2020-03-17 04:30:02 04:30 03/17/20 03/1704:30 03/17/2004:30 | FX Update: The dollar has outperformed while the yen has underperformedFX Update: The dollar has outperformed while the yen has underperformed so far today, against a backdrop of rebounding European and U.S. equity index futures, and with Asian stock markets managing to lift out of early weakness. S&P 500 futures rallied by nearly 4% after the cash version of bellwether index crashed with a 11.98% loss yesterday on Wall Street, its worst fall since the infamous "Black Monday" of 1987. Pledges for massive fiscal intervention has followed the Fed's massive 100 bp rate cut and $750 B re-start of QE. President Trump tweeted that "The United States will be powerfully supporting those industries, like Airlines others, that are particularly affected by the Chinese virus," many other nations have announced various plans of interventions to deal with the economic impact of social distancing, draconian travel restrictions, and other measures being taking to curtail the spread of the virus. Oil prices are up over 4%, but remain down by a massive over 53% on the year-to-date (WTI bechmark). How successful the policy responses will be in the face of lockdowns and the like remains to be seen. It's seems clear now that there won't be a V-shaped recovery in markets and economic activity, similar to that seen in Asia during the 2003 SARS episode, as the coronavirus has proved much more adept at spreading exponentially than the SARS virus of 2003 did. Among the main currency pairings, USD-JPY rose by over 1% in posting a high at 107.17. The pair has remained shy of yesterday's high at 107.57. EUR-USD dropped back by around 0.5% in making a low at 1.1126, remaining well within the range seen over the last several days. AUD-USD lifted out of the 11-year lows seen yesterday. |
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Earnings
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Metropolitan Bank reports Q4 EPS $1.39, consensus $1.16 »
16:38 01/21/21 01/2116:38 01/21/2116:38
MCB
Metropolitan Bank
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Syndicate
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Akero Therapeutics files to sell 99.25M shares of common stock for holders
16:37 01/21/21 01/2116:37 01/21/2116:37
AKRO
Akero Therapeutics
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Syndicate
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Akero Therapeutics files to sell 1.1M shares of common stock
16:36 01/21/21 01/2116:36 01/21/2116:36
AKRO
Akero Therapeutics
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Hot Stocks
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CarGurus CEO Langley Steinert shifts to chairman role, Jason Trevisan succeeds »
16:35 01/21/21 01/2116:35 01/21/2116:35
CARG
CarGurus
CarGurus announced that… Story temporarily locked. ShowHide Related Items >><<
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Initiation
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Fisker initiated with a Market Perform at Raymond James »
16:33 01/21/21 01/2116:33 01/21/2116:33
FSR
Fisker
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Earnings
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People's United reports Q4 operating EPS 35c, consensus 33c »
16:32 01/21/21 01/2116:32 01/21/2116:32
PBCT
People's United
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Initiation
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Noah Holdings initiated with an Overweight at Morgan Stanley »
16:31 01/21/21 01/2116:31 01/21/2116:31
NOAH
Noah Holdings
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Earnings
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BancFirst reports Q4 EPS $1.06, consensus 74c »
16:31 01/21/21 01/2116:31 01/21/2116:31
BANF
BancFirst
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Hot Stocks
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National Bank raises quarterly dividend 5% to 21c from 20c per share »
16:30 01/21/21 01/2116:30 01/21/2116:30
NBHC
National Bank
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Syndicate
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Aurora Cannabis announces $125M bought deal financing »
16:30 01/21/21 01/2116:30 01/21/2116:30
ACB
Aurora Cannabis
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Options
| Preliminary option volume… Story temporarily locked. |
Initiation
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Oppenheimer starts DermTech with Outperform, $53 target »
16:29 01/21/21 01/2116:29 01/21/2116:29
DMTK
DermTech
Oppenheimer analyst Kevin… Story temporarily locked. ShowHide Related Items >><<
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Hot Stocks
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Davidson Kempner reports 8.46% passive stake in Playa Hotels & Resorts »
16:27 01/21/21 01/2116:27 01/21/2116:27
PLYA
Playa Hotels & Resorts
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General news
| Treasury Market Summary:… Story temporarily locked. |
Hot Stocks
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Adamis announces SYMJEPI, epinephrine injection products at Walgreens »
16:24 01/21/21 01/2116:24 01/21/2116:24
ADMP
Adamis Pharmaceuticals
Walgreens Boots Alliance
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Initiation
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Noah Holdings initiated with an Overweight at Morgan Stanley »
16:22 01/21/21 01/2116:22 01/21/2116:22
NOAH
Noah Holdings
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Initiation
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DermTech initiated with an Outperform at Oppenheimer »
16:21 01/21/21 01/2116:21 01/21/2116:21
DMTK
DermTech
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Options
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Closing CBOE SPX and VIX Index summary for January 21st »
16:20 01/21/21 01/2116:20 01/21/2116:20
VIX
Volatility Index S&P 500 Options
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Initiation
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Taylor Morrison initiated with a Neutral at Janney Montgomery Scott »
16:20 01/21/21 01/2116:20 01/21/2116:20
TMHC
Taylor Morrison
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Initiation
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TRI Pointe initiated with a Buy at Janney Montgomery Scott »
16:19 01/21/21 01/2116:19 01/21/2116:19
TPH
TRI Pointe
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Hot Stocks
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Conformis, Sites Medical announce non-exclusive development and supply agreement »
16:19 01/21/21 01/2116:19 01/21/2116:19
CFMS
Conformis
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Initiation
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PulteGroup initiated with a Buy at Janney Montgomery Scott »
16:19 01/21/21 01/2116:19 01/21/2116:19
PHM
PulteGroup
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Hot Stocks
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PPG says demand continues to improve in many of its end-use markets »
16:19 01/21/21 01/2116:19 01/21/2116:19
PPG
PPG
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Earnings
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IBM reports Q4 Cloud & Cognitive Software revenue $6.8B, down 4.5% »
16:18 01/21/21 01/2116:18 01/21/2116:18
IBM
IBM
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Initiation
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Meritage Homes initiated with a Neutral at Janney Montgomery Scott »
16:18 01/21/21 01/2116:18 01/21/2116:18
MTH
Meritage Homes
D.R. Horton
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