Asian stocks pushed toward the highest since February 2018, led by technology and health-care firms, as investors sought out defensive sectors and backed away from bets on a massive economic stimulus package.
Gains across Asia Pacific trading were broad based and Hong Kong outperformed, while U.S. equity futures climbed and Nasdaq contracts extended Wednesday’s surge after the American election failed to produce a clear Democratic sweep as some had expected.
The reduced likelihood of a multitrillion-dollar package meant a continued bid for Treasuries, with yields extending losses into Thursday. The offshore yuan pared some of its overnight strength. Gauges of volatility from equities to Treasuries and currencies declined.
US After Hours UPWK +18.1%, QCOM +13%, EXPE +5.8%, MTCH +3.3% up on earnings; PING -9.1%, ELF -8.5%, FROG -4%, PAYC -3.9% on downside
Nikkei +1.73% Hang Seng +2.62% CSI +1.45% Shanghai +1.26% Shenzen +1.62%
Eur$ 1.1738 CNH 6.6347 CNY 6.6418 JPY 104.43 GBP 1.2950 CHF 0.9112 RUB 77.9985 TRY 8.4722 WTI$ 38.39 -1.92%
S&P +0.65% Nasdaq +1.42% EuroStoxx +0.19% FTSE +0.29% Dax +0.25% SMI +0.22
Macro :
- EU, U.K. Warn of Big Disagreements After Intensive Brexit Talks
- U.S. PREVIEW: Fed Eyes Bounded Fiscal Stimulus After Blue Ripple
- Switzerland fourth quarter Consumer Confidence -12.8
Keep an eye on :
- AIR FP : Germany Moves Closer to $6.4 Billion Eurofighter Purchase: DPA
- AKE NO : Aker 3Q Net Asset Value Per Share NOK417 Vs. NOK461 Q/q
- AOX GY : Alstria Office Maintains FY Revenue About EU179M, Est. EU175.9M
- ANDR AV : Andritz 3Q Net Income Beats Estimates
- AAPL US : Apple Is Said to Face Shortages in Power Chips for iPhone 12
- MT NA : ArcelorMittal Shifts Focus to Returns After Hitting Debt Target
- AKE FP : Arkema 3Q Sales Beat Estimates; Sees 4Q Sales Decline of ~7% y/y
- AZN LN : AstraZeneca Covid Vaccine to Start China Trial by Yr-End:Jiemian
- BAMNB NA : BAM 9M Adjusted Pretax Loss EU81.8M Vs. Profit EU20.5M Y/y
- BPE IM : BPER Banca 3Q Net Income Beats Estimates
- BOBNN SW : Bobst Sees FY Sales About CHF1.3B, Est. CHF1.29B
- BWNG LN : Retailer N Brown Plans GBP100M Equity Offering: Sky News
- CAV1V FH : Caverion 3Q Adjusted Ebitda Misses Estimates
- CGG FP : CGG 3Q Segment Ebitdas Misses Est., Confirms Guidance (Nov. 4)
- COFB BB : Cofinimmo to Spend ~EU250m on German Projects for Schoenes Leben
- CBK GY : Commerzbank Revenue Misses Estimates, Warns on Pandemic Impact
- CBK GY : Commerzbank Boosts FY Common Equity Tier 1 Ratio Forecast
- COP GY : CompuGroup Medical SE & 3Q Adjusted Ebitda Beats Estimates
- DLG GY : Dialog Semi 4Q Revenue Forecast Beats Estimates
- DUE GY : Duerr 3Q Sales Meet Estimates; Confirms FY Guidance
- DUFN SW : Dufry's Profitability, Credit Position Faces Uncertain Recovery
- FGR FP : Eiffage 3Q Sales Meet Estimates
- ELE SM : Endesa 9M Ebitda EU3.14B
- ENX FP : Euronext Oct. Total Cash Market Transaction Value M/M -6%
- GBLB BB : GBL 9M Cash Profit EU395M
- G1A GY : GEA 2022 Margin Target Within Reach as Restructuring Pays Off
- GMAB DC : Genmab Keeps FY Revenue, Operating Income Forecasts
- HEI GY : HeidelbergCement 9M Rev. -7.9%; Sees 2020 RCOBD Above Prior Year
- HEXAB SS : Hexagon to Acquire U.S.-Based PAS Global; No Price Disclosed
- KOJAMO FH : Kojamo 3Q Revenue Misses Estimates
- LXS GY : Lanxess Narrows FY Adjusted Ebitda Forecast
- LR FP : Legrand 9M Adj. Op. Profit Down 15.7%; Sees 4Q LFL Rev. Decrease
- LOOMIS SS : Loomis Board Proposes Dividend of SEK 5.50/Share
- LHA GY : Lufthansa 3Q Revenue EU2.66b, Est. EU3.35b, Lufthansa Bleeding Cash With Flights Stunted by Lockdowns
- MONT BB : Montea 9M Adjusted EPS EU2.66 Vs. EU2.45 Y/y
- MUV2 GY : Munich Re 3Q Gross Written Premiums Beats Estimates
- NG/ LN : U.K. Grid Issues Power Warning for Second Day as Margins Shrink
- NEL NO : NEL 3Q Revenue Misses Estimates
- NEOE FP : Neoen to Build 300 MW Victorian Big Battery in Australia
- NWO GY : New Work SE Maintains FY Revenue EU275M to EU285M
- NEX FP : Nexans Narrows FY Ebitda Forecast
- NOS PL : NOS 3Q Net Income Falls 8% on Lower Roaming, Cinema Revenue
- PARG SW : Pargesa Sees FY Dividend Per Share CHF2.50
- PARG SW : Pargesa 3Q Net Assets CHF8.38B
- PRS NO : Prosafe 3Q Net Loss $24.2M
- PSM GY : ProSieben’s Quarterly Sales Beats Estimates on Ad Rebound
- QIA GY :
- RNK LN : Rank Group Plans Share Placing: Sky News
- RECIB SS : Recipharm 3Q Ebitda SEK420M
- SANT GY : S&T 3Q Ebitda EU31.7M
- SBRY LN : Sainsbury’s to Announce Plans to Cut 3,000 Jobs Thursday: Times
- SAE GY : Shop Apotheke Sees FY Adjusted Ebitda Margin 2%, Saw 1% to 2%
- SESG FP : SES Maintains FY Adjusted Ebitda EU1.12B to EU1.16B
- SWECB SS : Sweco 3:1 Share Split to Be Carried Out Nov. 10
- SGRE SM : Siemens Gamesa Sees 2021 Sales EU10.2B to EU11.2B, Est. EU10.72B
- SIFG NA : SIF 3Q Ebitda EU5.8M Vs. EU1.8M Y/y
- SKAB SS : Skanska 3Q Operating Profit Beats Estimates
- SPIE FP : Spie 3Q Ebita EU96.4M
- GLE FP : Societe Generale Posts First Quarterly Profit of the Year
- GLE FP : SocGen Rebounds From Losing Streak With Equities Trading Gains
- SOLB BB : Solvay Sees FY Free Cash Flow From Continuing Ops About EU900M
- SRCG SW : Sunrise 3Q Revenue Beats Estimates
- TEN IM : Tenaris 3Q Net Sales Beat Estimates
- UMI BB : Lithium Stocks Rise After Albemarle Year Guidance Beat Estimates
- UCG IM : UniCredit 3Q Net Income Beats Estimates
- UCG IM : UniCredit Profit Beats Estimates as Mustier Keeps Provisions Low
- VATN SW : Valiant 9M Profit CHF87.6M
- VIE FP : Veolia Quarterly Profit Gains on Cost Cuts, Rebound in Sales
- DG FP : Vinci Wins Sydney Motorway Contract Worth A$1.5b
- VOLVB SS : Volvo Launches Range of Electric Trucks Starting in Europe in 2021
- WAC GY : Wacker Neuson 3Q Ebit EU22.8M
- WIE AV : Wienerberger 3Q Net Income Beats Estimates