Asian stocks struggled for a clear direction on Wednesday as investors awaited the conclusion of the Federal Reserve’s policy meeting. Treasuries held overnight gains and the dollar steadied.
Shares slipped in Japan, where Fitch Ratings lowered its outlook on the country’s debt and earnings at Canon Inc. disappointed. Stocks saw modest gains in Hong Kong and South Korea, and outperformed in China on low volumes. S&P 500 futures fluctuated after the benchmark closed lower, with worse-than-estimated results from the likes of McDonald’s Corp. and 3M Co.weighing on shares. Gold slipped toward $1,950 an ounce.
US After Hours FEYE +12.1%, AMD +10%, SBUX +5.7% up big on earnings; STX -7.8%, EBAY -3.1%, V -2.2% lower on earnings
Nikkei -0.99% Hang Seng +0.12% CSI +1.39% Shanghai +1.05% Shenzen +1.64%
Eur$ 1.1731 CNH 7.0029 CNY 7.0028 JPY 105.09 GBP 1.2921 CHF 0.9174 RUB 72.5166 WTI$41.04 0.00%
S&P -0.20% Nasdaq -0.10% EuroStoxx -0.52% FTSE -0.48% Dax -0.57% SMI -0.41%
Macro :
- Fed Extends Emergency Loan Programs. Aid Talks Stall: Daybreak
- BIDEN SAYS PROFESSIONAL SPORTS 'PROBABLY' WON'T BE POSSIBLE
- GM, Ford May Top Estimates After One of the Toughest Periods Yet
Keep an eye on :
- AENA SM : Aena First Half Loss EU170.7 Mln Vs. Profit EU559 Mln Y/y
- AIR FP : Airbus Is Among Investors in Private Equity Aeronautics Fund
- AIR FP : Spain Prime Minister, Airbus CEO to Meet July 30: Confidencial
- ATC NA : Altice USA to Sell Lightpath Stake to Morgan Stanley for $2.3b
- ATE FP : Alten 1H Rev. Falls 4%; Sees FY Organic Sales Falling About 12%
- AMG NA : AMG Second Quarter Revenue $207.6 Mln
- APAM NA : Aperam Second Quarter Ebitda Beats Estimates
- AMS SW : AMS Second Quarter Adjusted Ebit Beats Estimates
- ASM NA : ASMI Third Quarter Revenue Forecast Beats Estimates
- SAN SM : Santander Posts 2Q EU11.1 Bln Loss, 12.6 Bln Impairment (1)
- BAS GY : BASF Second Quarter Adjusted Ebit EU226 Mln, -77% Y/y
- BCP PL : BCP First Half Net Income EU76 Mln, -55% Y/y (1)
- BGBIO NO : BerGenBio to Set Up New Covid Study After Accord Funds Pulled
- BESI NA : BE Semiconductor to Offer EU150m 2027 Convertible Bond: Terms
- BB FP : BIC Second Quarter Comparable Sales Growth -21.5%
- EN FP : Bouygues: AGM to Vote on EU1.70 Div on Sept 4 for 2019
- BVI FP : Bureau Veritas First Half Revenue 3.8% Above Estimates
- CAP FP : Capgemini Reports 1st-Half Estimated Revenue of EU7.58b
- CA FP : Carrefour’s 1H Results Are ‘Well Above’ Consensus, Barclays Says
- CGG FP : CGG Second Quarter Segment Ebitdas Misses Lowest Estimate
- CSGN SW : Credit Suisse Set to Merge Investment Bank and Trading in Revamp
- CSGN SW : Credit Suisse CEO Ready to Make Mark, Address Weaker Fees: React
- DBK GY : Deutsche Bank Turnaround Gets Another Boost From Trading Rally
- DTE GY : T-Mobile’s Demand Shows Thirst for Rights Offerings: ECM Watch
- DIC GY : DIC Asset First Half FFO EU50.6 Mln, +18% Y/y
- DWS GY : DWS Second Quarter Net Inflows Beats Estimates
- ELI BB : Elia Group First Half Adjusted EPS EU1.75 Vs. EU1.87 Y/y
- ENC SM : Ence Second Quarter Loss EU13 Mln
- RF FP : Eurazeo SE First Half Net Asset Value Per Share EU70.70
- EUCAR FP : Europcar 1H Revenue Down 38% Y/y; Holds Cautious View on 3Q
- FUR NA : Fugro First Half Adjusted Ebitda Beats Estimates
- GAM SW : *BANTLEON VOTING RIGHTS IN GAM RISE TO 10.08% FROM 5.23%: SIX
- IMA IM : BC Partners Strikes Deal to Take Italy’s IMA Industria Private
- IFCN SW : Inficon Second Quarter Net Income $12.9 Mln, +9.3% Y/y
- ISP IM : Intesa’s Set to Gain Control of UBI After 72% of Shares Tendered
- JUP LN : Jupiter Cuts More Than Half of Merian Staff After Acquisition
- KER FP : Kering 1H Ebit Ahead of Expectations, Bernstein Says
- KER FP : Gucci Owner Sees Online Leading Recovery After Sales Plunge
- SKB GY : Koenig & Bauer 1H Ebit Loss EU40.9 Mln Vs. Profit EU0.6 Mln Y/y
- LEHN SW : Lem First Quarter Ebit CHF13.3 Mln, -20% Y/y
- LUNE SS : Lundin Energy Second Quarter Ebitda $335.1 Mln, -19% Y/y
- MMT FP : M6 First Half Revenue -22%
- MDM FP : Maisons Du Monde First Half Ebitda EU68.8 Mln, -29% Y/y
- MELE BB : Melexis Second Quarter EPS Beats Highest Estimate
- NEOEN FP : Neoen Sees Full Year Ebitda Margin Above 80%
- NESN SW : Nestle Purina to Spend $167m Expanding Plant in Pennsylvania
- NETWLN : Network International to Buy DPO for $288m, Place 50m New Shares
- NEX FP : Nexans Sees Full Year Ebitda EU310 Mln to EU370 Mln
- NXI FP : Nexity First Half Revenue EU1.72 Bln, -6.7% Y/y
- OMV AV : OMV 2Q Net Income Slumps to EU24m on Lower Oil Price, Demand
- OSR GY : Osram 3Q Profit Sinks Less than Expected on Cost Savings
- REE SM : Red Electrica Second Quarter Revenue 2.1% Below Estimates
- RNO FP : Nissan -10.2% In Tokyo
- ROG SW : Roche Says Phase III Covacta Study Did Not Meet Primary Endpoint
- SPM IM : Saipem Second Quarter Revenue Misses Lowest Estimate
- SFER IM : Ferragamo Sees July Improvement, Led by China, Japan, Korea
- SAN FP : *SANOFI RAISES 2020 GUIDANCE, NOW SEES 6%-7% EPS GROWTH
- SAN FP : Sanofi, Glaxo to Supply U.K. Up to 60m Covid-19 Vaccine Doses
- SU FP : *SCHNEIDER RE-ESTABLISHES 2020 TARGETS, RESUMES SHARE BUYBACKS
- SOI FP : SOITEC Holder CEA Investissement to Offer 1.07m Shrs
- SOLB BB : Solvay Second Quarter Adjusted Ebitda Beats Highest Estimate
- SOP FP : Sopra Steria First Half Revenue EU2.17 Bln, -1.8% Y/y
- SPIE FP : Spie First Half Ebita EU93.3 Mln, -40% Y/y
- STM FP : STMicroelectronics Prices $1.5b of 5Y, 7Y Convertibles Mid-Range
- O2D GY : Telefonica Deutschland 2Q Adj. Oibda EU552m, est. EU567m
- TSLA US : *TESLA RATING RAISED TO B+ FROM B- BY S&P; OUTLOOK STABLE
- TFI FP : TF1 Second Quarter Advertising Rev. EU244.4 Mln, -41% Y/y
- TLW LN : Tullow Sees Up to $1.7b of Writedowns as It Cuts Price Forecasts
- UCB BB : UCB, Roche Sign License Pact for Alzheimer’s Disease Treatment
- UCG IM : UniCredit to Reinstate Capital Distribution Policy From 2021
- VPK NA : Vopak Second Quarter Revenue Misses Lowest Estimate
- WDI GY : German Regulator Misinformed Bundestag on Wirecard, Spiegel Says
- WDI GY : Wirecard Scandal Is Now Part of the Post-Merkel Power Play
- WDI GY : German Watchdog Says Wirecard Testimony to Lawmakers Was Correct