Asian equities declined on continued investor concern about the impact of American tariffs on the global economy. The euro slid after initial results from the Italian election suggested a hung parliament. Stocks fell from Tokyo to Sydney, with the steepest drop seen in Hong Kong. Materials, industrial and energy shares underperformed. U.S. equity futures retreated, muting the impact of the S&P 500 Index’s late rally Friday. Shares in Shanghai outperformed, as China kept its 2018 growth target of around 6.5 percent. The dollar strengthened and Treasury yields declined. The euro weakened against the greenback as Italy’s anti-establishment groups surged in Sunday’s election. Before the close of polling stations, it had risen on news from Germany that the Social Democrats backed a government coalition with Angela Merkel’s Christian Democrat-led bloc.
Nikkei -0.66% Hang Seng -1.32% CSI +0.01% Shanghai +0.07% Shenzen +0.42%
Eur$ 1.2296 CNH 6.3357 CNY 6.3333 JPY 105.46 GBP 1.3790 CHF 0.9367 RUB 56.9160 WTI$ 61.42 +0.28%
S&P -0.63% EuroStoxx -0.12% FTSE +0.19% DAX -0.20% SMI +0.36%
Macro :
- Concerns Over Italian Vote Likely Limited For Now: Street Wrap
- S&P 500 Weakness Doesn’t Mean Correction Will Resume: JPMorgan
- Russian Billionaire Deripaska Gets Cypriot Passport: Guardian
- EU Will Take U.S. Steel Tariff Countermeasures: Katainen in HB
Keep an eye on :
- ADP FP : France’s Borne Says No Decision Yet on Govt ADP Stake: LCI
- AENA SM : Aena Set to Increase Dividend Policy: EL Confidencial
- AIR FP : Airbus’s 3,600 Job Cuts Seen as Worst-Case Scenario: Augsburger
- ATC NA : Altice Seeks Watchdog Ruling on M. Capital by April 13: Expresso
- AV/ LN : Aviva to Set Up Team of Fund Managers in Edinburgh: S. Telegraph
- CS FP : Axa to Buy XL Group for $57.60/Share, Total Consideration $15.3B
- BAS GY : BASF Is Said in Talks With Bayer to Buy Veg. Seeds Unit: Reuters
- BATS LN : Japan Tobacco Sector in ‘Major Structural’ Shift, Goldman Says
- CERV IM : Cerved to Add 400 Staff on Credit Mgmt Growth: CEO to Repubblica
- DAI GY : Geely Hasn’t Yet Raised Board Seat Issue With Daimler: Li Shufu
- DAI GY : Daimler Board Said to Oppose Technology-Sharing With Geely: FAS
- DLG GY : Dialog Semiconductor to Stay Independent: CEO to Euro Am Sonntag
- ELIOR FP : Elior Wins EU500M 8-Year Catering Contract In Barcelona Airport
- EMMI SW : Emmi Full Year Ebit 1.5% Above Estimates
- HELN SW : Helvetia Full Year IFRS Net 4.0% Below Estimates
- IGY GY : Innogy CFO Guenther Was Victim of Acid Attack
- NHY NO : Hydro Names CFO Eivind Kallevik Interim Head Bauxite and Alumina
- PHIA NA : FDA Made 9 Observations in Philips Medical Plant Inspection
- UG FP : PSA to Decide on Engine Production in Russia This Year: Interfax
- UF FP : PSA’s Opel to Cut Costs Using Shared Purchasing: Automobilwoche
- PAH3 GY : Porsche Designing Drones for Passenger Transport: Automobilwoche
- RFRG NA : Refresco Full Year Adjusted EPS Misses Lowest Estimate
- SIE GY : Siemens Healthineers Price Range Set at EU26 to EU31/Share
- WAF GY : Siltronic Full Year Dividend Per Share EU2.50
- SNBN SW : SNB Posts CHF54.4b Profit for 2017, Allowing CHF2b Payout
- LOCAL FP : SoLocal May Sell ’At Least’ Another Business in Coming Months
- TIT IM : Tel. Italia Board to Meet March 5 on Persidera: IL Sole
- SNOW NA : W.A. Moerman Quits 5% Stake in SnowWorld: AFM Filing
- SONG NO : Songa Offshore Says CFO Jan Rune Steinsland Resigned
- VIV FP : Tel. Italia Board to Meet March 5 on Persidera: IL Sole
- VOW3 GY : VW Wins Dismissal of Bondholder Case in U.S. District Court
- VOW3 GY : VW Said to Plan Truck, Bus Unit IPO by Spring 2019: Handelsblatt