Asian stocks Wednesday snapped an eight-day winning streak as a rally in Japan moderated and traders evaluated the risk of a slower recovery from the pandemic due to the delta virus variant.
Shares fell in Hong Kong and China, where the mouthpiece of China’s Communist Party ran an editorial seeking to ease concern that President Xi Jinping’s regulatory crackdown will hurt foreign investors. Equities climbed modestly in Japan, supported by hopes for economic stimulus from the next prime minister. U.S. futureswere steady but European contracts retreated. A selloff across bond markets has intensified in part due to a flood of debt sales. The 10-year U.S. Treasury yield remained around 1.37%. Australian and New Zealand yields climbed. The dollar held a rally. The prospect of a slower economic reopening and an eventual reduction in Federal Reserve and European Central Bank pandemic stimulus support is leading to some investor wariness. At the same time, global shares remain near all-time highs, indicating the jitters are relatively contained. Elsewhere, Bitcoin nursed losses in the wake of El Salvador’s rocky implementation of a law that makes the cryptocurrency legal tender. In commodity markets, crude oil steadied after a two-day decline, while uranium added to a surge.
US After Hours COUP +5%, AGX +4% higher on earnings; PATH -8.2%, SMAR -3.3%, CASY -1% fall on earnings
Nikkei +0.70% Hang Seng -0.23% CSI -0.64% Shanghai -0.32% Shenzen -0.25%
Eur$ 1.1836 CNH 6.4605 CNY 6.4637 JPY 11039 GBP 1.3770 CHF 0.9201 RUB 73.2816 TRY 8.3471 WTI$68.65 +0.44% Gold 1,797.30 +0.17% BTC 46,400 -425 ETH 3,430+14
S&P +0.07% Nasdaq +0.02% EuroStoxx -0.07% FTSE -0.36% Dax -0.01% SMI
Macro :
- Get Ready for More Pain Before a Healthier Economy: China Today
- Citadel Flagship Fund Wellington Up Nearly 10% on Year: Insider
Keep an eye on :
- ADEN SW : Adecco Offering of Up to 5.1m Shares Prices at CHF49.6/Share
- AIR FP : Airbus Posts Best Month for Jet Sales Since Start of Pandemic
- AAPL US : Apple to Hold Sept. 14 Event for New IPhone Line, Other Devices
- ARAMI FP : Aramis Ups FY Organic Rev. View on Refurbished Cars Sales Growth
- MT NA : Germany to Provide EU55m for Arcelormittal’s Hydrogen DRI Plant
- ASC LN : Shareholder to Sell 3m Asos Shares via Goldman Sachs
- CS FP : Axa Grants Staff 2 Exceptional Covid Fatigue Days Off: Les Echos
- BGN IM : Banca Generali Aug. Net Inflows EU563M
- BKW SW : BKW 1H Ebit CHF225M Vs. CHF219M Y/y
- CCL LN : Carnival to Cancel Glory’s Cruise Scheduled to Depart Sept. 12
- CLASB SS : Clas Ohlson 1Q Operating Profit SEK147M Vs. SEK166M Y/y
- COFB BB : Cofinimmo Spends EU13m on Valencia Project for Vivalto’s Solimar
- COTY US : Coty Falls After KKR Rainbow Aggregator Offers 50m Shares
- DNO NO : DNO Gets $63.2m Net From Kurdistan Regional Government
- EDP PL : EDP Gets 15-Year Power Purchase Agreement for Project in Chile
- EQT SS : EQT Holders Complete Sale of 63.1m Shares at SEK370/Share
- EXO IM : Exor 1H Net Income EU838M Vs. Loss EU1.32B Y/y
- ENX FP : *NO CHANGES IN DUTCH AEX INDEX COMPOSITION AT QUARTERLY REVIEW
- FORTUM FH : Rosatom, Fortum to Bid to Build Wind Farms in Russia: Kommersant
- GSK LN : Japan May Approve Glaxo’s Covid Drug Sotrovimab This Month: NHK
- HUBN SW : Huber+Suhner Holder Metrohm Sells Its 10.6% Stake
- INCH LN : Inchcape Holder Offers 7.5m Shares via Goldman Sachs: Terms
- ITP FP : Interparfums Sees FY Operating Margin About 15%
- INPST NA : InPost 2Q Sales 857.6M Zloty Vs. 659.9M Zloty Y/y
- LDO IM : Italy Mulls Picking Telecom Italia, Leonardo for Cloud Hub
- MMT FP : TF1, M6 Merger Plan is “Natural”, “Understandable”: AFP
- NESTE FH : Top Green Diesel Maker Widens Used Grease Quest With Latest Deal
- HBR LN : Neptune Is Said to Consider Merger With Rival Harbour Energy
- SAN FP : Sanofi to Buy Kadmon for $9.50 per Share in Cash: M&A Snapshot
- SCR FP : Scor to Unveil Strategic Plan in March 2022: Presentation
- SFER IM : Salvatore Ferragamo 1H Net Income Beats Estimates
- STLA IM : Dongfeng Motor Seeks About EU600m From Stellantis Share Sale
- SWON SW : SoftwareONE: Holders Place 8.6m Shrs in Market, Free Float ~66%
- TFI FP : TF1, M6 Merger Plan is “Natural”, “Understandable”: AFP
- TIETO FH : TietoEVRY Holder Apax Partners Offers Up to 9.1m Shares
- TIT IM : Italy Mulls Picking Telecom Italia, Leonardo for Cloud Hub
- VETN SW : Vetropack Offering by Cornaz AG-Holding Prices at CHF59/Share
- VOW3 GY : VW Plans $355 Million Venture Capital Fund for Decarbonization
- WBD IM : Webuild-led Group Wins Over EU1b Contract for Bridge in Norway