Stocks in Asia fluctuated following signs China would further relax its Covid restrictions, while Treasuries flashed warning signs of recession. The dollar strengthened in an indication of demand for havens. Equities in Japan, Australia and South Korea dropped, along with futures for US and European benchmarks. Stocks in Hong Kong rose after media reports that mask-wearing requirements would be scrapped. Shares in mainland China seesawed. The dollar resumed gains after a small decline Wednesday. The offshore yuan held below the 7 level to the greenback as investors continued to balance China easing Covid restrictions and a dimming outlook for the global economy. The Australian dollar fell against the greenback and 10-year Treasury yields rose after a sharp decline in the prior session. Chinese regulators asked the nation’s biggest insurers to buy bonds being offloaded as retail customers pull their cash from fixed-income investments, according to people familiar with the matter. Oil rose after a four-day drop as investors weighed the impact of China’s moves to ease virus curbs against a looming US slowdown. Gold was little changed after rising 0.9% in the previous session on weakness in Treasury yields, with traders looking to Friday’s US producer price report to gauge the Federal Reserve’s next monetary policy moves. US After Hours HCP +8.5%, OXM +4.4%, GME +1.2% higher on earnings; SPWH -5.6%, GEF -4.8%, VRNT -3.8% lower on earnings; DSGN -34.1% falls on clinical data
Nikkei -0.51% Hang Seng +2.68% CSI -0.03% Shanghai -0.08% Shenzen -0.23%
Eur$ 1.0499 CNH 6.9709 CNY 6.9759 JPY 136.99 GBP 1.2187 CHF 0.9419 RUB 62.9848 TRY 18.6411 WTI$ 72.68 +0.93% Gold 1,783 -0.18% BTC 16,818 -0.07% ETH 1,228-0.33%
S&P -0.11% Nasdaq -0.19% EuroStoxx -0.23% FTSE -0.19% Dax -0.16% SMI
Macro :
- Equities May Get a Boost With Congress Eyeing Taxes
- JPMorgan Takes $70 Million Hit on Europe High-Yield Trading Desk
- Citi’s Buckland Says US Stocks Stop Pricing Earnings Contraction
Keep an eye on :
- 888 LN : Banks Tap All Buyers for 888 Junk Debt as They Seek to Shed Risk
- AIR FP : Airbus Aims to Sell More Military Aircraft to Vietnam: VnExpress
- ASML NA : US-Led Curbs on China Tech to Tighten as Dutch Plan New Controls
- BARN SW : Barry Callebaut to Invest $100m in Chatham, Ontario Factory
- CABK SM : €500 Billion Spanish Mortgage Turtle Run vs. EU Has Its Charm
- ALCAR FP : Carmat Offers EU30 million Shares at EU10.50/Share: Terms
- CMBN SW : Cembra Chairman Felix Weber Won’t Be Standing for Re-Election
- ACA FP : Credit Agricole Regional Bank Fined €1.5M by French Regulator
- DBG FP : Derichebourg FY Revenue Beats Estimates
- FGR FP : Eiffage Wins Contract Share Amounting to More Than EU156m
- EPR NO : Europris Keeps Ambition of Like-for-Like Growth Above Market
- IBAB BB : IBA Wins €217M Contract for 10 Proton Therapy Systems in Spain
- MTRO LN : Metro Bank Expects FCA Proceedings to Conclude Shortly
- NUMND NO : Nordic Unmanned Offering of 11.7m Shares Prices at NOK6/Share
- NOVN SW : Novartis Iptacopan Phase III Study Met Primary Endpoint
- PGHN SW : Partners Group to Buy Indian Renewable Energy Platform Sunsure
- RLF SW : Relief Therapeutics Names Weinstein as CEO, Meinen as CFO
- RENE PL : REN Says Government Approves EU475m Network Investment Plan
- RNO FP : Renault-Nissan Talks Seen Lasting Longer on EV Plan Hurdle
- RNO FP : RCI Banque SA Names Patrick Claude as Acting Chairman of Board
- RNO FP : Renault Deputy CEO Clotilde Delbos to Step Down Later This Year
- ROG SW : Roche Alzheimer’s Cerebrospinal Fluid Assays Get FDA Clearance
- SHEL LN : Shell to Shut One Train at Australia’s QCLNG Facility in Dec.
- SIE GY : Siemens Pledges €650 Million to Bolster Its CO2-Cutting Efforts
- UNIT SS : Uniti Group Prices $300m Convertible Notes Offering
- VK FP : Vallourec Holder Nippon Steel Offers 7.85m Shares: Terms
- VICO SS : Vicore Pharma Offering of Shares Prices at SEK20/Share
- WDI GY : Wirecard CEO Braun Gets Day in Court After Two Years Behind Bars