Futures Fall After Data; Treasury Yields Rise: Markets Wrap

“Markets seem torn between a bearish sentiment on the one hand, supported by lingering macro threats in a tighter liquidity environment, and dip buyers on the other who continue to bet on the inflation peak,” said Pierre Veyret, an analyst at ActivTrades. “Most benchmarks aren’t registering strong and significant bullish corrections following Tuesday’s sell-off, but … Read more

China Stocks Are Primed for Risk Rally to Morgan Stanley Quants

Futures tracking the CSI 300 and CSI 500 had an average price of 1.2% and 5.2% below spot levels as of Friday, according to Morgan Stanley’s quant team. That means the cost of hedging via index futures is lower than what traders are paying to own the indexes via exchange-traded funds. The price relationship, known … Read more

As IPOs Slump Globally, All the Big Deals Are Coming From China

First-time share sales in the Asia Pacific region totaled $14.9 billion this month, data compiled by Bloomberg show. The strong showing is almost entirely down to issuers from mainland China and Hong Kong, which accounted for all but two of the IPOs raising at least $100 million, the data show.

Stocks Slide as Short-Sellers Cash In on Fedspeak: Markets Wrap

The S&P 500 Index extended losses, heading for its biggest daily decline since June. The tech-heavy Nasdaq 100 underperformed major benchmarks, with growth-related stocks among the hardest hit Friday. Meanwhile, Wall Street’s fear gauge, the Cboe Volatility Index, jumped the most in more than two weeks, back above 20.

Fed Saw Smaller Hikes Ahead to Assess Prior Moves, Minutes Show

“While the FOMC minutes continue to emphasize the need to contain inflation, there is also an emerging concern that the Fed could tighten more than necessary,” said Christopher Low, chief economist at FHN Financial. “There is an inkling of improvement on the supply side of the economy, there is a bit of hope in some … Read more

China Stock Investors Fixated on Covid Curbs Shrug Off Stimulus

“The biggest near-term risk to Chinese growth is its dynamic Covid-zero policy, which is offsetting the positive effects of Beijing’s cautious policy easing,” said Jessica Tea, senior investment specialist for Greater China equities at BNP Paribas Asset Management. “China would need to see further fiscal stimulus in order to help stabilize its GDP growth, and … Read more

Stocks in Asia Set for Cautious Open, Crude Slides: Markets Wrap

Stocks in Asia are set for a cautious opening on Tuesday as mounting signs of a sharp economic slowdown filter across global markets, supporting the dollar and bonds while depressing commodity prices.