U.S. futures and Asian stocks rose Tuesday ahead of the American presidential election, while currency traders braced for increased volatility.
Shares in Hong Kong, Australia and South Korea climbed more than 1%. Japan is closed for a holiday and Treasuries won’t trade until London opens. S&P 500 contracts advanced after the benchmark equity gauge gained Monday following last week’s 5.6% drop. Australian bond yields and the dollar fell after the central bank cut the cash rate and said it planned to buy A$100 billion ($70 billion) of five- and 10-year bonds over the next six months.
Implied volatility for the offshore yuan spiked. The one-week tenor -- often used as a proxy of market risk -- has more than doubled in the past week to the highest since Bloomberg began compiling the data in 2011. Overnight gauges for other currencies, such as the Australian dollar and sterling, also jumped as the presidential vote and its aftermath loom.
“Uncertainty will likely remain until Wednesday morning when we should have clarity on who holds the Presidency and Senate, assuming and this is a big if, the polls are correct,” Sebastien Galy, a senior macro strategist at Nordea Investment Funds SA, wrote in a note.
US After Hours CRUS +9.6%, MED +9.6%, INSP +9.8% up big on earnings; SEDG -18.9%, FRPT -7.2%, PYPL -6.1% down on earnings
Nikkei +1.39% Hang Seng +2.35% CSI +0.99% Shanghai +1.25% Shenzen +1.24%
Eur$ 1.1655 CNH 6.6891 CNY 6.6925 JPY 104.71 GBP 1.2928 CHF 0.9181 RUB 80.4375 TRY 8.4414 WTI$ 36.76 -0.14%
S&P +0.53% Nasdaq +0.30% EuroStoxx +0.93% FTSE +0.82% Dax +0.88% SMI +0.83%
Macro :
- France Reports Record 52,518 New Coronavirus Cases; Deaths Climb
- Pershing Square Holdings Oct. Net Performance -2.2%
Keep an eye on :
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- AIR FP : Airbus Wins Satellite Mission to Gauge Global Warming Accuracy
- AKE FP : Bpifrance Fund Takes 5% Stake in Arkema
- AAPL US : Apple to Start Intel Breakup Next Week With New Mac Laptops (1)
- ARYN SW : Aryzta Gets AGM Resolutions to Not Re-Elect Some Board Members
- ASCL LN : Ascential Asks Bankers to Auction DeHavilland Unit, Sky Says
- B2H NO : B2Holding 3Q Net Income Misses Estimates
- BATS LN : BAT Buys Dryft Sciences’ Pouches Business in Oral Nicotine Push
- BMPS IM : Paschi Board Said to Discuss Possible Capital Hike on Provisions
- BNP FP : *BNP PARIBAS 3Q FICC TRADING RISES 36%, BEATS ESTIMATE
- BNP FP : BNP Traders Beat Estimates Amid Smaller-Than-Forecast Provisions
- BAYN GY : Bayer 3Q Adjusted Ebitda Misses Estimates
- BAYN GY : Bayer Fails to Settle Roundup Suits, Risking a Restart of Trials
- CA FP : Carrefour Buys Bio C’ Bon for EU60M; Deal Is Positive: Analyst
- DBK GY : Deutsche Bank Looking for Ways to End Ties With Trump: Rtrs
- DSM NA : DSM 3Q Adjusted Ebitda Misses Estimates
- ENI IM : Eni Free to Unload Stricken Oil Tanker Without Risk of Sanctions
- EI FP : EssilorLuxottica 3Q Revenue In Constant Currency -1.1%
- RF FP : Eurazeo Sells Farfetch Stake, Net Proceeds EU90.4m
- FPE GY : Fuchs Petrolub Maintains FY Ebit -15%
- GFS LN : G4S Is Said to Reject Takeover Proposal From Allied Universal
- HFG GY : HelloFresh 3Q Adjusted Ebitda EU114.7M Vs. EU15.5M Y/y
- BOSS GY : Hugo Boss 3Q Ebit Beats, Sales Miss Estimates
- BAER SW : Julius Baer Is Open to Bigger Acquisitions: CEO in The Market
- SDF GY : Intrepid Potash 3Q Adjusted Ebitda Misses Estimates, Mosaic 3Q Adjusted EPS Beats Estimates
- KCO GY : Kloeckner 9M Adjusted Ebitda EU72M
- LEHN SW : Lem 1H Ebit Margin 19.7%
- LUN DC : Lundbeck Narrows FY Sales Guidance, Raises Core Ebit Outlook
- MERY FP : Mercialys Suspends Year Guidance, Citing Lockdown
- NIO US : Nio Gains 21% in Three Trading Days on October Sales Surge (1)
- NRS NO : Norway Royal Salmon 3Q Operating Ebit NOK35M
- OCDO LN : Ocado Allegations Over Warehouse System to Be Probed By ITC
- OCY NO : Ocean Yield 3Q Ebitda Misses Estimates
- OERL SW : *OERLIKON 3Q EBITDA CHF92M, +8.2% Y/Y, EST. CHF70M
- PNDORA DC : Pandora Keeps 2020 Guidance But Sees ‘Clear Downside Risk’
- UG FP : PSA Calls Off Adding Shift at French Plant Due to Virus Measures
- PFV GY : Pfeiffer Vacuum 3Q Sales EU152.0M
- PHIA NA : Philips Sues Boston Scientific for Diagnostics Patent Royalties
- PHTM LN : Photo-Me Says Tibergest Buys 5m Shrs at 51p/Share
- DIM FP : Sartorius Stedim Biotech Closes Purchase of BIA Separations
- SHOT SS : Scandic 3Q Adjusted Ebitda SEK90M
- SON PL : Sonae Capital Agrees to Sell Real Estate Asset for EU20.65m
- TCM LN : Telit Communications Gains After Betaville Speculates on M&A
- RIN FP : Vilmorin Sees FY Like-for-like Sales At Least +3%
- UNI SM : Unicaja 3Q Net Income Misses Estimates
- VOW3 GY : Volkswagen May Meet Tougher EU Carbon Emission Limits: FT
- YPSN SW : Ypsomed 1H Sales CHF199.3M