tocks in Hong Kong fell with U.S. equity futures and the Australian dollar after China called off planned trade talks with U.S. officials, potentially triggering an escalation in the protracted tariff war between the world’s two-biggest economies.
While the yen erased an early advance Monday, the Australian and New Zealand dollars remained lower as a new round of tariffs between the U.S. and China came into effect. Volumes across Asia were thinner than average due to holidays in the largest markets, China and Japan. European equity futures signaled a weaker open.
Most of the action was centered in Hong Kong, where stocks sank. Real-estate developers were under pressure amid concern they may suffer a potentially devastating blow to their biggest source of financing. Bank-to-bank borrowing costs jumped the most since December 2008 in the city as liquidity tightened ahead of forecasts for hikes to the underlying rate for the first time in more than a decade.
Nikkei +0.82% Hang Seng -1.48% CSI +3.03% Shanghai +2.50% Shenzen +1.77%
Eur$ 1.1726 CNH 6.8733 CNY 6.8571 JPY 112.55 GBP 1.3069 CHF 0.9605 TRY 6.3290 RUB 66.4225 WTI$72.06 +1.81%
S&P -0.26% EuroStoxx -0.38% Dax -0.46% FTSE -0.25% SMI -0.12%
Macro :
- Amadeus IT, Kering to Join Euro Stoxx 50; Deutsche Bank Dropped
- Puma, Hikma, PZU, PKO to Join Stoxx Europe 600
- OPEC Gives Tepid Response to Trump’s Demand for Lower Oil Prices
- Bpi May Borrow EU3Billion to Defend French Companies: Les Echos
- France Is Said to Plan EU20b Corporate Tax Cuts in 2019: Echos
Keep an eye on :
- ABE SM : Abertis Drops Arbitration Case Against Argentina: Confidencial
- AMS SM : Amadeus IT, Kering to Join Euro Stoxx 50; Deutsche Bank Dropped
- ASSAB SS : Assa Abloy Buys U.S. Biometric Identity Management Provider
- BAKKA NO : Bakkafrost Recorded High Mortality at Fish Farming Site A-81
- BEKB BB : Bekaert may sell Italian wire pipe operations to industrial bidders
- BMW GY : German Carmakers, Merkel Discussed Diesel Car Fixes: VDA
- BT/A LN : BT Is Said in Talks to Name Worldpay’s Jansen as CEO, Sky Says
- CO FP : Groupe Casino Rejects Carrefour’s Approach About Combination
- CA FP : Carrefour Denies Having Approached Casino About Combination
- CNHI IM : *CNH INDUSTRIAL GAINS AS MARIO GABELLI PITCHES ON CNBC
- 1COV GY : Covestro Said to See Weak Industry Demand in Summer: Euro am S.
- DAI GY : German Carmakers, Merkel Discussed Diesel Car Fixes: VDA
- AM FP : Dassault Says Partnership With Reliance Group Is Co.’s Choice
- DRX LN : Drax Group in Talks to buy Iberdrola Assets: Business Telegraph
- ELUXB SS : Dagens Industri Recommends Readers to Buy Electrolux Shares
- ENGI FP : Engie Regulated Gas Tariffs May Rise About 3% on Oct. 1: Figaro
- EI FP : Luxottica, Essilor Seen Reaching Merger Deal by Early Oct.: Sole
- GLPG NA : Galapagos Starts Global Roccella Phase 2 Trial With Servier
- GPOR LN : Great Portland Estates Appoints Mully as Non-Executive Chairman
- GREEN BB : Greenyard to Divest Horticulture Unit for EU120M
- HEN3 GY : Henkel to Offset Weak Growth in Cosmetics W/Brand Offensive: BZ
- HIK LN : Hikma to Join Stoxx Europe 600
- IBE SM : Drax Group in Talks to buy Iberdrola Assets: Business Telegraph
- ILD FP : Italy 5G Auction Bids Reach EU4.42b: Ministry
- INW IM : Inwit Comps Tougher, M&A Opportunities Curtailed: Morgan Stanley
- KER FP : Kering to Join Euro Stoxx 50; Deutsche Bank Dropped
- NAS NO : Norwegian Air Begun Process to Find CEO Replacement: Nettavisen
- PNN LN : Pennon on Track to Meet Management Expectations for 2018/19
- PUM GY : Puma, to Join Stoxx Europe 600
- RRS LN : *BARRICK AGREES TO BUY RANDGOLD AT 6.1280 NEW BARRICK SHRS EACH
- SIE GY : Siemens Likely to Reach Union Deal on Job Cuts by End-Sept: FAS
- SIE GY : Siemens Said Near Iraq Deal Worth Up To EU13b: Handelsblatt (1)
- LNSX GY : Sixt Sees Year-End Contract Portfolio at Prior Year’s Level
- SRE US : California Governor Vetoes Bill on Utility Rates for Penalties
- SOLB BB : Solvay to Lift Solef PVDF Capacity in Europe by More Than 35%
- TCG LN : Thomas Cook Sees FY Underlying Ebit ~GBP280m; CFO to Step Down
- TIT IM : Italy 5G Auction Bids Reach EU4.42b: Ministry
- TIT IM : Telecom Italia CEO backed by Vivendi amid resignation rumours
- FP FP : Total Makes Major Gas Discovery Off U.K.
- VCT FP : Vicat Names Chomel as CFO to Replace Souchet
- VIV FP : Telecom Italia CEO backed by Vivendi amid resignation rumours
- VOLVB SS : Volvo CEO May Consider Acquisitions, Dagens Industri Reports
- WPP LN : WPP Is Said Considering Young & Rubicam, VML Merger: WSJ
- ZURN SW : Zurich CEO Expects to Meet, Beat Targets by End 2019: Repubblica