Asian stocks traded in narrow ranges Wednesday as investors digested data on price pressures to gauge the outlook for stimulus amid the recovery from the pandemic. Ten-year U.S. Treasuries held an advance.
Shares slipped in Japan but edged up in China, where factory-gate inflation for May was at the highest since 2008. The nation is considering imposing a cap on the price of thermal coal to contain high energy costs. U.S. equity futures were little changed after the S&P 500 ended just shy of its May 7 record close.
The focus remains on Thursday’s report on U.S. consumer prices, which may affect perceptions of when the Federal Reserve is likely to start discussing tapering asset purchases. A gauge of the dollar dipped.
Oil resumed its rally to top $70 a barrel in New York as investors grow more confident that the recovery from the pandemic will help demand. Bitcoinremains under pressure, trading around $33,000 after a retreat this week.
US After Hours CMTL -8%, PATH -8% trade lower on earnings; SHW -1.1% falls on guidance; GSL jumps +7.1% as it will purchase 12 containerships
Nikkei -0.31% Hang Seng -0.09% CSI +0.14% Shanghai +0.37% Shenzen +0.31%
Eur$ 1.2178 CNH 6.3947 CNY 6.3957 JPY 109.47 GBP 1.4155 CHF 08967 RUB 72.1728 TRY 8.6057 WTI$ 70.38 +0.50% GOLD 1,893.35 +0.03% BTC 33,580 +1380 ETH 2480 +70
S&P -0.01%Nasdaq +0.02% EuroStox +0.10% FTSE -0.12% Dax +0.04% SMI
Macro :
- IEA Says Emerging Nations Need Trillion a Year For Clean Energy
- China May Consumer Prices +1.3% Y/y; Est. +1.6%
- U.K. Seeks Financial Services Exemption From G-7 Tax Plan: FT
- Byron Wien Sticks to 4,500 Target for S&P 500, Shuns Bitcoin
Keep an eye on :
- A2A IM : A2A, Ardian Sign Term Sheet on Italian Energy Partnership
- AIR FP : Airbus Agrees to Buy ZF Luftfahrttechnik; No Terms
- AIR FP : Boeing's New Air Force One Jets Could Arrive Late, Cost More
- AF FP : U.S. Eases Dozens of Travel Warnings
- AGL IM : Autogrill to Raise as Much as EU599.6m in Capital Increase
- AKSO NO : Aker Solutions Wins NOK1.2-2.0B Petrobras Framework Agreement
- ALV GY : No-Go Tokyo Olympics Would Be Biggest Event-Insurance Claim
- CCL LN : Two Carnival Ships Get CDC Approval to Resume Passenger Sailings Out of U.S.
- EXO IM : Bankers Pitched Armani Deal to Exor for Ferrari: Sole
- RACE IM : Ferrari Appoints Benedetto Vigna as New CEO
- GREEN SS : Green Landscaping Group Offers SEK150 m Shares
- ITX SM : *INDITEX 1Q NET SALES EU4.94B, EST. EU4.88B
- INTRUM SS : Intrum Holder Offers Shares via SEB, Citi, JPMorgan,Nordic Capital Is Offloading a $350 Million Stake in Intrum
- LHA GY : U.S. Eases Dozens of Travel Warnings
- NSKOG NO : Norske Skog to Close Tasman Mill in New Zealand, Sell Assets
- POR IM : Portobello: Accelerated Bookbuilding for Max New 250,000 Shrs
- RNO FP : Renault Is Charged in France With Deceit Related to Diesel Cars
- SALM NO : Salmar Offering of Shares Prices at NOK602/Share
- TKTT FP : Deconinck Family Raises Tarkett Stake to 55.87%: AMF Filing
- TGR LN : Telegraph’s Questor Column Says Tirupati Graphite a Buy
- VOE AV : Voestalpine Sees 2022 Ebitda EU1.60B to EU1.90B, Est. EU1.75B
- VRLA FP : Horizon Investment Holdings Offers 11m Verallia Shares, offered at EU30.5/Share