Asian stocks tumbled Friday on worries the U.S. and China won’t reach a trade deal before another round of tariff hikes are set to kick in. Bonds climbed across the region and Treasuries ticked higher.
Japanese shares led declines in Asia, and Hong Kong stocks slumped as trading resumed after a three-day holiday. U.S. futures dropped after the S&P 500 sank following news that President Donald Trump is unlikely to meet Chinese President Xi Jinping before the March 1 deadline for more tariffs. The Australian dollar sank after the central bank slashed its economic outlook and New Zealand’s benchmark yield dropped to a record low. China’s markets remain shut for Lunar New Year.
US After Hours MAT +18%, SKX +17%, EXPE +7%, MHK +6% are higher, while VCRA -21%, QNST -14%, TDC -4%, QRVO -3% are lower following earnings/guidance
Nikkei -2.01% Hang Seng -0.09% CSI Closed Shanghai Closed Shenzen Closed
Eur$ 1.1339 CNH 6.7847 CNY 6.7457 JPY 109.78 GBP 1.2950 CHF 1.0017 RUB 66.0767 TRY 5.2679 WTI$ 52.29 -0.66%
S&P -0.34% EuroStoxx -0.13% FTSE -0.03% CaC +0.31% Dax -0.24% SMI -0.16%
Macro :
- Brexit Deadlock Continues as EU Rebuffs May’s Demands
- Hedge Funds Post Gain in January as Stock Rally Rewards Managers
Keep an eye on :
- AF FP : Air France-KLM Group January Passenger Traffic Rises 2.3%
- AV/ LN : Aviva May Miss Its Own Deadline For New CEO: Sky
- AST IM : Japan’s IHI May Have Withdrawn Interest in Italy’s Astaldi: Sole
- BPE IM : BPER Buys Unipol Banca for $250 Million to Grow in Central Italy
- BSLN SW : Basilea Gets $5m Milestone Payment From Pfizer for Cresemba
- CGCBV FH : Cargotec Full Year Dividend Per Share Beats Estimates
- CEC GY : Ceconomy 1Q Profit Falls on Costs to Replace Managers
- COFB BB : Cofinimmo Full Year Adjusted EPS Forecast Misses Estimates
- CBK GY : Germany Seeks Decision on Deutsche, Commerzbank By End-May: WiWo
- DBK GY : Germany Seeks Decision on Deutsche, Commerzbank By End-May: WiWo
- DB1 GY : Deutsche Boerse Had ‘Really Good Year’ in 2018, CEO Weimer Says
- DIA SM : Lack of Information on DIA’s Offer is Credit Negative: Moody’s
- DIC GY : DIC Asset Full Year Dividend Per Share Matches Estimates
- EDF FP : Macron Says France to Decide on EPR Reactors Around 2022: Rtrs
- FLOW NA : Flow Traders 4Q Net Trading Income 2.8% Above Est.
- GRF SM : Grifols Gets FDA Approval for Procleix Babesia Assay
- RMS FP : Hermes 4Q Rev. Rises 9.6% at Constant Exchange Rates
- KEMIRA FH : Kemira Full Year Dividend Per Share Misses Estimates
- LEO GY : Leoni Sees Full Year Revenue EU5.2 Bln, Leoni Suspends Dividend as Earnings Decline More Than Thought
- MOBN SW : Mobimo Full Year Dividend Per Share Matches Estimates
- OR FP : L’Oreal 4Q Like-For-Like Sales Beats Estimates on China Demand
- OTE1V FH : Outotec Makes EU110 Mln Provision on Ilmenite Smelter Project
- RNO FP : Renault Executive Urges Korea Unit Union to Stop Strikes: Daily
- RUI FP : Rubis Full Year Revenue Meets Estimates
- SKAB SS : Skanska Cuts Outlook for Swedish Residential Development Market
- GLE FP : Gundlach Says SocGen’s Oudea Has ‘No Idea What He Is Doing’
- SRCG SW : Swiss Government Awards Mobile Radio Frequencies for 5G
- TKTT FP : Tarkett FY Adj. Ebitda Slumps 21% on Raw Materials, Misses Est.
- UMI BB : Umicore Full Year Capital Expenditure Misses Lowest Estimate
- UNI IM : Unipol to Sell Unipol Banca to BPER for EU220m; Buy NPLs
- US IM : UnipolSai Full Year Net Income 1.3% Below Estimates
- VIV FP : Vivendi Wrote to Telecom Italia Board on Rothschild: Telegraph
- VOLVB SS : Volvo Cars in Talks With Investors to Finance Polestar: Rtrs
- WHA NA : Wereldhave Full Year EPS Forecast Misses Estimates