U.S. equity futures fell Friday along with stocks in Asia as a rotation away from high-flying tech stocks gained steam amid question marks over the sustainability of lofty valuations. European stock futures ticked up.
Losses in Tokyo, Shanghai and Hong Kong were smaller than those seen in the U.S. overnight, as trader focus turned to the non-farm payrolls report later Friday. S&P 500 futures slipped after the benchmark fell 3.5% Thursday. Nasdaq contracts slid over 1% after the tech-heavy gauge’s 5% overnight slump, its largest since March. That suggests the U.S. retreat could extend for a second day ahead of a holiday weekend there. Treasuries and the dollar were steady, with moves into haven assets muted despite the pronounced drop in equities. Gold ticked higher.
US After Hours Chip stocks weak after hours; DOMO +8.4%, OXM +3.9%, COO +3.4% strong on earnings while DOCU -5.6% shows weakness
Nikkei -1.13% Hang Seng -1.51% CSI -1.38% Shanghai -1.24% Shenzen -0.96%
Eur$ 1.1850 CNH 6.8439 CNY 6.8403 JPY 106.17 GBP 1.3274 CHF 0.9096 RUB 75.2377 WTI$ 41.01 -0.77%
S&P -0.30% Nasdaq -1% EuroStoxx +0.24% FTSE -0.40% Dax +0.08% SMI +0.07%
Macro :
- ECB Decides Rates, Lagarde Holds Briefing: Week Ahead Sept. 5-11
- European Airlines, Airports Issue Call for Slot-Waiver Extension
- Germany’s DAX Index to Leave Constituents Unchanged
- Muted Haven Reaction Suggests Risk-Off a Stocks Issue for Now
- Fund Flows Exit U.S and EM Equities, Head for Bonds, Citi Says
Keep an eye on :
- ANA SM : Acciona-Led Consortium Wins C$1.7B Vancouver Subway Contract
- ATL IM : Benettons May Get 11%-12% in New Autostrade After Spinoff: Sole
- ASML NA : How China Made the Netherlands Question the Free Market (1)
- AZN LN : Five DOD Sites Picked for AstraZeneca Phase 3 Vaccine Trial
- BKIA SM : Spain’s Bankia, CaixaBank Confirm They Are Weighing Merger
- CABK SM : Spain’s Bankia, CaixaBank Confirm They Are Weighing Merger
- COLR BB : Colruyt Increases Stake in Zeb Owner Fraluc to >96%; No Terms
- EDP PL : EDP First Half Net Income Beats Estimates
- EL FP : EssilorLuxottica To File Appeal Against GrandVision Judgment
- EXO IM : Exor Reports 1H Loss of EU1.3B
- ERF FP : Eurofins Buys Sundream Group; Deal To Be Immediately Accretive
- FLS DC : FLSmidth CEO Seeks Takeover Targets in Cement, Borsen Says
- GSF NO : Grieg Seafood Gets 5 New Farming Licenses in Newfoundland
- ILD FP : Iliad CEO Sees French 5G Spectrum Auction End Sept., Early Oct.
- JDEP NA : JAB Prepares to Name Fabien Simon as JDE Peet’s CEO: FT
- LHA GY : Eurowings Plans to Have About 80 Aircraft Flying in Summer 2021
- NELES FH : Valmet Represented on Neles Nomination Board, Alfa Laval Is Not
- NOKIA FH : Finnish State’s Solidium Exceeds 5% Threshold in Nokia Shares
- PSTH/U US : Ackman Says He Held Early Talks to Take Airbnb, Stripe Public
- REP SM : Repsol to Buy Back Up To 23.6m Shrs, or 1.45%, for Max EU227.2m
- ROG SW : Roche Gets FDA EUA for Cobas SARS-Cov-2 & Influenza A/B Test
- RYA ID : Ryanair EU400M Placing Order Book Said to Be Covered
- SEV FP : Suez Should Seek Alternatives to Veolia’s Offer, Chairman Says
- SOF BB : Sofina 1H Net Loss EU210.7 Mln Vs. Profit EU566.7 Mln Y/y
- TIT IM : Telecom Italia May Not Hold Grid Majority: Patuanelli to Stampa
- VNA GY : Vonovia Offering Prices 17m Shares at EU59/Share
- VOW3 GY : VW Unit Said to Plan to Resume Navistar Takeover Push This Month
- VOW3 GY : VW Seeks One-Time Remedy Pay for ~50,000 Diesel Customers: DPA
- WEW GY : Westwing Boosts Full Year Revenue Forecast