Asian stocks declined with the steepest losses in China as trade worries came back to the fore. Japan’s 10-year bonds swung as the central bank stepped in to temper yield gains following its policy tweaks earlier this week.
China and Hong Kong equity indexes led losses across the region with declines of more than 3 percent, while emerging-market currencies fell with developing nation stocks. Ten-year JGB yields touched 0.145 percent, the highest since February 2017, before paring gains as the Bank of Japan made an unscheduled offer to buy bonds. Treasury yields fell after reaching 3 percent this week for the first time since June as the Federal Reserve unanimously decided to leave rates unchanged while making it clear borrowing costs are headed higher. The offshore yuan edged lower.
US After Hours : DXCM +20%, TSLA / FTNT +9% are higher, while RRD -14%, TRIP -12%, FEYE -4% are lower following earnings/guidance
Nikkei -1.08% Hang Seng -2.33% CSI -2.96% Shanghai -2.78% Shenzen -3.41%
Eur$ 1.1642 CNH 6.8325 CNY 6.8142 JPY 111.58 GBP 1.3096 CHF 0.9931 RUB 63.0235 WTI$
S&P -0.24% EuroStoxx -0.40% FTSE -0.23% DAX -0.65% SMI -0.76%
Macro :
- Switzerland July Consumer Confidence -7 vs Est. +2
Keep an eye on :
- AKA FP : Akka’s Targets Achievable, PT Set at Street-High: Berenberg
- ARGX BB : Argenx First Half Operating Loss Narrower Than Estimates
- ASC IM : F2i Says It Made Offer to Invest in Ascopiave, Asco Holding
- ATC NA : Altice Europe 2Q Adj. Ebitda EU1.32B; Est. EU1.3B
- ATC NA : Altice Raises Stake in Siresp Telecom System to 52.1% (1)
- AMG NA : AMG Advanced 2Q Ebitda Rises 59% to $50.7m, Raises Dividend
- AMUN FP : Amundi Adj. Net Income Rises 12% in 2Q, Gets Inflows of EU2.6bln
- ANDR AV : Andritz Second Quarter Net Income 3.3% Above Estimates
- ACA FP : Credit Agricole Gets 13.8 Mln New Shares From Capital Increase
- CS FP : Axa Earnings Per Shares Rose 6%, Towards Top End of Target Range
- BFIT NA : Basic-Fit First Half Adjusted Ebitda 2.4% Below Estimates
- BMW GY : BMW Second Quarter Ebit 2.6% Above Estimates
- CGG FP : CGG 2Q Operating Profit $40M; Outlook Reiterated
- CSGN SW : Credit Suisse Chooses Frankfurt as Post-Brexit Hub: FT
- DAI GY : Mercedes-Benz USA July Vehicle Sales Fall 23% to 20,034 Units
- DLG GY : Dialog Semi Sees Third Quarter Revenue $365 Mln To $395 Mln
- EDF FP : EDF Renewables, PGGM Sign Pacts on U.S. Wind and Solar Projects
- ELG GY : Elmos Semi Second Quarter Revenue EU69.1 Mln
- FB FP : WhatsApp to Charge Companies Sending Messages to Customers
- GAM SW : GAM Suspends Redemptions in Unconstrained/Absolute Return Fund
- GRF SM : Grifols Completes Purchase of Biotest for $286 Million
- H5E GY : HELMA Eigenheimbau Rated New Buy at Berenberg; PT 46 Euros
- BOSS GY : Hugo Boss Second Quarter Adjusted Ebitda Misses Lowest Estimate
- ILD FP : Iliad Says It’s Still Gaining Free Mobile 4G Subscribers
- INGA NA : ING Second Quarter Underlying Pretax Profit Beats Estimates
- INTER NA : Intertrust Second Quarter Underlying Revenue +5.4%
- KARN SW : Kardex First Half EBIT EU23.6 Mln
- LXS GY : Lanxess Revises Full Year Adjusted Ebitda Forecast
- OMV AV : OMV Second Quarter Clean CCS Operating Result Misses Estimates
- PFV GY : Pfeiffer Vacuum Second Quarter Ebit EU20.3 Mln
- PIRC IM : Pirelli to Buy 49% of China Production Plant for EU65m
- PST IM : Poste Italiane First Half Revenue Meets Estimates
- RHM GY : Rheinmetall Sees FY Organic Revenue About +8%, Saw +8% To +9%
- RHK GY : Rhoen Klinikum First Half Ebitda EU51.1 Mln
- RYA LN : Ryanair Says German, Dutch Pilots Likely to Join Aug. 10 Strike
- SIE GY : Siemens Unveils New Structure to Navigate Tech Disruption
- GLE FP : SocGen 2Q Net Income Rises; Trading Revenue Tops Estimates
- GLE FP : OTP Bank To Buy Societe Generale’s Albanian, Bulgarian Units
- SONOS IPO : Sonos IPO Prices at $15/Shr, Below Range of $17-$19/Shr
- TEN IM : Tenaris Second Quarter EPS Misses Estimates
- TGS NO : TGS Second Quarter Ebit Beats Estimates
- UBI IM : UBI Concluded Transfer of Bad Loans Gross Book Value EU2.75B
- VACN SW : VAT First Half Ebitda CHF122.1 Mln