Asian stocks started the week with gains after Friday’s U.S. jobs report smashed expectations and bolstered hope of a quick economic rebound. The dollar extended its recent slump.
Equities climbed modestly in Japan, China and Hong Kong, while Korean shares lost much of an early advance. Australia’s markets were closed for a holiday. S&P 500 contracts were largely flat after the index posted a third weekly advance last week. The dollar headed for an eighth straight day of declines, while 10-year Treasuries retained last week’s losses.
Nikkei +1.06% Hang Seng -0.19% CSI +0.49% Shanghai +0.23% Shenzen +0.08%
Eur$ 1.1295 CNH 7.0829 CNY 7.0861 JPY 109.51 GBP 1.2709 CHF 0.9631 RUB 68.2518 WTI$ 40.05 +1.26%
S&P +0.28% Nasdaq +0.35% EuroStoxx -0.44% FTSE -0.52% Dax -0.36% SMI -0.09%
Macro ;
- Dumb Money Is Looking a Lot Smarter in Never-Ending Stock Rally
- A Booming Stock Market Could Come Back to Bite the Recovery
- Oil’s OPEC+ Boost Eases With Compliance Concerns Lingering
- U.K. to Go Ahead with Quarantine That Will Further Slam Airlines
- Norway Oil Exploration Drops 30% as Virus Risk Crimps Operations
Keep an eye on :
- AIR FP : Airbus Logs No Cancellations, No New Orders in May
- AIR FP ; Airbus’s Global Footprint Becomes a Burden in a Shrinking Market
- AIR FP : France to Present Aerospace Aid Plan on Tuesday, Le Maire Says
- MT NA : ArcelorMittal Plans to Shed 5,000 Jobs in Italy, La Stampa Says
- AZN LN : AstraZeneca Cancer Drug Shows Early Signs of Promise in Covid-19
- AZN LN : AstraZeneca Is Said to Approach Gilead About Potential Merger
- BO DC : Bang & Olufsen Employees Agree to 10% Cut in Pay, Borsen Says
- BARC LN : High-Profile Names to Testify at Barclays $1.9 Billion Trial: FT
- BEN FP : Beneteau Accelerates Reorganization, Names Bruno Thivoyon as CFO
- BNP FP : BNP has Goldman in its sights after beefing up hedge fund business, French bank aims to join prime broking’s top 3 following acquisition of Deutsche unit last year - FT
- BKW SW : BKW to Enter Gas Market After Swiss Liberalization Move
- BWO NO : BW Offshore Gets Cidade de Sao Vicente Extension From Petrobras
- DHER GY : GrubHub Received Interest From Just Eat, Delivery Hero: CNBC
- EDF FP : China Poised to Pull Plans for U.K. Nuclear Plants: Sunday Times
- EDP PL : EDP Says Portuguese Prosecutor’s Proposal on CEO Has No Effect
- EFA PL : Sonae Capital Is Studying the Purchase of Efacec, Expresso Says
- ENX FP : Euronext May Total Cash Market Transaction Value M/M -5.4%
- FCT IM : Hackers Target Fincantieri’s Norwegian Unit With Ransomware
- GLPG NA : Gilead, Galapagos: Durable Efficacy in Phase 2 Eq. on Filgotinib
- HUSQB SS : Husqvarna Sales Decreased Some 12% in First Two Months of 2Q
- ISP IM : Intesa Gets Preliminary ECB Approval to Take Over Rival UBI
- INTU LN : U.K. Mall Landlord Intu Lines Up KPMG in Case of Administration
- MC FP : LVMH Still Focused on Price Cut in Tiffany Deal: CNBC
- MAP SM : Mapfre Intends to Approve 2020 Dividend, Chairman Tells El Pais
- MCOVB SS : Medicover Says Activity Recovered Faster Than Expected in May
- MCHN SW : Art Basel Show in Switzerland Canceled Over Coronavirus Worries
- MRNA US : Moderna Investigation Initiated by Former Louisiana AG
- MKS LN : U.K. Mulls Keeping Shops Open All Day on Sundays, Times Reports
- PST IM : Poste CEO Says Savings, Financial Sector Most Hit by Virus: Sole
- RNO FP : Nissan, Renault Collaboration Must Be Competitive: Uchida
- ROG Sw: Roche Sees Business Growing in 2020, CEO Tells FuW
- RYA LN : Ryanair Plans Lawsuit on Alleged Alitalia Aid, Repubblica Says
- UPGS LN : Up Global Sourcing Sees Earnings Above Expectations
- DG FP : Vinci’s Notebaert Says Co. Airports Ready to Reopen In France
- VOW3 GY : VW CEO Praised Musk’s SpaceX Success to Motivate Top Executives
- MF FP : Wendel Proposes EU2.80/Shr Div; Unchanged from Previous Year
- WDI GY : Wirecard Offices Searched in Probe Targeting Board Members
- WDI GY : FT Article on EY Dubai Practices