Asian stocks edged up, while Treasuries were flat in the run-up to a potentially key U.S. jobs report. The yuan slipped after China’s central bank chief said the country has tremendous room to adjust policy.
Governor Yi Gang also said that no one exchange-rate number is more important than others, amid speculation by some that China would prefer to keep the yuan from weakening past 7 per dollar. China’s markets were closed for a holiday, though the offshore yuan dipped after the comments from an interview. Japanese and South Korean shares advanced following gains on Wall Street in the wake of reports suggesting that a delay could be considered for U.S. tariff hikes on Mexican goods. U.S.-Mexico talks are set to resume Friday.
US After Hours ZUMZ +18.9%, BYND +15.6%, ZM +9.5% are higher, while DOCU -20.5%, DOMO -18.9%, OLLI -3.6%, GES -1.1% are lower following earnings/guidance
Nikkei +0.60% Hang Seng Closed CSI Closed Shanghai Closed Shenzen Closed
Eur$ 1.1265 CNH 6.9365 CNY 6.9093 JPY 108.42 GBP 1.2697 CHF 0.9919 RUB 65.0125 TRY 5.8331 WTI$ 53.28 +1.31%
S&P +0.16% EuroStoxx +0.42% FTSE +0.23% Dax +0.54% SMI +0.19%
Macro :
- Trump Says He’ll Definitely Get a Deal With China
- Yuan Slips After PBOC Yi Sees Room to Ease Policy: Macro Squawk
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- NZYMB DC : Novozymes Sees Year Organic Sales Up 1%-3%, Saw 3%-5% Increase
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- TL5 SM : Berlusconi’s Mediaset Is Said to Mull Options for Spanish Unit
- UBSG SW : UBS to Put Japan Wealth Management Into JV With Sumitomo Mitsui
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- WPCT LN : *U.K. LABOUR'S MENDELSOHN EXITED WOODFORD FUND BEFORE GATES SHUT