U.S. and European equity futures pushed higher with most Asian stocks Monday after President Donald Trump signed a coronavirus stimulus package. The dollar ticked lower with Treasuries.
S&P 500 contracts climbed after Trump backed down from last-minute demands and approved the combined $2.3 trillion Covid-19 relief and government funding package. Shares advanced in Tokyo and Seoul, and fluctuated in Hong Kong and Shanghai. The Bloomberg Dollar Spot Index dipped and Treasury yields climbed. Oil was little changed, while gold headed for its highest close in seven weeks.
Alibaba Group Holding Ltd. slid in Hong Kong despite boosting its share buyback program to $10 billion, amid ongoing concern over China’s inquiry into alleged monopolistic practices. Chinese regulators over the weekend ordered affiliate Ant Group Co. to return to its roots as a provider of payments services, a development that threatens to clip its growth.
Elsewhere, the pound fluctuated after the U.K. last week clinched an historic Brexit trade deal with the European Union.
Nikkei +0.74% Hang Seng -0.32% CSI +0.15% Shanghai -0.25% Shenzen -0.36%
Eur$ 1.2193 CNH 6.5209 CNY 6.5307 JPY 103.47 GBP 1.3563 CHF 0.8892 RUB 73.9585 TRY 7.5418 WTI$ 48.30 +0.37%
S&P+0.64% Nasdaq +0.56% EuroStoxx +0.40% FTSE Close Dax +0.66% SMI +0.49% MIB +1.12%
Macro :
- Trump Signs Virus Aid Bill After Panning $600 Stimulus Checks
Keep an eye on :
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- BABA US :Alibaba Group Upsizes Share Buyback Program to $10b From $6b
- BDRILL NO : Borr Drilling Devises $925m Liquidity Improvement Plan
- BMW GY : BMW Aims to Build 250,000 More E-Cars Through 2023, CEO Says
- CLN SW : Sabic Proposes Board Term Limits, Special Dividend for Clariant
- DAI GY : German New Car Registrations Plunged 20% in 2020, Bild Reports
- IAG LN : *BREXIT DEAL ALLOWS AIRLINES TO OPERATE FREELY BETWEEN U.K., EU
- DHER GY : Delivery Hero’s Woowa Buy Approval ‘Looks Imminent’: Jefferies
- DHER GU : South Korea Orders Delivery Hero to Sell Local Unit for Takeover
- EZJ LN : *BREXIT DEAL ALLOWS AIRLINES TO OPERATE FREELY BETWEEN U.K., EU
- GEST SM : Orix to Buy Spanish Energy Firm Elawan for About $965 Million
- LHA GY : Lufthansa Cut Costs Faster Than Expected in 2020, CEO Says
- ORSTED DC : Orsted Considers Expanding Chicago Office, Borsen Reports
- POG LN : Russian Prosecutors Ask to Detain Petropavlovsk Founder: Court
- RYA LN : *BREXIT DEAL ALLOWS AIRLINES TO OPERATE FREELY BETWEEN U.K., EU
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- TSLA US : Musk Says It’s ‘Impossible’ to Take Tesla Private, Mulls New IPO
- UNI SM : Unicaja, Liberbank Set to Agree on Merger: Cinco Dias
- VOW GY : German New Car Registrations Plunged 20% in 2020, Bild Reports