Asian stocks rounded out the week in mixed fashion as some markets recovered in afternoon trading, while others remained in the red. China’s equities rose after verbal intervention by the nation’s top financial regulators, who assured they’ll keep financial risks under control.
The MSCI Asia Pacific Index is still headed for its worst three-week slide since January 2016 as shares fell in Tokyo, Mumbai and Taiwan. U.S. equity futures rose, following the more than 1 percent fall in the S&P 500 Index and 2 percent slide in the Nasdaq 100. China’s Shanghai Composite rebounded after hitting a four-year low and stocks in Hong Kong climbed after early losses. The yuan was steady and the dollar held overnight gains.
China’s recent rout spurred the most explicit comments by policy makers to date, with the central bank and other regulators moving to assure that liquidity risks are being addressed. Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said China will allow insurance companies to introduce products designed to ease liquidity pressures caused by share pledging of listed companies. The comments came as data showed China’s economy expanded at 6.5 percent in the third quarter from a year earlier, just shy of the 6.6 percent average forecast in a Bloomberg survey.
US After Hours SKX +8.3%, PYPL +6.4% move higher after earnings while OZK -16.8%, LLNW -9.4% fall lower
Nikkei -0.63% Hang Seng +1.08% CSI Shanghai +2.34% Shenzen +2.38%
Eur$ 1.1461 CNH 6.9334 CNY 6.9326 JPY 112.51 GBP 1.3025 RUB 65.7474 CHF 0.9969 TRY 5.6142 WTI$ 687.97 +0.47%
S&P +0.43% EuroStoxx +0.25% Dax+0.28% FTSE +0.35% SMI +0.21%
Macro :
- Fed’s Quarles Says No Reason to Turn on Bank Capital Buffer Now
- Vice Premier Liu He Says China, U.S. ’in Touch’ on Trade: Xinhua
- Dijsselbloem Calls Italy Situation ’Pretty Worrisome’: CNBC
Keep an eye on :
- AC FP : Accor 3Q Revenue Beats, Update Should Be Taken Positively: Citi
- AC FP : Accor Narrows FY Ebitda Target to Upper End of Range
- ACX SM : Shares in Acerinox Climb in Madrid as JB Capital Increase PT
- AKERBP NO : Aker BP Third Quarter Revenue Beats Highest Estimate
- ASC LN : Asos Extends Gain as SocGen Sets Street-High Price Target
- AYDEN NA : Watch Adyen, Payments Firms After PayPal Profit Beats Estimates
- BEI GY : Beiersdorf Growth Comes at Expense of Slower Margin Gain: Lampe
- EN FP : Bouygues Sees Stable or ‘Slightly’ Lower FY Current Op. Profit
- CO FP : Casino French Retail Sales Up 1.9% as Monoprix Draws Traffic (1)
- CBK GY : Commerzbank to Tweak Variable Pay System for Staff: Handelsblatt
- DNA FH : DNA Third Quarter Ebitda Beats Estimates
- DKSH SW : DKSH Looking for New Chairman as Wolle to Step Down at 2019 AGM
- ECONB BB : Econocom Nine Month Revenue EU1.94 Bln
- EDP PL : EDP 9-Month Electricity Production Rose 5% Y/y: Provisional Data
- ENC SM : Ence to Buy Iberdrola Solar Project Stake in EU181m Deal
- ENGI FP : Engie Hopes to Restart Five Belgian Reactors by Year-End: Belga
- EQNR NO : Equinor Sees Steady Drilling Activity Off Norway Y/Y in 2019
- FSX1V FH : F-Secure Lowers 2018 Revenue Growth Outlook
- FNAC FP : Fnac Confirms Outlook, to Buy Back Up to 2% of Capital
- ING FP : Square Unveils ‘Terminal’ to Rival Keypad Credit-Card Machines
- BAER SW : Swiss Banking Secrecy Dealt Fresh Setback in a Month to Forget
- KDS NA : Kiadis Pharma Launches Private Placement to Fund ATIR101 Trial
- KLOVA SS : Klovern Nine Month Income From Property Management SEK1.05 Bln
- EMG LN : *MAN GROUP TO BUY BACK UP TO $100M OF SHARES
- ML FP : Michelin 3Q Sales EU5.62b, Refines 2018 Guidance
- ML FP : Michelin Warns of a Drop in Tire Demand in Western Europe, China
- MMK AV : Mayr-Melnhof Packaging Group Buys Tann Group
- NoKiA FH : Ekinops in Preliminary Talks W/ Nokia to Buy Alcatel Submarine
- NOVN SW : FDA Rejects Novartis Bid to Repurpose Canakinumab: Reuters
- NOVN SW : Novartis Granted FDA Orphan Drug Status for Spartalizumab
- PAH3 GY : Porsche Says is Confident Will Reach China Record Sales: Reuters
- RI FP : Pernod Ricard’s Asian Business Is Picking Up Speed: Bernstein
- PRS NO : Prosafe 3Q Fleet Utilization Rises to 48.1% From 38.9% Year Ago
- PRU LN : Prudential Asia CEO Says ’Impossible’ for Rivals to Match It
- PUB FP : Publicis CEO Says Could Divest Assets in Coming Months: Echos
- RCO FP : Remy Cointreau 2Q Organic Sales EU331.8m; Est. EU327m
- RAL FP : Rallye Strongly Refutes Sophie Vermeille’s Allegations
- RNO FP : Alliance Seeks China Partnership Equivalent to Pact With Google
- RYA LN : Belgian Union Puts Ryanair on ‘Probation’ With Threat of Strikes
- SSO NO : Scatec Solar Third Quarter Ebitda Beats Highest Estimate
- SFQ GY : SAF Holland Boosts Full Year Organic Revenue Forecast
- SHP LN : Shire’s Prucalopride Gets FDA Committee Approval Recommendation
- SSO NO : Scatec Solar Secures Two New Projects in Ukraine
- SOW GY : Software AG Third Quarter Adjusted Ebita Beats Estimates
- SOP FP : Sopra Steria Lowers FY Targets; Banking Software Business Hit
- SSAABB SS : Saab Gets Initial T-X Order From Boeing Worth About $117.6m
- UHR SW : Swatch Cut, Luxury Ests. Lowered on China Soft Landing, MS Says
- TELIA SS : Telia Third Quarter Adjusted Ebitda Beats Highest Estimate
- VK FP : Le Maire: Tribunal to Review Altifort’s Ascometal Bid Wednesday
- VASTN NA : *VASTNED STARTS SHR BUYBACK PROGRAM FOR UP TO EU40M
- VOLVB SS : Volvo Boosts Full Year Europe H/D Truck Market Forecast
- VONN SW : Vontobel Takes Over Lombard Odier’s U.S.-Based Private Clients
- VOW3 GY : Volkswagen’s China JV Starts to Build Green Car Plant: Observer
- WES NA : Wessanen Sees FY Revenue Growth at Bottom or Below Guidance
- WHA NA : Wereldhave 9-Month Gross Rental Income EU167.4 Million