Asian stocks and U.S. equity futures stabilized Friday after Wall Street sagged amid robust U.S. economic data that stoked concerns about a pullback in central bank stimulus. Treasury yields and the dollar held gains.
Shares pared losses in Japan and turned higher in China and Hong Kong. S&P 500 and Nasdaq 100 futures were little changed after the gauges fell overnight but came off lows on signs President Joe Biden may be willing to compromiseon corporate taxes. Strong U.S. jobs data and record service-sector growth underscored the recovery from the pandemic.
China’s markets weathered Biden’s order amending a ban on U.S. investment in Chinese companies. The order named 59 firms with ties to China’s military or in the surveillance industry, including Huawei Technologies Co.
Gold remained lower after coming under pressure as yields and the dollar pushed higher, while the rally in crude oil has stalled. Meme stocks including AMC Entertainment Holdings Inc. had another volatile U.S. session. Bitcoin dipped after a cryptic Elon Musk tweet hinting at a split with the token.
US After Hours SENS +37% rises on PROMISE study results while NGL -16% declines on earnings
Nikkei -0.39% Hang Seng +0.14% CSI +1% Shanghai +0.14% Shenzen +0.65%
Eur$ 1.2111 CNH 6.4032 CNY 6.4053 JPY 110.28 GBP 1.4088 CHF 0.9046 RUB 73.2806 TRY 8.8127
S&P -0.11% Nasdaq -0.08% EuroStoxx -0.20% FTSE -0.15% Dax -0.16% SMI -0.12%
Macro :
- U.K. May Car Sales Rose Sevenfold From Depressed Year-Ago Level
- Active Funds Crushed Equity Benchmarks in May Like Never Before
- Germany Wins EU Approval for Extending Cogeneration Subsidy
- Biden May Back 15% Tax Floor Instead of 28% Corporate Rate: WaPo
- Fed’s Bullard Says Labor Market ‘Very Tight’ As Growth Picks Up
Spacs:
- Viking Venture Raises NOK600m for First Norwegian SPAC
- Ackman SPAC Is Said to Discuss Taking Universal Music Public
Keep an eye on :
Keep an eye on :
- AIR FP : Boeing Warns China Trade Impasse Threatens Company’s Global Sway
- AAPL US : Apple Working on IPad Pro with Wireless Charging, New IPad Mini
- AMS SW : Acuity Brands to Buy AMS Osram’s DS Business in North America
- AZN LN : Malaysia Grants Nod to AZ Vaccine Manufactured in Thailand
- AZN LN : Malaysia Grants Nod to AZ Vaccine Manufactured in Thailand
- ASA NO : Atlantic Sapphire Offering Prices at NOK98.6/Share
- AG1 GY : Auto1 to Join Germany’s MDAX; DAX Index Unchanged
- BMPS IM : Italy May Define Monte Paschi Exit Road Map by July: MF
- BBVA SM : BBVA Offers to Scale Back Spain Job Cuts to 2,935: Europa Press
- COFB BB : Cofinimmo Holders Having Combined 54% Opt for Stock Dividend
- COL SM : Colonial Reaches Deal to Enable Purchase of Rest of SFL Unit
- FINGB SS : Fingerprint Cards Withdraws 2Q Revenue Guidance on Sales Delay
- G IM : Generali Affirmed at BBB+ by Fitch on Cattolica Acquisition (1)
- IIA AV : S Immo Rejects Takeover Offer by Immofinanz
- LXS GY : U.K. CMA to Review Lanxess Purchase of Emerald Kalama Chemical
- MS IM : EU May Cite Italy Over Protection for Mediaset: Repubblica
- MONT BB : Montea to Spend EU29m on Dutch Projects at 6.2% Initial Yield
- NOVN SW : Novartis Netter-1 Study Didn’t Reach Statistical Significance
- NOVN SW : Novartis Drug’s Radiation Blast Extends Prostate Cancer Survival
- NN NA : Deutsche Bank’s DWS, Generali Said to Vie for NN’s Asset Manager
- OCDO LN : Ocado Persuades Agency to Take Second Look at AutoStore Patent
- ORA FP : Orange Launches Internal Investigation Into Network Failure
- RNO FP : Nissan Shareholder Wants Master Agreement With Renault Disclosed
- SPM IM : Saipem, Naval Energies Sign Deal on Floating Wind Business
- SGE LN : Holder Offers 16m Sage Group Shares via Goldman Sachs: Terms
- SAN FP : Sanofi Plans Clinical Trial of Covid Vaccine in Japan: Nikkei
- FLY FP : Colonial Reaches Deal to Enable Purchase of Rest of SFL Unit
- TUNG LN : Tungsten Sees Earnings in Line With Guidance
- VIV FP : Pershing Square SPAC Nears Deal With Universal Music Group: DJ