Asian stocks and U.S. equity futures started the week on the back foot, as investors weighed the prospects for growth against concern over inflationary pressures.
Japanese and Hong Kong shares dropped. Earlier gains vanished after trading of China Evergrande Group shares was suspended in Hong Kong, along with those of its property management unit. Mainland Chinese markets are closed through Thursday for the Golden Week holidays. Australian shares bucked the trend. U.S. futures were steady, and Europe’s rose.
The dollar steadied after two sessions of losses. Treasuries fluctuated, with 10-year yields inching up to 1.47%. The S&P 500 closed higher Friday after promising results for a Covid-19 pill and positive manufacturing data triggered a rally in companies that stand to benefit from an economic reopening.
Asia investors are watching for further news on Evergrande, which faces a maturing bond with little wiggle room for payment. Hopson Development Holdings Ltd. -- whose shares were also suspended Monday morning -- plans to acquire a 51% stake in the beleaguered lender’s property-management unit for more than HK$40 billion ($5.1 billion), Cailian reported, citing unidentified people.
Elsewhere, Bitcoin traded around $47,500, largely maintaining its recent gains. Oil traders will monitor comments from OPEC+ which meets virtually amid a spiral higher in crude prices.
Nikkei -1.08% Hang Seng -1.93% CSI +0.67% Shanghai +0.90% Shenzen +2.04%
Eur$ 1.1597 CNH 6.4527 CNY 6.4448 JPY 111.03 GBP 1.3545 CHF 0.9307 RUB 72.7925 TRY 8.8573 WIT$ 75.80 -0.11% Gold 1,760.77 BTC 47,793 -1.39% ETH 3,360 -1.89%
S&P -0.20% Nasdaq -0.43% EuroStoxx +0.08% FTSE +0.32% Dax +0.11% SMI +0.21%
Macro :
- Europe’s Power Crisis Is Moving North as Water Shortage Worsens
- JPMorgan Sees Natural Gas Crisis Pushing Oil to $84 By Year-End
- U.K. Government Clears Army to Start Delivering Fuel From Monday
- September Selloff Brings October Questions, Payrolls in Focus
Keep an eye on :
- ADJ GY : Adler Group Starts Review After Yielding Assets Draw Approaches
- AIR FP : Airbus CEO Sticks to Higher A320 Output Goal Despite Supply Woes
- AIR FP : U.S. Aerospace Firms Commit to Net Zero Emissions by 2050: Rtrs
- ALMB DC : Alm. Brand Sells Unit for DKK1.1B to Reduce Rights Issue (1)
- ARYN SW : Aryzta FY Revenue Beats Estimates
- CA FP : Carrefour Announces Voluntary Job Cuts in Italy After Plan
- CA FP : Mulliez Family Won’t Sell Auchan: La Voix du Nord (Oct. 2)
- COPN SW : *EXCHANGE RATIO PER CASSIOPEA SHARE IS CHF37.13/SHARE
- CSGN SW : Credit Suisse Offices Searched in Relation to Greensill: NZZamS
- DELT IT : Israeli Clothing Maker Delta Galil Is Said to Plan U.S. Listing
- DBK GY : Deutsche Bank Drops Risky Clients After Epstein Case, FT Reports
- DHER GY : Delivery Hero Buys Danish Food Delivery Service Hungry, No Terms
- EDF FP : EDF Says Urgent for U.K. to Decide on Sizewell Nuclear Plant: FT
- ECV GY : Encavis Converts Hybrid Convertible Bonds Issued in ‘17 and ‘19
- FAMI US : Farmmi Falls 24%: Chinese U.S. Listings
- FLNG NO : *FLEX LNG FILES $500M MIXED-SECURITIES SHELF
- FYB GY : FDA May Extend Shelf Life of Millions of Moderna Shots: NBC News
- IAG LN : *GLOBALIA SEEKS NEW PLAN TO RESCUE AIR EUROPA: EL CONFIDENCIAL
- Informatica IPO : Permira-Backed Technology Company Informatica Files for IPO
- MXCT LN : MaxCyte Shares Slump Further From Record Amid Biotech Slump
- MS IM : Mediaset Proposes Introduction of Dual Class Share Structure
- MRK GY : Merck’s Covid Pill Dominates Early Stocks Moves
- MLP GY : MLP Expects to Significantly Exceed EBIT Forecast for 2021
- MRW LN : CD&R Beats Fortress in $9.5 Billion Auction Fight for Morrison - 287p/share
- ONTEX BB : Ontex Gets Payment of EU81m From Brazil Arbitration Settlement
- PLTR US : *PALANTIR FALLS 2.4% POSTMARKET AFTER MIXED SHELF FILED
- PSH NA : Pershing Square Holdings Sept. Net Performance +4.2%
- PFC LN : Petrofac Says It’s Reviewing Refinancing Options
- Rivian IPO : Rivian Automotive Files for IPO, Seeks Nasdaq Listing
- STLA IM : FCA Reports U.S. 3Q Total Sales 410,917 Vehicles vs 507,351 Y/y
- TSCO LN : Tesco to Unveil Share Buyback Plan This Week, Sunday Times Says
- TSLA US : *JUDGE SHELVES NIKOLA’S $2B PATENT LAWSUIT AGAINST TESLA: VERGE
- TSLA US : Tesla 3Q Deliveries Beats Estimates
- VOW3 GY : Volkswagen of America: 3Q Sales -8.2% Y/y
- VOW3 GY : Chip Crisis to Cut Auto Output by Up to 11M Cars This Year: Welt
- VOW3 GY : VW Workers Urge Faster EV Rollout at World’s Biggest Car Factory