China led Asian stocks lower and U.S. futures declined Thursday after a surge in sovereign bond yields reignited concerns about valuations. Treasuries held those losses.
MSCI Inc.’s Asia-Pacific gauge suffered its worst loss this week with China and Hong Kong bearing the brunt of the selloff. The technology sector struggled while real estate, finance and energy shares outperformed as part of a global shift to value segments. S&P 500 and Nasdaq 100 futures dipped after a slump in the indexes took the tech-heavy gauge to a two-month low. European contracts slid.
Australian bonds tumbled after benchmark Treasury yields approached 1.5% in U.S. trading. A market gauge of inflation expectations over the next five years hit its highest level since 2008.
US After Hours RMNI +6.7%, AEO +6.3%, SPLK +5.4%, RRGB +4.8%, SNOW +3.7% trade up on earnings; YEXT -15.4%, VRM -12%, OKTA -10.5% down sharply on earnings; MAXN +12.3% higher on amended solar supply agreement
Nikkei -2.13% Hang Seng -2.17% CSI -2.78% Shanghai -1.78% Shenzen -2.44%
Eur$ 1.2058 CNH 6.4727 CNY 6.4677 JPY 107.14 GBP 1.3954 CHF 0.9194 RUB 73.85 TRY 7.74307 WTI$ 61.65 +0.60% GOLD 1,715.65 BTC 49,450 -1900
S&P -0.50% Nasdaq -0.75% EuroStoxx -1.02% FTSE -0.56% Dax -0.90% SMI
Macro :
- U.S. Investor Bull-Bear Spread 15: AAII
- London Sees Rise in Virus Cases as National Decline Slows
- Melvin Capital Surged 22% in February After GameStop Disaster
- Bitcoin Drops Below $50,000 Level as Investors Turn Cautious
Spacs :
- SPAC Bosses Flip to More Aggressive Terms as Buyer Mania Builds
- SPAC Bandwagon May Come to London After Rule Change: ECM Watch
Keep an eye on :
- ABNB US : Airbnb Prices $2b Convertible Senior Notes
- ABIO FP : Albioma Sees 2021 Ebitda EU206M to EU216M
- AML LN : Aston Martin to Have Electric Sports Car, SUV by 2025: Chairman
- BBVA SM : BBVA to Carry Out Early Redemption of CoCos Issued in 2016
- BEI GY : Siemens Energy to Replace Beiersdorf in Germany’s DAX Index
- BT/A LN : BT Group Welcomes Government Support for New Investment
- COFB BB : Cofinimmo Offering of 1.49m Shares Prices at EU121/Share
- BN FP : Danone Plans to Sell its Argentina Water Brands: La Nacion
- PBB GY : Deutsche PBB Sees Higher Profit Before Taxes in 2021
- DRW3 GY : Draegerwerk FY Ebit Beats Estimates
- ENX FP : Euronext Buys Remaining Interest in Ibabs for EU53.2M
- G1A GY : GEA Group FY Dividend Per Share Beats Estimates
- GLEN LN : Glencore Is Said to Seek Buyer for South American Zinc Mines
- HEN3 GY : Henkel Sees 2021 Adjusted Ebit Margin 13.5% to 14.5%
- INRN SW : SER Opens Probe Into Interroll Over Potential Ad-Hoc Violation
- JMT PL : J. Martins FY Net Income Misses Estimates (1)
- KARN SW : Kardex Holding AG FY Revenue Misses Estimates
- FORN SW : Forbo FY Sales Match Estimates
- LHA GY : Lufthansa Sees 2021 Adj. Ebit Loss Lower Than 2020 EU5.45b Loss
- LHA GY : Lufthansa Sees Delay in Breaking Even After $8.1 Billion Loss
- ORA FP : Orange Seeking Partner to Replace Groupama: Richard
- RNO FP : Nissan COO Says More Electric Sedans, SUVs Coming to U.S.
- PSM GY : ProSieben 2021 Adjusted Ebitda Forecast Misses Estimates
- RSW LN : Renishaw, Weir to Replace Morrison, Pennon in FTSE 100
- RBREW DC : Royal Unibrew Sees 2021 Ebit DKK1.48B to DKK1.63B, Est. DKK1.60B
- SHLF NO : Shelf Drilling 4Q Total Revenue Beats Estimates
- ENR GY : Siemens Energy to Replace Beiersdorf in Germany’s DAX Index
- ENTRA NO : Entra Block of 10m Shares Crosses Following Dropped Bids (2)
- SDRL NO : Seadrill Makes $2.9B Impairment as Offshore Slump to Continue
- SIOE BB : Sioen FY Adjusted Ebitda Beats Estimates
- GLE FP : Societe Generale to Cut Bonuses at Investment Bank by About 20%
- STM GY : Stabilus Issues 95 Million-Euro Promissory Note
- STLA IM : Stellantis Shelved U.K. Car Investment Plan Over Combustion Ban
- SEV FP : Suez Is Said in Talks to Sell Australian Arm to Cleanaway
- TIT IM : Telecom Italia: Asset Management Cos. Filed Slates of Candidates
- HO FP : Thales 2021 Sales Forecast Misses Estimates
- UCG IM : UniCredit Submission Indicates Padoan as Chairman, Orcel as CEO
- URW NA : Iliad’s Niel Lifts Unibail-Rodamco-Westfield Stake to 11.4%: AMF
- UN01 GY : Uniper Sees 2021 Adjusted Ebit EU700M to EU950M
- VACN SW : VAT FY Net Sales Beat Estimates
- VIFN SW : Vifor Expects to Conclude at Least Two Deals in 2021, CEO Says
- RN FP : Vilmorin Sees FY Like-for-like Sales +4% to +6%
- VIV FP : Vivendi SE FY Ebita Beats Estimates
- VIV FP : Vivendi Tops Estimates Thanks to Music Unit It Plans to List (1)
- VOW3 GY : EV Battery Battle Has Carmakers Urging Peace Before Biden Acts
- VOW3 GY : Porsche & Volkswagen Group considering entering F1 - BBC Sport exclusive https://t.co/Zr1uPqKfns
- WEIR LN : Renishaw, Weir to Replace Morrison, Pennon in FTSE 100