Overnight Market Wrap: 10 November 2022

Key Points:

Japan, Australia shares fall, China equity futures decline
Bitcoin plunges below $16,000 as FTX.com woes intensify

Asian stocks weakened after US shares fell and fear swept through cryptocurrencies, denting risk appetite ahead of crucial inflation data due later Thursday.

Shares in Japan and Australia fell, while equity futures in China declined. The S&P 500 slumped, ending a three-day advance. Earnings from Walt Disney Co. and News Corp. disappointed. The dollar held gains from Wednesday and bond yields fell in Australia and New Zealand, following Treasuries.

Bitcoin tumbled by the biggest margin since March 2020 Wednesday to dip below $16000 after Binance scrapped plans to acquire embattled exchange FTX.com, which may face bankruptcy. The action pressured shares in Asian companies related to cryptocurrencies after their US peers fell sharply.

Oil traded flat after its worst day in nearly a month as US stockpiles grew and Covid outbreaks in China threatened growth.

Key events this week:

US CPI, US initial jobless claims, Thursday
Fed officials Lorie Logan, Esther George, Loretta Mester speak at events, Thursday
US University of Michigan consumer sentiment, Friday

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過去のニュース

Market Wrap: 28 September 2023

September 28, 2023 No Comments

Stocks Decline as Oil Rally Fans Inflation Fears: September set to be worst month for global stocks in a year Oil extends one-year high amid

Market Wrap: 24 August 2023

August 24, 2023 No Comments

Stocks Rally on Tech Optimism, Fed Rate Outlook: Lackluster US, Europe economic data opens door for rate pause Nvidia’s bullish sales outlook prompts after-hours stock

Market Wrap: 15 August 2023

August 15, 2023 No Comments

Yuan Falls on PBOC Rate Cuts; Asian Stocks Mixed: Japan’s economy shows resilience as growth beats estimates Economic woes mount in China as post-pandemic recovery

Market Wrap: 11 August 2023

August 11, 2023 No Comments

China Tech Pulls Asian Stocks Lower; Dollar Steady: US core CPI posts smallest back-to-back increases in two years Daly says Fed has ‘more work to

Market Wrap: 31 July 2023

July 31, 2023 No Comments

Asian Stocks Echo US Rally on Soft Landing Hopes: Yen declines after unscheduled Bank of Japan bond buying China manufacturing PMI data shows contraction in

Market Wrap: 27 July 2023

July 27, 2023 No Comments

Stocks Rise, Dollar Slips as Rates Peak in Sight: ECB will raise rates by another quarter-point, survey shows US data Thursday include GDP, initial jobless

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