Asian stocks were mostly weaker on low volumes, rounding out a third week of losses on a note of caution. The pound kept its gains following a breakthrough over the Brexit deal between the U.K. and EU.
Chinese equities led regional declines, with the technology sector weak on concern the U.S. is ratcheting up a campaign against Huawei Technologies Co.Stocks also fell in Hong Kong, Malaysia and South Korea, while Australian shares outperformed and U.K. futures pointed to a muted start in London. U.S. equity futures indicated declines when trading begins in New York following the Thanksgiving break.
Volumes were lower than average as the week ends with Japan and India shut for holidays, and Treasuries won’t start trading until the London open. China’s yuan slipped amid speculation policy will need to be eased further in 2019 as the economy slows. The pound held on to gains as a draft Brexit deal for deep ties between the U.K. and European Union as well as a solution to the Irish border question was reached. Now it depends on whether opponents of Prime Minister Theresa May can be convinced, with markets expectations showing volatility for sterling will remain elevated.
Nikkei +0.65% Hang Seng -0.47% CSI -2.06% Shanghai -2.35% Shenzen -3.46%
Eur$ 1.1410 CNH 6.9358 CNY 6.9404 JPY 112.87 GBP 1.2878 CHF 0.9943 RUB 65.7145 TRY 5.3041 WTI$ 53.20 -2.60%
S&P -0.47% EuroStoxx +0.00% FTSE +0.00% Dax -0.07% SMI -0.26%
Macro :
- Ghosts of Italy Past Shouldn't Haunt Europe's Looming 5G Auction
- Trump Says ‘Very Prepared’ For Talks With Xi at G20 Meeting
- German Car Bosses Willing to Attend White House Meeting: Rtrs
Keep an eye on :
- ACKB BB : Ackermans Third Quarter Net Cash EU109.8 Mln
- AIR FP : Air France to Reduce Its Airbus A380 Fleet: Les Echos
- ALV GY : Allianz Real Estate, ESR in $1B India Logistics Investment Plan
- AVON LN : Avon Rubber Consensus Estimates Too High, Panmure Cuts to Sell
- BA/ LN : BAE Names Lockheed, Saab as Preferred Partners for Frigates
- BMW GY : German Car Bosses Willing to Attend White House Meeting: Rtrs
- CFEB BB : CFE Sees FY DEME Ebitda Margin +16% To +20%, Saw Above +16%
- DAI GY : German Car Bosses Willing to Attend White House Meeting: Rtrs
- ENI IM : OMV, Eni Said to Vie for $8 Billion Stake in Adnoc Refinery Unit
- FER SM : Ferrovial, PSP Investments Eye Stake in India’s GVK Airport: TOI
- FLYB LN : Virgin Atlantic in Talks About Bid for Flybe: Sky
- G1a GY : GEA Outlook Cuts FY Op Cash Flow Margin to 6.5-7.0% From 8.5%
- NOVOB DC : Novo Nordisk Says Oral Semaglutide Trial Met Primary Objective
- PCBB BB : *MCKESSON UNIT OCP FILES EU8.40/SHARE OFFER FOR PCB TO REGULATOR
- UG FP : French Govt in Talks w/ Auto Makers on Car Purchase Aid: Libe
- PIRC IM : Intesa May Buy Up to 10% in Pirelli Shareholder Camfin: Sole
- RNO FP : Nissan Is Said to Seek Review of Renault Shareholding Structure
- RNO FP : Renault Cutting Nissan Stake Could Open M&A: Jefferies
- RNO FP : Renault ‘Perfectly Organized’ to Ensure Continuity: Bollore
- SEBA SS : Swedish FSA Reviewing SEB and Swedbank’s AML Practices: DI
- VIV FP : Tencent Music Is Said to Mull Launching U.S. IPO Early December
- VOW3 GY : VW Ordered to Refund Full Price of Gulf Model by Court: Bild
- VOW3 GY : VW Acquires 49% Stake in Digital Specialist Diconium: FAZ
- VOW3 GY : VW Plans Spvy Board Meeting on Truck IPO Before Christmas: HB
- WES NA : Wessanen Downgraded to Hold at Berenberg; PT 12 Euros