Asian stocks were mixed Tuesday as traders weighed the resilience of the economic recovery to inflation risks as well as warnings about elevated asset prices. Treasury yields slipped.
Shares were little changed in Japan and China and rose modestly in Hong Kong, while U.S. futures slipped. The S&P 500 eked out a gain overnight to post its longest winning run since 2017 but a drop in Tesla Inc. weighed on the Nasdaq 100. The Federal Reserve in a report warned asset prices could slide if sentiment sours. Treasury yields dipped following a report that Fed Governor Lael Brainard was interviewed for the top job at the U.S. central bank. Meanwhile, the yield on 30-year Treasury inflation-protected securities slid to a record low, a sign of ongoing concerns about price pressures in the global economy.
In cryptocurrencies, Bitcoin jumped past $67,000 for the first time to set a new all-time high. That’s part of a broader rise in digital tokens that has taken their overall market value past $3 trillion.
Investors are awaiting the U.S. inflation report Wednesday. Gains in payrolls last week showed a jump in average hourly earnings.
The troubles in China’s property sector remain in focus. Two holders of dollar notes sold by a unit of China Evergrande Group are yet to receive payment for coupons that were officially due Saturday. Chinese education stocks gained on a report that Beijing plans to issue licenses to allow companies to offer after-school tutoring.
Elsewhere, crude was steady as traders evaluate the possibility of U.S. steps to ease oil and gas prices. Gold was around the highest in two months.
US After Hours RBLX +28.7%, NEWR +18.8%, REAL +10.8%, FIVN +7.8%, ZNGA +7.2% higher on earnings; AMRS -25.1%, SDC -23.2%, NVTA -13.9%, FRPT -13.6% lower on earnings; PVG +18.3% to be acquired
Nikkei -0,75% Hang Seng +0,17% CSI -0,07% Shanghai +0,21% Shenzen +0,69%
Eur$ 1,1594 CNH 6,3937 CNY 6,3957 JPY 112,86 GBP 1,3586 CHF 0,9121 RUB 71,2925 TRY 9,7020 WTI$ 81,86 Gold 1,823;10 BTC 68,320 +2180 ETH 4805 +35
S&P -0,14% Nasdaq -0,05% EuroStoxx -O,27% FTSE -0,30% Dax -0,17% SMI -0,26%
Macro :
- Fed’s Evans Says There Is Some Evidence Inflation Is Broadening
- Big Deals Come to Italy After Years of Small Listings: ECM Watch
- Denmark Will Bring Back Some Restrictions as Covid-19 Cases Soar
- Bitcoin, Ether Hit Records Amid Broad Rally in Cryptocurrencies
Keep an eye on :
- 1U1 GY : 1&1 9M Revenue EU2.90B Vs. EU2.81B Y/y
- YOU GY : About You 2Q Adjusted Ebitda Margin -3.3% Vs. -5% Y/y
- AGFB BB : Agfa-Gevaert 3Q Adjusted Ebit EU6M Vs. EU0 Y/y
- AMBUB DC : Ambu Sees FY 2021/2022 Ebit Margin of 7-9%
- ARAMI FP : Aramis Confirms 2021 Margin Target, Sales Rise 26%
- AZN LN : Australia Grants Provisional Determination to Astra’s EVUSHELD
- ATEB BB : Atenor Told by Administration to Reduce Height of Realex Project
- BAKKA NO : Bakkafrost 3Q Operating Ebit Misses Estimates
- BAR BB : Beauduin’s Titan Barrato Buys More Barco Shares, Exceeds 20%
- BAYN GY : Bayer Boosts FY Core EPS From Continuing Ops Forecast
- BAYN GY : Bayer 3Q Adjusted Ebitda Beats Estimates
- BFIT NA : Basic-Fit 4.5m Share Sale by 3i Group Book Is Covered: Terms
- CA FP : Carrefour to Triple E-commerce GMV to EU10B in 2026
- COOR SS : Coor 3Q Net Sales Meet Estimates
- EUZ GY : Eckert & Ziegler Maintains FY Revenue About EU180M
- RF FP : Eurazeo SE 3Q Net Asset Value Per Share EU99
- EUCAR FP : Hertz Shareholders Raise $1.3 Billion in Nasdaq Listing
- ENX FP : Euronext Open to More Acquisitions as Part of New Strategic Plan
- RACE IM : Porsche, Ferrari Eye Enhanced China Growth as Luxury Outperforms
- FRA GY : Fraport Sees FY Revenue Above EU2B, Saw About EU2B, Est. EU2.08B
- GSK LN : Elliott Should Abandon Its Cowardly Campaign Against GlaxoSmithKline
- HABA GY : Hamborner REIT Boosts FY FFO Forecast
- HTRO SS : Hexatronic Offers Up to SEK500m Shares
- IMCD NA : IMCD 9M Gross Profit EU620.8M Vs. EU485.7M Y/y
- INGA NA : ING Eyes $11 Billion Buybacks, 20% EPS Upside, 10% ROE: BI Focus
- MC FP : LVMH Looks to Burnish Tiffany Image With Supreme Collaboration
- AERO SW : Montana Aerospace 9M Net Sales EU548.3M Vs. EU480.6M Y/y
- BMPS IM : Italy Underestimated Cash Needed to Shore Up Paschi, Orcel Says
- MUV2 GY : Munich Re 3Q Operating Profit Misses Estimates
- NDX1 GY : Nordex Cuts FY Ebitda Margin Forecast
- NRS NO : Norway Royal Salmon 3Q Operating Ebit Misses Estimates
- PSPN SW : PSP Swiss 9M Vacancy Rate 3.5%
- RR/ LN : Rolls-Royce Raises $617 Million for U.K. Small Nuclear Reactors
- SRE LN : Sirius Real Estate Offering of Shares Prices at GBp130/Share
- SUPR LN : Supermarket Income REIT in Talks to Buy Two Assets
- SLHN SW : Swiss Life 9M Fee & Commission Income CHF1.64B Vs. CHF1.40B Y/y
- TEG GY : TAG Immobilien Sees 2022 FFO EU188M to EU192M
- TEL NO : Telenor Myanmar Sale to M1 Sidelined Over Junta’s Opposition: FT
- UCG IM : UniCredit CEO Orcel Says M&A Is Not a ‘Goal in Itself’
- UCG IM : UniCredit to Sell Its Shareholding in Yapi Ve Kredi Bankasi
- UTDI GY : United Internet 9M Ebitda EU994.5M Vs. EU896.4M Y/y
- RIN FP : Vilmorin 1Q Sales EU258.4M Vs. EU234.4M Y/y
- WIE AV : Wienerberger 3Q Net Income Beats Estimates