Most Asian stocks retreated Monday and U.S. equity futures were steady after signs China’s economic recovery may be leveling out and as investors continue to weigh global inflation risks.
Japan underperformed amid concern about an extended state of emergency to curb the coronavirus. Shares fell in Hong Kong and China, where a gauge of the manufacturing industry suggested the economy’s recovery momentum might have peaked. U.S. contracts ticked up after the S&P 500 notched its fourth-straight monthly advance. Treasury yields dropped below 1.60% on Friday. There’s no Treasuries cash trading in Asia amid holidays in the U.S. and U.K.
The offshore yuan stabilized in the wake of comments leaning against its climb. Two state-run newspapers flagged risks fueled by rapid gains in the currency. China also set its daily reference rate at a weaker-than-expected level.
Bitcoin traded below $35,000 after a Friday slump as Bank of Japan Governor Haruhiko Kuroda warned about the token’s volatility and speculative trading.
Nikkei -1.15% Hang Seng -0.50% CSI -0.46% Shanghai -0.20% Shenzen +0.46%
Eur$ 1.2199 CNH 6.3574 CNY 6.3611 JPY 109.66 GBP 1.4193 CHF 0.8991 RUB 73.2619 TRY 8.5720 WTI$ 66.74 +0.63% Gold 1,906 .53 +0.14% BTC 34,250 -1500 ETH 2300 -110
S&P +0.06% Nasdaq +0.07% EuroStoxx -0.17% FTSE Closed Dax -0.21% SMI -0.28%
Macro :
Macro :
- Crypto Assets a Great Concern, Says Central Bank Enforcer
- Goldman to Double Japan Real Estate Investment to $2.3 Billion
- France Is Ready to Start Cutting Back Crisis Aid, Minister Says
- Israel's Netanyahu Faces Growing Threat to Lengthy Rule
- Netanyahu Rivals Move Closer to Ousting Him, Forming Government
Spacs :
- GM-Backed Wejo to Go Public via Merger With SPAC: M&A Snapshot
- SPACs Take Trading Apps Public in a Test of Lay-Investor Loyalty
- Accor SPAC Raises EU300 million in Private Placement of Units
Keep an eye on :
- Accor SPAC Raises EU300 million in Private Placement of Units
Keep an eye on :
- AC FP : Accor SPAC Raises EU300 million in Private Placement of Units
- AIR FP : Qatar Air Is in a Mystery Spat with Airbus, Will Launch 777x
- ALM SS : Alm Equity Offering of 3m Shares Prices at SEK114/Share
- ALM SS : Alm Equity Offering of 3m Shares Prices at SEK114/Share
- BSLN SW : Basilea’s Derazantinib Shows Improvement of Survival
- BBED NA : Beter Bed Explores Potential Sale of Sangjatten to Lars Larsen
- BNP FP : BNP Paribas Adds Bankers to Tap Into ‘Incredible’ Nordic Wealth
- BOO LN : Boohoo Shareholders Advised to Block Kane Reappointment:Guardian
- CARR IM : Fly Srl Raises Tender Offer Price for Carraro to EU2.55/Share
- COFB BB : Cofinimmo to Divest EU80m in Office Buildings
- CSGN SW : *CREDIT SUISSE’S RENTECH FUND HOLDS BACK SOME CLIENT WITHDRAWALS
- DBK GY : Fed Admonishes Deutsche Bank for Ongoing Compliance Failures
- EO FP : Faurecia Increases Undrawn Credit Line to EU1.5B From EU1.2B
- GLJ GY : Grenke 1Q Net Income EU14.0M Vs. EU19.7M Y/y
- HYVE LN : Hyve, Carlyle in Talks on Investment Deal of Up To GBP250m: Sky
- ICP LN : U.K.’s Park Holidays Hires Bankers to Explore Potential Sale:Sky
- IPN FP : Ipsen Confirms U.S. FDA Accepts NDA for Palovarotene
- IRE IM : Iren CEO Massimiliano Bianco to Leave Post
- KINVB SS : Kinnevik Exploring Potential Transaction Related to Babylon
- LIT IM : Marbles Makes EU468 Million Bid for Italy’s Retelit (1)
- LHA GY : Lufthansa Has Permits to Fly to Moscow and St. Petersburg
- KN FP : Natixis Taking ‘Necessary Steps’ to Recoup Ex-CEO’s Severance
- NVG PL : Navigator Co 1Q Net Income EU23.5M Vs. EU30.6M Y/y
- NOVN SW : Novartis to Terminate Beovu Study Early on Safety Concern
- SNN LN : Sanne Group: Board Unanimously Rejected Cinven’s 4th 850p Bid
- SNR LN : Senior Rejects Lone Star Proposal at 176p/Share; Shares Jump
- SFZN S: Siegfried Restarts Production; Flags 1H Hit From Cyberattack
- S30 FP : Short Seller Muddy Waters Notches Another Win With Solutions 30
- STLA IM : Stellantis to Restart Production at Michigan Jeep and Ram Plants
- STLA IM : Stellantis Mulls Italian Battery Investment Amid Draghi Push
- VOLVB SS : Volvo Cars Sees Return of 8,000 Staff to Office This Week: SvD
- WDI GY : Wirecard foiled staff attempts to flag concerns: Whistle-blower