Stocks in Asia and U.S. futures rallied Wednesday amid optimism about the potential for progress in trade talks between Washington and Beijing, which were extended into a third day. The dollar dipped.
China and Hong Kong stocks led gains on news of further stimulus efforts. Futures on the S&P 500 reached their highs of the session after an Oval Office address by President Donald Trump yielded no new moves in his dispute with Congress over funding a wall on the Mexican border; there had been speculation of a polarizing declaration of a national emergency. European futures indicated markets there will rise. Ten-year Treasury yields retained gains made in recent days. Oil held above $50 a barrel in New York.
US After Hours SGH -13%, TLND -9%, VIRT +7%, GMED +3.5%, SWKS +3% following earnings/guidance, NEO +8% on S&P SmallCap 600 addition news
Nikkei +1.10% Hang Seng +1.97% CSI +1.01% Shanghai +0.71% Shenzen +0.54%
Eur$ 1.1462 CNH 6.8380 CNY 6.8360 GBP 1.2737 JPY 108.91 CHF .9810 TRY 5.4822 RUB 67.1645 WTI$ 50.30
S&P +0.33% EuroStoxx +0.72% Dax +0.82% FTSE +0.56% SMI +0.43%
Macro :
- Goldman Says Boost Cash Even as U.S. Recession Fears Overdone
- Fed Proposes Higher Asset Threshold for Bank-Run Stress Tests
- No-Deal Brexit Opponents Warn May They’ll Defeat Her Again
- Gundlach Says It’s Time to Invest in Emerging Markets: TOPLive
- Watch European Chip Stocks on Report Apple Cutting iPhone Output
Keep an eye on :
- ADP FP : French Government Plans to Delay ADP Stake Sale Until 2020: BFM
- ADS GY : Nike Upgraded to Buy at HSBC; PT $95
- AF FP : Air France-KLM FY Passenger Traffic Up 3.5%; Gains 3.9% in Dec
- ACA LN : Barrick Underperforms as Tanzania Gets New Minerals Minister
- ADJ GY : Ado Properties Portfolio Prel. Value Indication End 2018 ~EU4.1b
- AAPL US : Apple CEO Tim Cook Sees Downturn in China as Temporary
- AAPL US : Apple CEO Cook Total 2018 Comp. $15.7m vs $12.8m in 2017
- AUTO LN : Auto Trader Momentum Strong, Jefferies Cautious on Valuation
- BSLN SW : Basilea Has Positive Interim Phase 2 Results for Cancer Drug
- CGG FP : CGG Says Liquidity Increased to About $435M at End of December
- CRG IM : Italy’s Borghi Urges Revision of EU’s Bank Support Regulation
- CRG IM : Italy Govt Guarantees Up to EU3B for Carige Bonds: Corriere
- MT NA : Thyssenkrupp to Manage ArcelorMittal Emission Upgrade in Brazil
- DAI GY : Daimler Targets Higher Mercedes-Benz Deliveries in 2019
- DAI GY : Mercedes-Benz Dec. Car Sales Rise 5.5% Y/y to 216,822 Vehicles
- DUST SS : Dustin First Quarter Ebit Beats Estimates
- FPM LN : DNO Increases Cash Offer for Faroe Petroleum to 160p Per Share
- FCA IM : Fiat Chrysler Near Deal to Resolve U.S. Diesel Civil Cases: Rtrs
- GEN DC : Genmab to Get $75m Milestone Payment in Darzalex Collaboration
- GSK LN : Mylan CEO Says Generic Advair Approval Could Come Any Day
- SK FP : Groupe SEB Acquires Wilbur Curtis, No Terms
- ICP LN : Pick U.K. Asset Managers Well Placed For Allocations: Jefferies
- IAG LN : Brussels casts doubt on IAG no-deal Brexit flight plan https://t.co/ZaSyBmsLKa - FT
- KTMI AV : KTM Industries Sells About 261,500 Motorcycles in 2018
- MDG1 GY : Medigene: Added European Patent Granted for DC Vaccine Platform
- NDA SS : Nordea Raises Mortgage Rates After Riksbank Rate Hike
- PROX B : Proximus Plans 2,000 Job Cuts, According to Union: L’Echo
- RNO FP : Renault CFDT Union: Solution on Governance Is Needed Quickly
- RWI LN : Renewi Says Authorities Visited Moerdijk Site in Soil Probe
- RRTL GY : RTL Group to Buy U.K. Video Technology Company Yospace
- RX FP : Recylex: Cash Position Remains Tense Amid Maintenance Shutdown
- SNBN SW : Swiss National Bank Sees Annual Loss of CHF15B
- TGS NO : TGS Fourth Quarter Net Revenue Misses Estimates
- TW/ LN : Taylor Wimpey Full Year Homes Completed 14,947
- UCB BB : Amgen, UCB’s EVENITY Gets Japan Approval to Treat Osteoporosis
- UN01 GY : Elliott Boosts Stake in Uniper, Raising Pressure on Management
- DG FP : Vinci Signs Accord to Fund Expansion of Lisbon Airport Capacity
- WIN GY : SecurCash Declared Bankrupt by The Hague Court: ANP (Jan. 8)