Stocks in Asia fluctuated after positive data on China’s economy raised doubts over the possibility of additional stimulus. The 10-year Treasury yield ticked higher and the dollar retreated.
Japanese shares eked out modest gains, while those in Hong Kong and Shanghai swung between gains and losses. Equities in Australia fell and were little changed in Korea. European futures signaled a muted open, while U.S. futures edged higher. China’s economic growth figures were above expectations, as was industrial production and retail sales data. The yield on China’s 10-year sovereign notes climbed to its highest level since November. Earlier, the Nasdaq 100 closed within 0.1 percent of an all-time high, while gains fizzled late in the session to leave the S&P 500 Index little changed.
US After Hours CSX +4%, UAL +3.4%, IBM -3%, NFLX -1.2% following earnings/guidance, SFS +20% on APO buyout news
Nikkei +0.28% Hnag Seng +0.10% CSI +0.09% Shanghai +0.33% Shenzen +0.88%
Eur$ 1.1310 CNH 6.6920 CNY 6.6939 JPY 111.96 GBP 1.3057 RUB 64.0612 CHF 1.0070 TRY 5.7692 WTI$ 64.53 +0.75%
S&P +0.10% EuroStoxx -0.09% FTSE -0.11% Dax -0.04% SMI -0.02%
Macro :
- China’s Strengthening Economy Bolsters Hand in Trump Trade Talks
- Europe’s Far Right May Soon Dominate European Union Parliament
- Mario Draghi’s Finally Giving Up the Hardest Job in the World
Keep an eye on :
- ABBN SW : ABB First Quarter Revenue Meets Estimates
- ASML NA : ASML 2Q Net Sales View Midpoint Matches Est; Confirms 2020 Goals
- CS FP : *AXA SA ADRS DIP AFTER FT REPORT IT MAY FACE NOTRE-DAME CLAIMS --> Fake News The insurer of Notre Dame is the French State
- ACA FP : Santander, Credit Agricole to Combine Custody, Servicing Ops
- BAR BB : Barco First Quarter Revenue 2.6% Above Estimates
- BMW GY : BMW to Recall 360,001 Cars in China on Takata Airbag Issue
- BNP FP : Barclays, BNP Said to Eye Goldman’s Playbook for Private Debt
- CBK GY : Commerzbank Rises as Report of ING Interest Adds Another Suitor
- CLNX SM : Cellnex Hires Goldman Sachs to Prepare Offer for TDF: Expansion
- DAI GY : Daimler Places Bet on Next-Generation Battery Startup
- BN FP : Danone Confirms 2019 Guidance as 1Q LFL Sales Growth Meets Est.
- DTE GY : T-Mobile, Sprint Shares Fall as WSJ Reports DOJ Deal Resistance
- DPW GY : Deutsche Post Expects to Sees ‘Decent’ Growth Rate This Year
- DDASA NO : Dolphin Weighs Scrapping Rig Amid Restructuring: Upstream
- DMP GY : Dermapharm Sees 2019 Sales Growth of 14%-19%
- ELISA FH : Elisa First Quarter Comparable Ebitda 1.3% Above Estimates
- ERICB SS : *ERICSSON 1Q NET SALES SEK48.9B, EST. SEK48.37B
- ERICB SS : Ericsson Reports Sales Boost From Carriers’ Nascent 5G Spending
- ERICB SS : Ericsson First Quarter Net Sales 1.1% Above Estimates
- FER SM : Ferrovial Mulls Option to Raise Stake in 407 ETR: Confidencial
- FNAC FP : Fnac Darty in Exclusive Talks to Buy Nature & Decouvertes
- GAM SW : GAM Expects Completion of ARBF liquidation by Mid-July 2019
- INTC US : Intel to Exit 5G Smartphone Modem Business, Skips 2020 Launches
- NOVN SW : Novartis Says Interim Data Reinforce Effectiveness of Zolgensma
- OR FP : L'Oreal First Quarter Like-for-like Sales Beat Estimates
- OR FP : L’Oreal’s Asian Sales Overtook Europe for First Time, L’Oreal Analysts See ‘Fantastic’ Quarter, No Signs of Slowdown
- SHBA SS : Handelsbanken Won’t Make 2018 Profit-Sharing Scheme Provision
- PWTN SW : Panalpina 1Q Ebit, Ebitda Broadly in Line With Estimates
- PUB FP : Publicis May Be Cut by S&P on Epsilon Purchase
- RI FP : Pernod Ricard to Buy ‘Super-Premium’ Italian Gin Brand Malfy
- ROG SW : Roche Ups 2019 Sales Growth Guidance; 1Q Revenue Beats (1)
- STAGR FP : Stallergenes Greer Confirms FY Outlook for 2019
- SRAIL SE : Stadler Rail Says Fully Exercised IPO Over-Allotment Option
- SUN SW : Sulzer 1Q Orders Rise to CHF984.1m, Confirms Outlook for FY 2019
- TEMN SW : Temenos First Quarter Non-IFRS EPS Beats Highest Estimate
- TOM2 NA : TomTom Maintains Full Year Gross Margin Above 70%
- UCG IM : UniCredit Lawyer Enters Guilty Plea for Bank in Sanctions Case
- VIE FP : Veolia Is Said to Seek Over $1 Billion in District Energy Sale
- DG FP : Vinci Says No Negotiations With France on Airport Compensation
- VPK NA : Vopak First-Quarter Adjusted Ebitda Rises to EU214.6 Million
- YIT FH : YIT Signs Pre-Agreements for Construction Projects Worth ~EU160m