Asian stocks retreated further on Friday, set for the worst week since March, thanks to continuing worries about emerging markets and the outlook for the technology sector’s earnings. The yen headed for its biggest two-day gain since July.
Equities fell in Japan, South Korea and Australia, while stocks in China posted gains. Technology shares lagged behind, following their U.S. counterparts lower amid concern about the durability of chip demand. Emerging-market stocks steadied after entering a bear market, while currencies advanced. The yen strengthened after the Wall Street Journal reported President Donald Trump may turn his sights on trade with Japan.
US After Hours OKTA +15%, FIVE +9%, MRVL +7%, PANW +6%, FNSR / DOMO / AVGO +4% are all higher following earnings/guidance
Nikkei -0.78% Hang Seng -0.25% CSI +0.41% Shanghai +0.34% Shenzen +0.07%
Eur$1.1616 CNH 6.8513 CNY 6.8414 JPY 110.62 GBP 1.2919 CHF 0.9657 TRY 6.5940 RUB 69.3021 WTI$ 67.84 +0.1%
S&P -0.05% EuroStoxx +0.06% FTSE +0.17% Dax -0.01% SMI -0.21%
Macro :
- UBS Sees S&P 500 Dropping 5% Should Trump Levy 25% China Tariffs
- Millennium Is Said to Shut Down Pioneering Quant Hedge Fund Firm
- *GOLDMAN CFO CALLS BITCOIN TRADING SPECULATION`FAKE NEWS': CNBC
Keep an eye on :
- AEVS SW : Aevis Victoria Acquires Surgical Business of Siloah; No Terms
- MT NA : ArcelorMittal Reaches Labour Pact with Ilva’s Trade Unions
- AIR FP : Airbus Said to Postpone Premium Aerotec Disposal: Handelsblatt
- AZA IM : Alitalia has Italian government sound out possible interest from Air China
- BIM IM : *BANCA INTERMOBILIARE'S BOARD APPROVES 2019-2021 STRATEGIC PLAN
- CFEB BB : CFE’s DEME Orders Two Dredging Vessels, Barges With Royal IHC
- CSGN SW : Credit Suisse CEO Says Will Stay in Job, Won’t Go Into Politics
- DBK GY : Deutsche Bank Is Said to Woo New York Hedge Funds After Cuts
- EDF FP : Macron: Nuclear Power Is Not Most Polluting Source of Energy
- ENEL IM : ISA Replaces Enel Americas as Top Utilities Pick, BTG Says
- FGP LN : FirstGroup Is Said to Draw Private Equity Interest Including CVC
- EXO IM : Exor First Half Net Assets $23.9 Bln
- G IM : Generali in Exclusive Talks to Buy Sycomore Asset Management
- HEI NA : Heineken Files Petition to Invalidate AB InBev Keg Patent
- IAG LN : British Airways Investigating Website, Mobile App Data Breach
- JUST LN : Just Group CEO says ‘not actively’ considering sale - Daily Telegraph
- MS IM : Mediaset acquires Radio Monte Carlo - http://bit.ly/2Cqm2s3
- NAS NO : Norwegian Air Plans Rio Flights in 2019, FlightGlobal Reports
- NHY NO : Alunorte Resuming Production Hinges on Key Studies: Prosecutors
- SBRY LN : Sainsbury’s Mike Coupe Urges Business Tax Reform: FT
- SU FP : Schneider Says Offices Visited by French Judicial Authorities
- SCR FP : Scor Says S&P Rating Affirmation Supports Independent Strategy
- SEN GY : Senvion Hires Yves Rannou from GE as CEO; Sharma to Remain CFO
- 9984 JP : SoftBank Is Said to Seek Loans From Banks Pitching for Big IPO
- TIT IM : Telecom Italia initiates sales process for Sparkle
- TKA AV : Austria’s Plans to Auction 5G Called Opaque, Presse Reports
- UBI IM : UBI Banca, Trade Unions Reach Pact for More Job Cuts
- VOW3 GY : VW to Add Electric Car Factory in Shanghai: Automobil-Produktion
- ZEAL DC : Zealand in Pact to Sell Royalty Streams to Royalty Pharma