Stocks struggled to make headway in Asia on Tuesday and bonds rose, a pattern reflecting concerns about the outlook for economic growth as central banks hike interest rates to curb runaway inflation. MSCI Inc.’s Asia-Pacific equity index was little changed but off session lows, spurred by a climb in Hong Kong real-estate shares after the territory floated the possibility of reducing stamp duty on some home purchases. S&P 500 and Nasdaq 100 futures weathered a blow to sentiment from poor earnings at chipmaker Nvidia Corp. but the gains in the contracts were modest. Australian debt pushed higher and Treasuries held an advance. An inversion in the US yield curve highlights expectations that further aggressive Federal Reserve interest-rate hikes could spark a recession. The dollar was steady. Oil edged down toward $90 a barrel, gold slipped and Bitcoin fell from $24,000. A near-10% rebound in global stocks from bear-market lows appears to have paused as investors await US inflation data due Wednesday. The figures will shape views on how aggressively the Fed will have to raise borrowing costs and whether a shift to rate cuts later next year is a realistic possibility. US After Hours: GDRX +55.9%, LMND +13%, SWAV +8.6%, QLYS +7.4%, PUBM +7% higher on earnings; NVAX -32.5%, CARG -15.6%, DDD -13.8%, TREX -11.2%, UPST -9.8% lower on earnings; HEAR -34% falls on earnings an decision to remain independent
Nikkei -0,94% Hang Seng +0,42% CSI +0,17% Shanghai +0,20% Shenzen +0,06%
Eur$ 1,0195 CNH 6,7613 CNY 6,7564 JPY 134,92 GBP 1,2087 CHF 0,9551 RUB 61,9222 TRY 17,9564 WTI$ 90,56 Gold 1,785,78 -1,8% BTC 23,386 -0,8% ETH 1,777,25 -&,2%
S&P +0,20% Nasdaq +0,18% EuroStoxx -0,24% FTSE -0,17% Dax -0,33% SMI -0,28%
Macro :
- JPMorgan’s Kolanovic Says Time to Trim Stocks, Buy Commodities
- Citi Strategists Say Analysts Are Back at ‘Peak Bullishness’
- China Drills Show Preparation for Possible Invasion, Taiwan Says
- *BITCOIN TIED TO THE FED; SKEPTICAL OF SOFT LANDING: NOVOGRATZ
Keep an eye on :
- AED BB : Aedifica to Spend EU16m on Two Care Projects in Finland
- AIR FP : Airbus Books 401 Aircraft Orders, Delivers 46 Jetliners in July
- ALSN SW : ALSO Holding AG announces share buyback program
- AOX GY : Alstria Office 1H FFO EU59.5M Vs. EU58.5M Y/y
- AZE BB : Azelis 1H Revenue Beats Estimates
- CCL LN : Carnival Downgraded to B2 by Moody's
- CWC GY : Cewe Stiftung Maintains FY Ebit Forecast
- PBB GY : Deutsche PBB 1H Pretax Profit EU107M Vs. EU114M Y/y
- DUFN SW : Dufry 1H Sales Beats Estimates
- ENEL IM : Russia Halts Sale of Local Units of Enel, Fortum: Kommersant
- ENX FP : Euronext July Total Cash Market Transaction Value M/M -9%
- FORTUM FH : Russia Halts Sale of Local Units of Enel, Fortum: Kommersant
- FRA GY : Fraport 1H Ebitda Beats Estimates
- GALE SW : Galenica 1H Ebit Beats Estimates
- GMAB DC : Genmab Boosts FY Revenue Forecast
- HABA GY : Hamborner REIT Narrows FY Rental Income Forecast
- MONT BB : Montea Buys Four Sites in France/Netherlands for ~EU90M
- MUV2 GY : Munich Re 2Q Operating Profit Misses Estimates
- MUSTI FH : Musti Group 3Q Operating Profit Misses Estimates
- OXY US : Berkshire Hathaway Buys 6.68m Shares of Occidental Petroleum
- QQ/ LN : QinetiQ US Wins $45M Army Prototyping and Integration Contract
- RWAY IM : RAI Way May Buy EI Towers in Shares: Repubblica
- G24 GY : Scout24 SE 2Q Oper Ebitda Beats Estimates
- SRT GY : Sartorius to Buy Albumedix for About £415m
- SNAP US : Snap in Early Stages of Planning Layoffs: Verge
- SOFI US : SoftBank to Sell All or Some of Its SoFi Shares; SoFi Drops (-4% in After Hours)
- UNA NA : Ben & Jerry’s Has ‘No Power’ to Halt Israel Deal, Unilever Says
- VIE FP : Saur Agrees to Buy MWS Europe From Veolia for ~EU190M