U.S. futures rose and oil dropped sharply on signs that the Biden administration is considering a massive release of crude from U.S. reserves to combat inflation. A slide in Chinese technology stocks weighed on Asia. Shares weakened in China and Hong Kong following data showing contraction in Chinese manufacturing, while Japan’s equities steadied, with the yen pulling back after two days of gains. European futures climbed. Earlier, the S&P 500 closed lower for the first time in five days and the Nasdaq 100 dropped as talks between Russia and Ukraine stalled. Reports that Washington is preparing a plan to release roughly a million barrels of oil a day helped reverse a rebound in crude. The news comes ahead of an OPEC+ supply meeting later Thursday, where the cartel is expected to stick with its strategy of a modest output boost in May. Chinese stocks are under pressure as output data reflect the damage of renewed lockdowns in technology and factory hubs. Further denting sentiment, the Securities and Exchange Commission’s chief tamped down speculation that a deal is brewing to keep about 200 Chinese stocks from losing their listings. Meanwhile, China’s central bank vowed to boost confidence and provide more effective support to the economy. Treasuries added to gains across the curve, while a portion of the curve has pulled out of a brief inversion that raised concerns about an impending recession. The dollar mostly held a retreat. US After Hours Quiet after hours session; PATH -18.4%, EXFY -16.4%, MASI -9.9% fall on earnings/guidance
Nikkei -0.65% Hang Seng -1.14% CSI -0.68% Shanghai -0.40% Shenzen -0.83%
Eur$ 1.1166 CNH 6.3588 CNY 6.3486 JPY 121.86 GBP 1.3131 CHF 0.9241 RUB 83.1248 TRY 14.6585 WTI$ 102.32 -5.10% Golds 1,923.39 -0.48% BTC 47,000 -0.45% ETH 3,395 -0.57%
S&P +0.14% Nasdaq +0.42% EuroStoxx +0.26% FTSE +0.07% Dax +0.51% SMI +0.27%
Macro :
Macro :
- *CHINA MARCH MANUFACTURING PMI AT 49.5; EST. 49.8
- Banks Brace for Earnings Hit as IPO Market Stalls: ECM Watch
- BofA Strategist Sees Potential for Asset Managers to Chase Rally
- BofA Strategist Sees Potential for Asset Managers to Chase Rally
- Kremlin Says Putin, Draghi Discussed Ruble Payments for Gas
- SEC Chief Casts Doubt on Imminent Deal to Avoid China Delistings
Keep an eye on :
Keep an eye on :
- ABBN SW : ABB Starts New $3 Billion Share Buyback After Divestment
- ADE NO : Adevinta to Sell 76.2% Stake in InfoJobs Brazil to Redarbor
- AIR FP : China Southern to Take Delivery of 39 Boeing Max Jets This Year
- NBA GY : Europe’s Top Copper Smelter Plans to Stop Buying From Russia
- BMW GY : BMW, Mercedes, Volkswagen Seek BEV, Software Recognition in 2022
- BP/ LN : BP Said to Approach State-Owned Majors on Russia Assets (1)
- IAG LN : British Airways Says Technical Issue at Heathrow Resolved
- CWC GY : Cewe Stiftung Sees 2022 Ebit EU65M to EU80M
- CSGN SW ; Credit Suisse Investors Seek Special Audit of Greensill Debacle
- EMMN SW : Emmi Elects Ricarda Demarmels as CEO From Jan. 1, 2023
- ERG IM : ERG’s Garrone Family May Consider Sale of Minority Stake: MF
- GSK LN : FDA Approves ViiV’s Triumeq PD for Children With HIV
- HMB SS : H&M 1Q Net Income Misses Estimates
- HAL NA : HAL FY Net Income EU4.27B
- INPST NA : InPost FY Sales 4.60B Zloty Vs. 2.53B Zloty Y/y
- INTER NA : CSC’s offer period for Intertrust Shares Ends June 10
- LHA GY : Italy Wants Privatization Deal for ITA Airways by Mid-June: Rtrs
- MC FP : LVMH Says Hard to Predict Impact of Ukraine War on Economy
- BNB BB : National Bank of Belgium Raises Dividend to EU138.04/Share
- NRS NO : Norway Royal Salmon Offering Prices at NOK202/Share
- OCI NA : Fertilizer Firm OCI Seeks to Buy NortH2’s Future Green Hydrogen
- ORA FP : Orange Board Proposes Aschenbroich as Non-Exec Chairman
- SAN FP : Sanofi Pipeline Improving, Still Needs Dupixent's Magic for Now
- SFOR LN : Sir Martin Sorrell’s S4 Capital sinks 35 per cent following PwC audit delay
- SPM IM : Italy Is Said to Approve $691 Million Loan Guarantee for Saipem
- SAN SM : Santander Holdings USA Boosts Minimum Wage to $20
- SRT GY : Sartorius, Sartorius Stedim Exposed to Growth Trends, MS Says
- S92 GY : SMA Solar Sees 1Q Ebitda EU12M to EU16M
- ULVR LN : Unilever Recalls Discontinued Antiperspirant on Elevated Benzene
- UN01 GY : Uniper Gets One-Year KfW Loan Extension as Prices Climb on War
- UN01 GY : Uniper Gets One-Year KfW Loan Extension as Prices Climb on War
- VNA GY : Vonovia Plays Down Possible Bid for Adler as KPMG Report Looms
- VOW GY : VW Is Said to Pick Banks for IPO of $100 Billion Porsche Unit
- VOW GY : Volkswagen curtails production in China because of parts shortages.