Nasdaq 100 futures climbed Tuesday after an overnight slump in technology stocks and Asian shares erased losses as Chinese state-backed funds intervened to alleviate domestic declines. Treasury yields fell.
China’s CSI 300 equity gauge plunged more than 3% before bouncing back after state-related funds stepped in to ensure market stability. Nasdaq 100 contracts outperformed as U.S. futures rallied. The tech gauge tumbled Monday and is now down 11% from a February record. The S&P 500 shed intraday gains as the retreat in high-valuation stocks offset a rise in financial and materials shares.
Elsewhere, the yen weakened beyond 109 per dollar for the first time since June. The 10-year Treasury yield slipped further below 1.6%, with investors watching upcoming auctions to assess the outlook. Asian credit markets slumped as more deals were scrapped on concerns about a spike in rates.
US After Hours SFT +9% trades up while SFIX -23% declines on earnings/guidance
Nikkey +0.99% Hang Seng -0.03% CSI -2% Shanghai -1.70% Shenzen -2.63%
Eur$ 1.1857 VNH 6.5360 CNY 6.5244 JPY 109.13 GBP 1.3847 CHF 0.9356 RUB 74.3525 TRY 7.6914 WTI$ 65.06 +0.02% GOLD 1,690.90 +0.43% BTC 54,230 +3400
S&P +0.50 Nasdaq +0.72% EuroStoxx -0.18% FTSE -0.28% Dax -0.10% SMI -0.30%
Macro :
- Chinese Stocks Erase Plunge After State Funds Said to Intervene
- Spain Plans EU5B in Direct Aid for Companies: Reuters
- Bitcoin Hits Highest Level in Two Weeks Amid Big-Name Interest
- Value Rotation Fervor Fails to Save Global Stocks From a Selloff
Keep an eye on :
- ALV GY : APRA Agrees to Allianz’s Court Undertaking To Fix Risk Issues
- AMS SW : Osram to Apply to Change Frankfurt Exchange Listing Sub-Segment
- AZA SS : Avanza Refunds All Fund Commissions for Savings Under SEK50,000
- BALN SW : Baloise FY Profit Misses Estimates
- BARC LN : Barclays Plans to Cut Around 60 Jobs at Investment Bank
- BFIT NA : Basic-Fit Says 2020 Underlying Ebitda Dropped to EU93.8 Mln
- ALCART FP : Carmat Offering of 2.32m Shares Prices at EU24/Share
- CERV IM : ION Capital to Launch Tender Offer for Cerved at EU9.50/Share
- CBK GY : Commerzbank, Creditshelf Expand Strategic Cooperation for SMEs
- CON GY : Continental AG Sees 2021 Adjusted Ebit Margin About 5% to 6%
- DTE GY : Germany Picks IBM Over Telekom on Vaccine Passport: Bus. Insider
- DPW GY : Deutsche Post Sees 2021 Ebit Above EU5.6B, Est. EU5.62B
- DRO GY : Deutsche Rohstoff FY 2020 Ebitda Increases 5% to EU23.9 Million
- DIE BB : D'Ieteren Sees 2021 Adjusted Pretax Profit At Least +25%
- DUFN SW : Dufry FY Sales Miss Estimates
- EBK GY : EnBW CEO Sees Earnings Boost From Renewables Push: Die Welt
- ELIS FP : Elis Sees 2021 Organic Revenue About +3%
- EKT SM : Euskaltel Readies Sale of up to 49% of Its Fiber Network: Cinco
- FE US : Activist Carl Icahn Is Said to Seek Seats on FirstEnergy’s Board
- FPE GY : Fuchs Petrolub FY Dividend Per Share EU0.99
- GALE SW : Galenica Sees 2021 Sales +1% to +3%
- GFS LN : Allied Universal Cuts G4S Acceptance Condition to 50% Plus 1 Shr
- HUBN SW : Huber + Suhner FY Ebit CHF61.2M Vs. CHF80.5M Y/y
- JDEP NA : JDE Peet's NV FY Revenue EU6.65B
- KINVB SS : Kinnevik Sees Cedar Investment Value Increase of SEK5.5 a Share
- MCRO LN : Micro Focus Loses $172.6m Verdict Over Software Patents
- MITRA BB : Mithra Pharma FY Oper Loss From Cont Ops EU83.7M
- NN NA : NN Group Holder Offers EU75m of Shares via UBS: Terms
- NOVN SW : Novartis Lung Cancer Drug Misses Primary Endpoint in Canopy-2
- RIEN SW : Rieter FY Ebit Loss CHF84.4M Vs. Profit CHF84.9M Y/y
- WAF GY : Siltronic FY Dividend Per Share Misses Estimates
- SY1 GY : Symrise Sees 2021 Sales +5% to +7%
- TIT IM : Telecom Italia Agrees With Unions on 1,300 Redundancies in 2021
- FP FP : Total Port Arthur Completes Start of Larger Crude Unit, VDU
- VIE FP : Suez’s Varin Outlines Conditions for Talks With Veolia: Figaro
- VOD LN : Vodafone Prices Vantage Towers IPO at EU22.50-EU29.00 per Share
- VOD LN : Vodafone Seeks $3.1 Billion From Towers Unit IPO in Frankfurt
- ZM US : Zoom CEO Eric Yuan Transfers $6 Billion Worth of His Shares