Asian stocks fluctuated on light volumes Wednesday, and U.S. and European futures slipped, as investors scoured earnings reports for evidence of the impact of the coronavirus outbreak. The yen ticked higher.
Shares in Tokyo reversed earlier losses to edge higher, though volume was about 25% lower than average. Chinese and Hong Kong stocks were little changed, while Australian equities fell as a record slump in consumer confidence reminded investors of the impact of the pandemic on spending. The yuan dipped after China’s central bank eased policy further. Earnings from Goldman Sachs Group Inc. are up next, after Johnson & Johnson, JPMorgan Chase & Co. and Wells Fargo & Co. provided a mixed picture on Tuesday. Treasury yields and the dollar were steady.
US After Hours Airlines jumping on Treasury deal -- JBLU +12.6%, AAL +10.3%, HA +9%, DAL +8.3%
Nikkei -0.19% Hang Seng -0.32% CSI -0.35% Shanghai -0.20% Shenzen +0.09%
Eur$ 1.0974 CNH 7.0561 CNY 7.0529 JPY 107.03 GBP 1.2602 CHF 0.9610 RUB 72..8805 TRY 6.5219 WTI$ 20.43 +1.54%
S&P -0.60% Nasdaq -0.51% EuroStoxx -0.31% FTSE -0.23% Dax -0.03% SMI +0.13%
Macro :
- China Adds Liquidity, Trims Rates Ahead of Poor GDP Data
- Record Emerging Market Outflow Should Alarm Beijing: China Today
- Harvard Researchers Say Some Distancing May Be Needed Into 2022
- Trump Admin., Airlines Reach Agreement in Principle on Aid: DJ
- Worst-Case Fears of 20%-Plus U.S. Jobless Rate Are Now Realistic
- Buy Global Banks Ahead of Next Bull Run, Societe Generale Says
- Fed’s Bullard Says Economists Wrong to Doubt ‘V’ Rebound in U.S.
Keep an eye on :
- ADS GY : Adidas to Suspend Dividends After EU3b Loan from KfW and Banks
- AIRBNB IPO : Airbnb Set to Raise $1 Billion in Debt From Apollo, Owl Rock (1)
- AF FP : France to Give Support for Air France-KLM Within Days: Le Maire
- AKE FP : Billionaire Sawiris Boosts Stake in French Chemical Maker Arkema
- ASC BB : Ascencio Sees No Significant Change in Property Values March 31
- ASML NA : ASML Says 2Q Can Be ‘Really Good’ With Sales +50% Q/q
- CLASB SS : Clas Ohlson March Sales -17%
- CSGN SW : Credit Suisse Shareholders Should Reject Pay Report: Glass Lewis
- DLG GY : Adesto Says Sale to Dialog Will Go Ahead As Waiting Period Ends
- FRA GY : Fraport March Frankfurt Airport Passengers -62%
- GSK LN : J&J Hits 7-Week High; Sanofi, Glaxo Vaccine: N.A. Health Wrap
- GLEN LN : Zambia Moves to Revoke Glencore License Over Shaft Closures
- PIG FP : Haulotte Suspends 2020 Guidance on Coronavirus Crisis
- ITX SM : Inditex in Talks for up to EU2b of Credit Lines: Cinco Dias
- KLED SS : Kungsleden to Suspend Dividend
- KOA NO : Kongsberg Automotive ‘Medium Case’ 2020 Rev. Outlook EU877.9m
- MLM IM : MolMed Suspends Some Autologous Car-T Investments
- NMC LN : NMC Health Lenders Form Group to Lead Talks on $6.6 Billion Debt
- NHY NO : Hydro Reopening Some European Recyclers; 2,700 Workers Laid Off
- SBANK NO : Sbanken to Recommend Div Not Be Distributed at This Point
- SIX2 GY : Sixt Sees Operating Revenue, Pretax Profit ‘Normalizing’ in 2021
- STLN SW : Schmolz + Bickenbach Names Boening as CFO
- STAN LN : Standard Chartered Tells Staff Not to Use Zoom: Reuters
- SPCE/U US : Virgin Galactic Soars on Intact Growth Story: Morgan Stanley
- TOM2 NA : TomTom 1Q Cash And Cash Equivalents EU209.0 Mln, -2.3% Q/q
- UNA NA : CNBC: 'Coronavirus is not good news for Unilever' — CEO says 'pantry loading' is largely a US phenomenon https
- VOW3 GY : German Carmaker States Call for Cash Premiums to Spur Sales: FAZ
- FHZN SW : Zurich Airport March Passengers 890,134, -63% Y/y