Stocks fell in Asia after US equities struggled for direction, with traders awaiting a jobs report later Friday for clues on the Federal Reserve’s next policy steps. A gauge of Asian equities dropped, led by Japan, where the yen’s five-day rally increased downward pressure on stocks. A Bank of Japan board member suggesting the need for a policy assessment added to negative sentiment. Futures contracts for the S&P 500 slid after the index edged lower during the US session. It rallied earlier this week on Fed Chair Jerome Powell’s signals of a downshift in the pace of hikes.
Bets on where the central bank rate will peak have now dropped below 4.9%, according to swap markets. The current benchmark sits in a range between 3.75% and 4%. Fed Bank of New York President John Williams said further hikes are needed to curb inflation. Concern that such tightening raises the odds of a recession became more pronounced after data showing American manufacturing contracted in November for the first time since May 2020. The remarkably resilient US jobs market is beginning to cool, but Friday’s employment report may fall short of the turning point Fed officials are seeking in their battle to beat back inflation. oil was set for a weekly gain with China further easing Covid restrictions and the US considering a pause in sales from its strategic reserves. Gold slid. US After Hours ASAN -12.7%, ZS -10.3%, MRVL -6.8%, AOUT -5.1%, VEEV -4.5% lower on earnings; PATH +8.5%, SMAR +8%, PD +4.7% higher on earnings.
Nikkei -1.59% Hang Seng -0.33% CSI -0.53% Shanghai -0.25% Shenzen +0.09%
Eur$ 1.0523 CNH 7.0464 CNY 7.0536 JPY 135.14 GBP 1.2247 CHF 0.9376 RUB 61.4600 TRY 18.6378 WTI$ 81.14 -0.10% Gold 1,797 -0.31% BTC 16,933 +0.01% ETH 1,273 -0.26%
S&P -0.13% Nasdaq -0.35% EuroStoxx -0.10% FTSE -0.12% Dax -0.05% SMI
Macro :
Macro :
- VIX Falls Below 20 for First Time Since August
- Lagarde Leads a Chorus Warning That Inflation Has to Be Anchored
- Brevan Howard, LMCG Mandate Hires Mark Muted November, 2022
- Brevan Howard, LMCG Mandate Hires Mark Muted November, 2022
- EU States Demand Clarity on Plan Making Big Tech Pay for Web Use
Keep an eye on :
Keep an eye on :
- ABBN SW : ABB Fined CHF4m as Swiss Office of Attorney General Ends Probe
- ABI BB : AB InBev Announces Pricing of $3.5b Tender Offer
- AKSO NO : Aker Solutions Sees Contract Awards Worth About NOK45b
- ALV GY : ESG Fund Chaos Angers Investors as Greenwashing Concerns Mount
- ALV GY : ESG Fund Chaos Angers Investors as Greenwashing Concerns Mount
- ARAMI FP : Aramis Sees 2023 Ebitda ‘Gradual Improvement’
- ASSAB SS : Fortune Brands to Buy Some Businesses From Assa Abloy for $800m
- CS FP : AXA Wins Top Court Fight Against French Restaurants Over Covid
- CPR IM : Campari, Moet Hennessy JV Buys Tannico Stake Not Already Owned
- DARK LN : Porsche to Be Added to Stoxx 600 Index; Darktrace to Be Deleted
- DEA IM : De Agostini-Owned Co. Sets Tender on DEA Shares, Plans Delisting
- ENEL IM : Enel CEO Says 2023 IPO of X Way Unit Is ‘A Little Ambitious’
- ENEL IM : Enel CEO Says 2023 IPO of X Way Unit Is ‘A Little Ambitious’
- ENOG LN : Institutional Seller Offers ~5.5m Energean Shares: Terms
- ERICB SS : Ericsson Appoints Ulrika af Buren New Head of M&A
- LST LN : Light Science Technologies Sees Earnings Below Market Views
- OMV AV : OMV Upstream Assets May Fetch €4 Billion-Plus in Potential Sale
- PSH NA : Pershing Square Holdings Nov. Net Performance +8.2%
- PPGN SW : PolyPeptide Cuts FY 2022 Forecasts Over Operational Issues
- P911 GY : Porsche to Be Added to Stoxx 600 Index; Darktrace to Be Deleted
- RNO FP : Nissan CEO Talks ‘Every Day’ With Renault to Reboot Alliance
- RNO FP : Renault CEO Gets Union Support at Home as Nissan Talks Continue
- REP SM : Mexico Approves Repsol Request to Exit Two Exploration Blocks
- SAN FP : *Sanofi: If Made, Any Offer for Horizon Therapeutics Will Be Solely in Cash
- SHEL LN : Shell, NuScale Plan to Make Hydrogen With Small Nuclear System
- SKAB SS : Skanska Gets $63m Order to Renovate Pennsylvania Offices
- ENR GY : Siemens Gamesa to Exit Spain’s IBEX 35 Benchmark From Dec. 14
- STM GY : Stabilus to Boost FY Dividend to €1.75 from €1.25 Y/Y
- STLA IM : Stellantis Aims for ‘Balanced Agreement’ on 2023 Salary Hikes
- TEP FP : Teleperformance & UNI Global Union Sign Global Pact
- VACN SW : VAT Group Targets Net Sales of CHF1.8b-2.2b by 2027
- DG FP ; Vinci Unit in Pact to Buy a Brazil Motorway Concessionaire