Stocks came under pressure in Asia and U.S. and European equity futures retreated after Japan reported two deaths from the coronavirus and cases in South Korea jumped, spurring concerns about the spread of the disease outside China.
Futures on the S&P 500 Index were down along with the offshore yuan after the Japanese report. The dollar rose against most Asian currencies, and held near the strongest against major counterparts since May 2017. Australia’s dollar reached its lowest against the greenback since the global financial crisis after a monthly jobs report underscored slack that may keep monetary policy easy. Treasuries edged up.
US After Hours STMP +32%, ZG +15% and MANT +10% are up big on earnings; TVTY -32% SAM -9%, OSUR -9% are heading lower on earnings
Nikkei +0.34% Hnag Seng -0.18% CSI +2.33% Shanghai +1.84% Shenzen +2.14%
Eur$ 1.0789 CNH 7.0245 CNY 7.0146 JPY 111.54 GBP 1.2903 CHF 0.9842 RUB 63.7155 TRY 6.0894 WTI$ 53.68 +0.73%
S&P -0.07% EuroStoxx -0.16% FTSE +0.05% Dax -0.10% SMI +0.05%
Macro :
- BofA Strategists Go All-In Behind Global Rally Built on Bad News
- U.S. Investor Bull-Bear Spread 11.9: AAII
- German March GfK Consumer Confidence +9.8; Est. +9.8 (Table)
Keep an eye on :
- AC FP : Accor Full Year Ebitda Meets Estimates, Accor CFO Says ‘Practically No Activity’ in China Hotels
- AIR FP : Airbus to Restructure Defense Unit, Cutting 7% of Workforce
- AF FP : Air France-KLM Warns of $216 Million Profit Hit From Coronavirus
- ALFEN NA : Infestos Cuts Alfen Stake to About 18.7% in Private Placement
- CS FP : AXA Profit Misses Estimates on Costs for CEO Buberl’s Revamp
- NOFI NO : Bank Norwegian Targets First Dividend as Profit Beats Estimates
- BAVA DC : Bavarian Nordic Full Year Revenue Beats Highest Estimate
- ATL IM : Benettons Reject Italy’s Latest Concession Offer: Repubblica
- BESI NA : BE Semiconductor Fourth Quarter Gross Margin Beats Estimates
- BFSA GY : Befesa Full Year Revenue Misses Lowest Estimate
- EN FP : Bouygues Telecom FY Free Cash Flow EU301m, Forecast EU300m
- CAI AV : CA Immo Sees Strong FY-Revaluation Gain of over EU450 Million
- CTM SS : Catena Media Sets New Financial Targets After Profit Warning
- CLN SW : Clariant Proposes Two Directors to Board as Nahas, Soave Resign
- CNP FP : CNP Assurances Full Year Ebit Beats Estimates
- ALCLS FP : Cellectis Rallies After Amended Collaboration Pact With Servier
- 1COV GY : Covestro Sees EU60M Hit to 1Q Profit from Coronavirus Impact
- DECB BB : Deceuninck Full Year Loss Per Share EU0.11 Vs. EPS EU0.11 Y/y
- DBK GY : Deutsche Bank Boosts Lending to Cash-Strapped Tycoons in India
- DLG GY : Dialog Semiconductor to Buy Adesto for $12.55/Share in Cash
- DUFN SW : Folli Follie Says Shares It Owns in Dufry Have Been Frozen
- EDPR PL : EDP Renovaveis Full Year Net Income EU475 Mln
- EKTAB SS : Elekta Third Quarter Operating Profit Beats Estimates
- ERA FP : Eramet Scraps 2019 Div., Mulls Disposals to Boost Fin. Structure
- EVS BB : EVS Broadcast 2020 Revenue Forecast Misses Estimates
- FIE GY : Fielmann Revenue in Line as Optician Sells 1.6% More Glasses
- FLS DC : FLSmidth Was Involved in Tunisian Corruption Case, Finans Says
- FME GY : Fresenius Medical FY Profit Stagnates, Confirms 2020 Goals
- FRE GY : Fresenius SE Full Year Adjusted Ebit 1.1% Above Estimates
- FPE GY : Fuchs Petrolub Prelim Full Year Profit After Tax Meets Estimates
- FUR NA : Fugro raises EU81.8m Through ABB of New Depository Receipts
- GAM SW : GAM Holding FY Underlying Pretax Profit CHF10.5 Mln
- GFC FP : Gecina Full Year Recurring Net Income Beats Highest Estimate
- HEIJM NA : Heijmans Says Outlook for 2020 Is at Comparable Level to 2019
- INH GY : Indus Holding Prelim Full Year Revenue Matches Estimates
- BAER SW : Julius Baer Admits Its Shortcomings in Fighting Money Laundering
- KIN BB : Kinepolis Full Year Revenue Beats Highest Estimate
- KRN GY : Krones Full Year Ebitda EU227.3 Mln, -26% Y/y
- LEAS BB : Leasinvest 2020 Dividend Per Share View Misses Lowest Est.
- FII FP : LISI Full Year Ebit Beats Highest Estimate
- MTU GY : MTU Aero Financial Plans for 2020 Depend on Coronavirus Impact
- KN FP : Natixis CIB Names Kallala Global Head of Global Markets
- NEX FP : Nexans 2020 Ebitda Forecast Midpoint Meets Estimates
- NDA SS : Nordea Board Seeks Approval to Buy Back Max. 5.56% of Shares
- NN NA : Elliott Takes Stake in Dutch Insurer NN and Pushes for Change
- PFV GY : Pfeiffer Vacuum Full Year Sales Meet Estimates
- RECIB SS : Recipharm Fourth Quarter Adjusted Ebitda Beats Highest Estimate
- RNO FP : Ghosn Probe in France Intensifies With Focus on Oman, Versailles
- RNO FP : Renault Gets Street-Low Price Target at Citi on Cash Concerns
- SU FP : Schneider Sees 2020 Adjusted Ebita Margin 16% To 16.3%
- SRAIL SW : Friedrich Merz Steps Down From Stadler Rail Board: WiWo
- SIVE SS : Sivers IMA Holding Offering Prices 5.96m Shares at SEK9/Share
- SREN SW : Swiss Re Full Year Combined Ratio Misses Lowest Estimate
- TEF SM : Telefonica Fourth Quarter Oibda Misses Lowest Estimate
- TEN IM : Tenaris Fourth Quarter Net Sales 1.1% Below Estimates
- TRN IM : Terna Full Year Revenue Meets Estimates
- TOM NO : TOMRA Systems ASA Fourth Quarter Revenue 1.2% Above Estimates
- FP FP : Fresenius Medical FY Profit Stagnates, Confirms 2020 Goals
- UBI IM : UBI Shareholders Group to Meet Thursday on Intesa Bid: Ansa
- UBSG SW : UBS to Name ING’s Ralph Hamers as Next CEO: FT
- UCB BB : UCB 2020 Revenue Forecast 1.7% Below Estimates
- UQA AV : Uniqa Full Year Pretax Profit 2.1% Above Estimates
- VK FP : Vallourec Names Guinotte CEO, Reappoints Mallet as CFO
- VK FP : Vallourec to Launch Rights Issue of About EU800m in 2Q Rights Issue Helps Vallourec Kick Debt Can Down the Road: React