Stocks in Asia wavered Tuesday and crude oil climbed as investors evaluated the prospect of tougher sanctions against Russia for alleged atrocities during the war in Ukraine. Shares were mixed in Japan and fluctuated in South Korea, where faster inflation added to the case for more interest-rate hikes. U.S. and European futures were steady after the technology sector boosted Wall Street Monday. Oil advanced on renewed fears about supply disruptions due to the war. The European Union is working on new Russian sanctions, while the U.S. said it may impose further penalties this week. Russia rejected allegations of war crimes. Treasuries retreated, with the spotlight remaining on inverted yield curves. The latter point to an economic downturn should the Federal Reserve deliver a series of aggressive rate rises to quell price pressures. Australia’s dollar strengthened and the nation’s sovereign bonds fell as the central bank left borrowing costs unchanged but jettisoned a reference to being patient over tighter policy. In the latest step to punish Russia, dollar debt payments from Russian government accounts at U.S. financial institutions have been halted, according to a person with knowledge of the matter. Russia will instead have to choose between draining dollar reserves held within its borders, spending new revenue it collects, or going into default, the official said, asking not to be identified. Markets are closed for holidays in Hong Kong and China. Shanghai reported over 13,000 daily Covid cases for the first time amid a sweeping lockdown.
Nikkei +0,16% Hang Seng Closed CSI CLosed Shanghai Closed Shenzen Closed
Eur$1:0970 CNH 6,3836 CNY 6,3629 JPY 122,45 GBP 1,3132 CHF 0,9258 RUB 83,1411 TRY 14,6888 WTI$ 104,56 Gold 1,929,60 BTC 46,750 +1% ETH 3520 +0,03%
S&P -0,07% Nasdaq -0,05% EuroStoxx -0,10% FTSE - 0,25% Dax -0,10% SMI
Macro :
- Democrats Ask Big Oil to Halt Stock Buybacks for War’s Duration
- Citi Said to Pause New SPAC Issuance as SEC Signals Crackdown
- JPMorgan Is Reviewing Commodity Exposure After Nickel Chaos
- U.K. Signals Crypto Engagement With Stablecoin Regulation, NFT
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- MERY FP : Casino Sells Remaining Stake in Real-Estate Company Mercialys
- POG LN : MSCI to Delete Petropavlovsk From U.K. Small Cap Index
- RWE GY : RWE AG Rejects Activist Investor Call For New Board Candidate
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- STLA US : U.K. Grants Sanctions Exemptions to Stellantis-Russia GEFCO JV
- TIT IM : KKR Is Said to Reiterate Due Diligence Request to Telecom Italia
- TIT IM : CVC May Value Telecom Italia’s Unit at EU6B With Debt: Sole
- 8TRA GY : Class 8 Truck North American Orders Fall 47% YoY in March