Asian stocks slid on Tuesday as President Xi Jinping offered no fresh commitments to open or stimulate China’s economy in a keynote speech, to the disappointment of some observers.
After another sell-off in U.S. shares that sent the S&P 500 Index to its lowest close in 14 months, Asian equities and U.S. futures put in a mixed performance in the morning, with some markets in the green. The MSCI Asia Pacific then slumped as Xi’s address at a Beijing gathering to mark 40 years of Chinese reforms made no mention of new initiatives. That contrasted with recent news about moves to reduce car tariffs, boost U.S. soybean imports and the consideration of tax cuts. Stock benchmarks fell from Sydney to Shanghai. Oil slid to $49 a barrel in New York, and the yen advanced. Treasuries edged up.
US After Hours ORCL +5% following earnings/guidance, JNJ +1.2% rebounding on reaffirmed guidance/buyback news
Nikkei -1.82% Hang Seng -1.05% CSI -1.01% Shanghai -0.78% Shenzen -0.74%
Eur$ 1.1340 CNH 6.8965 CNY 6.8996 JPY 112.62 GBP 1.2621 CHF 0.9935 RUB 66.8335 TRY 5.3787 WTI$ 49.02 -1.72%
S&P +0.10% EuroStoxx -0.49% Dax -0.57% FTSE -0.85% SMI -0.87%
Macro :
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Keep an eye on :
- AIR FP : Airbus Ready to Pay Special Bonus to Lowest-Paid Workers: Rtrs
- ALO FP : Siemens, Alstom offer to sell high-speed train technology: sources https://t.co/rcHJjBwZ8J https
- AVTX NA : BASF to Exit Synvina JV With Avantium as of Jan. 15
- BAS GY : BASF to Exit Synvina JV With Avantium as of Jan. 15
- BA US : Boeing Boosts Share Buyback to $20B, Boosts Quarter Dividend
- CEREN FP : Cerenis Therapeutics Says Target Study Met Primary Goal
- CHERB SS : EE Intressenter Offers SEK87 for Each Cherry Share
- CORE GY : Coreo Offering Prices 6.59m Shares at EU1.60/Share
- CSGN SW : Credit Suisse Advises Clients to Move Assets Out of U.K.: FT
- DBK GY : Deutsche Bank, Commerzbank Are Said to Test Frankfurt Swaps Move
- DTE GY : T-Mobile, Sprint Win CFIUS Approval for Merger: WSJ
- EDP PL : EDP Decides to Pay Portugal’s CESE Energy Tax, Expresso Reports
- FGR FP : Eiffage Buys 5.03% of Getlink, Says Intends to Be L/T Investor
- ENGI FP : Glow: Multiple Expressions of Interest in Engie’s Stake
- FGA FP : Figeac Aero Confirms Short and Mid Term Targets
- FCT IM : Salini, Fincantieri, Italferr to Build Genoa Bridge: Repubblica
- FORTUM FH : Fortum Starts 2019-2021 Incentive Plan
- GALP PL : Galp Declines to Comment on Any Impact of Strike at Refineries
- GAM SW : GAM Board Aware of Interim CEO’s Background in Merill: FT
- GET FP : Eiffage Buys 5.03% of Getlink, Says Intends to Be L/T Investor
- GLEN LN : Glencore Lifts Stake in Australian Coal Mines W/ Mitsubishi Deal
- IDIA SW : Idorsia’s P2Y12 Phase 2 Clinical Studies Meet Objectives
- JE/ LN : Just Eat Shareholder Bestinver Opposes Call to Sell iFood
- NDA SS : Nordea Says It Has Been Misused for Money Laundering in Past: JP
- NDX1 GY : Nordex Gets 83MW Follow-Up Order For Vientos Neuquinos Wind Farm
- PAH3 GY : Wolfgang Porsche Doesn’t See Porsche IPO as A Topic Now: FAZ
- RNO FP : Nissan’s Saikawa Said to Travel to Europe for Alliance Meeting
- RNO FP : Documents on Ghosn’s Pay Listed ‘Fixed Remuneration’: Yomiuri
- RIB GY : RIB Software Increases Buyback Program by Up to 2M Shares
- RIO LN : Rio Tinto could partner with private equity to pursue large copper producers , Anglo American , First Quantum, and Freeport as potential targets, the paper said.
- RIO LN : Rio Could Boost Returns On Exit From Grasberg, Macquarie Says
- ROCKB DC : Rockwool’s Russian Business Is Doing Well, CEO Tells Borsen
- SFL IM : Safilo Says 80.7% of Offering Was Subscribed
- SHB LN : Norges Bank Raises Stake in Shaftesbury to 24.5%: Telegraph
- SON PL : Sonae MC Agrees Sale-Leaseback of Continente Store for EU27.8M
- TIT IM : Elliott Could Weigh Raising Stake in Telecom Italia: MF
- TIT IM : *DI MAIO: GOVT NOT ASKING CDP TO RAISE TEL. ITALIA STAKE: ANSA
- THULE SS : Thule Buys Tepui Outdoors for $9.5m on Cash/Debt-Free Basis
- UMI BB : Umicore Expands Production Capacity for Fuel Cell Catalysts
- UNI SM : Unicaja, Liberbank Mull Selling Stakes in Caser: Expansion
- VLTSA FP : Voltalia Reaffirms Confidence in Ability to Reach ’20 Targets
- VOW3 GY : About 185,000 VW Customers Sign Up in German Case Over Diesel
- VOW3 GY : Wolfgang Porsche Says VW Key Stakeholders Back Ford Plans: FAZ