Asia stocks drifted and Treasury yields climbed as investors weighed rapid progress in the U.S. vaccine rollout against the risk of further blow-back from the implosion of Archegos Capital Management.
Shares rose in China and Hong Kong while Japan’s index fell, led by banks. Nomura Holdings Inc. said it’s too soon to estimate the impact of losses tied to a U.S. client, identified by Bloomberg as Bill Hwang, head of the troubled investment firm. U.S. futures fluctuated as traders assessed broader Wall Street exposures. Earlier, the S&P 500 Index lifted off lows on President Joe Biden’s announcement that 90% of adults will be eligible for the Covid-19 vaccine next month.
Ten-year Treasury yields rose to 1.74%, and the five-year hit its highest point in a year. Australia’s benchmark yield jumped 10 basis points. The U.S. dollar held steady.
US After Hours Summary: ABCL +13.4% jump on earnings; DNMR -13%, BFLY -7.4%, CLDX -5.2% fall following earnings
Nikkei +0.04% Hang Seng +1.03% CSI +0.71% Shanghai +0.40% Shenzen +0.37%
Eur$ 1.1761 CNH 6.5744 CNY 6.5699 JPY 109.96 GBP 1.3771 CHF 0.9397 RUB 75.55 TRY 8.2659 WTI$ 61.42 -0.23% GOLD 1705.70 -0.35% BTC 57,500 -100
S&P +0.08% Nasdaq -0.15% EuroStoxx +0.31% FTSE +0.31% Dax +0.39% SMI -0.09%
Macro :
- Goldman, Morgan Stanley Deals Absent After Blocks: ECM Watch
Macro :
- Goldman, Morgan Stanley Deals Absent After Blocks: ECM Watch
- Teng Yue, Fund Run by Ex-Hwang Analyst, Denies Liquidation
- Erdogan Removes Turkish Central Bank Deputy Governor Cetinkaya
- Bolsonaro Ousts Top Ministers as Pandemic Spirals Out of Control
Spacs :
- Hennessy’s Rothberg Frets Over SPACs, Hunt for ‘Next Amazon’
Keep an eye on :
Keep an eye on :
- ACS SM : ACS meets with the council to approve the sale of Cobra to Vinci after six months of discussions
- ALO FP : Alstom Wins EU220M Contract for Mumbai Metro
- ATL IM : Atlantia Main Investors Block Toll-Road Unit Spin Off Plan
- BMW GY : BMW Group to Source Lithium from Livent in EU285m Contract
- BWO NO : BW Offshore: Final Investment Decision Made for Barossa Field
- CLNX SM : Cellnex to Increase Share Capital by EU7 Billion
- CNHI IM : FAW Said to Progress With Potential Bid for CNH’s Iveco Arm
- CUB US : ST Engineering Raises Bid to Buy Cubic at $78 Per Share Cash
- DAI GY : Daimler’s Legal Risks Around Emissions Linger in Midst of Revamp
- DMP GY : Dermapharm Prelim FY Adjusted Ebitda EU201M
- GAMA LN : Gamma Communications Holder Hoxton Assets Offers 2.3m Shares
- GN DC : GN Audio to Hire 100-200 Engineers in Video Push, Borsen Reports
- HMB SS : H&M Should Lay Low Until China Anger Blows Over, EU Chamber Says
- IBE SM : Iberdrola Buys 163MW Polish Wind Farm Portfolio From CEE Equity
- LHA GY : Lufthansa Considers Extending Feeder Deal With Condor: FAZ
- KN FP : Natixis on Trial Over Claims It Misjudged Subprime-Loan Risks
- NHH SM : NH Hotel Reaches Redundancy Agreement Affecting 187 Workers
- NOKIA FH : Nokia Defeats Investor Suit over Alcatel Integration and 5G Tech
- ORSTED DC : Biden Plots Vision of Thousands of Wind Turbines Spinning at Sea
- QDT FP : Quadient FY Ebitda Beats Estimates, Sets Three-Year Targets
- RATOB SS : Ratos Offering Prices at SEK44.5/Treasury Share
- RNO FP : Carlos Ghosn’s Downfall at Nissan and the Aftermath: QuickTake
- RATOB SS : Ratos Offering Prices at SEK44.5/Treasury Share
- RNO FP : Carlos Ghosn’s Downfall at Nissan and the Aftermath: QuickTake
- RR/ LN : Rolls-Royce Intends to Withdraw From Project Fresson
- SPM IM : Saipem: Preliminary Hearing on Accounting Claims Set for May 10
- G24 GY : Scout24 Offers to Buy Back Almost EU1 Billion of Shares
- SIX2 GY : Sixt Sees 2021 Operating Revenue, Pretax Profit Above Prior Year
- UCG IM : Glass Lewis Concerned Over UniCredit Remuneration for CEO: FT
- UN01 GY : German Utility Uniper Replaces CEO and CFO With Immediate Effect
- VK FP : Vallourec: Creditors Committee Approves Draft Safeguard Plan
- VOW3 GY : Volkswagen Plans U.S. Branding Announcement Related to EV Push
- WEW GY : Westwing Sees 2021 Revenue EU510M to EU550M
- WMH LN : GWM Asset to Contest William Hill Takeover: FT