Stocks in Asia fell along with U.S. equity futures, the yuan and Treasury yields as investors awaited details on the counter-measures China warned it would impose following last week’s escalation in the trade war between the world’s top two economies.
With no date scheduled for a resumption in bilateral talks, shares dropped in Shanghai and Seoul, while declines were more limited in Tokyo. Hong Kong is closed Monday for a holiday. S&P 500 Index futures fell as much as 1.2%. Ten-year U.S. yields were hovering near the lowest level since early April, just above those on three-month bills. Commodities slipped, led by copper, while the yen edged higher.
Nikkei -0.77% Hang Seng Closed CSI -1.48% Shanghai -1.02% Shenzen -1.04%
Eur$ 1.1231 CNH 6.8893 CNY 6.8579 JPY 109.71 GBP 1.3013 CHF 1.0110 RUB 65.3092 TRY 5.9844 WTI$ 61.76 +0.15%
S&P -1.065% EuroStoxx -0.03% FTSE +0.03% Dax -0.07% SMI +0.32%
Macro :
- China, U.S. Trade Talks Stalled Over Three Areas, Xinhua Says
- Liu Says China, U.S. to Continue Talks in Beijing in Future
- 1MDB’s Jho Low, Rapper Pras Michel Indicted Over Obama Donation
- Yuan May Weaken to 6.95 Per Dollar on Trade Tensions: NatWest
Keep an eye on :
- AC FP : Accor in Talks to Invest Up to $40m in Treebo: Economic Times
- AGS BB : Ageas Joins Bidding Process for Spanish Insurer Caser: Cinco
- AGR AV : Agrana Full Year Net Income EU25.4 Mln
- ALM SM : Almirall First Quarter Ebitda Beats Highest Estimate
- ATRS AV : Atrium Agrees to Sell Polish Malls to ECE for 298 Million Euros
- AVP US : *AVON FALLS 2% AS NATURA DENIES REPORT OF LOAN FOR TAKEOVER
- BAYN GY : Financial Firms Vie to Buy Assets from Bayer: Handelsblatt
- BAYN GY : Bayer Hires Law Firm to Probe Monsanto’s Stakeholder Mapping
- BMW GY : BMW, Daimler to Review Hungary Ramp-Up Plans: Handelsblatt
- CA FP : Carrefour Says Brazil Unit Atacadao Records Tax-Case Provision
- CNE LN : Cairn Energy Is Said to Seek Sale of Norwegian Oil-Field Stake
- CRG IM : Carige May Attract PE Funds After BlackRock Exit, Newspapers Say
- CWC GY : Cewe Stiftung FY Ebit View Midpoint 3.7% Below Est.
- DAI GY : China's BAIC seeks to buy 5 percent Daimler stake - sources - https://reut.rs/2VfTmqb - Reuters
- DAI GY : Mercedes-Benz Mulls Moving C-Class Output Out of U.S.: Auto News
- PBB GY : Deutsche Pfandbriefbank Confirms Guidance as 1Q Profit Unchanged
- EOAN GY : EON 1Q Adj. Ebit Falls 8%, Slightly Beats Estimates
- ENX FP : Euronext to Buy Oslo Bors by End-June After Norway Clearance Norway Doesn’t Set Ownership Level Requirement for Oslo Bors
- FAGR BB : Fagron Buys Mexico-based Cedrosa for EU16.5m in Cash
- FRE GY : Fresenius Seeks Potential Buyers for Transfusion Business: FAZ
- FGP LN : Coast Capital Calls for FirstGroup to Replace Six Directors: FT
- GEO IM : Geox First Quarter Revenue Meets Estimates
- GLEN LN : Zambia Tells Glencore to Surrender Shafts Set to Close
- HYQ GY : Hypoport First Quarter Ebit EU8.0 Mln
- IBE SM : Neoelectra, SDCL May Buy Iberdrola Co-Gen. Plants: Confidencial
- ISP IM : Italy’s Banca IMI Pleads Guilty to Bid-Ridding Scheme for ADRs
- MKS LN : M&S Changes Make It More ‘Relevant,’ Upgrade to Buy: Citi
- MRK GY : Merck KGaA Will Pursue MS Pill Alone After Mixed Trial Results
- MTRO LN : *METRO BANK EXPLORES SALE OF MORE THAN GBP1B WORTH OF LOANS: FT
- NOVN SW : Novartis Eyes Zolgensma Discounts to Get Insurer Coverage: Rtrs
- NOVN SW : Novartis Issues Voluntary U.S. Recall of Promacta, FDA Says
- NSF LN : NSF Plans to Push Ahead With Hostile Bid for Provident: Times
- ORSTED DC : Orsted CEO Says Solar, Onshore Wind Provide Options, JP Reports
- PFG LN : Coltrane Rejects NSF’s Hostile Bid for Provident: Times
- REE SM : Red Electrica to Carry Out Reorganization, Expansion Reports
- RNO FP : Renault Makes Formal Merger Proposal to Nissan, TBS Reports --> Nissan +0.76%
- ROG SW : Chugai (4519) -1.55%
- RDSA LN : Delek: Gulf of Mexico Deal Canceled as First Refusal Executed
- SAL IM : Salini Wins EU530m Contract in Turkey for High-Speed Train
- SGKN SW : St.Galler Kantonalbank Offers New Shares Between CHF415-CHF440
- 9984 JP : SoftBank Group Falls As Much As 4.9% After Uber’s Post-IPO Slump
- SOI FP : Soitec Agrees Acquisition of EpiGaN for EU30m
- STARB SS : Starbreeze Divests Its Indian Subsidiary Dhruva for $7.9m
- STOB LN : *STOBART GROUP TO PICK DAVID SHEARER AS NEW CHAIR: SKY
- TELIA SS : Telia Gets EU Probe Into Takeover of Bonnier TV Operations (1)
- TKA GY : Thyssenkrupp Reaches Pact With IG Metall for Job Cut Program
- TKA GY : Thyssenkrupp Open to Partnerships, Asset Sales: Handelsblatt
- TIS IM : Italian Investors Agree to Buy 22% Stake in Tiscali
- FP FP : Goes Further in Liquefied Natural Gas With $8.8 Billion Deal in Africa - WSJ - https://on.wsj.com/30e8zLN
- UBER FP : Uber's Fall Could Postpone Payday for Kalanick, Early Investors
- UNA NA : Unilever Considers $1 Billion Bid for Skincare Brand: Telegraph
- VIFN SW : Vifor Pharma’s Phase-II Amber Study Meets Primary Endpoint
- VOD LN : Vodafone May Sell Tower Firm Stake to Redeem Pledged Shares: ET