A gauge of global shares climbed, led by a rebound in Chinese stocks as nationwide unrest over Covid curbs eased. The dollar fell amid improved sentiment for risk taking. European and US equities futures advanced after the S&P 500 pared its monthly gain during the Wall Street session as investors continued to parse comments from Federal Reserve officials. Shares rallied in Hong Kong and on the mainland as some investors speculated that the protests may hasten a shift away from Covid-Zero policies. China’s National Health Commission issued a statement saying vaccinations would be sped up for people aged above 80. That came as traders awaited a regular briefing by government officials for any more adjustments in Covid policies, although the forum has rarely been used to announce large changes. Of broad significance for global markets, Fed Bank of St. Louis President James Bullard warned that investors may be underestimating the chances of higher rates. His New York counterpart John Williams noted policymakers have more work to do to curb inflation, and Fed Vice Chair Lael Brainard said the string of supply shocks is keeping inflation risks elevated. A gauge of the dollar fell following two days of gains. The euro and Japanese yen rose, as did an index of emerging-markets currencies. A gauge of the dollar fell following two days of gains. The euro and Japanese yen rose, as did an index of emerging-markets currencies. oil extended a rebound from the lowest level in almost a year on speculation that the Organization of Petroleum Exporting Countries and its allies will deepen supply cuts to respond to weakening global demand. US After Hours NUS +5.2% on joining S&P SmallCap 600, NXST +4.8% on joining S&P MidCap 400, BIGC +3.9% on GMV jump during Black Friday; AZEK -7.1% on earnings, UNH -0.7% on guidance
Nikkei -0.48% Hang Seng +3.68% CSI +2.90% Shanghai +2.20% Shenzen +11.99%
Eur$ .0370 CNH 7.807 CNY 7.721 JPY 138.61 GBP .1989 CHF 0.9486 RUB 61.1894 TRY 18.6371 WTI$ 78.32 +1.39% Gold 1,752 +0.60% BTC 16,480 +1.75% ETH 1,208 +3%
S&P +0.6% Nasdaq +0.55% EuroStoxx +0.48% FTSE +0.20% SMI +0.9%
Macro :
- Morgan Stanley Sees 27% Upside For Stocks Showing ESG Progress
- Fed Stresses More Hikes Coming; Williams Flags Path to Cuts
- BofA Sees S&P Ending 2023 Roughly Where It Is Now, Around 4,000
Keep an eye on :
- ADJ GY : Adler Group Maintains FY FFO I Forecast
- ALD FP : SocGen’s ALD to Raise €1.2b in Capital to Fund LeasePlan Deal
- AT1 GY : Aroundtown Maintains FY FFO I Forecast (1)
- ASM NA : ASMI Boosts 4Q Revenue Forecast, Beats Estimates
- ASM NA : ASM Says US Rules on China Exports to Have Less Harsh Impact
- ATL IM : Atlantia Tender Offer Final Results Same as Provisional Results
- BNP FP : BNP Paribas Considers Move Into Private Credit: Financial News
- BOSN SW :
- BNR GY : Brenntag Slumps After Confirming Potential Univar Tie-Up
- BPT LN : Bridgepoint Group Confirms Evaluating Strategic Opportunities
- CNE LN : Capricorn Activist Palliser Positioned to Call Shareholder Vote
- CG US : Carlyle Plans to Raise $8.5 Billion for New Illiquid Credit Fund
- ENGI FP : Mexico’s CFE, Engie Sign Deal to Expand Gas Pipeline in Yucatan
- EXO NA : Juventus Board of Directors, Chairman Agnelli Resign
- HNSA SS : Hansa Biopharma Says Topline Data From Phase 2 Study ‘Positive’
- JUVE IM : Juventus’s Agnelli, Entire Board Resign on Accounts Probe
- NESN SW : Nestle Sets EPS Targets, Starts Review of Peanut Allergy Unit
- ROG SW : Roche Withdraws US Tecentriq Indication for Some Patient Use
- SU FP : Schneider Electric Sees Huge Mexico Growth Due to ‘Nearshoring’
- SHEL LN : Shell Buys Nature Energy in $2 Billion Push Into Biogas
- TCM DC : TCM Group CFO Pedersen to Step Down
- TE FP : Technip Energies Gets Total Sustainable Aviation Fuels Contract