U.S. equity futures and Asian stocks retreated with Treasury yields as investors awaited details from the Trump administration on planned stimulus measures to counter the coronavirus impact.
S&P 500 futures fell as much as 3%, following a strong rebound on Wall Street after Monday’s plunge. President Donald Trump didn’t appear at a briefing on the outbreak after promising a day earlier he would announce a “major” economic package, leaving investors waiting. The yen advanced with Treasuries and gold, indicating a return of safe-haven appetite. Shares fell in Japan, Australia and South Korea, with more modest declines in Hong Kong and China. Oil edged higher, though trimmed earlier gains of as much as 5.8%.
US After Hours CLDR +11.6% gains on earnings/guidance while VSLR -11.4% falls on earnings
Nikkei -2.27% Hang Seng -0.55% CSI -0.97% Shanghai -0.55% Shenzen -0.91%
Eur$ 1.1354 CNH 6.9530 CNY 6.9483 JPY 104.43 CHF 0.9335 RUB 70.9460 TRY 6.1457 WTI$ 34.96 +1.75%
S&P -2.85% Nasdaq -2.70% EuroStoxx -0.28% FTSE -0.68% Dax -0.57% SMI -0.65% MIB +0.04%
Macro :
- Conte Calls on ECB to Do Whatever It Takes Against Virus
- Italy Is Discussing Stimulus Leeway of Up to EU16b: Officials
- White House Weighs Aid for Shale Companies Amid Rout, Post Says
- Goldman, JPMorgan Executives to Join White House Meeting Wednes.
- Cboe Seeks Go-Ahead to Double Position Limits on Biggest ETFs
- Trump Payroll Tax Cut Would Do Little to Ease Fallout From Virus
Keep an eye on :
- AC FP : Hilton Withdraws 1Q, FY Outlook in Response to Covid-19 Impact
- ADS GY : Adidas Estimates Coronavirus May Slice $1 Billion Off Revenue (5% ot Est. Rev)
- AF FP : Air France Suspends Flights to Italy March 14-April 3
- AGFB BB : Agfa-Gevaert Full Year Adjusted Ebit Matches Estimates
- AIR FP : AirAsia Group in Talks to Defer Plane Delivery on Virus Impact
- ALV GY : Pimco Adds Allianz Real Estate, Boosts Property Assets to $100b
- AMS SW : AMS Expects Gross Proceeds of About CHF1.75B From Rights Issue
- CS FP : AXA Splits Asset Manager to Create $156 Billion Alternatives Arm
- SPR GY :Axel Springer Sees 2020 Group Revenues at Prior Year’s Level
- BBY LN : Balfour Beatty Delays Share Buyback Announcement: Sky
- BBVA SM : BBVA to Hold AGM as Planned, Shareholders Can Vote Remotely
- BIM FP : BioMerieux Launches Diagnostic Test for Coronavirus
- BRAME NO : Brabank to Place 130m Shares at NOK0.50/Share
- ALCLS FP : Cellectis Gets U.S. Patent for Crispr-Edited Allogeneic T-Cells
- CRNOB SS : Cereno Scientific: FDA Grants Orphan Drug Designation for CS1
- CLASB SS : Clas Ohlson Feb. Sales +5%
- DBK GY : Deutsche Bank Sued by Shareholder Over ‘Recklessness’
- ERG IM : ERG 2020 Adjusted Ebitda Forecast Midpoint 1.6% Below Estimates
- GALP PL : Portugal’s Top Oil Firm Is Said to Prepare Gas Distributor Sale
- HNR1 GY : Hannover Re Full Year Dividend Per Share EU5.50
- INF LN : Informa to Delay or Cancel Events Over Coronavirus Concerns: FT
- INTRUM SS : Intrum Sees Cash Flow Delay in Italy From Country’s Lockdown
- KBX GY : Knorr-Bremse Fourth Quarter Ebitda Beats Estimates
- FOC SW : La Fonciere to Sell Up to 1.24m Shares at CHF88 in Rights Offer
- LXS GY : Lanxess 2020 Adjusted Ebitda Forecast Misses Estimates
- LOOK LN : Lookers to Delay Results After Possible Fraud Transactions
- PIRC IM : Pirelli to Slow Production in Plant on Virus Infected Worker
- MCP PL : Cofina Cancels Bid for Prisa’s Media Capital
- ROG SW : Roche Gets FDA Approval for CINtec Plus Cytology Test
- ROTH FP : Rothschild & Co Full Year Adjusted Net EU233 Mln, -23% Y/y
- SAN FP : Regeneron, Sanofi to Test Arthritis Drug as Coronavirus Treatment
- SFER IM : Salvatore Ferragamo Full Year Net Income Beats Highest Estimate
- SAN SM : Santander Sells Eu1.67b of Soured Loans to CPPIB
- SPIE FP : Spie Sees 2020 Ebita Margin At Least +6%
- SRAIL SW : Stadler Rail Wins Swiss Train Order Worth CHF148.5 Million
- STLN SW : Schmolz + Bickenbach FY Adjusted Ebitda EU51.2 Mln, -78% Y/y
- TEF SM : Telefónica to Raise Some Customers’ Data at No Extra Cost
- TIT IM : Telecom Italia Raises Cash Generation Target for 2020-2022
- TIT IM : Telecom Italia Restores Dividend as CEO Gubitosi Pushes Overhaul
- TLW LN : Kenya Disputes Tullow Oil’s $2 Billion Exploration Bill: Daily