Asian stocks fell Friday as earnings season continued. The dollar steadied around a four-month high before the U.S. release on first-quarter economic growth.
Shares declined across the region, though were little changed in Hong Kong. European futures were mixed and U.S. contracts ticked lower. An unexpected tumble in Japanese industrial production, following yesterday’s contraction in South Korea’s GDP, underscored that economies outside the U.S. and China aren’t doing as well. Corporate earnings also failed to give a lift to Asian equities. China’s yuan edged up after President Xi Jinping said his country won’t engage in currency depreciation that harms other nations. Oil ticked lower and Treasuries were flat.
US After Hours MAT +12%, F / GRUB +7%, AMZN +0.6%, SBUX +0.5%, ATEN -11.5%, PFPT -7.5%, INTC -7% among the many earnings/guidance movers
Nikkei -0.22% Hang Seng +0.10% CSI -0.90% Shanghai -0.71% Shenzen -0.73%
Eur4 1.1143 CNH 6.7405 CNY 6.7349 JPY 111.69 GBP 1.2912 CHF 1.0202 RUB 64.6965 TRY 5.9545 WTI$ 64.87 -0.52%
S&P -0.09% EuroStoxx +0.09% FTSE +0.13% Dax -0.03% SMI +0.22%
Macro :
- Buffett May Buy More Bank Stakes After Fed Shift, Barclays Says
Keep an eye on :
- ADP FP : Yellow Vests Plan French Airport Blockades on May 4-5: BFM TV
- ADP FP : Aeroports De Paris 1Q Sales +11.9%; Raises FY Traffic Forecast
- AENA SM : Aena Sees Passenger Traffic Growth at 3.7% in 2019: Filing
- AGFB BB : Active Ownership Capital Boosts Agfa-Gevaert Holding to 13.4%
- AI FP : Air Liquide Confident to Deliver Net Profit Growth in 2019
- AKERBP NO : Aker BP First Quarter Ebitda 1.3% Below Estimates
- AMUN FP : Amundi Posts 1Q Asset Outflows; Net Income Rises 6.4%
- AXA NO : Axactor SE First Quarter Ebitda Beats Estimates
- BESI NA : BE Semiconductor First-Quarter Gross Margin Beats Estimates
- BVI FP : Bureau Veritas Confirms 2019 Outlook
- CAP FP : Capgemini Sees FY Sales At Constant Exchange Rates +5.5% To +8%
- CO FP : Casino 1Q Rev EU8.85B, Slightly Above Est. of EU8.82B
- COFB BB : Cofinimmo First Quarter Adjusted EPS EU1.32 Vs. EU1.47 Y/Y
- CBK GY : Commerzbank’s Zielke: Didn’t Cave in to Unions Over Merger
- CCC LN : Computacenter Sees Earnings Meeting Expectations
- CSGN SW : Credit Suisse Sells Zurich Werdmuehle Branch
- DAI GY : Daimler 1Q Ebit in Line; Cuts Mercedes-Benz Vans Guidance (1)
- DBK GY : Deutsche Bank Fined $500,000 by SEC Over Hedge Fund Disclosures
- DBK GY : Deutsche Bank Cuts 2019 Revenue Guidance (1)
- DTE GY : T-Mobile First Quarter Adjusted Ebitda 2.2% Above Estimates
- DIA SM : Commerzbank Sells Its Debt in DIA, Cinco Dias Reports
- DWS GY : DWS First Quarter Net Flows +EU2.5 Bln
- ECOMB BB : Econocom First Quarter Organic Revenue +1.6%
- EFGN SW : EFG Plans to Repurchase Shares for Employee Incentive Plans
- EPICME NO : Epic Gas to Offer 36.1m Shares at $1.66/Share to Trade On May 23
- EL FP : French Essilor Faction Asks Court to Name Representative:Echos
- ERF FP : Eurofins Scientific 1Q Rev. EU1.07B; Confirms FY Outlook
- ENTRA No : Entra First Quarter Rental Income Meets Estimates
- EXE FP : Exel Industries Says 2H to Be Hit by EU Sugar-Industry Crisis
- FSKRS FH : Fiskars First Quarter Revenue Misses Lowest Estimate
- DEC FP : JCDecaux Names Alan Sullivan as Co-CEO of North America Unit
- FII FP : Lisi 1Q Sales +6.1%; Sees Short-Term Uncertainty Due to 737 Max
- FUR NA : Fugro 1Q 2019 Revenue EU395.0 Mln; FY ’19 Outlook Unchanged (1)
- GLPG NA : Galapagos Maintains FY Oper. Cash Burn EU320 Mln To EU340 Mln
- GAM SW : GAM Shareholders Recommended to Vote Against Executives: FT
- GRNG SS : Granges 1Q Adjusted Operating Profit 1.7% Above Est.
- GVNV NA : GrandVision First Quarter Comparable Sales +5%
- HEMB SS : Hembla First Quarter Rental Income SEK477 Mln
- INTRUM SS : Intrum First Quarter Adjusted Ebit Matches Estimates
- JNPR US : Juniper 1Q Adjusted EPS Beats Est.; Shares Rise 2.6%
- KEMIRA FH : Kemira First Quarter Oper Ebitda Beats Highest Estimate
- KLED SS : Kungsleden First Quarter Rental Rev. SEK586 Mln
- KPN NA : KPN: Prelim. Pact on Partial Network Modernization With Huawei
- KLOVB SS : Klovern 1Q Income From Property Management SEK896 Mln
- KNEBV FH : Kone Needs Stable Markets to Hit High End of New Guidance
- LOOMB SS : Loomis First Quarter Net Sales Miss Lowest Estimate
- NXI FP : Nexity Sees Full Year EBITDA At Least +5%
- PNDXB SS : Pandox 1Q Income From Property Management SEK685 Mln (1)
- PQR SM : *PIOLIN BIDCO TO BID FOR ALL SHARES OF PARQUES REUNIDOS
- PSON LN : Pearson Says Performance is in Line With Expectations
- REC BB : Recticel Unanimously Decided to Reject Kingspan Units Offer
- RNO FP : Renault to Oust Nissan’s Saikawa If He Refuses Merger: Yomiuri
- RNO FP : Renault 1Q Rev. Falls to EU12.53b, Meeting Estimates
- RWE GY : RWE Remains RBC’s Top Pick in German Utilities, EON Challenged
- SAF FP : Safran Says Ahead of Plan on 2019 Guidance
- SAN FP : Sanofi 1Q Business EPS EU1.42; Analysts Expected EU1.32
- SAS S S : SAS Pilot Strike Expands to Include Denmark and Norway
- SESG FP : SES 1Q Ebitda Falls 4.7%, Confirms Targets
- SCHP SW : Schindler 1Q Revenue 1.2% Above Est.; Maintains FY Views (1)
- SGO FP : Saint-Gobain First Quarter Sales EU10.4 Bln
- SK FP : SEB First Quarter Operating Result From Activity EU138 Mln
- GLE FP : SocGen Said to Lose 3 Agriculture Traders Amid Commodity Retreat
- SOP FP : Sopra Steria Sees Full Year Adjusted Operating Margin About 10%
- SIOE BB : Sioen First Quarter Revenue EU133.6 Mln Vs. EU131.8 Mln Y/Y
- SAABB SS : Saab First Quarter Sales Beat Highest Estimate
- LIGHT NA : Signify Full Year Adjusted Ebita Margin Forecast Beats Estimates
- SSO NO : Scatec Solar First Quarter Ebitda Misses Lowest Estimate
- SEV FP : Suez Gets EU220 Million in Cash From Aguas Argentinas Settlement
- SEV FP : Suez 1Q Ebit Rises 5.3% to EU293m; 2019 Forecasts Confirmed
- TEP LN : Telecom Plus Cut to Neutral at JPMorgan; Price Target 15 Pounds
- THULE SS : Thule First Quarter Net Sales Meet Estimates
- FP FP : Total 1Q Adj. Net Income $2.76b; Est. $2.78b
- FR FP : Valeo First Quarter Revenue Beats Highest Estimate, Valeo’s 1Q Update Should Inspire Some Confidence, Jefferies Says
- VANL LN : Van Elle Sees Earnings Short of Forecast
- WHA NA : Wereldhave Full Year EPS Forecast Misses Estimates
- WDI GY : Wirecard Supervisory Chairman May Not Seek Re-Election: Platow
- WPP LN : WPP Keeps Expectations Unchanged
- ZURN SW : Zurich Life to Pay $5.12M Penalty Over Tax-Related Offenses: DOJ