Stocks traded mixed on Friday as investors mulled the recent strength in global equities and awaited key data from the U.S. labor market. Oil extended gains from a nine-month high after an OPEC+ deal.
S&P 500 futures ticked higher, while European contracts edged lower. Stocks gained in South Korea and Taiwan and fluctuated elsewhere. The Taiwan dollar hit its highest since 1997 and the won strengthened. Technology shares outperformed, with an MSCI gauge of the Asian sector climbing to a record after the Nasdaq Composite eked out a gain to close at its own all-time high.
Earlier, the S&P 500 spent most of the session at a record high before a report that identified supply chain problems behind a previously disclosed slowdown in Pfizer Inc.’s production plans for its Covid-19 vaccine. On the pandemic front, California will lock down its economy if its critical-care capacity reaches its limit.
Elsewhere, Treasuries were little changed after recovering somewhat Thursday. The dollar steadied after a further decline. U.S. junk bond yields hit record lows overnight. Data later Friday is expected to show U.S. employment gains probably slowed only modestly in November despite a record surge of coronavirus cases.
US After Hours PD +15.3%, DOMO +8.5%, CLDR +7.9%, DOCU +2.2% up on earnings; YEXT -11.1%, OLLI -9.5%, MRVL -6.1%, ULTA -4.3% weak on earnings
Nikkei -0.22% Hang Seng +0.15% CSI +0.01% Shanghai -0.08% Shenzen +0.41%
Eur$ 1.2156 CNH 6.5203 CNY 6.5335 JPY 103.86 GBP 1.3467 CHF 0.8904 RUB 74.3905 TRY 7.8271 WTI$46.19 +1.21%
S&P +0.22% Nasdaq +0.37% EuroStoxx -0.20% FTSE +0.37% Dax -0.15% SMI -0.08%
Macro :
- Oil Stocks After OPEC+ Reaches Deal, Boosting Crude Prices
- Germany Extends $37 Billion Backstop for Credit Insurers to June
- EU Aims to Have 30 Million Electric Cars on the Road by 2030
- Germany Blocks Sale of Electronics Firm to Chinese Investor: HB
- Japan Parliament Approves Post-Brexit Trade Deal With U.K.
- Fund Flows Increase to Bonds With EMs Favored, Jefferies Says
- U.K. Car Sales Fall Most in Five Months as Lockdown Hits Dealers
- Banks May Warn About Credit at Goldman Event, Crisafulli Says
Keep an eye on :
- ARR NO : Arribatec Offering Prices 50m Shares at NOK2.20/Share
- BAS GY : BASF’s Strategy Faces a Reckoning When It Comes to Emissions
- BME LN : B&M Shrugs Off Winter Uncertainty With Profit Upgrade: React
- BMPS IM : Monte Paschi Board Set Review Capital Options Within Weeks
- AM FP : Indonesia Close to Ordering 36 Rafale Jets, French Minister Says
- DIC GY : DIC Asset Targets EU1.6b For New Open-End Institutional Fund
- EDF FP : EDF Must Improve Reactor Safety to Get Lifetime Extensions: ASN
- ELE NO : Element Offering Prices 15m Shares at NOK4/Share
- EQNR NO : Equinor Seeking Bidders for Drilling Powered from Land: Upstream
- FLEXM SS : Flexion Mobile Offering Prices 6.53m Shares at SEK14.30/Share
- GUNN SS ; Altor, Stena Adactum Hold 96% of Gunnebo Shares; Completes Offer
- GLJ GY : Siemens Energy to Be Included in MDAX Index, Replacing Grenke
- HEX NO : Hexagon Purus Offering Prices 27.5M Shares at NOK27.3/Share
- HUNT LN : Hunters Property, Property Franchise in Early Talks of Deal: Sky
- IMCD NA : IMCD Buys Two Speciality Distribution Firms in Mexico; No Terms
- LATOB SS : Latour Holder Sells 11m Shares at SEK190/Shr
- EGL PL : Mota-Engil Plans Shareholder Meeting to Approve Capital Increase
- COX FP : Nicox Raises EU15M in Private Placement of 3.53M New Shares
- PUB FP : Visa has announced it has tapped both Wieden+Kennedy and Publicis Groupe to handle all of its global creative work.
- RAND NA : Randstad Launched Probe Into Cyber Incident Affecting Servers
- RCO FP : Rémy Cointreau Sells Its Shares in the Passoã SAS Joint Venture to the Lucas Bols Group
- ENR GY : Siemens Energy to Be Included in MDAX Index, Replacing Grenke
- SKAB SS : Skanska Sells U.K. Infrastructure Services Business for GBP50m
- TBCG LN : TBC Bank Group Holder EBRD Said to Offer 1.65m Shrs
- UCG IM : Monte Paschi Board Set Review Capital Options Within Weeks
- UBSG SW : Keller-Busse to Succeed Lehmann as President UBS Switzerland
- VQT GY : German Smallcap Becomes a Hot Trade on Vaccine Cold Storage Need
- VOW GY : VW CEO Plans to Fulfill Contract Despite Internal Wrangling
- WDI GY : EY Criticizes German Watchdog Over Wirecard-Audit Complaint