Asian stocks dropped as the U.S. threat of higher tariffs on imports from China continued to reverberate through global markets. The New Zealand dollar dropped after the country’s central bank cut rates to a record low.
Shares fell across the region with the brunt of declines seen in Japan. Hong Kong was also down, while Chinese stocks were little changed. The yen climbed. Futures on the S&P 500 Index were steady after U.S. stocks had the broadest day of declines since the Christmas Eve sell-off, despite closing off the session lows. Investor focus has turned to Washington for the visit of China’s top trade negotiator later this week as President Donald Trump ratchets up pressure to clinch a deal that many market participants had expected was all but done. Treasuries and the dollar were flat.
US After Hours EA / DIOD +8%, MTCH +7%, QRVO +6% are higher, while INGN -26%, TWOU -17%, DDD / SUPN / NVTA -15%, TRIP -6% are lower following earnings/guidance
Nikkei -1.63% Hang Seng -091% CSI -0.66% Shanghai -0.46% Shenzen +0.25%
Eur$ 1.1210 CNH 6.7845 JPY 110.06 GBP 1.3076 CHF 1.0190 RUB 65.2511 TRY 6.1753 WTI$ 61.82 +0.68%
S&P +0.07% EuroStoxx +0.09% FTSE -0.02% Dax +0.20% SMI -0.09%
Macro :
- Japan Is Worst Developed Stock Market With $165 Billion Wipeout
- Iran Sets Deadline to Nuclear Deal Partners, Scales Back Pledges
- Draghi Succession May Go Down to Wire Unless EU Sorts Other Jobs
Keep an eye on :
- AD NA : Ahold Delhaize 1Q Adj. Op. Profit Meets Est.; Views Maintained
- AIR FP : Airbus Got Orders for 3 A350 XWB Planes, 2 A330neos in April
- ALV GY : Allianz Real Estate to Invest $600m in GLP’s China, Japan Funds
- AMS SM : Amadeus First Quarter Adjusted Net Beats Highest Estimate
- AMBEA SS : Ambea First Quarter Net Sales 1.6% Below Estimates
- APAM NA : Aperam First Quarter Sales 1.7% Below Estimates
- ASAME NO : Atlantic Sapphire Offering Prices 8.46m Shares at NOK92.50/Share
- BAS GY : BASF Looking to Enter China Battery-Material Market With Sinopec
- BFSA GY : Befesa First Quarter Revenue EU179.1 Mln
- BEKB BB : Bekaert First Quarter Revenue 2.8% Above Estimates
- GVF GY : Bilfinger First Quarter Sales 3.5% Above Estimates
- CAF SM : CAF First Quarter Net Income Misses Estimates
- CBK GY : Commerzbank 1Q Revenue Matches Estimates, Guidance Confirmed (1)
- COPN SW : Cosmo Pharmaceuticals’ IND for CB-03-10 Allowed by FDA
- COPN SW : Cosmo Agrees on New Distribution Pact for Eleview With Medtronic
- DBK GY : ISS Calls Investors to Vote Against Deutsche Bank’s Boards: FT
- DBK GY : Deutsche Bank Says ISS Report Doesn’t Reflect Current Situation
- DIA SM : LetterOne Expects to Control More Than 50% of DIA: Cinco Dias
- DOC AV : Do & Co Gets Another Buy as Berenberg Sees Strong Visibility
- DRI GY : 1&1 Drillisch to Pay EU0.05/Shr Dividend if 5G Auction Succeeds
- EZJ LN : EasyJet CEO Confirms 10% Growth Forecast for 2019: FuW
- ELG GY : Elmos Semi Maintains Full Year Sales +6% To +10%
- ENX FP : Euronext April Total Cash Market Transaction Value -5.9% Y/y
- EVRY NO : Evry First Quarter Net Income Misses Estimates
- FER SM : Ferrovial 1Q Loss EU98 Mln Vs. Loss EU161.0 Mln Y/Y
- FER SM : Ferrovial to Buy Back up to EU275m of Shares
- FBK IM : FinecoBank Placement Price Guidance €9.75-€9.80: Term Sheet --> Placed at €9.80/Share
- FLNG NO : Flex LNG Files Registration for NYSE Listing
- FRA GY : Fraport First Quarter Revenue Beats Highest Estimate
- GREEN BB : Greenyard to Make Further Investment in Bardsley; No Terms
- HDD GY : Heidelberger Druck Prelim Full Year Sales Match Estimates
- HEX NO : Hexagon Composites First Quarter Ebitda Beats Highest Estimate
- HOMI BB : Home Invest Belgium SA Cut to Reduce at Kepler Cheuvreux
- ILD FP : Iliad Still Aims to Target Premium Mobile Market in France: Niel
- IMCD NA : IMCD First Quarter Operating Ebita EU63.7 Mln
- INTRUM SS : Intrum Doesn’t Expect CEO to Be Subject to Any Penalties
- ING NA : Voya Financial 1Q Adjusted Operating EPS Misses Est.
- IBAB BB : Ion Beam Maintains Outlook of Positive Adj. Ebit for 2019
- KIN BB : Kinepolis First Quarter Change In Attendance -6%
- LNZ AV : Lenzing First Quarter Net Income EU43.8 Mln
- LUN DC : Lundbeck Raises Low End of FY Revenue Forecast Range
- MUN2 GY : Munich Re Confirms Forecast for 2019 as Profit Drops
- NESN SW : Nestle’s U.S. Unit Will Cut 4,000 Jobs in Delivery Network Shift
- NOEJ GY : Norma Maintains FY Adj Ebita Margin Low End Of +15% To +17%
- NHY NO : Norsk Hydro Names Pal Kildemo CFO Effective August 15
- OCY NO : Ocean Yield First Quarter Net Income Misses Estimates
- ODF NO : Odfjell First Quarter Ebitda Beats Highest Estimate
- ONTEX BB : Ontex First Quarter Adjusted Ebitda EU53 Mln
- RNO FP : Nissan Chief Quality Officer Vandenhende to Oversee Infiniti
- RTN LN : Restaurant Group Fairly Valued, Slowing Wagamama a Risk: Peel
- ROG SW : Roche Says MS Drug Significantly Reduces Disability Progression
- SIE GY : Siemens Gas Unit Spinoff Starts to Change Narrative: BI React
- LNSX GY : Sixt Leasing First Quarter Net Income EU5.7 Mln
- ORA FP : Orange to Buy SecureLink for Enterprise Value Eu515m
- OUT1V FH : Outokumpu Sells Real Estate in Germany for EU90 Mln
- PST IM : Poste Italiane First Quarter Revenue Beats Highest Estimate
- SHA GY : Schaeffler First Quarter Revenue Beats Highest Estimate
- SIE GY : Siemens Confirms FY Targets as 2Q Industrial Profit Rises
- STAN LN : Standard Chartered Buys Back 1.19M Shares May 7
- STAN LN : Standard Chartered Buys Back 1.19M Shares May 7
- SNH GY : Steinhoff 2017 Net Loss 4.03b Euros vs Restated 279m Euros Loss
- STB NO : Storebrand First Quarter Net Income Misses Estimates
- SMNH GY : Suess MicroTec First Quarter Sales EU47.1 Mln
- SZU GY : Beet Growers to Make Offer for Suedzucker French Plants: Reuters
- SWEDA SS : Swedbank Evaluates Measures to Maintain 75% Dividend Payout: DI
- TEF SM : Telefonica to Sell 11 Data Centers to Asterion For EU550 Million
- TLG GY : TLG Immobilien 1Q FFO EU34.6 Mln; Notes Favorable Market
- UBSN SW : UBS Asia Wealth Clients Holding More Cash Than U.S. Counterparts
- UCG IM : UniCredit Is Said to Sell 17% Stake in Fineco at EU9.8 Apiece
- VASTN NA : Vastned Full Year EPS Forecast Midpoint Misses Estimates
- VWS DC : Vestas to Name Hempel’s Andersen CEO, Succeeding Runevad
- VIS SM : Viscofan First Quarter Net Income EU22.8 Mln Vs. EU31.7 Mln Y/Y
- WALWIL NO : Wallenius Wilhelmsen First Quarter Net Income Misses Estimates
- WDI GY : Wirecard Raises FY Ebitda Forecast as 1Q Ebitda Grows 40.7%
- WKL NA : Wolters Kluwer First Quarter Organic Revenue +4%