Global stocks pushed higher Tuesday ahead of one of the most uncertain earnings seasons on record as the coronavirus pandemic rattles the world economy. The dollar retreated.
Stocks climbed across Asia with benchmarks in South Korea and Japan pacing gains. U.S. futures rose after the S&P 500 Index retreated overnight and European contracts pointed higher. Data showing China’s exports in yuan terms fell less than expected helped boost sentiment, as did figures earlier showing a continued easing in the rate of new infections in many countries. Treasury yields fluct
US After Hours ROKU +9.8% and AMRN +6.9% jump on Q1 rev guidance; XENT -15% heads lower on guidance
Nikkei +2.76% Hang Seng +0.91% CSI +1.19% Shanghai +0.96% Shenzen +1.48%
Eur$ 1.0950 CNH 7.0492 CNY 7.0452 JPY 107.72 GBP 1.2568 CHF 0.9646 RUB 73.0650 TRY 6.7701 WTI$22.60+0.85%
S&P +1.51% EuroStoxx +1.33% FTSE +1.63% Dax +1.71% SMI +1%
Macro :
- Goldman Sees Advanced Economies Shrinking 35% Amid Pandemic
- States Prepare Test-and-Trace Programs to Reopen Their Economies
- Saudis, Russians End Oil-Price War With Deep Output Cut
- EU Finance Chiefs Go Into Another Clash Over Virus Response
- Fed to Buy Junk Bonds, Lend to States in Fresh Virus Support
- EU Finance Chiefs Agree on $590 Billion Virus Rescue Package
- Italy Extends Transparency Rule for Holdings to 104 Companies
- Italy Premier Conte Extends Nationwide Lockdown to May 3
Keep an eye on :
- ABI BB : AB InBev Cuts Final FY Dividend Proposal by 50% to EU0.50/Shr
- ABE SM : Brisa Is Said to Get Binding Bids Even With Road Traffic Sliding
- AIR FP : Airbus CEO Seeing Delivery Delays on Covid-19, Not Cancellations
- AF FP : Air France-KLM Confident of Obtaining Additional Financing
- AF FP : Air France-KLM Seeks About EU10b in State Support: La Tribune
- ALTR PL : Altri Shareholders Actium, Caderno Propose Naming Pina Next CEO
- ARAMCO AB : Aramco Cuts All May Oil Pricing to Asia, Raises Pricing to U.S.
- IF IM : Banca Ifis Makes Binding Offer for 70.8% of Farbanca; No Terms
- BAR BB : Barco Board Member Missorten Resigns Due to Lack of AGM Support
- BATS LN : BAT Faces U.S. Inquiry Over Possible Sanctions Breach: Times
- BAYN GY : Bayer’s First Roundup Trial Loss Set for June 2 Appeal Hearing
- BNP FP : BNP Paribas Stock Trades Lost About $200 Million in Virus Rout
- BRI PL : Brisa Is Said to Get Binding Bids Even With Road Traffic Sliding
- IAG LN : British Airways Cut to Junk in Blow to Borrowing Options
- BC IM : Brunello Cucinelli 1Q Prelim. Net Rev -2.3%, Withdraws Dividend
- CERV IM : Cerved to Get EU750m Financing From Group of 9 Banks: Messaggero
- CNHI NA : Caterpillar Sinks After BofA Says Energy Woes ‘Not Going Away’
- CON GY : Continental CEO Says Auto Industry Must Soon Restart: Spiegel
- ACA FP : Credit Agricole Receives EU10b of State-Backed-Loan Requests
- DIA IM : Confirms the launch of a fully automated serology test to detect antibodies against SARS-CoV-2 in COVID-19
- EZJ LN : EasyJet Defers Delivery of 24 Airbus Jets in Bid to Save Cash
- EL FP : Luxottica Group, Versace Renew Eyewear License Agreement
- ETL FP : Eutelsat Suspends FY2021-22 Discretionary FCF Target of EU500M
-ETL FP : Eutelsat's 30% Dividend Cut Acknowledges Fiscal Reality: React
- ERF FP : Eurofins Tech Launches Testing Kits for Covid-19 Antibodies
- FAGR BB : Fagron Cuts FY dividend to EU0.08/share; Covid-19 Impact Limited
- GAM SW : GAM Sees Job Losses, Eyes Cost Cuts of At least CHF65M in 2020
- G IM : Generali Splits 2019 Dividend Payment Into 2 Tranches
- GILD US : Gilead Says Most of 53 Covid-19 Patients Did Well on Remdesivir
- HMB SS : Baaron's Positive on Hennes & Mauritz: The world’s second-biggest fashion chain has taken a hit from the coronavirus, with shares down 30 percent during the past three months, but now might be the time for investors to get in—the company is making the right moves for growth, and when normality returns, they could soar.
- ITX SM : Inditex Won’t Lay Off Spanish Workers in April: Europa Press
- BAER SW : Julius Baer Proposes Splitting 2019 Dividend Distribution
- KER FP : Kering’s Pinault Waives 2020 Bonus, Cuts Pay by 25% on Virus
- KOR FP : RTL.fr: Coronavirus : 356 personnes décédées dans les Ehpad Korian, annonce Sophie Boissard
- KDEV SS : Karolinska Development Divests Part of Aprea Therapeutics Stake
- LR FP : Legrand’s Board Proposes to Cut 2019 Divdend to EU1.34/Share
- NEXI IM : Sia Evaluating Talks on Merger With Nexi: Messaggero
- NMC LN : NMC Creditors Said Forming Committee for $6.6 Billion Debt Talks
- PNL NA : PostNL Sees ‘Solid’ 1Q Normalized Ebit, Limited FY Visibility
- PUB FP : Publicis Halves Dividend As Coronavirus Takes Toll On Ad Company
- RNO FP : Renault Plans to Restart Two Spanish Plants: Norte de Castilla
- RNO FP : Renault’s Board Decides to Scrap Dividend Payout for 2019
- RNO FP : Renault Chairman Says No Nationalization, EU4-5B Loans Possible
- RNO FP : Renault to Focus on Light Commercial, Electric Vehicles in China
- RNO FP : Renault Scales Back China Presence by Exiting Dongfeng Venture
- ROTH FP : Lazard, Moelis Targets Are Cut by Morgan Stanley on M&A Slump
- SAGA LN : Elliott Reduces Voting Rights in Saga to Below 5%
- SAN FP : Sanofi Donates 100M Doses of Hydroxychloroquine in 50 Countries
- SAP GY : SAP Extends CFO’s Contract for Five Years Till End March 2026
- SCTS SS ; Scandi Standard Sees Slight Increase in 1Q Adj. Operating Income
- SHA GY : BorgWarner Accuses Schaeffler Of Infringing Valve Timing Patent
- SOP FP : Sopra Steria Suspends 2020 Guidance, Scraps 2019 Dividend
- TEMN SW : Temenos Withdraws Guidance as Virus Delays Software Deals