Asian stocks edged lower Wednesday amid upward pressure on bond yields as investors await more details on the next leg of U.S. stimulus spending. The dollar extended gains as it wraps up its best quarter in a year.
Banks weighed on Japan’s equity gauge after Mitsubishi UFJ Financial Group Inc. joined the list of firms globally to take a hit from the meltdown at Bill Hwang’s Archegos Capital Management. Chinese shares retreated while Australia’s index outperformed. U.S. equity futures steadied after a lower close for the S&P 500 Index.
Ten-year Treasury yields advanced again in Asian trading, having touched a 14-month high of 1.77% before subsiding overnight. Gold traded around multi-month lows under $1,700 per ounce. Oil was steady before the April 1 meeting of OPEC and its allies.
US After Hours CHWY +9.2%, CLF +8% jumps on earnings/guidance; BB -7%, LULU -1.6% fall on earnings; RMO -13.1% falls on sharply lower guidance
Nikkei -0.65% Hang Seng -0.41% CSI -1.14% Shanghai -0.61% Shenzen -0.75%
Eur$ 1.1705 CNH 6.5735 CNY 6.5636 JPY 110.84 GBP 1.3726 CHF 0.9441 RUB 75.9000 TRY 8.3293 WTI$ 60.90 +0.58% GOLD 1,679.70 -0.31% BTC 58,650 -75
S&P -0.10% Nasdaq -0.06% EuroStoxx -0.36% FTSE -0.24% Dax -0.39% SMI -0.15%
Macro :
Macro :
- Brevan Howard Builds $50 Billion Unit Like BlackRock’s Aladdin
- Banks May Lose $10 Billion in Archegos Fallout: Financials Wrap
- Banks May Lose $10 Billion in Archegos Fallout: Financials Wrap
- China March Manufacturing PMI at 51.9; Est. 51.2
- U.S. Airlines Commit to Net-Zero Carbon Emissions by 2050
SPAC :
- SPAC Volume Surge Extends With March Near Record
- EV Maker Polestar Said to Weigh Listing Options Including SPAC
Keep an eye on :
Keep an eye on :
- ABLI SS : Abliva Offers Up to SEK80m Shares via Erik Penser Bankaktiebolag, Offering of 106.7m Shares Prices at SEK0.75/Share
- ADJ GY : Adler Group Sees 2021 FFO I EU127M to EU133M
- AIR FP : Airbus Touts Sustainable Fuel After Promoting Hydrogen
- AIR FP : Airbus Touts Sustainable Fuel After Promoting Hydrogen
- AAPL : IPhone Maker Hon Hai Warns of Component Shortages Till 2022
- BAYN GY : Bayer Plans Auction of Pest-Control Unit in Summer: Reuters
- BEFB BB : Befimmo Sees EU43.2m Gain on Sale of Wiertz Office to Parliament
- CAP FP : Capgemini Targets Avg Annual Rev Growth 7%-9% Through ‘25
- CDR SM : Codere to Defer Interest Payment; in Talks With Noteholders (1)
- COIN US : Coinbase Hires Ex-SEC Director to Run Capital Markets Division
- DAI GY : Mercedes-Benz to Start Electric Van Production in U.S. in 2023
- ROO LN : Deliveroo is starting to Trade today
- ERA FP : Eramet Board Will Move Toward Separating Chair, CEO Roles
- FORTUM FH : Fortum Removal of Uniper’s Top Brass Paves Way for Full Takeover
- GALE SW : Galenica Holder Likely to Price Offering at CHF58.6/Shr: Terms
- GMM GY : Grammer Prelim 1Q Operating Ebit EU22M
- HAL NA : HAL FY Net Income EU629M Vs. EU666M Y/y
- BAER SW : Swiss Financial Regulator Lifts Ban on Julius Baer Acquisitions
- MC FP : LVMH Shares Jump to Record Amid 1Q Sales Optimism
- MOVE SW : Medacta FY Adjusted Ebitda EU88.1M Vs. EU91.5M Y/y
- NESTE FH : Neste to Invest EU330m in Porvoo 12-Week Refinery Turnaround
- ORSTED DC : Orsted Plans Giant Green Hydrogen Plant With Dutch Offshore Wind
- BMPS IM : Paschi Says 29% of EU1.5b Capital Shortfall Due to Legal Risks
- PEBB LN : Pebble Group Holder Elysian Raises Share Sale Offer Size: Terms
- PAH3 GY : Ars Technica: Porsche will start testing a lower-carbon biofuel in racing https://t.co/yBRl1vnjJR by @drgitlin
- ROG SW : Roche Launches EBV Immunoassay Panel
- 9984 JP : SoftBank to Ease Drag as Arm Launches New Chip Designs: React
- SSE LN : World’s Biggest Offshore Wind Farm Developer Has Eyes on Japan
- SWMA SS : Swedish Match 1Q Delivery Seen Strong, Jefferies Cautious on FY
- TEF SM : Telefonica Plots Cloud, Cybersecurity Deals to Compete With IBM
- FP FP : Total Port Arthur Shut FCC For Repairs and CDU That Supports It
- UBSG SW : UBS May Face Low Three-Digit Million Loss on Archegos: Finews
- UN01 GY : Fortum Removal of Uniper’s Top Brass Paves Way for Full Takeover
- VAR1 GY : Varta Maintains 2021 Revenue About EU940M1
- VLTSA FP : Voltalia to Withdraw From Myanmar Due to Crisis: Statement
- VOLVB SS : EV Maker Polestar Said to Weigh Listing Options Including SPAC
- VOW GY : Volkswagen’s U.S. Name Change Was an April Fool’s Joke Gone Awry
- VOW GY : No, Volkswagen Isn't Rebranding Itself as Voltswagen, Spokesman Says
- VOW GY : VW Share Class Divergence Widens Again, Common Stock Up 10%
- WMH LN : Hedge Funds Mount Last-Minute Challenge to U.K. Caesars Deal