Stocks and currencies whipsawed on Tuesday as investors gauged the health of the Chinese economy and reassessed a nascent upswing in shares. US equity futures fluctuated and European contracts fell after the region-wide Euro Stoxx 50 benchmark jumped 1.7% on Monday. Share markets across Asia seesawed in mixed trade that saw Hong Kong and mainland China stocks edge higher after early losses, while South Korean stocks were steady and Australian shares fell. The pressure facing stocks followed the sharp swings last year that saw 20% in value wiped from global equities, the worst run since the financial crisis. Bonds lost 16% of value, the biggest decline since at least 1990 for one leading measure, as central banks hiked interest rates to slow inflation. The yen strengthened as much as 1% against the greenback to touch 129.52 per dollar — the highest level since May. It gained against all its Group-of-10 peers, in particular the commodity currencies of Australia, New Zealand and Canada. The advance follows sustained efforts by the Bank of Japan to depress yields on government debt, with the stronger yen indicating that traders believe the central bank will be forced to reduce its easy policy settings. The dollar traded flat and there was no cash Treasuries trading in Asia given Japanese markets are shut Tuesday. Gold surged about 1% to above $1,840 per ounce for the first time since June. China’s economy triggered investors’ concern after it ended the year in a major slump as business and consumer spending plunged in December, with more disruption likely in the first few months of the year as Covid infections surge across the country. oil fluctuated while the price of US natural gas fell as warmer weather was expected to reduce demand for heating. A private China purchasing managers index contracted for the fifth consecutive month. Other data on the docket for Tuesday includes German unemployment claims.
Nikkei Closed Hang Seng +1,80% CSI +0,51% Shanghai +0,94% Shenzen +1,51%
Eur$ 1,0662 CNH 6,8892 CNY 6,8860 JPY 129,90 GBP 1,2068 CHF 0,9248 RUB 71,49 TRY 18,7188 WTI$ 80,30 Gold 1,840 +0,94% BTC 16,735-0,09% ETH 1,218
S&P +0,17% Nasdaq +0,16% EuroStoxx -0,83% FTSE -0,09% Dax -0,69% SMI +0,53%
Macro :
- China’s Economy Likely Contracted Last Quarter, Beige Book Says
- Fear of Global Natural Gas Crisis Eased by Warm Start to Winter
Keep an eye on :
Keep an eye on :
- BNR GY : Brenntag Terminates Preliminary Takeover Talks With Univar
- EGL PL : Mota-Engil Says Carlos Mota Santos to Become CEO, Chairman
- FER SM : *FERROVIAL TO BUILD NEW MICROSOFT'S DATA CENTER IN MADRID: CINCO
- FORTUM FH : Blastr Plans €4 Bln Investment in Green Steel Factory in Finland
- GTT FP : GazTransport Et Technigaz Says Ceasing Its Activities in Russia
- HOLN SW : Uganda Cuts 1Q Power Tariffs 1.2% to Spur Development
- MBTN SW : Meyer Burger Reaches 2022 Output Goal With Volume of 321 MW
- RHM GY : Rheinmetall Says Puma Armored Vehicle’s Issues Are Trivial: DPA
- RHM GY : Rheinmetall Says Puma Armored Vehicle’s Issues Are Trivial: DPA
- SGRO LN : European REIT 7-Year Underperformance Looks Unstoppable in 2023
- STLA IM : Italy Dec. New Car Sales Rise 20.99% Y/y
- TAP PL : Portugal Says It’s Consulting Market on State-Owned Airline TAP
- TSLA US : Tesla Notches Record, Delivering 405,278 Cars in Fourth Quarter
- TSLA US : SpaceX Raising $750M in Funding Round at $137B Valuation: CNBC
- UNVR US : Univar Mulls Other Indications of Interest as Brenntag Talks End
- VOW GY : Portugal Light Vehicle Sales Rose 2.5% in 2022., Acap Says