Stocks in Asia were mixed at the start of the week as investors digested U.S. President Donald Trump’s threat to escalate the trade war with China. The dollar and Treasury yields held gains as a rise in U.S. wages bolstered the prospects for further interest-rate hikes.
Equities sank in China and Hong Kong’s benchmark index flirted with bear-market territory, while stocks edged higher in Japan and were little changed in Australia and South Korea. European futures pointed to modest gains as did their U.S. counterparts. Emerging-market shares declined. Oil rebounded from the biggest weekly loss in two months on speculation of a crude-supply shortage.
Macro :
- China Aug. Trade Surplus Against U.S. $31.05B (China Aug. exports to U.S. was $44.3851b and imports from U.S. was $13.3302b)
- Greece to Provide EU w. Plan to Avoid Pension Cuts: Tsipras
- Hedge Fund Balyasny Hires Chris Chesney as COO of Macro Business
- Le Maire: France to Propose Sunset Clause for Digital Tax
- Trump Says Days of U.S. Being Ripped Off By Other Nations Over
- Middle East Luxury Spending the Next Oil Rush for Premium Brands
- Liechtenstein Has no Plans to Join Euro, Prince Tells Luzerner
- Rise in Asset Correlations Signals Risk of Volatility, Citi Says
Keep an eye on :
- ABC LN : Abcam Full Year Revenue Meets Estimates
- ABF LN : Primark Sees Margin Rising and Stable Profitability Next Year
- AF FP : Air France KLM CEO To Get EU4.5M If Forced to Leave
- AF FP : Air France-KLM Total Group Aug. Passenger Traffic Rises 3.3%
- AZA IM : Italy Could Seek EasyJet or Delta Deal for Alitalia: Repubblica
- BABA US : *ALIBABA SHARES FALL 1.4% ON REPORT CHAIRMAN JACK MA TO RETIRE
- AAPL US : Trump Urges Apple to Make Products in U.S. Instead of China
- Aston Marti IPO : Aston Martin May Name Penny Hughes as Chair Before IPO: Sky News
- ATO FP : Atos Purchase of Syntel Wins U.S. CFIUS Clearance
- BBVA SM : BBVA Mexico Unit to Cut About 1,500 Jobs, EL Economista Reports
- CBS US : CBS Is Said to Be Close to Cutting Ties With Moonves: CNBC
- CLN SW : SABIC to Close Clariant 24.99% Stake Purchase in Coming Days
- CC1 GY : Consus Real Estate Rated New Buy at Deutsche Bank; PT 12 Euros
- DBK GY : Deutsche Bank Plans No Big Relocations From U.K.: DPA (Sept. 8)
- DTE GY : German Minister Wants to Keep Deutsche Telekom Stake: FAS
- DEB LN : Debenhams hires KPMG to work on turnaround plan; Euler Hermes cuts credit coverage for suppliers
- DBHN GY : Deutsche Bahn in ‘Difficult Situation’: Paper Quotes CEO Letter
- ENI IM : Eni Says It Reached Zohr Field Production Target
- FCA IM : Brazil Jeep Output Stopped on Demand, Maintenance: Fiat Chrysler
- FNAC FP : FIB Is Said Ready to Take Control of La Grande Recre: Le Figaro
- FCT IM : Fincantieri-STX Success is a Priority: France’s Le Maire
- G IM : Galateri Says He’s Not Worried About Takeovers: Radiocor
- GSK LN : Glaxo’s Mepolizumab Needs More Clinical Data for FDA Approval
- INDV LN : Indivior Says Prepays $150m of Outstanding Term Loan
- INTC US : *INTEL SAYS PROPOSED U.S. TARIFFS WOULD `STIFLE' 5G GROWTH: RTRS
- LDO IM : Leonardo CEO: Helicopters Division Performing Very Well
- LUX IM : Luxottica to Improve Transparency of Australian Franchises: ACCC
- NESN SW : Nestle Considers Introducing Blue Bottle Coffee in Europe: FT
- PSON LN : Pearson College-Book Market Share Drop Could Worsen: Berenberg
- CFR SW : Richemont 5-Month Constant FX Sales Beat Estimates
- CFR SW : Richemont Names Jerome Lambert as CEO With Immediate Effect
- ROG SW : Roche Upgraded, U.S. Biosimilars May Be Delayed: New Street
- SBRY LN : Sainsbury’s CEO Says Probe Could Force Asda Merger Halt: FT
- SCR FP : Covea Can Afford to Pay ‘Considerably’ More For Scor: Jefferies
- GLE FP : Unicredit chairman rules out merger in short term
- STAN LN : Standard Chartered Upgraded to Buy at Investec
- SREN SW : Swiss Re Sees Broadly Stable Rates in 2019
- TIT IM : Telecom Italia shareholder Vivendi says Sparkle sale will have to be agreed with Italian government
- VOW3 GY : More Former VW Managers Claim Unfair Dismissal: Handelsblatt
- VOLVB SS : Volvo Cars CEO Says IPO Won’t Happen Immediately: FT
- WTW US : *WEIGHT WATCHERS GAINS 4.3% POST-MARKET ON S&P MIDCAP INCLUSION
- ZAL GY : Zalando Founders Don’t Plan to Sell Shares: BamS