Asian stocks dropped Friday along with U.S. and European futures, and the yen and Treasuries climbed, ahead of President Donald Trump’s planned press conference to announce fresh steps on China. The dollar retreated.
China’s offshore yuan continued to stabilize after matching a record low earlier this week, and Shanghai stocks were little changed. U.S. contracts and Japanese and Korean equities saw modest drops. Oil dipped. Deteriorating Sino-American ties, stoked by antagonism over the cause of the coronavirus and now China’s imposition of a national-security law on Hong Kong, have cast a cloud over a global stock rally spurred by reopening economies.
US After Hours ZS +18.2%, VMW +8.6%, DELL +7.5%, MRVL +5.8% up nicely on earnings; CRM -3.4%, OKTA -2%, COST -1.9% lower on earnings
Nikkei +0.06% Hang Seng -0.36% CSI +0.19% Shanghai +0.15% Shenzen +0.90%
Eur$ 1.1104 CNH 7.1658 CNY 7.1472 JPY 107.09 GBP 1.2350 CHF 0.9628 RUB 70.45 WTI$ 33.26 -1.23%
S&P -0.23% NAsdaq -0.20% EuroStoxx -0.97% FTSE -0.66% Dax -1.08% SMI -0.82%
Macro :
- Europe May Have to Hit U.S. With Tariffs to Settle Aircraft Row
- Merkel Cancels Meeting With Carmakers Amid Dispute Over Subsidy
- U.K. May Have Given Up on Brexit Deal, EU’s Trade Chief Says
- U.S. Stocks Expensive Any Way You Cut It, Says Oxford Economics
Keep an eye on :
- ADP FP : ADP Says Commercial Flights to Resume at Paris Orly on June 26
- AF FP : Air France-KLM Resumes Italy Flights as France Relaxes Lockdown
- ATRS AV : Atrium European Real Estate Proposes Scrip Dividend Program
- BALDB SS : Balder Says Two Executives Detained on Alleged Insider Crime
- BMW GY : Germany Postpones Decision on Cash-for-Clunkers Car Buying
- SKIN SW : Cassiopea Announces EU23.25m Capital Increase
- CTY1S FH : Citycon Cuts Payout to Boost Financial Stability
- CSGN SW : Big Banks Must Face Forex Manipulation Claims, U.S. Judge Rules
- DAI GY : Germany Postpones Decision on Cash-for-Clunkers Car Buying
- DBK GY : Deutsche Bank Outlook to Negative by Fitch
-EDPR PL : EDP Renovaveis Gets 20-Year Contract at Italian Wind Auction
- EL FP : Essilorluxottica: Successful EU3 Billion Bond Issuance
- CAP GY : Encavis Offering by Holder Prices 2.95m Shares
- ENX FP : Euronext to End U.K. Regulatory Activities by End-June
- FXPO LN : Ferrexpo Chairman Lucas Stands Down After Governance Headaches
- FLTR LN : Flutter Plans $1 Billion Placing as Fox Corp Boosts Investment
- GSC1 GY : Gesco First Quarter Net Income EU0.39 Mln, -90% Y/y
- GMAB DC : Genmab Reports Positive Topline Results in Andromeda Study
- LTG LN : Learning Tech to Offer 64.4m Shrs
- MEKO SS : Mekonomen First Quarter Ebit SEK59 Mln, -65% Y/y
- KN FP : Blackstone Dumps H2O as Adviser to $6 Billion Multistrategy Fund
- NEXT NO : Next Biometrics Offering Prices 25m Shares at NOK2/Share
- NMC LN : *NMC HEALTH PLC FILES FOR U.S. CHAPTER 15 BANKRUPTCY IN DELAWARE
- OBEL BB : Orange Belgium to Absorb Subsidiaries Walcom and Walcom Liège
- 1913 HK : Prada’s Bertelli Says China Sales Up More Than 10% --> +3.6%
- REIN LX : Reinet Investments Full Year Net Asset Value Per Share EU23.89
- RNO FP : Renault to Cut 14,600 Jobs Worldwide in Race to Slash Auto Costs
- RR/ LN : Rolls-Royce Cut to Junk by S&P
- SAF FP : Safran April Revenue Falls Around 50% as Virus Impact Worsens
- SAN FP : Sanofi Names New Heads for Consumer Healthcare, Sanofi Pasteur
- SAP GY : Salesforce Cuts Sales Guidance
- SEBA SS : SEB Proposes No Dividend for 2019; May Revisit Decision Later
- SEM PL : Semapa First Quarter Net Income EU17.2 Mln, -57% Y/y
- SHB LN : Capco Confirms Talks for Purchase of 26.3% Stake in Shaftesbury
- SHI LN : SIG Close to Securing Major Investment from CD&R: Sky News
- FP FP : Total Can Fund Payout, Investment at $35-$40/Bbl: Revenu
- UBSG SW : Big Banks Must Face Forex Manipulation Claims, U.S. Judge Rules
- UPS US : UPS Has 72 Workers Test Positive for Coronavirus at German Hub
- VOW3 GY : Germany Postpones Decision on Cash-for-Clunkers Car Buying
- VOW3 GY : VW Buys Stake in Chinese Battery Supplier to Aid E-Car Rollout
- WGF1 GY : Mark Kleinman: Exclusive: The owner of the Williams F1 team is said to be preparing to launch a strategic review that could lead