The wrenching stock sell-off extended on Thursday, sending a global benchmark heading for its lowest close since October, while government bond yields sank to record levels.
The MSCI All-Country World Index fell for a sixth straight day, with Japan leading losses at over 2% down. Futures on the S&P 500 tumbled as much as 1.6%, after declines in the index had eased some on Wednesday. The yen rose, and 10-year U.S. and Australian yields hit fresh record lows Thursday. With the number of coronavirus cases mounting outside China, investors have yet to see the signs of a peak that had helped spur a recovery in Chinese shares. Oil dropped further.
US After Hours MSFT -1.4% and BKNG -0.5% guide lower on coronavirus but stocks holding up; ETSY +11%, BOX +9%, SQ +7% among earnings leaders; NTNX-17%, MED -14%, CVNA -10% among weaker names
Nikkei -2.13% Hang Seng -0.44% Shanghai +0.07% Shezen +0.23%
Eur$ 1,0915
S&P -0.78% Eurostoxx -2.26% FTSE -1.76% Dax -2.38% MIB -2% SMI -1.58%
Macro :
- Bonds Have the Upper Hand in the Battle With Stocks: Macro View
- U.S. Investor Bull-Bear Spread -8.7: AAII
Keep an eye on :
- ABI BB : AB InBev Fourth Quarter Adjusted Ebitda Misses Estimates
- AALBA NA : Aalberts NV Full Year Revenue Meets Estimates
- ADYEN NA : Adyen 2H Net Revenue Meets Estimates
- AKE FP : Arkema Full Year Ebitda Meets Estimates
- AOX GY : Alstria Office 2020 Revenue Forecast Misses Lowest Estimate
- ALSN SW : Also Full Year Pretax Profit 4.5% Above Estimates
- ARGX BB : Argenx Full Year Operating Loss Wider Than Estimates
- BCVN SW : BC Vaudoise Full Year Net Income CHF363m vs. CHF350m in 2018 (1)
- BAYN GY : Bayer Says Ranks of Roundup Plaintiffs Aren’t Swelling as Much
- BVI FP : Bureau Veritas Sees Solid Organic Growth Despite Coronavirus Hit
- BWE NO : BW Energy Fourth Quarter Ebitda $57 Mln
- AM FP : Dassault Aviation Sees 2020 Falcon Deliveries 40
- EDP PL : EDP Share Offering Raises EU292.9m, or EU4.45/Share
- FGR FP : Eiffage’s Earnings Beat, Cash Flow Should Be Well-Received: Citi
- FNAC FP : Fnac Darty Confirms 2020, Medium-Term Targets
- GET FP : Getlink 2019 Ebitda EU560m, Sees Ebitda of EU580m This Year
- HLNG NO : Hoegh LNG Fourth Quarter Ebitda Meets Estimates
- KOA NO : Kongsberg Automotive Fourth Quarter Revenue EU280.8 Mln
- KUD SW : Kudelski Full Year Revenue Misses Lowest Estimate
- LHN SW : LafargeHolcim Flags Coronavirus as Threat to Newfound Growth
- MEL SM : Melia Hotels Full Year Net Income Beats Estimates (1)
- NESN SW : Nestle Tells Global Staff to Halt Overseas Business Travel: WSJ
- NMC LN : NMC Health Removes Manghat as CEO; Bank Discrepancies Flagged
- NOKIA FH : Nokia Said to Weigh Strategic Options as Profit Pressure Mounts
- NOKIA FH : Nokia Explores a Sale as It Struggles for Share in 5G: React
- SAF FP : Safran Sees 2020 Adjusted Revenue -5% To 0%
- STAN LN : *STANDARD CHARTERED AUTHORIZES PURCHASE UP TO $0.5B OF SHARES
- SCR FP : Scor Full Year Net Income EU422 Mln
- SDRL NO : Fredriksen’s Seadrill Continues Talks With Banks After New Loss
- SRCG SW : Sunrise Proposes Accenture’s Swiss CEO as Chairman
- TEG GY : TAG Immobilien 2020 FFO Per Share Forecast Matches Estimates
- FTI FP : TechnipFMC Fourth Quarter Revenue 2.9% Below Estimates
- UBI IM : Cattolica Boosts UBI Stake to 1%, Joins Group Resisting Intesa
- ZAL GY : Zalando 2020 Adjusted Ebit View Midpoint 1.8% Above Est.