Asian stocks traded mixed while the dollar strengthened on Monday as investors prepared for a dour earnings season, while keeping an eye on tentative signs that coronavirus infection rates are decelerating in some countries.
Crude oil prices collapsed anew, with West Texas Intermediate crude plunging below $16 a barrel to the lowest level since 2001. The Bloomberg Dollar Spot Index recouped some of its declines from Friday, while Treasuries were largely flat. Australian and Japanese stocks saw the biggest declines among major Asia-Pacific markets, while Chinese and Korean indexes outperformed. U.S. equity futures erased earlier losses.
Nikkei -1.10% Hang Seng +0.04% CSI +0.09% Shanghai +0.18% Shenzen +0.48%
Eur$ 1.0876 CNH 7.0848 CNY 7.0783 JPY 107.87 GBP 1.2459 CHF 0.9688 RUB 74.6432 TRY 6.9396
S&P -0.41% EuroStoxx +0.98% FTSE +0.99% Dax +1.03% SMI +0.83%
Macro :
- A $1.2 Trillion Fund Says Skip Earnings Season, Buy U.S. Stocks
- Oil Drops to 21-Year Low With Storage Filling as Demand Shrivels
- Renaissance Says Quant Models Misfired During March Mayhem
- Guggenheim’s Minerd Sees Chance of S&P Falling as Low as 1,200
- Dutch Parties Seek More Protection From Foreign Takeovers: FD
- German New Virus Infections Increase by the Most in Seven Days
- Bond Traders Signal the Path to Reopening Will Be Long and Bumpy
- Goldman Sees Record U.S. Corporate Cash Spending Cuts This Year
Keep an eye on :
- ABN NA : ABN Amro Faced Repeated Internal Compliance Warnings: FD
- ADJ GY : ADO Offers EU11.71 a Share for Remaining 3.14% of Westgrund
- AF FP : KLM Decides Against Seeking a Higher Ceiling for CEO’s Bonus
- AMG NA : AMG Pulls 2020 Guidance
- BATS LN : ISS Recommends BAT Investors Oppose Pay Report at AGM
- BOL FP : Vivendi: Vivendi: good revenues for the first quarter of 2020 20 Apr 2020
- CEC GY : Ceconomy Prelim 2Q Adjusted Ebit Loss About EU131 Mln
- CSGN SW : Credit Suisse Boosts Employee Shares After Sharp Price Drop
- DIA IM : Diasorin CE Marked Serology Kit for Covid-19
- ENEL IM : Italy to Confirm Eni, Enel, Leonardo CEOs, Change Chairs: Ansa
- ENI IM : Italy to Confirm Eni, Enel, Leonardo CEOs, Change Chairs: Ansa
- EL FP : EssilorLuxottica Abandons Dividend Proposal Because of Virus
- EO FP : Faurecia First-Quarter Sales Drop 13.5% to EU3.74 Billion
- FEVR LN : Fevertree Says Make Drinks With Tonics, Not Quack Virus Cures
- FRA GY : Fraport Can Manage Protracted Crisis, Has Enough Liquidity : FAZ
- GLPG NA : Galapagos Offers Employees Rights to Buy 2.28M Shares
- GTT FP : GTT Sticks to FY Revenue, Ebitda, Dividend Targets
- RMS FP : Cartier, Hermes Replace Geneva Watch Fair With Online Event
- IDIA SW : Idorsia: Positive Results in First Daridorexant Phase 3 Study
- IMCD NA : IMCD First Quarter Operating Ebita EU70.9 Mln
- IDH LN : Immunodiagnostic Systems Says Performance is Below Expectations
- JYSK DC : Banks in Denmark Braced for Losses Outstripping Financial Crisis
- LGEN LN : Legal & General Considers Executive Pay Cuts, Sunday Times Says
- LHA GY : Austria Doesn’t Rule Out Stake in Lufthansa’s AUA: Der Standard
- TL5 SM : Mediaset Espana Investors Can Revoke Withdrawal Right to May 4
- NDA SS : Nordea Changes Fee Structure for Wealthiest Clients, Borsen Says
- NCLH US : Norwegian Cruise Hires Goldman for Possible Stake Sale: Rtrs
- NMG LN : M&G Hits Investors With Higher Fees for Funds Pummeled by Virus
- NOVN SW : Novartis, FDA Agree on Phase 3 Hydroxychloroquine Trial
- NOWI NO : Mowi Prelim First Quarter Ebit About EU107 Mln (1)
- PHIA NA : Philips 1Q Comparable Sales -2.3% Vs. +3.30% Q/q, Est. -1.26%
- SFR SW : *South Korea's Kospi Turns Lower as Korean Air, Related Stocks Fall; Down 0.7%
- TIETO FH : TietoEVRY in Position to Grab Market Share, Handelsbanken Says
- RWE GY : Coal Plants in Germany Set to Become Next Victim of Coronavirus
- RWE GY : RWE Hires Adviser for U.K. Offshore Wind Farm Sale: Telegraph
- SREN SW : Swiss Re Board Decides Share Buyback Program Won’t Be Launched
- SREN SW : Swiss Re Reports Group 2020 Swiss Solvency Test Ratio of 232%
- TIT IM : Telecom Italia to Request Loan of Up to $1.6 Billion: Messaggero
- VIV FP : Vivendi First Quarter Organic Revenue +4.4%
- ROSE SW : Zur Rose Pulls Proposal for Added Conditional Capital in AGM