Asian stocks climbed along with U.S. and European equity futures on Wednesday amid optimism that progress is being made in developing a defense against the coronavirus. The dollar retreated.
Shares in Japan, Hong Kong, South Korea and Australia gained and S&P 500 contracts rose as Moderna Inc.’s Covid-19 vaccine produced antibodies in all patients tested in an initial safety trial. Chinese shares underperformed. U.S. shares closed higher Tuesday in a volatile session, with banks mixed after JPMorgan Chase & Co. reported strong trading results, while Wells Fargo & Co. tumbled. Treasury yields rose.
The yen was steady after the Bank of Japan kept its main policy settings unchanged and warned risks to the economy were to the downside. Governor Haruhiko Kuroda will speak at a press briefing later Wednesday.
US After Hours MRNA +12.8% jumps after hours on positive vaccine news; SIRI +2.1% higher on share buyback
Nikkei +1.62% Hang Seng -0.06% CSI -0.09% Shanghai -0.49% Shenzen -0.40%
Eur$ 1.1380 -0.94% CNH 7.0054 CNY 7.0033 JPY 107.27 GBP 1.2569 CHF 0.9405 RUB 70.9326 WTI $ 40.51 +0.60%
S&P +0.77% Nasdaq +0.48% EuroStoxx +1.36% FTSE +1.10%% Dax +1.39% SMI +1.16%
Macro :
- Portugal to Keep Restrictions in 19 Parishes Through July 31
- Trump Ends Hong Kong’s Special Status With U.S. to Punish China
- Fed’s Bullard Sees Unemployment Rate Falling Substantially Lower
Keep an eye on :
- ANTO LN : Antofagasta Invokes Mediation in a Bid to Avert Strike in Chile
- AKBMME NO : Aker Biomarine Second Quarter Loss $9.07 Mln
- AKSO NO : Aker Solutions Second Quarter Adj Loss/Shr NOK0.23
- ASML NA : ASML Third Quarter Net Sales Forecast Beats Estimates (1)
- ATEA NO : Atea Sees Covid-19 Pandemic Accelerating Digitalization Trend
- ATL IM : Italy’s Conte Sets Ultimatum as Benettons Make New Proposal
- ATL IM : *ITALY SEEKS TO SETTLE AUTOSTRADE DISPUTE UNDER NEW PROPOSAL
- AXFO SS : Axfood Second Quarter Operating Profit SEK605 Mln
- BC IM : Brunello Cucinelli 1H Net Rev. EU205.50, Est. EU208.0M
- BYW6 GY : BayWa Unit to Introduce First Climate-Change Resistant Apple
- BOSN SW : Bossard Second Quarter Sales CHF180.5 Mln, -17% Y/y
- BRBY LN : Burberry to Cut Jobs in Revamp After Lockdown Causes Sales Fall
- CCIV/U US : Michael Klein Seeks to Raise $1 Billion For New Blank-Check Co. (SPAC)
- CLASB SS : Clas Ohlson June Sales +5%
- COPN SW : Cosmo Assigns Remimazolam License Pact to Acacia Pharma
- DHER GY : Delivery Hero Says It’s Open to a Deal With Rappi or Glovo
- DEH/U US : Blank-Check Company D8 Raises $300M in Upsized U.S. IPO: Terms (SPAC)
- DKSH SW : DKSH First Half Adjusted Operating Profit CHF111.3 Mln, -10% Y/y
- ELISA FH : Elisa Second Quarter Revenue 1.5% Above Estimates
- FB US : Facebook, Sony to Boost Output of Devices by Up to 50%: Nikkei
- FIF LN : Finsbury Food Says Performance is in Line With Market Views
- GALP PL : Galp: Unauthorized Derivatives Transactions Result in EU60m Loss
- SHBA SS : Handelsbanken’s Capital Buffer Soars While Credit Losses Decline
- INWI SS : Inwido Second Quarter Ebita SEK193 Mln, +3.2% Y/y
- MRNA US : Moderna Coronavirus Vaccine Shows Promise in Key Early Trial
- MOWI NO : Mowi Prelim Second Quarter Ebit About EU96 Mln
- KOG NO : Kongsberg Second Quarter Ebitda Beats Highest Estimate
- LYV US : Back-to-Normal Trade Gets Boost From Moderna Vaccine Trial --> +12% after hours
- MOR GY : MorphoSys’s Licensee Janssen Says U.S. FDA Approves Tremfya
- PNDXB SS : Pandox Second Quarter EPRA NAV/Shr SEK177.32 Vs. SEK173.83 Y/y
- PIRC IM : Pirelli CEO Proposes Nomination Angelos Papadimitriou as Co-CEO
- SEBA SS : SEB Second Quarter Net Income 1.7% Below Estimates
- SOLG LN : Cornerstone Rejects Unsolicited Bid by Solgold for Second Time
- STB NO : Storebrand Second Quarter Net Income Misses Estimates
- UHR SW : Swiss Comco Doesn’t Impose New Delivery Obligation on Swatch
- TEL2B SS : Tele2 2Q Adjusted Ebitda Below Estimates, Reinstates Guidance
- TEL NO : Telenor Grameenphone 2Q Ebitda Before Items Rises to NOK2.44B
- TKA AV : Telekom Austria Sees Full Year Revenue -2%
- TSCO LN : Reusable Container Service Loop Teams With Tesco to Enter U.K.
- TOM2 NA : TomTom Second Quarter Revenue 3.3% Above Estimates
- UBI IM : UBI Investor Fondazione CRC Says Intesa’s Bid Not Congruous
- ZO1 GY : Zooplus Boosts Full Year Ebitda Forecast