Asian stocks and American equity futures dropped after support from the U.S. Congress for Hong Kong protesters set up the potential for further confrontation with China as investors await a trade deal. The yen and Treasuries rose.
The MSCI Asia Pacific Index at one point fell the most in almost three months and S&P 500 futures slid. The biggest drop was in Hong Kong, with President Donald Trump expected to sign the bill. A recent Reuters report that a pact between the two countries may be delayed also weighed on sentiment. The moves did ease as China’s chief negotiator offered some hope, saying he was “cautiously optimistic” about reaching a phase one trade deal with the U.S.
US After Hours NUAN +7%, CPRT +5.3%, JACK / LB +3%, SONO +2% are higher, while CUB -11.5%, LZB -8.8%, NTES -1.7% are lower following earnings/guidance
Nikkei -0.48% Hang Seng -1.65% CSI -0.73% Shanghai -0.50% Shenzen -0.54%
Eur$ 1.1075 CNH 7.0430 CNY 7.0410 JPY 108.59 GBP 1.2927 CHF 0.9912 RUB63.8218 TRY 5.7038 WTI$ 56.83 -0.32%
S&P -0.13% EuroStoxx -0.46% FTSE -0.40% Dax-0.50% SMI
Macro :
- Nickel Enters Bear Market, UBS on Gold: N.A. Materials Wrap
- China’s Top Trade Negotiator ‘Cautiously Optimistic’ on Deal
- Trump Hosted Zuckerberg, Thiel at White House Dinner in Oct: NBC
- Trump Expected to Sign Hong Kong Bill Despite China Threats
- Fed Officials Stress Trade Risk Seen as `Significant’
- U.S. Investor Bull-Bear Spread 5.21: AAII
- Labour Sees Windfall Tax on Oil Firms in Election Manifesto: BBC
- Corbyn Manifesto Targets Britain’s Wealthy: U.K. Campaign Trail
Keep an eye on :
- ABN NA : ABN Probed in 7 Cases of Alleged Insufficient Client Checks: NRC
- ASR IM : AS Roma’s Main Shareholder Is in Talks With Potential Investors
- AVST LN : Avast Holder Vincent Steckler Said to Offer 18m Shares via UBS
- BAKKA NO : Bakkafrost to Raise Up to NOK500M in 0.0285-for-1 Rights Offer
- BATS LN : FDA Nicotine Plan Halt Will Slow Altria's Diversification: React
- BBVA SM : BBVA Freezes EU1.3B Real Estate Portfolio: El Confidencial
- BEFB BB : Befimmo Sets Issue Price Optional Stock Dividend at EU54.39
- BMW GY : BMW Signs 2.9b Euros Battery Cell Deal With Samsung SDI
- EN FP : Bouygues Said to Seek Partners for $2.2 Billion Fiber Projects
- CAI AV : CA Immo Nine Month FFO I EU101.4 Mln
- CLI LN : CLS Holdings Sees Earnings in Line With Expectations
- COTN SW : Comet Targets Ebitda Margin of ~25% in 2025
- CSGN SW : Credit Suisse Is Hiring in Emerging Markets, Says CEO Thiam
- DAI GY : Daimler CEO Says Incentives Crucial to Stimulating E-Car Demand
- DBK GY : Deutsche Bank Resumes Oilfield-Service Research as Peers Retreat
- DBK GY : Germany’s Banking Outlook Has Changed to Negative, Moody’s Says
- DIA SM : DIA Says it Has Completed EU605 Million Capital Increase
- DLG LN : Direct Line Sees Full Year Capital Expenditure About GBP175 Mln
- EBS AV : *ERSTE TARGETS 2020 RETURN ON TANGIBLE EQUITY OF OVER 10%
- EL FP : Del Vecchio Increases Stake in EssilorLuxottica to 32.8%: Sole
- FCA IM : *FIAT CHRYSLER SAYS IT WILL DEFEND AGAINST `MERITLESS' LAWSUIT
- FDJ FP : FDJ Raises $2.1 Billion in France’s Largest IPO in 14 Years
- GIMB BB : Gimv First Half Net Income EU51.4 Mln, -18% Y/y
- HAL NA : HAL 3Q Net Asset Value Per Share EU160.05 Vs. EU139.85 Q/q
- HDD GY : Heidelberger Druck Sells Hi-Tech Coatings to ICP for EU38.5m
- HLNG NO : Hoegh LNG Third Quarter Ebitda Beats Estimates
- HILS LN : Hill & Smith Sees Earnings in Line With Market Expectations
- HSS LN : HSS Hire Sees Earnings in Line With Market Expectations
- IBS PL : Ibersol Nine Month Net Income EU17.5 Mln
- ISAT LN : Inmarsat Buyout Faces Fresh Opposition as Court Ruling Looms
- ISAT LN : Ligado Airwaves Proposal Opposed by U.S. Defense Department
- ITP FP : Interparfums Sees 2020 Op. Margin Between 14% and 14.5%
- KGH LN : Knights Says Performance is in Line With Market Expectations
- LHA GY : Italy Minister Demands Lufthansa Invest in Alitalia: Class CNBC
- LSE LN : London Stock Exchange Works With Startup to Widen IPO Access
- MC FP : LVMH and Tiffany Are Said to Enter Talks After LVMH Boosts Offer
- MAR PL : Martifer Shareholders to Discuss Plan to Bolster Capital Dec. 18
- ALOCA FP : Dickson Acquisition Offers EU2.85 Per Oceasoft Remaining Shr
- ORK NO : Orkla Sells Oslo Business Park to Stor-Oslo Eiendom; No Terms
- PU11 GY : Social Chain AG /The to Offer Up to 904k Shrs
- RNO FP : Marchionne’s One-Time Protege De Meo Leads Renault CEO Race
- ROR LN : Rotork Sees Earnings in Line With Expectations
- SEM AV : Semperit Nine Month Ebitda EU56.4 Mln
- SDRL NO : Seadrill Ltd 3Q Adjusted Ebitda Beats Highest Est.
- SDRL NO : Billionaire Fredriksen Steps Down as Chairman of Seadrill
- SRG IM : Snam Raises 2019 Net Guidance; Confirms Average Growth to 2023
- SOPH LN : Sophos Holders Lammer, Hruska to Offer Shares
- TKA GY : Thyssenkrupp Set to Suspend Dividend as Losses Widen Amid Spiral
- UBSG SW : UBS CEO Says We Are Extremely Well Positioned on Wealth Growth
- WMH LN : William Hill Says Performance is in Line With Expectations