Asian stocks traded mixed, with investors bracing for Wednesday’s Federal Reserve policy decision against the backdrop of recent turmoil in global markets.
The yield on benchmark Japanese bonds slipped to within striking distance of zero percent before a rapid turnaround as a surge in demand for futures triggered a margin call. Stocks in Japan underperformed amid a disappointing market debut for SoftBank Group’s Japanese telecom business. Shares also fell in China and Australia, while those in Hong Kong fluctuated.
Futures on the S&P 500 Index climbed after a volatile session for U.S. equities that saw stocks end flat. European futures were lower. Earnings after hours from FedEx stoked doubts about the strength of global trade, with the shares dropping 6 percent after the company cut its profit forecast just three months after raising it. Crude oil was steady below $47 a barrel. The dollar fell against most G-10 peers. Treasuries ticked higher.
US AfterHours JBL +10%, SCS +3.6%, MU -9%, FDX -6% following earnings/guidance
Nikkei -0.60% Hang Seng +0.07% CSI -1.21% Shanghai -1.03% Shenzen -1.36%
Eur$ 1.1386 CNH 6.8919 CNY 6.8952 JPY 112.39 GBP 1.2655 CHF 0.9925 TREY 5.3207 RUB 67.1567 WTI$ 46.44 +0.43%
S&P +0.61% EuroStoxx +0.04% FTSE -0.19% Dax +0.09% SMI -0.26%
Macro :
- Italy Strikes Informal Deal With The European Union on Budget
- Druckenmiller Says Algos Are Robbing Markets of Trade Signals
- EU to Spell Out Consequences of No-Deal Brexit Today: Politico
- Morgan Stanley’s Semiconductor Outlook for 2019 Gets Gloomier
Keep an eye on :
- ADS GY : Asos Read-Across for Puma and Adidas Is Limited, Berenberg Says
- AED BB : Aedifica to Invest ~EU5.5M in New Dutch Care Residence
- ALM FP : Almirall Completes P-3058 Study For Onychomycosis Cure: Filing
- ALO FP : Siemens, Alstom May Struggle to Win Over EU With Rail Deal Fixes
- ALO FP : Alstom to Supply 34 Trains to Luxembourg’s CFL for EU360m
- ASIT BB : Asit Biotech Names Michel Baijot CEO to Replace Legon: L’Echo
- BINCK NA : Saxo Bank Has Bought Shares in BinckBank Below Offer Price
- CO FP : Casino Completes Capital Increase in GreenYellow
- CEC GY : Ceconomy Names Former Stada Finance Chief Duettmann Interim CFO
- DASNKE DC : Danske Bank Ranked Top Danish Equity Trader in Survey: Borsen
- DEB LN : Debenhams Extends Drop With Christmas Only a Week Away
- DBK GY : Deutsche Bank Dealmaker Turnover Said to Jump in Asia Amid Cuts
- DIA SM : Santander Rebuffs LetterOne DIA Financing Proposal: Confidencial
- DPW GY : FedEx Drops as Weak European Economy Weighs on Results, Outlook --> FDX -4,5% in after hours
- ENGI FP : Engie Delays Restart of Belgium’s Doel-1, Doel-2 Reactors
- EQNR NO : Equinor Says Processing Topside Ready for Johan Sverdrup Field
- FI/N SW : Georg Fischer Names Current CFO Andreas Mueller CEO
- GALE SW : Galenica Cuts 2018 Sales Growth Guidance Citing Price Cuts
- GEST SM : Gestamp to Pay Dividend of About 30% of Net Profit: Filing
- GSK LN : Glaxo, Pfizer to Set up Consumer Healthcare Joint Venture
- GREEN BB : Greenyard Completes Sale of Horticulture Segment for EU120m
- GUR SW : Gurit Cuts 2018 Op. Profit Margin Guidance; May Sell Unit
- HOFI SS : Hoist CEO Bought 6.700 Shares in Company
- ICAD FP : Icade to Start Share Buyback Program up to 0.5% of Capital
- NK FP : *JNJ, IMERYS SAID TO PAY MORE THAN $1.5 MLN TO SETTLE TALC CASE
- INA PL : Inapa Says Caixa Geral Owns 49.5% of Preference Shares
- INGA NA : TMB Bank Plans to Merge With Thanachart Bank: Krungthep Reports
- IRE IM : FSU to Buy Up to 2.5% of Iren in Reverse ABB at Max EU2.16/Share
- KAHL SS : Kappahl First Quarter Operating Profit Misses Lowest Estimate
- KIN BB : Kinepolis Buys Two Cinemas in Spain for EV of EU25.8M
- LHN SW : LafargeHolcim Promotes Legal, HR to Executive Committee
- KN FP : Natixis Sees EU100M Revenue Hit in 4Q From Asian Trading
- ML FP : Michelin Completes Acquisition of Camso
- MTRS SS : Munters Seeks New CEO After Board Decides to Replace Leesi
- NESN SW : Nestle Tells AMLO Mexico Will Become Its Largest Coffee Producer
- NOVN SW : Tilray-Novartis Pact, Citi Cuts Celgene Target: N.A. Health Wrap
- ONXEO FP : Onxeo Gets EPO Intent-to-Grant Notice for AsiDNA Combo Patent
- RNO FP : Nissan: No Objection to Appointing Renault-Nominated Director
- RI FP : Pernod Ricard, Jumia Strengthen Partnership
- RDSA LN : Shell’s Prelude LNG Project to Miss 2018 Deadline, Partner Says
- POM FP : Plastic Omnium Confirms Environment BV Sale in Deal worth EU220M
- PRS SM : Polanco Stands Down as Prisa’s Non-Excutive Chairman: Filing
- PROTCT NO : Protector to Withdraw From Change of Ownership Insurance Market
- SAABB SS : Saab Says SEK6b Rights Issue Oversubscribed
- SAN SM : Santander to Pay Gross Interim Dividend of EU0.065 per Share
- SHP LN / 4502 JP : Takeda to List American Depositary Shares on NYSE on Dec. 24
- SIE GY : Siemens, Alstom Offer to Sell Older Tech to Win EU Approval: FT
- MCHN SW : SIHH, Baselworld to Coordinate Their Calendars for 2020-24
- SN/ LN : Smith & Nephew to Buy Ceterix Orthopaedics for Up to $105m
- TPG LN : TPG to Invest up to GBP 500m Into Clara-Pensions: FT
- UBSG SW : UBS Names Head of EMEA Financials M&A, Anticipates More Deals
- VACN SW : VAT Extends Short Time Work for Production Employees in Haag
- VNA GY : Victoria Park Buys 2,340 Apartments In Its Biggest Deal Ever
- VOW3 GY : IAV to Pay $35m Fine for Helping VW Cheat in Emissions Tests:DOJ
- VOw3 GY : VW Group to Tie Top Management Bonus to Share Price, Profit: FAZ