Investors continued to rotate into stocks more sensitive to economic growth Tuesday as they weighed renewed optimism about a Covid-19 vaccine against the coronavirus’s continued spread. The dollar extended a decline.
While most Asian benchmarks were little changed, energy and financial stocks pushed higher, and health care and communication shares lagged. U.S. futures retreated after the S&P 500 closed at an all-time high as Moderna Inc.’s vaccine was shown to be 94.5% effective. Stocks poised to benefit from a reopening, such as cruise lines and air carriers, were among the day’s best performers on Wall Street. European futures slid.
Elsewhere, Tesla Inc. shares jumped more than 10% in after-hours trading after an announcement that Elon Musk’s carmaker will join the S&P 500 Index on Dec. 21. Benchmark Treasury yields pushed back above 0.90%. Oil advanced above $41 a barrel. The pound ticked higher on optimism over a Brexit deal.
US After Hours TSLA +14% after being appointed to join the S&P 500; API -9% declines following earnings
Nikkei +0.42% Hang Seng -0.01% CSI -0.72% Shanghai -0.66% Shenzen -1.57%
Eur$ 1.1856 CNH 6.5623 CNY 6.5654 JPY 104.52 GBP 1.3212 CHF 0.9123 RUB 76.3312 TRY 7.74 WTI $41.60 +0.65%
S&P -0.41% Nasdaq +0.07% EuroStoxx -0.443% FTSE -0.36% Dax -0.45% SMI
Macro :
- Tesla to Join S&P 500 Next Month as Largest-Ever New Member
- England May Need Tough Virus Curbs After Lockdown, Adviser Says
Keep an eye on :
- ADP FP : Aeroports De Paris October Passenger Traffic -56.8%
- AIR FP : Delta Skirts Trump Tariffs by Sending Airbus Jets on World Tour
- AOWME NO : Aker Offshore Wind Offering Prices 66.7m Shares at NOK4.50/Share
- BBVA SM : BBVA Says It’s in Talks With Sabadell on Potential Takeover
- IAG LN : *IAG'S IBERIA OFFERS TO BUY AIR EUROPA FOR EU400M: CONFIDENCIAL
- BP/ LN : BP Plans 250 Layoffs in Chicago, Reuters Says
- CPINV BB : Care Property Buys Care Home Project in Murcia for About EU10.8m
- CGG FP : CGG Awarded Large Offshore Malaysia Contracts by PTTEP
- CPR IM : Ex-Campari CEO Fined for Tipping Off Friend on Grand Marnier
- DSY FP : Dassault Systemes Expects to Double Non-IFRS EPS by 2024
- DOV IM : DoValue Signs Servicing Agreement With Bain for EU650m of NPLs
- DUFN SW : Be Cautious in Travel Retail, RBC Says, Downgrading WH Smith
- EQNR NO : Equinor Sees Tighter Oil Market If Demand Returns Fully
- RF FP : Eurazeo Says Fundraising to Increase in 2020; 3Q NAV EU69.1/Shr
- ERF FP : Eurofins Says Ten-for-One Stock Split Approved by EGM
- G4S LN : Allied Universal Wins U.S. Antitrust Clearance for G4S Deal
- GREEN BB : Greenyard 1H Adj. Ebitda Cont Ops EU56.6M Vs. EU47.6M Y/y
- GSF NO : Grieg Seafood 3Q Ebit Loss NOK192M, Est. Loss NOK187.0M
- ILD FP : Iliad 3Q Revenue Matches Estimates
- SAN SM : Santander buys Wirecard’s core European business for €100m
- SDR LN : Schroders Sees ‘Once-in-a-Generation’ Opportunity in U.K. Firms
- SFSN SW : SFS Expects 2020 Sales, Ebit to Be Lower Than in Prior Year
- SKFB SS : SKF Says Danielson to Step Down as President, CEO During 2021
- SOP FP : Sopra Steria in Exclusive Talks to Buy Fidor Solutions
- TWEKA NA : TKH Sees FY Adjusted Net EU65M to EU69M, Saw EU63M to EU69M
- TSLA US : Tesla’s Joining the S&P 500 Can Help Supercharge Record Rally
- TRI FP : Trigano FY Current Operating Income Beats Estimates
- VK FP : Vallourec Mulls Converting Most Debt Into Capital: Les Echos
- VALN SW : Valora Offering Prices 440k Shares at CHF158/Share
- VOW GY : VW Preparing Lamborghini, Ducati for Possible Ownership Changes
- VOW GY : Bugatti’s Winkelmann to Lead Lamborghini Again: Automobilwoche
- WDI GY : Santander buys Wirecard’s core European business for €100m