Asian stocks declined, with the region’s shares falling to the lowest in nine months, ahead of the planned implementation this week of trade restrictions between the U.S. and China. The yuan slipped despite the strongest fixing to its daily reference rate since October.
Shares in Tokyo, China and Hong Kong fell. Australian stocks outperformed while U.S. futures pared gains. Signs of contagion into European markets were limited as U.K. equity futures traded flat. Treasury yields ticked higher as trading resumed after the Independence Day holiday and the dollar steadied. Gold slipped after two days of gains.
Nikkei -0.80% Hang Seng -1% CSI -0.79% Shanghai -0.92% Shenzen -1.59%
Eur$ 1.1693 CNH 6.6550 CNY 6.6452 JPY 110.60 GBP 1.3228 CHF 0.9919 RUB 63.2191 WTI$ 73.86 -0.395
S&P +0.10% EuroStoxx -0.03% FTSE +0.14% DAX -0.02% SMI +0.03%
Macro :
- Dollar Set for Imminent Slide on Flawed Tariff Logic: Macro View
- Citi Says Keep Buying the Dips and Look to U.S. and Tech Stocks
Keep an eye on :
- AIR FP : Brazil Is Said to Agree W/Boeing, Embraer Advancing Talks: Folha
- MT NA : Saudi Fund Said to Consider Boosting Stake in ArcelorMittal JV
- BAYN GY : Brazil Court Orders Monsanto to Put Royalty Payments in Escrow
- EN FP : Bouygues Telecom Ready to Seize M&A Opportunities, Roussat Says
- BPOST BB : Bpost Drops Plan to Halt Parcel Collections on Saturday: Belga
- ACA FP : Credit Agricole Says No Plan to Sell Bank in Poland: Reuters
- COR PL : Corticeira Amorim Says Maria Fernanda Amorim Holds 13.8% Stake
- DAI GY : Daimler Upgraded by Analysts After Recent Share Price Moves
- DRI GY : Drillisch Share Fall on Competition Concerns Overdone: Jefferies
- EDF FP : EDF Flamanville EPR Reactor Delay Seen Longer: Figaro
- GETIB SS : Getinge Pays SEK276m Fine After Agreement With Brazil Authority
- MER LN : Fund Advised By Shareholder Value Urges Mears Chairman Removal
- NEL NO : Nel Gets EUR2M Order for Two Fueling Stations in Germany
- ODL NO : Odfjell Drilling Allocates 46,302 Shares in Subsequent Offering
- UG FP : Opel is Said to Consider Short Hours for Eisenach Site: WiWo
- SBMO NA : SBM Offshore Says Brazil Judge Partly Granted Prosecutor Request
- SNI NO : Stolt-Nielsen Second Quarter Net Income Beats Estimates
- SW FP : Sodexo Maintains 2018 Targets; 9M Rev. Organic Growth 1.6%
- WPP LN : *WPP IS SAID TO THREATEN TO STRIP SORRELL OF SHARE AWARDS: SKY