- US futures fluctuated, while European stocks fell from near-record highs on Wednesday, owing to mixed earnings announcements, a drop in commodity prices, and fresh fears about economic growth. bonds gained.
- Futures contracts for the S&P 500 and the Nasdaq 100 were slightly moved. McDonald's surged in pre-market trade after-sales above analysts' expectations, while Coca-Cola soared after raising earnings forecasts. Following the close of the market on Tuesday, Microsoft and Twitter gained over 2% on positive news.
- Mining and energy firms led the decline in the Stoxx Europe 600 index, as raw material prices, including aluminium and iron ore, fell with crude oil. Germany's Dax fell as Europe's largest economy lowered its growth projection for 2021, citing the pandemic's lingering impact and a supply bottleneck. Bund yields have fallen in line with those of other European bonds.
- UK Finance Min. Sunak: A 1-percentage-point rise in inflation and interest rates will cost us about $23 billion.
- Iran is ready for direct negotiations with European participants to the 2015 nuclear deal, according to state television.
- The billionaire's tax would apply a capital gains rate of 23.8% on tradable assets such as stocks - aides
- China has agreed to a plan to establish a price restriction on thermal coal sales.
- China's Foreign Ministry's Zhao: Recent US efforts on Taiwan may pose great risks.
- Fitch Ratings: China is projected to accelerate infrastructure fixed-asset investment in 4Q 21 to compensate for lower property developer investment.
- China's NDRC on Tuesday, instructed developers to pay all debts, including those incurred abroad.
