Asian stocks were mixed Monday as China pledged it will stand the course of a trade war with the U.S. The yuan pared some of its gains following a rally triggered by a surprise China central bank move Friday, to make it more expensive to bet against the currency.
Equities in Hong Kong traded higher while Chinese shares declined, with the Shanghai Composite Index down more than 20 percent from January’s high and set to close at its lowest since February 2016. Japanese shares fell. Investors struggled to take the markets in either direction as they continued to parse the latest earnings results, including HSBC Holdings Plc. European futures crept higher. The yield on 10-year Treasuries steadied at 2.95 percent while the dollar showed a modest gain against most major peers.
Nikkei -0.08% Hang Seng +0.22% CSI -1.70% Shanghai -1.70% Shenzen -2.52%
Eur$ 1.1555 CNH 6.8570 CNY 6.8440 JPY 111.30 GBP 1.2994 CHF 0.9959 RUB 63.4240 WTI$ 68.68 +0.28%
S&P +0.05% EuroStoxx +0.09% FTSE +0.01% Dax +0.02% SMI +0.21%
Macro :
- French Stocks Will Stay Crème de la Crème in 2018: Macro View
- BofA Is Said to Prepare to Move Analysts to Paris From London:FT
- Sarasin Says World’s Top Oil Companies Overvalued Assets: FT
- ECB’s Lautenschlaeger Urges ’Gradual’ Interest Rate Rises: WamS
- Iran to Implement Currency Rescue Plan on Monday: ISNA
Keep an eye on :
- AENA SM : Aena Backs Strategic Plan of Previous Chairman, ABC Reports
- BEAN SW : Belimo First Half Sales 2.7% Above Estimates
- BRK/A US : Berkshire Second Quarter Operating Income $6.89 Bln
- CA FP : Tesco, Carrefour Say Alliance to Become Operational in October
- CNA LN : Centrica Invests in Israel Electric Vehicle Charging Firm Driivz
- DIA GY : Daimler Is Said in Talks to Make Electric Smart Cars in China
- DBK GY : Deutsche Bank Downgraded by Moody’s on Change in German Law
- EZJ LN : EasyJet July Load Factor 96.9% vs 96.8% Year Earlier
- GS US : Goldman Is Said to Name Jim Esposito Co-Head of Trading ARM:WSJ
- GYX GY :
- GVNV NA : GrandVision 2Q Adjusted Ebitda Beats Highest Est.
- HSBA LN : HSBC 2Q Growth ‘Paltry,’ Consensus Unlikely to Change: Jefferies
- HSBA LN : HSBC Is in ‘Good Shape,’ Will Deal With Trade War, CFO Says
- HSTN LN : Hansteen Buys GBP53.7M U.K. Property Portfolio From St Modwen
- IWG LN : IWG Terminates Talks With Starwood, Terra Firma, TDR on Offers
- KOS LN : Kosmos to Buy Deep Gulf Energy for $1.23b; Immediately Accretive
- KOS LN : Kosmos Energy Second Quarter Adjusted Loss Per Share 9c
- KU2 GY : Kuka Second Quarter Ebit EU52.1 Mln
- KU2 GY : Kuka Gets Order For E-Car Production Robots From Chinese GAC NE
- LIN GY : Linde Says Praxair Deal May Face More Divestiture Requirements
- NAS NO : Norwegian Air Shuttle Traffic Rose 13% in July
- NOKIA FH : *DOJ IS SAID TO BELIEVE THREE NATIONAL 5G CARRIERS NEEDED: NYP
- MGAM LN : Morgan Advanced Boat Not Yet Missed as R&D Pays Off: Berenberg
- NHH SM : Minor to Sell Shares in NH Hotel if Stake Exceeds 55%: Cinco
- OXB LN : Oxford Biomedica Annouces Cystic Fibrosis Gene Partnership
- PSM GY : +1.1% Pre Market
- PNL NA : PostNL Starts Preparations for Divestment of Nexive and Postcon
- PRS SM : Prisa Studies Sale of Stake in Televisa Radio: El Confidencial
- SDL LN : SDL Revenue Rises, Expects Started Initiatives to Perform in 2H
- 486 HK : Rusal 2Q Adjusted Ebitda Rises 8%; Still in Talks on Sanctions
- SHA GY : +2.1% pre market
- SPM IM : Saipem Evaluating Options for Drilling Unit: CEO to Repubblica
- SPI LN : Spire Healthcare Expects FY Ebitda Materially Lower vs 2017
- STM GY : Stabilus Nine Month Adjusted Ebit EU112.7 Mln
- SYNT LN : Synthomer First Half Pretax Profit GBP86.2 Mln
- TSCO LN : Tesco, Carrefour Say Alliance to Become Operational in October
- UCG IM : UniCredit Seeks EU90m in Damages From Caius in Milan Court
- ULE LN : Ultra Electronics First Half Adjusted Pretax Profit GBP43.6 Mln
- VCP LN : Victoria to Sell Stock to Help Fund EU96.7m European Acquisition