Asian stocks fell Wednesday with the region lacking the catalyst that propelled their U.S. counterparts to record highs: stronger corporate earnings releases. Australia’s dollar slumped after a surprisingly weak inflation reading.
The MSCI Asia Pacific Index headed for its lowest close in three weeks, with shares dropping from Tokyo and Seoul to Shanghai and Hong Kong. Australian equities bucked the trend as flat consumer price growth stoked bets on lower interest rates and pulled down the Aussie, bolstering its competitiveness. Earlier, the S&P 500 Index marked fresh highs following favorable first-quarter figures from the likes of Twitter Inc., Lockheed Martin Corp. and Hasbro Inc. The dollar strengthened, while Treasury yields ticked lower.
US After Hours MANH +9%, TER +6.5%, EBAY +4.4%, IRBT -15%, RHI -10%, SYK -4%, TXN -2%, among notable earnings/guidance movers
Nikkei -0.27% Hang Seng -0.58% CSI +0.00% Shanghai -0.16% Shenzen +0.57%
Eur$ 1.1214 CNH 6.7264 CNY 6.7220 JPY 111.83 GBP 1.2937 CHF 1.002 TRY 5.5828 RUB 63.7270 WTIS65.96 -0.51%
S&P -0.10% EuroStoxx -0.29% Dax -0.23% FTSE -0.21% SMI +0.00%
Macro :
- Support for Swiss Corporate Tax Reform at 62%: Tamedia Poll
Keep an eye on :
- AC FP : Accor Plans 60 New Hotels in Africa, Half of Them in Egypt
- AED BB : *AEDIFICA TO RAISE UP TO EU418 MLN IN RIGHTS OFFERING
- AIR FP : Boeing Seeks FAA Approval of 737 Max Software Fix by May: Rtrs
- AKZA NA : Akzo Nobel 1Q Adjusted Operating Income Misses Lowest Est. (1)
- AKZA NA : Akzo Posts Profit Miss on Raw Material Burden, Auto Slowdown
- BIM FP : BioMerieux First Quarter Sales EU632M; Confirms FY Outlook
- CSGN SW : *CREDIT SUISSE 1Q GLOBAL MARKETS PRETAX CHF282M, EST. CHF170M
- DSY FP : Dassault Systemes Confirms FY Non-IFRS View Ex-Forex
- ELIOR FP : Elior Receives EU1.54b Binding Offer From PAI Partners for Areas
- ENG SM : Enagas First Quarter Net Income Meets Estimates
- HSW LN : Hostelworld Market-Share Loss in 2018 ‘Worrying,’ Berenberg Says
- ING FP : Ingenico Targets Ebitda Around EU700m in 2021
- IPN FP : Ipsen First Quarter Sales EU597.2m; Confirms FY Outlook
- MDXH BB : MDxHealth First Quarter Revenue $4.7 Mln Vs. $9.7 Mln Y/Y
- MUX GY : Mutares Sells 49% Stake in Indian JV to Thermax
- NHY NO : Hydro Reaches Agreement With U.S. DOJ on Sapa Profiles Probe
- NOD NO : Nordic Semiconductor 1Q Ebitda Loss Narrower Than Est.
- NOVN SW : Novartis 1Q Core EPS $1.21; Ups Core Op. Income Growth View
- OBEL BB : Orange Belgium 1Q Retail Service Revenue Beats Est.
- RAND NA : Randstad First Quarter Revenue 1.1% Above Estimates
- RCO FP : Remy 4Q Organic Revenue EU283.5m; Outlook Confirmed
- SAP GY : SAP Increases Operating Profit Outlook as Restructuring Begins
- SAP GY : Elliott Sees SAP Able to Achieve EU8.50 EPS in 2023
- SNBN SW : Moral Headaches Lurk for SNB Tending $141 Billion Stock Hoard
- STM FP : STMicroelectronics 1Q Net Revenue Misses Lowest Est.
- STCBV FH : Stockmann Cuts Profit Guidance Due to Weakened Outlook in Retail
- SSE LN : SSE Not Exciting, Better Utilities Names Out There, Citi Says
- TEL NO : Telenor’s Grameenphone 1Q Consolidated Revenue Rises to NOK3.57B
- TELE2 SS : Tele2 First Quarter Adjusted Ebitda Beats Highest Estimate
- VOLVB SS : Volvo 1Q Adjusted Operating Profit Beats Highest Est.
- VOLVB SS : Volvo: Truck Order Intake Dropped Mainly Due to North America
- WDI GY : SoftBank to Invest EU900m in Wirecard, Signs MoU on Partnership
- WDP BB : WDP First Quarter Adjusted EPS EU1.45 Vs. EU1.34 Y/Y
- XXL NO : XXL First Quarter Ebitda Misses Estimates