Asian equity markets opened mostly to the downside with North Korea conducting its sixth-ever nuclear test on Sunday, which according to Japanese officials resulted in seismic readings that were 10 times more powerful than the country's previous test a year ago. North Korean state media claimed the country has developed a hydrogen bomb that could attach to an intercontinental ballistic missile. The test was met with widespread condemnation across the globe. US Defense Secretary Mattis said the US has many military options to deal with the latest provocations, but that it was not seeking total annihilation of the country. President Trump scheduled a meeting with military leaders to discuss the situation, while also tweeting the US is “considering, in addition to other options, stopping all trade with any country doing business with North Korea.” Analysts in general think that the market impact this time around will linger longer than previous as provocations have become more frequent and more successful. Though lacking a major event should return to normal in the near term.
- On the whole markets traded off N. Korea with earnings season mostly over and no major economic data. In China metals continue to rally and gasoline prices in the US continue to climb on supply concerns after Hurricane Harvey. US markets will be closed Monday for a holiday.
Nikkei -0.91% Hang Seng -0.50% CSI +0.42% Shanghai +0.40% Shenzen +0.62%
Eur$ 1.1885 CNH 6.5495 CNY 6.5492 JPY 109.78 GBP 1.2954 CHF 0.9609 RUB 57.6088 WTI$ 47.30 +0.02%
S&P -0.38% EuroStoxx -0.44% FTSE -0.29% Dax -0.73% SMI -0.50%
Macro :
- May Set to Agree on $65 Billion Brexit Bill, Sunday Times Says
- EU’s Vestager Says State Aid Rules Shouldn’t Hinder Innovation
- Padoan Says Italy Improving Debt Mgmt as It Plans for End of QE
- Sweden Proposes Welfare Profit Cap, Excludes Health Care: SVT
Keep an eye on :
- ABN NA : ABN Amro Group, Grifols to Join S&P Europe 350
- AB1 GY : Air Berlin Is Said to Pay 10% Interest for Bridge Loan: BamS
- ALPH SW : Alpiq Sees CHF2.2b Swiss Hydro Power Market Deficit By 2021: SaW
- AKE FP : Arkema Says Fire Seen at Texas Plant Soon After 5pm
- BAYN GY : Bayer, Monsanto May Need to Resolve Any Serious Concerns: EU
- BCP PL : BCP Says Requested Legal Assessment Won’t Halt Novo Banco Sale
- BOL FP : Bollore First Half Revenue EU7.1b
- BVI FP : Bureau Veritas Says It Raised $355 Million in Private Debt Issue
- CLN VX : White Tale Wants Clariant to Sell Plastics & Coatings Unit: SZ
- FB US : An Instagram hack hit millions of accounts, and victims’ phone numbers are now for sale
- FCA IM : Fiat CEO Says There Is No Big Deal on His Table: Marchionne
- FCA IM : Fiat Chrysler to Spin Off Car-Part Unit as No Big Deal on Table
- GL FP : Galeries Lafayette to Buy 100% of La Redoute by 2021: JDD
- GVNV NA : GrandVision Will Boost Its Stake in Visilab to 60% From 30%
- GRF SM : ABN Amro Group, Grifols to Join S&P Europe 350
- HELN VX : Helvetia First Half Business Volume CHF5.53 Bln
- ILD FP : France to Look Into Tax of Wireless Offers, Budget Minister Says
- IMG LN : Rise of 82% in licensing revenue bodes well for upcoming sale - FT
- LUPE SS : Lundin Mining Could Buy Mining Company of Significant Size: DI
- NETS DC : Nets Is Said to Start Exclusive Talks for Takeover: Reuters
- NOVN VX : Novartis Names Narasimhan CEO as Jimenez Retires
- ORA FP : France to Look Into Tax of Wireless Offers, Budget Minister Says
- PACD US : NYSE said the company is below compliance with its continued listing standards; to be delisted if unable to resume compliance within 6-months
- UG FP : PSA’s Opel Unit Said to Lose EU4m Each Workday: Automobilwoche
- RB/ LN : Reckitt Benckiser Says 4 Senior Executives to Leave: FT
- SAN FP : Sanofi Gets Tentative FDA Approval of Admelog
- SPD LN : Sports Direct investors to fight share buybacks which would increase founder Mike Ashley’s stake
- SAZ GY : Nidda Proposes EU74.40/Shr Cash for Stada Minority Holders
- TIT IM : Telecom Italia to Name New CEO Within Weeks: Recchi to Corriere
- TEVA IT : -2.75% in TLV
- TWX US : Universal Pictures In Talks to Sell Oriental DreamWorks Stake:FT
- TUI GY : TUI Seeking Acquisitions as Divestments Fill War Chest: FAZ
- VIV FP : Fininvest, Mediaset Seek EU3B Legal Damages From Vivendi: Sole
- VOW3 GY : Volkswagen to Recall Over 1.8m Cars in China on Fuel Pump Defect