Asian equity markets opened higher as North Korea’s Founder’s day passes without another missile launch. The PBOC set the yuan reference rate at 6.4997, the 11th consecutive stronger setting and the longest streak since 2005. The PBOC also again skipped open market operations (OMO) for the 3rd consecutive session and drained a net CNY40B. Offshore yuan 1-day interbank rate rose 78bp to 2.29433%. Over the weekend China August CPI and PPI came in hotter than expected rising 1.8% on the year and PPI 6.3%, Shanghai Composite remained one of the more modest movers in the day.
Nikkei +1.34% Hang Seng +0.99% CSI +0.04% Shanghai +0.23% Shenzen +0.52%
Eur$ 1.2012 CNH 6.5270 CNY 6.5127 JPY 108.40 GBP 1.3175 CHF 0.9499 RUB 57.2910 WTI$ 47.88 +0.84%
S&P +0.48% EuroStoxx +0.69% FTSE +0.35% Dax +0.75% SMI +0.23%
Macro :
- Ministers to Propose New EU Tax Push on U.S. Tech Cos.: FT
- Oliver Wyman: MiFID II to Cut Research/Execution Spend by ~$1.5b
- Emerging Market Hedge Funds Outperform in August: eVestment
- Schaeuble Flirts With German Greens as Schulz Restarts Campaign
- Post-Brexit Customs Could Cost Traders £4 Billion, Study Says
Keep an eye on :
- ABBN VX : ABB’s Atiya Says Robotics Business in Strong Upswing: NZZ
- ABF LN : AB Foods Sees FY Primark Sales At Constant Exchange Rate +13%
- ABN NA : ABN Amro Investor Parvus Sells Its Stake in Bank: Telegraaf
- AIR FP : Boeing Is Said to Get SES 03B Constellation Order: Tribune
- AZN LN : AstraZeneca’s Imfinzi, Tagrisso Succeed in Lung Cancer Trials
- BNP FP : BNP Hires Paul Frankfurt for European Blocks Business
- BP/ LN : BP Said Near to Starting Search for Chairman Successor: S. Times
- CRG IM : Banca Carige Seeks to Return to Profit in 2018: Sole
- EOAN GY : EON Shares Fully Valued After Rally, Cut to Hold: Berenberg
- EVK GY : Evonik Plans Cost Cuts, Bolder Acquisitions Program: Rheinische
- FCA IM : FCA Seen Considering Magneti Marelli Sale or Spin-Off: Corriere
- GLEN LN : Glencore and Qatar Investment Authority to sell 14.16% stake in Rosneft to CEFC
- MC FP : LVMH’s Zenith CEO Expects Single-Digit 2017 Growth: NZZamS
- NESN VX : Nestle Said to Be Looking at Merck KGaA Units: Reuters
- UG FP : PSA to File Legal Complaint After Le Monde Diesel-Probe Report
- ROG VX : Roche’s Zelboraf Fails to Stave Off Melanoma After Surgery
- SBRY LN : Sainsbury Chairman Tyler Is Said Likely to Leave Next Year: Sky
- SCR FP : Scor Sees Minimal Co. Loss From Irma Damage to French Caribbean
- LOCAL FP : SoLocal Group CFO Virginie Cayatte to Step Down by Year End
- SREN VX : Natural Disasters Not Major Issue for Swiss Re, SamW Reports
- TEVA IT : Lundbeck CEO Schultz Becomes President, CEO of Teva
- UBI FP : Ubisoft CEO Doesn’t Want to Be Managed By A Conglomerate: Echos
- UN01 GY : Uniper Sees Potential Asset Purchases, CFO Delbrueck Tells FAZ
- FR FP : Valeo Workforce May Grow to 130,000 in 5 Years, CEO Tells JDD
- VIV FP : Italy Govt Commission on Vivendi to Work Until Sept. 25: Sole
- WOL AV : Wolford to be sold by end of 2017; Mei-Pochtler reportedly interested