Asian stocks traded mixed Tuesday as investors assessed the re-escalating trade war. The Australian dollar climbed after the central bank did not cut rates as some analysts had expected.
Korean and Japanese shares slid as both markets came back online after holidays, while stocks in China and Hong Kong fluctuated. The drop in Tokyo was modest given Japan was shut for six trading days, perhaps helped by a relatively muted climb in the yen amid the renewal of trade-war tensions. Treasury yields steadied and the yuan dipped. Australian shares pared gains after the Reserve Bank of Australia flagged economic risks to the downside though left rates unchanged.
Earlier, Treasuries had risen after President Donald Trump’s top trade negotiator said Washington plans to proceed with a tariff hike on Chinese goods on Friday. Indications that China will still send a delegation to Washington this week had helped temper declines on Wall Street, with the S&P 500 Index closing off of its lows of the session Monday. Japanese government bonds gained.
US After Hours SEDG +18%, AIG +6.5%, KLAC -3% among notable earnings/guidance movers
Nikkei -1.53% Hnag Seng -0.02% CSI +0.15% Shanghai -0.17% Shenzen +0.57%
Eur$ 1.1213 CNH 6.7930 CNY 6.7761 JPY 110.61 GBP 1.3121 CHF 1.0164 RUB 65.2797 TRY 6.14 WTI$ 62.31 +0.10%
S&P -0.56% EuroStoxx -0.50% Dax -0.34% FTSE -0.44% SMI -0.10%
Macro :
- U.S. Says It Will Raise Tariffs After China Reneges on Vows (4)
- *GUNDLACH:BUY INTEREST RATE VOL ON LONG MATURITY U.S TREASURIES
Keep an eye on :
- ABI BB : *AB INBEV 1Q ADJ. EBITDA GROWTH 8.2%; EST. 8.6%
- ABI BB : AB InBev Confirms Plan for Hong Kong IPO Asia Pacific Unit (1)
- ACA LN : Acacia Valuation Overly Bearish, 50% Upside Possible: Peel Hunt
- ADEN SW : Adecco First Quarter Revenue Meets Estimates
- AIR FP : Airline Built on Airbus Jets Prepares for Another `Large' Order
- ALO FP : Alstom FY Adj. Ebit EU570m, Est. EU578.7m
- AKE FP : Arkema 1Q Rev., Ebitda Meet Estimates; Keeps Forecast
- ATS AV : AT&S Raises Dividend, Sees High Uncertainty Over Phones, Autos
- ARJOB SS : Arjo First Quarter Adjusted Ebitda 1.3% Below Estimates
- SPR GY : Axel Springer First Quarter Revenue Meets Estimates
- AZN LN : AstraZeneca’s Calquence Phase 3 Meets Primary Endpoint
- BETSB SS : Betsson First Quarter Revenue Matches Estimates
- BMW GY : *BMW 1Q EBIT FALLS 78% TO EU589M FROM EU2.71B A YEAR EARLIER
- BMW GY : BMW Sets EU1.4b Antitrust Provision, 1Q EBIT Falls 78% Y/y (1)
- BNP FP : BNP Paribas Board Names Christian Noyer as Non-Voting Director
- BRAV SS : Bravida First Quarter Operating Profit Meets Estimates
- CLNX SM : Cellnex to Pay About EU2.7 Billion in Cash for 3 Tower Deals
- DBK GY : UBS Adds Deutsche Bank’s Mattus for Wealth Unit Investing Advice
- DTE GY : T-Mobile, Sprint Pushing Merger Discuss In-Home Broadband at FCC
- DIS US : ‘Avengers: Endgame’ Passes $2 Billion Mark in Second Weekend
- DIA SM : Regulator Approves Modification of LetterOne Offer for DIA
- DSM NA : DSM Raises FY Adj. Ebitda Guidance After 1Q Adj. Ebitda Beat (1)
- ZIL2 GY : ElringKlinger Confirms Outlook Despite Global Headwinds (1)
- ELE SM : Endesa First Quarter Net Income 2.1% Below Estimates
- ENC SM : Ence First Quarter Net Income Misses Lowest Estimate
- EL FP : EssilorLuxottica First Quarter Revenue Meets Estimates
- ENX FP : Euronext Extends Acceptance Period of Offer on Oslo Bors
- ECP FP : Europacorp Shares Suspended in Paris Pending Statement
- EUCAR FP : Hertz 1Q a ‘Relatively Low-Quality Beat,’ Morgan Stanley Says
- EKT SM : Euskaltel First Quarter Adjusted Ebitda 1.7% Below Estimates
- EVK GY : Evonik Raises FY Adj. Ebitda, Sales Outlook
- FBK IM : FinecoBank First Quarter Revenue Beats Highest Estimate
- FBK IM : UniCredit Considers Sale of 10%-15% Stake in Finecobank: Sole
- GEST SM : Gestamp First Quarter Net Income Misses Lowest Estimate
- GEST SM : Gestamp Expects Improved Profitability in Second Half of 2019
- GTT FP : GTT Gets Hyundai Heavy Industries LNG Carrier Tank Design Order
- HFG GY : HelloFresh First Quarter Revenue 4.8% Above Estimates
- HMEF SS : Hemfosa Fastigheter First Quarter Rental Income SEK688 Mln
- HNR1 GY : Hannover Re 1Q Net Income, Ebit Beat Estimates (1)
- HEN3 GY : Henkel 1Q Adj. Ebit Falls 5.6%; Forecast Confirmed
- NK FP : Imerys 1Q Cur. Net Slips 2.6%; Co. Sees FY Hit from U.S. Plant
- IFX GY : Infineon 2Q Adj. EPS Beats Estimates; FY Guidance Maintained (1)
- ILD FP : Iliad First Quarter Revenue EU1.29 Bln
- DEC FP : JCDecaux Wins 10-Year Ad Contract for Abu Dhabi Intl Airport
- KVAER NO : Kvaerner Sees Full Year Gross Rev. Above NOK8 Bln
- KENDR NA : Kendrion First Quarter Ebitda EU12.7 Mln
- MMB FP : Lagardere First Quarter Revenue EU1.71 Bln
- LHA GY : Lufthansa Appoints Eurowings Head Dirks for 3 More Years
- MOWI NO : Mowi First Quarter Net Income Beats Highest Estimate
- NENTA SS : NENT First Quarter Sales SEK3.73 Bln
- NETC DC : Netcompany Says Danske Bank Holds Less Than 10%
- ORP FP : Orpea Sees Full Year Revenue At Least EU3.7 Bln
- ORK NO : Orkla First Quarter Adjusted Ebit Beats Highest Estimate
- OERL SW : Oerlikon 1Q Sales CHF624m, Misses Co.-Comp. Estimate of CHF630m
- PNDORA DC : Pandora First Quarter Revenue 1.2% Below Estimates
- PFV GY : Pfeiffer Vacuum First Quarter Ebit Margin 11.8%
- PSPN SW : PSP Swiss First Quarter Net Income CHF79.7 Mln
- PNL NA : PostNL 1Q Underlying Cash Operating Income Matches Estimates (2)
- QSC GY : QSC in Pact to Sell Plusnet to EnBW Telekommunikation
- RAA GY : Rational 1Q Sales Beat Highest Estimate; Confirms Outlook (1)
- REE SM : Spanish Power Demand Fell 2% in April From a Year Earlier
- ROG SW : Roche’s Firefish Trial Achieves Key Motor Milestones
- RLD SW : Swiss Private Bank Rothschild Looking for M&A But Isn’t for Sale
- RLD SW : Edmond de Rothschild Hires Michel Longhini to Head Private Bank
- SGRE SM : Siemens Gamesa Second Quarter Sales Meet Estimates
- SHOT SS : Scandic First Quarter Adjusted Ebitda Misses Estimates
- SLIGR NA : Sligro to Buy Food Wholesaler De Kweker’s Parent Company Wheere
- GLE FP : SocGen Lifer Cartier to Lead Fixed-Income Amid Restructuring
- SOLB BB : Solvay to Reshuffle Executive Committee Structure and Duties
- TIT IM : Telecom Italia Says Vodafone Partnership Talks Proceeding
- TIT IM : Telecom Italia Says CFO Peluso to Be Replaced by Banker Ronca
- TEL NO : Telenor Says PHP, Finda Approve Sale of Stakes in DNA
- TETY SS : Tethys Oil First Quarter Ebitda Misses Estimates
- TOM NO : Tomra First Quarter Ebita NOK207 Mln Vs. NOK142 Mln Y/Y
- UBSG SW : UBS Adds Deutsche Bank’s Mattus for Wealth Unit Investing Advice
- UCG IM : UniCredit Considers Sale of 10%-15% Stake in Finecobank: Sole
- VAR1 GY : Varta Raises 2019 Forecast
- VCT FP : Vicat First Quarter Like-for-like Sales +0.3%
- VNA GY : Vonovia Sees FY FFO About 5% Higher From Prior Year
- WAC GY : Domino's Pizza Group 1Q Like-for-like U.K. Sales +3.1%
- WEW GY : Westwing Cuts Year Revenue View on Lower GMV Trading