A rally in Chinese shares Monday helped to limit a drop in Asian stocks, while global sovereign bonds remained under pressure amid intensifying bets on monetary-policy tightening to fight inflation. A Chinese equity benchmark climbed about 2% after reopening from a holiday, playing catch-up to last week’s gains in global equities. But a Hong Kong technology gauge retreated, sapped by Alibaba Group Holding Ltd. on speculation SoftBank Group Corp. may sell some of its shares in the firm. S&P 500, Nasdaq 100 and European futures rose. The dollar ticked up, the euro slipped and commodity-linked currencies were higher. Oil’s rally paused at $92 a barrel. Markets now expect more than five quarter-point Federal Reserve interest-rate hikes in 2022 to quell inflation following a strong U.S. jobs report. Elsewhere, European Central Bank Governing Council Member Klaas Knot said he expects a rate increase as early as in the fourth quarter. The ECB last week made a hawkish pivot, with President Christine Lagarde no longer excluding a rate hike this year. That has pressured European sovereign debt. Meanwhile, Bitcoin climbed above $42,000 to the highest in over two weeks. China locked down a city of 3.6 million people.
Nikkei -0,70% Hang Seng -0,25% CSI +1,54% Shanghai +2,à3% Shenzen +1,04%
Eur$ 1,1429 CNY 6,3583 CNH 6,3618 JPY 115,27 GBP 1,3540 CHF 0,9244 RUB 75,725 TRY 13,5473 WTI$ 91,62 -0,8% Gold 1,811,40 BTC 42,640 +2% ETH 3075 +1,8%
S&P +0,16% Nasdaq +0,30% EuroStoxx +0,81% FTSE +0,45% Dax +0,79% SMI +0,50%
Macro :
- Quant Fund Up 11% in January Bets Value Will Win for Two Years
- U.K. in Talks With Macquarie For GBP10b Investment, Sky Reports
- Goldman Team Says U.S. Small Caps Are Set to Lag Larger Peers
Keep an eye on :
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- ARL GY : Advent, Centerbridge Offer for Aareal Fails to Meet Threshold
- NDA GY : Aurubis Maintains FY Pretax Operating Profit Forecast
- BCP PL : BCP Says It Complies ‘Comfortably’ With Capital Requirements
- BOY LN : Bodycote CFO Dominique Yates Plans to Retire
- BLND LN : British Land Signs 85,000 SQ FT of New Aldi Space Across Retail
- CARLB DC : Carlsberg Says Local Production Cuts Geopolitical Risk: Borsen
- CEC GY : Ceconomy 1Q Adj. Ebit EU274M, Est. EU289M
- CERV IM: Castor Bidco to Hold 99.6% of Cerved’s Share Capital
- O5G GY : S Immo Holder CPI Property Increases Its Shareholding to 16.06%
- EDP PL : EDP Says China Three Gorges Holds 20.2% of Portuguese Utility
- ENX FP : Euronext Jan. Total Cash Market Transaction Value M/M +25%
- EO FP : Faurecia Targets Sales Above EU33B in 2025 After Hella Deal
- KCR FH : EU Set to Clear Konecranes-Cargotec Deal With Conditions: Rtrs
- PTON US : Nike Evaluates Bid to Buy Peloton, Financial Times Says
- PTON US : Peloton Draws Interest From Suitors Including Amazon: DJ --> +22% in After Hours
- RKT LN : Reckitt Benckiser Is Said to Weigh Sale of Infant Nutrition Unit
- SPI AV : S Immo Holder CPI Property Increases Its Shareholding to 16.06%
- WAF GY : GlobalWafers Sees Chip M&A Getting Harder After Failed Bid
- 9984 JP : Alibaba SEC Filing May Signal SoftBank Plans to Sell, Citi Says
- UBSF SW : UBS’s Lovell Says Use Stock Volatility to Move Up in Quality
- ULVR LN : Two Big Unilever Investors Push for Split or New Chair: FT
- VOW GY : VW Battle Brews as Lingering Chip Shortage Hits Workers’ Wallets
- WIZZ LN : Danish Fund to Sell Wizz Air Shares in Spat Over Unionization