Stocks in Asia pared losses and U.S. equity futures rose as investors showed tentative signs of edging back into riskier assets while continuing to assess the economic impact of efforts to contain the coronavirus.
Japan declined with more modest losses in Hong Kong, while equities rose in Korea and China. Australia underperformed. Futures on the S&P 500 advanced following another session of steep declines. In the latest virus developments, fatalities rose in France and Spain, while Italy and Germany moved to extend lockdown measures and Florida ordered people to stay home. New York Governor Andrew Cuomo said a model showed the Covid-19 outbreak may not peak in the state until the end of April.
US After Hours PVH +6.1% up on earnings; SHOP -5.5% suspends FY20 guidance
Nikkei -1.21% Hang Seng -0.03% CSI +0.47% Shanghai +0.54% Shenzen +0.72%
Eur$ 1.0945 CNH 7.1165 CNY 7.1026 JPY 107.29 GBP 1.2411 CHF 0.9672 RUB 77.6612 TRY 6.6681 WTI$ 21.74 +7.04%
S&P +1.47% Nasdaq +1.33% EuroQtoxx +0.53% FTSE +0.06% Dax +0.46% SMI -0.19%
Macro :
- Scholz Demands 200 Billion Euros for EU Fight Against Corona: HB
- Italy Joins Germany in Prolonging Lockdown to Quell Outbreak
- Almost 10% of S&P 500 Firms Withdrew Forecasts: Guidance Tracker
- Many New York Coronavirus Patients Are Young, Surprising Doctors
Keep an eye on :
- AALB NA : Aalberts to Reduce Capex, Start Additional Cost Reductions
- AF FP ; France Defers Some Airline Taxes, Fees to Boost Cash Positions
- BAKKA NO : Bakkafrost 1Q Harvest Faroe Islands 10,700 Tons HOG Equivalents
- BAC US : BofA CEO Sees Economy Bouncing Back After Health Crisis Resolved
- EN FP : Bouygues Withdraws Year Guidance for Construction, TF1 and Group
- IAG LN : British Airways Expected to Suspend Around 36,000 Staff: BBC
- BULTEN SS : Bulten AB CFO Helena Wennerstrom to Resign
- COFA FP : Coface to Propose Paying No Dividend for 2019
- COM GY : Comdirect Withdraws Proposed Dividend Amid Virus Crisis
- CBK GY : Commerzbank Seeks to Cut EU500m More in Costs: WirtschaftsWoche
- ACA FP : Credit Agricole Cancels Planned Dividend; May Make 2H Payment
- CRTO US : Criteo Prelim First Quarter Revenue Ex-TAC Misses Estimates
- CYDY US : CytoDyn Jumps on Approval to Treat Severe Covid-19 Cases
- DAI GY : Daimler Board Members Agree to Pay Cuts Amid Coronavirus
- AM FP : Dassault Aviation Withdraws 2020 Guidance, Scraps Planned Div.
- DSY FP : Dassault Systemes Cuts First Quarter Non-IFRS Rev Ex-fx View
- DSY FP : Dassault License, Services Sales to Decelerate Through 1H: React
- DTE GY : Deutsche Telekom Ponders European M&A After $26.5 Billion Deal
- DIE BB : Belgian March Car Registrations Plunge 48%; D’Ieteren Has 24.4%
- EBK GY : Germany’s EnBW Hires Former Sonatrach LNG Trader
- EDP PL : Portugal’s Erse Approves Reduction in Regulated Power Tariff
- EBS AV : Erste Group Suspends 2020 Financial Guidance on Corona
- ENGI FP : Engie Withdraws 2020 Guidance, Cancels Dividend for 2019
- FCT IM : Fincantieri Full Year Revenue Misses Lowest Estimate
- FDJ GY : FDJ Gets EU380M Syndicated Loan to Pay Lottery Rights
- FI-N SW : Georg Fischer to Shut Some Plants in Europe Due to Covid-19
- KBU GY : Galeria Karstadt Kaufhof Seeks Insolvency Proceedings: WiWo
- GLJ GY : Grenke 1Q Leasing New Business Volume EU681.3 Mln, +1.6% Y/y
- HLE GY : Hella Nine Month Sales EU4.85 Bln, -6.2% Y/y
- ICAD FP : Icade Lowers Proposed Div. on Coronavirus in Response to Govt
- IDIA SW : Idorsia Proposes Mathieu Simon as Chairman, Capital Increase
- LHA GY : Lufthansa Reaches German Wage Support Deal With Pilot Union
- MC FP : LVMH-Backed Fund L Catterton Invests in Japan Cosmetic Co. Etvos
- MELE BB : Melexis Sees 1Q Rev. at High End of Guidance Range; No Final Div
- MERY FP : Mercialys to Cut Proposed 2019 Div to €0.95 From €1.15/Shr
- MBTN SW : Meyer Burger Introduces State Wage Support for Swiss Sites
- ML FP : Michelin Cuts Proposed 2019 Div to €2 From €3.85
- MITRA BB : Mithra Says Recruitment in Donesta Phase 3 Studies Delayed
- COX FP ; Nicox’s Partner Fera Files FDA Application for Naproxcinod
- NMC LN : Abu Dhabi Commercial Bank Exposure to NMC Health at $981 Million
- NOVN SW : Novartis Says Sandoz US Generic Oral Solids Sale Terminated
- NOS PL : NOS Agrees to Sell International Carrier Services Unit to iBasis
- PSON LN : Pearson Has Headroom; Looking at Options to ‘Maximize Liquidity’
- RNO FP : Nissan Europe Unit Says Supplier Payments Were Delayed
- RKET GY : Rocket Internet Full Year Net EU280.0 Mln
- GLE FP : SocGen Won’t Use Short-Time Working, Defer Tax During Crisis
- SW FP : Sodexo Plans EU30m Program for Lay-Offs Due to Site Closures
- SMHN GY : Suess MicroTec Sees 2020 Ebit Margin 2.5% To 3.5%
- TFP FP : TechnipFMC Slashes Budget by a Third After Oil-Price Crash
- TOM NO : Tomra Systems to Resolve Dividends for 2019 at Later Stage
- UTDI GY : United Internet Launches Share Buyback Program for up to EU150m
- VIE FP : Veolia Suspends FY Targets, Halves Proposed Div. on Coronavirus
-VOW" GY : Merkel, Auto Executives Explore Ways to Restart Assembly Lines