U.S. and European stock futures advanced along with Asian equities as investors took some encouragement from signs of businesses reopening across major economies. Crude oil and commodity currencies advanced.
Futures on the S&P 500 climbed about 1% after the index rose on Friday, trimming a weekly loss. Stock indexes in Japan, Hong Kong and South Korea all saw modest gains, while Treasuries were flat. The Australian dollar advanced and oil began the week on a positive note on supply cutbacks. California’s economy is now 75% open, its governor said, while upstate New York is also set to reopen. Apple Inc. said nearly 100 of its stores have opened. Even so, the Federal Reserve has warned of potential asset-price declines if the pandemic worsens.
Nikkei +0.50% Hang Seng +0.29% CSI +0.62% Shanghai +0.61% Shenzen +0.25%
Eur$ 1.0820 CNH 7.1291 CNY 7.1086 JPY 107.16 GBP 1.2098 CHF 0.9716 RUB 73.1701 WTI$ 30.76 +4.52%
S&P +0.98% Nasdaq +0.89% EuroStoxx 1.56% FTSE +1.35% DAX +1.55% SMI +1%
Macro :
- European Bank Stocks Cheapest on Record Still Can’t Find Takers
- Fed Warning Rings Loud as Gloom-Laden Markets Limp Back for More
- EPP’s Weber Says EU Should Suspend Chinese Takeovers: Reuters
- France Outlook Revised to Negative by Fitch Amid Coronavirus
- Lagarde: ECB Will Do More If It Sees Stimulus Falling Short
- Saudi Wealth Fund Builds Stakes in Canadian Oil Sands Giants
- China Says U.S. Rules Targeting Huawei May Threaten Supply Chain
- Morgan Stanley Quants Say Stick to Quality in Asia for Dividends
Keep an eye on :
- AC FP : Accor SA: Accor announces additional €560m banking credit facility
- ADL GY : Adler Real Estate First Quarter FFO I EU19.1 Mln, -12% Y/y
- ADP FP : ADP Paris Airports April Traffic Falls 98.6%
- AIR FP : Emirates Weighs 30,000 Job Cuts, Speeding A380 Retirements (1)
- AMS SW ; AMS Sees Job Losses at Osram During Takeover Integration: SZ
- BSGR NA : B&S Group First Quarter Revenue EU415.4 Mln, -2.5% Y/y
- BT/A LN : Daily Mail says company denial it’s considering a sale of Openreach left open the possibility of selling a minority stake
- CPG LN : Compass Group Says No Decision on Capital Raise,Checking Options
- DAI GY : Mercedes Halting U.S. Plant Production Due to Mexico Parts Delay
- DTE GY : SoftBank in Talks to Sell T-Mobile Shrs to DT: DJ (Correct)
- DIS US : Third Point Adds Disney, Exits Campbell Soup, Cuts Baxter: 13F
- EKTAB SS : Elekta Wins $200m Order, Beating Sales Goal for Flagship System
- FCA IM : Fiat Seeks $6.8 Billion State-Backed Loan for Italy Operations
- FRE GY : Fresenius CEO Doesn’t Expect Large Losses Through Crisis: FAZ
- GYC GY : Grand City Properties 1Q Adjusted Ebitda EU74.0 Mln, +1.9% Y/y
- HEIA NA : Heineken to Buy Aje Group’s Peru Beer Business: Gestion
- ISP IM : Intesa CEO Says Slash Red Tape to Fuel Italy Rebound: Messaggero
- ISP IM : Intesa Defends UBI Bid in Letter to Italian Treasury: Repubblica
- INTU LN : Intu Loses Last Buy from AlphaValue as Recapitalization Looms
- JABHOL : JAB Holdings to Raise up to EU2B From JDE Listing: FT
- JCP US : J.C. Penney Files Bankruptcy After Years of Decline and Debt (1)
- MCRO LN : Micro Focus May Raise Equity to Address High Leverage: Dealrep
- NTG DC : NTG Nordic Ends Contract With Its Air & Ocean Division CEO
- PUB FP : Mountain Crest Acquisition Files for IPO
- RDI LN : Times cites speculation PE groups are considering a takeover
- RYA ID : Ryanair Sees Loss of Over EU200m in 1Q, Smaller Loss in 2Q
- SBBB SS : SBB’s CEO Says he Won’t Allow a Downgrade to Junk, DI Reports~
- SK FP : Seb Sa: Electrically-assisted bike: Groupe SEB becomes the exclusive industrial partner of Angell - the press
- SNI NO : Pirates Attacked Stolt-Nielsen Tanker Near Yemen: Sky
- SRCG SW : Sunrise Claims CHF350m in Damages From Swisscom
- SCMN SW : Sunrise Claims CHF350m in Damages From Swisscom
- 9984 JP : SoftBank May Speed up Alibaba Sale After Jack Ma's Exit: React
- SWEDA SS : Swedbank Waiting to Hear if U.S. Regulators Impose Fines: FT
- TKA GY : Thyssenkrupp in Talks Over Steel Business: Reuters
- TKWY NA : Uber May Be Able to Raise Grubhub Offer to 1.925 Uber Shares: DJ
- TLW LN : Africa Oil Says Tullow Declared Force Majeure on Kenyan Blocks
- UCG IM : UniCredit Provided Over EU500m in State Guaranteed Loans
- VOD LN : Vodafone to Help Chinese Device Maker Sell 5G Phones in Europe
- WDI GY : Wirecard Says Partner Al Alam Closing, Sees No Negative Impact