Japan’s stocks led Asian declines amid investor concern the exchange of threats between China and the U.S. is the precursor of a full-blown trade war. Oil dropped, while the dollar edged higher as Treasury yields steadied just above 2.90 percent.
A jump in the yen weighed on Tokyo stocks, with the Topix index poised for its biggest slide in almost three weeks. Declines accelerated after a strong earthquake hit Osaka, one of Japan’s industrial heartlands. South Korean equities also slipped, while S&P 500 Index futures pointed to losses. China and Hong Kong, markets more sensitive to deepening trade tensions, were closed for holidays. Oil extended a decline as Saudi Arabia and Russia prepared for a clash with other OPEC members and allies over whether to raise production.
Nikkei -0.75% Hang Seng -0.43% CSI -0.53% Shanghai -0.73% Shenzen -1.76%
Eur$ 1.1592 CNH 6.4524 CNY 6.4387 JPY 110.48 GBP 1.3268 CHF 0.9972 RUB 63.2177 WTI $63.99 -1.64|%
S&P -0.44 EuroStoxx -0.49% Dax -0.52% SMI -0.36%
Macro ;
- Spain Is Committed to Budget Stability, Calvino Tells El Pais
- ‘Jury Still Out’ on MiFID II Transparency, AMF Head Says: FT
- Iran Says Three OPEC Members to Veto Saudi-Proposed Supply Boost
- Bordeaux 2017 Vintage Priced Mostly 5% to 20% Below 2016 Levels
- Merkel at Risk as German Coalition Crisis Enters Critical Phase
- European Banks Eyeing Mergers Face Gridlock on Friendlier Rules
Keep an eye on :
- ABF LN : AB Foods Should See Primark Get `Mojo' Back, RBC Upgrades
- ALV GY : Allianz looking for big acquisition, Zurich, Aviva and RSA potential targets
- AKZA NA : Akzo Nobel to Buy 100% of Shares of Romania’s Fabryo; No Terms
- BBVA SM : BBVA Sells EU1B in Developer Loans to CPPIB: Expansion
- BEZQ IT : Bezeq Parent Companies Jump on Talks to Sell to Neuman Group
- CAB LN : Cabot Energy CEO and Finance Director Step Down
- CA FP : Le Maire Requests French Cos Take Strong Steps on Exec Pay: AFP
- SMDS LN : DS Smith Full Year Revenue Matches Estimates
- DTE GY : FCC Opens Docket for T-Mobile’s Proposed Purchase of Sprint
- DPW GY : Deutsche Post Assessing Streetscooter IPO or Sale Post 2020: FAZ
- DIS US : Disney: ‘Incredibles 2’ Est. Cumulative Gross to Friday $71.5m
- FB US : Facebook Limits Ads for Weapon Accessories to Adult Audience
- GSK LN : Coca-Cola Is Said to Mull Bidding GBP3b for Horlicks: Telegraph
- HEIA NA : Heineken to Invest GBP44m in Its Star Pubs & Bars Estate
- HNR1 GY : Hannover Re Considering Raising Dividend Ratio to 40%: BZ
- HSBA LN : HSBC Closes S$500M Asset-Backed Syndicated Facility for Grab
- IDIA SW : Idorsia Starts Phase III Registration Study With Clazosentan
- INDV LN : Indivior Gets Temporary Restraining Order Against Dr. Reddy’s
- ISAT LN : Inmarsat Could Be an M&A Target
- JNPR US : Juniper Falls as Rosenblatt Cuts to Sell on Customer Weakness
- MS IM : Mediaset in Talks With Perform on Commercial Partnership: Sole
- MRO LN : Melrose Is Said to Mull Sale of GKN Unit This Year: Sky News
- NEX FP : Nexans Sees Drop in 2018 Ebitda on Weakness in High Voltage
- NHH SM : NH Hotel shareholder MINT acquires 14m shares from Oceanwood; boosts stake to 29.82%
- RI FP : Pernod Margin Growth Seen Muted, Free Cash Lagging Sector: RBC
- PNL NA : PostNL Says Outlook Unaffected By Proposed Regulatory Changes
- PRS SM : Prisa Says Media Capital Deal Contract Terminated
- RTO LN : CMA Says Rentokil’s Cannon Hygiene Purchase May Raise Concerns
- SAN FP : Evotec to Integrate Sanofi’s Infectious Disease Unit
- SESG FP : Cable and TV Groups Question Airwaves Plan by Intelsat and SES
- SGRE SM : Siemens Gamesa CEO Tacke Says Dividend Is Likely: Expansion
- SKFB SS : SKF Near Sale of Motion Technologies, Dagens Industri Reports
- TKA GY : Thyssenkrupp Shareholders Are Said to Be Skeptical of Tata Deal
- TOBII SS : Buy Tobii After 50% Share Price Decline From Peak: DI
- VWS DC : Vestas Secures 442 MW Order From Xcel Energy
- VM/ LN : CYBG Is Said Closing in on Deal to Buy Virgin Money: Reuters
- VOD LN : India Is Said to Conditionally Approval Vodafone-Idea Deal: ET