Stocks in Asia extended a rally into a third day on light volumes as investors weighed signs of a slowing rate of coronavirus spread against more fatalities. Oil continued to swing ahead of a key meeting of suppliers.
Japanese shares climbed more than 1%, with shares in Korea and Australia also higher. Hong Kong and China underperformed. S&P 500 futures rose to session highs as of 6 a.m. in London after fluctuating earlier, following a rocky session Tuesday when gains fizzled late in the day. The Australian dollar slipped after S&P Global Ratings cut the country’s credit-rating outlook to negative from stable. Treasuries were steady after this week’s dip.
US After Hours PINS +14%, SGH +6%, LEVI +1% all higher following earnings/guidance, select China names under pressure, TAL -21% IQ -2%
Nikkei +2.34% Hang Seng -0.67% CSI -0.38% Shanghai -0.17% Shenzen -0.15%
Eur$ 1.0873 CNH 7.0741 CNY 7.0662 JPY 108.91 GBP 1.2322 CHF 0.9717 RUB 75.4915 TRY 6.7768 WTI$ 25.15 +6.43%
S&P +1.01% EuroStoxx -0.50% FTSE -0.34% Dax -0.19% SMI +0.
Macro :
- Hedge Funds Fell 6.8% in March, Led by Equity Funds
- Europe Struggles to Agree on a Plan to Stem Virus Recession
- Crude Dives 9% on Worries an Output Cut Won’t Be Big Enough
- Dalio Still Thinks ‘Cash Is Trash’ as Printing Presses Roll
- Germany’s New Coronavirus Infections Rise Most in Three Days
- JAPAN INSIGHT: Record Stimulus to Damp, Not Avert, Recession
Keep an eye on :
- AD NA : Ahold Delhaize's 1Q Covid-19 Bonanza Underpins Dividend: React
- ANIM IM : Anima Ready to Consider Any M&A Opportunities: CEO to Il Sole
- MT NA : ArcelorMittal Cut to Junk by Fitch as Steel Demand to Wane
- ASC LN ; dinary Shares; Size Not Exceeding 18.8%
- ASC LN :Asos Plans to Apply for BOE Covid Corporate Financing Facility
- ASSAB SS : Assa Abloy Prelim First Quarter Ebit Misses Lowest Estimate
- SAB SM : Banco Sabadell Says Top Executives to Waive 2020 Bonuses
- BARC LN : Barclays Top Execs Donate 1/3 of Fixed Pay to Virus Charities
- BA US : Boeing Finds New Software Flaws on Max, Stands By Midyear Return
- BOSN SW : Bossard First Quarter Sales CHF218.9 Mln, -5.7% Y/y
- BRINB SS : Brinova Fastigheter Offering Prices 7.23m Shares at SEK24/Share
- CGG FP : CGG Suspends 2020 Financial Guidance, Sees 1Q Rev. $273m
- CNP FP : CNP Assurances Says Will Be Unable to Meet 2020 Earnings Target
- DAE SW : Datwyler Pulls 2020 Guidance, Introduces State Wage Support
- DMP GY : Dermapharm Names Hilde Neumeyer CFO; Proposes Div. EU0.80/Share
- DPW GY : Deutsche Post Suspends Earnings Guidance for 2020
- DPW GY : *Amazon to Suspend Delivery Service That Competes With UPS, FedEx, Sources Say
- DLG GY : Adesto Investor Sues to Block Sale to Dialog
- DC/ LN : Dixons Carphone Founder Charles Dunstone Reduces Stake to 1.24%
- RF FP : Eurazeo Scraps 2019 Dividend; AGM Maintained For April 30
- GIVN SW : Givaudan First Quarter Sales 1.3% Above Estimates
- HEN3 GY : Henkel Withdraws Forecast for Fiscal 2020
- ING FP : Worldline Says on Target to Close Ingenico Acquisition in 3Q
- LI FP : Klepierre Cuts Jestin, Gault Fixed April-Dec Compensation By 30%
- MMB FP : Amber Pushes For Significant Pay Cuts At Lagardere: Statement
- MONC IM : Moncler CEO Ready to Restart Activities, React to Industry Slump
- MUV2 GY : Munich Re Raised to Buy at Jefferies; PT 210 euros
- OMV AV : OMV 1Q Production Down 6.5% Q/q at 472k BOE/Day; EU80m Write-off
- RNO FP : Nissan Says It’s Preserving Cash With Aim to Rehire U.S. Workers
- RIO LN : Rio Tinto Says Paid $7.6 Billion Taxes, Royalties in 2019
- ROG SW : Genentech Says FDA Extends Review Time for Risdiplam
- STJ LN : St. James’s Place Cuts Pay for Top Executives After Profits Fell
- SAE GY : Shop Apotheke to Sell Bearer Shares Worth Up to EU55m
- SO FP : Somfy Postpones AGM, Reserves Right to Review Dividend Amount
- SWEDA SS : Swedbank Sees 1Q Credit Impairments of SEK2.2b Due to Virus
- TAL U : TAL Education Finds ‘Employee Wrongdoing’ in Internal Auditing -28% After Hours
- TGS NO : TGS Prelim First Quarter Net Revenue About $152 Mln
- TSLA US : Tesla to Cut Pay as Much as 30% While Virus Idles Production
- URW NA : Unibail Senior Executives Lower Pay by 25% in Partial Activity
- VNA GY : Vonovia 1Q Recurring Sales Performance in Line With Expectations
- VOW3 GY : VW Mexico Plant Worker Dies After Later Shutdown Than in U.S.
- WLN FP : Worldline Says on Target to Close Ingenico Acquisition in 3Q