Asian stocks dropped Thursday after shares tumbled in the U.S. and Europe, as rising coronavirus infections and tougher lockdowns added to worries about the economic hit from the pandemic. U.S. futures rebounded from the worst of the overnight declines.
Losses were more modest across Asia than in the American session, with shares in Australia faring worst and those in China rising. S&P 500 contracts climbed about 1% after the benchmark lost 3.5% Wednesday -- its biggest drop since June. European futures also gained. The dollar gave back some of its overnight advance and 10-year Treasury yields held around 0.78%. Oil was steady after tumbling more than 5% on concern rising infections will sap demand.
In China, nearly 1,000 firms are releasing third-quarter earnings on Thursday, with traders looking to see if the results confirm the nation’s accelerating recovery. The yen held a small decline after the Bank of Japan kept its key interest rate and asset purchases unchanged.
US After hours PINS +31%, F +4.4%, WDC +3.3%, NOW +2.9% higher on earnings; BLKB -12.2%, PI -8.8%, EBAY -4.7%, RCII -4.7%, TDOC -4.4% lower on earnings
Nikkei -0.37% Hang Seng -0.39% CSI +1.21% Shanghai +0.45% Shenzen +0.79%
Eur$ 1.1750 CNH 6.7079 CNY 6.7074 JPY 104.35 GBP 1.3002 CHF 0.9098 WTI$ 37.58 +0.51%
S&P +1.16% Nasdaq +1.26% EuroStoxx +0.78% FTSE +0.52% Dax +0.72% SMI +0.37%
Macro :
- Hurricane Zeta Leaves 2 Million Across Gulf Coast in Dark (3)
Keep an eye on :
- ABI BB : AB InBev 3Q Adjusted Ebitda Beats Estimates
- ACS SM : ACS 9M Net Income EU477M
- ADYEN NA : Adyen Posts Higher Profit After Retail Business Picks Up
- AGN NA : Aegon Sells San Francisco Pyramid Complex for $650 Million
- AIR FP : Airbus 9-Month Net Commercial Orders At 300 Vs. 127 y/y
- AIR FP : Airbus Stems Cash Outflow, Charts Path Through Covid Crisis
- AIXA GY : Aixtron Sees FY Revenue EU260M to EU280M, Saw EU260.0M to EU300M
- AKERBP NO : Aker BP 3Q Ebitda Beats Estimates
- AMG NA : AMG 3Q Ebitda $14.1M
- ARCAD NA : Arcadis 3Q Net Revenue EU604M
- AT1 GY : Aroundtown YTD Disposals at ~EU1.9b; in Talks for Added Sales
- ASMI NA : ASMI 4Q Revenue Forecast Beats Estimates
- ATL IM : Atlantia Rejects Italy’s State Lender Revised Bid for Autostrade
- ATL IM : Atlantia’s Motorway Unit Close to Deal on New Toll System: Rtrs
- BFSA GY : Befesa 3Q Ebitda EU29.3M
- BEFB BB : Befimmo Cuts FY Adjusted EPS Forecast, Misses Estimates
- COFB BB : Cofinimmo Nears EU200m Purchase of Integrale Properties: Libre
- DB1 GY : Deutsche Boerse 3Q Ebitda Misses Estimates (1)
- GIL GY : DMG Mori AG Boosts FY Ebit Forecast
- DNO NO : DNO 3Q Revenue Misses Estimates
- DPW GY : Deutsche Post to Deliver 1.8 Billion Parcels This Year: Funke
- DOV IM : DoValue: New UTP Servicing Agreement in Italy for About EU500m
- DRW3 GY : Draegerwerk 3Q Ebit Margin 14.7% Vs. 1.40% Y/y
- DSV DC : DSV Says Panalpina Integration Completed; to Buy Back Shares (1)
- EDP PL : EDP Renovaveis 9M Net Income EU319M
- EQNR NO : Equinor 3Q Adjusted Net Misses Ests; Takes $2.93b of Impairments
- ZIL2 GY : Elringklinger, Plastic Omnium to Create Fuel Cell JV
- EO FP : Faurecia Share Sale by Peugeot Order Book Is Covered: Terms
- GLJ GY : Grenke 9M Net Income EU55.7M
- IBE SM : Spain Could Become Green-Ammonia Exporter With Hydrogen Project
- JMT PL : Jeronimo Martins to Pay Dividend After 9-Month Sales Rise
- MC FP : Tiffany Board Approves Sale to LVMH at Lower Price: FT
- NOKIA FH : Nokia 3Q Net Sales Miss Estimates
- NOKIA FH : Nokia Starts Strategy Shift as It Lowers Outlook for 2020
- NOVN SW : Novartis Buys Vedere Bio for Total $280m
- MMGRB SS : Nordstjernan Buys Extra Share in Momentum Group; to Make Offer
- NVDA US ; Nvidia CEO Argues Arm Purchase Will Strengthen Ecosystem (1)
- NXI FP : Nexity 3Q Backlog EU5.72B
- ORA FP : Orange Raises Dividend, Roaming Loss Continues to Hit Earnings
- UG FP : PSA Sold 7% of Faurecia for About EU308M
- POM FP : Elringklinger, Plastic Omnium to Create Fuel Cell JV
- REP SM : Repsol Weighs to Buy Canada Oil on Mexico, Venezuela Squeeze
- RXL FP : Rexel 3Q Sales EU3.16B
- SAN FP : Sanofi Profit Forecast Nudged Up on Dupixent, Flu Vaccine Gains
- SW FP : Sodexo FY Underlying Operating Profit Beats Estimates
- SONC PL : Efanor Holds 92% of Sonae Capital After Offer, Euronext Says
- SEV FP : Suez Reports Lower Profit, Reiterates Opposition to Veolia Deal
- SCMN SW : Swisscom 3Q Net Revenue Beats Estimates
- SCMN SW : Swisscom Proposes Rechsteiner as Chairman, Names Stermetz CFO
- SUN SW : Sulzer Sees FY Net Orders -3% to -4%
- SY1 GY : Symrise 9M Sales EU2.70B
- TEF SM : Telefonica Proposes Redeeming Treasury Shares
- TFI FP : TF1 3Q Revenue EU478M
- TGS NO : TGS 3Q Ebitda $62.2M
- 8TRA GY : Traton Sees Oper. Return on Sales -1% to +1%
- VOW gY : *VW SEES FY ADJ. OPERATING PROFIT POSITIVE, `SEVERELY LOWER' Y/Y
- VOW GY : Volkswagen Swings to Profitability on Car-Sales Rebound in China
- WLN FP : Worldline Said to Pick Banks to Sell $3.5 Billion Terminals Unit
- WLN FP : Worldline 3Q Revenue Meets Estimates
- WPP LN : WPP to Announce Five-Year Plan Thursday: Business Insider