Global stocks started the week with gains amid signs of positive developments in the fight against the coronavirus and a boost to stimulus measures from the Bank of Japan. The dollar retreated.
Asian shares climbed, U.S. futures reversed earlier losses to trade higher and European contracts pushed up. Trading volumes remained subdued amid the risk-on move. In currencies, the Australian dollar outperformed, while the yen strengthened. Treasury yields advanced. Coronavirus deaths slowed the most in more than a month in Spain, Italy and France while fatalities reported in the U.K. and New York were the lowest since the end of March.
Macro :
- Goldman Says Equities Likely to Stay Range-Bound in Near Term
- United States Oil Fund Tweaks Portfolio in NYSE, ICE Futures
- Goldman Says Narrow Breadth in S&P 500 a Bad Sign for Stocks
Keep an eye on :
- ADS GY : Adidas First Quarter Revenue EU4.75 Bln, -19% Y/y
- ADM LN : Admiral Suspending Recommendation to Pay Special Div 20.7p/Share
- AIR FP : Airbus CEO Warns Workers It’s Bleeding Cash and Cuts Are Needed
- AIR FP : Boeing, Embraer Scrap Cooperation as Jet Market Shrinks
- AF FP : Air France-KLM to Get 7 Bln Euros in State, Guaranteed Loans
- AF FP : Dutch Government Pledges 2-4 Billion Euros for KLM: AP
- AHT LN : Ashtead Says Performance is in Line With Expectations
- ATE FP : Alten 1H Sales to Fall on Coronavirus Before Possible 2H Rebound
- AMS SM : Amadeus Fire First Quarter Ebita Margin 13.9% Vs. 16.2% Y/y
- ARJOB SS : Arjo First Quarter Adj Ebitda SEK445 Mln, Est. SEK429.8 Mln (1)
- BAMI IM : Cerved Confirms Credit Lines Worth EU695m to Refinance Debt
- BAYN GY : Bayer 1Q Adj. Ebitda Up 10% Y/y to EU4.39b (1)
- BG AV : Bawag First Quarter Pretax Profit EU81 Mln, Est. EU108.0 Mln
- BAYN SW : Helvetia Gets Capital Authorization at AGM for Caser Financing
- BBVA SM : BBVA, Allianz Could Seal Insurance Deal This Week: Cinco Dias
- BNTX US : BioNTech CEO Says Majority Owners Won’t Sell Company: Welt
- CPR IM : Campari CEO Ready for ‘Bigger Deals Than Before’: Repubblica
- DAI GY : Daimler Says China Car Sales Are Recovering, Bild Reports
- DBK GY : Deutsche Bank Plans to Offer Card Readers to SME Companies: FAZ
- DBK GY : Deutsche Bank Prelim 1Q Common Equity Tier 1 Ratio 12.8%
- DIE BB : D’Ieteren Cuts Gross Dividend Proposal to Last Year’s Level
- EDF FP : Total Takes EDF to Court Over Nuclear Power Contract: Les Echos
- EDF FP : FT Energy: EDF poised to lodge Sizewell C nuclear plant application https://t.co/AjMWgJvJml
- ERICB SS : Ericsson’s Top Holder Cevian Cut Stake to 8.1%
- EUCAR FP : Hertz Could Deplete Cash This Quarter, Moody’s Says in Downgrade
- G IM : Generali to Strengthen EU Business Through Disciplined M&A: Sole
- GALP PL : Galp First Quarter Adjusted Net EU29 Mln, -72% Y/y
- HUBN SW : Huber + Suhner Cut to Add at Baader Helvea (Earlier)
- ICAD FP : ICADE First Quarter Revenue EU271.9 Mln
- IHG LN : Intercontinental Amends Facility to Include Covenant Waiver
- ISP IM : Intesa Sticking With Takeover Bid for UBI, Messina Tells Sole
- KNIN SW : Kuehne + Nagel First Quarter Ebit CHF184 Mln, -24% Y/y
- KVAER NO : Kvaerner First Quarter Order Book NOK7.25 Bln, -29% Y/y
- LHA GY : Pivotal Lufthansa Bailout Snared in Tangle of Governments, SPD Wants Lufthansa Aid Tied to Government Role, Bild Says Austria Seeks Guarantees in Return for Any Aid to AUA: FAZ
- LHA GY : Austria Seeks Guarantees in Return for Any Aid to AUA: FAZ
- NXI FP : Nexity Says Made Adjustments to Main Corporate Loans Facilities
- NXI FP : Nexity Appoints Alain Dinin as CEO With Immediate Effect
- NDX1 GY : Nordex Refinances EU1.21b Guarantee Credit Facility for 3 Years
- PTEC LN : Playtech Names Claire Milne as Interim Chairman
- RDW LN : Redrow to Start Mobilizing Sites in Week Starting May 11
- RNO FP : France Working on State Loan of About EU5 Bln for Renault
- RNO FP : French Union Urges Renault Workers Not to Return Until May 11
- SANN SW : Santhera, Cold Spring Test Drug Against Covid-Related Syndrome
- SIX2 GY : Sixt Prelim First Quarter Pretax Loss EU5 Mln
- USB US : Berkshire’s US Bancorp Stake Crosses 10% Threshold
- VIS SM : Viscofan First Quarter Net Revenue EU222.1 Mln, Viscofan 1Q Net Rises 20% to EU27.4m, Keeps 2020 Capex Plan
- VOW3 GY : VW Wolfsburg Output to Reach 10%-15% This Week, 40% Next Week
- WDI GY : Deutsche Bank Plans to Offer Card Readers to SME Companies: FAZ