Global equities headed for a record high amid optimism about the outlook under a Joe Biden presidency. The dollar extended declines.
Last week’s embrace of risk continued Monday after Biden was declared the winner of the U.S. election over the weekend. S&P 500 futures rose more than 1.5%, building on the strongest week since April for the benchmark, as the president-elect launched his transition effort. Contracts on the tech-heavy Nasdaq 100 index, which have outperformed since Tuesday’s vote, were up more than 2%. There were also broad-based gains across Asia Pacific and European futures pointed higher.
The yuan and euro ticked higher alongside the Australian and New Zealand dollars. Treasuries were steady and oil pared some of Friday’s slide. Turkey’s lira rose after the installment of a new central bank chief.
Nikkei +2.12% Hang Seng +1.37% CSI +1.81% Shanghai +1.71% Shenzen +2.08%
Eur$ 1.1888 CNH 6.5620 CNY 6.5773 JPY 103.52 GBP 1.3169 CHF 0.8995 RUB 77.2285 TRY 8.4152 WTI$ 38.11 +2.61%
S&P +1.43% Nasdaq +2.15% EuroStoxx +1.63% FTSE +1.41% Dax +1.82% SMI
Macro :
- Bernstein Quants Say Biden Win Favors Growth, Reflation Delayed
- Goldman Strategists Say Post-Vote Focus Set to Return to Vaccine
- Cyclicals to Drive Next Leg Higher for Global Stocks: UBS Wealth
- Italy Set to Back $3 Billion Boost in Lockdown Aid for Business
- Germany Adds Denmark, Portugal, Sweden, Italy to Risk Zones: RKI
- Court Extends Block on Trump Bid to Kill Solar-Tariff Loophole
- Global Cases Near 50 Million; Hospital Beds Eyed: Virus Update
Keep an eye on :
- ADS GY : Watch Adidas, Puma as Japan’s Asics Soars on Upgraded Guidance
- AIR FP : Airbus Extends Gains in Jetliner Deliveries With 72 in October
- ALM SM : Almirall 9M Net Income EU57.1M
- BSGR NA : B&S Group 9M Revenue EU1.30B
- BIIB US : Biogen Alzheimer’s Drug Review Pits Panelists Against FDA Head
- BFT US : Foley SPAC Said to Be in Merger Talks With Blackstone’s Paysafe
- CDM LN : Take-Two Confirms Offer to Possibly Buy Codemasters Group
- DBK GY : Deutsche Bank Rejected ECB Request to Halt Leveraged Ops: FT
- EKF LN : EKF Diagnostics: Earnings Comfortably Ahead of Market Consensus
- FTCH US : -7% in after Market on on WSJ Article Mentionning Richemont could sell YNAP to Farfetch (Article attached)
- FFIV US : Elliott's F5 Networks Stake Could Unlock Software Value: React
- GFS LN : Garda Gives G4S Shareholders More Time to Accept Its Offer
- IFX GY : Infineon Sees 1Q Segment Result Margin About 16%, Est. 14.9%
- BAER SW : Julius Baer Resolves U.S. FIFA Probe; Takes $79.7m Provision
- NAS NO : Norway Won’t Provide More Company-Specific Support to Norwegian
- NOVN SW : Novartis Chairman Sees Prices in U.S. Falling: NZZ am Sonntag
- NOVOB DC : Novo Nordisk Foresees More Takeovers to Gain Innovation: Borsen
- PNDORA DC : Pandora Burned Short Sellers, But ‘It’s Not About Vindication’
- PSON LN : Pearson Sells Interest in Pearson Institute of Higher Education
- PHOR RM : PhosAgro 3Q Ebitda Beats Estimates
- RYA ID : Ryanair Boss Says the U.K. Shouldn’t Bail Out Airlines: Mail
- SAN FP : Safety Concerns Again Hurt Sanofi-Alnylam's Fitusiran: React
- SGE LN : Sage Is Looking for Buyer for Its Polish Unit: Puls Biznesu
- SIGN SW : SIG Names Sigrist as CEO, Herzog as CFO
- SKAB SS : Skanska Sells Stake in Elizabeth River Crossings for $625m
- STLN SW : Swiss Steel Group in Regular Talks W/ Banks, Potential Investors
- TW/ LN : Taylor Wimpey Sees Earnings Materially Above Consensus
- 8TRA GY : Traton to Buy Navistar Shares It Doesn’t Own for $44.50 Each
- VALN SW : Valora Sees FY Ebit About CHF10M to CHF15M
- VWS DC : Vestas Wins Biggest Order in at Least Four Years With Latam Deal
- VIFN SW : Vifor Pharma, Angion Sign License Pact for ANG-3777
- VOW3 GY : Volkswagen Signs Off on $3.7 Billion Traton-Navistar Deal (1)