Treasuries declined with U.S. equity futures Wednesday amid concerns about the implications of a potential Democrat victory in a tight Senate race in Georgia. Asian stocks were mixed.
The yield on 10-year Treasuries rose past 1% for the first time since March and S&P 500 contracts retreated. Nasdaq 100 futures tumbled more than 1%. Democrat Raphael Warnock edged ahead of incumbent Senator Kelly Loeffler in one of the two Senate runoffs, lifting the party’s hopes for retaking the chamber from the GOP even as the two races remained too close to call. Some strategists argue that a Democratic double win would mean additional stimulus, tax hikes and more regulation. The dollar was little changed after touching its lowest since February 2018 against major peers.
Stocks saw a modest advance in Japan, while South Korea’s Kospi index topped the 3,000 level for the first time before paring gains. Australia fell. Shares in Hong Kong fluctuated amid sweeping arrests under a national security law. Chinese equities traded around a 13-year high, shrugging off concerns after President Donald Trump signed an order banning U.S. transactions with eight digital Chinese payment platforms including Ant Group Co.’s Alipay.
US After Hours CALM +4.6% higher on strong earnings; SGH -0.2% basically flat on earnings; NEO -4.8% falls on offering
Nikkei -0.38% Hang Seng -0.04% CSI +0.69% Shanghai +0.41% Shenzen -0.29%
Eur$ 1.2322 CNH 6.4358 CNY 6.4558 JPY 102.74 GBP 1.3643 CHF 0.8774 RUB 73.6063 TRY 7.3654 WTI$ 50.17 +0.48%
S&P -0.14% Nasdaq -1.17% EuroStoxx +0.99% FTSE +0.87% Dax +0.87% MIB +0.98% SMI +0.54%
Macro :
- NYSE Weighs Reverting to Original Plan to Delist China Shares
- Norway Seafood Exports Dropped 1% in 2020 From Record
- 5G Upgrade Offers Chance For Greater Cloud Profits
Keep an eye on :
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