Asian stocks retreated and U.S. equity futures fluctuated as the ongoing spread of the coronavirus outweighed signs China’s economy is recovering.
Stocks were down in more than 1% in Japan, Hong Kong and Australia, and had a more modest drop in China, where markets reopened after a two-day holiday. S&P 500 contracts swung between gains and losses. South Korean shares slipped after the country’s finance minister ruled out another budget for this year. Treasuries were steady and the dollar dipped.
Nikkei -2% Hang Seng -1.25% CSI -0.94% Shanghai -0.74% Shenzen -0.57%
Eur$ 1.1260 CNH 7.0708 CNY 7.0758 JPY 107.10 GBP 1.2380 CHF 0.9467 RUB 69.8122 WTI$ 37.79 -1.82%
S&P -0.27% Nasdaq -0.56% EuroStoxx -0.75% FTSE -0.93% Dax -0.81% SMI -0.69%
Macro :
- The Equity Offerings to Follow in Europe: ECM Watch
- Quant Giant Dimensional Takes Aim at $4.4 Trillion ETF Market
- Facebook Ad Boycott Sinks Stock, Raises Pressure on Zuckerberg
- Stocks Added to the S&P 500 Get Lost in the Crowd
- Next Wave of Debt Tsunami Could Fuel Volatility in Markets
- JPMorgan Outlines How to Hedge in a Zero-Yield, Covid World
- *PBOC REITERATES PRUDENT MONETARY POLICY WITH MORE FLEXIBILITY
Keep an eye on :
- AF FP : Government Aid for KLM Enough to Survive Corona Crisis: Dutch PM
- AMBEA SS : Ambea CEO Fredrik Gren to Leave Company
- AAPL US : Apple’s App Store Rules Scrutinized in U.S. Antitrust Probe
- BA US : Boeing Max Is Seen Poised for Key FAA Test Flight Next Week
- IAG LN : British Airways Reaches Deal to Cut 350 Pilots, Sun Reports (1)
- BSIG US : Generali Approaches Brightsphere on Possible Buy: Reuters
- CHK US : California University Paid $1.14 Million After Ransomware Attack
- CBK GY : Commerzbank Said to Mull 7,000 Job Cuts, 400 Branch Closures
- CC1 GY : ADO Properties Exercises Call Option to Get Control of Consus
- DRRX US : Gilead to Terminate HIV Product License Agreement With Durect
- FB US : Unilever Will Halt U.S. Ads on Facebook, Twitter Through 2020
- FB US : Facebook’s Widening Ad Exodus Means More Risks to Revenue Growth
- G IM : Generali Approaches Brightsphere on Possible Buy: Reuters
- IBE SM : Iberdrola Will Increase Offer Price for Infigen to A$0.89 Each
- ISP IM : Aleatica Buys Intesa Sanpaolo’s Controlling Stake in Brebemi
- ISP IM : Paschi Board to Meet on Transfer of Bad Loans, Messaggero Says
- INTU LN : Intu Called in Administrators After Lenders Refused Moratorium
- LHA GY : Thiele Says Lufthansa Restructuring Will Take 5-6 Years: BamS
- LLOY LN : Lloyds Bank to Extend Push Into Wealth Management, Insurance: FT
- NESN SW : Uganda and Nespresso Join in Push for Trendy African Coffee
- NOVOB DC : Novo’s Rybelsus Approved in Japan for Treatment of Diabetes
- NYR BB : Nyrstar Auditor Resigns to Avoid Potential Conflict of Interest
- OR FP : L’Oreal to Drop Words Like ‘Whitening’ From Skin Products: Rtrs
- OSR GY : EU Antitrust Regulators to Clear AMS’ Bid for Osram: Reuters
- PARG SW : Parjointco, Parties Own 98.55% of Pargesa, To Start Squeeze-Out
- PDL LN : Struggling Diamond Miner Petra Puts Itself Up for Sale
- SAN SM : Santander to Partially Redeem, Cancel EU500m Territorial Bonds
- SBMO NA : SBM Offshore Joins Project to Rescue Stranded Gas in Australia
- SINCH SS : The 170% Stock-Price Rise Leading European Equities This Year
- SRAIL SW : Spain’s Renfe to Award Contracts for 37 Trains, Cinco Reports
- TLG GY : TLG Immobilien Sells Retail Properties in Germany for EU490m
- UBSG SW : Swiss Opposition Grows to Legal Change That Could Help Out UBS
- VASTN NA : Vastned Investor Seeks Exit of Management, Supervisory Board: FD
- WDI GY : Germany to End Contract With Financial Panel Over Wirecard: BamS
- WDI GY : British Fintech Firms Caught Out By Wirecard Crisis
- WDI GY : Private Equity, Worldline Interested in Wirecard Parts, FAZ Says
- WDI GY : Wirecard’s Philippine Business Partners Under Probe, FT Says
- WDI GY : Tortoise to Remove Wirecard From Global Digital Index on June 29
- WLN FP : Private Equity, Worldline Interested in Wirecard Parts, FAZ Says