A rebound in global equities Friday saw no traction at the start of the week, with markets in Asia dropping on Monday and futures on European and U.S. stocks sliding. The pound slipped as a Brexit deal hung in the balance with just days to go until a critical deadline.
Equities in Japan and Hong Kong suffered among the biggest declines as a risk-off mood returned, following a weekend of warnings on global economic fragility from finance chiefs meeting at an annual IMF gathering. China’s stocks touched a four-year low. International Monetary Fund Managing Director Christine Lagarde advised to be ready for more market volatility, speaking after the worst sell-off in global stocks since February. China’s ambassador to the U.S., in a rare American Sunday TV appearance, said his nation didn’t want a trade war but will respond. Meanwhile, U.S. President Donald Trump threatened to impose another round of tariffs on China.
Treasuries nudged higher amid the cautious tone in markets, with the yield on the 10-year benchmark slipping to 3.15 percent. The yen pushed higher alongside gold prices. Oil climbed amid rising tensions between the U.S. and Saudi Arabia over a missing journalist.
Nikkei -1.87% Hang Seng -1.26% CSI -1.49% Shanghai -1.54% Shenzen -1.25%
Eur$ 1.1568 CNH 6.9258 CNY 6.9284 JPY 111.80 GBP 1.3121 RUB 65.7747 CHF 0.9897 TRY 5.8285
S&P -0.40% EuroStoxx -0.10% Dax-0.18% SMI -0.16%
Macro :
- EU Sherpas’ Brexit Meeting on Monday Said to Be Cancelled
- Saudi Stocks Sink as Trump, Kingdom Exchange Threats: Inside EM
- Italy’s League, Five Star Support Rises Amid Budget: Ixe Poll
- U.K. Homebuilders May be Pressured by Proposed Cap on Leases
Keep an eye on :
- ABN NA : ABN Amro Says 3Q Results to Include Several Incidental Items
- AC FP : Accor to Reorganize Ops in Europe by Yr End: Les Echos
- ARL GY : Aareal Bank Targets Further Acquisitions: Euro Am Sonntag
- ALV GY : Allianz Joins Evolve to Launch Fixed-Income ETF in Canada
- BARC LN : Barclays to Offer U.S. Current Account: FT
- BT/A LN : Greenlight Bought ‘Medium Size’ Position in BT: Times
- BME SM : BME in Talks With Banca March to Acquire Inversis Banco: Cinco
- CO FP : Casino Group : 12 Quattrucci Family Outlets Join Group
- CLDN LN : Caledonia Buys Majority Stake in Deep Sea Electronics
- CEC GY : Ceconomy Chief Executive Officer Pieter Haas to Leave Company
- CTEC LN : ConvaTec Lowers FY18 Guidance in 3Q Trading Update, CEO Replaced
- DAI GY : Daimler to Offer Hydrogen Engines Across All Models by 2022: AMW
- DPW GY : Deutsche Post May Cut 1,400 Jobs, Bild Am Sonntag Reports
- EDP PL : EDP Says Capital Group Sold Remaining Stake on Oct. 10
- EQN LN : Equiniti eyed for 315-325p-per-share bid by GTCR
- FEVR LN : Fever-Tree engages Morgan Stanley to handle potential buyer
- GSLP PL : Galp Third-Quarter Refining Margin $5.8 /Bbl
- G1A GY : GEA Group Profit Warning Was One Too Many, Deutsche Bank Says
- GETIB SS : Getinge Makes SEK 1.8B Provision for Product Liability Claims
- GNC LN : Greencore’s U.S. Exit Looks Value-Enhancing, Jefferies Says
- KBX GY : Knorr Plans No Change on Supervisory Board, Thiele Tells FAS
- MHG NO : Marine Harvest Third Quarter Ebit Beats Estimates
- NHY NO : Norsk Hydro Invests in 2 New Extrusion Presses in North America
- PNDXB SS : Pandox Buys Midland Manchester Hotel
- PSM GY : ProSieben Sees Web Portfolio Value Doubling in Five Years: FAS
- RWE GY : RWE Prepares For Massive Job Cuts, Rheinische Post Reports
- SPM IM : Saipem Awarded New Offshore E&C Contracts for $400m
- SAN FP : Sanofi’s Cerdelga Faces Patent Challenges: FDA
- SHOE LN : Shoe Zone Sees Profit Ahead of Expectations, Plans Special Div.
- SDRY LN : Superdry Says Weather, FX Hedging to Hurt FY Results
- VIE FP : Veolia Wins Water Contracts Worth EU93M Cumulative Rev