Asian stocks fluctuated and the yen gained as traders adopted a risk-off approach, digesting comments from President Donald Trump’s new economic adviser. Treasury yields extended declines after lackluster U.S. retail sales stoked concern that consumer spending is cooling, weighing on the dollar. Stocks in Tokyo swung before closing little changed, while they fell in Australia and rose in Seoul. U.S. futures swung between gains and losses. Earlier, the S&P 500 fell for a third day, with volume more than 10 percent below the 30-day mean. Incoming White House economic adviser Larry Kudlow signaledTrump would support a strong dollar and take a tougher line on trade with China. The yen gained for a second day. Treasury yields tested early-February lows on bets the Federal Reserve won’t hasten the pace of interest-rate hikes. US After Hours DDD / SHLD +9%, CVTI / SMTC +7%, WSM +5% higher, while TACO / CTRP -6%, BNFT -5% are lower following earnings/guidance
Nikkei +0.12% Hang Seng +0.26% CSI +0.57% Shanghai +0.01% Shenzen -0.22%
Eur$ 1.2368 CNH 6.3132 CNY 6.3180 JPY 106.07 GBP 1.3985 CHF 0.9449 RUB 57.04202
S&P +0.22% EuroStoxx +0.38% FTSE -0.03% Dax +0.50%SMI +0.28%
Macro :
- Italy’s Post-Election Mess Laid Bare in Day of Chaos and Clashes
Keep an eye on :
- ABI BB : AB InBev’s Transfer of Bud to Argentina Unit Gets Regulator’s OK
- ABIO FP : Altamir to Sell 6.6% Stake in Albioma in Placement
- AIR FP : Airbus Warns on Potential Melrose-GKN Takeover: FT
- AGN US : Allergan Extends Climb as Management Weighs ‘All Options’: RBC
- ATL IM : Atlantia Has Option to Buy Abertis Stake in Cellnex Under Deal
- POST av : Austrian Post Full Year Dividend Per Share EU2.05
- GBB FP : Bourbon Starts Talks With Lenders After Breaching Loan Covenants
- BT/A LN : Openreach Ups Number of Engineers to Support Full-Fiber Buildout
- CAP FP : Cap Gemini Proposes to Renew Term of Chairman/CEO Hermelin
- DIREN FP : Direct Energie Sees Full Year Revenue EU1.35 Bln To EU1.4 Bln
- CSGN VX : Credit Suisse Sued by Investor Over Volatility Note That Crashed
- DBK GY : DWS to Strengthen Role as Shareholder After IPO, Huber Tells BZ
- DUFN SW : Dufry Full Year Ebitda Matches Estimates
- ENGI FP : Engie in Talks to Sell 2 Brazil Plants to ContourGlobal: Echos
- FRU GY : Ferratum Sees Full Year Revenue EU280 Mln To EU310 Mln
- GATE SW : Gategroup Sets Price Range for Proposed IPO at Chf16-CHF 21/Shr
- G IM : Generali FY Net Rose 1.4% to EU2.11b; Dividend at EU0.85/Share
- G IM : Generali to Announce New Strategic Plan in November, CEO Says
- GWI1 GY : Gerry Weber First Quarter Ebitda EU7.8 Mln
- SDF GY : K+S Full Year Ebit 1.7% Below Estimates
- KORI FP : Korian Full Year Revenue EU3.14 Bln
- LXS GY : Lanxess Fourth Quarter Sales Beat Highest Estimate
- LDO IM : Leonardo Full Year Revenue EU11.5 Bln
- LHA GY : Lufthansa 2017 Adj. Ebit EU2.97b vs Est. EU2.83b
- MUV2 GY : Munich Re Sees 2018 Profit EU2.1b-EU2.5b, Continues Buyback
- RAA GY : Rational Full Year Dividend Per Share Beats Estimates
- RWE GY : RWE May Be Cut to Junk by Moody’s on Sale of Innogy Stake to EON
- SIFG NA : SIF Full Year Normalized Ebitda EU57.1 Mln
- SIX2 GY : Sixt Full Year Pretax Profit Beats Highest Estimate
- SIE GY : Siemens Unit IPO Could Price At EU28/Shr:Terms Show
- GLE FP : SocGen Board Decided No Severance Package for Valet
- SREN SW : Swiss Re Reduces CEO Mumenthaler’s Pay by 1 Million Francs
- SNH GY : Steinhoff Holders Voted to Absolve Directors of Liability: BD
- STL NO : Statoil Proposes to Change Name to Equinor
- FP FP : Total to Distribute Third 2017 Interim Dividend of EU0.62/Shr
- UNA NA : Unilever Chooses Single Base in Netherlands in Blow to May
- VIFN SW : Vifor Pharma Full Year Sales Match Estimates
- VIV FP : Vivendi CEO May Suspend Powers as Telecom Italia Chairman: Rtrs
- KVW NA : VolkerWessels Full Year Ebitda 3.0% Above Estimates
- VOW3 GY : GM, VW, Chrysler Face Damages Claims for Takata Airbag Recalls