>>> What to look at today - 29th of October 2021

U.S. futures fell Friday and Asian stocks were mixed after disappointing Amazon.com Inc. and Apple Inc. earnings and as traders weighed bond-market gyrations amid concerns over inflation and monetary tightening.

Chinese shares were modestly higher, while Japan fluctuated. Nasdaq 100 contracts underperformed S&P 500 futures. Apple and Amazon fell in extended trading, signaling a more than $200 billion drop in combined market value when the U.S. reopens. That dented upbeat views on company performance that earlier took Wall Street to a record close.

The U.S. dollar ticked up from a one-month low and crude oil fluctuated. In China, the debt crisis at China Evergrande Group remains in focus. Some holders of one of its bonds received an overdue interest payment, buying more time for the troubled property developer.

The latest data showed U.S. growth slowed more than expected in the third quarter, hampered by supply chains and a surge in Covid-19 cases. A separate report showed that weekly jobless claims fell to a pandemic low.

Meanwhile, President Joe Biden called on lawmakers to push ahead with a revised $1.75 trillion tax and spending plan, which has been scaled back from a previous $3.5 trillion proposal. A $550 billion infrastructure bill is also pending.

Elsewhere, the European Central Bank renewed its pledge to conduct emergency bond-buying at a “moderately” slower pace. President Christine Lagarde acknowledged inflationary pressures will last longer than expected. Investors kept alive bets for rate hikes as soon as next year.

In cryptocurrencies, Bitcoin retreated below $58,000 during a sharp swoon in U.S. trading. The largest token rebounded and was around $61,800 in Asian hours. Ether, the second largest, rallied to a record high.

US After Hours Markets are grappling with a number of crosscurrents. Generally positive corporate performance has helped to underpin global equities. But inflation risks from supply-chain snarls and costlier raw materials are boosting expectations for rate hikes and dimming the economic outlook.

“In the very near term, because many global central banks are just dipping their feet into taper, not even into quantitative tightening, the aggregate liquidity could remain very supportive,” Vishnu Varathan, head of economics and strategy at Mizuho Bank Ltd. in Singapore, said on Bloomberg Television. “Although I think you get very much more discriminatory moves and much more selective moves in the equity markets.”

Nikkei +0.08% Hang Seng -0.41% CSI +0.58% Shanghai +0.36% Shenzen +1.18%

Eur$ 1.1670 CNH 6.3875 CNY 6.3911 JPY 113.59 GBP 1.3788 CHF 0.9123 RUB 70.3280 TRY 9.5324 WTI$ 82.85 +0.05% GOld 1,796.20 -0.15% BTC 60,800 -0.95% ETH 4320 +1.56%

S&P -0.41% Nasdaq -0.76% EuroStoxx -0.39% FTSE -0.27% Dax -0.43% SMI -0.43%

Macro :

- France Surprises With 3% Growth After Spending Boom: GDP Update
- U.K. Set to Be First in G-20 to Force Company Climate Reporting

- Draghi Cuts Taxes, Raises Pension Age in His First Budget

Keep an eye on :

- AENA SM : Aena 3Q Net Income Beats Estimates

- AF FP : Air France-KLM Sees Full-Year Profit on Transatlantic Revival

- AAPL US : Apple and Amazon Stock Dives Set to Erase $200 Billion in Value

- BBVA SM : *BBVA TO START BUYBACK FOR AS MUCH AS EU3.5B

- BEFB BB : Befimmo 9M Adjusted EPS EU1.79 Vs. EU2.24 Y/y

- BNP FP : BNP Paribas 3Q Net Income Beats Estimates

- BNP FP : *BNP PARIBAS TO START EU900M SHARE BUYBACK PROGRAM ON NOV. 1

- BRNL NA : Brunel FY Ebit Forecast Beats Estimates

- CABK SM : CaixaBank 3Q Net Interest Income Misses Estimates

- CLNX SM : Cellnex 9M Adjusted Ebitda EU1.33B Vs. EU838M Y/y

- CLNX SM : Cellnex to Extend Share Buyback Program to Dec. 31

- COFA FP : Coface 9M Net Income EU190.9M Vs. EU52.4M Y/y

- DAI GY : Daimler Maintains Earnings Target Despite Delivery Outlook Cut

- DAI GY : Daimler: Mercedes-Benz Now Sees Slightly Lower Unit Sales y/y

- DANSKE DC : Danske Bank Lowers 2023 ROE Target to 8.5-9%, Saw 9-10%

- DSM NA : Royal DSM Said to Pick JPMorgan, Centerview for Materials Sales

- ENI IM : Eni Profit Rises More Than Expected on Higher Oil, Gas Prices

- EL FP : EssilorLuxottica 3Q Revenue Beats Estimates

- ENX FP : Euronext’s Borsa Italiana Names Fabrizio Testa CEO

- EUCAR FP : Europcar Sees FY Adjusted Ebitda Above EU150M

- ETL FP : Eutelsat 1Q Revenue Meets Estimates

- EVR LN : Evraz Says No Final Decision on Demerger of Coal Assets

- EXO IM : Agnellis’ Exor Agrees to Sell ParnerRe to Covea for $9 billion

- FER SM : Ferrovial 9M Net Loss EU100M Vs. Loss EU513.0M Y/y

- FPE GY : Fuchs Petrolub Maintains FY Ebit EU350M to EU360M

- GFC FP : Gecina 9M Like-for-like Rental -0.1%

- G IM : Generali Exceeds 50% of Cattolica After 39.5% Shares Tendered

- GILD US : Gilead Boosts FY Adjusted EPS View, Beats Est.: Snapshot

- GN DC : GN Store Nord Cuts FY Growth Outlook for Audio Unit

- GTT FP : GTT 9M Revenue EU240.0M Vs. EU305.6M Y/y

- HDD GY : Heidelberger Druck Names Ludwin Monz CEO as of April 1, 2022

- HOLN SW : Holcim 3Q Sales Beat Estimates

- HSBA LN : HSBC Said to Hire Behary for Its Saudi Investment Banking Team

- INTERCO IPO : Intercos IPO Offer Price Set at EU12.50/Share

- KOG NO : Kongsberg 3Q Ebitda Beats Estimates

- KORI FP : Korian 3Q Revenue EU1.08B Vs. EU961.1M Y/y

- LAM LN : Lamprell Seeks to Raise $30.1 million From New Share Sale

- LIAB SS : Lindab 3Q Operating Profit SEK403M Vs. SEK250.0M Y/y

- LUNE SS : Lundin Energy 3Q Ebitda Beats Estimates

- MEKO SS : Mekonomen 3Q Total Revenue SEK3.01B Vs. SEK2.90B Y/y

- MONC IM : Moncler 3Q Revenue Beats Estimates

- MONC IM : Moncler Sales Beat Points to China Success, Hot Year-End: React

- MONT BB : Montea 9M Adjusted EPS EU2.87 Vs. EU2.66 Y/y

- NVG PL : Navigator Co 9M Net Income EU114.2M Vs. EU75.2M Y/y

- EGL PL : Mota-Engil Wins $164m Construction Contract in Brazil

- OMV AV : OMV Leverage to Drop Further With Oil Field Stake Sale: React

- ORK NO : Orkla 3Q Adjusted Ebit Beats Estimates

- PHM SM : Pharma Mar 9M Ebitda EU53.1M Vs. EU143.4M Y/y

- PROX BB : Proximus 3Q Adjusted Revenue EU1.40B Vs. EU1.37B Y/y

- REC BB : Recticel 3Q Sales EU319.7M

- R.Bosh : Bosch to Invest EU400m in Chip Production, Handelsblatt Reports

- SAF FP : Safran 3Q Adjusted Revenue Meets Estimates

- SGO FP : Saint-Gobain 3Q Sales Meet Estimates

- SZG GY : Salzgitter Prelim 9M Pretax Profit EU604.5M

- SCATC NO : Scatec Awarded Solar Projects of 273 MW in South Africa

- LIGHT NA : Signify 3Q Comparable Sales Miss Estimates

- SNBN SW : SNB Reports 9M Profit of 41.4 Billion Swiss Francs

- SHL GY : Watch MedTech Stocks as Stryker Warns on Procedure Recovery

- SOP FP : Sopra Steria 3Q Organic Revenue +8.9%
- SBUX US : Starbucks Pledges $20 Billion in Payouts as Sales Miss Estimates

- SNH GY : Steinhoff Granted Leave to Appeal the Liquidation Bid Against It

- SREN SW : Swiss Re 9M Net Income $1.26B Vs. Loss $691.0M Y/y

- TKTT FP : Tarkett 3Q Net Sales EU809.4M Vs. EU776.9M Y/y

- TFI FP : TF1 3Q Current Operating Income Misses Estimates

- TOBII SS : Tobii Offers SEK250m Shares via ABG Sundal Collier

- TOKMAN FH : Tokmanni 3Q Comparable Ebit Misses Estimates

- UBI FP : Ubisoft 1H Non-IFRS Operating Profit Misses Estimates

- UCG IM : *FRANCO: ITALY WILL EXPLORE OTHER OPTIONS TO SELL PASCHI

- FR FP : Valeo Sees FY Ebitda Margin at Range High End Despite Lower Rev.

- VLK NA : Van Lanschot Kempen 3Q Total Client Assets EU125.2B

- VIS SM : Viscofan 3Q Ebitda Beats Estimates

- WAC GY : Wacker Neuson Boosts FY Ebit Margin Forecast

- WIZZ LN : Wizz Air Removes Chief Supply Officer on Share Dealing (Oct. 28)

- XVIVO SS : Xvivo Perfusion Offers SEK250m Shares