Stocks in Asia fell alongside U.S. equity futures and Treasuries jumped as the U.S. and China engaged in a new round of trade threats. Gold climbed and the yen surged.
The steepest slides were seen in Hong Kong and China -- where the Shanghai Composite Index headed for a two-year low -- after President Donald Trumpwarned the U.S. will slap tariffs on more Chinese goods, prompting the Asian nation to swiftly retaliate. Japanese and South Korean shares also retreated, S&P 500 Index futures extended a slide and European futures signaled losses. The Australian dollar tumbled to its lowest in a year as commodity currencies weakened, while steel and iron ore plunged the most since March amid renewed concern over trade protectionism.
Nikkei -1.77% HAng Seng -2.68% CSI -2.93% Shanghai -3.59% Shenzen -5.65%
Eur$ 1.1599 CNH 6.4652 CNY 6.4585 JPY 109.67 GBP 1.3231 CHF 0.9931 RUB 63.8740 WTI$ 65.30
S&P -1.22% EuroStoxx -1.21% Dax -1.27% FTSE -0.68% SMI -1.04%
Macro :
- Falling VIX Now Below MRA’s Model-Derived Value; Use ‘Seagulls’
- No Buying Opportunity in Emerging Markets Yet, Commerzbank Says
- Convertible Bonds Are Making a Comeback: Advent’s Maitland
Keep an eye on :
- ABN NA : ABN Amro May Sell Mortgage Service Unit Stater: Telegraaf
- AC FP : Accor to Accelerate Expansion in Europe, Gervais Tells Figaro
- ADP FP : France Sees Possible Legal Actions Over ADP Privatization
- AF FP : Air France Says Unions Suspend June Strike
- AH LN : Ashtead Full Year Adjusted Ebitda 1.1% Below Estimates
- BCP PL : Sonangol Chairman Says BCP Stake Is Strategic, Long Term: Lusa
- CPI LN : Capita to Sell Supplier Assessment Services for GBP160m Cash
- CSP LN : Countryside Signs Framework Agreement With Sigma Capital
- CYAD BB : Celyad Advances Think Trial to Third, Final Dose Level
- DB1 GY : Frankfurt Stock Exchange to Raise Listing Fees: Boersen-Zeitung
- DEB LN : Debenhams Warns on FY Profit as May, June Trading Below Plan
- ELE SM : Endesa to Make Binding Offer for Ceuta-based EAEC: Filing
- ERICB SS : Nokia, Ericsson May Climb After U.S. Reinstates ZTE Penalties
- FERG LN : Ferguson Third Quarter Revenue 2.7% Below Estimates
- FDSA LN : Ion Exceeds Acceptance Condition in Fidessa Offer
- FLYB LN : Flybe Full Year Adjusted Pretax Loss GBP19.2 Mln
- GALP PL : Galp Faces Potential Headwinds, Risk/Reward More Balanced: RBC
- GKP LN : Gulf Keystone Says $19.7m Received for Shaikan Sales in March
- ISAT LN : EchoStar Is Said to Weigh Raising Inmarsat Bid After Rejection
- MAS SM : Masmovil Completes Second Refinancing of Senior Loan
- MTGB SS : MTG Delays Split Process Until After Kinnevik Share Distribution
- NXI FP : Nexity Targets Annual Revenue Growth of 10% Through 2021
- NOKIA SS : Nokia, Ericsson May Climb After U.S. Reinstates ZTE Penalties
- OGN ID : Origin Sees Full Year Adjusted EPS EU0.475 To EU0.485
- UG FP : PSA Names Philippe de Rovira as CFO to Replace De Chatillon
- ROG SW : Roche Buys Foundation Medicine for $2.4b Transaction Value
- RKH LN : Rockhopper Continues to See Better Payment Situation in Egypt
- RYA LN : Ryanair Pilots Union Extends Vote on Industrial Action to July 3
- SAN FP : Sanofi Names PSA’s de Chatillon as CFO
- GLE FP : SocGen CIB Names Bitton, Giros Co-Heads Investment Bank. France
- TAP LN : Taptica Sees FY18 Adj. Ebitda Moderately Ahead of Market View
- TEP LN : Telecom Plus Full Year Adjusted Pretax Profit Matches Estimates
- VWS DC : Vestas Receives 228 Megawatt Order in Australia
- VNA GY : Vonovia Offer For Victoria Park Exceeds Acceptance Threshold
- WDI GY : Wirecard Growth Justifies Price Target of 190 Euros: Lampe