The dollar maintained losses, Treasuries rose and Asian stocksfluctuated as traders assessed the implications of higher borrowing costs in the U.S. and China alongside global trade tensions, with President Donald Trumpset to announce tariffs against Asia’s largest economy on Thursday.
Japanese stocks rose as the yen came off the day’s highs. Korea pared early gains while Hong Kong and Chinese shares fell after China’s central bank alsolifted market interest rates. The greenback remained under pressure as the Fed didn’t suggest that it was leaning toward four rate hikes this year, as some had expected. The yen was the strongest of the Group-of-10 currencies and the ringgit led gains in Asia’s emerging-market currencies. The U.S. 10-year yield slid while yields on two-year U.S. Treasuries, which are more sensitive to changes in Fed policy than longer debt, extended its decline.
Nikkei +0.99% Hang Seng -0.59% CSI -1.01% Shanghai -0.53% Shenzen -0.49%
Eur$ 1.2366 CNH 6.3156 CNY 6.3189 JPY 105.81 GBP 1.4158 CHF 0.09480 RUB 56.88 WTI$ 65.11 -0.09%
S&P -0.15% EuroStoxx -0.42% FTSE -0.28% Dax -0.62% SMI -0.34%
Macro :
- Bank of England Seen on Hold, China Tightens, Tariffs: Eco Day
Keep an eye on :
- AIR FP : Pentagon Sees $655b in Deal That Boosts F-35s, Super Hornets
- ALFEN IPO : Alfen IPO Priced Below Initial Price Range at EU10/Shr
- ALM LN : Allied Minds Full Year Revenue $5.00 Mln
- BNP FP : Taiwan FSC Will Decide on Response After BNP Incident Report
- CA FP : Carrefour to Launch New E-Commerce Site By Year-End: Echos
- CWC GY : Cewe Sees 2018 Ebit Increase of Up to 10%
- ECONB BB : Econocom Group Names Robert Bouchard as CEO
- ENGI FP : Engie Eyes New Center in Singapore to Keep Cities Cool for Less
- GTO NA : Gemalto Set to Win Deal to Make Blue British Passport: Telegraph
- HEI GY : HeidelbergCement Expects to Significantly Improve Profit in 2018
- HLE GY : Hella Nine Month Adjusted Ebit Margin +8%
- HBH GY : Hornbach Holding Full Year Sales Match Estimates
- IBABA BB : Ion Beam Full Year Revenue Misses Lowest Estimate
- IIA AV : Starwood Capital Makes Offer for Stakes in CA Immo, Immofinanz
- KU2 GY : Kuka Expands China Presence With New Joint Ventures
- LAM LN : Lamprell Full Year Revenue $370.4 Mln
- MC FP : Zenith CEO Sees Up to 25% 2018 Sales Growth on China, Defy Model
- MDG1 GY : Medigene Sees Full Year Ebitda Loss EU21 Mln To EU23 Mln
- METN SW : Metall Zug Full Year Gross Sales Meet Estimates
- MBTN SW : Meyer Burger Full Year Sales 1.7% Above Estimates
- MS U : *MORGAN STANLEY IS SAID TO MULL ADDING 80 STAFF IN PARIS: ECHOS
- NEXT NO : Next Biometrics Offering Prices NOK120m Shares at NOK42/Share
- OTE1V FH : Outotec Holder Tamares to Offer 10.2m Shares via Deutsche Bank
- PHM SM : Pharma Mar: CHMP Confirms Denial of Aplidin Marketing Request
- RB/ LN : Reckitt Ends Talks for Pfizer’s Consumer Health Business
- SVA PL : SAG Shareholders to Vote on Loss of Public Company Status
- TED LN : Ted Baker Full Year Revenue Meets Estimates
- TIT IM : Paul Singer Held 5.74% in Telecom Italia as of March 15: Consob
- TRI FP : Trigano 2Q Sales Jump 42%; Co. Sees 1H Profit ‘Substantially’ Up
- UCB BB : FDA Approves Label Update for UCB’s Cimzia in U.S.
- SENSIRION IPO : Sensirion Prices IPO at CHF 36 Per Share
- UHR SW : Swatch’s Omega Gained Market Share in 2017, Chief Tells L’Agefi
- VOW3 GY : Bosch Ordered by German Court to Disclose VW Diesel Files: HB
- MF FP : Wendel Posts FY Profit; Co. Sees Large Investments Ahead
- ZO1 GY : Zooplus Full Year Pretax Profit EU4.1 Mln