Asian stocks extended a global equity rally after an emergency U.S. spending bill to combat the impact of the coronavirus added to signs of support from policy makers around the world. Treasuries edged higher and U.S. stock futures gave back some of Wednesday’s gains.
Equities gained across the region with the Asian benchmark set to advance for a fourth day. S&P 500 futures slid as California called a state of emergency due to the virus. The underlying gauge Wednesday surged more than 4% in the wake of Congress authorizing nearly $8 billion for virus prevention. The Bank of Canada joined this week’s wave of global central bank action and Australia’s finance minister on Thursday said stimulus will come very soon as speculation grew that governments will provide more help with the outbreak hitting economic growth prospects.
US After Hours MRVL +10.4%, AEO +5.4% up big on earnings while GWRE -12.4%, CMTL -4.9%, ZM -4.3% lead on the downside
Nikkei +1.09% Hang Seng +2.15% CSI +2.29% Shanghai +2% Shenzen +1.88%
Eur$ +1.1138 CNH 6.9350 CNY 6.9359 JPY 107.32 GBP 1.2875 CHF 0.9565 WTI 47.43 +1.45
S&P -0.76% Nasdaq -0.65% EuroStoxx +0.82% FTSE +0.7% Dax +0.92% SMI
Macro :
- BOE Will Cut Rate By 50Bps at March Meeting, Goldman Predicts
- Big Buyers at Bottom of Stock Rout Look to Have Been Hedge Funds
- World’s Biggest ETF Lured Most Cash in 2020 Before Stock Rally
- U.S. Investor Bull-Bear Spread -0.9: AAII
Keep an eye on :
- ADS GY : Adidas and Puma Estimates Cut on China Virus Pressure, RBC Says
- AEO LN : Aeorema Communications Sees Earnings Below Market Expectations
- AIR FP : Airbus Weighs A330 Output Cut After Largest Buyer Seeks Deferral
- BCART BB : Biocartis Full Year Revenue Misses Lowest Estimate
- BOKA NA : Boskalis Full Year Ebitda Beats Highest Estimate
- BRAME NO : BRAbank to Offer Up to 170m Shrs NOK0.50/Shr
- CCL LN : Carnival’s Princess Reroutes Ship Linked to Virus Death (1)
- CIBUS SS : Cibus Nordic Real Estate to Sell Up to 6.2m New Shares: Terms
- CSGN SW : Credit Suisse Chairman Rohner Has Sought to Extend Tenure: FT
- DBV FP : DBV To Use EU308M Cash Position to Prepare Viaskin Peanut Sales
- DLG GY : HelloFresh to Replace Dialog Semiconductor in MDAX Index
- DRW3 GY : Draegerwerk Full Year Ebit Misses Estimates
- ELAL IT : El Al: Israel’s New Travel Restrictions to Cut Revenue Further
- FCA IM : Fiat Sales Boss Leaves After Settling Dispute Over SEC Probe (1)
- FRES LN : Kingfisher, NMC Health and TUI AG to Exit FTSE 100 index
- BAER SW : Star Banker Collardi’s Past Causes Tension at Swiss Bank Pictet
- HFG GY : HelloFresh to Replace Dialog Semiconductor in MDAX Index
- BOSS GY : Hugo Boss 2020 Ebit Forecast Midpoint 3.7% Below Estimates
- HYQ GY : Hypoport Prelim Full Year Ebit Misses Lowest Estimate
- IFCN SW : Inficon Full Year Operating Income Misses Lowest Estimate
- ICP LN : Kingfisher, NMC Health and TUI AG to Exit FTSE 100 index
- IMPN SW : *NORBERT KETTERER VOTING RIGHTS IN IMPLENIA RISE TO 10% FROM 5%
- DEC FP : JCDecaux Sees First Quarter Organic Revenue About -10%
- KARN SW : Kardex Full Year Dividend Per Share CHF4.50 Vs. CHF4 Y/y
- KGF LN : Kingfisher, NMC Health and TUI AG to Exit FTSE 100 index
- KVW NA : Reggeborgh Buys ~15.66% VolkerWessels at EU22.2/Share Incl Div.
- MRK GY : Merck KGaA Assumes -1% Effect on 2020 Net Sales on Coronavirus
- MLP GY : MLP Full Year Revenue 1.8% Above Estimates
- EPIA SS : Mobilaris Plans Stockholm Listing Before End of Year, DI Reports
- MOR GY : MorphoSys Approves Issuance of 907k New Ordinary Shares
- NTGY SM : BlackRock to Buy 50% of Naturgy Stake in Medgaz: Economista
- NEL NO : NEL Fourth Quarter Revenue Beats Highest Estimate
- NMC LN : NMC Health to Be Removed From FTSE 100 When Trading Resumes
- RI FP : Pernod Ricard Invests in $75 Japanese Gin as CEO Moves Upmarket
- PNN LN : Kingfisher, NMC Health and TUI AG to Exit FTSE 100 index
- PHARM NA : Pharming Full Year Operating Profit Beats Highest Estimate
- PSM GY : ProSiebenSat.1 Struggles With Turnaround Amid Tough TV Ad Market
- PSM GY : NuCom Agrees to Buy Meet Group for $6.30 per Share in Cash
- RILBA DC : Ringkjobing Landbobank Reports DKK150m Buyback Program
- RIO LN : China Plans to Approve Developing Giant Simandou Iron Ore Mine
- SAN SM : Santander Bans Large Meetings Due to Coronavirus: Confidencial
- SAN FP : Sanofi Says Its Net Prices for Drugs Fell by 11.1% in 2019: DJ
- SAN FP : Sanofi Unit Sues CSL for Patent Royalties on Hemophilia Drug
- SIGN SW : SIG Combibloc Holder Onex to Offer 35m Shrs to Trade On March 5, Holder Prices 37.5m Shrs CHF14.20/Shr
- SIGN SW : SIG Combibloc Free Float to Rise to 79% After Onex Stake Sale
- SIOE BB : Sioen Full Year EPS Misses Estimates
- SO FP : Somfy Full Year Current Operating Income Beats Highest Estimate
- SRAIL SW : Stadler Rail Full Year Net Revenue 1.5% Below Estimates
_ TIT IM : Google, Telecom Italia Signs Cloud Services, Data Centers Deal
- TEF SM : Telefonica Says Employee in Madrid Confirmed With Covid-19
- TELIA SS : Sweden’s Armed Forces Rejects State Sale of Telia Shares: DI
- TUI LN : Kingfisher, NMC Health and TUI AG to Exit FTSE 100 index
- TWEKA NA : TKH Full Year Revenue Misses Lowest Estimate
- UBER US : Ex-Google Engineer Must Pay $179 Million Over Uber Defection
- VWS DC : Vestas Wants Former CEO Runevad to Join Board
- VNA GY : Vonovia Maintains 2020 Adj Ebitda EU1.88 Bln To EU1.93 Bln
- VOW3 GY : Volkswagen Chattanooga to Recruit 600 Production Employees
- ZOOM US : Zoom Video Has ‘Large Increase’ in Free Users Amid Outbreak