U.S. futures and most stocks in Asia climbed Tuesday as positive signs emerged on trade talks and ahead of earnings from some of the world’s biggest companies. The British pound edged higher as U.K. Prime Minister Boris Johnson prepares to put his Brexit deal to a vote.
The biggest gains in Asia were in South Korea’s equities, seen as a proxy for U.S.-China trade negotiations. Hong Kong and Australia had more modest increases, while China was little changed. Japan is closed for a holiday. S&P 500 futures climbed suggesting there is scope for the underlying gauge to extend gains after it surpassed 3,000. European futures edged higher.
US After Hours ACO -10.5%, CDNS +5.5%, AMTD +4.2% among notable earnings/guidance movers
Nikkei +0.25% Hang Seng +0.15% CSI +0.06% Shanghai +0.14% Shenzen +0.57%
Eur$ 1.1152 CNH 7.0730 CNY 7.0745 JPY 108.630 GBP 1.2969 RUB 53.75 CHF 0.9866 TRY 5.8441 WTI$ 53.20 -0.21%
S&P +0.10% EuroStoxx -0.03% FTSE - DAx +0.06% MI +0.2%
Macro :
- Netanyahu Fails to Form Government Again, Opening Door for Gantz
- Boris Johnson Finally Gets to Put His Brexit Deal to the Vote
- Trudeau Overcomes Scandals to Win Second Term in Divided Canada
- SoftBank Seeks Majority Stake in WeWork With Bailout Deal (4)
Keep an eye on :
- AAL LN : Anglo American’s De Beers 3Q Output Falls 14%; Keeps Guidance(1)
- AIR FP : EASA Could Clear Boeing 737 Max as Soon as January: Reuters
- AKERBP NO : Aker BP Third Quarter Loss Wider Than Estimates
- ARCAD NA : Arcadis Signs Pact With Evocra on PFAS Treatment Technology
- BIM FP : BioMerieux Sees FY Sales Growth at Bottom of Previous Range
- CPL ID : CPL Sees Earnings in Line With Market Expectations
- DNA FH : DNA Third Quarter Net Sales Beat Highest Estimate
- ELK NO : Elkem Third Quarter Ebitda 1.5% Below Estimates
- ENG SM : Enagas Nine Month Net Income EU333.1 Mln Vs. EU325.7 Mln Y/Y (1)
- EVN AV : EVN Increases Outlook for Year Group Net Result to ~EUR300M
- FIA1S FH : Finnair Third Quarter Ebit Misses Lowest Estimate
- FORT LN : Forterra Sees Pretax Profit ‘Modestly’ Below Prior Year
- GALP PL : Galp Third Quarter Adjusted Net Misses Estimates (1)
- HUSQB SS : Husqvarna 3Q Adjusted Operating Profit Misses Est.
- IDIA SW : Idorsia Nine Month Op. Loss CHF355m, Expenses Below Views (1)
- NK FP : Imerys Says CEO Keijzer Resigns, Lowers 2019 Outlook
- JE/ LN : Just Eat To Be Removed From FTSE 100, M&G Will Remain in Index
- LI FP : Klepierre 9M Gross Rental Income EU936M; Confirms FY Guidance
- KNIN SW : Kuehne + Nagel 9m Ebit +6.6% Y/y; Joebstl Purchase Price CHF23m
- LOGN SW : Logitech Second Quarter Operating Income Misses Lowest Estimate
- LUN DC : Lundbeck Completes Acquisition of Alder BioPharmaceuticals
- MBTN SW : Glass Lewis Backs Sentis Joining Meyer Burger Board, AWP Reports
- NOD NO : Nordic Semiconductor Third Quarter Ebit $5.7 Mln
- NOVN SW : Novartis Raises 2019 Sales, Operating Income Guidance (2) --> +2%
- COX FP : Nicox Reports Positive Results From NCX 470 Phase 2 Trial
- OHL SM : *VILLAR MIR IN TALKS TO SELL OHL TO MEXICO'S AMODIO: EXPANSION
- OR FP : L'Oreal's Bolt-On M&A Confirms Superior Luxury Pace: React
- OR FP : L’Oréal to Buy Mugler Brands, Azzaro Fragrances from Clarins
- OTB LN : On the Beach Says Performance is in Line With Expectations (1)
- PDG LN : Pendragon 3Q Pretax More Than Doubles; FY Loss in Line W/Views
- PRY IM : Prysmian Gets EU73m Binding Offer From Carlisle for Draka Fileca
- RAND NA : Randstad CEO Van den Broek Cautiously Optimistic on U.S. Market
- RB/ LN : Reckitt Cuts FY LFL Net Rev Growth Target to 0-2% (1)
- ROG SW : U.K. CMA Starts Probe on Roche’s Proposed Deal to Buy Spark
- RDSA LN : Ecopetrol’s Gato do Mato Stake Has NPV of $500m: Wood Mackenzie
- SAABB SS : Saab Third Quarter Sales Beat Highest Estimate
- SATS NO : SATS IPO Expected to Price at NOK 23.50 Per Share: Terms
- SOW GY : Software AG 3Q Beat Driven by A&N, Not IoT Cloud, Metzler Says
- SPD LN : Sports Direct Doesn’t Intend to Make Bid For Goals Soccer
- STJ LN : St James’s 3Q Net Inflows GBP2.11b vs GBP2.47b Year Ago (1)
- STERV FH : Stora Enso Completes Divestment of Stake in Dawang Paper Mill
- SRCG SW : Sunrise Calls off Vote on CHF2.8b Rights Issue for UPC Deal (2) -->+2%
- FTI FP : TechnipFMC Gets Integrated EPCI Contract for Shell Perdido
- TIT IM : Telecom Italia Appoints Former Central Banker Rossi as Chairman
- HO FP : Thales 9-Month Order Intake EU10.4b; Organic Change -6%
- FP FP : Total to Double Recycled Polypropylene Capacity for Auto Sector
- TPK LN : Travis Perkins Third Quarter Sales +3.8%
- USBG SW : UBS 3Q Net Beats as Global Wealth Management Gets $15.7b Inflows
- UBSG SW : UBS Pulls in $16 Billion From Rich Clients as Assets Hit Record
- VNET LN : Vianet Says Performance is in Line With Market Expectations
- VOLVB SS : Volvo Cars Backs On-The-Ground Monitors For Battery Metal Mines
- VOS GY : Vossloh to Sell Customized Modules Division; Confirms Forecast
- WALLB SS : Wallenstam 3Q Profit After Tax Rises to SEK463 Million
- WTB LN : Whitbread First Half Revenue GBP1.08 Bln
- YPSN SW : Ypsomed Enters New Partnerships in Diabetes Therapy