Asian equities slid Wednesday as concerns about the repercussions of Italy’s political turmoil and the renewal of trade tensions between the U.S. and China gripped financial markets. The yen edged higher, while Treasury yields recovered after plunging Tuesday. Financial shares led the MSCI Asia Pacific Index lower as the Italian impasse reminded investors of the European debt crisis and its knock-on effects across global banking. The regional gauge is heading for its lowest close since February as shares tumbled from Tokyo to Sydney. Ten-year Treasuries consolidated after yields sank the most since the U.K. voted to exit the European Union in 2016. The dollar steadied and the euro traded around its lowest since July 2017. Gauges of volatility soared.
US After Hours : CRM +4.2% following earnings/guidance, DKS / KORS indicated higher ahead of tomorrow's earnings releases
Nikkei -1.57% Hang Seng -1.64% CSI -1.17% Shanghai -1.40% Shenzen -1.33%
Eur$ 1.1557 CNH 6.4235 CNY 6.4254 JPY 108.67 GBP 1.3260 CHF 0.9932 RUB 62.8506 WTI$ 66.51 -0.33%
S&P +0.08% EuroStoxx -0.12% FTSE -0.28% DAX -0.17% SMI -0.25%
Macro :
- Italy May Be Headed for July Vote as Cottarelli Stumbles
- Draghi Will Need a Much Bigger Bazooka This Time: Markets Live
- Italy Bond Rout Driven by Liquidity Vacuum as Buyers Vanish
- Trump Ratchets Up Pressure on China With Swerve on Tariff Plans
Keep an eye on :
- AALB NA : Aalberts Buys French Metal-Treatment Co. PEM; No Price Given
- AENA SM : Aena Sees International Expansion With Private Partners
- ANF FP : ANF Immobilier, Icade Get Exemption from France’s AMF on Merger
- MT NA : ArcelorMittal EVP Robrecht Himpe to Retire
- ASWN SW : Asmallworld Launches Shr Placement of up to 813,715 New Shrs
- BAS GY : EU Approves BASF as Suitable Purchaser of Bayer Divestments
- BG US : Bunge Investors Boost Votes Against Board Compared With Year Ago
- BWO NO : BW Offshore First Quarter Ebitda 1.7% Below Estimates
- CA FP : Carrefour to Shift Some Hypermarket Space to Other Uses: Figaro
- CATB SS : Catella Is Said to Ready Sale of Luxembourg Banking, Card Assets
- AM FP : Dassault Succession Doesn’t Change Operations, Executive Says
- DERR LN : Martin Sorrell Is Said to Take Over Derriston Capital: Sky
- DIE BB : D'Ieteren First Quarter Revenue +3.5%
- DIS US : Murdoch Says Fox Is 100% Focused on Getting Disney Deal Done
- DNLM LN : Dunelm Chairman Andy Harrison Buys 92,452 Shares
- FRU GY : Ferratum First Quarter Ebit EU10.2 Mln
- GLEN LN : Vitol, Glencore Interested for Hellenic Petroleum, Euro2day Says
- INDUA SS : Industrivarden CEO Martin Hamner to Leave Position on Aug. 1
- KINVB SS : Kinnevik Leads $16m Investment in Card Company Pleo
- KSC GY : KPS Adjusts Earnings Forecast for 2017/2018
- NG/ LN : EPA in $100m Pact With National Grid on Gowanus Site Cleanup
- NIBEB SS : Nibe CEO Sees Many Interesting Acquisition Opportunities: DI
- NDA SS : Nordea, Invesdor to Offer Range of Fundraising Options to Cos.
- NOVN SW : Novartis’s Promacta Gets FDA Priority Review
- NOVOB DC : Novo Nordisk: Oral Semaglutide Trial Achieved Primary Objective
- OPUS SS : Opus Buys Two Companies in Argentina
- SBRE LN : Sabre Insurance Group Holder to Offer Shares
- SF3 GY : IPO of STS Group Offer Price/Shr at EU24
- SGRE SM : Siemens Gamesa May Pay Dividend Next Year, CEO Tells Economista
- STR AV : Strabag First Quarter Loss EU116.7 Mln
- VK FP ; Vallourec to Supply Framatome W/ Steam Generator Tubes
- VIV FP : Mediapro, BeIN Win France’s Ligue 1 2020-24 TV Rights: L’Equipe