U.S. futures fell with Asian stocks and bond yields after Apple Inc. said quarterly sales would miss forecasts, illustrating the blow to corporate earnings and economic growth from the deadly coronavirus.
Equity benchmarks in Tokyo, Seoul and Hong Kong saw declines of over 1%. Sydney and Shanghai saw more modest drops. Apple suppliers including TDK Corp. and Tokyo Electron Ltd. slumped after the iPhone maker warned on both production and sales disruptions due to the epidemic. Ten-year Treasury yields slumped as trading restarted following a U.S. holiday Monday. Australia’s dollar dropped after the central bank said it had discussed cutting interest rates two weeks ago.
Nikkei -1.40% Hang Seng -1.39% CSI -0.77% Shanghai -0.28% Shenzen +0.67%
Eur$ 1.0831 CNH 7.0035 CNY 7.0006 JPY 109.78 GBP 1.2988 CHF 0.9804 RUB 63.6093 TRY 6.0588 WTI$ 51.69 -0.69%
S&P -0.31% EuroStoxx -0.52% FTSE -0.61% Dax -0.58% SMI +0.23%
Macro :
- Top 1% Fund Bet on Tesla Stock Just Before the Big Bounce
- *EUROPEAN CAR SALES DROP 7.4% IN JANUARY AS NEW TAXES HIT DEMAND
Keep an eye on :
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- ALO FP : Le Maire to Discuss Alstom-Bombardier Deal With EU’s Vestager
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- CS FP : AXA-Affin Insurer Said to Draw Great Eastern, Generali Interest
- BSLN SW : Basilea Full Year Operating Loss Narrower Than Estimates
- BT/A LN : BT and Sky Launch Television Content-Sharing After Delay
- CFN PL : Cofina Says Offer Period for Capital Increase to Start Feb. 25
- DB1 GY : Deutsche Boerse Full Year Net Revenue Meets Estimates
- ENG SM : Enagas Full Year Net Income 2.6% Below Estimates
- ENI IM : Italian Government Leaning Toward Third Term for Eni CEO: Rtrs
- FGR FP : Eiffage, Johann Bunte Win EU1.5B German Highway Contract
- GALP PL : Galp Fourth Quarter Adjusted Net 4.2% Below Estimates
- HEI GY : Heidelbergcement Sees Positive 2020 Demand in Emerging Markets
- HOME SM : Neinor to Enter Home Rentals Business, Cinco Dias Reports
- HSBA LN : HSBC Takes $7.3 Billion Charge in Extensive Restructuring
- HSBA LN : *HSBC MAY CUT AS MANY AS 35,000 JOBS OVER 3 YEARS, QUINN SAYS
- ISP IM : Intesa Sanpaolo Launches Takeover for Smaller Rival UBI Banca
- KTCG AV : Kapsch in ‘Upheaval’ as Business Model Needs Revamp: CEO
- KENDR NA : Kendrion Fourth Quarter Revenue EU92.3 Mln, -9.4% Y/y
- PARRO FP : Parrot Wins Contract to Supply Swiss Army With Micro-Drones
- RNO FP : Nissan Shareholders Add New Directors as Business Plummets
- SHOT SS : Scandic Full Year Dividend Per Share Misses Estimates
- GLE FP : SocGen, Banque Postale Said to Vie for HSBC’s French Retail Arm
- SOON SW : Sonova Boosts Full Year Adj. Ebita Forecast
- STMN SW : Straumann Full Year Adjusted Ebitda Meets Estimates
- TEF SM : Telefonica Readies Management Salary Adjustment: Confidencial
- UPM FH : Moody’s Upgrades UPM-Kymmene to Baa1 With Stable Outlook