Losses picked up in U.S. stock index futures as worries on second wave of coronavirus infections grow and investors weigh the Federal Reserve’s comment that the path to economic recovery will be a long one.
June contracts on the S&P 500 fell 1.4% as of 1:55 p.m. in Hong Kong, extending earlier declines. Those on Dow Jones Industrial Average dropped 1.8%.
Coronavirus cases reached 2 million in the U.S., according to data from the John Hopkins University. That’s after Texas recorded 2,504 new cases, the highest one-day total since the pandemic emerged, according to state health department figures.
“The jump in Texas virus headcount so soon after reopening has likely turned focus to the disconnect between bullish asset prices vs the dismal state of economy,” said Stephen Innes, chief global markets strategist at AxiCorp. “But jump in case counts even if it proves to be a temporary spike illustrates just how jittery the market is.”
US After Hours GRUB finalizes deal to be acquired by TKAYY; OXM -10.1% falls on earnings; HTZ -14% extends weakness after the close
Nikkei -2.29% Hang Seng -1.46% CSI -0.79% Shanghai -0.41% Shenzen -0.13%
Eur$ 1.1338 CNH 7.0695 CNY 7.0732 JPY 107.19 GBP 1.2668 CHF 0.9456 RUB 68.92 WTI$ 38.18 -3.59%
S&P -1.43% Nasdaq -0.84% EuroStoxx -2.35% FTSE -1.87% Dax -2.26% SMI -2%
Macro :
- U.S. Investor Bull-Bear Spread -3.77: AAII
- Brexit Impasse Worsens as EU Resists Amending Barnier Mandate
- Conte Says Can’t Rule Out Further Deficit in Short Term
Keep an eye on :
- AIR FP : Singapore to Conduct Coastal 5G Network Trials With Airbus
- AF FP : French Island Airlines Demand State Aid Package Like Air France
- ARJO SS : Arjo Sees Significantly Better 2Q Operating Profit Than Expected
- AD NA : Ahold Delhaize: Stop & Shop, King Kullen Terminate Purchase
- BURE SS : Bure to Offer Shares via SEB
- COFB BB : Cofinimmo Offering by Holder Prices 526k Shares at EU121/Share
- CON GY : Continental Will Focus Cost Cuts on Western Europe, CEO Says
- DTE GY : T-Mobile Looking at Options If It Can’t Sell Boost to Dish: FBN
- FNG BB : FNG Reports FY Net Loss EU292.1m as Net Debt Climbs to EU405.8m
- G IM : Generali Is Said to Explore Options for Swiss Insurance Business
- GVNV NA : GrandVision Deal On Track, But Bigger Milestones Loom: React
- IMPN SW : Ina Invest: 59.2% of Rights Have Been Exercised in Offering
- KAHOOTME NO : Kahoot! Offering Prices 24m Shares at NOK35.50/Share
- LHA GY : Lufthansa Says Has up to 26,000 Surplus Employees: Reuters
- MC FP : LVMH-Backed Fund Sees More U.S. Job Growth Coming in June
- MC FP : Sephora Pledges to Devote More Shelf Space to Black Businesses
- MCOVB SS : Medicover to Offer Up to 15m Shares via SEB, Medicover Offering Prices at SEK100/Share
- MITRA BB : Mithra Signs Tibelia Swiss Marketing Pact with Stada’s Spirig
- NKLA US : Nikola in Talks With Automakers on Truck Production JV: Rtrs
- NOKIA FH : Nokia Names Wartsila’s Marco Wiren as CFO, Pullola Steps Down
- NOKIA FH : Nokia Continues C-Suite Overhaul With 5G Fortunes at Stake
- NYR BB : Nyrstar Directors Propose Postponing Voting on Dissolution
- OCDO LN : Ocado Group Offering Shares, Convertible Bonds Worth GBP1b
- PDX SS : Paradox Interactive Holders to Offer Shares
- UG FP : PSA and Fiat-Chrysler Face Full-Scale Antitrust Probe: FT
- PFD LN : Speculation that Premier Foods may sell its 49% stake in Hovis, following a report that the majority owner is seeking a buyer
- SIP BB : Sipef Sees Return to ‘Modest’ Profit as Production Goal Affirmed
- SOI FP : Soitec Cuts Outlook for FY2022 Sales, Cites Coronavirus Pandemic
- TKWY NA : Just Eat Takeaway to Buy Grubhub in All-Stock Deal (1)
- TEF SM : Google, Telefonica Join to Offer Cloud to Pandemic-Hit Clients
- UBSG SW ; UBS Commits to Create 300 Jobs in Singapore, Straits Times Says
- URW NA : Goldman Sachs Lifts Unibail-Rodamco-Westfield Stake to 10%: AMF