Stocks in Asia headed for their biggest daily gain since 2008, emulating the rebound on Wall Street Tuesday, and the dollar retreated further as investors took in strengthening U.S. stimulus measures.
Futures on the S&P 500 pared much of early Wednesday losses after the White House and Congress reached a deal on a fiscal package of almost $2 trillion. The dollar fell for a second straight day, with central banks around the world now supplying greenbacks through daily operations. Crude oil climbed toward $25 a barrel in New York. European futures advanced, and the MSCI Asia Pacific Index was up over 5%. Treasuries were flat.
US After Hours NKE +11% on Ern, EVRI +12%; HOME -21% SNX -13.8% down sharply on earnings, NOAH -7%.
Nikkei +8.04% Hang Seng +3.25% CSI +2.80% Shanghai +2.26% Shenzen +2.96%
Eur$ 1.0818 CNH 7.0781 CNY 7.0698 JPY 111.22 GBP 1.1834 CHF 0.9797 RUB 78.4458 TRY 6.4472 WTI 24.94 +3.87%
S&P +0.30%% Nasdaq -0.02% EuroStoxx +1.25% FTSE +1.79% Dax +1.90% SMI +1.89%
Macro :
- Germany Wins EU Approval to Guarantee Virus Crisis Company Loans
- Margin Calls Trigger an Illiquid Asset Firesale: Markets Live
- China’s Wealth Fund Is Said to Slash Risk-Parity Assets by 50%
Keep an eye on :
- AIR FP : Airbus Nearing Decision on A220 Production Halt in Canada
- AIR FP : Airbus Mandates Five Banks to Syndicate 15 Billion-Euro Loan
- ALSN SW : Also Confirms FY Guidance as China Production Resumes
- ATC NA : Altice’s Drahi: French Stores Staff To Be Partially Unemployed
- AAPL US : Apple Expects to Start Reopening Stores in First Half of April
- BAYN GY : Pence: We Will ‘Spin Up’ Manufacturing of Drugs That May Help
- BME SM : Spanish Government Authorizes Six Group’s Bid for BME Bourse
- BA US : Boeing Plans 737 Max Production Restart by May, Reuters Says
- BT/A LN : BT to Sell About 46.7m Shares or Remaining ADR Holders
- CO FP : Casino Said to Suspend Geant Sale as Grocers Get Virus Kick
- CTM SS : Catena Media Reiterates Growth Target; Seeks to Refi 2021 Bond
- CSGN SW : Credit Suisse Says Ex-CEO Thiam’s 2019 Pay Fell 15% to CHF10.7m
- DMP GY : Dermapharm Full Year Revenue EU701 Mln
- DWNI GY : Deutsche Wohnen Full Year Ebitda Beats Estimates
- EOAN GY : EON 2019 Adjusted Ebit Meets Estimates
- EOAN GY : E.On to Boost Dividend Per Share Annually by Up to 5%
- EQNR NO : Equinor Cuts Organic Capex by About 20% to About $8.5B for 2020
- EVS BB : EVS Withdraws Guidance, Cancels Final Dividend Payment
- FCA IM : Two Fiat Chrysler Workers Die After Positive Virus Tests
- FCT IM : Fincantieri Postpones FY Results to April 1
- GILD US : Gilead Experimental Covid-19 Drug Scores Potential Tax Break
- HLAG GY : Hapag-Lloyd Sees Significant Virus Effect on Container Traffic
- IBST LN : Ibstock to Suspend Manufacturing Output, Cancel Final Dividend
- IPN FP : Ipsen Suspends 2020 Finl Guidance, Confirms Div. EU1/Share
- MVV1 GY : MVV Energie Says EnBW, RheinEnergie in Pact to Sell Their Stake
- NEX FP : Nexans Suspend 2020 Guidance on Coronavirus Outbreak
- NHH SM : Spain’s NH Hotel to Apply to Suspend Staff on Virus Impact
- NIBC NA : Blackstone to Submit NIBC Offer to Regulator by May 19
- NOEJ GY : Norma Assumes It Won’t Meet 2020 Adj. Ebita Margin Forecast
- POM FP : Affected by low demand, zero output in 90 plants, All 31 chinese plants resumed ops
- QIA GY : Qiagen Names Thierry Bernard as CEO
- RNO FP : Renault Shuts Down Latin America Plants Until Further Notice
- ROCKB DC : Rockwool Suspends 2020 Outlook on Coronavirus Uncertainties
- SHA GY : Schaeffler Suspends 2020 Guidance as Virus Grip Tightens: React
- SCHA NO : Schibsted Cancels Dividend, Sees Revenue Hit on News Media
- SNH GY : U.S. Retailers Plan to Stop Paying Rent to Offset Virus Closures
- TLGO SM : Talgo to Temporarily Suspend 280 Employees in Spain
- TIT IM : Elliott Cut Telecom Italia Stake to 7% From 9.7%: Consob
- TKA GY : Thyssenkrupp Expands Job Cuts in Overhaul of Ailing Steel Unit
- UCG IM : UniCredit Long-Term Rating Affirmed at BBB- by Fitch
- VAHN SW : Vaudoise Full Year Combined Ratio Reported 91.8%
- VOLVB SS : Volvo Postpones AGM to Get More Clarity on Coronavirus Impact
- Z01 GY : Zooplus Full Year Sales Meet Estimates