Treasury yields rose and U.S. futures extended overnight gains amid optimism about progress on stimulus talks in Washington. The dollar retreated.
The benchmark 10-year yield climbed above 0.8% to a four-month high after House Speaker Nancy Pelosi said she remains hopeful of a deal before the election. S&P 500 contracts edged higher after the gauge bounced back from Monday’s selloff. Shares saw modest gains in Japan, Hong Kong and South Korea, and slipped in China. European futures pointed higher.
Elsewhere, tech shares mostly shook off the U.S. Justice Department’s decision to sue Google for allegedly abusing its power. Netflix Inc. plunged in late trading after it missed Wall Street estimates. The yuan climbed to the strongest since July 2018 and copper hit its highest in more than two years. Oil slipped.
US After Hours SNAP +22.8% up big on earnings while NFLX -6.1% falls on earnings/net sub adds; TXN +0.8% flat on earnings
Nikkei +0.30% Hang Seng +0.75% CSI -0.49% Shanghai -0.52% Shenzen-1.42%
Eur$ 1.1853 CNH 6.6366 CNY 6.6502 JPY 105.26 GBP 1.2985 CHF 0.9056 WTI$ 41.35 -0.84%
S&P +0.59% Nasdaq +0.49% EuroStoxx +0.22% FTSE -0.04% Dax +0.22% SMI +0.29%
Macro :
- Romney Would Oppose Stimulus Deal at $1.8 Trillion or More
- ECB’s Lagarde Says Virus Resurgence Is a Clear Risk to Economy
- *FED’S EVANS: NOT SURE LONG-TERM RATES CAN GO MUCH LOWER
- EU Carmakers Call on Brussels to Reconsider Brexit Stance: FT
Keep an eye on :
- AB FP : AB Science Says Asthma Treatment Met Endpoint in Phase 3 Study
- ADYEN NA : Adyen Names Matthey as CTO From Jan. 1, 2021, Replacing Schuijff
- AIR FP : EU’s Dombrovskis Rejects U.S. Offer in Airbus-Boeing Spat: SZ
- AKZA NA : Akzo Nobel 3Q Adjusted Operating Income Beats Est.
- APPS SM : Applus to Buy Besikta From Volati for SEK 1.05B
- AST IM : Astaldi Signs EU200m Unsecured Revolving Credit Facility
- AZN LN : AstraZeneca U.S. Trial May Resume as Early as This Week: Rtrs
- ATEA NO : Atea Third Quarter Revenue Misses Estimates
- ATL IM : Atlantia Says CDP Offer Doesn’t Value Autostrade Adequately
- BAR BB : Barco Third Quarter Revenue Misses Estimates
- GBF GY : Bilfinger Said to Draw Interest From Buyout Firms Including CD&R
- BOL FP : Bollore Third Quarter Revenue EU5.92 Bln
- ALCART FP : Carmat Says Allowed To Resume Pivot Study in France
- EQT SS : EQT Third Quarter Total Investments EU6.0 Bln
- ERICB SS : Ericsson Third Quarter Adjusted Operating Profit Beats Estimates
- ERICB SS : Ericsson Profit Surged as Huawei Ban Offset Hit from Pandemic
- ENX FP : Euronext: Status of All Oct. 19 Transactions Now Clarified
- FGR FP : Eiffage’s Highway Unit APRR 3Q Rev. Down 1.6% Y/Y
- FME GY : FMC Sees U.S. ‘Cares Act’ Aid Depleted in Fourth Quarter: FAZ
- SHBA SS : Handelsbanken 3Q Net Interest Income Meets Estimates
- GAM SW : GAM Holding Assets Under Management CHF120.4 Bln
- DRLCO DC : Maersk Drilling Gets $30 Million Three-Well Contract From Total
- NHY NO : Hydro and Lyse to Establish Hydropower Co. Lyse Kraft
- IBE SM : Iberdrola’s Avangrid to Buy PNM Resources for $50.3/Shr
- IFCN SW : Inficon Third Quarter Operating Income Misses Estimates
- IDIA SW : Idorsia Rump Share Placement Demand Exceeds Deal Size: Terms
- IDIA SW : Idorsia Raises Gross CHF535.5m Based on CHF22.50/Shr Offer Price
- IFF US : IFF to Delist From Tel Aviv Stock Exchange in January
- INWI SS : Inwido Third Quarter EPS Beats Estimates
- KLOVB SS : Klovern Nine Month Income From Property Management SEK982 Mln
- LHN SW : LafargeHolcim Eyes Bigger M&A for Solutions Segment: The Market
- LDO IM : Leonardo Says Paschi Conviction Doesn’t Affect Continuity
- LOGN SW ; Poly Jumps on Evercore’s Optimism After Logitech’s Results
- MUX GY : Mutares to Triple Revenue by 2023 as Pandemic Boosts Targets
- NESN SW : Nestle Sees FY Organic Rev. Around +3%, Saw 2%-3%, Est. +2.9%
- NFLX US : Netflix 3Q Streaming Paid Net Change Misses Est.: Snapshot
- NOKIA FH : Nokia to Supply Telia With 5G Radio Access Network in Finland
- PHARM NA : Pharming Receives Orphan Drug Designation From EC for Leniolisib
- RAND NA : Randstad Third Quarter Gross Margin Beats Estimates
- SAGA NO : Saga Tankers Offering Prices 54m Shares at NOK1.30/Share
- SNAP US : Snap 3Q Revenue, Daily Active Users Beat Estimates: Snapshot
- SOW GY : Software AG Maintains FY Adjusted Ebita Margin 20% to 22%
- SO FP : Somfy Sees Full Year Like-for-like Sales +3% to +4%
- STB NO : Storebrand Third Quarter Net Income Beats Estimates
- TKA AV : Telekom Austria Third Quarter Revenue Beats Estimates
- TEL NO : Telenor Divests HQ Property; Sees Accounting Gain of NOK1.3b
- TELIA SS : Telia Third Quarter Adjusted Ebitda Beats Estimates (1)
- URW NA : URW Defers Shrs/CDI Registers Conversions Pending Rights Issue
- VLA FP : Valneva: Phase 2 Study of Lyme Disease Vaccine Meets Endpoints
- DG FP : Vinci Nine Month Like-for-like Sales -13.2%
- VIV FP : Vivendi Recovery Broadens as Music and Television Sales Gain
- VIV FP : Vivendi 3Q Solid, Universal Music the Main Positive: Analysts
- VOW3 GY : VW Gauges Interest in Ducati Brand for Potential Sale: Rtrs
- XSPRAY SS : XSpray Pharma to Offer Up to 1.9m Shrs
- ROSE SW : Zur Rose Nine Month Sales CHF1.25 Bln
- WDP BB : WDP Full Year Adjusted EPS Forecast Beats Estimates