A global equity rally showed signs of stalling on Friday, with Nasdaq futures unwinding some of this week’s surge amid the ongoing U.S. election count. The dollar edged up from its lowest in more than two years.
U.S. and European stock futures retreated, while a gauge of Asia-Pacific shares edged higher. The S&P 500 climbed almost 2% Thursday and is headed for its best week since April. The tech-heavy Nasdaq 100 is up over 9% this week.
Gold and crude oil declined and Treasuries were little changed. The yen steadied after rising past the closely watched 104 per dollar level. Federal Reserve officials kept interest rates near zero and made no change to asset purchases while stressing that the U.S. economy needs more fiscal and monetary policy support.
US After Hours TTD +12.5%, ZG +10.4%, SQ +5%, YELP +4.9%, ROKU +3%, TTWO +2.8% on upside; AYX -9.3%, STMP -7.7%, EA -7.3%, UBER -1.8% on downside
Nikkei +0.96% Hang Seng -0.32% CSI -0.53% Shanghai -0.66% Shenzen -1.35%
Eur$ 1.1818 CNH 6.6181 CNY 6.6273 JPY 103.51 GBP 1.3127 CHF 0.9034 RUB 77.5275 TRY 8.4352 WTI$ 37.70 -2.81%
S&P -0.55% Nasdaq -0.93% EuroStoxx -0.60% FTSE -0.30% Dax -0.57% SMI -0.14%
Macro :
- U.K. to Tell People Arriving From Germany, Sweden to Quarantine
- Fund Flows Left Cash, Bonds for Stocks Last Week, Jefferies Says
- U.S. Advances $2.9b Drone Sale to UAE: Reuters
Keep an eye on :
- ANA SM : Acciona 9M Net Income EU78M
- ADP FP : ADP Says Unions Won’t Sign Business Model Change Plans
- ALV GY : Allianz 3Q Operating Profit Beats Estimates
- AMS SM : Amadeus 3Q Adjusted Net Loss EU125M, Est. EU162.2M
- AML LN : Kuwaiti Investor Adeem Sells GBP1.79m of Aston Martin Shares
- AMS SW : AMS Maintains 4Q Adjusted Ebit Margin 24% to 27%
- AMBUB DC : Ambu Gets European Clearance to Sell New Single-Use Cystoscope
- BAMI IM : Banco BPM 3Q Net Income Beats Estimates
- GBF GY : Bilfinger Said to Explore Sale Amid Private Equity Interest
- BOKA NA : Boskalis 3Q Order Book EU4.4B
- BRAV SS : Bravida 3Q Net Income Misses Estimates
- CABK SM : Caixa Geral 9M Net Income EU392M
- CLNX SM : Cellnex Seeks EU1.5b in Convertible Bond Offering: Terms
- COR PL : C. Amorim 9M Net Income Falls as Virus Hits Wine Consumption
- COTN SW : Comet Sells Ebeam Lamps to Tetra Pak; No Price Disclosed
- CVAL IM : Credito Valtellinese 9m Net Income Almost Doubles to EU66M
- DRI GY : 1&1 Drillisch Cuts FY Sales Forecast
- ELIOR FP : Elior Posts FY Adj. Ebita Loss Due to Covid-19
- ENEL IM : Enel 9M Net Income EU2.92B
- ENX FP : Euronext 3Q Ebitda Beats Estimates
- RACE IM : Ferrari, Bentley Find Buyers in Singapore Despite Pandemic
- FNTN GY : Freenet Maintains FY Ebitda EU415M to EU435M, Est. EU424.9M
- GLPG NA : Galapagos 9M Revenue Meets Estimates
- HEX NO : Hexagon Composites 3Q Ebitda Beats Estimates
- INW IM : Inwit Updates 2020 Guidance; 3Q Rev. EU186.1m
- DEC FP : JCDecaux 3Q Adjusted Revenue Misses Estimates
- LDO IM : Leonardo 3Q Revenue Beats Estimates
- MS IM : Italy Could Seek Veto Power on Media Investments: Repubblica
- MCOVB SS : Medicover 3Q In Line With Preliminary Result, Maintains Guidance
- MEKO SS : Mekonomen 3Q Ebit Beats Estimates
- MEL SM : Melia Hotels 9M Net Loss EU469.6M Vs. Profit EU101M Y/y
- KN FP : Natixis In Talks to Break With H20 After String of Controversies
- KN FP : Natixis Has No Plan to Involve Third Party in Potential H2O Exit
- NETC DC : Netcompany Cuts FY Adjusted Ebita Margin Forecast
- NOVN SW : Novartis Canakinumab Trial Didn’t Meet Primary, Second. Endpoint
- NOVOB DC : Novo Nordisk to Buy Emisphere’s Outstanding Shares for $1.35b,
- RHM GY : Rheinmetall Sees FY Operating Margin 6% to 6.5%
- RHK GY : Rhoen Klinikum 9M Consolidated Net EU2.3M
- CFR SW : Richemont 1H Operating Profit Beats Estimates
- CFR SW : Farfetch, Alibaba Group and Richemont Form Global Partnership to Accelerate the Digitization of the Luxury Industry
- RR/ LN : Rolls-Royce to Cut 950 Mgmt, 420 Blue-Collar Jobs in Jet Engines
- RSA LN : RSA Gets Offer from Intact at 685p in Cash/Shr, Dividend
- RUI FP : Rubis 3Q Revenue -32%
- SQ US : Square 3Q Net Revenue Beats Estimates: Snapshot
- TEN IM : Tenaris Sees Capex Falling by ~15-20% in 2021, CEO Rocca Says
- UBER US : Uber 3Q Adjusted Net Revenue Misses Estimates: Snapshot Uber’s Delivery Sales Surpass Expectations, but Loss Widens
- UTDI GY : United Internet Sees FY Sales About +3%
- VIV FP : Italy Could Seek Veto Power on Media Investments: Repubblica
- VPK LN : Vopak 3Q Adjusted Ebitda EU200.1M
- VOW3 GY : VW’s Boss Warns the Troops: We Don’t Want to End Up Like Nokia
- WBD IM : Webuild Completes Acquisition of 65% Stake in Astaldi