Most currencies advanced against the dollar after the Federal Reserve abandoned projections for a resumption in interest-rate hikes this year and signaled a swift end to its balance-sheet contraction. China’s yuan hit its strongest since July, while stocks were mixed.
Treasuries climbed after the Fed’s stance was more cautious than most had forecast, with 10-year yields dropping to 2.53 percent. Most Asian stocks climbed, though Japan is closed for a holiday. U.S. and European futures were little changed. New Zealand’s dollar rose as a pick-up in growth eased concern on the need for policy easing. Australia’s dollar gained after a drop in the unemployment rate.
US After Hours GES -13.5%, MU +4.3%, WSM +2% following earnings/guidance
Nikkei +0.20% Hang Seng -0.58% CSI +0.04% Shanghai +0.35% Shenzen +0.77%
Eur$ 1.1425 CNH 6.6834 CNY 6.6801 JPY 110.48 GBP 1.3220 CHF 0.9918 TRY 5.4383 WTI$ 60.12 -0.17^%
S&P -0.16% EuroStoxx -0.18% FTSE +0.05% Dax -0.26% SMI -0.37%
Macro :
- Fed Sees No 2019 Hike, Plans September End to Asset Drawdown
- EU Pushes U.K. to Brink of No-Deal Brexit as May Seeks Delay
Keep an eye on :
- AF FP : France’s APE Participates in Air France-KLM Convertible Sale
- ALV GY : Allianz CFO Says Looking to Diversify Into New Strategies: FT
- BAVA DC : Bavarian Nordic 2019 Revenue Forecast Beats Estimates
- BOY LN : Bodycote Fairly Valued Amid Macro Slowdown Exposure: Berenberg
- CARLB DC : Carlsberg Faces EU250 Million Fine in German Cartel Case: Finans
- DBK GY : Deutsche Bank Mandates External Co. to Probe Spvy BD Leaks: NDR
- ELIOR FP : Elior in Talks With PAI on Potential Sale of Catering Activities
_ EL FP : EssilorLuxottica Holder Delfin Sees Violation of Merger Accord, EssilorLuxottica’s Del Vecchio Links Fight to Promotions: Figaro
- GAMA LN : Gamma Offers Substantial Growth Potential, Buy Stock: Jefferies
- HEI GY : HeidelbergCement Sees Growth in 2019 as Profit Hurt by Weather
- HBH GY : Hornbach Group FY Prelim. Adjusted EBIT EU135M, Est. EU149.75M
- IBABA BB : Ion Beam Full Year Revenue Misses Lowest Estimate
- JEN GY : Jenoptik Full Year Dividend Per Share Matches Estimates
- SKB GY : Koenig & Bauer Full Year Ebit Meets Estimates
- LXS GY : Lanxess Automotive Concerns Now Reflected in Shares: Berenberg
- MERL LN : Merlin Ebit Growth in 2019 Unlikely, Shares Mispriced: Berenberg
- METN SW : Metall Zug Full Year Gross Sales 1.7% Above Estimates
- MBTN SW : Meyer Burger Full Year Sales Miss Lowest Estimate
- MONC IM : Moncler Director Juan Carlos Torres Carretero Resigns
- OPHR LN : Medco Global Boosts Ophir Offer Price to 57.5 Pence a Share
- PAT GY : Patrizia Immobilien Plans 8% Dividend Increase
- PRS SM : Prisa Sets Capital Increase Price at EU1.33/Share
- RB/ LN : Clorox Sues Reckitt Benckiser Over ‘Deceptive’ Lysol Ads
- RILBA DC : Ringkjøbing Landbobank to Buy Back Shares up to DKK190
- SCYR SM : Strabag, Sacyr Get Financing for Colombia $712m Road Project
- SIFG NA : SIF Full Year Adjusted Ebitda Misses Lowest Estimate
- SKAB SS : Skanska: Unlikely to Reach Construction Margin Target in 2019-20
- STAGR FP : Holder Ares Life Agrees to Buy Remaining Shares of Stallergenes
- TLG GY : TLG Immobilien Full Year FFO I Per Share Misses Estimates
- TTI GY : Tom Tailor Holding Sells Bonita Unit, Terms Are Confidential
- TMG SS : *MARKETING GROUP PLC: TERMINATES PACTS WITH MANGOLD
- UBSG SW : UBS Drops Financing of New Coal Plants in Sustainability Focus
- MF FP : Wendel FY Net Income Falls; Plans EU200m Share Buyback
- WDI GY : Wirecard COO Was Aware of Allegedly Fraudulent Transactions: FT
- ROSE SW : Zur Rose Group Aims to Double Sales by 2022