Asian stocks extended a rally after their recent battering drove valuations to a two-year low, following a technology-supported advance in U.S. equities. The dollar held declines after U.S. inflation unexpectedly cooled in August.
With the dollar heading for its biggest weekly loss since February, prospects for U.S.-China trade talks and action by Turkey to support its currency, it all made for a positive tone Friday. Shares in Japan, South Korea and Hong Kong climbed, while China stocks underperformed. Oil headed for a weekly gain as traders keep watch on Hurricane Florence’s path to the U.S. east coast.
US After Hours SHLD +28%, RLGT / CSBR +19% following earnings/guidance
Nikkei +1.20% Hang Seng +1% CSI +0.44% Shanghai +0.13% Shenzen -0.20%
Eur$ 1.1696 CNH 6.8512 CNY 6.8545 JPY 111.982 GBP 1.3112 CHF 0.9652 TRY 6.0837 RUB 68.4486 WTI$ 68.73 +0.20%
S&P +0.05% EuroStoxx +0.27% FTSE +0.36% Dax +0.39% SMI +0.13%
Macro :
- ECB’s Draghi Seeks Tougher Policing of $49 Trillion Shadow Banks
- Citrone Sees Dollar Higher, Says Sell Europe, Emerging Markets
- Canadian Pot Stocks Fall on Report of Potential U.S. Travel Bans
- VIX Options Volume Soars as Someone Bets Big on Volatility Spike
- Warren Says Financial Giants Should Be Brought Down to Size
Keep an eye on :
- AIR FP : Airbus Replaces Sales Head Schulz After Less Than a Year
- ALV GY : Euler Hermes Sees 5%/Yr Rev. Growth Through 2021: CEO to Echos
- AST IM : JPMorgan Might Pull Out Of Astaldi Capital Increase: Sole
- ATL IM : Italy Govt Approves Emergency Decree After Genoa Bridge Collapse
- AKZA NA : Carlyle’s AkzoNobel Mega Financing Draws Scrutiny Over Clause
- AZN LN : AstraZeneca Gets FDA Approval for Lumoxiti to Treat HCL
- BOTHE BB : Bone Therapeutics Reports Positive Phase I/IIA Results For Allob
- BBGI LN : BBGI SICAV Raises GBP67.2m Via Oversubscribed Placing
- CRG IM : Bank of Italy Questions Banca Carige Shareholders’ Accord
- CBG LN : Close Brothers Selling Retail Finance Business to Klarna Bank
- CLTN SW : Coltene to Finance SciCan, MicroMega Deal with Cash, New Shares
- COIC SS : Concentric Sees Loss of Sales in 2019 After Losing Contract
- DANSKE DC : Danske CEO Was Warned Estonia Business Needed Review in ’13: FT
- DBK GY : Deutsche Bank Is Said to Plan Naming Kuhnke to Management Board
- DSY FP : Dassault Systemes to Join French CAC 40 Index Following Review
- EFGN LN : EFG International Risk Chief to Step Down to Join Raiffeisen
- JB7 GY : Deutsche Industrie REIT-AG Raises EU15m from Private Placement
- JDW LN : J D Wetherspoon Full Year Adjusted Pretax Profit Meets Estimates
- EDF FP : EDF Shares Fall the Most Since May as Carbon Permits Slump
- FRE GY : Fresenius Says FDA Found Many Problems in Akorn Plant Review
- GLPG NA : Galapagos, MorphoSys Start Phase 1 Study With MOR106
- ILD FP : Italy 5G Auction Bids Raised by EU345.4M to EU2.83B
- KPN NA : KPN’s Largest Shareholder América Móvil Cuts Stake To 16.08%
- LXS GY : Lanxess Growth Seen Limited by Auto Cycle, New Sell at Berenberg
- MS IM : Mediaset’s Publitalia CEO Says FY Ad Sales ‘Positive’: Ansa
- NIO US : NIO Jumps 76% on Electric-Car Maker’s Second Day of U.S. Trading
- NOKIA FH : SK Telecom Picks 3 Preferred Negotiators for 5G Gear (1)
- B4B GY : Metro Starts Retail Unit Sale Process, Focuses on Wholesale
- RNO FP : Renault Marcel Unit Starts Electric-Only Ride-Hailing in Paris
- RNO FP : Nissan to Cut Europe Back-Office Workforce by Up to 10%: Nikkei
- ROG SW : Genentech: FDA Okays Actemra Injection for Juvenile Arthritis
- RYA LN : Ryanair Signs Pact With Flight Attendants Based in Italy
- SCR FP : Scor in Talks to Sell Rehalto Unit to Workplace Options
- SCR FP : Scor Likely to See Further Deal Buzz After Covea Rejection: UFP
- SHP LN : Takeda Says Shire Purchase Gets China’s SAMR Clearance
- TIT IM : Italy 5G Auction Bids Raised by EU345.4M to EU2.83B
- VOD LN : Vodafone analyzing European tower separation, CEO says
- VOW3 GY : Volkswagen of America to End Production of Beetle in 2019
- VOW# GY : VW Said to Plan Production Pause Due to Weak Golf Demand: HB