The dollar extended gains and U.S. equity futures fluctuated as investors weighed the impact of President Donald Trump’s decision to end stimulus talks until after next month’s election. Asian equities were mixed.
S&P 500 futures were little changed after the benchmark fell more than 1% overnight. Fresh comments from Trump calling for support for airlines and the Paycheck Protection Program helped reverse earlier losses. Shares saw modest gains in Hong Kong and South Korea and fluctuated in Japan. Treasury yields held overnight declines. Nasdaq contracts earlier retreated after a House panel proposed a series of far-reaching antitrust reforms to curb the power of U.S. technology giants including Amazon.com and Alphabet Inc. European futures pointed lower.
Elsewhere, Australia’s 3-year bond yield dropped to an all-time low on plans to issue less debt than estimated, while stocks rose after Tuesday’s budget annoucement. Crude oil dropped.
US After Hours LEVI +9.4% jumps on strong earnings; Big tech names AAPL, AMZN, FB, GOOG ticking lower on House report that changes are needed
Nikkei -0.24% Hang Seng +0.55% CSI -0.10% Shanghai -0.20% Shenzen +0.05%
Eur$ 1.1736 CNH 6.7391 CNY 6.7910 JPY 105.76 GBP 1.2901 CHF 0.9180 RUB 78.2061 WTI$ 39.98 -0.71%
S&P +0.43% Nasdaq +0.46% EuroStoxx -0.22% FTSE -0.03% Dax -0.19%
Macro :
- French Economic Rebound Grinds to a Halt as Virus Crushes Growth
- Trump Says He Is Stopping Stimulus Talks Until After Election
- Powell Warns of Weak Recovery Without Enough Government Aid
- It’s Spain, Not Italy, That European Investors Are Worried About
Spacs
-Space-Cargo Firm Momentus Said Seeking to Go Public Via SPAC (1)
- Aequi Acquisition Files for $300m Blank-Check IPO
- LCP Acquisition Corp. Files for $200m IPO
- RMG Acquisition Corp. II Files for $350m IPO
Keep an eye on :
- AC FP : Accor Property Arm Hires Rothschild for $3.4 Billion Debt Review
- AC FP : Service Properties Trust to End Marriott Pacts, Sell 24 Hotels
- ALV GY : Allianz Restructures Pension Fund Division on Low Demand: Platow
- ALANV FP : Ateme Signs Final Agreement to Acquire Anevia
- AAPL US : Apple to Hold Online Event to Unveil 5G IPhones on Oct. 13
- ASHM LN ; ISS, Glass Lewis Advise Against Ashmore’s Pay Policy: Finl News Banca Farmafactoring Offering by Holder Prices for EU32.6m
- BFF IM : Banca Farmafactoring Holder BFF Luxembourg Sarl to Offer Shrs,
- BOOZT SS : Boozt Raises Full Year Adjusted Ebit Margin Forecast to 4.5-5.5%
- CO FP : Casino’s Naturalia Drops Out of Race to Buy Bio C’ Bon: AFP
- CON GY : Germany’s Continental In Talks To Sell Businesses: FAZ
- DAI GY : Daimler Settles Dispute With Sharp Over Mobile-Device Patents
- AM FP : France to Order 12 Rafale Jets by Year-End, Parly Says: AFP
- DTE GY : Telefonica Deutschland, Deutsche Telekom Expand Cooperation
- DLG GY : Dialog Semi Prelim Third Quarter Revenue Beats Estimates
- ALECO FP : Ecomiam Prices Shares at EU11.55/Each in IPO
- EDF FP : U.K. Govt Discussing GBP1.5B-2B Support for Nuclear Reactors: FT ft.com/33CtXhS
- LSE LN : UK Eyes National Security Check on Would-Be LSE Listings: Times
- MC FP : Apparel, Luxury Traffic Remain Depressed
- NEXI IM : Nexi’s Private-Equity Owners Sell Stake Worth $1.65 Billion,Nexi Offering by Mercury UK Expected to Price at EU15.50: Terms
- RECIB SS : Recipharm’s Arcturus Deal on Vaccine ‘Intriguing´: Handelsbanken
- SAF FP : Safran Launches OCEANE Issue of About EU200M
- GLE FP : SocGen Unit in Talks to Buy Milleis Life Insurance Ops: Echos
- TUI LN : TUI Completes Share Buyback Program
- USF LN : New Energy Solar Fund Sells 22.6m Shares in US Solar Fund
- VIE FP : Veolia Can Reach An Accord With Suez, CEO Tells Figaro
- VOW3 GY : Audi’s Former Top Executives Deny Diesel-Rigging Wrongdoing