Most Asian stocks rose Monday amid an ongoing rally in Japan sparked by the planned exit of the prime minister and as traders mulled slower U.S. hiring that may delay a reduction in Federal Reserve stimulus.
MSCI Inc.’s Asia-Pacific gauge climbed for a seventh session, the longest streak since January. Japan was up more than 1% to a 31-year high on hopes of better pandemic management and more spending by Prime Minister Yoshihide Suga’s successor.
U.S. equity futures fluctuated. The S&P 500 was little changed Friday, the Nasdaq 100 edged up to a record and Treasury yields rose as investors digested disappointing U.S. payroll growth and faster-than-projected wage increases. U.S. markets are closed Monday for the Labor Day holiday and there is no Treasuries cash trading.
Aluminum extended its surge on political unrest in Guinea, which fueled concerns over supply of the raw material needed to make the metal. Australia’s dollar slid as rising virus cases stoke questions about whether the central bank will delay a plan to taper bond purchases. A gauge of the U.S. dollar ticked up.
Nikkei +1.78% Hang Seng +0.83% CSI +1.90% Shanghai +0.96% Shenzen +1.55%
Eur$ 1.1869 CNH 6.4461 CNY 6.4539 JPY 109.79 GBP 1.3850 CHF 0.9148 RUB 72.9307 TRY 8.3258 WTI$ 68.42 -1.26% Gold 1,825.75 -0.11% BTC 51,780 +110 ETH 3,930 -40~
S&P +0.02% Nasdaq +0.13% EuroStoxx +0.13%FTSE +0.11% Dax +0.11% CAC SMI
Macro :
- Cars Emerge From Covid With Virus-Shielding Pitch: Munich Update
- Ether Briefly Tops $4,000 as Upgrade, NFT Momentum Gathers Pace
- Ceridian HCM, Brown & Brown, Match Group to Join S&P 500
- Unum, NOV Inc, Perrigo, Tandem Diabetes to Join S&P Midcap 400
- Hedge Funds Slash Exposure to U.S. Stocks That Count on China
- U.K. New Car Registrations Fell About 22% in August, SMMT Says
Keep an eye on :
- AIR FP : Airbus, Zalando, HelloFresh to Join DAX Index, Qontigo Says
- AIR FP : London City Flights Return in Sign of Pickup in Banking Trips
- ASA NO : Atlantic Sapphire Restores Normal Production at U.S. Facility
- AZELIS IPO BB : Azelis Intends to Raise About EU880m in Brussels IPO
- AZM IM : Azimut Hires New Brazil Wealth Management Chief Executive
- BEI GY : +ve Barrons article - pdf attached
- BMW GY : BMW Orders Up $24 Billion Worth of Batteries as EV Demand Grows
- CON GY : Continental CEO Open to Acquisitions, Unit Sales, WamS Reports
- CON GY : Vitesco Sees Mid-Term EV Business Sales of EU2B, FAS Reports
- DAI GY : Mercedes Boss Warns Chip Shortage Won’t Just Go Away Next Year
- DAI GY : Mercedes Readies E-Class’s Electric Sibling to Bolster Overhaul
- DPH LN : Dechra Pharma FY Adjusted Pretax Profit Meets Estimates
- RACE IM : Italy Seeks to Shield Supercars From Combustion Engine Ban
- FLS DC : FLSmidth’s Purchase of TK Mining to Exclude India Activities
- IBE SM : Spain Readies Power Prices ‘Shock Plan,’ Ribera Tells Expansion
- IPH FP : Innate Pharma Shares Nearly Double, Adding to Thursday Gains
- LDO IM : Leonardo CEO Sees DRS Unit IPO as Soon as Conditions Allow
- NRWN SW : Newron First Potential Pivotal Evenamide Study for Schizophrenia
- NB2 GY : Northern Data to Buy Bitcoin Miner for up to $475m in Stock
- NOS PL : NOS Says Mubadala Investment Co. Holds 2% Stake
- RDSA LN : Watch European Energy Stocks as Oil Drops After Saudi Price Cut
- SPSN SW : Swiss Prime Site Eyes Expansion in Office Property Business: FuW
- SUN SW : Sulzer Confirms Intention to List Medmix Shares on SIX Exchange
- TSLA US : Tesla to Get 1.14 Billion-Euro German Subsidy, Tagesspiegel Says
- TIT IM : Telecom Italia to Join Bidding for Italy’s Cloud Services Hub
- TKA GY : FLSmidth’s Purchase of TK Mining to Exclude India Activities (1)
- TTE FP : Iraq, TotalEnergies Agree $27 Billion of Oil, Solar Projects
- TTE FP : Watch European Energy Stocks as Oil Drops After Saudi Price Cut
- UCB BB : UCB Bimzelx Gets Positive Health Tech Assessment in U.K.
- VEON US : Veon to Sell Russian Tower Assets to Service-Telecom for $970m
- VOW3 GY : VW’s Self-Driving Partner Closing In on German Public Road Tests
- ZAL GY : Airbus, Zalando, HelloFresh to Join DAX Index, Qontigo Says (1)