Most Asian stocks retreated on low volumes after a risk-off session on Wall Street, with investors monitoring continued volatility in energy markets and further signs that companies are finding it hard to provide outlooks. Oil in London tumbled to the lowest in more than 18 years.
Shares fell from Sydney to Hong Kong though declines were shallower than those in the U.S. on Tuesday. Equities in Shanghai slipped, while European stock futures advanced. S&P 500 contracts were little changed after the gauge closed down more than 3%, with investors shrugging off a deal reached by the White House and congressional leaders on fresh spending to combat the impact of the coronavirus pandemic. Brent crude oil prices tumbled as the global benchmark was sucked into the rout that sent U.S. futures below zero for the first time ever this week. The yield on benchmark 10-year Treasuries was steady after dropping below 0.6%.
US After HOurs SNAP +20.1% and CMG +6.5% up big on earnings; IBKR -5.2% weak on earnings
Nikkei -1.09% Hang Seng -0.09% CSI +0.49% Shanghai +0.34% Shenzen +0.58%
Eur$ 1.0854 CNH 7.0969 CNY 7.0849 JPY 107.60 GBP 1.23 CHF 0.97 RUB 77.5413 TRY 6.9882 WTI June 10.89 -6% WIT July 18.44
S&P +0.69% NAsdaq +0.75% EuroStoxx +0.84% FTSEE +0.78% Dax +0.82% SMI +0.44%
Macro :
- Citi Says Bear Market Not Over With More Earnings Pain to Come
- BofA Says S&P 500 to Hit Fresh Lows If Volatility Pattern Holds
- ECB May Discuss Junk Debt Collateral in Call on Wednesday
- Conte Softens Italy’s Red Lines Over European Virus Aid Plan
Keep an eye on :
- AED BB : Aedifica Sees No Material Changes to FY EPRA EPS Forecast
- AKZA NA : Akzo Nobel First Quarter Adj. Oper Income EU214 Mln
- ASM NA : ASMI First Quarter Orders EU333.5 Mln, -22% Q/q
- ATEA NO : Atea First Quarter Revenue NOK9.04 Bln, -0.6% Y/y
- ATO FP : Atos Cuts 2020 Organic Rev. View To -2% to -4% From About +2%
- CS FP : French Insurers to Invest EU150M in Tourism Industry: FFA
- AXFO SS : Axfood Maintains Full Year Capex SEK900 Mln to SEK1.00 Bln
- BAR BB : Barco First Quarter Orders EU253.7 Mln, -5.7% Y/y
- BFIT NA : Basic-Fit First Quarter Revenue EU137.5 Mln
- CBK GY : Glass Lewis Recommends Vote Against Mgmt Pay at Commerzbank AGM
- EDF FP : EDF Rivals Say Commercial Court Can Rule on Force Majeure Demand
- ELISA FH : Elisa Oyj 1Q Revenue EU468 Mln, +6.4% Y/y, Est. EU451.9 Mln
- ERICB SS : Ericsson First Quarter Net Sales SEK49.8 Bln, Est. SEK51.94 Bln
- ERICB SS : Ericsson Says Pandemic May Set Back European 5G Rollouts
- FGR FP : Eiffage’s APRR 1Q Rev. Ex. Construction Falls 5.8% to EU567.3m
- FCA IM : Fiat Chrysler Plans to Restart Some Italy Ops from April 27
- GEST SM : Gestamp Won’t Pay July Complementary Dividend Due to Pandemic
- GIMB BB : Gimv Sees ~10% Neg. Impact from Virus, Liquidity at ~EU370m
- GJF NO : Gjensidige First Quarter Pretax Loss NOK497.0 Mln
- HNR1 GY : Hannover Re Prelim First Quarter Net Income About EU300 Mln
- IIA AV : Immofinanz 2019 FFO I Gains to EU137.4 Mln; Dividend Planned
- IFCN SW : Inficon First Quarter Net Income $11.4 Mln, -11% Y/y
- IPN FP : Ipsen First Quarter Sales At Constant Exchange Rates +8.7%
- KER FP : Kering's Gucci Recovery in China in April Is a 2Q Soother: React
- KER FP : Kering’s 1Q Suggests Brand-Specific Slowdown at Gucci: Bernstein
- MMB FP : Vivendi Buys 10.6% of Groupe Lagardère
- MCAP SS : Medcap Doubles Share Offering Size, Guidance at SEK170: Terms
- NESN SW : Nestle Getting Additional Questions on Allergan/Abbvie: CTFN
- NOVN SW : Novartis Says Kymriah Gets FDA Advanced Therapy Designation
- PNDXB SS : Pandox Is ‘In Big Trouble’ Without Bank Support, CEO Says: DI
- PARG SW ; Pargesa Board Recommends Acceptance of Parjointco Offer
- PFV GY : Pfeiffer Vacuum First Quarter Ebit EU12.8 Mln, -29% Y/y
- RAND NA : Randstad First Quarter Organic Revenue -7.40%
- ROG SW : Roche First Quarter Sales CHF15.14 Bln, Est. CHF14.83 Bln
- SCHP SW : Schindler First Quarter Revenue CHF2.45 Bln, Est. CHF2.36 Bln
- SCR FP : Scor: Global P&C Renewal Gross Premiums +5.7% Ex-FX on April 1
- SO FP : Somfy 1Q Revenue Rise 2.9%; Sees March Decline Continuing in 2Q
- STM FP : STMicro Sees 2Q Net Rev. $2b vs $2.23b in 1Q, Cuts FY Div., Sees Declining Demand for Automotive Chips Next Quarter
- SHBA SS : Svenska Handelsbanken First Quarter Net Income SEK3.94 Bln (1)
- TLX GY : Talanx Withdraws 2020 Profit Outlook; Confirms Dividend Plan
- TEL NO : Telenor Grameenphone 1Q Rev NOK4.06b vs NOK3.57b Year Ago
- TELIA SS : Telia First Quarter Net Income SEK1.11 Bln, -38% Y/y
- 8TRA GY : Traton: 1Q Industrial Business Net Cash Flow Negative ~EU170m
- UCG IM : UniCredit to Take Additional EU900M Loan Loss Provisions in 1Q
- VGP BB : VGP Offering Prices EU200m Shares at EU100/Share
- VIV FP : Vivendi Buys 10.6% of Groupe Lagardère
- VOW3 GY : JD.com Teams Up With SAIC Volkswagen on Smart Vehicle Services