Asian stocks rebounded from their biggest decline since March and U.S. futures climbed after news about U.S. monetary and fiscal stimulus plans bucked up investor sentiment in face of worries over a second wave of the coronavirus.
S&P 500 futures spiked to session highs on news the Trump administration is considering $1 trillion in infrastructure spending. The index Monday erased losses and closed higher after the Federal Reserve detailed plans to buyindividual corporate bonds, underscoring its role as a backstop. The MSCI Asia Pacific Index climbed over 3%, while the dollar slumped and Treasuries dropped.
US After Hours WW +9.7% up sharply on positive sub data; LEN -1.2% down on earnings
Nikkei +4.74% Hang Seng +2.98% CSI +1.11% Shanghai +1.05% Shenzen +1.20%
Eur$ 1.1350 CNH 7.0632 CNY 7.0698 JPY 107.46 GBP 1.2685 CHF 0.9488 RUB 69.3860 WTI$ 37.15 +0.16%
S&P +1.54% Nasdaq +1.33% EuroStoxx +3.06% FTSE +2.58% Dax +3.20% SMI
Macro :
- Trump Team Weighs $1 Trillion for Infrastructure to Spur Economy
- U.K. and EU See Brexit Deal a Step Closer After Johnson Summit
- Fed Will Begin Buying Broad Portfolio of Corporate Bonds (3)
Keep an eye on :
- ADP FP : Paris Airports May Passenger Traffic Falls 97.8%: ADP
- AF FP : Air France to Reduce Non-Profitable Domestic Services: Les Echos
- ALFEN NA : Alfen Orders Below EU29 Risk Missing Out: Terms
- AMS SW : AMS Is Said to Signal Potential Sale of Osram Automotive Unit
- IAG LN : British Airways Hits Back After Scathing Parliament Report
- CBK GY : Cerberus Preparing Next Steps in Commerzbank Strategy Dispute
- ACA FP : Credit Agricole CEO Says State Measures to Contain Default Risk
- DTE GY : SoftBank Exploring Transactions With T-Mobile Shares
- ENEL IM : *MACQUARIE MAY HAVE MADE OFFER FOR 50% OF OPEN FIBER: REPUBBLICA
- HSBA LN : HSBC's 35,000 Headcount Question, Profitability and China Risks
- ICP LN : ICG Hires Lazard to Sell Restaurant Chain Courtepaille: Echos
- LIFEB SS : LifeAssays Offering Prices 6.5m Shares at SEK0.60/Share
- LHA GY : Lufthansa Sees Half of Expected 22,000 Job Cuts in Germany
- NEL NO : NEL Offering Prices 70.5m Shares at NOK18.45/Share
- NOS PL : Sonaecom Says ZOPT Allowed to Exercise 26% Voting Rights in NOS
- ORA FP :French Telcos Invested EU10.4b in 2019, Up EU500m: Arcep
- ORSTED DC : Orsted CEO Henrik Poulsen Resigns; to Step Down by January 2021
- REP SM : Spain’s Repsol Working on Plant to Make Hydrogen-Based Fuel
- SINCH SS : Sinch to Offer Up to SEK700m Shrs
- VER AV : Verbund Offers to Buy 51% Stake in Gas Connect Austria
- SAS SS : Norway in Talks Over SAS With Equity Stake an Option, DN Says
- SINCH SS : Sinch Offering Prices 1.05m Shares at SEK665/Share
- SW FP : Sodexo CEO Doesn’t See Virus Crisis as Under Control in U.S.
- SRCG SW : Sunrise to Request Release of Security For ‘18 CHF Secured Notes
- TIT IM : *MACQUARIE MAY HAVE MADE OFFER FOR 50% OF OPEN FIBER: REPUBBLICA
- UMI BB : Umicore to Offer EU500m 5-Year Zero-Coupon Convertible Bonds, Umicore 2025 Convertible Bonds Initial Conversion Price EU55.32
- VNA GY : Vonovia Constantly Evaluates M&A Options, CEO Tells Handelsblatt
- VONN SW : Vontobel Says Thomas Heinzl to Succeed Sieg Castagnola as CFO
- VMUK LN : AQR Reduces Short Position in Virgin Money UK to 1.49%
- ZAL GY : Zalando Holder Kinnevik to Offer 10.6m Shrs, Zalando Share Sale by Kinnevik Raises Gross Proceeds of EU645m