Stocks in Asia retreated along with U.S. and European equity futures amid concern over escalating Sino-U.S. tensions and worries the recovery in the world’s largest economy has stalled. The dollar extended this week’s slide.
Shares in China bore the brunt of losses and the offshore yuan slid as China ordered the U.S. to shut a consulate in a tit-for-tat retaliation. Equities in Hong Kong and Australia were also lower. Intel Corp.’s warning on a production delay weighed on sentiment after triggering an after-hours slump in the stock. Futures on the S&P 500 Index and Euro Stoxx 50 declined. Earlier, the Nasdaq 100 Index turned negative for the week.
US After Hours INTC -10.4% is lower on earnings and 7nm delay; SKX +9.4%, SAM +8.6%, MAT +7.5%, EW +5% are up on earnings
Nikkei -0.58% Hang Seng -2.29% CSI -3.51% Shanghai -2.84% Shenzen -3.74%
Eur$ 1.1598 CNH 7.0234 CNY 7.0176 JPY 106.40 GBP 1.2735 CHF 0.9250 RUB 71.4991 WTI$ 41.10 +0.07%
S&P -0.42% NAsdaq -0.66% EuroStoxx -1.28% FTSE -1.25% Dax -1.44% SMI -1.07%
Macro :
- Fund Flows Data Shows Investors Favor Bonds and Gold: Jefferies
- Flows Show Selling in China, U.S. Stocks, Buying Bonds: Citi
- China Asks U.S. to Close Chengdu Consulate
Keep an eye on :
- ACCEL NA : Accell First Half Ebit EU45.1 Mln, -19% Y/y
- AIR FP : Airbus Build Rates at Risk as Travel Recovery Stretches: React
- ALSN SW : Also First Half Ebitda 3.0% Above Estimates
- ATEB BB : Atenor Buys Office Development Project in Dusseldorf; No Terms
- ATL IM : Activist Hohn Seeks Autostrade ‘Fair’ Price in Italy Forced Sale
- ATL IM : Atlantia May Be Cut by Moody's
- BAS GY : BASF, Law Firm to Pay $72.5 Million in Talc-Fraud Settlement
- BMPS IM : ECB Wants Italy to Add EU700M to Paschi Capital: Repubblica
- BNR GY : Brenntag Prelim 2Q Sales About EU2.82 Bln, Est. EU2.77 Bln
- BRBY LN : Burberry, Tencent Unveil a “Social Retail’ Store in Shenzhen
- CASS IM : Cattolica Investors With 0.03% Stake Seek Capital Hike Annulment
- CLNX SM : Cellnex Placing of 13.2m Shares Related to Edizione Rights Sale
- AM FP : Dassault Aviation First Half Adjusted Net Sales Beat Estimates
- DGE LN : Diageo to Reorganize Its Indirect Shareholding in Kenyan Unit
- DIS US : Disney Delays ‘Mulan,’ ‘Star Wars’ With Virus Still Raging (2)
- RF FP : WorldStrides Wins Permission to Tap DIP Loan to Pay Refunds
- EKT SM : Euskaltel 2Q Net Jumps 49% as Targets‘Exceeded’ (1)
- GFC FP : Gecina Office-Value Rise Backs Guidance for Slim EPS Drop: React
- IBE SM : Iberdrola Closes In on Infigen Deal With Increased Stake
- ING FP : Worldline to Complete Ingenico Takeover by Start of Oct.: CEO
- KCR FH : Konecranes Second Quarter Adjusted Ebit Beats Highest Estimate
- LONN SW : Lonza First Half Core Ebitda Beats Estimates
- MCOVB SS : Medicover Second Quarter Operating Loss Narrower Than Estimates
- OBEL BB : Orange Belgium FY Adjusted Ebitda View Midpoint 1.5% Above Est.
- SCHP SW : Schindler to Cut 2000 Jobs, Sees Full Year Revenue -6% to 0%
- LIGHT NA : Signify Second Quarter Comparable Sales Beat Estimates
- PST IM : Poste Italiane Has Accord With TIM, Open Fiber on Ultrabroadband
- STCBV FH : Stockmann Second Quarter Adjusted Ebit Loss EU1.8 Mln
- SUN SW : Sulzer First Half Sales 1.9% Above Estimates
- SUN SW : Sulzer Confirms 55 Positions Eliminated in Switzerland
- TSLA US : SpaceX Said in Talks to Raise Funds at $44 Billion Value (1)
- HO FP : Thales Forecasts Lower FY Sales, Earnings After First-Half Slump
- TIETO FH : TietoEvry 2Q Adj. Profit Tops Highest Est.; Books Large Items
- UBI IM : UBI Investors Tendered 26.4% Shares in Intesa Bid: Borsa Filing
- UBI IM : UBI Says Improved Intesa Offer Doesn’t Full Reflect UBI Value
- UCB BB : UCB Says Bimekizumab Is Superior to Cosentyx in Skin Clearance
- UPONOR FH : Uponor 2Q Adjusted Operating Profit Beats Highest Est.
- VK FP : Vallourec Seeks State Aid as Capital Increase Impossible: Figaro
- WDI GY : German Finance Minister Eyes Payment-Company Law Reform, SZ Says
- WDI GY : Chanos’ Kynikos Associates Made $100m From Wirecard Short: FT
- WDI GY : EY Prepared Unqualified Audit for Wirecard in Early June: FT