Stocks in Asia fell with U.S. futures and oil reversed gains as evidence of slowing Chinese growth compounded investor fears about the world economy as they reel from the worst year for global equities since the financial crisis. The yen touched a six-month high.
Declines spread from Hong Kong to Sydney after a closely watched Chinese manufacturing gauge showed factory conditions slumping in December amid the trade war with the U.S. Equity markets in America and Europe also look set to start the first trading day of the year in the red. S&P 500 Index futures reversed an advance that had been spurred by signs President Donald Trump may be willing to make a deal to end a government shut down.
Risk aversion had shown signs of returning after the S&P 500 ended the worst year for U.S. stocks since 2008 with a narrow gain in thin pre-holiday trading Monday on optimism about a deal on trade between the U.S. and China.
Nikkei Closed Hang Seng -2.91% CSI -1.37% Shanghai -1.15% Shenzen -0.91%
Eur$ 1.1481 CNH 6.8649 CNY 6.8551 JPY 109.31 GBP 1.2753 CHF 0.98512 RUB 69.5339 TRY 5.2996 WTI$ 44.93-1.045
S&P -0.96% EuroStoxx -0.71% Dax -0.61% FTSE -0.74% SMI closed
Macro :
- Einhorn’s Greenlight Extends Decline to 34% in Worst Year
- Italy’s President Chastises Populists for Marathon Budget
Keep an eye on :
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- CEY LN : Centamin Says Josef El-Raghy Will Remain as Non-Exec Chair
- CRES IM : Coima Sounds Out Banks to Refinance Loan for up to EU1b: MF
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- DBK GY : German Union Ver.di Threatens Strike by Money Drivers: Reuters
- DTE GY : Deutsche Telekom Sues Germany Over 5G Tender Conditions: Welt
- DSV DC : DSV Plans Expansion of HQ Outside Copenhagen
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- FPM LN : Faroe Petroleum Says Asset Valuation Shows DNO Offer Inadequate
- HMSO LN : Hammerson Says Buyback Will Be Paused Prior to FY Results
- INS GY : Moore Capital Discloses 3% Stake in Instone Real Estate: Filing
- KARO SS : Karo Intressenter Raises Price in Cash Offer for Karo Pharma
- OPHR LN : Ophir Confirms in Talks With Medco on Possible Cash Offer
- PTEC LN : Playtech Reaches Agreement With Israeli Tax Authorities
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- SRP LN : Serco Set for Inflection Year, EPS Estimates Raised: Jefferies
- SLIGR NA : Sligro Full Year Sales Meet Estimates
- TES FP : Tessi Booked EU85.5m for Sale of CPoR Devises Stake to Loomis
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