Asian stocks traded mixed Friday as plans for U.S. tariffs on Chinese imports revived concerns about global trade growth. The dollar extended gains, heading for its best week since 2016 after the Federal Reserve signaled further tightening in 2018 while the European Central Bank indicated it won’t raise interest rates for more than a year.
Equities edged higher in Japan, rose in Australia, were flat in Hong Kong and dipped in South Korea and China. The yen slipped after the Bank of Japan downgraded its assessment of inflation, while the euro extended Thursday’s decline. The S&P 500 Index closed with a modest rise overnight while the Nasdaq Composite hit a new record. Emerging markets are under pressure as worries about an overhaul of Argentina’s central bank leadership saw a plunge in its currency.
Nikkei +0.50% Hang Seng -0.07% CSI -0.55% Shanghai -0.64% Shenzen -1.56%
Eur$ 1.1565 CNH 6.4184 CNY 6.4169 JPY 110.83 GBP 1.3240 CHF 0.9976 RUB 62.5251 WTI 66.89
S&P -0.10% EuroStoxx +0.03% Dax +0.03% FTSE -0.21%
Macro :
- EU28 May Car Registrations Rise 0.8% Y/y to 1.399m Units
- Bank of England Warns Bank Chiefs Over 0% Credit Card Offers: FT
Keep an eye on :
- ADYEN NA : Adyen Announces Full Exercise of Over-Allotment Option
- AF FP : Air France’s Main Pilot Union Says Mgmt Proposal Disappointing
- BNP FP : BNP Paribas Names Jean-Yves Fillion Chairman of CIB Americas
- BTG LN : BTG Fails To Get Non-Binding Recommendation For Elevair
- BOO LN : Boohoo.com Co-Founder’s Brother Gifts 30m Shares to Trust
- EN FP : Ouest Rail To Buy Colas Rail Work Unit: La Lettre de L’Expansion
- CPR IM : Campari Still Attractive, But Valuation Prompts Downgrade: Citi
- ACA FP : Credit Agricole CEO Sees No Slowdown in Italian Activity: Echos
- DSY FP : Dassault Systemes Sets 2023 Non-IFRS EPS Goal of About EU6.00
- GLEN LN : Glencore to Restart Payments to Sanctioned Billionaire Gertler
- HMB SS : H&M Second Quarter Sales 1.1% Below Estimates
- INDV LN : FDA Okays Generic Suboxone Sublingual Film for Opioid Dependence
- NOBINA SS : Nobina to Buy Stockholm Public Transport Service Leader Samtrans
- OERL SW : Oerlikon Plans IPO of Drive Systems Segment in 3Q
- ORA FP : Orange Belgium CEO: There’s No Business Case for Fourth Provider
- PNL NA : Dutch Govt Said to Decrease State Role in Postal Mkt: Telegraaf
- REP SM : Repsol Set to Buy Viesgo Gas Plants, El Confidencial Reports
- RNO FP : Ghosn: Questions on Alliance to Be Resolved by End of His Term
- RR/ LN : Rolls-Royce Says Well-Placed to Exceed FCF of GBP1b by 2020
- RWE GY : RWE Aims to Trade Japan’s Power Future Contracts From Launch
- STOB LN : Stobart Says Tinkler’s Actions ‘Threatened to Destabilize Co.’
- SUBC NO : Subsea 7 Says Awarded Sizeable Contract by Shell in Mexico
- SNH GY : Steinhoff Still in Restructuring Talks After Kika Deal Announced
- TEF FP : Teleperformance to Buy Intelenet for $1B Enterprise Value
- TELIA SS : Telia Is Said to Pay Almost SEK10b for Bonnier Broadcasting: DI
- TEL NO : Telenor’s Total Access to Abstain From $3.6 Billion Thai Auction
- TSCO LN : Tesco First Quarter Like-for-like U.K. Sales Beat Estimates
- TFI FP : TF1, M6, France Televisions to Build French OTT Platform
- UMI BB : Umicore to Buy on Earnings Momentum at Berenberg; Street-High PT
- VALN SW : Swiss Railways Tenders Retail Spaces Held by Valora by 2021
- VER LN :
- VEI NO : Veidekke to Write Down NOK550M in Norway Civil Engineering Ops
- VICPA SS : AP4 Said to Accept Vonovia’s Offer for Victoria Park, DI Reports