A Valentine’s Day surprise…Asian stocks rise on the back of an unexpected decision by Beijing to halve tariffs on nearly 2,000 U.S. goods on February 14th. But the spreading Coronavirus is weighing on companies around the world. Tesla says a delay in deliveries has reversed a six-day rally while Yum China has warned of Q1 losses. Nike, Disney and Qualcomm are also bracing for disruption to business. In energy news, oil prices are up with markets banking on a production cut from Opec and its allies as a technical meeting between the producer nations runs over into a fourth day. We also have earnings from French banking giant Société Générale, which drops a reference to a key profitability target, and we speak to the CFO of Dutch lender ING who warns of a challenging environment amid negative interest rates.

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