A rally in Asian stocks weakened on Thursday as rising U.S. Treasury yields threatened to pose a fresh test for equity investors. The dollar maintained declines against most major peers and oil extended gains.
With little in the way of new leads for equity traders to latch on to and tariff concerns set aside, Japan’s stocks shuffled into a three-month high for a second day. South Korea outperformed and Hong Kong and Chinese stocks drifted in a lackluster session. European futures tipped a muted open. The yield on 10-year Treasuries remained above the much-watched 3 percent mark after approaching its highs for the year. The yen edged higher and oil held above $71 a barrel on declining stockpiles.
US After Hours MLHR +8.2%, RHT -4.3% following earnings/guidance
Nikkei +0.01% Hang Seng -0.25% CSI -0.21% Shanghai -0.17% Shenzen -0.33%
Eur$ 1.1688 CNH 6.8537 CNY 6.8491 JPY 112.16 GBP 1.3151 CHF 0.9667 TRY 6.2509 RUB 66.6821 WTI$ 71.72 +0.84%
S&P -0.02% EuroStoxx +0.03% FTSE +0.10% Dax -0.05% SMI -0.01%
Macro :
- Italy’s League Says 2019 Deficit Can Go Above 2%: Corriere
- Buy EM Equities Over Debt As Value Emerges, Says UBS’ Anderson
Keep an eye on :
- AGS BB : Ageas COO Says ‘Very, Very Unlikely’ to Do M&A in Netherlands
- AIR Fp : Airbus, JetBlue Plan Delivery Flights Using Renewable Jet Fuel
- BATS LN : British American Tobacco CEO Is Said Preparing to Step Down: Sky
- BIM IM : BIM Approves Sale, Securitization of Bad Loans With EU601m GBV
- BFRILL NO : Borr Drilling Holder to Offer Up to 17m Shrs
- CRG IM : Carige Says ECB Confirms Rejection of Capital Conservation Plan
- CRG IM : Banca Carige Needs Merger in Short Term: Mincione to Sole
- DTE GY : German Telecoms Market Offers Attractive Opportunities: Lampe
- DGE LN : Diageo Sees Currency Volatility in Emerging Markets
- EDF FP : EDF Rivals: Plan for Nuclear Power Rules Threatens Competition
- ESi FP : ESI Group Names Cristel de Rouvray as CEO
- GLEN LN : Glencore to Issue Convertible Bonds of Up to $150M
- GVNV NA : GrandVision Says 3Q Comparable Growth to Improve on 1H Levels
- HUR LN : Hurricane Energy Posts 1H Loss After Tax of $75m
- INTER NA : Intertrust Targets 3%-5% Y/Y Underlying Revenue Growth 2019-2021
- IGG LN : IG Group First Quarter Revenue GBP128.9 Mln
- ILD FP : Italy 5G Auction Bids Over EU3.84B at End of 5th Day: Ministry
- ISAT LN : Inmarsat, Panasonic Avionics to Team Up on In-Flight Broadband
- KEI LN : Kier Full Year Adjusted Pretax Profit 1.9% Below Estimates
- KOS US : Kosmos Energy 9m Shrs Are Said Offered at $8.80-9.25/Shr
- KVW NA : VolkerWessels Pulls Out of Tender for Dutch Highway A15: FD
- LAM LN : Lamprell First Half Revenue $155.1 Mln
- LONN SW : Lonza Announces CHF400m Investment To Expand IbexTM Solutions
- MONT BB : Montea to Issue EU41.2m Stock for Tiel Sale-and-Rent-Back Deal
- NESN SW : Nestle to Explore Strategic Options for Skin Health Unit
- NOVN SW : Novartis May Cut as Many as 800 Jobs at Basel, Stein: Aargauer
- ORA FP : CEO of Orange’s Bank Unit Is Said to Step Down in Next Few Weeks
- OVS IM : OVS First Half Net Sales 1.9% Below Estimates
- ORSTED DC : Orsted’s ‘Bumper’ Hornsea Price, OMV Upgraded: EU Energy Wrap
- PNL NA : PostNL Staff to Go on 24 Hour Strike on Sept. 20, Union Says
- RX FP : Recylex to Appeal Bethune Court Rejection of Liability Claim
- RKET GY : Rocket Internet First Half Westwing Adjusted Ebitda EU2.8 Mln
- RYA LN : German Pilots Union Calls for Replacement of Ryanair Management
- RWE GY : RWE Adds African Producers to Talks on Supplying German Terminal
- SIS IM : Ardian Set to Complete Investment in Gavio Companies: Sole
- SPM IM : Saipem Says It May Appeal Today’s Court Decision in Bribery Case
- SUN SW : Sulzer Places Up to 5 Mln Treasury Shrs Acquired From Renova
- SWTQ SW : Schweiter to Buy Acrylic Sheet Assets, U.K. Distribution Company
- TIT IM : Italy 5G Auction Bids Over EU3.84B at End of 5th Day: Ministry
- TIT IM : Telecom Italia Is Said to Consider Bidding for Nextel in Brazil
- TOM2 NA : TomTom CEO Says Carmakers Take Risk by Giving Control to Google
- TW/ LN : Carney’s Carnage Scenario for U.K. Housing Deemed Too Extreme
- VOW GY : Winterkorn Ordered VW Staff to Implement Defeat Device: HB
- VOW3 GY : VW’s MAN Sticks to Lofty Margin Goal Ahead of Possible Truck IPO
- ZEAL DC : Zealand Pharma Trial Results De-risk Asset, Goldman Sachs Says