Most Asian stocks pushed higher and U.S. futures climbed as investors shrugged off fears over valuations in certain pockets of the market. The dollar retreated.
Japanese shares reversed early losses Friday to trade modestly higher with those in Hong Kong, while equities in South Korea and Australia stayed lower. S&P 500 futures pointed to gains following a topsy-turvy U.S. session which saw the Nasdaq 100 lose more than 2% amid lingering worries that its five-month rally stretched valuations too far. European contracts fluctuated.
Meantime, crude slipped toward $37 a barrel in New York. The euro extended its climb against the dollar, while Treasuries were little changed. Gold dipped. Indonesian shares clawed back some of this week’s tumble spurred by harsher lockdown measures in Jakarta.
US After Hours PTON +11%, ZUMZ +8% rise following earnings/guidance while AMRS -19% declines following lawsuit filing
Nikkei +0.74% Hang Seng +0.68% CSI +0.86% Shanghai +0.64% Shenzen +1.41%
Eur$ 1.1186 CNH 6.8371 CNY 6.8370 JPY 106.19 GBP 1.2819 CHF 0.9104 RUB 75.1397 WTI$ 37.26 -0.11%
S&P +0.72% NAsdaq +1.04% EuroStoxx -0.27% FTSE -0.27% Dax -0.25% SMI -0.14%
Macro :
- Fund Flows Buy Into Market Dip Outside of U.S. Stocks, Citi Says
- Japan Seeks to Reach Post-Brexit Trade Deal With U.K. Friday
- JPMorgan Says Big Options Bets Swing Stocks in Thin Markets
- Goldman Sachs Upgrades Short-Term View on Equities After Rout
- Hedge Funds Bought the Dip as Nasdaq Tumbled Into a Correction
Keep an eye on :
- ADS GY : Kanye West Calls Out Gap, Adidas Over Black Board Seats
- ATC NA : Next Private Makes Offer of EU4.11/Share in Cash for Altice
- ARYN SW : Aryzta Confirms Advanced Talks With Elliott on Tender Offer (1)
- ASHM LN : Ashmore Full Year Adjusted Ebitda Meets Estimates
- ATL IM : Atlantia Highway Spinoff Could Proceed W/Out Italy’s CDP: Sole
- BAYN GY : Bayer Extends CEO Baumann’s Contract Until End of April 2024 (1)
- BME SM : Regulator to Suspend BME Trading After Sept. 14 Market Close
- EZJ LN : EasyJet Pilots Agree to Go Part Time to Escape Redundancy
- ENC SM : Pharma Mar to Replace Ence in Spain’s Benchmark Index Ibex 35
- ENX FP : Euronext Confirms in Talks With CDP on Borsa Italiana Offer
- FXPO LN : Ferrexpo Announces Further Special Interim Dividend of 6.6c
- GLPG NA : Galapagos Says Primary Endpoint Achieved With Ziritaxestat
- KBX GY : Knorr-Bremse Holder KB Holding GmbH to Offer 10m Shrs
- LEADD FH : LeadDesk Offering by Holders Prices 1.3m Shares at EU17/Share
- LIPI SS : Lipidor to Offer SEK35m Shares via Erik Penser Bankaktiebolag
- MC FP : LVMH-Tiffany Busted Deal Is Year’s Biggest to End Up in Court
- LHA GY : Lufthansa to Shed Biggest Planes in Deepening Fleet Shakeup
- MAERSK DC : Maersk CEO Says He’s Worried About Protectionism: Borsen
- MAS SM : Masmovil Bid Accepted by More Than 50% of Share Capital
- NDA SS : Nordea Won’t Decide on FY 2019 Dividend Payment Before Jan.
- PGHN SW : Partners Group’s Founding Partners Cut Holding to 5.01% Each
- PFG LN : Provident Financial CEO Le May Taking Short Leave of Absence
- PROX BB : Proximus Is Weighing Options for Be-Mobile Unit: L’Echo
- SAGA LN : SkyNews: Two private equity firms founded by former Goldman Sachs partners were the architects of a £375m takeover bid
- SECUB SS : EQT Buys 10m Shares in Securitas, Becomes 4th Largest Holder
- SW FP : Sodexo 4Q in Line, Sees EU250m Asset Impairment Due to Covid-19
- LOCAL FP : Solocal Launches Capital Increase of About EU336m
- TUI LN : U.K. Adds Portugal and Hungary to Coronavirus Quarantine List
- VIE FP : French Mayors Won’t Block Veolia-Suez Deal: BFM Business
- VRLA FP : Verallia Holder Horizon Parent Holdings Sarl to Offer 7.7m Shrs
- SRCG SW : Court Rejects Salt’s Request for Ex Parte Injunction vs Sunrise
- ZURN SW : Zurich Airport Aug. Passenger Traffic -76.7%