Stocks in Asia fell with emerging-market currencies after the latest U.S. move to place a further tranche of tariffs on Chinese goods and amid signs some central banks are struggling to stabilize their currencies. The dollar maintained gains.
Shares in Hong Kong and China led declines, with Japanese markets closed for a holiday, after news that President Donald Trump instructed aides to proceed with tariffs on about $200 billion more in Chinese products. Copper and nickel dragged industrial metals lower, while emerging-market currencies weakened, led by a slide in India’s rupee and the Korean won. Futures signaled small losses for stocks when trading starts in London and New York. The 10-year Treasury yield hit 3 percent on Friday.
Nikkei +1.20% Hang Seng –.% CSI -0.95% Shanghai -0.96% Shenzen -1.30%
Eur$ 1.1630 CNH 6.87336 CNY 6.8709 JPY 111.98 GBP 1.3086 CHF 0.9667 TRY 6.2506 RUB 68.0755 WTI$ 68.95 -0.06%
S&P -0.18% EuroStoxx -0.39% FTSE -0.19% Dax -0.44% FTSE +0.09% SMI -0.19%
Macro :
- Japan’s Abe Says He Told Trump It’s Dangerous to Play With FX
- Bond Traders Keep Dancing Around Key 3% Level on U.S. 10-Year
- France to Replace Exit Tax Rather Than Abolish It: Figaro
Keep an eye on :
- A2A IM : Montenegro’s EPCG Buys Another 10% of Own Shares From A2A: Mina
- ACA LN : Barrick Gold Seeks Chinese Partners, May Slash Headcount: Globe
- AAL LN : How Anglo Quietly Built a Commodity Trader in Glencore’s Shadow
- AMUN FP : Amundi Says Stars Are Aligning for Comeback in European Stocks
- ARGX BB : Argenx Says ARGX-113 Has Positive Phase 2 Results in ITP Disease
- AZN LN : AstraZeneca Plans to Seek Approval for COPD Drug in Second Half
- ATL IM : Italy Govt Divided on Genoa Bridge Collapse Issues: Repubblica
- BMW GY : BMW, Lufthansa Not Interested in Entering Air-Taxi Market: WamS
- BNP FP : Polish Financial Watchdog Clears BNP Takeover of Raiffeisen Unit
- BP/ LN : BP to Buy 61% Stake in Azerbaijan’s Gobustan PSA
- BRBY LN : Burberry Shares Jump Ahead of Riccardo Tisci’s First Show
- CO FP : Rallye Signs EU500M Debt Facility W/ Banks Including BNP Paribas
- CGG FP : CGG: Conducts Rich-Azimuth Multi-Client Survey NW of Shetland
- CSGN SW : Credit Suisse Profit of CHF5b-6b In Next 2 Yrs ‘Realistic:’ NZZ
- DAI GY : Geely Denies Plan to Build-up Daimler Stake by Stealth: FAZ
- DAI GY : Daimler Sees Admin Job Cuts on Digitalization: Automobilwoche
- DBK GY : Deutsche Bank Is Said to Plan Moving More Assets From London: FT
- DBK GY : HNA Is Said to Buy More Time on Deutsche Bank Stake Decision: FT
- DBK GY : FCA Bans Former Deutsche Bank Trader Christian Bittar
- DCG LN : Dairy Crest 1H Revenue, Profit Seen Ahead of Expectations
- DIA IM : DiaSorin, Qiagen Start Marketing Liaison QuantiFERON-TB Test
- EDF FP : Orano CEO Expects ‘Giant’ China Contract for Nuclear Fuel
- ENGI FP : French MPs Approve End of Gas Regulated Tariffs: Les Echos
- EVT GY : Evotec May Be Eligible for Milestones in Almirall Research Pact
- FCA IM : Fiat, KKR May Reach Agreement on Marelli Next Week, Sole Says
- FCA IM : Fiat to Make Hybrid Version of 500L Model in Serbia: Novosti
- GSK LN : Ex-GSK Scientist Pleads Guilty to Stealing Trade Secrets
- HMB SS : H&M Third Quarter Sales Beat Highest Estimate
- HAS US : Hasbro May Gain 50% Over the Next Year or Two, Jefferies Says
- HLNG NO : Hoegh LNG Holdings, Hoegh LNG Partners Swap Executives
- ILD FP : Italy 5G Auction Bids Rise by EU509m to EU2.3b: Ministry
- ITV LN : Endemol Shine bidders include ITV
- KOG NO : Kongsberg Awarded U.S. Order Valued at Up to $498m
- KOS US : Kosmos Energy Completes Acquisition of Deep Gulf Energy
- LHA GY : BMW, Lufthansa Not Interested in Entering Air-Taxi Market: WamS
- GLE LN : MJ Gleeson Full Year Revenue Beats Highest Estimate
- PDL LN : Petra Diamonds Full Year Adjusted Ebitda Misses Estimates
- PHA FP : Pharmagest Inter@ctive New Sell at CM - CIC Market Solutions
- PRU LN : Prudential Reiterates it Will Rebalance Debt Before M&G Demerger
- RAL FP : Rallye Signs EU500M Debt Facility W/ Banks Including BNP Paribas
- RVNC US : Allergan Should Buy Revance for Up to $3b, Cowen Says
- RST LN : Restore 1H Revenue, Ebitda Grow; Full-Year Outlook Unchanged
- RWE GY : German Commission Assessing Coal Exit 2035-2038: Spiegel
- RWE GY : RWE Says Reported Time Frame for Coal Exit Is Unacceptable
- SIG Combibloc IPO : SIG Combibloc Sets IPO Share Price Range CHF 10.50 to CHF 13.50
- SKY LN : AMC Billionaire Retreats, Final Standoff for Sky: TMT Wrap
- SPD LN : Sports Direct criticism of investors fuels go-private speculation
- SIA LN : Soco Signs New $125m Reserve Based Lending Facility
- TIT IM : Italy 5G Auction Bids Rise by EU509m to EU2.3b: Ministry
- TSLA US : Musk Says Tesla Making Rapid Progress on Delivery Delays
- TEVA IT : Teva Migraine Drug Wins FDA Approval, Bolstering Turnaround Plan
- TUI LN : TUIFly Nordic to Close 3 Bases in Scandinavia
- UNA NA : Unilever’s Holder Warns of Structural Change Risks: Times
- UN01 GY : Uniper Said to Explore Sale of French Business: FAZ
- VOD LN : Vodafone to Cut 1,700 Shared Service Centers Jobs: FT (Earlier)