A rally in global equities cooled Wednesday as investors balanced optimism spurred by vaccine and political developments against a still challenging economic outlook amid the pandemic. The dollar steadied.
A gauge of Asia-Pacific shares gave up an earlier climb of about 1%. Stocks in South Korea and China turned lower, while Japan posted modest gains. S&P 500 futures edged up after the index closed at an all-time high and the Dow Jones Industrial Average topped 30,000 for the first time. Treasuries were little changed. Oil held at about $45 a barrel in New York, while copper touched the highest since 2014.
US After Hours HPQ +5.7%, JWN +4.5% up nicely on earnings; GPS -10.4%, VMW -1.5%, ADSK -0.6% lower on earnings; MESA +25.4% jumps on new contract
Nikkei +0.50% Hang Seng +0.40% CSI -0.90% Shanghai -0.79% Shenzen -1.29%
Eur$ 1.1894 CNH 6.5791 CNY 6.5815 JPY 104.50 GBP 1.3344 CHF 0.9116 RUB 75.5011 TRY 7.9710 WTI$ 45.13 +0.49%
S&P +0.07% Nasdaq +0.29% EuroStoxx +0.09% FTSE +0.27% Dax +0.08% SMI +0.22%
Macro :
- BofA Sees S&P 500 at 3800 With ‘Hockey Stick’ Earnings Recovery
- Dinan Walks Away From Hedge Funds to Focus on Debt
- U.K. to Relax Virus Rules Over Christmas to Allow Indoor Mixing
Keep an eye on :
- AA/ LN : AA Plc Agrees to Acquisition by Private Equity Groups: FT
- AC FP : Accor to Merge Lifestyle Business With Ennismore, Own Majority
- AC FP : Accor Buys Sbe Hotel & Restaurant Business in Deal Valued $650M
- ACROUD NA : ACROUD to Offer SEK80m Shares via ABG Sundal Collier
- AT1 GY : Aroundtown 9M Adjusted Ebitda EU723M Vs. EU556.8M Y/y
- ATC NA : Recommended Public Offer Is for EUR 4.11 in Cash for Each Common A & B Shares
- AZN LN : Astra Vaccine’s 90% Efficacy in Covid Came in Younger Population
- BSLN SW : China Accepts Basilea’s Cresemba for Aspergillosis for Review
- BMPS IM : Monte Paschi ABB to Offer ~24M Shares in ABB: Terms
- CLN SW : Clariant to Cut About 1,000 Positions, Sees CHF70M Provision
- CGG FP : CGG Exits Safeguard Plan by Anticipation: Statement
- DSY FP : Dassault Systemes Buys NuoDB; No Terms
- DWS GY : DWS Injects Almost $300,000 Into Money Fund That Suffered Losses
- EDP PL ; Fed Has Flexibility to Handle Financial Stress, Bullard Says
- ELIOR FP : Elior FY Adj. Ebita Loss EU69M; Sees Consolidation in Catering
- HAL NA : HAL 3Q Net Asset Value Per Share EU143.37
- ILD FP : French Billionaire Niel Is Said to Plan SPAC for Consumer Deals
- NESN SW : Nestle to Sell Yinlu Peanut Milk, Rice Porridge to Food Wise
- POM FP : Plastic Omnium Raises 2H Outlook; Sees Full Recovery in 2021
- SBBB SS : SBB CEO Says $3.3B Takeover Offer to Entra Is Tough to Beat
- SEV FP : Suez to Present Alternatives to Veolia Takeover at AGM, CEO Says
- SIGN SW : SIG to Buy Remaining 50% in Middle East, Africa JV From OIG
- SOP FP : Sopra Steria Cuts FY View; Sees Impact From October Cyberattack
- TLW LN : Tullow Sets 10-Year West Africa-Led Plan to Generate $7 Billion
- VOW3 GY : VW Chief’s Tensions With Board Reemerge in Clash Over Executives