Most Asian stocks dipped Tuesday and Treasury yields held a retreat amid concerns the economic recovery from the pandemic is losing momentum.
MSCI Inc.’s Asia-Pacific equity index fell, with shares in China and Hong Kong still feeling the effects of Beijing’s clampdown on private industries. Internet giant Tencent Holdings Ltd. slumped on fears the authorities will set their sights on online entertainment next. S&P 500 and Nasdaq 100 contracts posted modest gains while European futures declined.
The spread of the delta Covid-19 variant and signs of robust but softer U.S. manufacturing growth contributed to an overnight S&P 500 dip. The 10-year U.S. Treasury yield remained below 1.20% after falling as low as 1.15%. The real yield on 10-year Treasuries -- which strips out the expected impact of inflation -- was close to a record low.
Oil held a plunge as the virus and indications of a slower Chinese economic rebound hurt the outlook for consumption. New Zealand’s dollar jumped on policy tightening bets. Australia’s currency advanced after its central bank kept a plan to taper bond purchases despite a protracted lockdown in Sydney.
US After Hours SEDG +11.3%, ZI +8.9%, HLIT +6%, UIS +5.7%, COLM +5.6% higher on earnings; RMBS -4.3%, REYN -3.9%, TTWO -3.6%, SANM -3.5% lower on earnings; TBIO +75% jumps on Reuters report that SNY made offer
Nikkei -0.79% Hang Seng -0.95% CSI +0.23% Shanghai +0.00% Shenzen +0.18%
Eur$ 1.1876 CNH 6.4661 CNY 6.4657 JPY 109.17 GBP 1.3897 CHF 0.9052 RUB 73.0746 TRY 8.3562 WTI$ 71.20 -0.08% Gold 1,811.75 -0.09% BTC 38,750 -100 ETH 2,550-50
S&P +0.29% Nasdaq +0.24% EuroStoxx -0.10% FTSE -0.11% Dax -0.10% SMI +0.21%
Macro :
Macro :
- Dalio Says Don’t Let Xi’s Crackdown Scare You Away: China Today
- French Living Abroad Can Travel To EU With EMA Recognized Shots
- Turkey Inflation Likely Rose, Pushing Rate Cut to Last Quarter
Spacs :
- FinAccel to Go Public in a $2.5 Billion SPAC Deal
Keep an eye on :
Keep an eye on :
- ARL GY : Aareal Bank Prelim 2Q Operating Profit EU41M
- ATS AV : AT&S 1Q Ebitda EU46.3M Vs. EU39.5M Y/y
- BMPS IM : Paschi Bondholders Said to Be Shielded in UniCredit Takeover
- BMW GY : BMW Boosts FY Automotive Ebit Margin Forecast
- BMW GY : BMW Warning on Chip Woes Overshadows Strong Earnings
- BP/ LN : BP Returns Under Scrutiny as Big Oil Plies Investors With Cash
- DBV FP : DBV Tech 1H Net Loss $60.1M
- DBV FP : DBV Tech 1H Net Loss $60.1M
- DBK GY : Deutsche Bank Pivots to Virtual Tech Conference as Delta Spreads
- DBK GY : Zurich Said Near Deal for Deutsche Bank’s Italy Promoters Unit
- DIE BB : Belgium July Car Registrations Fall 38%; D’Ieteren Share 26.2%
- DSM NA : DSM 2Q Adjusted Ebitda Beats Estimates
- ENEL IM : Enel to Buy ERG Hydro at EU1B Enterprise Value: M&A Snapshot
- ERG IM : Enel to Buy ERG Hydro at EU1B Enterprise Value: M&A Snapshot
- ENX FP : Euronext Says Technical Issue on Warrants and Certificates
- FRA GY : Fraport Boosts FY Ebitda Forecast
- GALE SW : Galenica Boosts FY Sales Forecast
- G IM : Generali 1H Net Rises as Year Earlier Impairments Not Repeated
- GSK LN : GSK Files for Licensure of MMR Vaccine in U.S.
- GRE SM : Grenergy Terminates Liquidity Contract With Banco Sabadell
- IFX GY : Infineon Sees 4Q Segment Result Margin About 19%, Est. 18.7%
- INGA NA : ING Eyes 10-25% EPS Upgrades, Dividend Hike, Buybacks: BI Focus
- KRN GY : Krones 2Q Ebitda Misses Estimates
- MAERSKB DC : Maersk Earnings to Gain From Strong Liner Fundamentals: React
- ML FP : Michelin Boosts Prices in North American Market
- MSFT US : Bill Gates, Melinda French Gates Officially Divorced: Insider
- NOVN SW : Novartis Plans New OAV-101 Study After FDA Lifts Partial Hold
- OERL SW : Oerlikon Boosts FY Sales Forecast
- PSH NA : Pershing Square Holdings July Net Performance +1.9%
- PFV GY : Pfeiffer Vacuum 2Q Sales EU199.5M Vs. EU148.5M Y/y
- PRX NA : Naspers and Prosus in Focus Again on China Regulatory Concerns
- PUUILO FH : Puuilo Rated New Buy at Danske Bank Markets; PT 8.90 euros
- ROG SW : Roche’s Tecentriq Granted Priority Review by FDA
- SAN FP : Sanofi to Buy Translate Bio for $38/Share in Cash: M&A Snapshot --> TBIO +75% in After Hours
- GLE FP : SocGen 2Q Net Income Beats Estimates
- SRS IM : Saras Earnings Beat, Improving 2H Outlook Are Supportive: React
- SMIN LN : Smiths Agrees to Sell Medical Unit in Deal With TA: M&A Snapshot
- STAN LN : Standard Chartered 2Q Adjusted Pretax Profit Beats Estimates
- STLA IM : *STELLANTIS RAISES FY ADJ. OPERATING MARGIN TARGET TO ABOUT 10%
- UCG IM : Paschi Bondholders Said to Be Shielded in UniCredit Takeover
- RIN FP : Vilmorin Sees FY Current Operating Margin 9%, Saw 8.50% to 9%
- ZURN SW : Zurich Said Near Deal for Deutsche Bank’s Italy Promoters Unit