U.S. stock futures rebounded after Tuesday’s sharp decline, and the yen dipped, as investors took in Super Tuesday election results alongside the Federal Reserve’s emergency interest-rate cut. Treasuries pared gains.
Joe Biden’s surprise comeback in the race blunted the chance of the Bernie Sanders nomination that had unsettled some investors. Futures on the S&P 500 rose more than 1% after the index tumbled almost 3% in wake of the 50 basis-point Fed move that failed to ease concerns about an economic downturn. A volatile session for Asian stocks saw declines in Australia offset gains in South Korea, while Japan ended little changed. Chinese and Hong Kong shares fluctuated. Ten-year Treasury yields stayed below 1% after falling below that level for the first time Tuesday.
US After Hours CVET +14.8%, BNFT +9.5%, FOXF +7.1%, AMBA +6.7%, YEXT +6.2% up strongly on earnings; CDLX -28.2%, AVAV -9.5%, JWN -7.3% lead on downside
Nikkei +0.08% Hang Seng -0.18% CSI +0.15% Shanghai +0.23% Shenzen -0.25%
Eur$ 1.1157 CNH 6.9359 CNY 6.9379 JPY 107.42 GBP 1.2814 CHF 0.9573 RUB 65.8751 TRY 6.1281 WTI$47.75 +1.20%
S&P +1.18% EuroStoxx +0.27% FTSE +0.02% Dax +0.20% SMI
Macro :
- U.K. May Levy 3% Tax on Non-Residents Buying Property, FT Says
- Fed Should Have Stuck to Wait-and-See Approach on Rates: BBH
Keep an eye on :
- AMBA US : Ambarella First Quarter Revenue Forecast Beats Highest Estimate
- AMZN US : Amazon Employee in Seattle Has Confirmed Case of Coronavirus
- ANDR AV : Andritz Fourth Quarter Net Income Misses Lowest Estimate
- ARCAD NA : Arcadis CFO Leaves Dutch Company After Roughly Two-Year Stint
- ATOCA SS : Atlas Copco 1Q Growth Seen Softer After Virus Impact: Berenberg
- AUTN SW : Autoneum Full Year Ebit Loss Wider Than Estimates
- BARC LN : Banks issue emergency loans to firms hit by coronavirus crisis
- BYW6 GY : BayWa Full Year Ebit EU188.4 Mln, +9.3% Y/y
- BEKB BB : Bekaert Full Year Adjusted Ebit 2.5% Above Estimates
- BIM FP : BioMerieux Offering by Holder Prices 600k Shares for EU49m
- BOSN SW : Bossard Full Year Ebit CHF95.7 Mln
- BNR GY : Brenntag Full Year Oper Ebitda Meets Estimates
- BUCN SW : Bucher Full Year Dividend Per Share CHF8 Vs. CHF8 Y/y
- CSGN SW : Credit Suisse Sees Funding-Strain Risk Without Fed Liquidity
- DAI GY : Daimler Unit Plans Bond Issuance in Hungary, Scope Ratings Says
- PBB GY : Deutsche PBB Oper Income Beats Highest Est., ‘Cautious’ for 2020
- DLG GY : Dialog Semi Sees First Quarter Revenue $220 Mln To $250 Mln
- DOKA SW : dormakaba First Half Net Sales Match Estimates
- ELIS FP : Elis Sees 2020 Organic Revenue About +3%
- ERF FP : Eurofins Scientific Boosts 2020 Adjusted Ebitda Forecast
- EVN AV : EnBW Is Said Close to Sell $970 Million EVN Stake to Vienna
- EVK GY : Evonik 2020 Adjusted Ebitda Forecast Midpoint Meets Estimates
- EXO IM : EXOR in Pact for Sale of PartnerRe to Covea for $9B (1)
- EXO IM : Agnelli Family Agrees to Sell PartnerRe to Covea for $9 Billion
- FCA IM : Fiat Resumes Normal Production at Parts-Constrained Serbia Plant
- GLEN LN : Glencore Wins Approval for Glendell Coal Mine Extension
- HMB SS : H&M opens up global supply chain to rivals in green push, Swedish group is launching a new service to allow smaller retailers to use its supply chain - FT : https://on.ft.com/2x1ekCu
- HELN SW : Helvetia Full Year IFRS Net CHF538.1 Mln, +25% Y/y
- HWDN LN : Howden to Benefit From Better Kitchens Market, U.K. Budget: Peel
- MS IM : Mediaset Says Vivendi Threatens New Legal Action Against Merger
- MOR GY : MorphoSys, Incyte Get Antitrust Clearance for Tafasitamab Pact
- NESN SW : Nestle Waters to Cut 105 Jobs in New York State
- NOKIA FH : Nokia Cuts Max. 148 Jobs in Finland, Fewer Than Planned
- ONTEX BB : Ontex Sees 2020 Comparable Sales Growth +1% To +3%
- PNDORA DC : Pandora Cuts 180 Jobs as Part of Reorganization
- PSH NA : Pershing Says Coronavirus Likely to Have ‘Substantial’ Impact
- SESG FP : Intelsat Payout Little Changed in FCC’s Order for Airwaves Plan
- SFZN SW : Siegfried Full Year Sales Meet Estimates
- SXX LN : Sirius Shareholders Back Anglo Rescue Plan, Saving Potash Mine
- SNBN SW : SNB Is Becoming Gloomier About Global Growth, Maechler Says
- TMV GY :TeamViewer Holder Tigerluxone Sarl to Offer 22m Shrs, Share Sale by Permira Said to Be Covered @ €32
- TSLA US : World’s Biggest Wealth Fund Slashed Tesla Stake Before Rally
- UEX LN : Urban Exposure Plans Breakup After Investor Pressure: Sky
- VIV FP : Mediaset Says Vivendi Threatens New Legal Action Against Merger
- VOW3 GY : VW Jury Will Weigh Punitive Damages Over Diesel Cheating