Asian stocks and U.S. equity futures struggled to make headway Friday as the Federal Reserve’s plan for aggressive policy tightening and China’s Covid lockdowns hung over markets. Shares fell in Japan and fluctuated in Hong Kong and China, while S&P 500 and Nasdaq 100 contracts were steady. Global equities are nursing losses for the week, hurt by the risk of an economic downturn as the Fed tackles inflation. Chinese technology stocks slid for a third day as Tencent Holdings Ltd.’s decision to shut its game streaming service further hurt sentiment in a sector already bogged down by regulatory risks. Treasuries were mixed and the bond curve remained steeper in the wake of the Fed minutes Wednesday, which outlined plans to pare the central bank’s balance sheet by more than $1 trillion a year alongside interest-rate hikes. A dollar gauge was in sight of its highest level since 2020. Oil fell, squeezed by plans to release millions of barrels of crude from strategic reserves and China’s demand-sapping virus outbreak. U.S. officials warned the war in Ukraine may last for weeks or even years. European Union countries agreed to ban coal imports from Russia, the first time the bloc’s sanctions have targeted Moscow’s crucial energy revenues. US After Hours WDFC +10.6% up big on earnings; BIIB -1.7% as Medicare releases national policy on aducanumab
Nikkei +0.15% Hang Seng -0.29% CSI +0.52% Shanghai +0.60% Shenzen -0.04%
Eur$ 1.0864 CNH 6.3669 CNY 6.3625 JPY 123.95 GBP 1.3069 CHF 0.9349 RUB 79.2416 TRY 14.7434 WTI$ 95.78 -0.26% Gold 1,930.75 -0.06% BTC 43,635 +0.13% ETH 3270 +0.84%
S&P +0.03% Nasdaq +0.12% EuroStoxx +0.86% FTSE +0.67% Dax +0.69% SMI
Macro :
- European Property Firms Face Rating Hazard on New EPRA Metric
- EU Approves EU155b French Aid for Firms Hit by Russia Invasion
- EU Approves EU155b French Aid for Firms Hit by Russia Invasion
- Bitcoin Mining Giants Eye Middle East, Europe for Expansion
Keep an eye on :
Keep an eye on :
- ARL GY : Atlantic BidCo GmbH: Atlantic BidCo announces intention to launch new public takeover offer for Aareal Bank
-- ADP FP : ADP Still Sees World Traffic at Pre-Pandemic Level Around 2025
- AIR FP : Qatar Airways Says It Didn’t Have to Take Flawed Jets
- AKSO NO : Aker Solutions Offering by Holder Prices at NOK27.1/Share
- ATL IM : Blackstone May Bid for Atlantia at Over EU22/Share: Messaggero
- BPM IM : Credit Agricole Buys 9.2% Banco BPM Stake in Italian Push
- CNP FP : CNP Board Recommends Holders Tender Shares to Banque Postale Bid
- EVT GY : Evotec Hits Miletone Triggering $16m Payment From Bristol Myers
- BOSS GY : Frasers Group Boosts Stake in Hugo Boss
- MED SW : Medartis to Offer up to CHF150m 6-Year Convertible Bonds
- EGP PL : Mota-Engil Wins Mining Contract in Ivory Coast Valued at $213m
- GMAB DC : Genmab Says Janssen Won Arbitration on Daratumumab Pact Issues
- GSF NO : Grieg Seafood 1Q Total Harvest Volume About 16,900 Tonnes GWT
- NTEL NO : Nortel Offers Shares at NOK18/Share via SpareBank 1 Markets
- OMV AV : OMV 1Q Production Misses Est., Co. Booked EU2b Loss on Russia
- PRYME NO : Pryme Offering of 15.4m Shares Prices at NOK10/Share
- RNO FP : Renault Chiefs to Meet Nissan in Japan as Woes Cloud Alliance
- SALM NO : SalMar Prelim 1Q Harvest 45,000 Metric Tons
- G24 GY : Several PE firms reportedly considering bid for Scout24 , bidders include H&F, EQT, and Permira
- STB NO : Storebrand Sees Tax Income of About NOK550m Booked in 1Q
- TRELB SS : Trelleborg Says Has No Deliveries or Sales to Russia or Belarus
- TIT IM : Telecom Italia Due-Diligence Denial Won’t End KKR Pursuit: React
- TIT IM : Telecom Italia Due-Diligence Denial Won’t End KKR Pursuit: React
- TGS NO : TGS Preliminary 1Q Net Segment Revenue Rises to About $114m
- VOLVB SS : Volvo Sees SEK4b Negative Russia Impact on 1Q Operating Income
- VOW GY : Volkswagen Scouts for More U.S. Battery Output for EV Push
- VOW GY : VW Board Backs Audi, Porsche Plans to Potentially Join Formula 1