The post-Christmas rally in global equities took a break on Thursday in Asia in the absence of any concrete details on U.S.-China trade negotiations. The yen and Treasuries ticked higher.
Stocks fell in Japan and futures pointed to lower starts in the U.S. and Europe, while Chinese equities fluctuated. The offshore yuan climbed to the strongest since August as the U.S. and China laid the ground for resolving trade issues, though S&P 500 Index contracts declined as some investors expressed disappointment at negotiations that seem likely to continue indefinitely. The dollar was steady and crude pulled back after climbing above $52 a barrel and entering a bull market.
US After Hours BBBY +16%, KBH +5%, UNP +2%, WDFC -2% following earnings/guidance
Nikkei -1.29% Hang Seng -0.01% CSI -0.19% Shanghai -0.36% Shenzen -0.27%
Eur$ 1.1554 CNH 6.7907 CNY 6.7872 JPY 107.87 GBP 1.2777 CHF 0.9730 RUB 66.84 TRY 5.5008 WTI$ 51.77 -1.13%
S&P -0.51% EuroStoxx -0.55% FTSE -0.52% Dax -0.62% SMI -0.39%
Macro :
- JPMorgan Sees $1.3b in Argentina MSCI Inflows as Stock Catalyst
- Profit Forecasts Are Cut Like It’s 2009. Don’t Worry About It
- Italy's Salvini Goes Recruiting for Nationalist Fight Against EU
Keep an eye on :
- ABBN SW : ABB to Cut Head Count, $500M/Year in Costs, CEO Says: WSJ
- ABN NA : ABN Amro to Sell EU2 Billion Loan Portfolio to NWB Bank
- AGN US : Allergan to look for tuck-in buys in the USD 1bn to USD 2bn range, CEO says
- AIR FP : Airbus Achieves 747 Net Aircraft Orders, 800 Deliveries in 2018
- AIR FP : Airbus’s Faury Says ‘Closing Gap’ With Boeing on Deliveries
- CARD LN : Card Factory Sees FY Adjusted Ebitda GBP89 Mln To GBP91 Mln
- ACA FP : Credit Agricole Takes EU70m Hit on Italy Unit in 4Q
- BBA LN : BBA Aviation is Oversold, Time to Buy Shares: Jefferies
- BALYO FP : Balyo Signs 7-Year Commercial Pact With Amazon
- BAS GY : BASF Picks Site for New $10 Billion Chemical Complex in China
- BAS GY : BASF Signs Framework Pact on Second Chinese Verbund Site
- BFSA GY : Befesa’s Biggest Shareholder to Sell About 8.8% Stake
- BMW GY : BMW Korea Fined 14.5b Won Over False Emissions Papers: Yonhap
- BOSN SW : Bossard Fourth Quarter Sales CHF212.1 Mln
- EN FP : Bouygues Telecom in exclusives talks to acquire Nerim (small)
- EN FP : Bouygues Unit Wins EU167M Croatia Istria Motorway Contract
- CRG IM : EU400m Would Secure Carige: Administrator Modiano Tells Stampa
- DBK GY : Bafin Tells Deutsche Bank to Reassess Data on Risky Clients: HB
- ENI IM : Italy Seeks to Suspend Ionian Sea Licences for Oil Drilling
- ETL FP : Eutelsat Too Cheap, Lacks Growth But Improving: Morgan Stanley
- FCA IM : *FIAT CHRYSLER SAID TO PAY CIVIL PENALTY LESS THAN $500 MILLION
- FNAC FP : Fnac Darty Sees EU45m Hit on Sales From Yellow Vest Protests
- GET FP : Getlink Dec. Passenger Shuttle Traffic Rises 1%
- HFG LN : Hilton Food Says Trading Outlook Remains Positive
- HYQ GY : Buy Hypoport, Europace May Gain 50% Market Share, Berenberg Says
- JUP LN : Jupiter Assets Under Management GBP42.67 Bln
- KER FP : Gucci Growth in 4Q Should Reassure Kering Investors, RBC Says
- KORI FP : Korian Expands With Acquisitions in Spain, Germany, France
- MC FP : Luxury M&A Main Upside Risk as Kering, LVMH Top Picks: Berenberg
- EMG LN : Kuwait Fund Sues Man Group to Seek $156 Million, Stock Falls
- MKS LN : Marks & Spencer 3Q Food Comparable Sales Beat Est.
- MAU FP : New Venezuela PDVSA Contracts Are ’Fake,’ Congress Says
- NHY NO : Hydro Says Timing to Resume Full Alunorte Output Still Uncertain
- OSR GY : Osram to Buy Back Shares With Maximum Value EU225 Mln by Nov. 10
- OSR GY : Osram CEO Tells German Paper ‘Dark Clouds’ Ahead After Tough Qtr
- PGHN SW : Gordon Brown to Be Adviser for PE Firm Partners Group: WSJ
- PMO LN : Premier Oil Full Year Avg Production 80,500 Boe/D
- PROX BB : Proximus to Lay Off 1,900 Workers; to Hire 1,250: Belga
- RNO FP : Carlos Ghosn Has Been Dutch Tax Resident Since 2012: Liberation
- RNO FP : Nissan Has Briefed French Government on Own Ghosn Probe: Yomiuri
- RNO FP : Tokyo Court Rejects Ghosn Appeal Over Detention
- RNO FP : Ghosn Comes Down With High Fever, Halting Interrogation: Kyodo
- RIO LN : Rio Tinto Says Parts of Cape Lambert Port Closed After Fire
- SAN FP : Sanofi: Cablivi Phase 3 Trial Met Primary Endpoint
- SAN SM : Santander Launches EU620M Debt Fund for Company Growth
- SEBA SS : SEB Joins Other Swedish Banks in Raising Mortgage Rates
- G24 GY : Scout24 Buyout Talks With PE Firms Have Stalled: DealReporter
- SW FP : Sodexo 1Q Solid, Puts Caterer on Track for FY Target: Bernstein
- SW FP : Sodexo 1Q Rev. Rises 6.8% to EU5.67B; Confirms Annual Objectives
- SQ US : Square Deepens E-Commerce Push With Payments Processing in Apps
- SZU GY : Suedzucker Confirms FY Forecast as 9m Revenue, Op. Profit Drop
- TKWY NA : Takeaway Fourth Quarter Orders 29.9 Mln
- TTK GY : Takkt to ’Reposition’ Hubert Group as Large Deal Set to End
- FTI FP : TechnipFMC Names Doug Pferdehirt Chairman Replacing Pilenko
- TSCO LN : *TESCO CHRISTMAS UK LFL SALES +2.2%, EST. +1.1%
- UBER IPO : Uber and Lyft IPO Timing Is Said to Be Left in Limbo by Shutdown
- UBSG SW : UBS May Face Big Writedowns on Credit Assets: Societe Generale
- UBSG SW : UBS Is Said to Require Orcel to Wait Until April for New CEO Gig
- FR FP : French Govt Seeks Companies Interested in Car Batteries
- VAN BB : Van de Velde Reports EU205.2M Annual Turnover vs EU209.0M Y/Y
- VIV FP : Canal Plus Plans Subscription VOD Svc to Counter Netflix: Echos
- VOD LN : Vodafone Seeks to Cut About 1,000 Jobs in Spain: Independiente
- VOW3 GY : VW Board Is Said to Mull Broader Ford Tie-Up Before Detroit Show
- VOW3 GY : VW Is Said to Set Up China Venture for Charging Electric Cars