Asian stocks dropped and U.S. equity futures retreated as worries about a surge in virus cases in multiple U.S. states and some other countries saps appetite for riskier assets. The dollar extended gains.
Japanese, Australian and Korean shares were all down more than 1%. China and Hong Kong are closed for holidays. Futures on the S&P 500 dipped, while Treasuries edged up. The risk-off moves followed daily records for new cases in Florida and California, with Texas also suffering. New York, New Jersey and Connecticut are requiring visitors from virus hot spots to self-quarantine. Australia recorded its largest spike in cases since April. Crude oil prices fell below $38 a barrel in New York.
US After Hours ALLY +10% jumps as its merger with CardWorks is terminated; KBH -13.5% down on earnings
Nikkei -1.21% Hang Seng -0.50% CSI +0.42% Shanghai +0.30% Shenzen +0.01%
Eur$1.1251 CNH 7.0811 CNY 7.0782 JPY 107.16 GBP 1.2422 CHF 0.9488 WTI$ 37.84 -0.45%
S&P -0.35% Nasdaq -0.15% EuroStoxx +0.22% Dax +0.30% SMI -0.28% FTSE -0.40%
Macro :
- IMF Projects Deeper Global Recession on Growing Virus Threat
- U.S. Investor Bull-Bear Spread -24.8: AAII
- Citadel’s Global Stock Unit Loses About 6% After Oil Rout (1)
Keep an eye on :
- AKSO NO : Aker Solutions Gets Letter of Intent for Breidablikk
- AKER NO : Aker Biomarine Placement Prices 18.5m Shares at NOK115.85/Shr
- AZN LN : AstraZeneca: Phase 3 ETHOS Trial Results Meet Secondary Endpoint
- BAS GY : Bayer to Seek Contribution From BASF for Dicamba Settlement
- BSLN SW : Basilea to Buy Back 2022 Convertibles at 100.5% + Interest
- BAYN GY : Bayer Agrees to $10.9 Billion Plan to Settle U.S. Roundup Claims
- EZJ LN : EasyJet Share Sale to Price at 703 Pence Per Share: Terms (1)
- EUCAR FP : Europcar Mobility Group May Entertain Contacts
- G IM : Generali to Buy 24.4% of Cattolica Via EU300m Capital Increase
- ALHVS FP : Winnipeg Squeeze-Out Bid for Harvest to Run June 25-July 8: AMF
- HSW LN : Hostelworld to Offer Shrs
- IAG LN : U.K. Looks to Centralize Control of British Rail: Telegraph
- LHA GY : Lufthansa Shareholder Thiele Will Support Bailout, FAZ Reports
- MTO LN : Mitie in Talks to Buy Interserve Unit for More Than GBP250m: Sky
- RXL FP : Rexel Reimburses EU550m Senior Credit Line as Activity Improves
- SAS SS : SAS’ New Hybrid Bonds Are in Doubt After Norway Pushes Back: DI
- GLE FP : SEC Says SG Americas to Pay $3.1M to Settle Charges
- SECARE SS : SwedenCare to Offer 1.5m Shares via Pareto Securities
- SW FP : Sodexo: Reimbursement of $1.6B USPP Debt
- TIT IM : Telecom Italia to Sell Inwit Stake to Ardian Group for EU1.6b
- TRI FP : Trigano: Stephane Gigou Deputy CEO From July 1
- UTG LN : Unite Group GBP300M Share Sale Order Book Is Covered: Terms
- WDI GY : Wirecard’s Marsalek to Turn Himself in Next Week: SZ
- WDI GY : Wirecard Whistleblower Tipped Off German Regulator in Early 2019
- YNGN LN : Young & Co's to Offer Shrs