U.S. futures rose and Asian stocks were mixed Friday as investor focus turned to upcoming data from the American labor market. Treasuries steadied after declining all week. Shares climbed in Hong Kong and South Korea but slipped in Japan. S&P 500 futures saw modest gains. The U.S. benchmark closed little changed after attempting to rebound from a near 2% drop Wednesday sparked by Federal Reserve meeting minutes that suggested the central bank is ready to raise rates sooner and higher than previously expected. Ten-year Treasury yields were steady around 1.72%, set for their biggest weekly jump since 2020. The dollar edged lower, while oil climbed to a seven-week high on supply constraints. The yen pared some of its overnight gains. Gold was little changed. Bitcoin fell to its lowest level since September, dropping below $42,000. The removal of crisis-era accommodation marks a shift not seen in at least three years, a time that also saw a spike in volatility. Comments by regional Fed presidents provided some additional insight Thursday as traders attempted to predict a possible schedule for tightening. St. Louis Fed President James Bullard, a more hawkish policy maker, said in a speech the central bank could raise its target interest rate as soon as March. Meanwhile, San Francisco Fed President Mary Daly said at a virtual event that trimming the Fed balance sheet would come after normalizing the Fed funds rate. Friday’s monthly jobs report from the Labor Department is currently forecast to show that the U.S. added 405,000private payrolls in December.
US After Hours GME +30% higher on WSJ report to enter NFT, crypto; DCT +8%, QDEL +2.3% higher on eaarnings/guidance; SONO +3.9% up on NYT report that GOOG infringed
Nikkei -0.03% Hang Seng +1.65% CSI +0.31% Shanghai +0.08% Shenzen -0.73%
Eur$1.1302 CNH 6.3842 CNY 6.3760 JPY 115.88 GBP 1.3546 CHF 0.9213 RUB 76.1657 TRY 13.8020 WTI$80.07 +0.77% Gold 1,792.66 +0.08% BTC 41,450 -3.75% ETH 3,190 -6.9%
S&P +0.18% Nasdaq +0.06% EuroStoxx +0.18% FTSE +0.14% Dax +0.04% SMI +0.06%
Macro :
- Goldman Strategists See China Stocks in ‘Hope’ Phase After Rout
- Goldman Strategists See China Stocks in ‘Hope’ Phase After Rout
- Bitcoin Drops Below $42,000 to Lowest Level Since September
- China Urges Banks to Boost Property Loans as Default Fears Grow
Keep an eye on :
- MT NA : ArcelorMittal bank accounts in Ukraine frozen over tax evasion claims - FT
- ARGX BB : Argenx Expects to Utilize About Half of Available Cash in 2022
- BSLN SW : Basilea Cresemba Sales in U.S. Trigger CHF15M Milestone Payment
- BVI FP : Bureau Veritas Buys Prescience; No Terms Disclosed
- CRG IM : Cerberus Made Non Binding Offer for Italy’s Carige: Messaggero
- RE FP : Colas Wins U.K. Highway Maintenance Contract Worth ~EU400M
- CSGN SW : Credit Suisse to Reduce Hong Kong Office Occupancy to 50%
- CSGN SW : Credit Suisse Wins Court Order to Get Information from SoftBank
- ALDEI FP : Deinove Gets DSMB Go-Ahead to Continue Phase 2 Trial of DNV3837
- DBK GY : Deutsche Bank CFO ‘Very Confident’ About 2022 Rote Goal: Hb
- DTE GY : T-Mobile US Tops Estimates and AT&T in Wireless-Customer Gains
- ENG SM : *ENAGAS PROPOSES TO SELL CASTOR GAS-STORAGE PLATFORM: CINCO DIAS
- EKTAB SS : Elekta Names Tobias Hagglov as CFO
- HMB SS : H&M Keeps 120 Stores Temporarily Closed Amid Virus Restrictions
- INPST NA : InPost 4Q Parcel Volumes 180.3M vs. 105.5M Y/y
- KEYW BB : Keyware to Buy Payment Solutions With 2022 Sales of EU2.3m
- KKR US : John Legend Sells Music Catalog, Joining Dylan and Springsteen
- ORA FP : Orange CEO Race Has Narrowed to a Shortlist of Three Candidates
- SAN FP : Sanofi Allies With Exscientia in Deal Worth Up to $5.2 Billion
- SBBB SS : SBB Sees FY EPS SEK13.70 to SEK14.20, Saw SEK9.80
- SBBB SS : SBB Sees FY EPS SEK13.70 to SEK14.20, Saw SEK9.80
- SNBN SW : SNB Posts $28 Billion Profit Thanks to Foreign Currencies
- STM FP : STMicroelectronics Prelim 4Q Net Revenue $3.56B
- TW/ LN : Elliott Would Back Jenkinson as Taylor Wimpey CEO:Times
- TSLA US : CNBC: SpaceX says Starlink internet service has more than 145,000 users so far https://t.co/QT1QaXNzDR
- TRI FP : Trigano 1Q Like-for-like Sales +8.5%
- VIGL US : Vigil Neuroscience IPO of 7 Million Shares Prices at $14 Each