Asian stocks and U.S. futures rallied Monday as some of the concerns over China’s regulatory crackdown eased and progress on a U.S. infrastructure spending plan aided sentiment. Crude oil slid.
Equities jumped in Japan and Australia, where Afterpay Ltd. surged after digital-payments platform Square Inc. agreed to acquire the buy-now, pay-later company. S&P 500 and Nasdaq 100 contractsclimbed as a $550 billion infrastructure package steps closer to passage in the Senate this week.
Hong Kong and China stocks rose after last week’s rout sparked by Beijing’s clampdown on everything from technology to private education and property. The nation also faces a Covid-19 spike and signs of slowing economic growth, spurring bets on monetary easing and a rally in sovereign debt.
Ten-year U.S. Treasury yields and the dollar were steady. Investors are debating whether a months-long rally in Treasuries points to a slower phase ahead in the recovery from the pandemic.
Nikkei +1.91% Hang Seng +0.92% CSI +2.23% Shanghai +1.63% Shenzen +1.70%
Eur$ 1.1873 CNH 6.4657 CNY 6.4636 JPY 109.67 GBP 1.3911 RUB 73.1850 CHF 0.9056 TRY 8.4703
S&P +0.51% Nasdaq +0.54% EuroStoxx +0.55% FTSE +0.39% Dax +0.39% SMI +0.41%
Macro :
- *CHINA JULY MANUFACTURING PMI AT 50.4; EST. 50.8
- U.K.’s Sunak Says Border Rules Damaging Economy, Tourism: Times
- Bitcoin Rallies Past Key $40,000 Level to Highest Since Mid-May
- Tailwind SPAC in Struggle to Close Pushes Out Deal Vote, Again
- Italian Government to Ask for Confidence Vote on Justice Reform
Keep an eye on :
- ALV GY : Allianz Says U.S. Investigation Could Materially Hurt Result (1)
- AMZN US : U.S. Denies Bezos Push to Overturn NASA-SpaceX Moon Lander Deal
- AUG LN : Morgan Stanley Infrastructure Buys Augean for Up to GBP3/Shr
- AW2 GY : Austria’s Financial Regulator Withdraws License of Autobank
- AVES GY : Aves One Confirms Considering Sale of Majority Stake
- CS FP : Axa 1H Net Income Beats Estimates
- BCART BB : Biocartis Manufacturing Capacity ‘Considerably’ Lower After Fire
- BMPS IM : Monte Paschi Capital Wiped Out in European Bank Stress Test
- BNP FP : *BNP PARIBAS FULLY LOADED CET1 RATIO 8.2% IN EBA STRESS TEST
- BRI PL : Brisa’s BCR Unit Says 1H Traffic Rises 9% on Looser Restrictions
- CBK GY : *COMMERZBANK FULLY LOADED CET1 RATIO 8.2% IN EBA STRESS TEST
- DWS GY : Deutsche’s DWS Inflated Sustainable-Investing Efforts, WSJ Says
- DWNI GY : Vonovia Raises Offer for Deutsche Wohnen to $22.7 Billion (1)
- GBLB BB : GBL Cuts Holcim, Umicore, GEA Stakes; 2Q Net Assets EU23.06b
- GSK LN : GSK Gets Canada Authorization for Sotrovimab to Treat Covid-19
- HEIA NA : Heineken 1H Org. Beer Volume Beats Estimates
- INRN SW : Interroll 1H Sales CHF272.0M Vs. CHF233.2M Y/y
- ILD FP : Iliad Plans $2.4 Billion of Investments in 2021, Le Figaro Says
- ISP IM : *INTESA SANPAOLO FULLY LOADED CET1 RATIO 9.4% IN EBA STRESS TEST
- KLED SS : Castellum Unveils $3.1 Billion Plan to Take Over Kungsleden
- MRW LN : CD&R Lining up Equity, Debt Financing for Morrisons Bid: Times
- NEOEN FP : Neoen FY Ebitda Forecast Misses Estimates (1)
- OCI NA : OCI 2Q Adjusted Ebitda $535.4M
- RNO FP : French Car Sales Drop 35% in July as Chip Shortage Crimps Supply
- SHA GY : Schaeffler CFO Klaus Patzak to Leave Company
- SEM PL : Semapa 1H Net Income EU73.1M Vs. EU30.3M Y/y
- GLE FP : *SOGGEN FULLY LOADED CET1 RATIO 7.5% IN EBA STRESS TEST
- STM GY : Stabilus Sees FY Adjusted Ebit Margin 14% to 15%, Saw 13% to 15%
- STLA IM : French Car Sales Drop 35% in July as Chip Shortage Crimps Supply
- UCB BB : Financiere de Tubize Spends EU20m to Raise UCB Stake to 35.13%
- YAR NO : Yara Sells Salitre Phosphate Mining Project for $410 Million
- WLN FP : Square Buys Afterpay in Scrip Deal at 31% Premium: M&A Snapshot
- ZM US : Zoom Settles Consumer Claims Over Privacy for $85 Million