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Asian equities fell and U.S. stock futures headed lower, extending the biggest selloff for
global stocks in two years as investors adjusted to a surge in global bond yields.
The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in
India, fell 0.8 percent to 10,623 as of 7:00 a.m.
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DayBreak
Here’s a quick look at all that could influence equities on Monday.
Global Cues The Dow Jones Industrial Average tumbled 666 points in the biggest plunge
since June 2016, as the worsening bond rout stirred angst that the Federal Reserve will
accelerate its rate-hike schedule. Solid jobs data that underscored the strength of the
economy sent bond bulls scurrying and rattled equity investors who haven’t seen a week
this bad in two years. The 10-year Treasury yield popped above 2.85 percent for the first
time since January 2014. Europe Check The biggest weekly selloff since the U.S.
presidential election has erased European stocks’ gains for 2018. In a rout prompted by
concern about rising government bond yields, Stoxx Europe has erased an annual gain that
had reached 3.5 percent just over a week ago. Stocks are down for a fifth day, following
their best start to a year since 2015. Asian Cues Japan’s Topix index declined 1.9 percent
and the Nikkei 225 Stock Average sank 2.2 percent. South Korea’s Kospi index fell 1.5
percent. Australia’s S&P/ASX 200 Index dropped 1.3 percent and New Zealand’s S&P/NZX
50 Index sank 1.7 percent. Contracts on Hong Kong’s Hang Seng Index declined 1.3
percent. The MSCI Asia-Pacific Index fell 1 percent.
Here are some of the other key events scheduled for this week:
Monetary policy decisions are due in Australia, Russia, India, Brazil, Poland, Romania, the
U.K., New Zealand, Serbia, Peru, and the Philippines. Earnings season continues with
reports from Bristol-Myers Squibb, Ryanair, Toyota Motor Corp., BNP Paribas, BP, General
Motors, Walt Disney, SoftBank, Sanofi, Philip Morris, Total, Tesla, Rio Tinto, L’Oreal and
Twitter. Dallas Fed President Robert Kaplan and New York Fed President William Dudley
are among policy officials due to speak in New York. Commodity Cues Brent trades lower at
$67.9 per barrel; down 1 percent. WTI trades lower at $64.9 per barrel; down 0.9 percent.
Spot gold trades steady at $1,333 an ounce. Sugar ended higher for second day at 13.6
cents per pound, up 1.9 percent.
Shanghai Exchange
Steel trades lower; down 0.6 percent. Aluminium trades higher for second day; up 0.2
percent. Zinc continue to trades lower, albeit marginally. Copper snaps two-day winning
streak; up 0.4 percent. Rubber trades lower for fifth day; down 0.2 percent. Indian ADRs
Nifty Earnings To Watch Bosch Tata Motors Other Earnings To Watch Cochin Shipyard
Colgate Palmolive ENIL Eveready Industries Greaves Cotton Hudco IFCI Timken India
Ujjivan Financial Services Westlife Development Earnings Reaction To Watch
3M India Q3 (YoY)
Revenue up 12 percent at Rs 646 crore. Net profit up 119 percent at Rs 92 crore. Ebitda up
94 percent at Rs 126 crore. Margin at 19.5 percent versus 11.3 percent.
Mirza International Q3 (YoY)
Revenue up 11 percent at Rs 254 crore. Net profit up 21 percent at Rs 20.9 crore. Ebitda up
14 percent at Rs 45.6 crore. Margin at 18 percent versus 17.5 percent.
United Breweries Q3 (YoY)
Revenue up 17 percent at Rs 1,197 crore. Net profit down 3 percent at Rs 47 crore. Ebitda
up 19 percent at Rs 152.5 crore. Margin at 12.7 percent versus 12.5 percent.
Tata Global Beverages Q3 (YoY)
Revenue down 0.6 percent at Rs 1,730 crore. Net profit up 31 percent at Rs 168 crore.
Ebitda up 29 percent at Rs 234.5 crore. Margin at 13.6 percent versus 10.5 percent.
Bajaj Holdings & Investment Q3 (YoY)
Revenue up 15 percent at Rs 318 crore. Net profit up 41 percent at Rs 914 crore.
Glaxosmithkline Pharmaceuticals Q3 (YoY)
Revenue flat at Rs 704 crore. Net profit up 70 percent at Rs 90 crore. Ebitda up 172 percent
at Rs 141.5 crore. Margin at 20.1 percent versus 7.4 percent.
Thomas Cook Q3 (YoY)
Revenue up 51 percent at Rs 3,005 crore. Net profit of Rs 10 crore versus net loss of Rs 7.7
crore. Ebitda up 124 percent at Rs 120 crore. Margin at 4 percent versus 2.7 percent.
Hi-Tech Gears Q3 (YoY)
Revenues up 33 percent at Rs 124 crore. Net profit up 124 percent at Rs 7.4 crore. Ebitda
up 78 percent at Rs 16 crore. Margin at 12.9 percent versus 9.6 percent.
Aegis Logistics Q3 (YoY)
Revenue up 15.6 percent at Rs 1,442 crore. Net profit up 44.6 percent at Rs 53.5 crore.
Ebitda up 21 percent at Rs 72 crore. Margin at 5 percent versus 4.8 percent.
IEX Q3 (YoY)
Revenue up 30 percent at Rs 65 crore. Net profit up 24 percent at Rs 36 crore. Ebitda up 43
percent at Rs 53 crore. Margin at 81.5 percent versus 74 percent.
Mangalam Organics Q3 (YoY)
Revenue up 95 percent at Rs 78 crore. Net profit up 125 percent at Rs 3.6 crore. Ebitda up
113 percent at Rs 6.4 crore. Margin at 8.2 percent versus 7.5 percent.
CL Educate Q3 (YoY)
Revenue up 34 percent at Rs 65 crore. Net loss of Rs 0.5 crore versus net loss of Rs 1.3