Asian stocks climbed after the Trump administration de-escalated its trade war with China, providing some relief to under pressure risk assets. Still, softer than expected Chinese data kept sentiment in check with Treasuries edging higher and the yen clawing back some of Tuesday’s loss.
Stocks climbed across most of the region after the S&P 500 Index had its biggest intraday gain in more than two months. Washington said it was delaying until mid-December the 10% tariff on some Chinese-made products that are high on many holiday-shopping lists such as phones, laptops and toys. China said it was sticking to September trade talks with the U.S. The offshore yuan slipped along with the Australian dollar as Chinese retail sales and industrial output data missed estimates.
US After Hours REAL +12%, GO +11%, MYGN -16.5%, ADPT -10.2%, CDK -9%, TLRY -8.5% among notable earnings/guidance movers
NKY +0.99% Hang Seng +0.58% CSI +0.69% Shanghai +0.64% Shenzen +1.01%
Eur$ 1.1170 CNH 7.0347 CNY 7.0187 JPY 106.40 GBP 1.2059 CHF 0.9759 RUB 65.0036 TRY 5.5794 WTI$ 56.48 -1.09%
S&P -0.10% EuroStoxx +0.03% FTSE +0.32% Dax -0.01% SMI +0.32%
Macro :
- China Sticking to September U.S. Trade Talks After Tariff Delay
- Morgan Stanley Says to Keep Pricing In Trade-War Escalation
- Buying the U.S. Stock Dip Looks Like a Losing Proposition to UBS
Keep an eye on :
- ADL GY : Adler Real Estate First Half Ebit EU214.0 Mln
- ADO GY : ADO Properties Maintains Full Year FFO I About EU65 Mln
- AMS SW : AMS Takeover of Osram Is Not Too Big for Company, CEO Tells FuW
- ASCN SW : Ascom Initiates Evaluation of Strategic Options, Dumps ’19 Goals
- SPR GY : Axel Springer 1H Adj. Ebitda Down 2.7% to EU344.8 Mln
- BARC LN : Barclays No Longer Working With Coinbase, Coindesk says
- B5A GY : Bauer First Half Ebit EU35.3 Mln
- BELL SW : Bell Reports 1H Loss; Aims to Increase Prices in 2H
- GBF GY : Bilfinger 2Q Adj Ebita Rises 47%, Forecast Confirmed
- CHAM SW : Cham Group to Delist From Zurich’s SIX to Trade Off Exchange
- EVT GY : Evotec Raises FY Guidance; 1H Adj. Ebitda Up 51%
- GSC1 GY : Gesco 1Q Net Down 34%; Sees FY Net at Lower End of Guidance
- HHFA GY : Hamburger Hafen 1H EBIT EU114.3M; Confirms 2019 Forecast
- HEIJM NA : Heijmans Wins 10-Year Maintenance Contract From Liander
- HEX NO : Hexagon Composites Second Quarter Ebitda Misses Lowest Estimate
- HIAG SW : HIAG Stops Development of Multicloud Platform
- LEO GY : Leoni Second Quarter Ebit Loss Wider Than Estimates
- LUN DC : Lundbeck Second Quarter Ebit Misses Lowest Estimate
- NNIT DC : NNIT Second Quarter Revenue Misses Lowest Estimate
- NDX1 GY : Nordex Maintains Full Year Ebitda Margin 3% To 5%
- NOFI NO : Norwegian Finans Holding 2Q Net Income 1.9% Above Est.
- RYA ID : Ryanair’s Irish Pilot Union to Enter Mediation on Dispute
- SCHP SW : Schindler Maintains Full Year Revenue +4% To +6%
- SEM AV : Semperit First Half Ebitda EU39.1 Mln
- SAE GY : Shop Apotheke 1H Adj Ebitda Loss Widens to EU9.6m; Confirms View
- SIP BB : Sipef NV First Half Loss Per Share 50c Vs. EPS $2.37 Y/y
- SPD LN : Sports Direct Seeks U.K. Help As It May Fail to Hire Auditor: FT
- SNH GY : Steinhoff International Says SEAG, SFHG Completed Restructuring
- STMN SW : Straumann Raises FY Guidance; 1H Rev. +16% Meeting Estimates
- VZN SW : VZ Holding First Half Operating Revenue CHF148.8 Mln
- ZO1 GY : Zooplus First Half Ebitda EU4.5 Mln