Asian stocks were steady Monday after U.S. equities extended a rally on speculation the Federal Reserve has scope to continue providing substantial stimulus support. Oil dipped amid OPEC+ tension.
Shares slipped in Japan and Hong Kong, and fluctuated in China, where cybersecurity probes into ride-hailing giant Didi Chuxing as well as some other online platforms highlighted Beijing’s push to curb the influence of the nation’s internet companies. Chinese technology firms fell in Hong Kong.
The S&P 500 reached a record for a seventh day Friday after a U.S. jobs report signaled the economy is gaining steam but not at a pace that would prompt the central bank to taper stimulus quickly. U.S. equity contracts edged down. U.S. stock and bond markets are closed for the July 4 Independence Day holiday.
Oil was around $75 a barrel amid an OPEC+ dispute. The standoff between Saudi Arabia and the United Arab Emirates leaves the global economy guessing how much oil it will get next month.
Nikkei -0.58% Hang Seng -0.62% CSI -0.51% Shanghai -0.11% Shenzen +0.04%
Eur$ 1.1860 CNH 6.4656 CNY 6.4623 JPY 111.10 GBP 1.3824 CHF 0.9218 RUB 73.3578 TRY 8.6832 WTI$ 75.08 -0.11% Hold 1,788.40 +0.06% BTC 34,150 -1320 ETH 2260 -95
S&P -0.17% Nasdaq -0.14% EuroStoxx -0.07% FTSE +0.18% Dax -0.04% SMI +0.05%
Macro :
- Investors Don’t See End to Record-Breaking Equity Rally Just Yet
- OPEC+ Crisis Deepens as Saudi Arabia Refuses to Budge
- Polar Asset Trader Charged With $3.6 Million Fraud Scheme
- Germany’s Scholz Sees Holdouts Eventually Backing Tax Deal
- Merkel Bloc Widens Lead Over Green Party in German Election Poll
Spacs :
- Apollo Is Said to Plan Its First European SPAC IPO in Amsterdam
- SPAC Spartan Dips After Seeking to Boost Shares in Tie-Up Deal
Keep an eye on :
- AIR FP : Boeing 737 Freighter Ditches Off Hawaii Coast; Crew Rescued
- ALO FP : Norway’s KLP Exits Motorola, Alstom on West Bank Settlement Ties
- CAST SS : Castellum Buys Kielo for ~SEK 6.5B from Blackstone, Brunswick
- CSGN SW : Credit Suisse Head of Asset Management in Spain Exits
- ROO LN : Deliveroo Surges as Short Interest Rises, JPMorgan Hikes Target
- DTE GY : Deutsche Telekom Said to Start $5.3 Billion Dutch Unit Sale
- DIGS LN : GCP Student Living Confirms Receipt of Non-Binding Proposals
- EQT SS : Sweden’s EQT Fund Buys U.S.-Based Cypress Creek Renewables
- ESKN LN : Esken Gets GBP125m Carlyle Convertible Loan to Help Fund LSA
- KCR FH : Cargotec and Konecranes Deal Gets EU Probe Over Antitrust Issues
- LAND SW : Landis+Gyr in 20-Year Pact With National Grid for Smart Meters
- MITRA BB : Mithra to Exercise 2nd Put Option in Share Deal With LDA Capital
- MRW LN : Fortress Agrees to Buy Morrison for About $8.7 Billion in Cash
- NWG LN : EU Clears NatWest, Natixis to Participate in Recovery Bond Sales
- NHY NO : Norsk Hydro Asa: Hydro agrees to sell Hydro Precision Tubing Lichtervelde plant to Aurelius Group
- NYR BB : Nyrstar: Court Suspends Probe, Orders Claimants to Provide Proof
- OCDO LN : U.K. Grocer Ocado Is Seen Many Years Away from a Profit: Chart
- RDM SM : Apollo Global to Buy 67% in RDM for EU1.45/Share; Eyes Delisting (1.45 cvs 1.418 Friday Close)
- 9984 JP : Revolut, SoftBank Fund in Talks on Fundraising, Sky Reports
- ALSPT FP : Spartoo Sells EU23.7 Million of New Shares in Paris IPO
- AM3D GY : SLM Calls Convertible Bondholder Vote on Conversion Date
- STLA IM : Stellantis to Announce Plan to Make E-Vans in U.K., FT Says
- TIV DC : Tivoli Sees 2021 Revenue of About DKK600 Mln Amid Reopening
- TTE FP : Qatar to Buy South African Oil-Block Stakes From TotalEnergies
- TTE FP : TotalEnergies to Forgo Palm Oil From 2023, CEO Tells La Provence
- TRYG DC : Tryg Raises FY Technical Result to Range of DKK3.5-3.8B
- VOW3 GY : Audi Seeks to Double Return on Sales by 2025: Der Spiegel
- WIEN AV : Wienerberger Boosts FY Adjusted Ebitda View, Misses Est.
- WG/ LN : Wood Group to Pay SFO $142 Million to Settle Bribery Case