Asian stocks fell Monday with U.S. equity futures as higher Treasury yields tempered optimism over President Joe Biden’s $1.9 trillion pandemic relief plan and the growth outlook. Crude oil jumped.
Tech stocks struggled as China and Hong Kong led the regional retreat. Nasdaq 100 futures underperformed while European contracts rose. Ten-year Treasury yields remain in focus, ticking up. U.S. stocks rebounded Friday and the 10-year yield touched 1.6% after jobs data beat estimates.
Oil surged after Saudi Arabia said the world’s largest crude terminal was attacked, though output seemed to be unaffected. Meanwhile, the U.S. spending plan moves to the House following Senate passage of the legislation. The bill’s progress and strong Chinese export data bolstered economic prospects.
Nikkei -0.42% Hang Seng -1.27% CSI -2.78% Shanghai -1.71% Shenzen -2.64%
Eur$ 1.1908 CNH 6.5230 CNY 6.5084 JPY 108.39 GBP 1.3829 CHF 0.9318 RUB 74.1138 TRY 7.5417 WTI$ 67.47 +2.10% GOLD1,706 +0.35% BTC 50,550 -500
S&P -0.39% Nasdaq -1.15% EuroStoxx +0.69% FTSE +0.91% Dax +0.50% SMI -0.93%
Macro :
- Frost Says EU Should Shake Off Remaining ‘Ill Will;’ Telegraph
S&P -0.39% Nasdaq -1.15% EuroStoxx +0.69% FTSE +0.91% Dax +0.50% SMI -0.93%
Macro :
- Frost Says EU Should Shake Off Remaining ‘Ill Will;’ Telegraph
- Coupang’s $3.6 Billion IPO Shows U.S. Remains King for Tech IPOs
- Stimulus-Fueled Risk Bounce Likely to Come With Higher Yields
- Perfect Storm Stares Emerging Markets on Steeper Curves: SocGen
- European ESG Funds Return 1.9% This Year, Outperforming MSCI
Spacs :
- Sportradar SPAC Deal Values Company at $10 Billion: Sportico
- Crowd-Safety Company Evolv Going Public in $1.7 Billion SPAC Merger
- Cazoo Weighs Merger With Blank-Check Firm Ajax I, Sky Reports
- SPAC Mania Missed This EV Boat Startup: Brooke Sutherland
- SPACs May Give Oil Producers an Express Route to Clean Energy
Keep an eye on :
Keep an eye on :
- ADS GY : Options Traders Expect Greater Earnings-Day Moves in Adidas
- AIR FP : Airbus Logs 92 Order Cancellations in February
- AKH NO : Aker Clean Hydrogen Raises NOK3.45b in Private Placement
- AKER NO : Aker Sets Up Seetee to Invest in Bitcoin Projects and Companies
- AAPL US : Apple’s Valuation, Few Catalysts Weighing on Stock: Bernstein
- ATA FP : Atari Setting Up Crypto Casino to Tap Into Nostalgia and NFTs
- BAMI IM : Banco BPM, Cattolica Amend Bancassurance Partnership Terms
- BAVA DC : Bavarian Calls Preclinical Results for Covid Vaccine ‘Strong’
- BEI GY : Siemens Energy to Replace Beiersdorf in DAX Index
- BEAN SW : Belimo FY Ebit Meets Estimates
- CASS IM : Cattolica Tells Regulator That Board Will Present Resignation
- CEC GY : Ceconomy Says Unit CEO Leaving to Run Futbol Club Barcelona
- Deliveroo IPO : Deliveroo IPO Expected to Include GBP50m Share Sale to Customers
- Deliveroo IPO : Deliveroo IPO Expected to Include GBP50m Share Sale to Customers
- DESN SW : Dottikon Says Books Are Fully Covered
- EDP PL : Texas Freeze Cost EDP ‘Low Tens of Millions’ of Dollars
- ELE SM : Endesa Acquires 519MW of Solar Projects from Arena: Expansion
- MC FP : Ralph & Russo Defers Staff Payments Amid Virus: Sky News
- MBB GY : MBB Unit Friedrich Vorwerk Seeks About EU90m in Frankfurt IPO
- MITRA BB : Mithra, Searchlight Pharma Say Estelle Approved in Canada
- MKS LN : Marks & Spencer to Expand Online Reach in Latest Overseas Foray
- NOVN SW : NHS England Agrees to Fund Novartis Gene Therapy Zolgensma
- ORSTED DC : Orsted Chairman Says Green Hydrogen Key Part of Strategy: Borsen
- RLF SW : Relief Board Approves Issuance of 125 Million New Shares
- ROG SW : Roche Withdraws U.S. Indication for Tecentriq in Bladder Cancer
- SEM PL : Semapa’s Board Says Sodim’s Takeover Bid Is ‘Adequate’
- ENR GY : Siemens Energy to Replace Beiersdorf in DAX Index
- SON PL : Sonae to Buy 10% of Sonae Sierra from Grosvenor for EU82.16m
- SEV FP : Suez Won’t Comment on Market Rumors, Renews Call for Talks
- UHR SW : Swatch Group’s Longines Targets 2 Billion Francs in Sales: NZZ
- STLN SW : Swiss Steel Says Finma Rejected Liwet Application for Revision
- TIT IM : TIM Says Cassa Depositi Filed Slate for Statutory Board Renewal
- TRELB SS : Trelleborg Interesting Option Among Industrials, Buy Stock: DI
- TRYG DC : Tryg Plans to Be Carbon Neutral in 2023, Borsen Reports
- VLA FP : Valneva, Pfizer Start Phase 2 Study for Lyme Disease Candidate
- VIFN SW : Vifor, Cara Announce FDA Priority Review of NDA for Korsuva
- VOW GY :
- WALWIL NO : Wallenius Wilhelmsen CEO Craig Jasienski Leaves; Wist Acting CEO