Stocks in Asia were mixed as reports on Moderna Inc.’s coronavirus vaccine added to concern that a successful way to beat the pandemic remains a long way off, offsetting calls to stick with bets on more equity gains. Treasuries held an overnight advance.
Japan and India saw the bulk of gains, with an advance more modest in Sydney and Seoul. Shares dropped in China and Hong Kong. U.S. futures nudged up, while European contracts dropped. The S&P 500 lost ground in the final hour of trading, and closed down. Riskier assets had started the week on the front foot after Moderna had fueled hopes for a coronavirus vaccine, but investors are struggling to maintain the optimism. Crude oil slipped below $32 a barrel in New York.
“We are being fairly cautious,” Shawn Matthews, founder and chief investment officer at Hondius Capital Management LP, said on Bloomberg TV. “If you look at the economy, it feels like it’s the summer of hope right now, where everyone is hoping it’s going to turn around.”
US After Hours KRNT +15.6% up big on earnings; URBN -5.4% weak on earnings; PAE +8.2% up on contract win
Nikkei +1.08% Hang Seng -0.05% CSI -0.17% Shanghai -0.21% Shenzen -0.45%
Eur$ 1.0946 CNH 7.1156 CNY 7.1032 JPY 107.73 GBP 1.2263 CHF 0.9695 RUB 72.6426 WTI$ 32.09
S&P +0.51% Nasdaq +0.49% EuroStoxx -0.49% FTSE -0.42% Dax -0.37% SMI
Macro :
- Brexit Talks Sour With U.K. Slamming EU’s ‘Unworthy’ Offer
- Trump Considers Brazil Travel Ban in Latest Sign of Virus Woes
Keep an eye on :
- ACK BB : Ackermans Sees Significant Drop in FY Net; 1Q Cash EU245.6m
- AED BB : Aedifica Nine Month Net Rental Income EU117.2 Mln, +40% Y/y
- AF FP : KLM Starts Voluntary Leave Program for All Staff June 1
- ASRNL NA : ASR Nederland Has Limited Impact of Covid-19 in 1Q
- ATC NA : Altice lance un premier plan social dans les médias
- AAPL US : Apple has been acquiring some older shows to help bulk up Apple TV+ library: report
- BIM FP : Biomérieux to Recommend Reducing 2019 Div to €0.19/Shr
- BMPS IM : Monte Paschi Says Guido Bastianini Appointed CEO
- CTM SS : Catena Media 1Q Adjusted Ebitda EU12.9 Mln, +15% Y/y
- CFEB BB : CFE First Quarter Revenue EU760.9 Mln, -9.2% Y/y
- CIBUS SS : Cibus Nordic Real Estate Holder to Offer Up to 3.7m Shrs, Cibus Nordic Real Estate Offering by Holder Prices at SEK128/Shr
- CINE LN : Cineworld Finding the Canada Cineplex Review Challenging: CTFN
- CPG LN : Compass Group Placing Priced at GBP10.25 Per Share
- CSGN SW : Swiss Finma Extends Eased Leverage Ratio Rules for Banks to Jan.
- BN FP : Danone Adds Social, Environment Goals to Bylaws Amid Pandemic
- EDF FP : RTE Says French Electricity Consumption Progressively Resuming
- EDP PL : EDP Says Paul Elliott Singer Reduced Holding to 1.91%
- ELI BB : Elia Group Maintains Full Year Adjusted ROE +6.5% to +7.5%
- FRA GY : Frankfurt Airport Passenger Count Could Fall 60% This Year
- GIMB BB : Gimv Full Year Loss EU151.6 Mln
- HAL NA : HAL 1Q Net Asset Value Per Share EU149.63 Vs. EU164.20 Q/q
- HEX NO : Hexagon Composites First Quarter Ebitda NOK37 Mln, -75% Y/y
- IDIA SW : Idorsia 10M Share Placement to Fund Growth Is Oversubscribed, Idorsia Places 11m New Shares at CHF30 Apiece
- LONN SW : Lonza Expects to Name New Chief in Late May or Early June: T-A
- LHA GY : Lufthansa Says State Aid Is Getting Increasingly Urgent: Reuters
- MDGS IT : Medigus Offering Prices 3.33m Units at $1.50/Unit
- MBTN SW : Meyer Burger: Investor Group Around Sentis Has Been Terminated
- ML FP : Michelin Says Car, Light Truck Tire Markets Slumped in April
- RECIB SS : Recipharm Issued 4.5m Shares at SEK110.50 a Share
- RNO FP : Renault Reaches Deal With Banks on EU5b State-Backed Loan: Rtrs
- RNO FP : Renault May Close 4 French Sites As Seeks To Save EU2B: Canard
- RENX LN : Bio-Techne, Kantaro to Produce Covid-19 Serology Test
- ROG SW : Roche Covid-19 Antibody Test Goes Live at First U.S. Lab Sites
- SANN SW : Santhera Considering Interim Analysis Potential of Sideros Study
- SAP GY : Plattner Mulls Serving as Chairman Beyond 2022: Handelsblatt
- TKWY NA : Just Eat Takeaway.com Holders SM Trust to Offer 5.6m Shrs
- TIT IM : Italy’s Open Fiber Seeks $490 Million to Redouble Fiber Push
- VALN SW : Valora Sales Trend Probably Past Trough, Raise to Add: Baader
- VOW3 GY : VW CEO Diess, Chairman Poetsch Settle Market-Manipulation Case
- XBRANE SS : Xbrane Biopharma to Offer Up to 3.85m Shrs via Vator Securities