Asian stocks rose Tuesday, spurred by a surge on Wall Street, on optimism economies may recover faster following early results for an experimental vaccine. Treasury yields dipped from five-week highs.
Equities advanced more than 1% across the region, with Tokyo, Sydney and Hong Kong outperforming, though the magnitude was less than in the U.S. Contracts on the S&P 500 fluctuated after a report that Nasdaq would tighten IPO rules, affecting some Chinese companies. Monday, the U.S. benchmark jumped the most in almost six weeks after Moderna Inc. said its vaccine tests yielded signs it can create an immune-system response in the body. Oil rose for a fourth day and stayed above $30 a barrel, though it trimmed an earlier gain.
US After Hours BIDU +8.1% up nicely on earnings; DVAX +33.7% up on COVID news; several stocks lower on stock offerings: MRNA -3.2%, CVNA -4.2%, GOSS -11.5%
Nikkei +1.78% Hang Seng +1.78% CSI +0.68% Shanghai +0.60.% Shenzen +0.86%
Eur$ 1.0920 CNH 7.1237 CNY 7.1106 JPY 107.41 GBP 1.2213 CHF 0.9723 RUB 72.6950 WTI$ (Jul) 31.87 +0.66%
S&P +0.04% Nasdaq +0.17% EuroStoxx +0.24% FTSE +0.20% Dax +0.24% SMI +0.42%
Macro :
- Merkel Offers Breakthrough Deal to Shield EU From Virus Fallout
- *EUROPE CAR SALES DROP RECORD 78% IN APRIL AS DEMAND EVAPORATES
Keep an eye on :
- ANA SM : Acciona Arranges Euro Commercial Paper Program for Up to EU1B
- ADKO AV : Addiko First Quarter Pretax Loss EU1.2 Mln, Est. EU0
- ANTO LN : Antofagasta Proposes to Cut 2019 Final Dividend by 16.3 Cents
- ATL IM : Atlantia Is Said to Restart Sale of Stake in Toll-Payment Unit
- AF FP : Air France to Gradually Resume Flights to 15% Capacity End-June
- BNP FP : BNP Paribas Lends Morocco $210m for Defense Deal: Decree
- CCL LN : Carnival Cut to Junk by Moody’s as Operations Remain Suspended
- COTN SW : *VERAISON VOTING RIGHTS IN COMET FALL TO 4.94% FROM 9.99%: SIX
- CSGN SW : *CREDIT SUISSE FILES MIXED-SECURITIES SHELF
- DMP GY : Dermapharm First Quarter Adjusted Ebitda EU49.4 Mln, +13% Y/y
- DTE GY : SoftBank Plans to Seek Buyers for About $20 Billion of its T-Mobile Shares
- EQNR NO : Equinor Issues EUR1.75b and $1.5b in Debt Capital Markets
- RF FP : Eurazeo SE First Quarter Net Asset Value Per Share EU78.40
- ERF FP : Eurofins Scientific to Offer 900k Shrs, Eurofins Raises EU535M in Shr Issue W/ Institutional Investors
- FLU AV : Flughafen Wien First Quarter Net Income EU15.6 Mln
- FKRAFT NO : Fjordkraft Offering by Holder Prices 15.5m Shares at NOK77/Share
- GEST SM : Gestamp First Quarter Net Income EU14 Mln, -66% Y/y
- GLEN LN : Zambia Rejects Glencore Copper Mine Closure Plan Again
- HBH GY : Hornbach Sees FY 2020/21 1Q Sales, Adj FY Exceeding Prior Yr’s
- INW IM : *TELECOM ITALIA IS SAID TO DISCUSS SALE OF 16% OF INWIT TO FUNDS
- IPN FP : Ipsen Says Cabometyx Extends Cancer Survival in New Analysis
- BAER SW : Julius Baer Assets Under Management CHF392 Bln, -8.2% Y/y
- KWS GY : KWS Saat SE & Co KGaA Forecasts Net Sales
- LEHM SW : Lem Full Year Dividend Per Share CHF40 Vs. CHF42 Y/y
- LLOY LN : Lloyds Prepares for Investor Backlash Over Bosses’ Pay: Sky
- LHA GY : Lufthansa Stake Not a Must for Austria for Aid, Die Presse Says
- MEL SM : *MELIA CANCELS DIVIDEND DUE TO CORONAVIRUS
- KN FP : Natixis Won’t Back Shale Oil & Gas; Sets Coal Withdrawal Targets
- NESN SW : Nestle to Seek Brazilian Arabica Coffee Tuesday (1)
- NIBC NA : NIBC Holding Commits to Pay Dividend Before Settlement
- NN NA : NN Sees IFRS Op. Pretax to Fall by EU30m/Year on Longevity Deals
- NOVN SW : Novartis Treatment Granted Orphan Drug Status by FDA
- NOVN SW : Novartis’s Avexis Gets EU Conditional Approval for Zolgensma
- OHL SM : OHL Gets Loan of as Much as EU140M, May Issue Bonds
- ROG SW : FDA Approves Roche’s Tecentriq for Non-Small Cell Lung Cancer
- SALM NO : Salmar First Quarter Operating Ebit NOK1.07 Bln, +32% Y/y
- SSO NO : Scatec Solar Share Sale Books Covered: Terms
- SIM DC : Simcorp Sees Increased Uncertainty as It Issues New FY Guidance
- SKFB SS : Bearing Maker SKF Lays Off 300 White-Collar Employees in Sweden
- SON PL : Sonae, Sonae MC Retail Unit Complete Two Refinancing Operations
- SOON SW : Sonova Full Year Sales CHF2.92 Bln, Est. CHF2.91 Bln
- SSE LN : Ovo Plans 2,600 Redundancies as Covid-19 Speeds SSE Integration
- SRCG SW : Salt, Sunrise in Pact to Deliver Fiber Based Broadband Services
- TELIA SS : Telia Gets Approval for Licensing OTT Rights to Discovery
- TKA GY : Thyssenkrupp Weighs Steel, Marine Sale in Historic Overhaul
- TIT IM : Telecom Italia Said to Discuss $1.6 Billion Inwit Stake Sale
- TUI LN ; TUI Mulls Selling or Discontinuing Loss-Making Units: FAZ
- WDI GY : German Watchdog Opened Probe Into Wirecard Last Year: FT