Asian stocks dropped as investors weighed continuing concerns in Indonesia and India and strength in commodity prices. The euro climbed on reports the Italian government trimmed its budget-deficit plans.
The regional Asia Pacific share index fell for a third day, with Japan leading declines. The rupiah and the rupee both remained under pressure on surging oil prices. The Australian dollar fell briefly as weak building data fanned concerns of a slowdown. Italian bonds may recover from four days of selling after the government signaled it’s bowing to pressure from the European Union to trim a budget-deficit target. Crude oil futures steadied in New York above $75 a barrel, near the highest level in almost four years.
US After Hours ELGX +28.5% following guidance, JCP +10% on CEO news
Nikkei -0.69% Hang Seng -0.34% CSI +1.04% Shanghai +1.06% Shenzen +0.83%
Eur$ 1.1585 CNH 6.8824 CNY 6.8688 JPY 113.77 GBP 1.3007 CHF 0.9844 TRY 5.9991 RUB 65.4627 WTI$ 75.29 +0.095
S&P +0.12%EuroStoxx +0.24% FTSE -0.03% Dax Closed SMI +0.31%
Macro :
--> DAX IS CLOSED TODAY
- Marijuana Executives See European Market Booming in a Few Years
- Italy to Bow to EU and Cut Deficit Targets, Corriere Says
- Pictet ‘Very Bullish’ on Japan, Also Favors EM Bonds and Stocks
Keep an eye on :
- ABI BB : AB InBev India Unit Accused of Avoiding Taxes Since 2011: Nikkei
- ADS GY : College-Hoops Bribe Plot Defrauded Top Schools, Jury Is Told
- ALV GY : Pimco to Buy Gurtin Municipal Bond Management, No Terms
- AST IM : Consob Extends Short-selling Ban on Astaldi
- EN FP : Arcep: 4 Operators Filed Application for Mobile Frequencies
- CO FP : Casino CEO Tells FT It’d Be Easy to Simplify Group Structure
- CSGN SW : Credit Suisse’s Thiam Says He Feels Nervousness Across Markets
- CTEC LN : Buy ConvaTec as Shares to Re-Rate After Setbacks, Jefferies Says
- CONN BB : Huub Baren’s IPTE Plans EU1.60/Shr Offer for Rest Connect Group
- DAI GY : Mercedes-Benz to Offer up to EU10,000 for Diesel Vehicle Swap
- DBK GY : *DEUTSCHE BANK ENDED USD CLEARING FOR DANSKE ESTONIA IN '15: FT
- DBK GY : Sewing Says Deutsche Bank Needs U.S. Unit to Be German Champion
- GWI1 GY : Gerry Weber CEO Ralf Weber to Resign; Managing Board Reorganizes
- ICPT US : NASH Players Underperform Biotech After Liver Meeting Updates
- ILD FP : Italy Is Said to Fetch About $7.5 Billion in 5G Airwaves Auction
- IMB LN : Imperial’s Fontem, Reynolds Settle Vaping-Patent Fights (1)
- IMMO BB : Immobel to Sell Up to EU100m 5-Year, 7-Year Notes in Retail Deal
- LIN GY : S. Korea Orders Linde-Praxair to Sell Assets for Deal: Yonhap
- MC FP : LVMH Watch Brands to Exit Baselworld If No Solutions Found: CNN
- MIPS SS : Bell Technology Retains ABG Sundal for Possible MIPS Share Sale
- NHH SM : Spain Regulator Authorizes MHG Offer for NH Hotel Shares
- NOVN SW : Novartis Licenses Three Drug Candidates to Boston Pharma
- NOVOB DC : Novo Considers Brain Disease Treatments With Partner: Berlingske
- ALNOX FP : Noxxon Says Nox-A12 Penetrates Pancreatic, Colorectal Tumors
- ORA FP : Arcep: 4 Operators Filed Application for Mobile Frequencies
- SNH GY : Mattress Firm Plans Bankruptcy Filing as Soon as This Week: Rtrs
- SPD LN : JD Sports Fashion, Sports Direct Bidding for Evans Cycles: Sky
- TESB BB : Tessenderlo Completes Purchase of T-Power for EU313m Incl. Debt
- TIT IM : Italy Is Said to Fetch About $7.5 Billion in 5G Airwaves Auction
- TIT IM : Telecom Italia Says It Invested EU2.4B in Italy’s 5G Auction
- VITR SS : Vitrolife Sees 10% Revenue Boost Next Year From Illumina Deal
- VOD LN : Watch the Bidders in Italy’s Record $7.6b 5G Airwaves Auction
- VOW3 GY : Stadler Gets Less Than EU10m Severance, But Only if Cleared: SZ
- WMH LN : Golden Entertainment Expands Agreement With William Hill
- ZKAN SW : Zuercher Kantonalbank to Close 7 Branches Until Mid-2020