Asia stocks rallied, recouping some of Tuesday’s sell-off triggered by evidence of the contagiousness of China’s coronavirus and concern with the potential economic implications. Haven assets retreated, while U.S. and European equity futures climbed.
Shanghai shares erased losses after Beijing said it will start a nationwide screening effort to tackle the outbreak, while benchmark gauges in Hong Kong and South Korea climbed more than one percent. Treasuries and the yen dipped after gaining Tuesday on news of the contagion, which also hit luxury stocks on concern about disruption to spending during China’s weeklong Lunar New Year. The yuan edged higher after tumbling Tuesday.
US After Hours NAVI +6%, IBM / COF +3%, NFLX +2.3% are higher, while AMTD -1.5% is lower following earnings/guidance, CIT +5.8% on S&P MidCap 400 addition news
Nikkei +0.70% Hang Seng +1.28% CSI +0.43% Shanghai +0.28% shenzen +0.72%
Eur$ 1.1080 CNH 6.9070 CNY 6.9067 JPY 110.02 GBP 1.3053 CHF 0.9701 TRY 5.9347 WTI$ 58.10 -0.50%
S&P +0.45% EuroStoxx +0.35% FTSE +0.30% Dax +0.48% SMI +0.31%
Macro :
- Italy’s Di Maio Poised to Resign as Five Star Leader: Reports
Keep an eye on :
- ALFEN NA : Alfen Picked to Supply Microgrid for Estonian Biomass Plant
- ALO FP : Bombardier Is Said to Explore Combining Rail Unit With Alstom
- AMUN FP : Sabadell Agrees to Sell Asset Manager to Amundi for $477 Million
- ASML NA : ASML Announces EU6b Buyback, 1Q Sales View in Range (1)
- ASML NA : Chip Gear-Maker ASML’s Sales Outlook Lags Analysts’ Estimates
- BSLN SW : Basilea Extends Agreement with Roche on Cancer Drug Research
- BARN SW : Global Chocolate Volume Was Flat in Sept.-Nov.: Barry Callebaut
- BA US : Boeing Sees Ungrounding of 737 Max Starting Mid-2020
- BA/ LN : BAE Chairman Carr Sees Room for Optimism on EU, U.S. Trade Deals
- BALTA BB : Balta Repays EU35m Loan Facility With Proceeds of Plants Deal
- BKG LN : Berkeley Plans to Raise Shareholder Returns by ~GBP455m
- BOBNN SW : Bobst Sees Lower 2020 Sales, Ebit Margin, Confirms 2019 View
- BPSO IM : Pop. Sondrio Rejects Amber Capital’s Bank Holder Request
- BRBY LN : Burberry 3Q Comp Sales Beat Est.; Raises FY Rev. Growth View (1)
- CNE LN : Vedanta Plans to Raise Up to $2b Via Cairn India Stake Sale: ET
- DAI GY : Daimler, BAIC Top Brass Are Said to Meet on Possible Deeper Ties
- EDPR PL : EDP Renovaveis Says Electricity Production Rose 6% in 2019
- ELIOR FP : Elior Group First Quarter Revenue EU1.31 Bln
- EQNR NO : Shell, Equinor Are Said to Be Looking at Argentine Shale Stake
- ERICB SS : Trump Says U.S. Working With Ericsson, Opening Spectrum
- G IM : Generali Has EU3b for Europe Acquisitions, CEO Tells Stampa
- GFJ NO : Gjensidige Fourth Quarter Pretax Profit Beats Highest Estimate
- MNDI LN : Mondi Could Benefit From Plastics-to-Paper Opportunity: MS
- MUV2 GY : Munich Re Eyes Profit Raise to EU3b in Coming Yrs: Handelsblatt
- NEL NO : NEL Said to Price Offering of 89m New Shares at NOK9.50 Each
- NETW LN : Network International Holder WP/GA Dubai IV BV to Offer 13m Shrs, Prices at GBP5.76/Share
- NDA SS : Nordea Scores Poorly in Online-Bank Satisfaction Survey: Borsen
- 0RP FP : Orpea Holder Dr Jean-Claude Marian to Offer Shrs ,Orpea Offering by Holder Prices at EU111.85/Share
- PGHN SW : Partners Group to Buy 80% Equity Stake in VSB Group
- PGS NO : PGS Offering of New Shares Book Said to Be Covered, PGS Offering Prices 48.6m Shares at NOK17.48/Share
- PRX NA : Naspers to Sell $1.7 Billion of Prosus Shares to Investors, priced at 67.50 (-4.75%)
- QLT LN : Warburg Pincus considers bid
- RNO FP : Ghosn Predicted Nissan Will Go Bankrupt by 2022, Lawyer Says
- REP SM : Mexico Approves Repsol’s Drilling Program for 2 Deep-Water Wells
- RELX LN : Citigroup considers it a break-up candidate
- RWE GY : Altmaier Snubs Coal Exit Critics, Says Nation to Meet CO2 Goals
- SPI AV : Pecik & Ketterer Bought 3.7m New S Immo Shares, Stake Now 14.2%
- SOI FP : SOITEC Sees Full Year Electronics Ebitda Margin About 30%
- SF SS : Stillfront Group Buys Storm8 for Upfront $300 Million
- SF SS : Stillfront to Offer 3.42m Shrs, Stillfront Offering Prices 3.42m Shares at SEK381/Share
- SPSN SW : Swiss Prime Site: Ton Buechner Proposed as New Board Chairman
- TEL NO : Telenor Digi 4Q Ebitda Before Items NOK1.56b vs NOK1.50b
- TRYG DC : Tryg to Pay Extraordinary Dividend as 4Q Profit Beats Estimates
- VOD LN : Vodafone Abandons Facebook-Led Libra Cryptocurrency Project
- YAR NO : Yara Probed for Possible Infringement of Spain’s Competition Act
- ROSE SW : Zur Rose FY Sales Up 30%; Sees Ebitda Margin at Lower End (1)