Stocks in Asia struggled for direction Wednesday, while Chinese shares slumped as concerns lingered over the impact of potential global trade restrictions. The dollar and Treasury yields steadied.
The steepest declines were in Hong Kong and China, with Chinese shares sliding for a third day and extending a bear market, as the yuan continued to weaken. Equity benchmarks in Tokyo ended little changed after swinging between gains and losses, and the yen climbed. A gauge of energy companies on the MSCI Asia Pacific Index of stocks rose as oil consolidated above $70 a barrel following reports the U.S. is pressing allies to halt imports of Iranian crude. European futures signaled a softer open for equities.
Nikkei -0.31% HAng Seng -1.07% CSI -2.04% Shanghai -1.16% Shenzen -1.20%
eur$ 1.1660 CNH 6.5984 CNY 6.5942 JPY 109.82 GBP 1.3226 CHF 0.9899 RUB 63.1416 WTI$ 70.87 +0.93%
S&P -0.34% EuroStoxx -0.24% Dax -0.06% FTSE +0.03% SMI -0.12%
Macro :
- Morgan Stanley Sees ‘Rolling Bear’ Reaching High-Quality Stocks
Keep an eye on :
- AED BB : Aedifica to Buy Senior Housing Site in Germany for About EU10m
- AC FP : Accor Is Said to Seek Partners for Air France-KLM Stake: FT - https://on.ft.com/2ly47EO
- ANDR AV : Andritz Upgraded to Buy at Hauck & Aufhaeuser; PT 51 Euros
- BNP FP : Banca March Seen Favorite for BNP Client Portfolio: Cinco Dias
- BP/ LN : Trump Power Plan Could Create ’Uncertainty’: BP Energy CEO
- BN FP : Danone Will Cut Morocco Prices Amid Boycott, Vows Not to Leave
- BNZL LN : Bunzl Sees 1H Revenue Up by 11%, Expects More Acquisitions
- CRAW LN : Crawshaw Group Sales Drop 1.6%, Like-For Like Sales Down 12.9%
- DTE GY : Priebus Is Said to Have Offered Advice to T-Mobile: Politico
- EDR SM : EDreams Sees Adj. Ebitda of EU118M for 2019 Fiscal Year
- ENI IM : Mozambique Sees Gas Starting to Flow by End of 2022
- EQNR NO : Sonangol, Equinor Sign MoU to Bolster Angola Oil Output
- FJET LN : Fastjet In Talks About Potential Equity Fundraising Amid Risk
- FRU GY : Ferratum Cuts Full Year Revenue Forecast
- GLPG NA : Galapagos Eligible to Get EU9m as Rochella Phase 2 Trial Begins
- IGG LN : IG Markets Ltd Fined EU500,000 by French Markets Regulator
- IWG LN : IWG Says Prime Opportunities Offer Deadline Extended to July 21
- IWG LN : IWG Sees 2018 Operating Profit Below Views by ~GBP15M-GBP20M
- ISAT LN : French group folds, giving EchoStar chance to show hand for UK satellite group - https://on.ft.com/2N09Hfz
- JD/ LN : JD Sports Can Reach ‘Next Level’ With Finish Line: Peel Hunt
- DEC FP : APN Outdoor ‘Highly Unlikely’ to Get a Better Offer: Morgans
- LIGHT NA : Tybourne Equity Master Fund Reports Signify Short of 1.77%: AFM
- NRX FP : Givaudan Starts Tender Offer for Outstanding Naturex Shares
- OHL SM : Obrascon Huarte Names Cuadrado Chairman, Retribitions
- POG LN : Petropavlovsk Is Said to Weigh Options as Investor Vote Looms
- POM FP : Plastic Omnium Completes Purchase of Additional 33.3% of HBPO
- REACH NO : Reach Subsea Wins Equinor Frame Pact for 3 Years With Options
- RR/ LN : Rolls-Royce’s New Boeing 787 Engine Faces Wear-Issue Inspections
- RUI FP : Rubis Cut as Momentum Mixed, But M&A is Upside Risk: Berenberg
- SAS SS : SAS Holder Norway to Offer Up to 37.8m Shrs via Nordea
- SHP LN : Takeda CEO Comfortable W/ Competition to Shire Haemophilia: FT
- SIV LN : St Ives CEO Armitage to Retire, Schwan Named as Successor
- ILE LN : Ultra Electronics Lowers FY Op. Profit Guidance by GBP4m-GBP6m
- DG FP : French Govt to Terminate Nantes Airport Contract W/ Vinci: AFP
- VOW3 GY : VW Details Disruption From Switch to New EU Emissions Regime
- VOW3 GY : Audi Postpones E-SUV Premiere After Stadler Arrest: Magazine
- VOW# GY : VW Defeats Missouri Lawsuit Over Diesel Emissions Cheating
- WTB LN : Whitbread First Quarter Comparable Sales -1.3%
- XAR LN : Xaar 5-Mo. Legacy Ceramic Sales Miss Plan; Cost Cuts Planned
- XIL FP : Xilam Plans Capital Increase of About EU16M Through Placement
- XIOR BB : Xior Completes Purchase on Bonnefanten College in Maastricht