Asian stocks were mixed, while U.S. stock futures pared declines as investors anticipated China’s response to the Trump administration’s latest barrage of tariffs. The dollar and the Chinese yuan were stabilized.
Japan’s equity benchmarks outperformed, with the Topix index on course for its best day since March, while Chinese stocks consolidated around four-year lows and Hong Kong shares dropped for a second day. The largest exchange-traded fund that tracks the S&P 500 Index retreated after hours following President Donald Trump’s announcement that a fresh $200 billion in Chinese goods are subject to levies of 10 percent, rising to 25 percent in 2019.
US After Hours ORCL -3.7%, FDX -2.4% following earnings/guidance, NXEO +15% / UNVR +1.6% on M&A news
Nikkei +1.41% Hang Seng +0.02% CSI +1.435 Shanghai +1.28% Shenzen +1.19%
Eur$1.1712 CNH 6.8639 CNY 6.8605 JPY 112.24 GBP 1.3164 CHF 0.9615 TRY 6.3640 RUB 67.9014 WTI$ 68.69 -0.30%
S&P +0.11% EuroStoxx -0.06% FTSE -0.24% Dax -0.17% SMI -0.07%
Macro :
- EU is Said to Prepare Emergency Laws in Case of Hard Brexit: HB
- U.S. Tariffs Credit Negative for Chinese Companies: Moody’s
Keep an eye on :
- ABG SM : Abengoa Is Said to Seek EU5B Debt Refinancing: Confidencial
- AGFB BB : Agfa suitor Kanteron Systems studies multiple options after approach rebuffed
- AF FP : Buy Long Haul-Exposed IAG, Air France, Sell EasyJet: Berenberg
- ALV GY : Allianz is Said to Be One of Top Sponsors of Olympic Games: HB
- MT NA : ArcelorMittal Is Said to Eye Buying Essar’s EPC Business: ET
- AZN LN : AstraZeneca-Backed ADC Therapeutics Is Said to Weigh IPO, Sale
- ATEB BB : Atenor to Sell NAOS Office Development in Luxembourg; No Terms
- NSU GY : Audi Plans a Dozen Electric Vehicles to Take on Tesla’s Lineup
- BBA LN : BBA Aviation Buys Aerospace Aftermarket Firm Firstmark For $97m
- CLN SW : Clariant Sets New Targets, Names New CEO Amid Strategic Review
- COV FP : Covivio Set to Deliver Sector-Beating Returns: Morgan Stanley
- CVAL IM : Creval Investor Dumont Proposes Lovaglio as Next Chairman
- DANSKE DC : EU’s Katainen Says Laundering Raises Risks of New Crisis: Borsen
- DBHN GY : Deutsche Bahn Invests 3-Dgt Mln Amount in Amsterdam Trains: FAZ
- GNRO FP : GeNeuro Regains Worldwide Rights to MS Therapy From Servier
- HSBA LN : HSBC Plans Wealth Hiring Spree in CEO’s Bet on Asia Millionaires
- IMPN SW : Implenia Wins CHF80m Order to Build New Bus Terminal in Sweden
- IPS FP : Ipsos-GfK Deal Reports Successful Merger Clearance
- ITX SM : Inditex Short Positions Hit Record High After 1H Earnings
- KORI FP : Korian Launches Tap Issue of Odirnane of About EU60M
- MAN GY : VW’s MAN: Holders Can Tender for EU90.29 + EU5.47/Shr by Oct. 8
- MB IM : Mediobanca Is Said in Talks on Stake in Messier Maris: Echos
- MOR GY : Morphosys, Leo Pharma Expand Deal Peptide-Derived Therapeutics
- NESN SW : *NESTLÉ TO SELL GERBER LIFE TO WESTERN & SOUTHERN FOR $1.55B
- OCDO LN : Ocado Third Quarter Gross Sales Retail GBP348.6 Mln
- PURE LN : PureCircle in Patent Complaint Against SweeGen; FY Sales Up 10%
- RNO FP : Renault-Nissan-Mitsubishi Partners Google for Media Display: WSJ
- SAF FP : Safran’s Vetting for COL/UTX Castoffs Seen Done in Weeks: Reorg
- SAN SM : Santander Is Said in Early Talks to Buy Peel Hunt: Sky
- SAP GY : Watch SAP Shares After Oracle Sinks on Cloud Struggles
- TSCO LN : Tesco Recent Pullback a Surprise, Opportunity to Buy: Jefferies
- VER SM : Vertice 360 OKs Binding Accord to Integrate DMD Media: Filing
- VOW3 GY : VW Board to Discuss Stadler’s Future on Sept. 28: Handelsblatt
- ZAL GY : Zalando Now Sees Revised Adjusted Ebit of EU150-190M for FY18