The global stock rout extended Thursday, while the yen climbed and bond yields tumbled after President Donald Trump suspended travel from Europe and stopped short of offering a detailed U.S. economic-rescue package.
European equity futures tumbled more than 8% at one point, while Dow Jones Industrial and Nasdaq contracts slumped by the daily limit after Trump unveiled steps including lending aid for small businesses and asked Congress to pass undefined payroll-tax relief. Japanese stocks closed more than 4% lower despite a liquidity pledge from the Bank of Japan, while shares plunged deeper into a bear market in Australia. Treasury yields crumbled anew and Korea’s won led a slide in emerging-market currencies. Oil resumed declines.
US After Hours ZAGG -30.6% falls as it suspends its strategic review
Nikkei -3.53% Hang Seng -3.81% CSI -1.73% Shanghai -1.34% Shenzen -1.76%
Eur$ 1.1293 CNH 6.9844 CNY 6.9780 JPY 103.75 GBP 1.2810 CHF 0.9348 RUB 73.6949 TRY 6.2303 WTI$ 31.56 -4.24%
S&P -3.86% Nasdaq -4.02% EuroStoxx -6.08% FTSE -4.85% Dax -5.64% SMI -0.9%
Macro :
- Bernstein Upgrades U.S. Stocks, Cuts Europe on Virus Response
- PointState Hedge Fund Falls 9.5% This Year With February Loss
- Trump Says He’s Restricting Travel From Europe for 30 Days
- Italy Shuts Down All Non-Essential Services as Virus Toll Rises
- Denmark Is at Risk of Recession Due to Virus, Danske Bank Says
- *SWITZERLAND MAY SOON DECLARE STATE OF EMERGENCY, SRF REPORTS
Keep an eye on :
- AED BB : Aedifica to Join BEL20 Index, Replacing Ontex as of March 23
- AR4 GY : Aurelius Full Year Oper Ebitda EU168.9 Mln, +64% Y/y
- BSLN SW : Baloise Full Year Dividend Per Share CHF6.40 Vs. CHF6 Y/y
- BNB BB : Belgian Bank Supervisor Suspends Countercyclical Buffer
- BEN FP : Beneteau Says Coronavirus Impact ‘Marginal’ So Far
- BKG LN : Berkeley Sees Earnings in Line With Market Expectations
- BC IM : Brunello Cucinelli Full Year Ebitda EU106.1 Mln
- ALDEI FP : Deinove Passes Agir Milestone, Gets EU1.5m From Bpifrance
- DTY LN : Dignity’s Equity Value Effectively Worthless, Quest Says
- DNB NO : DNB Ends Share Buy-Back Program as AGM Approaches
- ECON BB : Econocom Sees EU150m Proceeds From Sale of Jade, Rayonnance, EBC
- EDPR PL : EDP Renovaveis Moves Shareholder Meeting to Oviedo From Madrid
- RF FP : Eurazeo SE Full Year Net Asset Value Per Share EU80.30
- FFARM NA : ForFarmers Full Year Adjusted Ebitda Beats Estimates
- GBLB BB : Parjointco Starts Public Exchange Offer for All Pargesa Shares
- JUVE IM : Juventus Says Player Rugani Tested Positive for Coronavirus
- LNZ AV : Lenzing Full Year Net Income 4.3% Below Estimates, Slashes Dividend, Expects 2020 Profit to Decline
- MBTN SW : Meyer Burger Full Year Sales 1.0% Above Estimates
- MDM FP : Maisons du Monde 2Q Rev. ‘Most Likely to Be Down’ on Coronavirus
- ONTEX BB : Aedifica to Join BEL20 Index, Replacing Ontex as of March 23
- ORA FP : Orange Is Said to Invite Initial Bids for French Fiber Project
- PARG SW : Parjointco Starts Public Exchange Offer for All Pargesa Shares
- RIO LN : Rio Directed to Pay Ex-CEO A$6.8 Million Withheld Amid Probes
- SAL IM : Salini Impregilo Full Year Adjusted Ebitda Meets Estimates
- SGL GY : SGL Carbon FY Recurring Ebit -25% Y/y
- SNH GY : Steinhoff Is Said to Delay Pepco Sale as Unit’s CEO Takes Leave
- SPOR SS : Sportamore Board Recommends Footway’s Offer
- TSLA US : Tesla Car Sales Estimate Cut 10% by Morgan Stanley on Virus Woes
- TRN LN : Trainline Says Performance is Ahead of Expectations
- TLW LN : Tullow Reports Loss After Taking $2b of Writeoffs, Impairments
- VIFN SW : Vifor Pharma Full Year Ebitda 2.7% Above Estimates
- VOW3 GY : VW’s Spain Unit Cuts Operations on Supply Shortage: Expansion
- SMWH LN : WH Smith Sees Earnings in Line With Market Expectations