Asian stocks climbed with U.S. and European futures amid tentative steps to restart the American economy and progress on the fight against the coronavirus. Traders looked past Chinese data showing its economy contracted for the first time in decades.
Shares saw strong gains across the region, while contracts on the S&P 500 jumped over 3%. Treasuries fell with the dollar. Earlier, President Donald Trump outlined plans for the reopening and investors assessed a report that Gilead Sciences Inc. is seeing improvements in coronavirus sufferers taking its drug. Oil fluctuated around $20 a barrel. Gold slipped, though the yen strengthened against the greenback.
In a volatile U.S. session Thursday, the S&P 500 closed higher and the Nasdaq 100 wiped out its losses for 2020. Shares of Boeing Co. surged after-hours after saying it will resume commercial plane production at a plant near Seattle next week.
US After Hours UBER +8% GILD +15% BCRX +24% CEQP +23% JWN +12% BA +9.8% LULU +4% AAPL +3% WAL -11.3% PTON -7.2%
Nikkei +2.99% Hang Seng +2.47% CSI +1.42% Shanghai +1.08% Shenzen +0.91%
Eur$ 1.0866 CNH 7.0812 CNY 7.0780 JPY 107.73 GBP 1.2491 CHF 0.9686 RUB 73.3863 TRY 6.9077 WTI$ 19.62 -1.26%
S&P +3.18% EuroStoxx +3.20% Dax +3.21% SMI+2.88%
Macro :
- Bullard: Possible Outcomes Facing Economy Include a Depression
- Inflows Resume for Bond Funds as Stocks’ Gains Cool, Citi Says
Keep an eye on :
- AF FP : Le Maire: Banks Could Participate in Bailing Out Air France-KLM
- AI FP : Air Liquide’s CryopAL Triples Output of Medical Oxygen Bottles
- BMW GY : BMW, Daimler Ride-Hailing Venture to Cut Jobs on Virus Crisis
- CABK SM : CaixaBank CEO, Management Waive 2020 Variable Remuneration
- FCA IM : Fiat Chrysler Schedules Mexico Restart, Delays SUVs: Auto News
- FHZN SW : Flughafen Zurich to Cancel Dividend for 2019
- HSBA LN : HSBC CEO Tasks New Virus Unit to Deal With Corporate Failures
- SDF GY : Intrepid Potash Cut Capex Guidance, Repaid $20m Sr Notes
- KBC BB : KBC Says 1Q FIFV Will Take Almost EU400m Hit
- OR FP : L’Oreal CEO Offers To Have 30% Salary Cut In 2020: Le Figaro
- LONN SW : Lonza First Quarter Sales CHF1.6 Bln
- MC FP : Luxury Goods Index Hits Session Low After LVMH, L’Oreal Updates
- MC FP : LVMH 1Q Fashion, Leather Goods Performance Resilient: Bernstein
- OR FP : L’Oreal Analyst Impressed With Active Cosmetics Strength
- MDM FP : Maisons Du Monde 1Q Sales Fall 13% as Stores Closed on Virus
- METN SW : *METALL ZUG REPORTS PURCHASE OF MAJORITY STAKE IN VRMAGIC PRESS
- NEXI IM : Banks to Place Up to EU125m Nexi Shares Alongside Notes: Terms
- NOKIA FH : Nokia Working With Bank to Defend From Takeover: TMT Finance
- ORA FP : Orange Cuts 2019 Dividend Citing ‘Exceptional Crisis’
- ORK NO : Orkla Prelim First Quarter Revenue NOK11.51 Bln
- PLT NO : poLight Offering Prices 727k Shares at NOK55/Share
- PRU LN : *THIRD POINT: PRUDENTIAL CONSIDERING JACKSON NATIONAL SEPARATION
- RCO FP : Covid-19 Pressures Remy Cointreau's Premium Brand Plan: React
- ROG SW : Roche Aims to Start Selling Covid-19 Antibody Test in Early May
- SFSN SW : SFS Group Cuts Dividend Proposal by 14% to CHF1.80/Shr
- UHR SW : Swatch Proposes 30% Cut to Dividend Amid Coronavirus Risk
- TGS NO : TGS Acquitted of Charges of Aiding, Abetting Tax Law Violations
- TSCO LN : Tesco Among Possible Bidders for Carluccio’s Sites: FT