Asian stocks tumbled and U.S. futures dropped after President Donald Trump announced a new round of tariff hikes on Chinese imports. The yen extended gains after the biggest jump in more than two years.
Japanese benchmarks fell about 2.5%. South Korean shares hit their lows of the day after Japan took its own trade-restriction move, directed at Korea. Chinese and Hong Kong stocks also slumped, though Australian equities saw a more modest retreat. Ten-year U.S. yields fell further after diving on Thursday, when the S&P 500 Index posted its biggest two-day drop since May. China’s onshore yuan hit the weakest since November.
US After Hours APHA +30%, PINS +12%, FTNT +10%, X +4% are higher, while NTAP -17%, ACOR -11%, FLR -10.5% are lower following earnings/guidance
NKY -2.33% Hang Seng -2.11% CSI -1.76% Shanghai -1.65% Shenzen -1.96%
Eur$ 1.10873 CNH 6.9624 CNY 6.9375 JPY 107.11 GBP 1.2107 CHF 0.98888 RUB 64.70 TRY 5.6045 WTI$ 54.94 +1.84% ( -8% Yesy)
S&P -0.17% EuroStoxx -2.01% FTSE -1.03% Dax -1.81% SMI -1.09%
Macro :
- Trump Escalates Tariff War, Leaving China Looking for Response
Keep an eye on :
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- ATS AV : AT&S Raises Medium-Term Sales Guidance, 1Q Ebitda Down 33% (1)
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- BRNL NA : Brunel 2Q Rev. EU258.1M; Sees FY Rev. EU1.03b-1.08b
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- DTE GY : *DEUTSCHE TELEKOM IS SAID TO CUT IT SERVICE UNIT: HB
- ENEL IM : Enel 1H Adjusted Net Rises to EU2.28b, Guidance Confirmed
- IAG LN : *IAG 2Q ADJ. OPER PROFIT EU960M, EST. EU881.8M
- IFX GY : Infineon Chip-Cycle Bottom Forming; Slow, Steady Recovery: React
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- LXS GY : Lanxess Second Quarter Adjusted Ebitda 1.8% Above Estimates
- MS IM : Mediaset May Not Get Majority in EU Broadcast Tie-up: Stampa
- MOBN SW : Mobimo Sees Target Rental Income Up by Over 10% (1)
- KN FP : Natixis 2Q Net EU346m; Est. EU334m
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- PSH NA : Pershing Square Holdings July Net Performance +2.9%
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- SMHN GY : Suess MicroTec Prelim Second Quarter Ebit Loss EU2.9 Mln
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- TIT IM : Telecom Italia Second Quarter Revenue 1.1% Below Estimates
- UNI IM : Unipol First Half Net EU740 Mln, +15% Y/y
- US IM : UnipolSai First Half Net Income EU364 Mln, -41% Y/y
- VCT FP : Vicat First Half Ebitda EU228 Mln
- VNA GY : Vonovia 1H FFO Rises; Still Sees 2019 FFO EU1.17-1.22b