U.S. and U.K. futures slid along with Japanese and Australian shares, and the dollar climbed, after sobering comments from Amazon and Apple about the impact of the coronavirus.
Amazon.com warned of a possible second-quarter loss, while Apple omitted an earnings forecast for the first time in more than a decade. While global stocks posted their best month since 2011 in April -- spurred by a slowdown in coronavirus infections and massive stimulus initiatives -- earnings announcements and economic data are serving a reminder of lasting pain.
The dollar halted a four-day slide and Treasuries recouped some recent losses amid the risk-off tone Friday. The yuan retreated. Trading was limited by holidays across much of the Asian region, and most of Europe will also be shut.
US After Hours Some tech names are down on earnings including AMZN -3.9%, WDC -10.6%, AAPL -2.4%; MTZ +10.5%, WK +6.3%, and TRUP +5.2% catch a bid on earnings
Nikkei -2.84% Hang Seng +0.28% CSI +1.18% Shanghai +1.33% Shenzen +1.88%
Eur$ 1.0965 CNH 7.1310 CNY 7.0632 JPY 107.09 GBP 1.2562 CHF 0.9636 RUB 74.7931 TRY 6.9894 WTI$19.30 +2.39%
S&P -1.77% Nasdaq -2.28% EuroStoxx -2.66% FTSE -1.75% Dax -2.38% SMI -2.07%
Macro :
- Einhorn’s Greenlight Hedge Funds Deepen Slump With April Decline
- USO Positions in Oil Futures Contracts to Roll Over 10 Days
- Senate Bill Would Require Consumer Consent for COVID Tracking
- Bill Gates Says Virus Vaccine Could Take as Little as 9 Months
- Junk-Bond ETFs Add Most Since 2015 on Fed’s Fallen-Angel Pledge
- SUVs Get Parked in the Ocean and Reveal Scope of U.S. Car Glut --> Auto Sector should continue to UnderPerf.
Keep an eye on :
- AIR FP : Airbus Shuns Bailout While Plumping for State Aid to Airlines
- ALV GY : Allianz Withdraws Targets Amid Pandemic as Net Income Slumps 30%
- BPOST BB : Bpost Misses Out on Belgian Mask Distribution Contract: De Tijd
- BAR BB : Barco AGM Approves EU2.65 Per Share Gross Dividend, Stock Split
- DAI GY : Daimler Restarts 5 German Plants After Production Suspension
- FCT IM : Navy to Pick Fincantieri in Potential $5.5 Billion Frigate Deal
- GAM SW : GAM Holding Reports Program to Buy Back Shares Over 3-Yr Period
- GRG LN : Greggs Postpones Planned Store Reopenings Next Week: Reuters
- HSX LN : FCA to Seek Legal Clarity on Business Interruption Insurance
- IAG LN : IAG Says Iberia, Vueling Sign Syndicated Financing Agreements
- INTU LN : Intu Properties Received 40% of Rents, Agreed Facility Waiver
- LONN SW : Moderna, Lonza Pact to Manufacture Moderna’s Virus Vaccine (1)
- LHA GY : *LUFTHANSA SAYS LIQUIDITY CURRENTLY STANDS AT MORE THAN EU4B
- LHA GY : Too Much Debt Would Paralyze Lufthansa for Years, CEO Says
- KN FP : Natixis Investors Told to Vote Down CEO Pay by Glass Lewis, ISS
- NOVN SW : Novartis Gets Positive CHMP Opinion for Enerzair Breezhaler
- RBS LN : RBS First Quarter Impairments GBP802 Mln Vs. GBP86 Mln Y/y
- RCO FP : Remy Cointreau Closes Purchase of Maison de Cognac J.R. Brillet
- RNO FP : SUVs Get Parked in the Sea and Reveal Scope of Auto Glut (1)
- RYA LN ; *RYANAIR SEES NET LOSS OF OVER EU100M IN 1Q; FURTHER LOSS IN 2Q
- SAN FP : Sanofi's Cablivi Gets Use Extension Recommendation in Europe
- TKWY NA : Just Eat Board to Be Simplified, Non-Exec Members to Step Down
- TIT IM : Elliott Cut Telecom Italia Stake, Voting Rights: Consob
- TUI LN : TUI Cancels Trips Through June 14, Expects Later Start of Season
- UCB BB ; UCB AGM Approves EU1.24 Per Share Gross Dividend
- VOW GY : Volkswagen Mexico Hopes to Restart Activities by May 18
- VOW GY : Volkswagen Says Lamborghini Prepares to Restart Production May 4