Stocks in Asia had a listless session Tuesday amid continuing concerns about stability in emerging markets and prospects for escalating U.S.-China trade tensions. The dollar and Treasury yields were steady.
Equity benchmarks swung between gains and losses with little direction after American exchanges were closed Monday for a holiday. Stocks in Japan and Australia headed lower, while they rose in Hong Kong and China in an afternoon turnaround. European futures tipped a muted session start. The yen fluctuated after the Bank of Japan increased purchases of shorter-term bonds in its regular operations Tuesday, compensating for a reduction in the number of days on which it plans to buy them.
Emerging markets maintained declines after sliding Monday, with Argentina slumping the most even as it took further steps to restore investor confidence. The Australian dollar reversed declines after the nation’s central bank painted an upbeat economic picture even as it left interest rates on hold. Earlier, the currency fell back toward its lowest since January 2017 after the current-account deficit widened more than expected.
Nikkei -0.05% Hang Seng +0.85% CSI +1.43% Shanghai +1.28% Shenzen +1.23%
Eur$ 1.1596 CNH 6.8370 CNY 6.8245 JPY 111.35 GBP 1.2851 CHF 0.9705 TRY 6.6144 RUb 68.0913 WTI$ 70.12 +0.46%
S&P +0.28% EurStoxx +0.21% FTSE +0.17% Dax +0.20%SMI +0.32%
Macro :
- Puma, Hikma Seen Joining Stoxx 600, Casino Seen Leaving: SG
- European Banking Stock Selloff Looks ‘Overdone’, Barclays Says
- Switch to Cyclicals Within Europe Capital Goods: Morgan Stanley
Keep an eye on :
-
- AST IM : Astaldi Downgraded to CCC- by S&P
- CMBN SW : Pascal Perritaz Appointed New Chief Financial Officer of Cembra
- DANSKE DC : Danske Says ‘Complex’ Laundering Probe Is Now Being Finalized
- EDP PL : Portugal Watchdog Accuses EDP of Abuse of Dominant Position
- GGTV IM : Giglio Group Names Carlo Frigato Chief Financial Officer
- GS US : Petershill Is Said to Take Minority Stake in Lmr Fund: Reuters
- HELN SW : Helvetia First Half Business Volume CHF5.83 Bln
- ILD FP :*ILIAD REVISES TARGET FOR EBITDA LESS CAPEX TO AROUND EU1B
- ILD FP : Iliad Cuts Profit Target as Subscriber Base Declines
- ILD FP : Iliad Won’t Be the One Triggering Consolidation in France: CEO
- ING NA : ING Settles With Dutch Prosecutor, Will Pay EU675m Fine
- MCHN SW : Baselworld Operator MCH Sees FY Loss Exceeding CHF100m (1)
- KWS GY : KWS Plans Change in Legal Form and Stock Split With Ratio 1:5
- UG FP : PSA Is Said to Build Next Peugeot 208 Model in Trnava: Tribune
- RDW LN : Redrow Full Year Revenue Beats Highest Estimate
- SANN SW : Santhera First Half Loss CHF27.4 Mln
- GLE FP : SocGen in Talks W/ U.S Authorities to Resolve Sanctions Probe
- UCG IM : UniCredit Is Focused on Organic Growth, CEO Mustier Says
- WPP LN : WPP Quarterly Revenue Growth Smooths Path for New CEO Read
- ZAG AV : Zumtobel Targets 6% Ebit Margin by 2021 Fiscal Year