Stocks showed signs of stabilization with a rebound in Asian trading Tuesday after the deepest equity rout since the global financial crisis.
Futures on the S&P 500 Index gained more than 3% after the gauge’s near 8% plunge Monday, and benchmarks rose in Hong Kong and Shanghai. Japan advanced after sliding 4% at one point. Shares in Sydney came back from the cusp of a bear market to end up more than 3%. Crude oil rose over 7%, taking back a slice of Monday’s crash. The yen slid over 2% and the Swiss franc declined the most since July. Yields on 10-year Treasurys recouped roughly half of yesterday’s tumble, while the futures hit their limit down, triggering a circuit breaker.
US After Hours SFIX -37% down big on earnings/guidance, CNI +14.8% cancels presentation at JP Morgan conference, GKOS +0.7% to join S&P600, MTN -12.3%, NGM -6.9% COO Departs
Nikkei +0.75% Hang Seng +1.83% CSI +1.96% Shanghai +1.52% Shenzen +1.81%
Eur$ 1.1370 CNH 6.9380 CNY 6.9372 JPY 104.33 GBP 1.3050 CHF 0.9341 RUB 73.0012 TRY 6.1553 WTI$ 33.50 +7.61%
S&P +3.40% Nasdaq +3.77% EuroStoxx +2.15% FTSE +2.89% Dax +2.11% SMI +2.15
Macro :
- Italy Leans Towards School Closure Until April 3: Repubblica
- Goldman Sachs Files With SEC for ETF Based on Economic Drivers
- UN Affirms Urgent Need to Curb Virus Spread by Air Travel
- Hedge Fund Point72 Reports Coronavirus Case in New York: WSJ
- Germany Won’t Blink on Fiscal Stimulus Until Crisis Hits Home
Keep an eye on :
- AF FP : *AIR FRANCE TO CANCEL 3,600 FLIGHTS IN MARCH ON CORONAVIRUS
- ARYN SW : Aryzta First Half Underlying Ebitda EU169.8 Mln, +12% Y/y
- BFIT NA : Basic-Fit Full Year Adjusted Ebitda 3.1% Above Estimates
- BT/A LN : BT Dividend Hangs by a Thread as Market Rout Widens Pension Hole
- CTM SS : Catena Media Names MTGx’s Peter Messner CFO
- CGG FP : CGG Confident Can Remain Cash Positive Despite Oil Price Drop
- COR PL : Corticeira Amorim Full Year Net Income EU74.9 Mln, -3.2% Y/y
- DBK GY : Deutsche Bank, KKR Workers Get Virus in Europe, Upending Offices
- DPW GY : Deutsche Post Fourth Quarter Ebit 2.3% Below Estimates
- GCO SM : Catalana Occidente Holder Offers Shrs at EU21.30-22/Shr
- GALE SW : Galenica Sees 2020 Sales +1% To +3%
- GBN SW : Geberit Full Year Ebitda Meets Estimates
- GNAB DC : Genmab Names Anthony Mancini as Exec VP and COO From March 23
- GSK LN : ViiV Phase III Flair Study Findings Show Continued Efficacy
- HEIA NA : Heineken to Invest $183m Into Brazil Brewery Expansion: Reuters
- HIAG SW : HIAG Abolishes Extended Exec Board, Tasks of Members Unchanged
- HUBN SW : Huber + Suhner Full Year Ebit CHF80.5 Mln, -2.4% Y/y
- ICA SS : ICA Gruppen Agrees to Buy Logistics Property for About SEK1.1b
- IFX GY : Cypress Semi: CFIUS Sees No Security Concerns With Infineon Deal
- INF LN : Informa FY Adjusted Operating Profit Beats Highest Est.
- KTCG AV : Kapsch TrafficCom Says Tender for South Africa Project Ended
- KCO GY : Kloeckner Full Year Adjusted Ebitda Misses Lowest Estimate
- LLOY LN : Lloyds Unveils Plans to Shift Customer Data Onto Google's Cloud
- NAS NO : Norwegian Cancels Italy Flights Due to Expanded Restrictions
- NOVN SW : Novartis to Buy Back as Much as 10% of its Registered Shares
- NWO GY : New Work SE Says Stefan Winners Resigns as Chairman
- PTEC LN : Playtech Notes Recent Impact in Italy on Coronavirus Outbreak
- POS AV : PORR Full Year Earnings Before Income Taxes EU35 Mln
- PSM GY : ProSiebenSat.1 Deputy CEO Will Leave Company, Sueddeutsche Says
- RIEN SW : Rieter Full Year Dividend Per Share CHF4.50 Vs. CHF5 Y/y
- SAN SM : Santander UK to Hire Tony Prestedge as Deputy CEO: Sky
- SAS SS : SAS Says Two Employees Tested Positive for Coronavirus
- SWTQ SW : Schweiter Full Year Ebitda CHF126.5 Mln, +14% Y/y
- SENS SW : Sensirion Full Year Adjusted Ebitda Margin 12% Vs. 15.9% Y/y
- SY1 GY : Symrise Full Year Sales Match Estimates
- TMV GY : TeamViewer Among Top Internet Names in Volatile Market: RBC
- TXGN SW : TX Group AG Full Year Ebitda CHF196.8 Mln, -4.4% Y/y
- UN01 GY : Uniper Full Year Adjusted Ebit 2.8% Above Estimates
- VOW3 GY : VW Hit With $1OO,000 Punitive Damages in Diesel Cheating Trial
- ZURN SW : Zurich Airport Full Year Revenue Meets Estimates