A sell-off in technology shares that began Monday in Asia and picked up pace in the U.S. began to ease Tuesday, as investors mull the potential for weaker earnings growth among companies that have led gains over the past year.
Stocks came off their lows of the day in Tokyo, and were up in Seoul Tuesday afternoon, while China’s markets were little changed as that nation wrapped up an annual meeting of its legislature. Investors may be less willing to make take big positions ahead of the Federal Reserve’s policy meeting Wednesday, where focus will be on whether policy makers signal an acceleration in interest-rate hikes. Also on the horizon are potential tariff announcements by the Trump administration on China. The yen slipped, while Treasuries were little changed. US After hours ORCL -6.4%, TKR +5% following earnings/guidance, ARNA +23% on positive ulcerative colitis trial results
Nikkei -0.47% Hang Seng +0.11% CSI +0.02% Shanghai +0.29% Shenzen +0.15%
Eur$ 1.2337 CNH 6.3248 CNY 6.3298 JPY 106.23 GBP 1.4036 CHF 0.9520 RUB 57.71 WTI$ 62.69 +0.90%
S&P +0.11% EuroStoxx +0.45% FTSE +0.51% Dax +0.51% SMI +0.44%
Macro:
- Trump Can’t Escape Legal Challenge to Arctic Oil Leasing Plan
- U.S. Is Said to Plan Heavy China Tariff Hit as Soon as This Week
- Goldman Initiates U.S. Metals & Mining Sector on ‘Fundamentals’
- IMF Fund for Venezuela Refugees Discussed at G20: Brazil Fin Min
- Switzerland Feb. Watch Exports Rose 12.9% Y/Y
Keep an eye on :
- ABI BB : AB InBev to Invest $100m in Tanzanian Brewery Expansion
- ADJ GY : ADO Properties Full Year FFO I Per Share Misses Lowest Estimate
- ARAMCO IPO : *SAUDI ARAMCO IS SAID TO LIST ONLY ON SAUDI EXCHANGE IN '19: DJ
- ASRL NA : ASRNL To Nominate Two New Supervisory Board Members
- AMZN US : Amazon Is Said to Have Mulled Acquiring Some Toys ‘R’ Us Stores
- BAYN GY : Bayer May Need to Sell More Assets to Satisfy DOJ: Bernstein
- BKW SW : BKW Full Year Dividend Per Share Beats Highest Estimate
- CNHI IM : CNH Industrial Says Neilson Named Interim CEO as Tobin Resigns
- CON SW : Conzzeta Full Year Net Revenue Beats Highest Estimate
- CORTEFIEL IPO : Cortefiel Is Said to Hire Banks for IPO Seen in H2: Expansion
- DAI GY : Geely’s Daimler Move Shows Concern Over Tech Companies, S&P Says
- DBK GY : Deutsche Bank’s DWS IPO Order Book Is Said to Be Fully Covered
- FENR LN : Michelin Makes Cash Offer To Buy Fenner At 610p Per Share
- F US : Ford Plans to Sell French Gearbox Site in Blanquefort: Figaro
- FCA IM : Fiat Chrysler Not Seeking M&A Deal Before End of 2018 Plan: CEO
- G IM : Generali Mulls Sale of German Life Insurance Portfolio: HB
- GKN L N: Elliott Has 2.81% GKN Derivatives Interest, Up From 1.87%
- HMB SS : H&M’s 1Q Ebit Seen Falling About 60%, Jefferies Says
- ING FP : Ingenico Buyback Mandate Targets 1M Shrs, or 1.6% Share Capital
- ML FP : Michelin Makes Cash Offer To Buy Fenner At 610p Per Share
- KOMN SW : Komax Full Year Ebit CHF55.1 Mln
- MITRA BB : Mithra, Mayne Pharma’s Myring Accepted for Filing by FDA
- NHH SM : Minor Hotels Seen Bidding for HNA’s NH Hotel Stake: Confidencial
- ORCL US : Oracle 4Q Adj Rev Forecast Midpoint Misses Estimate, Shares Fall
- PGHN SW : Partners Group Full Year Ebitda Beats Highest Estimate
- PGHN SW : Partners Group FY Results About 10% Ahead of Estimates: JPMorgan
- RKET GY : Alibaba Is Said to Mull Buying Rocket Internet’s Pakistan Unit
- ROG SW : Roche’s Genentech IMpower131 Study Meets Co-Primary Endpoint
- SAN FP : Sanofi Forms Potentially Bullish V-Shaped Reversal Pattern
- SANN SW : Santhera Full Year Loss CHF51.5 Mln
- SHL GY : Siemens Healthineers Rated New Hold at Spin-Off Research
- SNH GY : Steinhoff Is Said to Weigh Reduction of Stake in STAR Unit (1)
- SNH GY : BlackRock Lowers Stake in Steinhoff to 2.41%: AFM Filing
- SNAP US : Snap Banned ICO Advertisements in App: Cheddar
- TUI LN : Ctrip, Royal Caribbean Cruises to End Skysea JV
- UBSG SW : UBS to Start Dark Pool Workaround for Stock Trades in April
- VET SW : Vetropack Full Year Sales Beat Highest Estimate
- VOw3 GY : Volkswagen Is Said to Plan $340M Expansion at Tenn. Plant: WSJ