Stocks in Asia were mixed Wednesday as investors adopted a cautious stance ahead of the Federal Reserve decision and further news on U.S.-China trade talks, where negotiators remain at odds. Treasury yields held near recent lows.
Shares pared losses, with Japan finishing higher, while most other markets dipped. Hong Kong and Australia saw modest declines. Europe futures signaled a weak open. A rally in U.S. stocks Tuesday fizzled by the close amid concern China is pushing back on American trade demands. Also stalling was a rally in oil, while iron ore slumped in wake of news about a big Brazilian mine potentially reopening. Two-year Treasury yields remain below the top of the Fed’s policy target range amid expectations of a dovish tone from the central bank, while the dollar ticked higher after three days of losses.
US After Hours SMAR +9%, SCS +7%, TME -6%, AIR -6%, FDX -5% among notable earnings/guidance movers
Nikkei +0.20% Hang Seng -0.33% CSI +0.00% Shanghai -0.04% Shenzen -0.29%
Eur$ 1.1348 CNH6.7141 CNY 6.7127 JPY 111.59 GBP 1.3250 CHF 0.9995 RUB 64.2243 TRY 5.4781 WIT$ 59.07 +0.07%
S&P +0.04% EuroStoxx -0.39% FTSE -0.43% Dax -0.69% SMI -0.28%
Macro :
- May Is Stuck in Fight Over Brexit Delay With Nine Days to Exit
Keep an eye on :
- ABI BB : AB InBev Names Barrington Chairman, Replacing Goudet
- ADS GY : Adidas: Rabe, Uebber Among Candidates for Supervisory Board
- ADO GY : ADO Properties Full Year FFO I Per Share Misses Lowest Estimate
- AGR AV : Agrana Keeps Serbian M&A Plans on Ice on Sugar Slump, APA Says
- BAYN GY : Bayer Loses First Phase of Roundup Trial, Now to Face Liability
- BEZQ IT : Bezeq Unit Write-Down Swells to 1.5b Shekels After ISA Decision
- BP/ LN : BP Exploring Buying Solar Energy to Power Operations in the U.S.
- BPOST BB : Bpost Cuts 2019 Adjusted Ebit Forecast
- CLNX SM : Cellnex Looks to Buy Majority Stake in TDF: Expansion
- CHG LN : PIRC Recommends Oppose Vote on Chemring Pay Report, Policy
- DBK GY : Verdi Chief Says Merger Could Mean 30,000 Job Cuts: Handelsblatt
- DIA SM : DIA Investors to Choose Between Rival Rescue Plans at Tense AGM
- DPW GY : Watch European Logistics Firms After FedEx Cuts Outlook Again
- EDP PL : Elliott Is Said to Continue Push for EDP to Sell Brazil Stake
- FPE GY : Fuchs Petrolub Sees Revenue +2% to +4% While Ebit to Fall (1)
- GSK LN : GSK Dostarlimab Study Could Help Justify Tesaro Price: Jefferies
- GLEN LN : Aeris Makes Offer to Buy CSA Mine From Glencore; Still in Talks
- IPH FP : Innate Pharma: Jan. Cash Position EU257M After AstraZeneca Deal
- INSR NO : Insr Insurance Group Names Hans Petter Madsen CFO
- ISAT LN : Inmarsat Confirms It Received a Bid From Apax Partners-Led Group
- ISAT LN : Apax and Warburg Pincus said to be working on a plan to take co private - Betaville
- KAHL SS : Kappahl Reports Unexpected Second Quarter Profit
- MONC IM : Moncler Holders ECIP M S.A to Offer EU450m Shrs
- NOEJ GY : Norma Full Year Dividend Per Share Misses Estimates
- NEOEN FP : Neoen’s 375-Megawatt Mexico Solar Project Gets Debt Financing
- PWTN SW : Panalpina EGM Battle Heats Up as ISS Advises Rejecting Changes
- RNO FP : Nissan Is Said to Cut China Sales Outlook as Market Sputters
- RNO FP : Ghosn Could Face Tokyo Trial as Soon as This Autumn: Kyodo
- SRG IM : *SNAM: EURO COMMERCIAL PAPER PROGRAM INCREASED TO EU2B
- FTI FP : TechnipFMC Gets Sverdrup Phase 2 Subsea Contract From Equinor
- TEVA IT : Teva To Sell Jerusalem Plant for 171m Shekels, TheMarker Says
- TEP FP : Teleperformance Top Choice in Sector, Upgraded at Morgan Stanley
- DG FP : Vinci Former Group Chairman Serge Michel Dies at 92
- ZO1 GY : Zooplus Postpones EU2 Bln Sales Target as ‘Too Ambitious’, Zooplus Sees 2019 Pretax Loss EU15M To Pretax Profit EU5M