Evening Headlines
Bloomberg:
- Stocks Drop, Yen Holds Gain as Tariff Man Returns. Asian stocks slumped Tuesday after a sell-off on Wall Street triggered by fresh tariffs announced by President Donald Trump, renewing concerns about global trade tensions. Japan’s currency held gains after its biggest jump since October on Monday in the wake of Trump slapping steel tariffs on Brazil and Argentina. Shares in Japan, Australia and South Korea opened with a thud. Hong Kong futures were down. U.S. stock futures were little changed after the S&P 500 Index slumped 0.9% Monday, when disappointing U.S. manufacturing data added to the risk-off tone. Treasuries were the odd asset out, falling on Monday amid a global retreat from bonds. Topix index declined 1.1% as of 9:01 a.m. in Tokyo. Australia S&P/ASX 200 Index lost 1.8%. South Korea’s Kospi index fell 0.9%. Hang Seng Index futures fell 0.6%. Futures on the S&P 500 Index were little changed.
Wall Street Journal:
Zero Hedge:
Night Trading
Morning Preview Links
Earnings of Note
Company/Estimate
Before the Open:
After the Close:
Afternoon:
Other Potential Market Movers
- Asian equity indices are -1.25% to -.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 64.5 unch.
- China Sovereign CDS 38.75 -.25 basis point.
- Bloomberg Emerging Markets Currency Index 65.30 -.02%.
- FTSE 100 futures +.18%.
- S&P 500 futures +.04%.
- NASDAQ 100 futures +.01%.
Earnings of Note
Company/Estimate
Before the Open:
- (BMO)/2.41
- (DCI)/.53
- (LE)/.09
- (AVAV)/.29
- (HQY)/.23
- (MRVL)/.17
- (CRM)/.66
- (WDAY)/.37
- (ZS)/.01
Afternoon:
- Wards Total Vehicle Sales are estimated to rise to 16.9M versus 16.55M in Oct.
- None of note
- The NATO Summit, Eurozone PPI report, Australia GDP report, US weekly retail sales reports, Morgan Stanley Consumer/Retail Conference, Piper Jaffray Healthcare Conference, CSFB Industrials Conference, (UNH) investor conference, (BDC) investor day, (GES) investor day and the Scotiabank Mining Conference could also impact trading today.
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