The powerful rally in sovereign bonds gathered pace on Friday, sending benchmarks to historic lows and stirring unease in equities in volatile trading.
Thirty-year Treasury yields slid below 1.5% for the first time, Chinese 10-year yields hit levels unseen since 2002 and Australian ones saw all-time lows. An initial gain in futures on the S&P 500 Index was wiped out, signaling further losses after a 3.4% tumble Thursday. Japanese stocks fell more than 3% and Korean, Hong Kong and Australian shares over 2%. The yuan dropped, though Chinese equities continued to outperform peers. The yen extended gains to a fresh six-month high.
US After Hours OOMA +9.1%, ASPS +7.7% up on earnings, but AOBC -26.2%, HRB -6.2% are weak
Nikkei -2.72% Hnag Seng -2.31% CSI -1.29% Shanghai -0.86% Shenzen -0.25%
Eur$ 1.1227 CNH 6.9533 CNY 6.9511 JPY 105.858 GBP 1.2953 CHF 0.9449 RUB 67.72 TRY 6.1067 WTI$ 45.54 -0.87%
S&P -1.18% Nasdaq -1.16% Eurostoxx -2.50% FTSE -2.01% Dax -2.43% SMI -0.87%
Macro :
- Citi Shoots Down Wall Street’s V-Shaped Recovery Theory
- Sequoia Capital Warns Startups of Coronavirus ‘Black Swan’ Event
- IMF Says Budget Issues Shouldn’t Stop Countries’ Virus Spending
Keep an eye on :
- ACCEL NA : Accell Full Year Net Income EU2.8 Mln, -86% Y/y
- AIR FP : Airbus Logs No Orders, No Cancellations in February
- AZA IM : Italy Sets New Deadline to Express Interest in Alitalia
- BAYN GY : Bayer’s March Trial Over Roundup is Postponed as Talks Continue
- CARLB DC : Carlsberg Probing India Operations for Fraud: ET
- CGG FP : CGG Fourth Quarter Segment Ebitdas Meets Estimates
- COFB BB : Cofinimmo Buys Troon 100 Office in Brussels for About EU40m
- DANSKE DC : Danske Splits Up Trading Floor to Protect Staff From Coronavirus
- EL FP : EssilorLuxottica 1H Rev. Growth to Lag FY Goal on Coronavirus(1)
- EL FP : EssilorLuxottica Sees 2020 Rev. Change Ex-FX +3% To +5%
- EURN BB : Euronav Buys Fourth VLCC Under Construction for $93m
- GS US : Goldman Sachs Unit in Talks to Buy Stake in Permira: DJ
- HSBA LN : HSBC Confirms Employee in China Has Coronavirus, Reuters Says
- IBERCAJA BANCO IPO : Ibercaja Aims to Hold IPO Before Summer: Expansion
- IFX GY : Cypress Semiconductor Sinks on Report of Infineon Deal Scrutiny
- INW IM : Inwit Full Year Revenue 1.5% Above Estimates
- DEC FP : JCDecaux Proposes Switch to European ‘SE’ Company
- KER FP : Prada -3.42% -21.12% YTD - KERING -14.3% YTD
- LAND SW : Landis+Gyr Names Werner Lieberherr as CEO
- MC FP : Prada -3.42% -21.12% YTD - LVMH -9.57% YTD
- MLM IM : MolMed to Develop Viral Vectors for Autolus CAR-T Programs
- PSM GY : NuCom’s Meet Group Deal Seen as ‘Positive Outcome’ at Canaccord
- PST IM : Poste Italiane 2020 Revenue Forecast 1.6% Above Estimates
- PRY IM : Prysmian Full Year Revenue Meets Estimates
- RHK GY : Asklepios Crosses 50% Mark in Rhoen-Klinikum Voting Rights
- SEBA SS : SEB’s Large Clients See Limited Coronavirus Impact, DI Reports
- SCHO DC : Schouw 2020 Ebit Forecast Misses Estimates
- SFSN SW : SFS Full Year Ebit 1.8% Above Estimates
- TEF SM : Telefonica Said to Weigh Splitting Undersea Cables from Telxius
- TIT IM : Italy Fines Telecom Italia For Abusing Fiber Market Dominance
- VIV FP : Universal Music Group Asks Employees Not to Attend SXSW: Variety
- VOD LN : Vodafone Said to Win Conditional EU Approval for Italy Tower Bid
- ZUGN SW : Zug Estates Full Year Adjusted Net CHF31.4 Mln, +9.7% Y/y