U.S. equity-index futures and suppliers to Apple Inc. tumbled after the iPhone maker added to global growth concerns with a cut in its sales outlook. Stocks in Asia were mixed, while there were wild moves in the currency markets as the yen surged.
Apple suppliers in South Korea and Taiwan paced declines after the company cut its first-quarter guidance for the first time in almost two decades, citing an unforeseen slowdown in China and fewer upgrades to iPhone models. Contracts on the Nasdaq led the drop for U.S. futures while European equities were also set to open lower. Japan’s currency jumped and the Australian dollar slumped to the lowest in almost 10 years as algorithmic programs amplified sharp gyrations amid thin liquidity during a Japanese holiday. West Texas oil again slipped under $46 a barrel as it reversed a rally on the back of Saudi Arabia trimming exports. Gold gained.
Macro :
- Google Shifted EU19.9b to Bermuda Through Netherlands in ’17: FD
- Pound Declines as Fears of Disorderly Brexit Trigger Stockpiling
- Equity Valuations Should Turn a Corner With Easier Fed Policy
- ‘ETFs as Asset Class’ Is Among the Top 2019 Trends in Markets
Keep an eye on :
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- ASCL LN : Ascential Undervalued After Asset-Quality Improvement: Berenberg
- CRG IM : Consob Says Carige Shares, Bonds Suspended From Trading
- COST LN : Costain Sees FY Results in Line as Year-End Order Book Rises
- PBB GY : Dt. Pfandbriefbank May Face Margin Pressure as Metzler Cuts PT
- DNO NO : DNO Extends Cash Offer for Faroe Petroleum for Further 14 Days
- ENGI FP : Belgian Nuclear Reactor Utilization Was 50.5% in 2018: Le Soir
- FPM LN : DNO Expresses Concerns Over Faroe’s Report on Exploration Wells
- G IM : Generali Searches Acquisition Targets in Germany: Handelsblatt
- GNFT FP : Genfit, LabCorp Sign Pact for Nash Liver Disease Diagnostic Test
- GLJ GY : Grenke Full Year Leasing New Business Volume EU2.41 Bln
- HSX LN : FBI Probes Hacking of 9/11-Related Documents From Insurers: FT
- DIE BB : Belgian Dec. Car Registrations Drop 17%; D’Ieteren Share 19.1%
- NXT LN : *NEXT CUTS FY19 PRETAX GUIDANCE TO GBP723M FROM GBP727M
- EKT SM : Euskaltel Resumes Liquidity Contract With Norbolsa: Filing
- NXT LN : Next’s Christmas Performance ‘Reasonably Robust,’ MS Says
- NXT LN : Next Trims FY19 Pretax Profit Guidance to GBP723M From GBP727M
- RYA LN : Ryanair Traffic Up 12% to 10.3m Customers in December
- RYA LN : Ryanair to Meet With Spanish Unions Ahead of Planned Strikes
- TAP LN : Taptica Enters Prelim. Talks With Potential Acquisition Target
- UBSG SW : UBS’s Weber Says It’s Too Early to Merge With Another Bank: T-A
- VEC LN : Vectura Group Sees 2018 Ebitda ‘Materially Above’ Consensus
- DG FP : Vinci: Share Purchase Agreement for up to EU200M of Vinci Shares
- WIN GY : SecurCash Declared Bankrupt by The Hague District Court