The risk-off sentiment that’s crept back into global markets lingered Wednesday as Asian stocks traded mixed with U.S. and European equity futures following warnings on fragile economies and stubborn coronavirus case counts.
Treasuries held on to gains, while S&P 500 futures were flat after the index closed down about 2% on downbeat comments from regional Federal Reserve chiefs and cautionary remarks from the top U.S. infectious-disease official about an early reopening. European futures dropped. Shares fell in Sydney, rose in Seoul and Hong Kong and were little changed in Shanghai and Tokyo. The yen retained its overnight advance.
US After Hours GRUB -2.7% gives up some gains after hours; PGNY +16.3%, UNFI +3.8%, ALGT +2.5% up on earnings; VREX -11.9%, INFN -9.3%, EGHT -5.9% down on earnings
Nikkei -0.25% Hang Seng +0.24% CSI -0.09% Shanghai +0.01% Shenzen +0.39%
Eur$ 1.0850 CNH 7.1038 CNY 7.0912 JPY 107.14 GBP 1.2277 CHF 0.9695 RUB 73.4210 WTI$ 25.63 -0.58%
S&P -0.05% Nasdaq +0.05% EuroStoxx -1.67% FTSE -0.98% Dax -1.64% SMI
Macro :
- Europe Will Have Summer Tourist Season, EU’s Gentiloni Tells SZ
- Markets Are Calling Bluff on Renewed Trade War Risk: China Today
- U.K. Budget Deficit Seen at GBP337B This Year: Telegraph
- Italy Set to Lift Restriction on Meeting Friends: Repubblica
- MSCI Says 62 Additions and 93 Deletions From MSCI World Index
- Goldman Asset ‘Modestly’ Underweight Stocks on Valuation Risk
Keep an eye on :
- ABN NA : ABN AMRO First Quarter Loan-loss Provision EU1.11 Bln
- AGS BB : Ageas First Quarter Insurance Net EU113 Mln, -56% Y/y
- ALC SW : Alcon First Quarter Core EPS 45c
- AMBEA SS : Ambea 1Q Net Sales SEK2.81 Bln, +12% Y/y, Est. SEK2.85 Bln
- ARGX BB : Argenx Directors Authorize Issuing of Additional Shares
- CS FP : AXA, Nippon Life Eye Investment in IndusInd Bank: Mint
- BEKB BB : Bekaert First Quarter Revenue EU977 Mln, -11% Y/y
- BDRILL NO : Borr Gets Notice From NYSE Regarding Continued Listing Standard
- CBK GY : Commerzbank 1Q Loan-Loss Provision EU326m (1)
- DBAN GY : Deutsche Beteiligungs AG Second Quarter Loss EU76.5 Mln
- DBK GY : Deutsche Bank Resumes Staff Cuts as Bosses Forgo One Month’s Pay
- DWNI GY : Deutsche Wohnen 1Q Ebitda Declines 22.6% to EU155.9 Mln (1)
- ENGI FP : Engie Delays Acquisitions Amid Virus, Complicated Valuations
- EXO IM : Exor to Retain PartnerRe Amid Covea Refusal to Complete Purchase, Agnellis Refuse to Make Concessions on PartnerRe; Deal Collapses
- FGR FP : Eiffage First Quarter Sales EU3.75 Bln, -4.3% Y/y
- GLEN LN : Norway Wealth Fund Excludes Glencore, RWE, Sasol, Anglo American
- GWD GY : Godewind to Be Deleted, Sixt Leasing to Be Added to SDAX Index
- IBAB BB : Ion Beam Not Currently Able to Reliably Guide on FY20
- ISP IM : Italy Antitrust Regulator Starts Review of Intesa Bid for UBI
- DEC FP : JCDecaux First Quarter Adjusted Revenue -13.9%
- ILM1 GY : Medios to Place 600,000 Shares in Accelerated Bookbuild Offering
- JEN GY : Jenoptik First Quarter Revenue EU164.4 Mln
- KIN BB : Kinepolis First Quarter Change In Attendance -9.1%
- LEO GY : Leoni First Quarter Ebit Loss EU57 Mln, -54% Y/y
- MOWI NO : Mowi First Quarter Loss EU77.7 Mln Vs. Profit EU194 Mln Y/y
- MVV1 GY : MVV Energie First Half Adjusted Net EU95 Mln, +22% Y/y
- KN FP : Windhorst to Buy Illiquid Assets From H2O at Discount: FT
- NKT DC : NKT to Raise Capital, Keeps FY Outlook for Revenue, Ebitda
- NMC LN : NMC Health Administrators Are Said to Kick Off Asset Sales
- PBB GY : PBB Sees Stable Operating Performance for 2020 as 1Q Profit Down
- PST IM : Poste Italiane 1Q Revenue EU2.76 Bln, Est. EU2.70 Bln, to Review 2022 Plan in 4Q, Sees 2020 Hit by Lockdown
- PSM GY : Commerzbank says KKR investment encourages takeover speculation
- RNO FP : Nissan Said to Plan $2.8 Billion in Cost Cuts, Book Charges
- RET BB : Retail Estates Says Belgian Rent Arrears Are EU4.79m for April
- ROTH FP : Rothschild & Co First Quarter Revenue EU416.4 Mln, -6.2% Y/y
- RWE GY : Norway Wealth Fund Excludes Glencore, RWE, Sasol, Anglo American
- SFQ GY : SAF-Holland SE Sees Full Year Revenue -20% to -30%
- SAF FP : France’s Shareholding Agency APE Subscribes to Safran Bonds
- SAL IM : Salini Impregilo Says New Orders EU1.5b Year-to-Date
- SZG GY : Salzgitter First Quarter Loss After Tax EU43.7 Mln
- SFER IM : Salvatore Ferragamo First Quarter Loss EU41 Mln
- SHLF NO : Shelf Drilling First Quarter Loss $184.9 Mln
- LNSX GY : Godewind to Be Deleted, Sixt Leasing to Be Added to SDAX Index
- SIX2 GY : Sixt First Quarter Profit EU16.2 Mln
- GLE FP : SocGen Halts Loans to Asia Oil Trading Firms After Hin Leong Hit
- GLE FP : SGX Starts Probe into SocGen’s Singapore Air Short Product: BT
- SWON SW : SoftwareONE: Holders Sell 17.5m Shares at CHF20/Share
- TGS NO : TGS First Quarter Net Revenue $152 Mln
- TUI LN : TUI Prepares 8,000 Job Cuts as Tour Operator Ready for Summer
- UTDI GY : United Internet First Quarter Ebitda EU300.8 Mln, +0.4% Y/y
- VOLVB SS : Volvo Group Withdraws Ordinary Dividend Proposal After Criticism
- VOW GY : VW Slows Output at Largest Factory Amid Tepid European Demand