Asian stocks and European futures followed U.S. equities lower Friday as surging coronavirus cases fanned concern that tougher curbs may hamper the economic recovery without further stimulus. Treasuries extended gains.
Shares dipped in Hong Kong, Australia and China. Japan underperformed amid a record spike in infections. S&P 500 futures fluctuated after the benchmark fell 1% as New York prepared for the possibility of school closures and Chicagourged residents to stay at home. Benchmark 10-year Treasury yields dipped and the dollar was little changed. The yen advanced and oil fell.
Meanwhile, the stimulus saga continued, with the Trump administration stepping back from talks on a relief package and leaving it up to Congress to revive negotiations with House Speaker Nancy Pelosi, according to people familiar.
Trump also signed an order prohibiting U.S. investments in Chinese companies determined to be owned or controlled by the country’s military. Stocks including China Mobile Ltd. and China Telecom Corp. slid.
US after Hours CSCO +7.6%, DIS +3.3%, AMAT +1.9%, FTCH +16.8%; UROV +90.2% gets acquired
Nikkei -0.53@ Hang Seng -0.30% CSI -1.08% Shanghai -0.89% Shenzen -0.23%
Eur$ 1.1804 CNH 6.6247 CNY 606241 JPY 105.01 GBP 1.3146 CHF 0.9147 RUB 77.3893 TRY 7.6459 WTI440.46 -1.61%
S&P +0.10% Nasdaq +0.45% EuroStoxx -0.67% FTSE -0.87% Dax -0.61% SMI -0.29%
Macro :
- Trump Bans Investments in Firms Controlled By China’s Military
- Global Equity Inflows Surge Led by U.S. ETFs, Citi Says
Keep an eye on :
- AED BB : Aedifica July-Sept Gross Rental Income EU47.3M vs EU35.1M Y/Y
- AGFB BB : Agfa-Gevaert 3Q Adjusted Ebit EU0 Vs. EU13M Y/y
- AGS BB : Ageas 9M Net Income Misses Estimates
- AKERBP NO : Aker BP’s Aerfugl Phase 1 Project Starts Production
- ALO FP : Cummins to Open German Fuel-Cell Systems Plant to Serve Alstom
- ATE FP : Alten Buys SDG Group, No Terms
- ARYN SW : Aryzta Names Financial Advisers for Asset Disposals
- ATL IM : Benettons May Oust Edizione’s Chief After Genoa Probe: Corriere
- AAG GY : Aumann 9M Sales EU123.7M Vs. EU200.8M Y/y
- POST AV : Austrian Post 3Q Ebit Beats Estimates
- CTM SS : Catena Media Partly Repays EU100.5m FRN Due 03/22
- COFB BB : Cofinimmo to Spend EU20m on Medical Center Project in Finland
- COL SM : Inmobiliaria Colonial 9M Recurring Net EU112M Vs. EU104M Y/y
- DAI GY : Daimler, Beiqi to Invest $415.3M for Heavy Trucks in China: Rtrs
- DEQ GY : Deutsche Euroshop 9M Ebit EU118.1M Vs. EU146.9M Y/y
- DIC GY : DIC Asset Now Has Clean Sweep of Buys as Berenberg Upgrades
- EDF FP : EDF 9M Revenue EU48.85B Vs. EU50.96B Y/y
- ENGI FP : Engie Third-Quarter Profit Falls as Energy Prices Decline
- FCT IM : Fincantieri 9M Revenue EU3.53B
- INDV LN : Indivior to Pay $600M Total for Civil/Criminal Opioid Liability
- INGA NA : ING Says Payvision’s Entire Adult Industry Portfolio Was Closed
- MRL SM : Merlin Properties 9M Ebitda EU257.7M
- NWG LN : NatWest to Transfer Northern Irish Unit to Simplify Structure
- NDA SS : Cevian Commits to Nordea After Sampo Dumps $1.4 Billion Stake
- SZG GY : Salzgitter 9M Sales EU5.26B Vs. EU6.64B Y/y
- SAN FP : Sanofi Makes EU50m Investment in Jeito Capital
- SON PL : Portugal 5G Rules Are Setback for Sector Competitiveness: Sonae
- STM GY : Stabilus Sees 2021 Revenue EU850M to EU900M
- TC1 GY : Tele Columbus 3Q Ebitda EU55.1M Vs. EU57.1M Y/y
- TKA GY : Thyssenkrupp Could Change Course and Keep Uhde Unit: Reuters
- UNI IM : Unipol 9M Consolidated Net EU759M Vs. EU931M Y/y
- US IM : UnipolSai 9M Consolidated Net EU701M Vs. EU509M Y/y
- SEV FP : Ardian Watching Suez Scenarios, Hasn’t Decided on Any Price
- VOW3 GY : VW Won’t Flinch With Its Colossal Budget for Cutting-Edge Cars