Asian stocks traded mixed Thursday as traders remained skeptical about the Trump administration’s announcement of less harsh measures on Chinese investments. Treasury yields steadied and emerging market currencies declined.
Stocks slipped in Japan and South Korea, and rose in Hong Kong, while U.S. futures pointed to gains. Chinese shares reversed earlier losses to edge higher though anxiety remains around the nation’s assets after equities lost almost $2 trillion in five months, and the yuan stayed under pressure. The dollar was little changed while the MSCI Emerging Market Currency Index fell for a fourth session, heading for its worse quarter since the three months through September 2015.
Earlier, the S&P 500 Index reversed gains to close lower after White House economic adviser Larry Kudlow said the decision not to adopt a more stringent approach on trade did not represent a softer stance on China.
US After Hours PRGS +3%, PIR -15%, PFIE -9%, BBBY -6%, CMG -4% following earnings/guidance, MSG +9% on spin-off exploration news
Nikkei +0.03% Hang Seng +0.07% CSI -0.49% Shanghai -0.36% Shenzen -0.33%
Eur$ 1.1552 CNH 6.6208 CNY 6.6169 JPY 110.27 GBP 1.3081 CHF 0.9980 RUB 63.1667 WTI$ 72.41 -0.48%
S&P +0.13% EuroStoxx -0.41% Dax -0.35% FTSE -0.19% SMI -0.41%
Macro :
- Senate Should Take Up Supreme Court Pick After Midterms: Schumer
- Lyft Doubles Valuation From 2017 to $15.1b in New Funding: WSJ
Keep an eye on :
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- AIR FP : Boeing Awarded $1.5b Pact For Planes In Support of Kuwait
- ATC NA : SFR, Orange Sign Deal for Fiber Rollout in Medium-Density Areas
- AMZN US : Amazon Issues Call for Startups to Deliver Its Packages
- AAL LN : Bahrain Steel Says Anglo Suspended Contract After Spills:Reuters
- AAPL US : Apple Is Said to Eye TV, Music Streaming Bundle: The Information
- AAPL US : Apple Is Said to Get Second Supplier for OLED iPhone Screens
- ARGX BB : Argenx Gets $10m From AbbVie in ARGX-115 Development Pact
- BAS GY : BASF Reaches Pact With Canada Competition Bureau, to Sell Assets
- CRI FP : Chargeurs Fashion Buys Precision Custom’s Interlinings Business
- COFA FP : Coface Sells 36% Stake in Cofacrédit To Factofrance
- DPW GY : Amazon Issues Call for Startups to Deliver Its Packages
- DTE GY : FCC Names Justice Department Lawyer to Lead T-Mobile Deal Review
- EDPR PL : EDP Renovaveis Shareholders Name Gomez-Acebo as Board Member
- ENI IM : ExxonMobil, ENI Say Marketing Underway for Mozambique LNG
- ENX FP : Euronext Says Somers Resigns as Dublin CEO; Byrne Named to Post
- FDR SM : Fluidra, Zodiac Merger Compatible With Interior EU Market
- GSC1 GY : Gesco Sees ’18/’19 Organic Sales Up Slightly, Profit Up Strongly
- GSBD US : Goldman Sachs BDC to Offer $32.5m of 4.50% Conv Notes Due 2022
- LECN SW : Exide, Leclanche Launch Lithium-Ion Batteries Joint Venture
- LOGN SW : Logitech Board Raises Dividend by ~10%, Nominates Lao
- OPHR LN : Ophir Energy Struggling And ‘Ripe for a Takeover’, GMP Says
- ORA FP : SFR, Orange Sign Deal for Fiber Rollout in Medium-Density Areas
- PRU LN : Prudential Said to File for Potential $700 Million Malaysia IPO
- PRY IM : Prysmian Board Approves Final Terms of Cap Increase
- REP SM : Spain’s Repsol Agrees to Buy Viesgo Businesses for EU750M
- RHI LN : RHI Magnesita Says No Pact on Kumas, No Certainty One Will Occur
- ALROC FP : Roctool in EU3.6 Mln Capital Increase to Fund Expansion
- SAF FP : Fluidra, Zodiac Merger Compatible With Interior EU Market
- SGO FP : Saint-Gobain Drop Overdone, Stable Cycle Ahead: Morgan Stanley
- SAN FP : Sanofi, Advent Finalize Talks for Purchase of Zentiva
- SHP LN : Takeda Shareholders Reject Proposal Opposed to Shire Deal: Kyodo --> 4502 JT +1.67%
- SW FP : Sodexo Enlarges Executive Committee
- SWEDA SS : Swedbank to Hire 500 Digital Specialists Before End-2018: DI
- TSLA US : Panasonic Flags Battery Shortage as Model 3 Output Picks Up:Rtrs
- TKA GY : Thyssenkrupp Unit Sees $220 Million Hit Without Steel Safeguard
- UBI FP : Ubisoft Holders Voted to Allow Free Shrs Programs for Employees
- VWS DC : Maersk Supply Service, Vestas Form Partnership, Borsen Says
- ZAG AV : Zumtobel Full Year Revenue Meets Estimates