Asian stocks kicked off Monday in mixed fashion as investors assess valuations after declines over the past three weeks thanks to the escalation in U.S.-China trade tensions. The yuan steadied after China warned against shorting the currency.
Japan’s Topix index rose, while Hong Kong stocks fell and China’s edged higher. The main equity gauge in South Korea fell. The S&P 500 Index eked out a gain Friday and the 10-year Treasury yield held steady. With holidays in the U.K. and U.S. Monday, trading volumes could be lighter than usual. One of China’s senior-most economic officials said that speculators “shorting the yuan will inevitably suffer from a huge loss.” The comments come just as pressure on the currency mounts amid the trade tensions and softening economic growth.
Nikkei +0.31% Hang Seng -0.23% CSI +0.97% Shanghai +1.12% Shenzen +2.10%
Eur$ 1.1209 CNH 6.9070 CNY 6.8916 JPY 109.50 GBP 1.2739 CHF 1.0037 TRY 6.0688 RUB 64.4933 WTI$ 58.29 -0.585
S&P +0.02% EuroStoxx +0.57% Dax +0.48% FTSE Closed SMI +0.78%
Macro :
- Ifo Sees German Job Growth Losing Pace: Handelsblatt
- Goldman Says Buy Commodities, Vale Upgrade: N.A. Materials Wrap
- Le Pen Set to Beat Macron Group in EU Vote, Polls Show: TOPLive
Keep an eye on :
- ACA LN : Barrick CEO Says Not Ready to Consider Raising Offer for Acacia
- ADS GY : PVH’s Tommy Hilfiger Targets Sportswear Market: Sueddeutsche
- AEVS SW : Aevis Victoria Sells Infracore Stake to Baloise Group, MPT
- AIR FP : Air New Zealand to Buy Boeing 787-10 Jets Worth $2.7 Billion (2)
- AAPL US : Apple Accused of Selling ITunes Customers' Listening Data
- AZN LN : Inventia Health’s Anda for Dapagliflozin Gets Tentative FDA Nod
- BYND US : Beyond Meat Faces Key Test as Wall Street Reviews Hot IPO
- CNA LN : Centrica said to have attracted takeover interest from abroad
- COFB BB : Cofinimmo Sells Partly Vacant Office for Residential Development
- DASNKE DC : Tax Fraudsters Used Danske Bank Account to Carry Out Scheme: JP
- DBK GY : Trump Appeals Deutsche Bank, Capital One Subpoena Ruling
- DBK GY : Deutsche Bank’s Top Investment Banker Ritchie May Depart: FT
- GS US : Goldman Sachs to Quicken Push Into U.S. Wealth Management: FT
- KTMI AV : KTM Hails ’Sensational’ First Quarter Motorcycle Sales in Europe
- MC FP : Reportedly LVMH has been subpoenaed by a federal grand jury in the probe of U.S. media buying practices - Ad Age
- MMB FP : M6 to Buy Lagardere TV Unit Excluding Mezzo for €215m
- MMT FP : M6 to Buy Lagardere TV Unit Excluding Mezzo for €215m
- NESN SW : Nestle to Decide on $10 Billion Skincare Cash in Second Half: SZ
- NOVN SW : FDA Approves Novartis’ Piqray Tablets for Breast Cancer
- NYR BB : Nyrstar Full Year Adjusted Ebitda EU99 Mln
- RI FP : Pernod Ricard wine unit suitor Carlyle appoints Bank of America Merrill Lynch- Afr.com
- PETS LN : speculation that PE firms may be looking at Pets at Home - Time
- RAL FP : Rallye Liquidity Pact With Rothschild Martin Maurel Terminated
- RX FP : Recylex: Bridge Financing Granted by Glencore Raised to EU21.3M
- RNO FP : Fiat Chrysler Proposes Plan to Merge With France’s Renault
- RNO FP : French Government Said to Study Jobs Impact of Fiat-Renault Deal
- RNO FP : Renault Says Will Evaluate Fiat Chrysler Merger Proposal
- RNO FP : Saikawa Declines Comment on Fiat, Renault Tie-Up Report: Nikkei --> 7201 +0.41% in Tokyo
- SANN SW : Santhera Submits Marketing Application to EMA for Puldysa
- SGKN SW : St. Galler KB Raises CHF176.5m in Capital Hike at CHF420/Share
- SRS IM : Saras may consider selling stake to industrial partner
- SLB US : Schlumberger Suffers Credit Hit as Oil Clients Stick to Cuts
- SPI AV : S Immo First Quarter FFO I EU10.8 Mln
- STB NO : Storebrand May See Tax Cost of NOK1.3B From TNTA Decision
- SVT LN : Qatar Investment Authority Takes Stake in Severn Trent: FT
- TIT IM : Telecom Italia moves closer to Persidera sale to F2i
- TSS US : *GLOBAL PAYMENTS NEARS DEAL TO BUY TOTAL SYSTEM SERVICES: CNBC
- TSLA US : The Tesla Stock Bubble Burst, Triggering Existential Questions
- TSLA US : SpaceX Raised Over $1 Billion in Funding This Year: Filings (1)
- TCG LN : Thomas Cook Seeks to Focus on Online Market, Website: Telegraph
- UBSG SW : Citi, JPMorgan, UBS Face Forex Cartel Class Action in Australia
- UN01 GY : Uniper Operations Chief, Chief Commercial Officer to Resign
- VOW3 GY : VW Will Audit Suppliers on Human Rights, CO2: Automobilwoche
- VOW3 GY : German Appeals Court Rules in Favor of VW Diesel Owners: Reuters