US equity futures swung between gains and losses and Asian stocks were mixed as investors awaited midterm election results, with potential for government gridlock seen as positive for shares. Benchmark indexes climbed in South Korea and Australia while Japan saw a small decline. Shares of Chinese developers jumped the most in eight months as a key regulator expanded financing support for the sector. Broader gauges in Hong Kong and the mainland fell. The dollar weakened slightly as Treasury yields retreated from their intraday highs. Bond yields fell in Australia and New Zealand, tracking moves in the US on Tuesday. Crypto tokens were under pressure after a selloff that wiped out about 10% from the price of Bitcoin on Tuesday. Sentiment was dented after the largest crypto exchange swooped in to buy a smaller rival that ran into liquidity trouble. Optimism for shares has been helped by a history of robust performance following midterm results. Stocks have tended to flourish during times when government is constrained and polls suggest Republicans could make gains, placing a check on Democratic policies. Still, any final outcome may not be known for days or even weeks if races are as close as polls suggest and if losers challenge results. For many investors, the bigger issue facing markets is the Federal Reserve’s monetary tightening. Thursday’s consumer-price-index data may be the next event risk for the Fed’s policy rate and comes on the heels of core consumer prices rising more than forecast to a 40-year high in September. Even if prices begin to moderate, the CPI is far above the central bank’s comfort zone. Thursday’s consumer-price-index data may be the next event risk for the Fed’s policy rate and comes on the heels of core consumer prices rising more than forecast to a 40-year high in September. Even if prices begin to moderate, the CPI is far above the central bank’s comfort zone. Oil steadied after a two-day decline as traders weighed the support from a weaker dollar and gold declined after jumping the most in a month. US After HoursBusy earnings session, DIS -7.3% is main headline; UPST -25.6%, AMRS -22.8%, CARG -20.4%, AFRM -16.9%, EBS -13%, PUBM -11% also lower; RAMP +15.4%, DV +11.4%, AXON +8%, OSUR +7.5% higher on earnings
Nikkei -0.56% Hang Seng -1.67% CSI -0.93% Shanghai -0.50% Shenzen -0.35%
Eur$ 1.0071 CNH 7.2462 CNY 7.2467 JPY 145.55 GBP 1.1547 CHF 0.9863 RUB 61.2447 TRY 18.5645 WTI$ 88.38 -0.60% Gold 1,708.73 -0.22% BTC 18,245 -2.40% ETH 1,306.50 -2.27%
S&P -0.25% Nasdaq -0.10% EuroStoxx -0.51% FTSE -0.37% Dax -0.56% SMI -0.30%
Macro :
- Uzbekistan Is Lobbying EU to Lift Sanctions on Usmanov, FT Says
Keep an eye on :
- ABN NA : ABN Amro Profit Beats Estimates After Gains on Disposing Assets
- ADS GY : Adidas Cuts Profit Forecast After Terminating Yeezy Partnership
- AGS BB : Ageas 3Q Net Income Misses Estimates
- AGFB BB : Agfa-Gevaert 3Q Revenue Beats Estimates
- AH NA : Ahold Delhaize Boosts FY EPS Outlook, Announces EU1B Buyback
- AIR FP : Airbus Delivers 60 Planes in October; 497 Year to Date, Airbus Must Deliver 205 Jets in Two Months to Achieve 2022 Goal
- ALFEN NA : Alfen 3Q Adjusted Ebitda EU24.5M Vs. EU9.7M Y/y
- AAPL US : IPhone City Lifts Lockdown, But Foxconn Factory Stays High Risk
- ATL IM : Atlantia to Name Rogowski as New CEO, MF Reports
- BARN SW : Cocoa Price Could Stay Muted as Shaky Consumption Offsets Pests
- BAVA DC : Bavarian Nordic Maintains FY Revenue Forecast, Misses Estimates
- CRI FP : Chargeurs 9-Mo Rev. Rises 5.2% to EU573.6M
- CBK GY : Commerzbank Now Sees 2024 Operating Result ~EU3.2b, Saw EU3b
- GBF GY : Bilfinger 3Q Sales EU1.08B Vs. EU945M Y/y
- BIRG ID : Bank of Ireland Reaches Agreement to Shed €1.4b in Bad Loans
- BAMI IM : Banco BPM 2023 EPS Consensus Boost of 20% Looks Credible: React
- BNG GY : Brenntag 3Q Oper Ebitda Beats Estimates
- CTPNV NA : CTP 9M Net Rental Income EU328.2M Vs. EU239.9M Y/y
- DEZ GY :Deutz 3Q Adjusted Ebit Beats Estimates
- DIC GY : DIC Asset 9M FFO EU92.4M Vs. EU79.6M Y/y
- ENSU NO : Ensurge Micropower Offering of 27.5m Shares Prices at NOK2/Share
- EQT SS : Sweden’s EQT Ventures Closes €1.1 billion Fund For Early Tech
- EL FP : EssilorLuxottica Says Will Appeal €81M French Antitrust Fine
- EVT GY : Evotec SE 9M Adjusted Ebitda EU44.6M Vs. EU70.1M Y/y
- FLOW NA : Flow Traders Gets Approval For China On-Shore Trading
- SHBA SS : Sweden Property Firms at Risk of Fire Sales, Handelsbanken Warns
- IPAR US : Inter Parfums to Report Results; Shares Down 22.0% YTD: Preview
- IVG IM : Iveco Sees FY Consolidated Adjusted Ebit EU420M to EU440M
- KBC BB : KBC Group 3Q Net Income Beats Estimates
- LXS GY : Lanxess Narrows FY Adjusted Ebitda Forecast
- MOWI NO : Mowi Keeps 2022 Harvest Outlook, Sees 2023 Harvest 470,000 Tons
- OX2 SS : OX2 Gets Approval for Wind Project With Ikea Investment Arm
- RNO FP : Renault Says Strategy ‘Works by Itself’ as Nissan Talks Continue
- ROTH FP : Rothschild & Co 3Q Revenue EU863.7M Vs. EU666.7M Y/y
- RUI FP : Rubis 3Q Revenue +70%
- SFER IM : Salvatore Ferragamo 9M Revenue EU920.7M Vs. EU785M Y/y
- SCR FP : Scor 3Q Net Loss EU270M, Est. Loss EU193.5M
- SIX2 GY : Sixt Sees FY Pretax Profit High End of EU500M to EU550M
- GLE FP : SocGen’s ALD, LeasePlan See Sale of Non-Core Ops for Deal: Echos
- SOBI SS : Sobi’s Kineret Gets US FDA Authorization for Coronavirus
- SOLG LN : Newcrest Slams SolGold’s Mine Financing Deal in South America
- TSLA US ! Musk Sells $3.95 Billion of Tesla Stock After Twitter Takeover
- TONIE GY : Tonies to Sell Up to ~EU60m-Worth Shares by Placing: Terms
- ORP FP : Orpea 3Q Organic Revenue +4%
- UN01 GY : Uniper, NewMed Energy to Collaborate on Gas, Hydrogen Supplies
- VIE FP : Veolia Targets High End of Profit Forecast as Waste Volumes Grow
- RIN FP : Vilmorin 1Q Like-for-Like Sales +23.7%
- VOD LN : KKR, GIP Said Near Deal for Vodafone’s $15 Billion Tower Arm
- VOE AV : Voestalpine 2Q Ebitda Beats Est.; Impairments Hit Net Result