Stocks in Asia were mixed following declines in the US while the yuan fluctuated as investors balanced signs China would further loosen Covid restrictions with underwhelming trade data. Equity benchmarks in Australia and Korea fell, shares in Hong Kong and mainland China wavered and Japanese equities clung to a small advance. Futures contracts for European stocks and the S&P 500 edged higher. The US stock benchmark fell 1.4% Tuesday for its fourth consecutive decline, the worst run in a month. Weaker-than-expected imports data for China showed sluggish domestic demand, while exports also fell more than expected. The offshore yuan gave up its gains, after advancing earlier on reports China would allow home quarantine of some infected people in the latest relaxation of pandemic rules. The dollar and Treasuries held on to Tuesday gains. Australian bonds followed the rally in Treasuries wiping 5 basis points from the 10-year yield to 3.35%. The Australian dollar maintained its advance after third-quarter gross domestic product missed estimates. Wall Street turned risk-off as a host of US banks sounded the alarm about the gloomy outlook. Goldman Sachs Group Inc.’s David Solomon warned about pay and job cuts, citing “some bumpy times ahead.” Bank of America Corp. is slowing hiring ahead of a possible economic contraction. Morgan Stanley will reduce its global workforce, while JPMorgan Chase & Co.’s Jamie Dimon told CNBC a “mild to hard recession” may hit next year. Oil fell further after touching the lowest level since last December on Tuesday as investors pared back crude positions amid a broader market sell-off. The decline for West Texas Intermediate, which settled near $74 on Tuesday, erased all of this year’s gains.
Nikkei -0.72% Hang Seng -0.60% CSI -0.27% Shanghai -0.46% Shenzen +0.09%
Eur$ 1.0467 CNH 6.9724 CNY 6.9808 JPY 137.32 GBP 1.2135 CHF 0.9421 RUB 63.2027 TRY 18.6342 WTI$ 74.26 +0.01% Gold 1,772.20 +0.07% BTC 17,040 +0.27% ETH 1,263 +0.060%
S&P -0.00% Nasdaq -0.03% EuroStoxx +0.00% FTSE +0.26% Dax -0.41% SMI -0.15%
Macro :
- Incoming Kraken CEO Ripley Blasts Dimon, Alleges Fraud at FTX
- BofA Institutional Clients Bought Stock for Fourth Straight Week
- BofA Institutional Clients Bought Stock for Fourth Straight Week
- *CHINA NOV. TRADE BALANCE $69.84 BLN; EST. $78.05 BLN
Keep an eye on :
Keep an eye on :
- AIR FP : Airbus Looks to Finally Beat Boeing With New Jet to Rival 737
- AIR FP : Airbus Cuts Full-Year Delivery Target Amid Supply Glitches
- AAPL US : Apple Scales Back Self-Driving Car and Delays Launch Until 2026
- MT NA : Itochu to Acquire Stake in ArcelorMittal Mining Canada
- BBVA SM : *BBVA PLANS TO ISSUE DEBT FOR €8B IN 2023: EXPANSION
- BHG SS : BHG Group Offers Up to SEK800 million Shares
- BMPS IM : Giorgetti Confirms Italy Wants Orderly Exit From Monte Paschi
- BC IM : Brunello Cucinelli Sees FY Revenue About +28%
- CLASB SS : Clas Ohlson 2Q Operating Profit Misses, Starts Cost Savings
- COLOB DC : Danish Billionaire Buys Shares in Coloplast for $7 Million
- ACA FP : Crédit Agricole Sells 63.7% of Crédit Du Maroc Stake; No Terms
- DEMANT DC : UK CMA May Refer Cochlear-Oticon Deal to In-Depth Probe
- DWS GY : DWS Targets EPS of EU4.50 by 2025, Might Sell Businesses
- EAPI FP : EuroAPI Cuts FY Guidance On Temporary Prostaglandin Suspension
- EXO NA : Exor to Replace Just Eat Takeaway in AEX-Index, Euronext Says
- TKWY NA : Exor to Replace Just Eat Takeaway in AEX-Index, Euronext Says
- PGS NO : PGS and TGS Expand MultiClient Coverage Offshore Brazil
- PHARM NA : Pharming Announces Positive Phase 3 Results of Leniolisib Trial
- PRX NA : Prosus Values Business at $31 Billion Excluding Tencent Stake
- SAN FP : Zantac Litigation Tossed by US Judge After Ruling on Experts
- TEP FP : Teleperformance Hires Bureau Veritas for Colombia Work Report
- TWTR US : Vestager Says ‘A Lot Can Happen’ at Twitter Ahead of EU Rules
- UCB BB : UCB Says Two Bimekizumab Phase 3 Studies Met Primary Endpoint
- VNCE US : Fashion Brand Vince Is Said to Explore Options Including Sale
- VRLA FP : Verallia to Buy Back Shares up to EU50m
- VOD LN : Vodafone and Three UK Battle Roadblocks to Mobile Tie-Up