Asian stocks gyrated alongside U.S. futures as Chinese shares pared gains and investors continued to harbor concerns about the corporate earnings outlook in an environment of tightening financial conditions. Treasuries edged higher and the dollar steadied.
A turnaround in China’s markets that initially lifted shares in the rest of Asia and kept the MSCI Asia Pacific Index from tipping into a bear market ran out of steam. Benchmarks rose in Japan and came off their highs in China and Hong Kong, while U.S. equity futures resumed a slide. European futures rose, reflecting a late-day rally that lifted U.S. shares off their lows Tuesday. Oil fell to a two-month low on a pledge by Saudi Arabia to meet any shortfall that materializes from Iranian sanctions. Treasuries ticked higher though yields remained above Tuesday’s low.
MANH / RRC +5%, TER +4% are higher, while NDLS -14%, MKSI -10%, IRBT -8%, TXN -6%, EW -3% are lower following earnings/guidance
Nikkei +0.37% Hang Seng +0.04% CSI +0.36% shanghai +0.51% Shenzen -0.12%
Eur$ 1.1463 CNH 6.9429 CNY 6.9378 JPY 112.48 GBP 1.2975 RUB 65.54 CHf 0.9951 TRY 5.7557 WTI$ 66.53 +0.15%
S&P -0.48% EuroStoxx +0.45% FTSE +0.42% Dax +0.51% SMI +0.34%
Macro :
- Oil Tumbles 5% as Saudis Pledge to Produce as Much as They Can
- U.K. Cabinet Is Said to Be at War Over Theresa May’s Brexit Plan
- Italy Banks Need Capital Hike If Spread Nears 400: Giorgetti
- Spain Assets’ Italian Flu to Fade as Growth Prevails: Macro View
Keep an eye on :
- ACA LN : Barrick Said to Favor Taking Back Control of Acacia Mining (1)
- AED BB : Aedifica Sets Issue Price Optional Stock Dividend at EU72.25
- AI FP : Air Liquide 3Q Rev. EU5.27B Vs Est. EU5.2B; Keeps Profit Target
- AKSO NO : Aker Solutions 3Q Adjusted Ebitda Beats Highest Est.
- ALO FP : EU Regulators to Warn Siemens, Alstom Over Rail Deal: Reuters
- AXP US : AmEx Says DOJ, Regulators Probing Foreign-Exchange Business
- AAPL US : Apple to Launch TV Subscription Service Globally: Information
- APR FP : April Says 9-MO Performance Remains in Line W/ Views
- ARCAD NA : Arcadis Third Quarter Organic Revenue +4%
- ANTO LN : Antofagasta Narrows Full-Year Copper Production Guidance (1)
- ASETEK NO : Asetek Third Quarter Revenue $17.4 Mln
- ATS AV : AT&S Boosts Full Year Ebitda Margin Forecast
- ARYN SW : Aryzta Recommends Holders Vote Favour of Capital Raise
- ATL IM : Atlantia May Consider Separating Autostrade Business: Sole
- CS FP : AXA IM Planning Voluntary Departures Plan: L’Agefi
- AXFO SS : Axfood Third Quarter Operating Profit Misses Lowest Estimate
- CRG IM : Banca Carige Approves Sale of UTP Portfolio to Bain Capital
- BARC LN : Barclays 3Q Markets Rev. Rises to GBP1.16b vs GBP977m Yr Ago (1)
- BPI PL : Banco BPI Has Started the Sale of EU200m NPL Portfolio: Forero
- BPI PL : Banco BPI Holds EU686m of Italian Short-Term Debt, Forero Says
- BB FP : BIC Third Quarter Net Income EU56.8 Mln
- BC IM M Berenberg cites takeover speculation as one reason for adding stock to its "buy" list)
- BOL SS : Boliden 3Q Adjusted Operating Profit 4.7% Below Est.
- CO FP : Rallye Broke Rule to Inflate Casino Valuation, Short Sellers Say
- CPINV BB : Care Property Invest to Redevelop Nijmegen Residence for EU9.2m
- CEVA SW : Ceva Says It Asked More Time to Review DSV Bid Before Withdrawn
- COFB BB : Cofinimmo Buys German Clinic Project for EU22m at ~6% Yield
- CBK GY : Commerzbank Among Bidders for NordLB, Platow Brief Reports
- COOR SS : Coor Third Quarter Net Sales Beat Highest Estimate
- DSY FP : Dassault Systemes Beats 3Q EPS Goal, Raises FY EPS Forecast
- DBK GY : Deutsche Bank 3Q FICC Sales & Trading Rev EU1.32 Bln
- DBK GY : Deutsche Bank Net Revenue EU6.2b vs Estimates of EU6.34b, `ON TRACK' TO POST 2018 PROFIT
- DWS GY : DWS Third Quarter Adjusted Pretax Profit Beats Highest Estimate
- EDEN FP : Edenred Confirms FY Targets; 3Q Rev. EU325M V. Est. EU326M
- EDF FP : French Long-Term Energy Strategy Delayed to November: Reuters
- ELK NO : Elkem Third Quarter Net Income 2.3% Below Estimates
- RF FP : Eurazeo Sells Asmodee to PAI Partners in EU565m Deal
- FAGR BB : JPMorgan Asset Management Cuts Fagron Stake to Less Than 5%
- FCT IM : Naval Group, Fincantieri Alliance Making Progress: Ansa
- FRE GY : Akorn/Fresenius Appeal Hearing in Delaware Court Set for Dec. 5
- GFC FP : Gecina 9-Month Gross Rental Inc. EU495M; Co. Confirms FY Target
- SHBA SS : Handelsbanken Sees Job Reductions of 1,600 by End 2022
- IBE SM : Iberdrola Nine Month Ebitda EU6.7 Bln Vs. EU5.44 Bln Y/Y
- INDEX SS : Index Pharmaceuticals Holding Offering Prices at SEK6.02/Share
- IHG LN : InterContinental Hotels Says FMR Has 5% Position in Co.
- INA PL : Inapa Buys Papyrus Deutschland From Optigroup
- ISP IM : BlackRock Is Said to Cool on Intesa Asset Management Tie-Up
- KER FP : Kering 3Q Beats on Another Stellar Gucci Performance: Jefferies
- KLED SS : Kungsleden 9M Income From Property Management SEK821 Mln
- KCO GY : Kloeckner Third Quarter Ebitda Misses Lowest Estimate
- MAU FP : Maurel to Buy $80 Million Angola Assets Controlled by Mistubishi
- MAP SM : Mapfre, Santalucia Mull Merging Funeral Ops: Reuters (Oct.23)
- MELE BB : Melexis Cuts Full Year Revenue Forecast
- B4B GY : Metro Is Said to Tap Citigroup, JPMorgan for China Review
- NDA SS : Nordea CEO Says He’s ‘Not Satisfied’ With Revenue Development
- NHY NO : Norsk Hydro Third Quarter Underlying Ebit Beats Highest Estimate
- OBEL BB : Orange Belgium Third Quarter Adjusted Ebitda Meets Estimates
- OHL SM : OHL Mandates Lazard for Restructuring Plan: Expansion
- ORSTED DC : Orsted May Be Blocked From Private Equity Fund M&A, JP Says
- POLN SW : Polyphor, FDA in Protocol Pact For Murepavadin Phase III Study
- RAL FP : Rallye Broke Rule to Inflate Casino Valuation, Short Sellers Say
- REC NO : REC Silicon Third Quarter Ebitda Loss $6.1 Mln
- RB/ LN : Reckitt Benckiser Says FX Could Hurt Rev., EPS: Reuters
- RRS LN : Randgold Says ISS/Glass Lewis Recommend Vote in Favour of Merger
- RUI FP : Rubis Offers To Acquire 100% of African Oil Marketer KenolKobil
- RYA ID : Ryanair Summons Crew to Disciplinary Meeting Over Staged Photo
- SAF FP : Safran CEO: LEAP Engine Ramp-up Sustainable, to Continue in 2019
- SPM IM : Saipem Third Quarter Adjusted Net Misses Lowest Estimate
- SCR FP : Scor Third Quarter Net Income Misses Lowest Estimate
- STM FP : STMicroelectronics 3Q Net Income Beats Highest Est.
- TEL NO : Telenor Third Quarter Ebitda Beats Highest Estimate
- TIETO FH : Tieto 3Q Adjusted Operating Profit 3.2% Above Est.
- UPONOR FH : Uponor 3Q Adjusted Operating Profit 3.4% Below Est. (1)
- VAO GY : *VAPIANO RISES 27% ON TRADEGATE VS XETRA; WILL SELL NEW SHARES
- DG FP : Vinci Results Should Reassure, Stem Share Slide: Morgan Stanley
- XXL NO : XXL Third Quarter Ebitda Misses Estimates