U.S. equity futures rose Wednesday and Asian stocks were steady after a technology selloff and Treasury Secretary Janet Yellen’s comments on interest rates ruffled markets overnight. The dollar slipped.
S&P 500 contracts advanced following a climb in commodity, financial and industrial sectors that helped the gauge pare losses. Nasdaq 100 futures were in the green after weakness in the likes of Apple Inc., Tesla Inc. and Amazon.com Inc. dragged the index lower. Australian shares rose and Hong Kong fluctuated. Markets in Japan, China and South Korea are shut for holidays.
Yellen said rates will likely rise as government spending ramps up and the economy responds with faster growth, comments that economists regarded as self-evident. In a subsequent interview, the former Federal Reserve Chair said she wasn’t predicting or recommending rate hikes.
Commodities rallied to a near decade-high as the rebound from the pandemic fuels demand. Copper climbed back above $10,000 a ton and oil advanced. New Zealand’s dollar rose against all its Group-of-10 peers on a strong jobs report. Treasury futures were steady, with cash markets closed in Asia.
US After Hours AYX +9.2%, CZR +6.8%, MTCH +6.4%, LYFT +5.8%, ATVI +5.6%, AKAM +2.7% higher on earnings; ESPR -20.3%, MRCY -11.7%, MCFE -5.6%, SYX -5.1%, INSP -4.2% lower on earnings
Nikkei Closed Hang Seng +0.02% CSI closed Shanghai -0.81% Shenzen -0.29%
Eur$ 1.2017 CNH 6.4784 CNY 6.4749 JPY 109.28 GBP 1.3912 CHF 0.9129 RUB 74.7076 TRY 8.3133 WTI$ 66.15 +2.57% Gold 1,779 -0.75% BTC 54,850 +990
S&P +0.29% Nasdaq +0.27% EuroStoxx +0.82% FTSE +0.73% Dax +0.71%
Macro :
- EU and India Will Agree to Revive Stalled Trade Talks: Reuters
Macro :
- EU and India Will Agree to Revive Stalled Trade Talks: Reuters
- London Emerges From Lockdown Harder Hit Than Much of the U.K.
- Inflation Risk Intensifies With Supply Shortages Multiplying (1)
Keep an eye on :
- AIR FP : UK Prosecutor Ends Probe into Airbus Individuals: Reuters
Keep an eye on :
- AIR FP : UK Prosecutor Ends Probe into Airbus Individuals: Reuters
- AF FP : French Lower House Adopts Law That Limits Domestic Flights
- ALC SW : Alcon 1Q Core EPS Beats Estimates
- ALKB DC : ALK-Abello 1Q Ebitda Beats Estimates; Guidance Raised
- ALV GY : Allianz Keen to Enter Ethiopia After Deal for Kenya’s Jubilee
- ALO FP : Alstom Holder Bombardier Offers 11.5m Shares: Terms
- ALO FP : Alstom Holder Bombardier Offers 11.5m Shares: Terms
- AGL IM : Autogrill 1Q Ebit Loss EU102.2M
- CS FP : Axa 1Q Revenue Misses Estimates
- CNHI IM : Nikola to Restate Some of Its Historical Financial Statements
- ACA FP : Credit Agricole Is Not Bidding For Orange Bank Stake: CEO
- DAI GY : Daimler Holder Nissan Motor Offers 16.4m Shares: Terms
- DHER GY : Delivery Hero Holders Sell Up to $1.4 Billion Stake in Offering, Delivery Hero Offering by Holders Prices at EU123.1/Share: Terms
- DPW GY : Deutsche Post Boosts FY Ebit Forecast
- DSM NA : DSM 1Q Sales Meet Estimates
- EQC US : Equity Commonwealth Buys Monmouth for $3.4 Billion: M&A Snapshot §§§
- HSBA LN : HSBC Could Pay Cerberus Over EU1B in French Ops Sale: Echos
- INDV LN : Indivior Faces Shareholder Ire Over Bonus for Ex-CEO: FT
- LAND SW : Landis + Gyr FY Revenue Meets Estimates
- MRK GY : Merck KGaA Sees FY Adjusted Ebitda About EU5.4B to EU5.8B
- B4B GY : Metro 1H Revenue EU11.39B
- NESN SW : Nestle Introduces Plant-Based Milk Brand to Rival Oatly, Alpro
- NOL NO : Northern Ocean Says Wintershall Terminated West Mira Contract
- NOEJ GY : Norma 1Q Revenue EU286.4M Vs. EU253.6M Y/y
- OCY NO : Ocean Yield 1Q Ebitda Misses Estimates
- PCELL SS : PowerCell Sweden AB: PowerCell receives order for PowerCell S3 from Bosch at a total value of MSEK 25
- RAA GY : Rational 1Q Sales EU168M Vs. EU181.3M Y/y
- RDSA LN : Shell Sells U.S. Refinery for $350 Million in Latest Divestment
- ENR GY : Siemens Energy Narrows FY Nominal Revenue Forecast
- SOLB BB : Solvay 1Q Adjusted Ebitda Beats Estimates
- UPONOR FH : Uponor Extends Savings Target to EU25m by End 1H 2022
- VLA FP : Valneva: Offering Price/Shr Between EU10 and EU12
- VOW3 GY : U.K. Car Sales Rose 30-Fold in April From Pandemic Low Point