Stocks in Asia declined and European futures signaled a lower open after the Federal Reserve said inflation is close to its target, without indicating any need to waver from its path of gradually tightening monetary policy. The dollar dropped. Hong Kong stocks underperformed just as Chinese smartphone maker Xiaomi Corp. filed for what’s expected to be the world’s biggest IPO since 2014. Chinese shares rebounded from earlier losses. Equities rose in Sydney, with recently battered Australian banks extending a recovery. Japan was closed for a holiday. FTSE 100 futures declined. The dollar retreated after hitting its highest since January, while the euro and pound gained.Fed officials may have signaled their willingness to allow inflation to exceed their 2 percent goal somewhat by adding a reference to the “symmetric” nature of their target. The Federal Open Markets Committee also noted a soft patch in growth in the first quarter, removing a reference in the March statement that the economic outlook had “strengthened in recent months.” They balanced that out by noting strong growth in business investment.
Nikkei -0.16% Hang Seng -1.02% CSI +0.89% Shanghai +0.77% Shenzen +0.91%
Eur$ 1.1988 CNH 6.3575 CNY 6.3608 JPY 109.59 GBP 1.3601 CHF 0.9969 RUB 63.6684 WTI|$ 67.89 -0.06%
S&P +0.05% EuroStoxx -0.37% FTSE 0.35% DAX -0.40% SMI -0.10%
Macro :
- French Fin Min: Ending Exit Tax to Boost France Attractiveness
Keep an eye on :
- ABI BB : AB InBev Drop to Multi-Year Low on Molson 1Q Overdone: Jefferies
- ADP FP : Aeroports De Paris First Quarter Sales +37.3%
- ADS GY : Adidas First Quarter Operating Profit Beats Highest Estimate
- AIR FP : Airbus, Bombardier Appoint New Head of C Series Program: Reuters
- ANDR AV : Andritz Expects to Make Up for Weak 1Q in Coming Months (1)
- NDA GY : Germany’s BaFin Reviewing Aurubis Share Movements: Boerse Online
- AR4 GY ; Aurelius First Quarter Revenue Declines to EU912.3 Million
- AKE FP : Arkema 1Q Adjusted Net EU195m; Confirms 2018 Targets
- BAMNB NA : BAM First Quarter Adjusted Pretax Profit EU19 Mln
- BAYN GY : Bayer Lowers 2018 Sales, Adj. Ebitda Forecasts
- BPOST BB : Bpost First Quarter Adjusted Ebitda Misses Estimates --> Bpost 1Q May Trigger Single-Digit Consensus EPS Cuts: Jefferies
- GBF GY : Bilfinger on Way to Release From DOJ Supervision by Yr End: BZ
- BRAV SS : Bravida First Quarter Net Sales Beat Highest Estimate
- DB1 GY : Deutsche Boerse May Cut About 300 Jobs, Handelsblatt Reports
- EDF FP : EDF’s Hunterston B7 U.K. Reactor to Stay Offline for More Checks
- EKT SM : Euskaltel First Quarter Revenue Meets Estimates
- RF FP : Eurazeo 1Q Economic Rev. EU1.42B
- FINGB SS : Fingerprint About to Reach Its 2018 Goal for New Business Areas
- FRE GY : Fresenius SE First Quarter Ebit Meets Estimates
- GEBN SW : Geberit First Quarter Revenue Beats Highest Estimate
- GLEN LN : Glencore 1Q Own-source Copper Production 345,400 Tons
- RMS FP : Hermes 1Q Sales at Constant FX Beat Estimates, Outlook Confirmed
- INTER NA : Intertrust: Bookbuild Abt 7.5M Shares for Blackstone Perpetual
- ING FP : Payments Stocks Drop After Amazon Said to Push Its Pay System
- IFX GY : Infineon Boosts Full Year Segment Result Margin Forecast
- KYG ID : Kerry Group First Quarter Revenue +0.1%
- SKB GY : Koenig & Bauer First Quarter Revenue Misses Lowest Estimate
- LRE LN : Lancashire First Quarter Gross Written Premiums $215.8 Mln
- LR FP : Legrand Confirms FY Targets; to Pursue Strategic Acquisitions
- LEO GY : Leoni First Quarter Sales Beat Highest Estimate
- LOGN SW : Logitech Fourth Quarter Sales Beat Highest Estimate
- LUPE SS : North Sea Brynhild Oil Field Restart Hampered by Host FPSO
- NEX FP : Nexans 1Q Rev. EU1.03B; Confirms Strategic Plan Targets
- OR FP : L’Oreal Acquires Korean Makeup and Fashion Brand Stylenanda
- ORA FP : Orange Is Said to Hire Credit Agricole’s de Leusse: Challenges
- ORP FP : Orpea 1Q Organic Growth 5.4%; Co. ‘Confidently’ Confirms Targets
- OSR GY : Osram 2Q Profit Misses Ests, Will Sell U.S. Service Business
- PFV GY ; Pfeiffer Vacuum First Quarter Sales EU170.4 Mln
- RATOB SS : Ratos First Quarter Loss Per Share SEK0.47
- GLE FP : SocGen Is Said Ready to Pay Up to $1 Billion to End U.S. Probes
- SOLB BB : Solvay First Quarter Adjusted Ebitda Meets Estimates
- SAZ GY : Stada First Quarter Ebitda EU118.6 Mln
- SCHA NO : Schibsted First Quarter Ebitda Misses Estimates
- SHL GY : Siemens Healthineers Second Quarter Revenue Meets Estimates
- SHP LN : Takeda May Get 3T Yen Loan From MUFG, SMFG, JPMorgan: Nikkei
- SUBC NO : Subsea 7 Withdraws Proposal to Buy McDermott After Deal With CBI
- SRCG SW : Sunrise First Quarter Ebitda CHF137 Mln
- HO FP : Thales 1Q Sales Up 4.1% to EU3.4b; New Orders Up 34% to EU3b
- UBSG SW : UBS Applies for 51% Ownership in China Brokerage Venture: Xinhua
- VIE FP : Veolia 1Q Current Net Income EU193Million; Confirms Targets
- VNA GY : Vonovia Makes Higher Bid for Victoria Park Than Starwood
- VNA GY : Vonovia Sees Full Year FFO I EU1.00 Bln To EU1.02 Bln
- XPO US : XPO Logistics Considers Up to $8b For Potential New Deals: FT