Stocks dropped in Asia after Wednesday’s U.S. sell-off, though losses weren’t as severe, after the inversion of part of the Treasury yield curve raised recession fears. The yield on 30-year Treasuries dropped below 2% for the first time.
Shares in Australia bore the brunt of losses, with stocks also lower in Japan. Hong Kong equities pared their retreat and S&P 500 Index and European futures climbed along with the yuan as China’s central bank added liquidity to the financial system. Still, caution remained as Treasuries extended gains after the 10-year yield slid below the two-year for the first time since 2007. Bonds also climbed in Australia and New Zealand, while crude oil extended losses and gold edged higher.
US After Hours CGC -11.5%, CSCO -8%, A / VIPS +8%, PRSP +7%, NTAP +4% among notable earnings/guidance movers
Nikkei -1.21% Hang Seng +0.09% CSI -0.15% Shanghai -0.21% Shenzen -0.01%
Eur$ 1.1150 CNH 70407 CNY 7.0268 JPY 105.94 GBP 1.2062 CHF 0.9743 RUB 65.7327 TRY 5.5601 WTI$ 55.17 -0.11%
S&P +0.64% EuroStoxx +0.45% FTSE +0.22% SMI +0.36%
Macro :
- Bond Rally Charges On With 30-Year Treasury Yields Below 2%
- Trump, in Praising Xi, Links Hong Kong Protests to Trade War
Keep an eye on :
- ADP FP : Paris Airports July Passenger Numbers Total 10.5 Million
- AGN NA : Aegon Ups Interim Div. By 7%, Underl. Pretax 3.7% Above Est.
- AEIN GY : Allgeier Second Quarter Sales EU191.1 Mln
- ARCUS NO : Arcus Second Quarter Ebitda Misses Lowest Estimate
- B2H NO : B2Holding CEO Dalen Zahl Steps Down; Names Johnsen Interim CEO
- BAVA DC : Bavarian Nordic Second Quarter Ebit Loss Wider Than Estimates
- BOOZT SS : Boozt Buys App Developer Touchlogic for SEK10m in Cash
- CARLB DC : Carlsberg First Half Sales DKK32.99 Bln
- COTN SW : Comet Full Year Sales Forecast Misses Lowest Estimate
- DRI GY : 1&1 Drillisch Cuts Full Year Service Revenue Forecast
- FFARM NA : ForFarmers 1H Adj Ebitda Down 32% to EU35.8m; Rev. EU1.27b (1)
- FINGB SS : Fingerprint Cards Second Quarter Operating Income SEK6.2 Mln
- GEBN SW : Geberit 2Q Ebit, Net Income Rise Amid Challenging Environment
- ICA SS : ICA Gruppen 2Q Adjusted Operating Profit Beats Highest Est.
- SDF GY : K+S Lifts Forecast for Earnings, Free Cash Flow on Potash Prices
- MBTN SW : Meyer Burger Enters Pact With REC as Its Profit Slides Into Red
- MVV1 GY : MVV Energie Nine Month Adjusted Ebit EU207 Mln
- NKT DC : NKT Second Quarter Oper Ebitda EU9.4 Mln
- NN NA : NN Second Quarter Operating Profit Meets Estimates
- NOK1V FH : Watch Nokia, Ericsson After Lackluster Sales Forecast from Cisco
- OSR GY : Osram Boards to Review AMS Deal, Then Decide on Standstill
- PFV GY : Pfeiffer Vacuum Ready For New Earnings Upgrade Cycle, Lampe Says
- PSPN SW : PSP Swiss Sees Full Year Vacancy Rate About 4%
- PRS SM : Cofina Shareholder Fernandes in Talks With Prisa on TVI:Expresso
- RYA ID : Ryanair Irish Pilots to Strike for 48 Hours on Aug. 22-23
- SBS GY : Stratec Maintains FY Adjusted Ebit Margin About 14% To 15%
- SGL GY : SGL Carbon 2020-2022 Outlook No Longer Sustainable; CEO Resigns
- SWTQ SW : Schweiter First Half Ebitda Meets Estimates
- SCMN SW : Swisscom First Half Net Revenue CHF5.66 Bln
- TECN SW : Tecan 1H Sales 1.1% Below Estimates; Confirms FY Outlook
- TTI GY : Tom Tailor Prelim First Half Revenue EU373.6 Mln
- TLW LN : Tullow In Talks With Ghana to Boost Reserves Near Operations
- UTDI GY : United Internet Cuts Full Year Sales Forecast
- VEI NO : Veidekke Second Quarter Net Income Beats Highest Estimate
- FHZN SW : Zurich Airport July Passengers 3.15 Mln