Asian stocks declined as fresh doubts emerged on whether the Federal Reserve has finished tightening policy, while the Australian dollar retreated after the central bank raised interest rates. An Asian equity benchmark was set to snap a four-day winning streak as major indexes traded lower. South Korea’s Kospi Index fell over 3% after jumping by the most since 2020 on Monday following a renewed ban on short-selling. Contracts for US stocks slipped. Traders are predicting the Fed will lean against the recent easing in financial conditions by saying it will keep its options open on policy. Minneapolis Fed President Neel Kashkari said it’s too soon to declare victory over inflation, despite positive signs that price pressures are easing, and a host of Fed officials — including Chair Jerome Powell — are due to speak over the next few days. Treasuries steadied after yields rose across the curve on Monday. Ten-year yields jumped eight basis points as sentiment was dented by a heavy slate of corporate debt sales and traders readied for a series of auctions beginning Tuesday. The dollar edged higher. Swaps are pricing in more than 100 basis points of rate cuts by the Fed by the end of 2024 from an expected peak rate of 5.37%. On Monday, investors also waded through the Senior Loan Officer Opinion Survey — known as SLOOS — which showed tighter standards and weaker demand persist at US banks. Meanwhile, China reported a deeper-than-expected decline in exports for October that highlighted continued slowdown in global trade and its own fragile economic recovery. The offshore yuan was little changed after the figures were released. oil edged lower as an uncertain demand outlook and fresh doubts on the end of Fed’s tightening outweighed Saudi Arabia and Russia’s extension of supply cuts. US After Hours VMEO +16.1%, TRIP +12%, JELD +6.5% making nice moves following earnings; AMRC -11.7%, SANM -10.1% struggling after earnings; KMI -0.2% steady on NexEra Energy (NEE) M&A news.
Nikkei -1.34% Hang Seng -1.47% CSI -0.34% Shanghai -0.02% Shenzen +0.14%
Eur$ 1.0704 CNH 7.2883 CNY 7.2819 JPY 150.36 GBP 1.2322 CHF 0.9008 RUB 92.5908 TRY 28.4675 WTI$ 79.94 -1.08% Gold 1,971 -0.34% BTC 34,960 -0.21% ETH 1,894 +0.09%
S&P -0.27% Nasdaq -0.23% EuroStoxx -0.41% FTSE -0.24% Dax -0.35% SMI -0.19%
Macro :
- JPMorgan’s Kolanovic Says ‘Knee-Jerk’ Equities Rally Won’t Last
- FTSE's 10x P/E Looks Low But 4.3% 10-Year Brings Double Whammy
- Citadel’s Griffin Says Global Investors Have to Invest in China
Keep an eye on :
Keep an eye on :
- AIBG ID : Ireland Plans to Sell About 5% Stake in AIB Group: Terms
- ABNB US : Italy Seizes €779m From Airbnb, Alleging Unpaid Taxes
- AOX GY : Alstria Office 9M Revenue EU142.1M Vs. EU137.1M Y/y
- AMS SM : Amadeus 3Q Adjusted Profit Beats Estimates
- AMS SM : Amadeus to Buy Back Up To 8.81m Shares for Up To EU625.3m
- BAKKA NO : Bakkafrost 3Q Operating Ebit Misses Estimates
- BIRK US : Birkenstock IPO Was Too High, Say Some Banks That Took It Public
- CAP FP : Capgemini 3Q Revenue Meets Estimates
- CPRI US : Capri Slides on FTC Requests for More Info on Tapestry Deal
- CGG FP : CGG 3Q Segment Revenue Beats Estimates
- CGG FP : CGG 3Q Segment Revenue Beats Estimates
- CLASB SS : Clas Ohlson Oct. Online Sales +17%
- CNHI US : CNH Industrial announces voluntary delisting from Euronext Milan and single listing on the New York Stock
- CPG LN : Compass Sees 4Q Revenue $1.1B to $1.2B, Est. $1.12B
- DTG GY : Daimler Truck Confirms Guidance Despite Industrial Slowdown
- DEMANT DC : Demant Narrows FY Organic Revenue Forecast
- DB1 GY : Deutsche Börse Plans to Buy Back €300 Million of Shares
- ZIL2 GY : ElringKlinger 3Q Ebit Misses Estimates
- ENEL IM : UOL Brasil: Ministry of Justice gives Enel 24 hours to provide information about blackout in São Paulo
- ENGI FP : Engie Boosts FY Recurring Net Income Forecast
- EVK GY : Evonik 3Q Adjusted Ebitda Beats Estimates
- FRA GY : Fraport 3Q Ebitda Beats Estimates
- GT US : Goodyear 3Q Net Sales Misses Estimates
- ICOS IM : Intercos Revenue Beats, Ebitda a Slight Miss
- KPN NA : KPN Sees 2024 Adj. EBITDA AL About EU2.48B, Est. EU2.57B
- MC FP : Birkenstock IPO Was Too High, Say Some Banks That Took It Public
- KN FP : Natixis Sees Opportunities in Japan as Bond Yields Rise
- NEXI IM : CPP, Francisco Partners Among Firms Interested in Nexi: MF
- NOEJ GY : Norma Maintains FY Adjusted Ebit Margin Forecast (1)
- NOVOB DC : Novo Nordisk Initiates New Share Buyback of Up To DKK 4.1b
- OCI NA : OCI 3Q Adjusted Ebitda Misses Estimates
- PGHN SW : Partners Group Is Said in Talks to Buy Pipeline Inspector Rosen
- PSPN SW : PSP Swiss Maintains FY Adjusted Ebitda Forecast, Beats Estimates
- PST IM : Poste Italiane Boosts FY Ebit Forecast, Beats Estimates
- RAA GY : Rational 3Q Ebit Beats Estimates
- SAN FP : Rational 3Q Ebit Beats Estimates
- SHEIN IPO : Shein Is Said to Target Up to $90 Billion Valuation in US IPO
- SINCH SS : Sinch 3Q Ebitda Misses Estimates
- STORB SS : Storskogen 3Q Ebit Misses Estimates
- TIT IM : Telecom Italia Signed Transaction Pact With KKR on Netco
- O2D GY : Telefonica Deutschland 3Q Adjusted Oibda Meets Estimates
- TEP FP : Teleperformance SE 3Q Revenue Misses Estimates
- TOBII SS : Tobii 3Q Operating Loss SEK69M, Est. Loss SEK43.7M
- UBSG SW : UBS 3Q Net Loss $785M
- UBSG SW : UBS’s Kelleher Says Next Crisis Could Happen in Shadow Banking
- WEW GY : Westwing Group Sees FY Adjusted Ebitda EU13M to EU19M
- WE US : WeWork’s Anticipated Bankruptcy Is Disappointing, Neumann Says
- XPP LN : XP Power to Raise Up to £45.4m Gross in Share Issue
- XPP LN : XP Power to Raise Up to £45.4m Gross in Share Issue