Asian stocks fell, extending the worst week for regional equities since late March, amid concern global trade restrictions will curb growth. Treasuries pared gains and oil prices rose as OPEC moved closer to a deal on output.
A drop in Japan’s Topix index brought the week’s decline to almost 3 percent, while equities also fell in China and Hong Kong. Australian shares outperformed. The S&P 500 Index closed lower and the Dow Jones Industrial Average posted its eighth straight drop after the Supreme Court ruled states can collect sales tax from online retailers, rattling Amazon.com and EBay. The dollar steadied while West Texas oil rose above $66 as OPEC and its allies reached a preliminary agreement despite strong opposition from Iran to boost production.
Nikkei -0.78% Hang Seng -0.12% CSI -0.25% Shanghai -0.17% Shenzen +0.49%
Eur$ 1.1634 CNH 6.5033 CNY 6.4983 JPY 109.99 GBP 1.3272 CHF 0.9899 RUB 63.5150
S&P +0.18% EuroStoxx +0.12% Dax +0.02% SMI +0.03%
Macro :
- U.S. Weighs Resuming China Talks Amid Split on Trump Trade Team
- Lazard’s Pigasse Says Italy May Create European Crisis: Echos
Keep an eye on :
- ADP FP : ADP’s Hub One Acquires Cybersecurity Firm Sysdream
- AIR FP : Airbus Warns It May Withdraw U.K. Investment in No-Deal Brexit
- AIR FP : Boeing May Have a Lot to Lose in a China-U.S. Trade War
- AXA NO : Axactor Signs Unsecured Consumer Forward Flow Pacts in Germany
- BP/ LN : BP Is Said to Move Global Crude Trading Head Wise to Chicago
- BPE IM : Unipol to Raise BPER Stake to as Much as 15% in Reverse ABB
- CRG IM : Banca Carige Says Moving Forward With Derisking Plan
- BOL FP : Paris, Suburbs Vote to End Autolib Car-Sharing Program: AFP
- CMBN LN : Cambian Says Trading in 5 Months Ended May Meets Expectations
- DHER GY : Delivery Hero Sells Swiss Operations to Takeaway.com; No Terms
- DBK GY : Deutsche Bank’s Defendant Challenges Prosecutors in Paschi Trial
- DBAN GY : Deutsche Beteiligungs: BaFin Opinion May Affect FY Forecast
- DPW GY : Deutsche Post DHL Will Review Terms With Large Customers: WiWo
- FB US : Facebook Should Be Dumped by All Sustainable Funds, Nordea Says
- FNAC FP : Fnac Darty Names Olivier Theulle Director of Ops, Info Systems
- GKP LN : Gulf Keystone Reaches Investment Plan Deal With Kurdistan
- HBH GY : Hornbach Holding Sales in Line, EBIT Better Than Expected: Oddo
- ILD FP : Arcep Says Orange Must Grant Free at Least 40 Yrs Fiber Access
- KER FP : Kering in Talks to Sell Christopher Kane Brand Back to Designer
- MHG NO : Marine Harvest Can Proceed With Closing Northern Harvest Deal
- MMB FP : Arnaud Lagardere to Head Company’s News Division: AFP
- NANO FP : Nanobiotix Says NBTXR3 in Soft Tissue Sarcoma Trial Met Endpoint
- NN NA : NN to Sell Dutch Residential Portfolio to Vesteda for EU1.5b
- NOVOB DC : Novo Nordisk CEO Targets Less Bureaucracy, Berlingske Says
- ORA FP : Arcep Says Orange Must Grant Free at Least 40 Yrs Fiber Access
- PYPL US : Paypal to Acquire Simility for $120M in Cash
- RNO FP : Ghosn Says Nissan, Mitsubishi Won’t Be Renault Subsidiaries
- PTEC LN : Playtech Says Italian Market Regulator Approves Snaitech Deal
- RHT US : Red Hat Approves Buyback Up to $1b; Shares Fall After 1Q Results
- ROG SW : Roche Appoints James Sabry Head of Partnering
- RBREW DC : Royal Unibrew Raises Outlook as Good Weather Helps Beer Sales
- SHP LN : Shire Gets FDA OK for U.S Plasma-Making Facility in Georgia
- TDSA PL : Teixeira Duarte Agrees to Sell 7.5% Stake in Lusoponte
- VOW3 GY : Audi Settled Labor Dispute With Diesel Witness for EU1.5m: SZ
- VOW3 GY : Porsche to Hire 1,200 for Taycan EV Production: Automobilwoche