Stocks dipped Friday from all-time highs as restrictions to curb escalating coronavirus infections dented some of the optimism around earnings and the prospect of additional stimulus. The dollar edged higher.
Equities in Hong Kong slid after a report that an area of the city would go into lockdown. Japanese stocks were modestly lower. S&P 500 and Nasdaq 100 futures slipped after U.S. shares eked out a record high Thursday as tech stocks advanced. European contracts pointed lower. Treasuries were steady.
President Joe Biden, who is pushing for nearly $2 trillion in additional fiscal spending, unveiled a national strategy to combat the coronavirus while warning the pandemic will worsen before it improves. In Hong Kong, local media reported officials will for the first time lock down tens of thousands of residents in a bid to contain a worsening outbreak.
US After Hours Main headline is weak earnings for several large tech names: IBM -7%, STX -5%, INTC -4.7%; SWIR +12.8% rises on bullish guidance
Nikkei -0.44% Hang Seng -1.37% CSI -0.01% Shanghai -0.35% Shenzen +0.23%
Eur$ 1.2166 CNH 6.4787 CNY 6.4728 JPY 103.63 GBP 1.3697 CHF 0.553 RUB 74.0983 TRY 7.3972 WTI4 52.46 -1.26%
S&P -0.27% Nasdaq -0.31% EurosStoxx -0.41% FTSE -0.12% Dax -0.27% SMI -0.06%
Macro :
- ECB Seeks New Gauges by March to Aid Pandemic Stimulus Debate
- Lagarde Signals New Recession Even as ECB Holds Stimulus
- Portugal to Halt Flight Connections With U.K., Premier Says
- Bitcoin Drops Below $30,000 in Ominous Sign for Crypto Rally
Keep ane eye on :
- AD NA ; People’s United Won’t Renew Pacts With Stop & Shop in NY, Conn.
- AIR FP : Airbus Slows Production Ramp-Up, Citing Virus Hit to Demand
- AF FP : KLM to Cut as Many as 1,000 Jobs as Travel Recovery Hopes Fade
- ATL IM : Atlantia Board Sees 31 Jan. as Autostrade Bid Deadline: Radiocor
- AV/ LN : Aviva Shortlists Allianz, Apollo, Cinven, CNP for Italy Unit
- BDRILL NO : Borr Drilling to Offer up to $40M New Depository Receipts
- COM GY : Compleo Share Sale by Holder Likely to Price at EU80 Each: Terms
- DOC AV : Do & Co Prices EU100M 1.75% Convertibles; Premium Set at 32.5%
- ECONB BB : Econocom FY Adjusted Ebita EU122.5M
- EDP PL : EDP 2020 Power Generation Falls 4%; Output From Coal Units Drops
- EDPR PL : EDP Renovaveis 2020 Clean Energy Production Falls 5% Y/y
- EKTAB SS : Elekta Sold All of Its Viewray Stake at $4.65 a Share
- RF FP : Eurazeo Says It Raised EU2.8B in 2020, Up 18%
- EFUELME NO : Everfuel Offering Prices 4.8m Shares at NOK125/Share
- WAF GY : Globalwafers Lifts Tender Price for Siltronic to 140 Euros/Share
- GVNV NA : GrandVision Continues to Back EssLux in Getting Regulatory Nod
- GJF NO : Gjensidige 4Q Net Income Beats Estimates
- HUBN SW : Huber + Suhner FY Revenue Misses Estimates
- INZILE SS : Inzile to Offer 2.6m Shares via Carnegie Investment Bank, 2.6m Shares at SEK49/Share
- KUD SW : Kudelski Sees FY Ebitda Above $45M to $55M, Saw $45M to $55M
- MB IM : Bollore Reduced Stake in Mediobanca to 2.77% From 4.35%: Consob
- KN FP : Natixis to Cut 245 Roles in France as Jobs Moved to Portugal
- NXT LN : Next, Davidson Kempner Withdraw Topshop Bid, Sky Says
- OBEL BB : Orange’s EU22/Share Offer for Orange Belgium Includes Dividend
- PHAR LN : Pharos Energy to Offer Up to 9.9m Shares Via Primarybid
- PRS SM : HSBC Continental Conducts Placement of At Least 35m Prisa Shares
- PSM GY : ProSieben Prelim FY Sales About EU4.04B, Est. EU3.95B
- REIN LX : Reinet Net Asset Value Per Share 28.02 Euros at End-December
- RCO FP : Remy Cointreau 3Q Rev. Beats Ests., Keeps FY Guidance
- SZG GY : Salzgitter Sees 2021 Pretax Profit EU150M to EU200M
- SAN FP : Sanofi Union Calls for Strike From Feb. 1 Over Job Cuts: AFP
- SK FP : SEB FY Sales Beat, Company Sees Smaller Drop in FY Op. Profit
- SIE GY : Siemens Says Earnings Beat By a Wide Margin on China Growth
- SONG LN : Hipgnosis to Raise as Much as $830 Million in Share Issue
- VOW GY : VW Emissions-Data Relief Helps Carmakers: EMEA Industrials Wrap