sian equities slipped, tracking a drop in US stocks and Treasuries as Wall Street’s risk-on mood faded with declines in big tech. The dollar held on to its gains. Benchmarks in South Korea and Australia fell more than 1% after closing at their highest levels since at least mid-2022 in the previous session. Shares in mainland China were mixed. Japanese markets remain closed for a holiday. The new year has started on a somber note, after huge bets on a Federal Reserve pivot spurred a worldwide rally in both stocks and bonds in the fourth quarter. Contracts for US shares were little changed after the Nasdaq 100 dropped the most in more than two months on Tuesday as tech sector giants dubbed the Magnificent Seven fell. Treasury futures advanced modestly in Asian hours Wednesday, but trading of cash Treasuries is still closed due to the Japanese holiday. Bonds slumped in US trading, partly reflecting doubts that policymakers will deliver the extent of monetary easing that’s priced by money markets, with central banks reluctant to give up the fight against inflation too soon. The dollar traded in narrow range against its Group-of-10 peers after notching its biggest daily gain since March. China tech stocks are in focus after a report that Beijing removed a top official who oversaw the nation’s gaming industry, which suggests the government is trying to tamp down a backlash against harsh new regulations that triggered an $80 billion rout across the sector. Tencent Holdings Ltd. and smaller rival NetEase Inc. reversed earlier losses. Traders are now waiting for the release of the latest Fed minutes Wednesday. The tone is expected to be hawkish, according to BMO Capital Markets’ Ian Lyngen. Wednesday’s job openings data and Friday’s nonfarm payrolls will also be scanned for signs of weakness in the labor market. Bitcoin hovered around $45,000 after climbing above that level for the first time in almost two years Tuesday on anticipation around the expected US approval for an exchange-traded fund investing directly in the biggest token. Oil held a drop as broad risk-off sentiment undercut concerns about escalating conflict in the Red Sea. US After Hours PSTG +4.5% up on index change; BLMN +3.4% edging higher following Starboard Value pact.
Nikkei Closed Hang Seng -1.25% CSI -0.51% Shanghai -0.17% Shenzen -0.97%
Eur$ CNH CNY JPY GBP CHF RUB TRY WTI$ Gold BTC ETH
S&P -0.04% Nasdaq -0.09% EuroStoxx -0.31% FTSE -0.14% Dax -0.28% SMI
Macro :
- Goldman Tops M&A Advisory Ranking as Rivals Maneuver
- Citi Says Short Squeeze on Horizon if S&P 500 Resumes Rally
- Italy Dec. New Car Sales Rise 5.88% Y/y
Keep an eye on :
Keep an eye on :
- AIR FP : Airbus Working on Up to €1.8b Offer for Atos Cyber Unit: FT
- AGR US : Avangrid to Avoid Takeovers After Abandoning $4.3 Billion Deal
- ATO FP : Airbus Working on Up to €1.8b Offer for Atos Cyber Unit: FT
- BA US : Boeing Reached Annual 737 Delivery Target With Year-End Flurry
- IBE SM : Iberdrola Ends $4.3 Billion Deal to Buy US Power Firm PNM
- LIAB SS : Lindab Buys US Manufacturer of Ventilation Duct Machinery
- MAERSKB DC : Maersk Decides the Red Sea Is Too Unsafe for Its Ships for Now
- MAERSKB DC : Maersk Decides the Red Sea Is Too Unsafe for Its Ships for Now
- PSH NA : Pershing Square Holdings Dec. Net Performance +9.3%
- REN PL : Portuguese Electricity Demand Rose 6.9% in December, REN Says
- RWE GY : Germany to Accelerate Write-Offs for Gas Pipelines: HB
- STLAM IM : Italian New Car Sales Jump 19% in 2023 Compared With Prior Year
- TPR US : Tapestry Rises as JPMorgan Hikes PT on Coach Strength (1)