Dividend delays upend pricing of Eurostoxx futures, options
Investors that rolled futures contracts before companies axed AGMs “could have lost a lot of money”
A wave of dividend cuts and postponed shareholder meetings is playing havoc with Eurostoxx 50 index futures valuations. Market-makers say they cannot price futures and options contracts on the index without visibility into when dividends will be paid, if at all.
The coronavirus outbreak has forced European corporates including BASF, Continental, Deutsche Telekom and Nokia to suspend annual
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