U.S. futures retreated along with Asian shares and the dollar climbed against major peers as investors gauged the danger of a second wave of coronavirus infections.
S&P 500 futures were down about 1.6%. Stocks in Hong Kong initially saw the bulk of selling, with losses also in Australia, Japan and South Korea. Declines were pared after key Chinese data showed some signs of economic improvement. More than 20 U.S. states are seeing a pick-up in cases, Tokyo reported a jump over the weekend and a fresh outbreak in Beijing prompted officials to close a market there. Second-wave concerns had pummeled shares on Thursday before a modest rebound Friday. Oil prices slid, and Treasuries rose.
Nikkei -1.98% Hang Seng -1.28% CSI -0.47% Shanghai -0.38% Shenzen +0.53%
Eur$ 1.1250 CNH 7.0876 CNY 7.0884 GBP 1.2490 CHF 0.9512 RUB 70.0315 WTI$ 34.76 -4.22%
S&P -2.91% Nasdaq -2.35% EuroStoxx -2.50% FTSE -2% Dax -2.64% SMI -1.45%
Macro :
- Pompeo Plans Meeting With Chinese Officials in Hawaii: Politico
- JPMorgan’s Kolanovic Drops Caution on Stocks, Says Buy the Dip
- Hedge Funds May See $100 Billion Redeemed in 2020, Barclays Says
- China ADR Bill May Pass House Without Changes, CTFN Says
- Fed’s Barkin Says U.S. Economy’s Return to Normal Will Be Slow
- Airline ETF Love Affair Is Finally Over After 70 Days of Inflows
Keep an eye on :
- ADM LN : Insurer Admiral Said to Consider Sale of Price Comparison Unit
- ALV GY : German Insurers Push For Public-Private Fund to Cover Pandemics
- AMS SW : AMS Purchase of Osram Obtains Russian Antitrust Approval
- AZN LN : AstraZeneca agrees to make COVID-19 vaccine for Europe
- T US : AT&T Mulls Warner Bros. Gaming Unit Sale for About $4B: CNBC
- BAVA DC : Bavarian Nordic to Manufacture More Ebola Vaccines for Janssen
- BPE IM : BPER Banca Approves Revised Intesa Deal: Reuters
- CPI LN : Capita to Cut at Least 200 Jobs Amid Coronavirus, Guardian Says
- XRF US : XRF US Rises 72%, Most Since May 6: Chinese U.S. Listings
- CINE LN : Cineplex: Cineworld Has No Legal Basis to Terminate Pact
- COLR BB : Colruyt Buys EU64m of Virya Energy’s Two-Year Convertibles
- CLIN LN : Advent Considered Offer for U.K.’s Clinigen, Sunday Times Says
- CBK GY : Commerzbank Rejects Cerberus Demand for Board Seats
- DAI GY : Daimler Ordered to Recall Another 170,000 Diesel Cars: DPA
- DBK GY : *DEUTSCHE BANK DOESN'T NEED CAPITAL INCREASE, LEWIS TELLS FAS
- CAP GY : Encavis to Issue 1.4m New Shares, Pay Cash Dividend of EU20.5m
- ENI IM : Var Energi Starts Life Extension of Balder Area in the North Sea
- FRA GY : Fraport Frankfurt Airport Passenger Count Declines 95.6% in May
- FRAS LN : Frasers Has Aggregate Exposure in Hugo Boss of About EU108m
- HMSO LN : Hammerson Preparing to Announce Rob Noel as Chairman, Sky Says
- BOSS GY : Frasers Has Aggregate Exposure in Hugo Boss of About EU108m
- IBE SM : AMLO Says Iberdrola Is a Monopoly in Mexico’s Power Sector
- KOA NO : Kongsberg Automotive Renegotiated Terms for RCF
- LOCAL FP : Solocal Studying Two Proposals After Covid-19 Hit, Le Monde Says
- LOCAL FP : Solocal Trading To Be Halted Pending Structure Change Approval
- MAS SM : Masmovil, Infrastructure Fund to Set Up JV for Building Units
- MDT US : Blackstone to Invest $337 Million in Medtronic Diabetes Tech
- NOVOB DC : Novo Nordisk Reports Phase 2 Trial Results of Insulin Icodec
- ORA FP : Orange Organic Growth Not Enough, Must Seize Opportunities: CEO
- OSR GY : AMS Purchase of Osram Obtains Russian Antitrust Approval
- UG FP : PSA to Drop Plan to Bring Polish Workers to France, AFP Reports
- QIA GY : Thermo Fisher May Have to Bump Up Qiagen Offer, UFP Says
- QIA GY : *QIAGEN CONTINUES TO BELIEVE TMO OFFER IS FULL, FAIR, ATTRACTIVE
- RNO FP : Nissan Email Trail Casts New Light on Takedown of Carlos Ghosn
- RR/ LN : Rolls-Royce Leads U.K. Nuclear Reactor Bid, Mail on Sunday Says
- SENS SW : Sensirion Sees Full Year Rev. CHF200 Mln to CHF240 Mln
- TELIA SS : Telia CEO to Focus on Operational, Financial Development: DI
- UAL US : DocuSign to Replace United Airlines in Nasdaq-100 Index
- UNA NA : Unilever’s New Climate Plan Puts Carbon Labels on 70,000 Product
- VRLA FP : Verallia to Cut About 130 Jobs at Six French Glass Plants