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The major regional equity indices were bid...>

STOCKS
STOCKS: The major regional equity indices were bid in Asia-Pac hours, drawing
support from a nudge higher in crude prices, with Tokyo closed for a market
holiday, limiting broader activity/volume.
- U.S. earnings season grinds on after Alphabet's quarterly revenues topped
expectations, while regional results saw Samsung Electronics, somewhat
predictably, deliver a warning re: Q2 on the back of the COVID-19 outbreak.
- Highlights of Wednesday's U.S. earnings slate include: Boeing, American Tower,
Facebook, Microsoft, Qualcomm & Mastercard
- Also worth flagging that DJIA heavyweight Boeing is "working with investment
banks on a multibillion-dollar bond-fueled financing package, aiming to shore up
its balance sheet amid a sharp travel downturn from the pandemic," per RTRS
sources. The same report also noted that "Boeing has also considered applying to
the U.S. Treasury Department for aid under a $17 billion program for companies
that are critical to national security"
- Hang Seng +0.2%, CSI 300 +0.4%, ASX 200 +1.0%.
- S&P 500 futures +30, DJIA futures +203, NASDAQ 100 futures +110.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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