Japanese stocks surrendered gains and U.S. futures came off their highs Tuesday after a wave of initial enthusiasm about central banks kicking into gear to protect the global economy from the hit of the coronavirus.
Central bankers from the U.S., Japan and Europe pledged to act as appropriate to address mounting risks from the coronavirus and Group of Seven finance chiefs confer by phone Tuesday. The Aussie gained after the Reserve Bank of Australia cut rates by a quarter point and said it is ready to ease further. A report from South Korea showing another jump in coronvirus cases there, while on par with Monday, underscored that the disease continues to spread. U.S. 10-year yields slid, the yuan dipped and S&P 500 futures gave up about half their gains.
US AFter Hours WIFI +13.4% up on earnings, but TLRY -11.4% and ZGNX -4% showing weakness; V and MCHP tick lower on weak guidance due to coronavirus
Nikkei -1.22% Hang Seng +0.88% CSI +1.275 Shanghai +0.62% Shenzen +0.94%
Eur$ 1.1145 CNH 6.9803 CNY 6.9806 JPY 108.76 GBP 1.2790 CHF 0.9581 RUB 66.5190 TRY 6.1991 WTI$ 47.38 +1.35%
S&P +0.15% EuroStoxx +0.92% FTSE +0.31% Dax +0.86% SMI
Macro :
- ECB Joins Central Banks Pledging Coronavirus Action If Needed
- G-7 Finance Chiefs, Central Bankers Plan Virus Call Tuesday
- China Stocks Will Continue to Beat U.S. Equities: Macro View
- Hedge Funds Kept Buying the Dip in Stocks Amid Last Week’s Rout
- Stoxx600 : Additions: BAWAG Group, Rational, Teamviewer, Acciona, La Francaise Des Jeux, Vistry Group, Genus, Games Workshop, Redrow, Trainline, Countryside Properties, BE Semiconductor, Entra, Samhallsbyggnadsbolaget i Norden, Wihlborgs Fastigheter Deletions: Telenet Group, OC Oerlikon Corporation, HELLA, K+S, Bankia, Air France-KLM, Altran Technologies, JCDecaux, Casino Guichard-Perrachon, Lagardere, Tullow Oil, Jupiter Fund Management, NMC Health, AIB Group, Pirelli & C.
Keep an eye on :
- AI FP : Air Liquide in Talks to Sell CRYOPDP to Hivest Capital Partners
- AAPL US : IPhone Maker Expects China Plants Back to Normal in Coming Weeks
- BEI GY : Beiersdorf Sees 2020 Organic Revenue +3% To +5%
- BIM FP : Hype Over Qiagen’s Virus Test Was Overdone, Kempen Analyst Says
- CO FP : BAWAG, Others to Join Stoxx Europe 600; Casino, K+S to Drop Out
- IAG LN : British Airways to Merge Some Flights, Waive Fees Due to Virus
- DIE BB : Belgian Feb. Car Registrations Drop 6.3%; D’Ieteren Has 20.9%
- HAL NA : HAL Raises Stake in SBM Offshore to 20.35% Per Feb. 28
- HFG GY : HelloFresh Sees 2020 Adjusted Ebitda Margin 4% To 5.5%
- IGX GY : Infineon, STMicro Readacross from U.S. Peers Reassuring: Citi
- IMPN SW : Implenia Says Swiss Life Intends Up to 15% Holding in Ina Invest
- IPR PL : Impresa Full Year Net Income EU7.8 Mln Vs. EU3.1 Mln Y/y
- ITP FP : Inter Parfums Fourth Quarter EPS Beats Estimates
- JUP LN : Jupiter Backs Barclays Shareholder Resolution on Climate Change
- KGX GY : Kion 2020 Adjusted Ebit Forecast Midpoint Meets Estimates
- LISN SW : Lindt & Spruengli Full Year Div/Shr CHF1,750 Vs. CHF1,000 Y/y
- LOGN SW : Logitech Cuts Full Year Adjusted Operating Income Forecast
- MED SW : Medartis Full Year Sales Meet Estimates
- MCRO LN : Micro Focus to Postpone Refinancing Due to Market Conditions
- NOVN SW : Novartis’ Sandoz Settles U.S. Generic Drug Price-Fixing Charges
- OERL SW : Oerlikon Sees 2020 Sales Between CHF2.5b-CHF2.6b, Est. CHF2.64b
- PIRC IM : Pirelli Full Year Dividend Per Share EU0.183 Vs. EU0.177 Y/y
- POLY LN : VTB May Partner With Polymetal on Veduga Project, IFX Says
- QIA GY : Hype Over Qiagen’s Virus Test Was Overdone, Kempen Analyst Says
- QIA GY : Thermo Fisher Is Said to Be in Advanced Talks for Qiagen official bid @ 39/share
- RIO LN : Rio Narrowing Focus in Battery Raw Materials Hunt, UBS Says
- ROG SW : Roche Gets FDA Breakthrough Therapy Designation for Esbriet
- ROU BB : Roularta, Bayard Swap Magazine Stakes in Belgium, Germany
- SAN FP : FDA Approves Sanofi’s Sarclisa in Multiple Myeloma Treatment
- SAN FP : *SANOFI EXEC. SAYS PRODUCING EXPERIMENTAL LOT OF VACCINE NOW
- SBMO NA : HAL Raises Stake in SBM Offshore to 20.35% Per Feb. 28
- SNR LN : Boeing Supplier Sees Max Trailing Production Goal for Four Years
- SLHN SW : Implenia Says Swiss Life Intends Up to 15% Holding in Ina Invest
- SAX GY : Stroeer Full Year Revenue 1.9% Below Estimates
- SREN SW : UBS’s Ermotti to Be Nominated as Swiss Re Chairman From 2021
- TEF SM : Telefonica’s O2 Pledges to Cut Its Supplier Emissions by 30%
- TEL NO : Telenor Targets Revenue Growth 0-2% a Year, Keeps Other Targets
- TUI LN : TUI AG Only Sees Marginal Effect on Ops Due to Coronavirus
- UBSG SW : UBS’s Ermotti to Be Nominated as Swiss Re Chairman From 2021
- VACN SW : VAT Full Year Net Sales Beat Highest Estimate
- VIFN SW : Fitch Assigns Vifor Pharma BBB- First-Time IDR
- VITR SS : Vitrolife Says Coronavirus to Cut Asia Sales by ~30% in 1Q
- ZAG AV : Zumtobel Nine Month Adjusted Ebit EU46.9 Mln