U.S. equity futures erased losses and European contracts retreated, while China’s yuan rose in offshore trading after a slightly stronger-than-anticipated fixing for the domestic exchange rate.
Stocks in Shanghai recovered to trade little changed after opening modestly lower as Chinese traders came back online after a five-day break. Australian shares fell, while Hong Kong and Korean ones advanced. Japan was shut. Oil prices snapped five days of gains, while the yen climbed to the highest since mid-March, back when markets were roiled by emergency demand for dollar cash. Treasuries opened little changed in London.
US After Hours MELI +15.9%, BYND +6%, ATVI +5.4% up on earnings; PINS -16.5%, MAT -9.4%, EA -4.3%, DIS -2.8% are weaker on earnings
Nikkei -2.84% Hang Seng +1.17% CSI +0.22% Shanghai +0.29% Shenzen +1.11%
Eur$ 1.0822 CNH 7.1052 CNY 7.0907 JPY 106.38 GBP 1.2424 CHF 0.9736 RUB 73.58 TRY 7.0868 WTI$ 24.24 -1.30%
S&P +0.57% EuroStoxx -0.32% FTSE -0.27% Dax -0.36% SMI +0.04%
Macro :
- ECB Fully Committed to Inflation Mandate After German Ruling
- Qatar Wealth Fund Said to Seek $7.6 Billion Loan Backed by Stock
- Hedge Fund Westbeck Surges 44% in April After Epic Oil Crash
- European Banks Seek Sovereign Debt Relief in Next Lobbying Push
- Paul Singer's Elliott Management reportedly called gold 'one of the most undervalued' assets around, as hedge funds bet big on
- German New Virus Infections Rise Before Talks on Further Easing
Keep an eye on :
- ABI BB : AB InBev’s Deal for Craft Brew Likely to Get DOJ Ok, MKM Says
- AIR FP :
- ALFEN NA : Alfen NV 1Q Adj. Ebitda EU4.6M; Can’t Give Any Further Guidance
- ALKB DC : ALK-Abello Maintains 2020 Forecast; 1Q Beats Estimates (1)
- ATC NA : ATUS Holder Canada Pension Plan Investment Board to Offer Shrs
- AMBUB DC : Virus Contagion Risk Pushes Doctors Toward Ambu Scopes, CEO Says
- APAM NA : Aperam First Quarter Ebitda EU70 Mln, -14% Y/y
- AKE FP : Arkema 1Q Ebitda Down 19% To EU300M; Co. Steps Up Cost Cuts
- AZN LN : AstraZeneca’s Farxiga Approved by FDA for Type of Heart Failure
- BIM FP : BioMerieux To Launch Two SARS-CoV-2 Antibody Tests
- BMW GY : BMW 1Q Ebit EU1.38b Versus EU589m in 1Q 2019 (1)
- BMW GY : BMW Joins Car Peers With Warning of Coronavirus Profit Slump
- CNHI NA : Class 8 Truck Orders Fell 72% Y/y in April, Jefferies Says
- ACA FP : Credit Agricole Sees Provision Surge as Bank Girds for Bad Loans
- CSGN SW : Credit Suisse Lures Traders to an Oil Bet Linked to Battered USO
- DAI GY : Mercedes-Benz Fined 77.6b Won by S. Korea Over Diesel Emissions
- DANSKE DC : Danske Bank Seizes on Bond Market Thaw to Raise $1.1 Billion
- DLG GY : Dialog Semi Sees Second Quarter Rev. About $260 Mln to $290 Mln
- ELG GY : Elmos Semi First Quarter Ebit EU7.1 Mln, -17% Y/y
- EUCAR FP : Europcar 1Q Net Loss EU105M vs Year-Earlier Loss EU67M
- FCA IM : Fiat Chrysler Loss Shrugged Off on Relief PSA Deal Unchanged
- FSKRS FH : Fiskars First Quarter Revenue EU256.2 Mln, -4.6% Y/y
- FRA GY : Fraport Has First Loss Since 2001, Recovery Will Take Years (1)
- FRE GY : Fresenius SE First Quarter Sales EU9.1 Bln, Est. EU8.93 Bln
- FME GY : Fresenius Medical First Quarter Ebit EU555 Mln
- HNR1 GY : Hannover Re First Quarter Net Income EU300.9 Mln, +2.5% Y/y
- HFG GY : HelloFresh Converts Offer 27.5% to 40% Conversion Premium: Terms
- HSX LN : Hiscox Equity Offering Orders Below 650p Each Risk Missing Out
- INTRUM SS : Intrum First Quarter Adjusted Ebit SEK1.10 Bln, -19% Y/y
- ISS DC : ISS First Quarter Revenue DKK19.13 Bln
- JEN GY : Jenoptik Sees Meeting FY Estimates; Prelim 1Q Adj Ebitda EU17m
- LAND SW : Landis+Gyr Skips Guidance, Defers Dividend Amid Hazy Outlook
- LNZ AV : Lenzing Scraps 2019 Dividend, 2020 Outlook Remains Suspended
- LLOY LN : Lloyds Lends $1.25 Billion to Small Firms Under Virus Program
- NETC DC : Netcompany Maintains Full Year Adjusted Ebita Margin About 26%
- NEOEN FP : Australia’s Biggest Solar Farm Gets Green Light After Power Deal
- NOEJ GY : Norma First Quarter Adjusted Ebita EU27.1 Mln, -32% Y/y
- NOVOB DC : Novo Nordisk Keeps 2020 Forecast; 1Q Beats Estimates (1)
- OCDO LN : Ocado Investors Recommended to Vote Against CEO Pay: The Times
- OCY NO : Ocean Yield First Quarter Dividend Per Share 5.0c Vs. 19.1c Q/q
- ORP FP : Orpea First Quarter Revenue EU981 Mln
- ONTEX BB : Ontex First Quarter Adjusted Ebitda EU66.0 Mln, +25% Y/y
- QIA GY : Qiagen Expects 12% Sales Growth in 2Q on Constant Exchange Rates
- RAA GY : Rational First Quarter Ebit EU26.0 Mln
- RMG LN : Cites takeover speculation following Czech billionaire Daniel Kretinsky’s disclosure of a stake on Friday)
- SCHA NO : Schibsted First Quarter Ebitda NOK700 Mln, -18% Y/y
- STLN SW : Schmolz + Bickenbach First Quarter Adj Ebitda Loss EU6.1 Mln
- SGRE SM : Siemens Gamesa 2Q Underlying Ebit EU33 Mln, -81% Y/y
- SOLB BB : Solvay First Quarter Adj Ebitda EU569 Mln, Est. EU502.8 Mln
- SSE LN : SSE Reports Contracts for 604MW of De-Rated Generation Capacity
- O2D GY : Telefonica Deutschland 1Q Adj. OIBDA +1.6% Y/y; Confirms FY View
- FP FP : Total Committed to Boost Dividend When Oil Rebounds, CEO Says
- UCG IM : UniCredit 1Q Loss EU2.71b on Yapi Stake Sale, Job Exit Charges
- VIE FP : Veolia 1H Current Ebit Down 19%; Plans Extra EU200M Savings
- VCT FP : Vicat First Quarter Like-for-like Sales +0.2%
- VOW3 GY : Class 8 Truck Orders Fell 72% Y/y in April, Jefferies Says
- WDI GY : Large Wirecard Holder Tells Board to Appoint New Managers: FT