Asian stocks were mostly higher after a mixed start Wednesday, as investors weigh hopes for economic recovery against deepening U.S.-China strains. The yuan retreated.
Japanese shares led gains, with news on plans for a second fiscal-stimulus package giving fresh encouragement for bulls. Futures on the S&P 500 gained, after the index closed at an 11-week high. Jamie Dimon, head of America’s biggest bank, counted himself among the optimists Tuesday, saying there could be a “fairly rapid recovery.” China’s onshore and offshore yuan slipped to the lowest in about eight months in wake of the latest Sino-American flare-up.
US After Hours TSCO +7.7% jumps on strong guidance; UEPS -13.8%, VSAT -7.8% down in earnings; DPZ +0.5% ticks higher as comps start to accelerate in Q2
Nikkei +0.85% Hang Seng -0.39% CSI -0.29% Shanghai -0.05% Shenzen -0.24%
Eur$ 1.0955 CNH 7.1750 CNY 7.1588 JPY 107.53 GBP 1.2314 CHF 0.9670 RUB 70.8899 WTI$34.24 -0.23%
S&P +0.58% Nasdaq +0.64% EuroStoxx +0.30% Dax +0.40% FTSE +0.54% SMI -0.25%
Macro :
- U.S. Mulls Sanctions on Chinese Officials, Firms Over Hong Kong
- Protesters Shout Pro-Independence Slogans: Hong Kong Update
- ECB Can Boost Stimulus If Outlook Warrants, Schnabel Says (1)
Keep an eye on :
- ADP FP : ADP Asks Early End of 2016-2020 Economic Regulation Agreement
- AF FP : Air France-KLM Seeks to Cut Staff, French Capacity in Revamp
- ARGX BB : Argenx to Offer $500m Shares Said to Trade On May 28
- AT1 GY : Aroundtown First Quarter Adjusted Ebitda EU237.2 Mln, +32% Y/y
- ATL IM : UniCredit Gave Approval to EU1.25b Loan to Autostrade: Radiocor
- AAG GY : Aumann Maintains Full Year Revenue EU180 Mln to EU200 Mln
- BARN SW : Barry Callebaut to Buy GKC Foods in Australia; No Terms
- BONEX SS : BoneSupport to Offer Up to 10m Shrs
- CAI AV : CA Immo First Quarter Net Income EU33.5 Mln vs. EU5.4 Mln Y/Y
- CO FP : Casino to Open 300 Neighborhood Supermarkets, CEO Tells Figaro
- CBK GY : Commerzbank to Launch up to EU3 Billion AT1 Issuance Program
- DNO NO : DNO Sees 2020 Company Working Production 88,000 Boepd
- DOF NO : DOF First Quarter Ebitda NOK804 Mln, +62% Y/y
- EDF FP : EDF Moves Closer to Second New Nuclear Project in Britain
- ELIOR FP : Elior Estimates Lost Rev. to Have 30% Hit on FY Adj. Ebita
- CAP GY : Encavis Maintains Full Year Oper Ebitda Above EU220 Mln
- IFX GY : *INFINEON ANNOUNCES CAPITAL INCREASE OF ABOUT EU1B THROUGH ABB
- IPS FP : Ipsos Says Orders Down Slightly Above 10% First 5 Months of 2020
- FCA IM : *INTESA BOARD SAID TO BACK EU6.3B STATE-BACKED LOAN TO FIAT
- FII FP : Lisi Automotive to Sell German Unit Mohr + Friedrich GmbH
- LEG GY : LEG Immobilien and TAG Terminate Talks on Combination
- LPK GY : Bantleon Subsidiary Mulls Options to Sell 18% Stake in LPKF
- DRLCO DC : Maersk Drilling Keeps Forecasts for Ebitda Pre-items
- NEXI IM : Nexi Holders Mercury UK Holdco to Offer 55m Shrs, Priced 55m Shares at EU14.20/Share
- NOKIA FH : Nokia Shuts Plant in India as Employees Test Virus Positive: ET
- UG FP : PSA to Produce Asia-Sourced EV Components in France by 2022
- PEXIP NO : Pexip First Quarter Revenue NOK150.1 Mln
- POS AV : PORR First Quarter Loss Before Income Taxes EU25.5 Mln
- PRY IM : Prysmian Wins EU270m Contract for Submarine Interconnection
- RNO FP : Renault to Announce Plan to Cut 5,000 Jobs by 2024: Le Figaro
- ROG SW : Roche: Phase III Archway Study Result Positive
- RYA ID : Ryanair Maps Growth Plan With 737 Max Jets While Rivals Shrink
- SGO FP : Saint-Gobain Completes Sale of Sika Shares for CHF2.56b
- SAN FP : *SANOFI TO SELL REGENERON STOCK AT $515.00 PER SHARE
- SDR LN : Schroders Favors Credit in Shift Away From Government Bonds
- SESG FP : Intelsat Joins SES in Committing to C-Band Auction of Airwaves
- SIKA SW : Saint-Gobain Completes Sale of Sika Shares for CHF2.56b (15.2mil Sh. @ CHF168.42 ~ 10.75% of Sika)
- SRAIL SW : Stadler Rail Holder to Sell 5 Million Shares: Terms Stadler Rail Share Sale Demand Exceeds Supply: Terms
- TKTT FP : Tarkett Obtains Additional €245M of Credit Lines from 7 Banks
- TCH FP : Technicolor in Talks on New Financing, Plans Debt-to-Equity Swap
- UBI IM : UBI Starts Action to Declare Intesa Takeover Bid No Longer Valid
- VOW GY : VW in Final Talks to Buy 50% of Anhui Jianghuai for $491m: Rtrs
- WDP BB : WDP Investors Opt for About 55% of Shares for Optional Dividend
- YPSN SW : Ypsomed Full Year Ebit CHF9.3 Mln, -87% Y/y, Est. CHF9.01 Mln