Asian stocks climbed Tuesday, as markets recovered from the impact of weak economic data in Europe and China Monday that sparked concerns about slowing global growth. Treasuries were little changed and the dollar dipped.
Equities in Japan rose to nearly a one-month high and climbed Hong Kong and Australia as futures rebounded in the U.S. and Europe. Chinese shares also pushed higher, as senior economic policy officials vowed to increase tax cuts to boost growth. Earlier, the S&P 500 fell, led by technology companies after China’s slumping exports fueled worries about the growing impact of the trade war. Still, financials outperformed after Citigroup said the trading environment was starting to improve, helping to boost the bank’s stock. The yen fell, while the pound rose before Tuesday’s key vote on Brexit.
US after hours PLAY +6% following guidance, GNW +4% on M&A progress
Nikkei +0.96% Hang Seng +1.84% CSI +1.91% Shanghai +1.35% Shenzen +1.45%
Eur$ 1.1476 CNH 6.7585 CNY 6.7540 JPY 108.66 GBP 1.2902 CHF 0.9814 RUB 66.9836 TRY 5.4571 WTI$ 51.23 +1.43%
S&P +0.63% EuroStoxx +0.82% FTSE +0.71% Dax+0.83% SMI +0.61%
Macro :
- Baupost Is Said to Hold $1 Billion in PG&E Insurance Claims
- Fed Shadow Rate at 5.45% Shows Stock Rout Justified, SocGen Says
- China to Cut Tax, Fees on a Larger Scale, Increase Spending: MOF
Keep an eye on :
- AIRN SW : Airopack Says Three Apollo Representatives Resign From Board
- BLS SW : Blackstone Resources to Invest €200m in German EV Battery R&D
- BNP FP : BNP Paribas Is Said to Shutter U.S. Commodities Trading Desk
- CPI LN : Capita Says It Will Lose Money on Army Recruitment Contract: FT
- CGG FP : CGG: Continues to Expand Anadarko Basin Library
- CLASB SS : Clas Ohlson December Sales SEK1.32 Bln
- EXEL US : Exelixis Says FDA Approves Cabometyx for HCC Treatment
- FCA IM : Fiat Chrysler Sees U.S. Truck Market More Robust in 2019: CEO
- DASNKE DC : Danske’s Laundering Case Triggers Drop in Client Satisfaction
- DEC FP : JCDecaux UK to Promote Chris Collins and Dallas Wiles to Co-CEOs
- IFX GY : Roche, Infineon Among Liberum’s Most-Preferred Stocks for 2019
- ITP FP : Interparfums Raises 2018 Guidance; Sees FY Op. Margin 13.5%-14%
- JEN GY : Jenoptik 4Q May Be Stronger Than Market Expects, Lampe Says
- JMT PL : J. Martins Full Year Revenue Meets Estimates
- KE RFP : Kering PT Lowered at SocGen, Which Remains Bullish on Gucci
- LISN SW : Lindt & Spruengli Full Year Sales Meet Estimates
- NDX1 GY : Nordex New Orders Rise 73% in 2018
- ORSTED DC : Orsted May Turn to Seas-NVE to Sell Radius Assets, JP Says
- PGHN SW : Partners Group Dec. 31 Assets under Management up 18% to EU72.8b
- UG FP : PSA FY Unit Car Sales Rose 6.8% to 3.9 Million; China Down 32.2%
- RI FP : Pernod Ricard to Meet With Elliott Before Earnings Update: Rtrs
- RNO FP : Saikawa Says Ghosn Was ‘Remarkable Leader’ in Echos Interview
- RNO FP : Tokyo Court Rejects Ghosn’s Bail Application After Indictment
- ROG SW : Roche, Infineon Among Liberum’s Most-Preferred Stocks for 2019
- SAN SM : Spain Court OKs Santander HQ Bid by Reuben Bros.: Europa
- SAN FP : FDA Approves Use of Sanofi’s Adacel for Repeat Vaccination
- STMN SW : Straumann CEO Gadola to Be Succeeded by Daniellot as of 2020
- SREN SW : Swiss Re Sees 4Q Burden From Big Natural Catastrophes at $1B
- TKTT FP : Tarkett Names Interim Chief Fabrice Barthelemy as Permanent CEO
- TECN SW : Tecan Names Von Leoprechting CEO as of April 1
- TIGO SS : Millicom Confirms Talks With Liberty Latin America
- VRP LN : Verona Pharma Defended by Analysts on Promising Low-Dose Data
- DG FP : French Govt Says Received Highway Toll Tariff Proposals From Cos
- VOW3 GY : Volkswagen Says Pickup Combination A Key to Alliance with Ford
- WHA NA : Wereldhave CEO Dirk Anbeek to Step Down On April 1