Asian stocks dipped Friday and U.S. futures were steady as a global equity rally paused. Sovereign bonds held gains after investors scaled back expectations about monetary-policy tightening to quell inflation.
Shares fell in Japan and Hong Kong, where developer Kaisa Group Holdings Ltd. and its Hong Kong-listed units were suspended from trading in the latest sign of stress from China’s troubled property sector. S&P 500, Nasdaq 100 and European futures fluctuated after tech shares led Wall Street to a record high.
Crude oil advanced. Saudi Arabia and its OPEC+ allies rebuffed U.S. President Joe Biden’s pleas for a large production boost. That leaves Biden with the option of tapping the U.S. strategic reserve.
The focus turns to the U.S. jobs report due Friday since the level of progress on employment could shift views on monetary policy again, heralding further volatility in the bond market. Stocks are riding out such gyrations so far: solid U.S. earnings appear to have reassured investors that the economic recovery can weather pandemic-related supply chain and labor disruptions.
China’s government bonds were set for their biggest weekly advance since July after the nation’s central bank increased its injection of short-term cash.
US After Hours EXPE +12.7%, DDOG +11.3%, SYNA +6.8%, YELP +5.2%, UBER +1% are higher; PTON down big -27.7% on weak outlook; CGNX -13.4%, OLED -4.9%, SQ -4.7% also lower
Nikkei -0.61% Hang Seng -1.19% CSI -0.22% Shanghai -0.70% Shenzen -0.44%
Eur$ 1.1556 CNH 6.4002 CNY 6.4009 JPY 113.64 GBP 1.3494 CHF 0.9126 RUB 71.8633 TRY 9.7347 WTI$ 79.24 +0.55% Golds 1,796.45 +0.25% BTC 62,300 +1.5% ETH 4540 +0.50%
S&P -0.04% Nasdaq +0.01% EuroStoxx +0.03% FTSE -0.20% DAX -0.11% SMI
Macro :
- Xi, Biden Likely to Agree on Reopening Consulates, Politico Says
- A Squeeze on Lithium Has Top Producer ‘Going as Fast as We Can’
- Lazard’s Ken Jacobs Says Biden Antitrust Rules Discourage M&A
- Here’s Where Xi May Strike Next in China’s Regulatory Crackdown
- Battered Bond Traders Brace for Whiplash From U.S. Payrolls
- Billionaire Rokke Adds Private Equity in Asset Management Push
Keep an eye on :
Keep an eye on :
- AIR FP : Air Lease Says Demand For Jets is Soaring Above Pre-Covid Levels
- AIR FP : Boeing Shareholders Reach Settlement in 737 MAX Board Oversight Suit
- AKER NO : Aker Board Approves Dividend of NOK11.75 a Share
- AKER NO : Aker 3Q Net Asset Value Per Share NOK953
- AKH NO : Aker Horizons Offering of 29m Shares Prices at NOK34.5/Share
- ANDR AV : Andritz 3Q Ebita Meets Estimates
- AOW NO : AOW, Ocean Winds, Statkraft Partner for Floating Offshore Wind
- ATUS US : Altice USA 3Q Revenue Beats Estimates
- AMS SM : Amadeus 3Q Revenue Misses Estimates
- CS FP : Axa 9M Revenue EU76B Vs. EU73.4B Y/y
- CS FP : Axa 9M Revenue EU76B Vs. EU73.4B Y/y
- CS FP : AXA to Buy Back Shares for as Much as EU1.7B
- BAMI IM : Banco BPM 3Q Net Income Beats Estimates
- BAMI IM : Banco Bpm Sees Over EU1b Net Profit in 2024 in New Plan
- BATS LN : BAT Seeks Cigarette Tax Hike in Japan, Jiji Says
- BORR NO : Borr Drilling 3Q Operating Revenue $73.0M Vs. $54.8M Q/q
- CABK SM : *CAIXABANK SELLS EU400M OF UNPAID LOANS: EL CONFIDENCIAL
- CO FP : Casino 3Q Revenue Beats Estimates
- CO FP : Casino to Take Stake in Quick-Commerce Player Gorillas
- CGP LN : GCP Falls to 1-Year Low as 3Q Margins Shrink From Year Earlier
- CLSB SS : Clas Ohlson Oct. Sales +3%
- CC US : Chemours Boosts FY Adjusted Ebitda Forecast, Beats Estimates
- CSGN SW : Credit Suisse Faces U.S. Probe Into 2014 Plea Deal, Filing Says
- CTT PL : CTT 9M Net Income EU26.3M Vs. EU4.3M Y/y
- DBHN GY : Germany’s Greens, FDP Mull Breaking Up Deutsche Bahn: Spiegel
- DOV I M : DoValue 9M Gross Rev. EU385.9M Vs. EU282.4M Y/y
- DBX US : Dropbox 3Q Adjusted EPS Beats Estimates (1)
- EDP PL : EDP 9M Net Income EU510M Vs. EU422M Y/y
- EBS AV : Caixabank to Sell About 23.3M Erste Group Shares: Terms
- ENEL IM : Enel 9M Adjusted Ebitda EU12.63B
- ENGI FP : Naturgy, ERG, Verbund, Engie Place Final Bids for Eolia: Cinco
- ECMPA NA : Eurocommercial 9M Net Property Income EU119.8M
- ENX FP : Euronext 3Q Ebitda Misses Estimates
- EQNR NO : Equinor Reboots Bay du Nord Project off Newfoundland: Upstream
- G1A GY : GEA Group 3Q Adjusted Ebitda Beats Estimates
- GLPG NA : Galapagos 9M Operating Loss EU175.7M Vs. Loss EU167.7M Y/y
- GBLB BB : GBL 3Q Net Assets EU22.49B Vs. EU23.06B Q/q
- GMAB DC : Genmab Boosts FY Revenue Forecast
- GLEN LN : Glencore Agrees to Sell Chad Upstream Oil Assets to Perenco
- GLEN LN : Glencore Agrees to Sell Chad Upstream Oil Assets to Perenco
- IBE SM : U.K. Energy Suppliers’ Ranks May Shrink to a Handful, CEO Says
- INW IM : INWIT 3Q Net Income Beats Estimates
- INTER NA : Hawk Ridge Recommends Intertrust Explore Strategic Alternatives
- DEC FP : JCDecaux 3Q Adjusted Revenue Beats Estimates
- KRN GY : Krones 3Q Ebitda Beats Estimates
- LDO IM : Leonardo 3Q Ebita Misses Estimates
- LGF/A US : Lions Gate Mulls Starz Spinoff to Boost Studio Value: React
- MS IM : Berlusconi’s Mediaset Says Is Long-Term Investor in ProSiebenSat
- BMPS IM : Monte Paschi 3Q Revenue Misses Estimates
- NETC DC : Netcompany CFO Thomas Johansen Sells 6,000 Shares
- NOVN SW : Novartis: Iptacopan Meets Primary Endpoints in Phase II Study
- ONCO SS : Oncopeptides Reduces Clinical Development Program With Melflufen
- ORA FP : Orange Is Interested in Buying Inetum, L’Agefi Reports
- PRY IM : Prysmian: EU630m Award for Submarine Cable From Dominion Energy
- PSM GY : Berlusconi’s Mediaset Says Is Long-Term Investor in ProSiebenSat
- RLF SW : Relief Says FDA Declined EUA Request for Zyesami for Covid-19
- RGD LN : *REAL GOOD FOOD IPO PRICES 5.33M SHARES AT $12.00 EACH
- RHM GY : Rheinmetall 9M Operating Profit EU297M Vs. EU205M Y/y
- SAMPO FH : Sampo Holder Solidium Offers 11m Shares via Morgan Stanley
- SELM PL : Semapa 9M Net Income EU122.2M Vs. EU72.8M Y/y
- SGSN SW : SGS Signs EU1B Sustainability-Linked Revolving Credit Facility
- SIFG NA : SIF 3Q Ebitda EU7.8M Vs. EU5.8M Y/y
- SPIE FP : Spie Boosts FY Ebita Margin Forecast
- SQ US : Square Might Have a Bitcoin Problem: Tae Kim
- STM FP : STMicro to Double Europe Production Capacity, CEO Tells Tribune
- SEV FP : ACCC Consults on Veolia’s Divestiture Offer for Suez Deal
- TSLA US : Tesla Scraps Zero Down Payment in China to Ensure Delivery: News
- UBER US : Uber Falls as Ebitda View Misses; Weighs on Lyft: Snapshot (1)
- UN01 GY : Uniper’s Operating Profit Jumps 52% Amid Higher Energy Prices
- UTDI GY : United Internet Chairman Dommermuth May Buy 17 Million Shares
- VAR1 GY : Varta Cuts FY Revenue Forecast
- VOD LN : Vodafone Shares Surge Most Since Feb. After Betaville Mention