The global stock slide continued in Asia Tuesday, though with signs of some moderation as investors retained bets that the U.S. and China will ultimately reach a trade deal. The yen dropped and the yuan rose.
While the S&P 500 Index slumped 2.4% Monday in the wake of China’s retaliation on American goods, Japan’s Topix index trimmed a slide of much as 2.1% Tuesday, and South Korea’s Kospi reversed declines. Chinese shares had modest losses. Hong Kong equities fell more than 1% as the market re-opened after a holiday. The offshore yuan clawed back some of Monday’s slump, as did S&P 500 futures, after President Donald Trump said he has a feeling that talks with China will be “very successful.” Ten-year Treasury yields hovered near the lowest level since late March.
US After Hours IMMR +14%, LMNR -7%, TME -6% among earnings/guidance movers
Nikkei -0.70% Hang Seng -1.52% CSI -0.05% Shanghai -0.23% Shenzen -0.20%
Eur$ 1.1238 CNH 6.8995 CNY 6,8754 JPY 109.63 GBP 1.2961 CHF 1.0066 RUB 65.3550 TRY 6.1012 WTI $ 61.10
S&P +0.53% EuroStoxx +0.55% FTSE +0.16% Dax +0.39% SMI +0.56%
Macro :
- Trump Warns China Against ‘Substantial’ Retaliation in Trade War
- Japan's Abe Says North Korea Missile Tests Broke UN Resolutions
- China May Release More Retaliatory Trade Measures: Global Times
Keep an eye on :
- ADEB NO : Adevinta First Quarter Net Income EU22.5 Mln
- ALV GY : Allianz 1Q Op Profit Beats Highest Est.; Maintains Views
- AUSS NO : Austevoll Seafood First Quarter Ebit Misses Estimates
- BAYN GY : Bayer Jury Awards $2 Billion Damages in Third Roundup Trial
- BAYN GY : *BAYER WILL APPEAL $2 BILLION ROUNDUP VERDICT IN CALIFORNIA
- B5A GY : Bauer 1Q Ebit Falls 5% as Revenues Rise; Forecast Confirmed
- BG AV : Bawag 1Q Profit Rises More Than Expected on Lower Risk Costs
- BEI GY : Beiersdorf Buys Coppertone From Bayer for $550m
- BMW GY : Maserati to Use BMW Self-Driving Technology, Fiat Chairman Says
- CPR IM : Campari Says 6.9m Employees’ Shares to Be Sold in Block Trade
- CUR GY : Medical Supplier Curasan Plans Restructuring
- DBV FP : DBV Says Deputy CEO Schilansky to Leave in August
- DUFN SW : Dufry 1Q Revenue Beats Highest Estimate; Loss CHF109.5 Million
- DWNI GY : Deutsche Wohnen First Quarter FFO I EU144.2 Mln
- EDF FP : EDF First Quarter Revenue EU20.97 Bln
- EDP PL : EDP Sells Portuguese 2019 Tariff Deficit for EU609m
- EPICME NO : Epic Gas Offering Prices 36.1m Shares at $1.66/Share
- EVT GY : Evotec 1Q Adj. Ebitda Beats Highest Estimate; Confirms Views
- FB US : Joe Biden Says He Would Be Open to Facebook Breakup: AP
- FB US : WhatsApp Voice Calls Used to Inject Israeli Spyware: FT
- FRA GY : Fraport April Frankfurt Airport Passengers +5.1%
- GETIB SS : Getinge CEO Sees Underlying Market Growth Staying Healthy: DI
- GMM GY : Grammer Maintains Full Year Rev. Forecast; ’19 EBIT to rise
- HFG GY : Rocket Internet to Place Complete Hellofresh Stake
- HOFI SS : Hoist Finance First Quarter Pretax Profit SEK226 Mln
- INH GY : Indus Holding First Quarter Revenue EU437.6 Mln
- IGY GY : Innogy 1Q Adj. Ebit Falls 22%, Confirms Outlook, Innogy Confirms 2019 Outlook of Adj. EBIT of EU2.3 Billion
- I US : Intelsat Rallies as Senators Urge Fast Action on 5G Spectrum (1)
- IPN FP : Ipsen Targets 2022 Group Net Sales of Around EU3.2b
- SDF GY : K+S Earnings Beat Estimates as CEO Hails ‘Great Momentum’
- LXS GY : Lanxess FY Adjusted Ebitda View Midpoint Meets Est.
- LSG NO : Leroy First Quarter Adjusted Ebit Misses Estimates
- M5Z GY : Manz Maintains Full Year Revenue +10% To +14%
- MAS SM : Masmovil Mulls Entering Portuguese Market, EL Economista Says
- MDG1 GY : Medigene Boosts Full Year Revenue Forecast
- MRK GY : Merck KGaA 1Q Adj. Ebitda Misses; 2019 Guidance Above Estimates
- MRL SM : Merlin First Quarter Adjusted Ebitda Beats Highest Estimate
- MER LN : PrimeStone Urges Board Changes at Mears, Has 2 Candidates
- NHH SM : NH Hotel First Quarter Loss EU17.3 Mln
- NDX1 GY : Nordex 1Q Sales EU398.9M, Est. EU431.3M; Confirms 2019 Guidance
- NDX1 GY : Nordex Wins Order for 74 Wind Turbines in U.S.
- OHL SM : OHL First Quarter Loss EU7.7 Mln
- PIRC IM : Pirelli to Reorganize Brazil, Invest EU120m Through 2021
- PRY IM : Prysmian Confirms 2019 Adj. Ebitda Guidance as Rev. Beats Est.
- PRY IM : Prysmian CEO Confirms Western Link Repair Works by End of May
- RNO FP : Nissan Is Said to Mull Buying Stake in Chinese Electric Carmaker
- RUI FP : Rubis First Quarter Revenue EU1.16 Bln
- SESG FP :U.S. senators urged regulators to “act quickly” to make airwaves used by the firm and rival Intelsat available for 5G communication.
- G24 GY : Scout24 First Quarter Revenue Beats Highest Estimate
- SIE GY : Siemens Portfolio Changes May Become Valuation Catalysts: Citi
- SON PL : Sonae Chairman Paulo Azevedo Says Business Is ’Going Well’
- SAX GY : Stroeer 1Q Sales Rise 14%, Adj. Ebitda Up 9%
- TKA GY : Thyssenkrupp 2Q Adj. Ebitda Falls 29%
- TTI GY : Tom Tailor Says Syndicate Banks and Fosun Continue Negotiations
- VIV FP : Macron Creates EU225M Fund to Support French Cultural Companies
- VON GY : Vonovia Offering Expected to Price at EU45.10 Per Share: Terms
- VOW3 GY : Volkswagen Revives Traton Truck Unit IPO Plan
- VOW3 GY : *VW SUPERVISORY BOARD APPROVES PLAN TO PRODUCE BATTERY CELLS
- WPP LN : Roland Rudd Approached WPP About Finsbury Buyout, FT Reports