Futures Rebound Strongly From Overnight Rout As Yields Stabilize

12:34pm, Wednesday, 19'th Jan 2022 Zero Hedge
Futures Rebound Strongly From Overnight Rout As Yields Stabilize After what earlier looked like another assured overnight rout, especially after 10Y yields hit 1.90% and Brent rose as high as $89/bbl, US equity futures reversed earlier losses to trade higher as earnings optimism outweighed concerns over soaring bond yields and a 50bps March rate hike. As of 7:00am ET, emini S&P futures were up 14 points ot 0.3% to 4,585, Nasdaq futures were up 65 points or 0.44% and Dow futures were also in the green by 89 points or 0.25%. The dollar slumped after several days of sharp gains, the 10Y yield traded at 1.8826%, down from the session''s highest levels, and Brent was at $88.23. The prospect of accelerated policy tightening as well as concerns over the omicron variant and inflation hurting companies profits have whipsawed equities this year. The surge in Treasury yields has fueled a rotation out of expensive technology and growth shares and into cheaper parts of the market. Meanwhile, the 10Y yield has continued its aggressive push higher overnight, and hit a fresh 2 year high, rising just above 1.90% for the first time since Jan 2020, before retracing some of the move.

Futures Swing Ahead Of Today''s "Brutal" CPI Print

01:00pm, Wednesday, 12'th Jan 2022 Zero Hedge
Futures Swing Ahead Of Today''s "Brutal" CPI Print U.S. index futures were little changed, if slightly in the green on Wednesday as investors settled into a wait-and-see mode ahead of today''s " brutal" CPI report which is expected to show the highest CPI print in nearly 40 years, a time when the fed funds rate was 11% compared to 0% now… ... and gauge the pace of Federal Reserve tightening. Consensus expects December CPI to show inflation climbing to 7.0%, a result which could see front- end fully price in a March rate hike (currently priced at 85%). Helping the overnight mood in Asia, was a moderation in China’s inflation pressures, with CPI dipping to 10.3% y/y in December, giving the central bank scope to cut interest rates to cushion the economy’s downturn just as most major nations look to tighten policy. At 730am ET, S&P futures were up 0.2% of 7.50, and Nasdaq futures rose 22 points or 0.14%, recovering toward Asia’s best levels; Dow futures were up about 0.1%. The dollar was slightly lower, extending on its recent sharp drop, while Treasury yields were steady. “All we know is that the Fed has waited too long before taking action,” said Ipek Ozkardeskaya, senior analyst at Swissquote . “If today’s inflation print is higher than expected, recent gains in equities will melt like snow in the sun,” she wrote, even though investors seemed to put aside fears that tighter policy will stifle the economic rebound and market rally after soothing words from Federal Reserve Chair Jerome Powell.

Futures Rebound As Fed-Induced Rout Finally Eases

01:07pm, Tuesday, 11'th Jan 2022 Zero Hedge
Futures Rebound As Fed-Induced Rout Finally Eases After yesterday''s miraculous tech recovery which saw gigacaps drop as much as 4% before recovering all losses and closing green, Nasdaq futures led gains among U.S. stock-index futures, hinting at further relief for technology stocks as Treasury yields retreated in early trading but have since steadied around 1.75%, unchanged from Monday. Nasdaq futures rose as much as 0.7%, while S&P 500 and Dow Jones contracts were also higher by about 0.4% ahead of Powells Senate confirmation hearing for second term as Fed chair which begins at 10am and where the Fed chair is expected to put on a dovish mask and walk back some of the recent hawkish commentary. Dip-buyers rescued the Nasdaq from a fifth session of declines on Monday after Marko Kolanovic urged JPM clients to buy the dip, writing that yields aren''t too high and the Fed''s won''t derail the economys rebound. We view the recent equity volatility as an adjustment to the Feds incrementally more hawkish stance, rather than a sign that the Fed is about to bring the recovery and the equity rally abruptly to an end, Mark Haefele, chief investment officer at UBS Global Wealth Management, said in a note. We now expect three Fed rate hikes this year, starting as soon as March. We are looking for opportunities to raise our weighting in stocks in 2022, according to Luca Paolini, chief strategist at Pictet Asset Management, whose firm has a neutral stance on equities. The global recovery remains resilient, thanks to a strong labor market, pent-up demand for services and healthy corporate balance sheets. In his second term confirmation hearing before the Senate Banking Committee at 10am ET today, Fed Chair Jerome Powell will say the central bank will keep inflation from becoming entrenched, but the post-pandemic economy may look different from previous expansions.
Futures Steady After Fed-Inspired Rout As Tech, Bitcoin Slide Continues US equity futures were little changed after earlier swings as traders digested hawkish Fed minutes that sparked a global stock rout on Wednesday. As discussed yesterday, minutes from the Feds December meeting showed a growing preference for a faster path of rate hikes and a shrinking of the banks balance sheet (one which would lead to yet another market crash and even more stimulus). However, while rising rates is terrible news for tech and high duration names, it''s good news for the value sector, and investors bet while the Fed''s faster-than-expected policy tightening (which will lead to faster than expected easing) may crimp highly valued technology stocks it will offer opportunities in other equity sectors, and sure enough with Nasdaq futures bombing again, energy names like Exxon are at 2 year highs. Treasury yields extended a spike, with the 10Y rising to 1.75%, the dollar was unchanged and bitcoin''s plunge continued even though the selling in stocks has subsided.
The semiconductor segment is poised for another stellar year in 2022.
It was a great 2021 for the Wall Street but there were also some noteworthy international stocks like Wipro Limited (WIT), 360 DigiTech (QFIN) and Tokyo Electron (TOELY) that posted more than more-tha

Japanese shares lack direction as Toyota, retailers negate tech gains

06:03am, Wednesday, 22'nd Dec 2021 Business Recorder
TOKYO: Japanese shares struggled for direction on Wednesday, as a rally in chip and other tech-related stocks following a strong Wall Street session overnight offset weakness in Toyota and its group companies, and retailers including Uniqlo-owner Fast Retailing. The Nikkei share average ended the morning session up 0.11%, while the broader Topix was unchanged. "With few drivers to trade off, there''s no real sense of direction to the market," said a market participant at a domestic securities firm. Sharp and Sony were among the Nikkei''s top percentage gainers, climbing 3.59% and 2.55% respectively. Tokyo Electron was the biggest mover by index points, adding 0.69%, while fellow chipmaker Advantest advanced 1.12%. Startup investor SoftBank Group rose 0.87%. Overnight, the US Nasdaq 100 rallied 2.29%, and the Philadelphia SE Semiconductor index jumped 3.35%. The Nikkei''s biggest mover was Shinsei Bank with a 7.17% gain after SBI Holdings, which recently completed a tender offer for Shinsei, said it''s worth pursuing the option of taking it private.

Japanese shares fall as Omicron spreads, Fed decision looms

07:42am, Tuesday, 14'th Dec 2021 Business Recorder
TOKYO: Japanese shares ended lower as cautious investors refrained from placing big bets ahead of meetings by the US Federal Reserve and other central banks, while the spread of the Omicron coronavirus variant also dented risk appetite globally. The Nikkei closed 0.73% lower at 28,432.64, while the broader Topix gave up early gains to end 0.22% weaker at 1,973.81. "Caution grew among investors as lesser time remained until they hear the outcome of the FOMC meeting, which could set a path for accelerated tapering and rate increase," said Kentaro Hayashi, senior strategist at Daiwa Securities, referring to the Federal Open Market Committee. "Monetary tightening brings headwinds for the stock market." The US Fed on Wednesday is expected to signal a faster wind-down of asset purchases, while the European Central Bank, the Bank of England and the Bank of Japan will also meet to discuss normalizing their own monetary policies. Wider Asian equities also declined after British Prime Minister Boris Johnson warned of a "tidal wave" of new Omicron cases, and the World Health Organization said it poses a "very high" global risk.

Tokyo Electron (OTCMKTS:TOELY) Sets New 12-Month High at $139.18

11:44pm, Monday, 13'th Dec 2021 Dakota Financial News
Tokyo Electron Limited (OTCMKTS:TOELY)s share price hit a new 52-week high on Monday . The stock traded as high as $139.18 and last traded at $137.05, with a volume of 33155 shares traded. The stock had previously closed at $136.99. Several brokerages recently weighed in on TOELY. Zacks Investment Research upgraded Tokyo Electron from a []
Related Stocks: 6988 , SHL , ROG , NOVN , 8035 , SAN , CRGI , BEI , NOVOB , UCB , 4528 , 7203 , 4507 , DB1 ,
Tokyo Electron (OTCMKTS:TOELY) and Advanced Micro Devices (NASDAQ:AMD) are both large-cap computer and technology companies, but which is the superior stock? We will contrast the two businesses based on the strength of their risk, analyst recommendations, dividends, profitability, valuation, institutional ownership and earnings. Earnings & Valuation This table compares Tokyo Electron and Advanced Micro Devices []
TOKYO: Japanese shares fell on Friday, weighed down by tech stocks and caution ahead of US inflation data, but posted their first weekly gain in three on easing worries over the Omicron coronavirus variant''s impact on the pace of economic recovery. The Nikkei share average ended 1% lower at 28,437.77, but posted a 1.46% gain in its first weekly gain in three weeks. The broader Topix lost 0.77% to 1,975.48 and rose 0.9% for the week. "Technology and growth shares were affected by the Nasdaq''s weak finish overnight," said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management. Wall Street ended lower overnight, as investors booked some profits after three straight days of gains, with the tech-heavy Nasdaq falling more sharply than the S&P 500, while the Dow was virtually flat. "It is hard for investors to make bets ahead of the US CPI (Consumer Price Index) data this evening and the FOMC (Federal Open Market Committee) meeting next week," Ichikawa said. A higher-than-expected CPI reading would strengthen the case for a policy tightening decision at the US central bank''s meeting next week.

Japanese shares rebound as Omicron fears recede

05:03am, Wednesday, 08'th Dec 2021 Business Recorder
TOKYO: Japanese shares jumped on Wednesday as investors grew hopeful that the Omicron coronavirus variant may be less disruptive for the global economy than initially feared. As of 0120 GMT, the Nikkei share average was up 1.11% at 28,771.81 while the broader Topix added 0.61% to 2,001.85, both reaching their highest level since Nov. 26. Preliminary evidence indicates that Omicron likely has a higher degree of transmissibility but is less severe, top US infectious disease expert Anthony Fauci said on Tuesday. A broad range of equities advanced, led by a 2.7% rise in semiconductor-related stocks. Among them, Taiyo Yuden rallied 4.3% while Tokyo Electron added 2.4% and Lasertec went up 2.8%. Eletronics maker Omron surged 4% while game maker Nintendo added 3.1%. US stocks gained on Tuesday despite a rise in short-term bond yields, signalling that stock markets potentially digested the initial shock from worries that the Federal Reserve may accelerate tapering in its bond buying. But some market players remained cautious. "Looking ahead to next year, the Fed''s tapering and rate hikes will remain a big theme and I don''t think the market is completely done with corrections related to that," said Yuya Fukue, trader at Rheos Capital Works.
Stocks Soar On Optimism Omicron Is A Dud As Traders Focus On Growing China Stimulus U.S. index futures rallied, led by gains for Nasdaq 100 contracts, amid waning omicron worries and a booster shot of Chinese stimulus lifted world stock markets and oil on Tuesday and left traders offloading safe-haven currencies and bonds for the second day in a row. Emini S&P futures were up 61 point to 4,650.75 or about 120 points higher then where Gartman said "stocks are headed lower" some 24 hours ago. Nasdaq futures were up 1.8% and Dow futures rose 1% in premarket trading. In fact, futures are now just 50 points away from where they were below the Black Friday Omicron panic plunge. The FTSEurofirst 300 index was on track for its first back-to-back run of plus 1% gains since February while Asia saw record bounces from some of China''s biggest firms such as Alibaba which soared by the most since its 2019 listing in Hong Kong, leading a rebound in Chinese tech stocks, as bargain hunters piled in amid improved sentiment following Beijings move to bolster the economy.
Advanced Micro Devices (NASDAQ:AMD) and Tokyo Electron (OTCMKTS:TOELY) are both large-cap computer and technology companies, but which is the better business? We will compare the two companies based on the strength of their earnings, institutional ownership, dividends, profitability, analyst recommendations, risk and valuation. Earnings and Valuation This table compares Advanced Micro Devices and Tokyo Electron’s […]
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