Stocks declined in Asia alongside Treasury yields as traders mulled new developments in President Donald Trump’s trade war.
A threat of tariffs on Mexico and a report of retaliation plans from China sent 10-year Treasury yields to fresh 20-month lows of 2.17%. Japanese shares retreated, while shares in Korea, Hong Kong and China fluctuated. Futures on the S&P 500 Index headed for their worst week since the global market rout in December. The Mexican peso tumbled 2.1%. The yen advanced and oil slid.
US After Hours WSM +11.5%, OKTA +8%, MRVL +3%, UBER +2.4%, ZUO -27%, NTNX -15%, GPS -12.1%, DELL / VMW -3% following earnings/guidance
Nikkei -1.63% Hang Seng -0.51% CSI -0.19% Shanghai -0.18% Shenzen +0.03%
Eur$ 1.1135 CNH 6.9311 CNY 6.9065 JPY 108.92 GBP 1.2607 CHF 1.0061 RUB 65.3005 TRY 5.8852 WTI$ 55.96 -1.11%
S&P -0.84% EuroStoxx -1.09% FTSE -0.59% Dax -1.13% SMI -0.31%
Macro :
- Watch These Mexico-Exposed European Stocks on Trump Tariff Plan
- Trump Tariff on Mexican Oil Would Slam U.S. Gulf Refiners
- JPMorgan Says This $720 Billion Area Is Only Getting Started (1)
Keep an Eye on :
- ALV GY : LV= Sells Remaining Stake in Unit to Allianz for Up to GBP365m
- MT NA : ArcelorMittal CFO Calls on EU to Solve China Steel Surplus
- BA/ LN : BAE Maritime Unit Director Wolstenholme Left Co.: FT (Earlier)
- CAPC LN : Capco Says Earls Court Interest Valuation Down 10.5% Since Dec.
- CSGN SW : Credit Suisse CEO ‘Very Skeptical’ of Cross-Border M&A: L’Agefi
- EFGN SW : EFG Plans Buyback of As Much as 8 Million Shares
- ENI IM : ENI Board Begins up to EU400 Million Buyback Program
- FCA IM : Fiat Chrysler Requests Meeting With Nissan, MMC CEOs: Nikkei
- FCA IM : Fiat CEO Sold Shares a Day After Merger Offer: Automotive News
- GEN DC : Genmab’s Daratumumab Combo Gets FDA Priority Review
- IDEX NO : Idex Biometrics Appoints Derek P. D’Antilio New CFO From July 8
- JD/ LN : JD Sports' chairman awarded £6m cash bonus over four years
- KDS NA : Kiadis Pharma Offering Prices 3.68m Shares at EU7.50/Share
- LAT FP : Latecoere Is Open To Merger Of Equals, CEO Tells Le Figaro
- LGEN LN : L&G to Sell General Insurance Ops to Allianz for GBP242m Base
- MB IM : Mediobanca Plans Investment Banking Changes in High-Margin Focus
- NOVBN SW : Novartis Meets Endpoints on Slow Pharma Day: EU Health Care Wrap
- SAN SM : Santander to Sell 50.01% of Global Seguros for EU82M: Expansion
- RNK LN : Rank In Advanced Talks on Possible 151p/Shr Stride Gaming Offer
- RNO FP : Nissan's Saikawa Shows Interest in Meeting FCA Chairman: Kyodo
- SPM IM : Saipem Says Brazil Authority Opens Probe on 2011 Petrobras Pact
- SHLTN SW : Mandatory Offer Price For SHL Telemedicine Cut to CHF 7.70/Share
- SNH GY : Steinhoff Says CVA Long-Stop Date Extended to June 30
- STOB LN : Stobart CEO Warwick Brady Buys 50,000 Shares at 125.9 Pence Each
- TLGO SM : Talgo to Supply 2 Trains to Uzbekiston Temir Yollari
- VOW3 GY : Global Carmakers Roiled Again as Trump Takes Aim at Mexico
- WIZZ LN : Wizz Air FY Net Beats Ests., Sees 2020 Net of EU320m-EU350m (1)