U.S. futures climbed with Asian stocks amid expectations that President-elect Joe Biden has a clearer path to boosting fiscal stimulus after key elections. Treasuries held losses on concern about a rising debt burden and the risk of faster inflation.
A gauge of Asia-Pacific shares was on track for another record Thursday, while S&P 500 and Nasdaq 100 futures also advanced. The Democrats’ victory in two key Georgia runoffs gives them control of the U.S. Senate and has reignited the so-called reflation trade that bets on a global recovery from the pandemic.
Earlier, the S&P 500 trimmed an advance of as much as 1.5% but still closed in the green, after protesters stormed the U.S. Capitol. Calm was later restored. Elsewhere, the dollar ticked higher. Oil rose and gold was little changed.
Hong Kong missed out on the Asia rally, weighed down by declines in Alibaba Group Holding Ltd. and Tencent Holdings Ltd. after reports that the Trump administration may bar investments in China’s two most valuable companies. The New York Stock Exchange’s plan to delist three major Chinese telecommunications firms also sapped sentiment.
US After Hours PLUG +1.4% is halted, but announced SK Group will make a $1.5 bln investment in PLUG; BLNK -6.1% on stock offering
Nikkei +1.60% HAng Seng -0.38% CSI +1.71% Shanghai +0.67% Shenzen +0.18%
Eur$ 1.2320 CNH 6.4395 CNY 6.4570 JPY 103.29 GBP 1.3581 CHF 0.8790 RUB 73.87 TRY 7.2787 WTI$ 51.17%
S&P +0.78% NAsdaq +0.94% EuroStoxx +0.42% FTSE +0.83% Dax +0.64% SMI +0.01%
Macro :
- EU May Soon Approve New Use of Pfizer’s Covid Vaccine: Reuters
- Bitcoin Rises 7.7% to $36,396, Hits Record High; XRP Up 11%
- Majority of French Favor Getting Covid-19 Vaccine, Poll Shows
- Trump Suspended by Twitter, Facebook, Snap in Riot’s Wake (1)
Keep an eye on :
- BABA US : China ADRs Sink After Report U.S. Eyeing Alibaba, Tencent Bans
- ARGX BB : Argenx, Zai Lab in Pact for Efgartigimod in Greater China
- BAYN GY : Bayer, CureVac Agree Global Covid-19 Vaccine Partnership: Bild
- BLNK US : Blink Charging to Offer 5m Shares via Barclays
- ALCAR FP : Carmat Targeting Gross Margin of 70% in 5 Years, CEO Piat Says
- AM FP : Dassault Aviation: Delivered 13 Export Rafale in 2020
- DBV FP : DBV Restructuring Approved, Sees Cash Lasting Until 2H 2022
- DHER GY : Delivery Hero Offering Prices 9.44m Shares at EU132/Share
- EDF FP : EDF Unions Call for New Strike on Jan. 19 Against Group Reforms
- GFS LN : Garda World Says Offer for G4S Remains Open Until Jan. 27 (1)
- ICP LN : PE Companies Prepare Bids for KPMG U.K. Restructuring Arm: Sky
- IPO LN : IP Group Portfolio Co Hinge Health Closes $300m Funding Round
- KAMBI SS : Kambi Sees ´Particularly Strong´ 4Q Operator Trading Margin
- LHN SW : Lafarge Sees Polish Cement Demand Falling 5%-10% in 1H: RP.PL
- MKS LN : Marks & Spencer’s Irish Stores Facing Some Shortages Post-Brexit
- NEX LN : National Express UK Coach to Suspend Services Starting Jan. 11
- NDX1 GY : Nordex Gets wpd Turbine Order for 188MW in Finland
- SGO FP : Saint-Gobain Sees 4Q Sales ‘Significantly’ Beating Expectations