U.S. and European equity futures and most Asian stocks climbed Tuesday after the triggering of a formal transition process to President-elect Joe Biden. The dollar dipped.
S&P 500 contracts advanced after the General Services Administration acknowledged Biden as the apparent winner of the presidential election. Stocks outperformed in Japan, which reopened after a holiday, and Australia. They fluctuated in Hong Kong and China after a report that senior Trump administration officials are pushing for new hard-line measures against Beijing.
Earlier, U.S. equities closed in the green, with tech shares lagging and small caps jumping. AstraZeneca Plc became the latest firm to deliver positive vaccine news, bolstering demand for cruise-line operators and airlines. Treasury yields extended an advance, gold added to overnight losses and oil gained. Sentiment also was boosted after people familiar with the matter said Biden plans to nominate former Federal Reserve Chair Janet Yellen to be Treasury Secretary.
US After Hours NTNX +7.1%, MSP +5.7%, AMBA +5.5% up on earnings; A -2.4%, URBN -1.1% lower on earnings
Nikkei +2.54% Hang Seng +0.12% CSI -0.53% Shanghai -0.20% Shenzen -0.30%
Eur$ 1.1851 CNH 6.5783 CNY 6.5827 JPY 104.23 GBP 1.3334 CHF 0.9118 RUB 75.9191 TRY 7.9055 WTI$ 43.48 +0.95%
S&P +0.74% Nasdaq +0.55% EuroStoxx +0.52% FTSE +0.44% Dax +0.54% SMI +0.25%
Macro :
- Europe Financials Have Good Earnings Momentum For 2021, MS Says
- Rich Europeans Eye Blank-Check IPOs Far From Home: ECM Watch
- Airline Lobby Is Building a Covid ‘Travel Pass’ to Spur Flights
- EU Seeks Easier Access to Generic Medicines: Reuters
- Michigan Certifies Election Results Showing Biden Victory
Keep an eye on :
- ALO FP : S. Africa Regulator Approves Alstom & Bombardier Merger
- AGL IM : Areas Close to Buy Autogrill Spanish Unit: Confidencial
- AZN LN : AstraZeneca Shot Data Hint at Halting Severe Covid, Slaoui Says
- BALDB SS : Balder to Offer Up to 6.5m Shrs via ABG Sundal Collier, Carnegie, Balder Offering Prices 6.5m Shares at SEK453/Share
- BILIA SS : Bilia Gets Notice of Termination of Dealer Pacts From Volvo
- IAG LN : Airlines Pick Ex-BA Boss Walsh to Lead Fight to Survive Crisis
- CENER BB : Cenergy’s Hellenic Cables Awarded Land Cable Contract by SPT
- CSGN SW : Credit Suisse to Take $450 Million Impairment on York Capital
- DB1 GY : Germany’s DAX Index to Grow to 40 Members from 30
- DEZ GY : Deutz Postpones Medium-Term Targets From 2022 to 2023/2024
- EDF FP : EDF Wins Court Case on Termination of Supply Contract With Total
- EDF FP : EDF to Test Making Hydrogen, Capturing C02 at U.K. Nuke Plant
- ENEL IM : *ENEL SEES 2023 ADJ. NET EU6.5B-6.7B, EST. EU6.19B
- GNC LN : Greencore to Raise GBP90m in Placing; FY Adj Pretax GBP17.3m
- IDIA SW : Idorsia Says Results From Japanese Study of Clazosentan Positive
- JD/ LN : JD Sports Starts Talks on Bid for Debenhams: Times
- KPN NA : KPN Sees 2021 Capex EU1.2B, 2023 Capex Ambition Is EU1.1b-EU1.2b
- KWS GY : KWS Saat 1Q Ebit Loss EU50.5M Vs. Loss EU42.3M Y/y
- DRLCO DC : Maersk Drilling Gets $100 Million Conditional Order in Suriname
- MyTheresa IPO : Mytheresa Submits Confidential Draft Registration for IPO
- NEOEN FP : Bpifrance to Sell 684,158 Neoen Shares via Accelerated Placement, Neoen Shares Sold for About EU31.9m in Placement
- NETB SS : NetEnt applies for delisting of shares and summons to Extraordinary General Meeting
- NOVN SW : Novartis to Start Share Buyback of Up to $2.5b
- ORSTED DC : U.K. to Double Support for Renewable Power Projects Next Year
- PGHN SW : Partners Group to Merge Australian Renewables Business With CWP
- RXL FP : Berenberg Tilts Toward Value Plays in European Capital Goods
- ROG SW : FDA Grants Expanded Approval of Xofluza to Genentech USA
- RDSA LN : Shell Will ‘Soon’ Start Shutting Convent Refinery in Louisiana
- SPI AV : S Immo 9M Net Income EU22M Vs. EU158.6M Y/y
- SIX2 GY : Sixt Sees 2020 Pretax Loss EU70M to EU95M
- TIT IM : Italy Again Urges Enel to Sell $3 Billion Stake in Open Fiber
- FP FP : Total Plans Voluntary Job Cuts at French Offices, Les Echos Says
- TRYG DC : Tryg A/S: Accelerated bookbuild offering of up to 21,149,745 existing shares in Tryg A/S
- WDI GY : EY Secures Legal Protection for Staff During Wirecard Probe: FT
- WDI GY : Germany’s DAX Will Get Bigger and Stricter After Wirecard Fiasco