Most stocks in Asia dropped Wednesday with technology share declining as investors fret about interest rates increases. Treasuries held losses. An index of tech shares in Hong Kong fell to the lowest since May 2020. South Korea and China also dropped along with U.S. futures. Shares in Japan edged higher. The Nasdaq 100 underperformed amid a selloff in tech names as Treasury yields climbed for a second day. Treasuries were steady after yields rose amid increasing conviction the Federal Reserve will raise rates at least three times beginning in May to counter price pressures. The yield curve steepened as yields on long maturities also climbed amid heavy supply of new corporate bonds. The dollar was little changed, while the yen traded near its lowest since January 2017. Data Tuesday showed mixed signs on U.S. inflation. Prices paid by manufacturers in December came in sharply lower than expected. However, figures showing a record U.S. job quit rate added to concerns over wage inflation. Meanwhile, North Korea appears to have launched its first ballistic missile in about two months, just days after leader Kim Jong Un indicated that returning to stalled nuclear talks with the U.S. was a low priority for him in the coming year. Crude oil in New York held gains. OPEC and its allies agreed to revive more halted production as the outlook for global oil markets improved, with demand largely withstanding the new coronavirus variant. Elsewhere, Bitcoin traded near $46,000. Goldman Sachs Group Inc. predicts $100,000 is possible as the cryptocurrency continues to take market share from gold as a store of value.
US After Hours Earnings make return after holiday break, SGH -5.1% and MLKN -4.3% head lower; WEJO +26.7% jumps on partnership with MSFT; INSP +5.4% higher on bullish guidance
Nikkei +0.10% Hang Seng -1.31% CSI -1.01% Shanghai -1% Shenzen -1.75%
Eur$ 1.1295 CNH 6.3735 CNY 6.3709 JPY 115.99 GBP 1.3535 CHF 0.9156 RUB 75.4330 TRY 13.4344 WTI$ 77.07 +0.10% Gold 1,812.95 -0.08% BTC 46,450 +0.50% ETH 3,820 -0.16%
S&P -0.19% Nasdaq -0.40% EuroStoxx -0.04% FTSE -0.22% Dax -0.09% SMI
Macro :
- Fed Minutes Eyed for Details on Rate Liftoff, Shrinking Assets
Macro :
- Fed Minutes Eyed for Details on Rate Liftoff, Shrinking Assets
- Goldman Says Bitcoin $100,000 a Possibility by Taking on Gold
Keep an eye on :
Keep an eye on :
- ALV GY : Allianz’s French Unit Transfers EU2.1b Savings Contracts to CNP
- AMUN FP : Amundi Targets 50% AuM Growth by 2025 in Passive Management
- BAKKA NO : Bakkafrost Reports Total Harvest of 25,800 Tons in 4Q
- BNP FP : BNP to UniCredit, $1 Trillion Banking Outlook Skewed Positively
- CNC LN : Concurrent Tech Sees Earnings Slightly Ahead of Market Views
- CNP FP : Allianz’s French Unit Transfers EU2.1b Savings Contracts to CNP
- DAI GY : Mercedes Recall Faces Delay Due to Parts Shortage, Bild Says
- EDF FP : EDF Considers Steps to Help Companies Stung By Energy Cost Surge
- 3333 HK : Evergrande Unit Proposes Delaying Possible Yuan Bond Repayment
- FORTUM FH : Uniper Agrees on New Financing Due to Commodities Volatility
- GXI GY : Gerresheimer Shares Fall After JPM Reiterates Neutral Rating
- IPH FP : Innate Pharma Obtains EU28.7M in State-Guaranteed Loans
- ISP IM : Intesa, UniCredit May Join KKR’s Telecom Italia Bid: Sole
- NVG PL : Navigator to Increase Tissue Paper Prices Due to Higher Costs
- NVG PL : Navigator to Increase Tissue Paper Prices Due to Higher Costs
- PUB FP : Publicis Announces Purchase of Tremend
- SIGN SW : SIG Combibloc to Buy Evergreen Fresh Carton Business in Asia
- SLIGR NA : Sligro FY Sales Meet Estimates
_ STLA IM ; Chrysler Plans to Go All Electric by 2028, CEO Says: CNBC
- TIT IM : Intesa, UniCredit May Join KKR’s Telecom Italia Bid: Sole
- TSLA US : Nikola Drops $2 Billion Patent Suit Against Tesla Filed in 2018
- UCG IM : Intesa, UniCredit May Join KKR’s Telecom Italia Bid: Sole
- UN01 GY : German Energy Giant Uniper Gets $11 Billion to pay Margin Calls