Stocks in Europe struggled on Monday after Asian shares declined as optimism over a potential U.S.-China trade deal receded. Treasuries climbed, while the pound strengthened ahead of a U.K. cabinet meeting.
Automakers and financial services companies were among the biggest decliners in the Stoxx Europe 600 Index, with futures on the Dow, Nasdaq and S&P 500 falling alongside those in Asia after White House economic adviser Larry Kudlow downplayed the potential for a quick deal with China. Treasury yields handed back some gains made on Friday, when a strong monthly jobs report reinforced the case for the Federal Reserve to keep raising interest rates. The pound rose on news of further progress in Brexit negotiations.
Nikkei -1.55% Hang Seng -2.08% CSI -0.83% Shanghai -0.41% Shenzen -0.01%
Eur$ 1.1389 CNH 6.9203 CNY 6.9258 JPY 113.20 GBP 1.3001 CHF 1.004 TRY 5.47018 RUB 66.1714 WTI$ 62.72 -0.67%
S&P -0.1% EUROSTOXX +0.12% FTSE -0.21% DAX +0.04% SMI +0.01%
Macro :
- Volatility Remains Elevated Ahead of U.S. Elections: Goldman
- Investors Expect No Relief on the Other Side of U.S. Midterms
- Trump-Xi Trade Deal Is Likely to Begin Rather Than End at G-20
- Salvini’s Surge Renews Turmoil in Italy’s Populist Government
- May Secures Key EU Brexit Concessions on Customs, Times Say
- Hedge Funds Back to Being Long VIX Futures: Volatility Monitor
Keep an eye on :
- AIBG ID : AIB Says No Capital Action Required After Stress-Test Results
- ALO FP : Alstom, Hyundai Make Joint Bid to Build $2.5b Baghdad Railway
- BAMI IM : Banco BPM Says Stress Test Didn’t Factor in Ongoing Derisking
- BIRG ID : Bank of Ireland Says Capital Position ‘Strong’ After Stress Test
- BARC LN : Barclays Remains Comfortable With Its Target CET1 Ratio
- BRK/A US : Berkshire Third Quarter Operating Income $6.88 Bln
- BRK/A US : Berkshire Profit Surges as Buffett’s Insurers Weather Storms
- GBB FP : Bourbon: Search for New Financial Partners Moving Forward
- ACA FP : Credit Agricole Says Stress Test Shows Group Is ‘Very Robust’
- CNHI IM : October Class 8 Truck Net Orders Rose 21% Y/y, ACT Research Says
- DANSKE DC : Danske Is Worst-Hit Nordic Bank in EBA Capital Stress Test
- DBK GY : Deutsche Bank Eyes Later Role in EU Banking Consolidation: HB
- DIE BB : Belgian Oct. Car Registrations Slide 15%; D’Ieteren Has 17.6%
- DWS GY : Deutsche Bank’s DWS Acquires 15% Stake in Neo Mena Technologies
- DTE GY : *T-MOBILE: THOMAS DANNENFELDT TO RESIGN FROM BOARD
- DUFN SW : Dufry: Holzer Neumann to Temporarily Renounce Board Functions
- DUFN SW : Dufry 3Q Sales Weak, No Reasons to Get Involved: Morgan Stanley
- EMI IM : ENI CEO Confirms Company Has ’Strong Commitment’ to Libya
- EKT SM : Euskaltel Third Quarter Revenue Misses Lowest Estimate
- FCA IM : Fiat Chrysler Italy Sales Down 17% in October, Mkt Down 7.4%
- GAM SW : *GAM REBUFFS SCHRODERS APPROACH FOR HEDGE FUND UNIT: FT
- GS US : Goldman May See Significant Fines From U.S. 1MDB Proceedings
- HSBA LN : HSBC Sees CET1 Ratio of 9.18% at the End of 2020
- ING NA : ING CET1 Ratio Drops to 10.7% in Adverse Scenario: EBA test
- ISP iM : Intesa Sanpaolo CET1 Fully Loaded Under Adverse Scenario 9.66%
- IG IM : Ascopiave May Discuss Partnership With Italgas, Sole Says
- MC FP : Billionaire, the restaurant chain owned by Italian entrepreneur Flavio Briatore, has attracted the interest of French luxury goods group
- MKS LN : Marks & Spencer board considered break-up, decides against
- MEL SM : Melia Teams Up With Aberdeen to Invest EU350M in Cuba: Expansion
- NOVN SW : Sandoz Decides Not to Pursue US Biosimilar Rituximab
- NKT DC : NKT Confirms Turnkey Order for Moray East Offshore Wind Project
- RR/ LN : Emirates Edging Toward Rolls A380 Engine Deal, Reuters Reports
- RYA LN : Ryanair Total Traffic Grew 11% to 13.1m Customers in October
- SAB SM : Sabadell Says EBA Stress Results Affected by TSB Acquisition
- SHP LN : Shire Down on Report Dissidents to Sue for Takeda Board Minutes
- SHL GY : Siemens Healthineers to Keep Operations in China, Germany: CEO
- UBI IM : Ubi Banca Says EBA Stress Tests Show Group’s Good Resilience
- UCG IM : UniCredit CET1 at Adverse Scenario 9.34%
- VOW3 GY : VW Financial Services to Maintain Last Year’s Op Profit: BZ
- VOW3 GY : VW Seeks to Link With Rivals on Driverless, Electric Cars: Rtrs
- W US : Citron Research Urges Shorting Wayfair on ‘False Promises’
- WPP LN : WPP Is Said to Freeze Hiring Until Early 2019 as Growth Falters