Stocks in Asia retreated Tuesday amid disappointing readings on China’s manufacturing and earnings at the world’s biggest phone maker. The dollar gained against major peers.
Hong Kong, South Korean and Australian stocks slipped in trading that was quieter than usual amid the closure of Japanese markets. Korean giant Samsung Electronics Co. posted profit that missed analysts’ recently reduced estimates. Shares rose in Shanghai. Futures on the S&P 500 declined after the index on Monday edged up to a new record. European futures signaled stocks will open lower. The Australian dollar, a proxy for bets on China’s economy, underperformed in the wake of declines in Chinese manufacturing PMI readings for April. Treasury yields fell in early London trading.
Macro :
- China PMI Drop Brings Reality Check to Risk Assets: Macro Squawk
- Swiss Investigating Oil Trader Gunvor for Foreign Bribery
- German May GfK Consumer Confidence +10.4; Est. +10.3
- Bpifrance Is Weighing New Fund to Counter Activists: Les Echos
Keep an eye on :
- ABI BB : AB InBev Drops One Case Against Heineken as Beer Battle Goes On
- AIR FP : Airbus Takes EU368m 1Q Hit From Net Adjustments
- AIXA GY : Aixtron 1Q Ebit Beats Highest Estimate, Confirms Guidance
- AMS SW : AMS Second Quarter Revenue Forecast Beats Estimates
- AZA IM : Italy’s Government Is Said to Extend Deadline for Alitalia Bids
- BAYN GY : Bayer Board Is Said to Plan Meeting After Investors Rebuke CEO
- BBVA SM : BBVA: 10% FX Decrease in Turkey Deducts 55 Bps From CET1
- BEI GY : Beiersdorf First Quarter Sales Beat Highest Estimate
- BP/ LN :BP First Quarter Adjusted Net Matches Estimates (1)
- CABK SM : CaixaBank First Quarter Net Income 3.3% Below Estimates
- CEC GY : Ceconomy Approves Reorganization & Efficiency Program
- CEVA SW : CEVA Logistics Elected New Chairman, CEO At Meeting
- CLAB SS : Cloetta’s CFO Has Bought Shares for SEK1.41m
- CWD LN : Countrywide Sees FY Earnings in Line With Expectations (1)
- CTT PL : CTT First Quarter Net Income EU3.7 Mln
- DANSKE DC : Danske Bank First Quarter Net Income Misses Lowest Estimate
- DDASA NO : Dolphin Drilling Gets Full Lenders Backing for Reorganization
- DSV DC : DSV 1Q Adjusted Operating Profit Beats Highest Est.
- GNFT FP : Genfit Cash Position EU314M End March
- GIL GY : DMG Mori AG Sees Full Year Free Cash Flow About EU150 Mln
- DSY FP : Medidata Solutions Pares Earlier Surge Ahead of Tuesday Results
- DB1 GY : Deutsche Boerse First Quarter Adjusted Basic EPS Beats Estimates
- ELM LN : Elementis Sees FY19 Results ‘Slightly’ Below Expectations
- EL FP : Essilor Luxottica: ISS Backs Proposal for Independent Directors
- ENGI FP : Engie’s Regulated Gas Prices to Drop 0.6% on May 1st: Parisien
- EPIA SS : Epiroc First Quarter Revenue Meets Estimates
- EURN BB : Euronav First Quarter EPS Misses Estimates
- EXM BB : Exmar Orders Two VLGCs With Jiangnan for Equinor LPG Contract
- FLOW NA : Flow Traders Fined EU0.1m For Not Reporting 2017 Transactions
- GOOGL US : Alphabet Revenue Misses Analysts’ Estimates; Shares Fall 6.5%
- GLEN LN : Glencore Lowers 2019 Production Forecasts for Copper to Oil
- GNK LN : Greene King Like-for-Likes Up 2.9% After Strong Easter
- HEIA NA : AB InBev Drops One Case Against Heineken as Beer Battle Goes On
- HIAG SW : Hiag CEO Martin Durchschlag to Step Down
- HOC LN : Hochschild:On Track to Meet ’19 Gold Equivalent Output Target(1)
- KLO GY : Kloeckner Posts 1Q Loss of EU10m on Negative Price Effects
- LOGN SW : Logitech CFO Departure Offsets Earnings Beat, UBS Says
- LHA GY : Lufthansa to Cut Eurowings Capacity Growth
- MATRA SS : Matra: Auditor Report Contains Uncertainty on Going Concern
- MTX GY : MTU Aero First Quarter Adjusted Ebit Beats Estimates
- NRC NO : NRC Finland Gets EUR 220M Pact for Light Rail Line Construction
- NOG LN : Nostrum Oil & Gas First Quarter Avg Production 32,646 Boe/D
- NHY NO : Norsk Hydro Says Overall Production Volumes in 1Q Fell (1)
- NYR BB : Nyrstar Gets Support From Creditor Groups for Recapitalisation
- OBEL BB : Orange Belgium to Buy Upsize Units BKM, CC@PS for EU52.4m
- ORA FP : Orange Says Mkt Environment Still Intense in France, Spain: CFO
- PARK LN : Park Group Sees FY Pretax ’Marginally’ Below Estimates
- REP SM : Repsol First Quarter Adjusted Net Beats Estimates
- RXL FP : Rexel 1Q Rev. EU3.32b, Est. EU3.26b
- RIB GY : RIB Software Full Year Revenue Forecast Beats Highest Estimate
- SAN FP : Sanofi CEO Could Be Replaced in Next Few Months, Figaro Reports
- SAA1V FH : Sanoma First Quarter Operating Ebit Beats Highest Estimate
- STJ LN : St James’s Place 1Q Net Inflows Fall to GBP2.18b; FUM Rise (1)
- SEBA SS : SEB PPOP Beat ‘Low Quality,’ Morgan Stanley Says After 1Q
- SKFB SS : SKF CFO Christian Johansson Leaves, Replaced By Niclas Rosenlew
- STAN LN : StanChart Beats and Buyback Earlier Than Expected, JPMorgan Says
- SXX LN : Sirius Minerals Plans GBP400m Share Placing: Sky, Sirius Minerals to Raise Funds Via Placing, Bonds, New Loan (1)
- SY1 GY : Symrise First Quarter Sales Beat Highest Estimate
- HO FP : Thales Missed on Orders and Revenues, Outlook Unchanged: Goldman
- TKA AV : Telekom Austria First Quarter Adjusted Ebitda EU395 Mln
- TEL NO : Telenor First Quarter Ebitda 1.4% Above Estimates
- TFI FP : TF1 Confirms FY Guidance; 1Q Oper. Profit +61% to EU62.9m
- TFI FP : TF1: EU-Wide Production M&A ‘Complicated’ Due to Local Tastes
- DG FP : Vinci Wins Canada Contract Worth EU1.7B For Ottawa LRT
- WEIR LN : Weir FY Constant Currency Rev, Profit Expectations Unchanged
- WTB LN : Whitbread Sees Weakening Demand Since FY20, RevPAR Down (1)
- ROSE SW : Zur Rose to Boost Capital If Swiss Corporate Tax Reform Passes