Global stocks began the week in mixed fashion as investors braced for a ramp up in earnings reports and as the coronavirus continued to spread. The dollar pushed higher with Treasuries.
Shares slipped in Australia and South Korea, and were flat in Japan and Hong Kong on below-average volumes. U.S. futures retreated and European contracts were little changed. Chinese stocks outperformed, with gains of more than 2.5%. The euro edged up as European Union leaders continued efforts to reach an agreement on a recovery package, with talks due to resume Monday afternoon. U.S. stocks had closed higher Friday, rounding out a third week of gains. The yen slid with the pound and Swiss franc. Crude oil declined.
Nikkei -0.01% Hang Seng +0.20% CSI +2.50% Shanghai +2.59% Shenzen +2.02%
Eur$1.1451 CNH 6.9867 CNY 6.9883 JPY 107.28 GBP 1.2537 CHF 0.9393 RUB 71.9544 WTI$ 40.37 -0.54%
S&P -0.34% NAsdaq -0.37% EuroStoxx +0.09% FTSE +0.11% Dax +0.06% SMI -0.16%
Macro :
- Options Traders Bet on Tighter Trading Ranges as Earnings Loom
- Fed May Adopt Yield-Curve Caps, Ex-Chairs Bernanke, Yellen Say
- Strategists’ S&P 500 Index Estimates for Year-End 2020
- EU Holdouts Ready to Accept 390 Billion Euros in Grants for Fund
- China Hedge Fund Tapping Quant Demand Eyes $1 Billion in Assets
Keep an eye on :
- AED BB : Aedifica to Spend EU11.5m on Care Residence Project for Korian
- AIR FP : Airbus Wins $628 Million Contract for U.K. Military Satellite
- AIR FP : Lufthansa’s Debt Priorities Mean Taking Fewer Airbus Planes
- ANTO LN : Antofagasta Invokes Mediation to Avert Strike in Chile Mine
- ARYN SW : Aryzta to Review Unsolicited Acquisition Interest Ahead of EGM
- AST IM : Astaldi Says Court Validates Creditor Protection Agreement
- BA US : Boeing Faces Financial Drag From Dozens of Undelivered 787 Jets
- BP/ LN : BP Gets Approval to Drill at Ironbark Prospect Offshore WA
- BPE IM : Intesa Raises Offer for UBI by Adding Up to $746 Million Cash
- CTM SS : Catena Media Sees Profit Jump With Casino Unit’s Record Revenue
- CCX/U US : Topgolf Said In Talks to Go Public Via Churchill Capital Merger
- COTN SW : Comet 1H Prelim Ebitda Margin, Sales Rise y/y; Names New CFO
- DBK GY : Deutsche Bank Uses Client-facing AI to Create Financial Reports
- EL FP : EssilorLuxottica Starts Legal Action for GrandVision Information
- ENEL IM : Enel 1H Production Generated From Owned Assets 97,608 GWh
- ALNRG FP : Energisme Says IPO 3.45 Times Oversubscribed, Raises EU7.99m
- FB US : Facebook’s Top Advertiser Disney Cuts Ad Spending, WSJ Says
- FB US : FTC Considering Deposing Top Facebook Officials in Antitrust Probe
- GG IM : Giglio Group Exploring Bid for Brooks Brothers, DJ Reports
- GVNV NA : EssilorLuxottica Starts Legal Action for GrandVision Information
- ISP IM : Intesa Raises Offer for UBI by Adding Up to $746 Million Cash
- BAER SW : Julius Baer Assets Under Management Meets Estimates
- KORI FP : Aedifica to Spend EU11.5m on Care Residence Project for Korian
- LAMDA GA : Lamda Development Raises 320 Million Euros From Bond Issue
- MKS LN : Marks & Spencer to Announce Job Cuts This Week, Sky Reports
- LHA GY : Lufthansa’s Debt Priorities Mean Taking Fewer Airbus Planes
- KN FP : BPCE Says No Plan To Make Offer For Natixis Shares (1)
- NEX FP : Nexans to Sell Berk-Tek to Leviton for $202 Million
- NKLA US : Nikola Stock Tanks After Stock-sales Filing -- MarketWatch - 15% in after hours
- NOKIA FH : U.K. Seeks Japan 5G Help as Alternative to Huawei, Nikkei Says
- PHIA NA : Philips Second Quarter Comparable Sales Beat Estimates
- PRX NA : EBay Said Seeking Stake in Classifieds Sale, Hurting Prosus Bid
- PROX BB : Proximus, Eleven Sports Sign 5-Year Deal on Jupiter Pro League
- RAL FP : Rallye Issues EU210M of Bonds to Repay Derivatives Transactions
- RNO FP : Ghosn Says Renault, Nissan Results Are ‘Deplorable’: Le Parisien
- RR/ LN : Rolls-Royce Gets Union Backing for 700 Compulsory Job Cuts
- STAN LN : Standard Chartered to Add 1,600 Staff at New China Bank Center
- TEF SM : Telefonica, Tim, America Movil Make Binding Offer for Oi Assets
- UBER US : Uber Technologies Reports Pact With Google Maps
- UBI IM : UBI: Antitrust Conditions Not Compatible With Intesa Targets
- FR FP : Valeo Wants to Cut France Wage Bill by EU100m: Les Echos
- VOW GY : *SPARTAN PARING GAINS AS VOLKSWAGEN TALKS REPORTED JULY 13
- VOW GY : VW Sees Making Pre-Virus Profit Level in 2023: Business Insider
- WDI GY : Wirecard Former Executive May Have Fled to Belarus, Spiegel Says