Asian stocks trended lower Wednesday as the American earnings season began and with no sign of a quick end to the stalemate over U.S. fiscal stimulus. Treasuries and the dollar were steady.
Hong Kong equities dipped as trading resumed after closures Tuesday due to a tropical storm. China Evergrande Group shares slumped after the embattled developer raised less than anticipated in a share sale. A speech from China President Xi Jinping in Shenzhen on Wednesday where he laid out a broad vision for the region’s growth provided little in the way of market-moving news.
Losses were modest across the region, and U.S. and European futures ticked up. The won was little changed after the Bank of Korea kept its key interest rate on hold as expected. Crude oil dipped.
Banks earlier dragged down the S&P 500 index. JPMorgan Chase & Co. and Citigroup Inc. sank as investors worried that third-quarter earnings signaled just a pause in pain from soured loans. Eli Lilly & Co. dropped after saying that enrollment in a government-sponsored clinical trial of its antibody therapy had been paused out of safety concerns.
US After Hours MDRX +51% jumps on deal to sell its CarePort Health business; BBBY +5.3% up on deal to sell non-core assets
Nikkei +0.13% Hang Seng -0.12% CSI -0.78% Shanghai -0.69% Shenzen -0.68%
Eur$ 1.1746 CNH 6.7334 CNY 6.7385 JPY 105.45 GBP 1.2918 CHF 0.9150 RUB 77.2070 WTI$ 40.09 -0.32%
S&P +0.21% EuroStoxx +0.15% FTSE +0.40% Dax +0.17% SMI -0.
Macro :
- U.K. Labour Calls For Short National Lockdown to Slow Virus
- London’s Wealthy Are Paying Top Dollar for City’s Mega-Mansions
- France’s Le Drian: No Deal Brexit Looks Likely at This Point
Keep an eye on :
- ASML NA : ASML Sees 4Q Net Sales EU3.6 Bln to EU3.8 Bln, Est. EU3.72 Bln
- AMAST SS : Amasten Makes Public Takeover Offer to SSM Shareholders
- ATL IM : Atlantia Ready to Discuss Sale of Its 88% of Autostrade to CDP
- BOOM LN : Audioboom Has Agreed to Sell 10% Stake to Singapore Investor:Sky
- BARC LN : Barclays Hires M&A Banker Gauthier Le Milon from BNP Paribas
- BAYN GY : Bayer Expects EPA Approval for Dicamba Soon in Herbicide Battle
- BOSN SW : Bossard Sees Full Year Sales CHF780 Mln to CHF800 Mln
- 1COV GY : Covestro to Offer Up to EU450m Shares to Trade On Oct. 16, Prices 10.2m Shares at EU43.85/Share
- DNP GY : Dermapharm Holder Themis Beteiligungs-AG to Offer 5.38m Shrs
- EDPR PL : EDPR Says It Agrees to Sell Energy From Solar Projects in Ohio
- GSK LN : GSK Split Should Unlock Significant Value, Intron Raises to Buy
- NK FP : Magris Resources to Buy Imerys’ N. America Talc Assets for $223m
- KESKOB FH : Kesko Sept. Sales From Continuing Operations EU927.8 Mln
- MMB FP : Bernard Arnault continue de monter au capital de Lagardère
- MB IM : Adviser ISS Backs Mediobanca’s List of Board Candidates: Sole
- MCOVB SS : Medicover 3Q Prelim. Rev €262.5M, Est. €240.5M
- MCPHY FP : McPhy to Offer Shares via Bryan Garnier & Company, McPhy Offering Prices at EU23.50/Share
- MCPHY FP : New Strategic Partnerships & Simultaneous Launch of Anticipated € 150m Capital Increase
- NRS NO : Norway Royal Salmon, Midt-Norsk Havbruk Hold Merger Talks
- OR FP : L’Oreal Set to Name Hieronimus New CEO, Le Figaro Reports
- SALM NO : Icelandic Salmon Primary Offering Increased to About NOK500m
- SAS SS : SAS Drops Amid Rights Issue That DI Reports Investors Avoiding
- SKFB SS : Demand for Green Transport Powers Growth at Bearings Giant SKF
- TKWY NA : Just Eat Takeaway 3Q Orders Rose 46% as Dealmaking Drives Growth
- TES FP : Tessi to Sell Most of Its Spanish Business to Servinform
- TOM2 NA : TomTom 3Q Location Technology Revenue Beats Estimates (1)
- UCG IM : UniCredit Names Padoan to Board as Chairman Designate
- VOWG GY : VW Crushed the Iconic Beetle to Make Room for This Little SUV