Stocks in Asia rose along with U.S. and European equity futures on signs China may be planning to offer more support to the economy reeling from the virus-induced slowdown. Oil advanced.
A gauge of Chinese companies trading in Hong Kong rose about 1%, with China reported to be mulling options including cash injections and mergers for the nation’s airlines. The yen saw a modest drop, and equities rose in Japan and Australia. Treasuries held gains, and the yuan continued to trade weaker than 7, pointing to some enduring concerns. On Tuesday, Wall Street closed slightly lower; Apple Inc. ended off of its lows after its sales warning had triggered Asia’s sell-off yesterday.
US After Hours ENPH +11%, HLF +5.5%; on downside, GRPN -26%, SGMS -11%, AMED -10%
Nikkei +0.89% Hang Seng +0.40% CSI +0.09% Shanghai -0.10% Shenzen -0.04%
Eur$ 1.0798 CNH 7.0045 CNY 6.9995 JPY 110.04 GBP 1.2995 CHF 0.9831 RUB 63.8815 TRY 6.0694 WTI$ 52.48 +0.85%
S&P +0.26% EuroStoxx +0.50% FTSE +0.73% Dax +0.55% SMI +0.43%
Macro :
- Hong Kong Is Heading for First Back-to-Back Recessions on Record
- Chinese Companies Say They Can’t Afford to Pay Workers Now
- Some of China’s Top Suppliers Are Readying for a Virus Rebound
Keep an eye on :
- ACS SM : ACS Full Year Net Income 2.8% Below Estimates
- ADV GY : ADVA Optical Sees Supply Chain Shortages Affecting Profit
- ADP FP : Aeroports de Paris, AfDB Sign Accord to Expand Guinea Airport
- AED BB : Aedifica Boosts Full Year EPRA Profit Forecast, Meets Estimates
- AGS NA : Ageas Fourth Quarter Net Income Misses Estimates
- ALFEN NA : Alfen FY19 Rev. Up 41% to EU143.2m; Sees 2020 Rev. EU180m-EU200m
- ASRNL NA : ASR Nederland Full Year Operating Profit 1.0% Above Estimates
- ATO FP : Atos Sees 2020 Organic Revenue About +2%
- AUTP LN : Auto Trader Drops Amid Car Sector Slump on January Data
- CAP FP : Capgemini Agrees to Buy Sweden’s Advectas
- CCL LN : Norwegian Cruise Less Exposed to Virus Than Carnival: Berenberg
- CLN SW : *CLARIANT CHAIRMAN SAYS LOOKING FOR M&A IN CORE BUSINESS: FUW
- 1COV GY : Covestro Sees ‘Challenging’ 2020, FY Ebitda Drops 50%, Finds $216 Million in Extra Savings to Weather Slump
- CSGN SW : Credit Suisse Managing Director Dies in Skiing Accident at 46
- DTE GY : Deutsche Telekom Sees Profit Rising With U.S. Deal in Sight
- ZIL2 GY : ElringKlinger Prelim Fourth Quarter Sales EU419.9 Mln
- FUR NA : Fugro Full Year Adjusted Ebitda Beats Highest Estimate
- GAMA LN : Gamma Communications Offers to Buy Voztelecom
- GXI GY : Gerresheimer Full Year Adjusted Ebitda Beats Highest Estimate
- HLAG GY : Hapag-Lloyd Prelim Full Year Revenue Meets Estimates
- B4B GY : Sistema Unit to Provide Financing in Amount of up to EU263M
- MONY LN : Moneysupermarket.com Looking for Successor for CEO Lewis: Sky
- NEOEN FP : Neoen Full Year Revenue Misses Lowest Estimate
- OR FP : Coty’s Professional Beauty Unit Is Said to Draw Buyout Interest
- ALPIX FP : Pixium Vision: Issue of EU1.25M New Tranche From Esgo Agreement
- POM FP : Plastic Omnium Full Year Ebitda 3.5% Above Estimates
- RNO FP : Renault Cut to Junk, Capping Disastrous Year Without Ghosn
- ROG SW : Roche Says U.S. FDA Has Granted Priority Review for Tecentriq
- SANION SS : Saniona CFO Thomas Feldthus Will Leave the Company
- G24 GY : Scout24 Full Year Oper Ebitda Beats Estimates
- SUN SW : Sulzer Sees 2020 Adj. Ebita Margin ~10.2%-10.5% vs. 10% in 2019, Order Volume Hit by Coronavirus to Recover Later in Year
- TTK GY : Takkt Full Year Ebitda 1.8% Above Estimates
- O2D GY : Telefonica Deutschland FY Adj. Oibda Beats Est.
- UBI IM : Intesa-UBI Must Not Have Impact on Jobs, Patuanelli Says: Ansa
- UBSG SW : UBS Hires $6 Billion Wealth Management Team From Goldman Sachs
- VLAN SW : Valora Full Year Revenue Misses Lowest Estimate
- VOD LN : Vodafone Gains on Betaville Takeover Speculation
- VOZ LN : Gamma Communications Offers to Buy Voztelecom