S&P futures drop 1.4% while Nasdaq futures plunge as much as 2.2% after coronavirus cases outside of China rise; MSCI Asia Pacific wipes out all post-holiday gains with 1.1% drop. The dollar resumes rally as Asian EM currencies tumble; NZD, AUD and CAD the worst G-10 majors amid commodities sell-off. Kospi slumps as much as 3.5% as confirmed virus infections in South Korea top 700; won drops to 6-month low. T-note futures 11/32 higher; Aussie 10-year yield eases 2bps to 0.91%. China’s mainland indexes extend recent outperformance, with Shenzhen Composite 1.1% higher while H shares fall 1.7% in Hong Kong. WTI slumps 2.4% near $52.10; gold jumps 1.2% to $1,663/oz. Euro Stoxx 50 futures fall 2.1%, pointing to a steep drop in European shares on Monday amid mounting worries over the number of coronavirus cases outside of China and the potential impact on global growth.
Nikkei -0.39% Hang Seng -1.48% CSI -0.45% Shnaghai -0.34% Shenzen +0.85%
Eur$ 1.0821 CNY 7.0314 CNH 7.0392 JPY 111.57 KRW 1218 (+9) GBP 1.2942 CHF 0.9806
WTI 52.16 -2% GOLD 1662.85 +1.5% BTC 9756 +1%
Dow -1.38% S&P -1.39% Nasdaq -1.79% EuroStoxx -1.87% FTSE -1.29% Dax -1.82%
Macro :
- Virus Outbreak Exposes $46 Billion Rift in China’s Tech Industry
- ‘Massive Risk’ Drives ESG Deadline at $108 Billion Finnish Funds
- PBOC Deputy Governor Doesn’t Foresee Large Yuan Movement
- Iran Has Fifth Death; South Korea Is Battleground: Virus Update
- EU Staples on the Mend After Reset Expectations, Lower Valuation
- Aso Says Virus Could Have Severe Impact on the Global Economy
- CVC to Finalize 300M-Pound Deal to Buy Six Nations Stake: FT
Keep an eye on :
- ABF LN : AB Foods Says Performance is in Line With Expectations
- ADP FP : Europe’s Airports Face 3%-4% Earnings Hit From Virus: RBC
- AF FP : FT : Air France-KLM boss covers first leg of long-haul recovery, After pacifying unions Ben Smith is looking to revamp the fleet and tackle profit margins - https://on.ft.com/2STvR8s
- ALM SM : Almirall Full Year Normalized Net Income Beats Highest Estimate
- AAL LN : World’s Biggest Manganese Mine Readies for Cyclone in Australia
- ARCAD NA : Arcadis Continues Pact With Georgia Department of Transportation
- ATL IM : Atlantia Investors Should Complain Over CEO Interview: Buffagni
- BALN SW : Baloise Preferred to Swiss Life on Earnings Quality, MS Says
- BARC LN : Barclays CEO Staley Expects to Leave by End of 2021: FT
- BAYN GY : Bayer Traders Expect More Earnings-Day Swings; Peugeot See Less
- BMW GY : Mys Group Clinches Bid for BMW China's Auto Parts Packaging
- BKG LN : *Berkeley Group to Return GBP1B to Hldrs Over Next Two Years
- BRK/A US : Cash-Rich Berkshire Embraces the Idea of Life After Buffett
- BSGR NA : B&S Group Full Year Ebitda Misses Lowest Estimate
- CSP LN : Countrywide, LSL Property Discussing £500 Mln Merger: Sky
- CCAP GY : Corestate to Name Georg Allendorf as Chairman
- DSV DC : DSV Warns It May Have to Cut up to 4,000 Jobs, Dow Jones Says
- GMAB DC : Genmab Sees Potential U.S. Approval for Ofatumumab in June 2020
- ISN SW : Intershop Full Year Net Income CHF71.0 Mln
- JMT PL : Jeronimo Martins Plans to Enter Romania Within 2-3 Yrs: Puls
- CURK GY : Medical Supplier Curasan Files for Insolvency Proceedings (micro cap)
- MMB FP : Former French President Sarkozy May Join Lagardere Board: Figaro
- LUN DC : FDA Approves Lundbeck’s Vyepti, Preventive Migraine Treatment
- NESN SW : Nestle Is Open to More Creative M&A Deals, Bahadur Says
- NOVN SW : Novartis Reports FDA, EMA Filing Acceptance of Ofatumumab
- UG FP : Renault, PSA's Coronavirus Exposure Puts Sales, Profits at Risk
- PNL NA : PostNL Sees 2020 Normalized Ebit EU110 Mln To EU130 Mln
- 1913 HK : Prada Brings In Star Designer Raf Simons to Shake Up Look - -2.28% in HK, I think better that sector in Europe - Italy is one of the big country of production for all luxury brands. so double effect.
- RNO FP : FT : Luca de Meo: ‘Cultural sponge’ takes ‘job from hell’ at Renault - https://on.ft.com/2HPs99a
- RNO FP : Renault, PSA's Coronavirus Exposure Puts Sales, Profits at Risk
- SAF FP : Helicopter engines unit to invest ~€50M in Tarnos (France) to modernize helicopter engines plant - press - Primary objective is to reduce the duration of the repair cycle by 30%.
- SAN SM : Chairman Botin: Not seeking acquisitions in Spain or Portugal - Spanish press Europe clearly needs bigger banks
- LNSX GY : Hyundai Capital Bank to Make EU18/Share Offer for Sixt Leasing
- TKA GY : RAG Foundation Aims For Minority Stake in Thyssenkrupp Unit: FAZ
- TIT IM : Telecom Italia, Vodafone Sell Tower Unit Stake, Repubblica Says
- UCG IM : UniCredit Says CEO Jean-Pierre Mustier Will Remain at Bank
- UCG IM : UniCredit: No Staff Member Confirmed as Being Infected by Virus
- VOD LN : Telecom Italia, Vodafone Sell Tower Unit Stake, Repubblica Says
- VOW3 GY : Volkswagen Says ‘It’s Now or Never’ for Break-Even in LatAm
- WALLB SS : Wallenstam becomes joint owner in Colive (becoming a 25-percent joint owner in Colive through a new issue. Colive is one of Swedens first operators of co-living housing through so-called co-living hubs.)