLF
- CATE SS : WDP to Buy 9.09% Stake in Catena Through Directed Share Issue
- CLN SW : Clariant Wins 3 Petrochemicals Contracts For Lihuayi; No Terms
- CTEK SS : CTEK Holders Altor and Faustina Offers Up to 5.75m Shares: Terms
- DMP GY : Dermapharm Sees 2022 Revenue Up 10% to 13% Versus Prior Year
- FAST NA : Fastned FY Revenue Related to Charging EU12.4M Vs. EU6.25M Y/y
- HEM SS : Hemnet Share Sale By Holder General Atlantic Is Covered: Terms (8m shares)
- JEN GY : Jenoptik FY Dividend per Share EU0.25 Vs. EU0.25 Y/y
- MUL LN : Mulberry Sees Earnings Moderately Ahead of Expectations
- NESTE FH : Neste Studying Investment Into Waste Plastic Chemical Recycling
- NDX1 GY : Nordex 2022 Revenue Forecast Beats Estimates
- NOVOB DC : Novo Nordisk’s Ozempic 2.0 MG Approved in U.S. for Diabetes
- PFV GY : Pfeiffer Vacuum Sees 2022 Ebit Margin About 14%
- QDT FP : Quadient FY Ebitda Beats Estimates
- ROTH FP : Rothschild & Co. Names Javed Khan as Managing Partner Swatch Group: Mougahed Darwish to Retire on April
- SANN SW : Santhera, ReveraGen Start NDA Submission to FDA for Vamorolone
- SAN FP : Sanofi, IGM Biosciences to Develop IGM Antibody Agonists
- SOON SW : Sonova to Launch New 3-year Buyback Program of Up to CHF1.5B
- STLA IM : Stellantis to Cut Jobs at Illinois Jeep Plant Starting in May
- SAABB SS : Lockheed Beats Out Saab for $17 Billion Canada Warplane Fleet
- UHR SW : Swatch Group: Mougahed Darwish to Retire on April 1
- TEF SM : *TELEFONICA, DAZN SIGN EU1.4B SOCCER RIGHTS CONTRACT: EL CONFI
- UCG IM : UniCredit Backs CEO’s $2.7 Million Pay After Proxy Dissent
- WCH GY : Wacker Chemie Sees 2030 Sales Above EU10B
- WEW GY : Westwing Group SE Sees 2022 Rev. -12% to +3%