The rally in global stocks faltered Thursday following disappointing earnings from technology bellwethers and as traders await more clues on how quickly key central banks will tighten monetary policy. U.S. equity futures dropped, with contracts on the technology-heavy Nasdaq 100 down some 2%, after Facebook parent Meta Platforms Inc. and streaming service Spotify Technology SA plunged in late trading on soggy forecasts. Shares fell in Japan and Australia, while South Korea reopened from a holiday and pushed higher. Hong Kong and China remain shut. U.S. shares closed up Wednesday, taking global stocks to their best four-day advance since 2020, but the tech fallout overshadowed that winning run. A strong regional inflation print is buttressing the euro and adding pressure on the European Central Bank to reconsider its dovish stance. Policy decisions from the ECB and the Bank of England are due Thursday. ADP data before Friday’s jobs report showed employment at U.S. firms shrank in January by the most since the early days of the pandemic. Meanwhile, the U.S. gave the green light to plans to move more troops to Europe and dispatch soldiers already stationed on the continent further east, seeking to send a stronger military message alongside diplomatic efforts with Russia over Ukraine. Western officials have warned of punishing economic sanctions if Russia invades Ukraine, which the Kremlin denies it plans to do. US After Hours CCS +10%, RRR +8% rise while FB -23%, SPOT -10% fall on earnings/guidance
Nikkei -1.06% Hang Seng CSI Shanghai Shenzen - All Closed
Eur$ 1.1296 CNH 6.3674 CNY 6.3612 GBP 1.3551 CHF 0.9202 RUB 76.3443 TRY 13.5389 WTI$ 87.74 -0.60% Gold 1,805.55 -0.07% BTC 36,900 ETH 2643
S&P -0.96% Nasdaq -2.20% EuroStoxx -0.51% FTSE -0.26% Dax -0.55% SMI
Macro :
- U.K. Deploys Typhoon Jets to Intercept Four Russian Aircraft
- BOE, ECB Decisions, U.K. Consumers, Yellen on Inflation: Eco Day
Keep an eye on :
- ABBN SW : ABB 4Q Operating Ebita Meets Estimates
- ADJ GY : Ex-Adler Board Member Buetter Takes Expanded Role at Union
- ADKO AV : Addiko Bank to Skip Dividends Due to Slovene FX-Loan Law
- ATO FP : Thales Says Not in Discussions With Atos On Deal
- BBVA SM : BBVA 4Q Net Income Beats Estimates, Expects Core Revenue to Grow Around ‘Double-Digit’ in 2022
- BRG NO : Borregaard 4Q Ebitda Misses Estimates
- DANSKE DC : Danske Sees Rising 2022 Profit on Cost Cuts, Higher Activity
- DSY FP : Dassault Systemes Sees 2022 Non-Ifrs Rev Ex-FX +9% to +10%
- DTE GY : T-Mobile Soars After Carrier’s Upbeat 2022 Customer Outlook
- EPR NO : Europris 4Q Revenue Misses Estimates
- RACE IM : Ferrari Wants to Take Real-World Wow Factor to the Metaverse
- BONHR NO : Fred. Olsen Windcarrier to Launch IPO, Apply for Oslo Listing
- G IM : Generali Seeks Regulator Review of Tycoons’ Stake-Building
- HNR1 GY : Hannover Re Prelim FY Net Income EU1.23B
- IFX GY : Infineon 1Q Total Segment Profit Beats Estimates, Infineon Boosts FY Segment Result Margin Forecast
- ING NA : ING 4Q Net Income Misses Estimates
- KCR FH : Konecranes 4Q Orders Beats Estimates
- BMPS IM : Monte Paschi’s Board Will Review Position of CEO Bastianini
- NESN SW : Butterfly to Sell Majority Stake in Orgain to Nestlé; No Terms
- NOKIA FH : Nokia 4Q Net Sales Meets Estimates
- NDA SS : Nordea Net Interest Income Beats Ests; Sets New Target (1)
- OMV AV : OMV Selling Borealis Fertilzer Unit for EU455M to Eurochem
- PTEC LN : TT Bond Partners Weighs Fresh GBP2B Playtech Bid, Sky Reports
- PUB FP : Publicis Sees 2022 Organic Revenue +4% to +5%, Est. +3.55%
- RILBA DC : Rilba Won’t Bid for Handelsbanken’s Danish Unit, Borsen Says
- ROG SW : Roche FY Core EPS Misses Estimates
- SAB S M : Sabadell Says ECB Requires Minimum CET1 Phased-In Ratio 8.46%
- SPM IM : Italy Weighs Bolstering Saipem Management After Profit Warning
- SCATC NO : Scatec 4Q Ebitda Misses Estimates
- SGRE SM : Siemens Gamesa CEO Andreas Nauen Resigns
- SGRE SM : Siemens Gamesa's Incoming CEO Takes Helm of Troubled Ship: React
- SHL GY : Siemens Healthineers Boosts FY Adjusted EPS Forecast
- SKFB SS : SKF Launches New Strategic Framework, Plans to Double Business
- SLIGR NA : Sligro FY Ebitda Beats Estimates
- SHF GY : SNP Schneider-Neureither Raised to Buy at Berenberg; PT 48 euros
- STAN LN : Standard Chartered Probes Zimbabwe Misconduct Allegations
- SCMN SW : Swisscom FY Ebitda Meets Estimates
- HO FP : Thales Says Not in Discussions With Atos On Deal
- UHR SW : Swatch Proposes Div CHF5.50/Bearer Shr, CHF1.10/Registered Shr
- UNI SM : Unicaja 4Q Net Loss EU18M Vs. Loss EU17M Y/y
- VED LN : Billionaire Agarwal Said to Weigh Vedanta Merger With India Unit
- VOW GY : Electrek.Co: Quantumscape achieves solid-state batteries that can fast charge in 15 minutes through 400 consecutive cycles
- VOW GY : VW Group to Decentralize Management of Brands, CFO Tells FAZ
- VOW GY : Volkswagen to Boost Chinese EV Capacity to 1M by 2023: Nikkei