Asian stocks and U.S. futures dipped Wednesday as Treasury yields extended an advance amid a surge in energy costs that threatens to stoke inflationary pressures. The dollar ticked higher.
MSCI Inc.’s Asia-Pacific index slid for a fourth session, including retreats in Japan and Hong Kong, contrasting with an overnight Wall Street rebound spurred by bargain-hunting in beaten-down technology stocks. S&P 500, Nasdaq 100 and European equity futuresall declined.
The 10-year Treasury yield and the 30-year yield both reached the highest since June. Faster-than-expected U.S. service-sector activity and price pressures from spiraling costs for crude oil and natural gas are adding to the case for a reduction in Federal Reserve bond-buying.
Traders are awaiting jobs data this week for more clues about the Fed policy outlook. In New Zealand, the central bank raised interest rates for the first time in seven years and signaled more tightening, whipsawing the currency.
Volatility has picked up in global markets as investors brace for a slower but still robust economic recovery from the pandemic and gradual monetary-policy tightening to contain the cost of living. U.S. political gridlock over the nation’s debt ceiling and President Joe Biden’s wider economic agenda is contributing to the uncertainty.
US After Hours SWX -3.4% falls a bit on its purchase of Questar Pipelines from D; HOV -3.5% down on lowered guidance; PLTR +13.7% higher on US Army win
Nikkei -0.94% Hang Seng -0.31% CSI +0.67% Shanghai +0.90% Shenzen +2.04%
Eur$ 1.1585 CNH 6.4522 CNY 6.4448 JPY 111.76 GBP 1.3605 CHF 0.9297 RUB 72.46 TRY 8.8949 WTI$ 79.28 +0.43% GOLD 1,751.39 -0.50% BTC 51,580 +0.22% ETH 349 -0.97%
S&P -0.45% Nasdaq -0.59% EuroStoxx -0.85% FTSE -0.70% Dax -0.77% SMI -0.39%
Macro :
- A Surprise Default in China Worsens Evergrande Contagion Fears
- European Firms Mull Moving Staff From Hong Kong, Chamber Says
- Bitcoin Bulls Eye Fresh Peaks After Bucking Global Market Swoon
- Draghi Pushes Ahead With Italy Reform a Day After Local Vote
- Noma Is the Best Restaurant in the World Again, Says Top 50 List
- Main Capital Raises EU1.2b for Two Technology Investment Funds
Spac :
- Avalon Acquisition Prices Upsized $180m SPAC IPO
Keep an eye on :
- AMBU DC : Ambu to Miss Full-Year Organic Revenue Growth, Earnings Guidance
- ASLR LN : YOLO Crowd Is Paring Back Its Appetite for Buying Dip
- BO DC : B&O 1Q Revenue Beats Estimates
- BAYN GY : Bayer Says It Won Roundup-Cancer Jury Trial in Los Angeles
- BPOST BB : Bpost Group CFO Leen Geirnaerdt to Leave Company
- CERV IM : Cerved Calls Shareholder Meeting for Feb. 11 on Castor Merger
- DFDS DC : Volvo Lands Order for 100 Electric Trucks in ‘Breakthrough’ Deal
- DTE GY : Deutsche Telekom Shares Offered via GS in Softbank Deal: Terms
- DTE GY : T-Mobile Cuts Home Internet Price by 17% to Dislodge Cable
- FB US : Telegram Sees Record 70m New Users During Facebook Outage
- GN DC : GN to Buy Gaming Gear Maker SteelSeries for DKK8 Bln in EV Value
- ICAD FP : Icade Postpones Icade Sante’s IPO Pending Market Conditions
- BMPS IM : Monte Paschi Concludes Sale of Over 36 Million Own Shares
- NETC DC : Netcompany Shares Decline on Potential Acquisition of Intrasoft
- 7974 HK : Cathie Wood Dumps Most of Her Nintendo Stock Before OLED Launch
- RET BB : Retail Estates to Issue 560,689 New Shares at EU63.95/Share
- RXL FP : Rexel to Buy Mayer; Enterprise Value of $456m (1)
- Rivian IPO; Soros Fund Hopes Rivian IPO Prices at Value Below $80 Billion
- SYAB GY : Synlab Lifts Outlook Again as Delta Variant Drives Testing Surge
- TEF SM : Telefonica Spain Fiber Stake Sale Boon for Deleveraging: React
- TERB BB : Ter Beke in Talks to Buy Imperial Meat Products and Stegeman
- TSCO LN : Tesco 1H Revenue Meets Estimates
- HO FP : Thales, Google Cloud to Develop “Trusted Cloud” in France
- TUI1 GY : Travel Operator TUI Plans $1.3 Billion Stock Sale to Cut Debt
- UBI FP : A Free-to-Play Ghost Recon May Lift Ubisoft Sales Growth: React
- UNI SM : Unicaja Tells Unions of Plans for 1,513 Job Cuts: Confidencial
- VOW GY : VW Mexico Extends Partial Production Stop: Reuters
- WBD IM : Webuild Subsidiary Lane Wins $441m Contract for Highway in U.S.