Overseas Headlines – July 18, 2022

July 18, 2022

 

United States:

Equity Futures Gain as Rate Bets Ease; Bonds Fall: Markets Wrap

US equity futures rose while bonds retreated on speculation the Federal Reserve will take a more measured approach to policy tightening, easing recession fears.

Contracts on the Nasdaq 100 and S&P 500 pared earlier gains of more than 1% but remained higher after Gazprom reportedly declared a “force majeure” on gas supplies to Europe to at least one major customer. The benchmark Treasury yield rose 6 basis points, closing in on the 3% threshold.

https://www.bloomberg.com/news/articles/2022-07-17/asia-stocks-may-get-tailwind-from-us-dollar-mixed-markets-wrap?srnd=markets-vp

Europe:

EU Signs Deal to Double Azeri Gas Imports in Shift From Russia

The European Union reached a deal to double natural gas imports from Azerbaijan in a bid to help replace Russian fossil fuels amid a worsening energy crisis following President Vladimir Putin’s invasion of Ukraine.

https://www.bloomberg.com/news/articles/2022-07-18/eu-signs-deal-to-double-azeri-gas-imports-in-shift-from-russia?srnd=markets-vp

Asia:

Hong Kong Stocks Rebound After Flirting With Correction Levels

Hong Kong’s stocks climbed on Monday, with a rally in beaten-down property and technology names helping the benchmark index rebound from the brink of a technical correction.

The Hang Seng Index jumped 2.7%, snapping a five-day loss. Country Garden Holdings Co. — China’s largest builder — was among the top gainers following a report that the nation’s banking regulator urged lenders to support the real estate sector amid a growing mortgage boycott. A gauge of tech shares closed 3% higher.

https://www.bloomberg.com/news/articles/2022-07-18/hong-kong-stocks-rebound-after-flirting-with-correction-levels?srnd=markets-vp

 

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2022-07-18T15:24:55-05:00