Stocks in Asia kicked off the week in lackluster fashion after U.S.-China trade tensions showed no sign of improvement over the weekend. The greenback ticked higher and Treasuries steadied, while U.S. and European equity futures slipped.
Tension between Chinese President Xi Jinping and U.S. Vice President Mike Pence quashed optimism that relations would improve at Group-of-20 meetings starting next week as the Asia-Pacific Economic Cooperation failed to agree on a joint statement for the first time in its history. Equities posted modest gains in Tokyo, Hong Kong and Shanghai, while Australian shares fell. Trading activity was below average with volumes in the U.S. likely be thinned by the Thanksgiving holiday this week. The S&P 500 Index had eked out a gain on Friday and Treasuries rallied as shorts reined in their bets.
Nikkei +0.65% Hang Seng +0.63% CSI +0.98% Shanghai +0.74% Shenzen +0.35%
Eur$ 1.1407 CNH 6.9329 CNY 6.9410 JPY 112.77 GBP 1.2839 CHF 1 TRY 5.3503 RUB 66.0160 WTI$ 57.17 +1.26%
S&P -0.25% EuroStoxx +0.06% FTSE -0.13% Dax +0.03% SMI +0.39%
Macro :
- Watch U.K. Homebuilders After Dismal Rightmove House Price Data
- Fed’s Harker ‘Not Convinced’ A Dec. Rate Rise Is Prudent: WSJ
- Italy’s Di Maio Stands Firm on Reforms Planned in 2019 Budget
Keep an eye on :
- ABBN SW : Hitachi in talks to buy ABB’s power grids business
- ABE SM : Abertis Opens Process to Sell Hispasat, Cinco Dias Reports
- ABN NA : ABN Amro Managers Sent Warning Letter to Spvy Board Chairman:FD
- AIR FP : Surrey Satellite in Talks to Move Galileo Test After Brexit: FT
- ACX GY : Bet-at-Home Co-CEO Aims to Return to Sdax in Medium Term: BZ
- ASIT BB : Asit Biotech Starts Confirmatory Phase III Study W/ GP-Asit+
- AZN LN : AstraZeneca Started Succession Planning for Soriot, Times Says
- CS FP : AXA to Buy Remaining 50% Stake in Chinese Venture: Sec. Times
- BAB LN : Babcock Decided Against Splitting Itself Up, Sunday Times Says
- BBVA SM : BBVA Seeks Partner for Insurance Business: Expansion
- BCP PL : BCP’s Maya Reaffirms He Wants to Pay Dividends, Expresso Reports
- BSGR NA : B&S Group Nine Month Revenue EU1.17 Bln
- COPN SW : Cosmo Pharmaceuticals Says FDA Approves Aemcolo
- COTY US : Coty CEO Laubies Buys $20.1 Million of Shares
- DKSH SW : DKSH Says Martina Ludescher Will Leave Co. as of Dec. 31
- ETL FP : Airbus, Eutelsat to Build Satellite Parts in Post-Brexit Britain
- FLYB LN : Top investors continue to dump Flybe shares, Chief’s stock options lose £1.2m in value - FT
- GAM SW : GAM Said to Offer Star Fund Managers Special Retention Bonuses
- GYC GY : Grand City Properties Nine Month Adjusted Ebitda EU204.3 Mln
- JPR LN : Johnston Press Says It Intends to File for Administration
- MC FP : Central-DFS Bid ‘Unofficially’ Wins Thai Airport Retail Tender
- LSE LN : LSE Group looks to shift debt trade to Italy in Brexit hedge
- MTRS SS : Munters Proposes Magnus Lindquist to Replace Curtis as Chairman
- NESN SW : Nestle, Unilever in Final Round for GSK India Consumer Sale: ET
- NOVN SW : Novartis’ Promacta Gets FDA Label Expansion
- ORP FP : CPIC, Orpea to Set up JV for Elderly-Care Business: Sec. News
- RNO FP : France to Maintain Top Renault Stake If Alliance Changes: Nikkei
- ROSE SW : Zur Rose Sees Net Proceeds from Rights Offering at ~CHF200m
- SUN SW : Sulzer CEO Expects Vekselberg to Remain an Investor, SamW Says
- TIT IM : Telecom Italia Is Said Ready to Name Luigi Gubitosi Chief
- TCH FP : Technicolor SA Exploring Options, Including Sale: Reuters
- FP FP : French Minister Says Fuel Tax Reform Has to Be Carried Out