Stocks declined and gold, oil and Treasuries advanced in the wake of escalating Middle East tensions as Asian financial markets returned to full strength following New Year holidays.
Gold surged to the highest in more than six years and Treasury yields ticked lower amid fallout from the U.S. killing of a top Iranian military commander in Iraq. Oil extended Friday’s climb. The yen matched a three-month high, though pared earlier gains. Japanese, Hong Kong and South Korean equities fell, and U.S. and European futures retreated. Chinese and Australian stocks bucked the trend. The S&P 500 Index posted its biggest loss in a month Friday in the wake of the killing, which threatened to spur escalating violence across the Middle East.
Stocks trading in Europe that have exposure to the Middle East could be active on Monday as tensions in the region increase following the killing of a top Iranian military commander by a U.S. drone in Baghdad last week.
Nikkei -1.91% Hang Seng -1.15% CSI -0.79% Shanghai -0.40% Shenzen -0.08%
Eur$ 1.1160 CNH 6.9766 CNY 6.9771 JPY 108 GBP 1.3076 CHF 0.9710 RUB 62.17 TRY 5.9731 WTI$ 64.37 +2.09%
S&P -0.36% EuroStoxx -0.61% FTSE -0.45% Dax -0.71%
Macro :
- WTI Crude Futures Rise as Much as 4.8% Before Paring Gains (Friday)
- Draghi, Yellen Warn of Risks Facing Policy in Low-Rate World
- Oil Set for Bumpy Week as U.S. Says Iran May Strike Saudi Again
- Danish Bank CEOs Expect Consolidation to Continue, Borsen Says
- RBC’s Calvasina Boosts S&P 500 Year-End Target to 3,460
Keep an eye on :
- ACS SM : ACS Reaches Agreement to Sell Spanish Solar Projects
- AF FP : French Speed Trains Almost Normal on Monday: SNCF
- ASML NA : U.S. Pushed to Block Dutch Chipmaker Tech Sale to China: Reuters (16% of Rrev in 2018 Acc. to bbg)
- ATL IM : Italy’s Autostrade Seeks Talks to Save Toll Contracts: Corriere
- ATL IM : Italy Must Punish Atlantia on Concessions, Deputy Minister Says
- AVP US : Natura Confirms Conclusion of Merger With Avon
- BMPS IM : Italy, EU Close to Accord on Paschi’s NPL Transfer: Messaggero
- BMW GY : BMW Beats Mercedes in U.S. Sales for the First Time Since 2015
- CPG LN : Compass Group Said to Start Search for New Chairman, Sky Reports
- COV FP : Covivio Agrees to Buy Hotels in Europe for EU618.5m
- EQT SS : EQT Said to Seek Bookrunners for IPO of Visa Services Firm VFS
- EQNR NO : Equinor to Buy Stake in Bill Gates-Backed Kobold Metals, FT Says
- EQNR NO : Equinor Plans to Cut Norway Emissions by 40% by 2030, E24 Says
- EXOR IM : Exor, Peugeots Discussing Shareholder Pact on Fiat-PSA: Sole
- FCAU IM : Exor, Peugeots Discussing Shareholder Pact on Fiat-PSA: Sole
- FPP IM : Exor, Peugeots Discussing Shareholder Pact on Fiat-PSA: Sole
- IPN FP : Ipsen’s Dysport Wins License Update in U.K. for Cerebral Palsy
- MITRA BB : Mithra Signs Licensing Pact With Alvogen for Hong Kong, Taiwan
- TAP US : Molson Coors Filing Hints at a Possible Sale, Evercore ISI Says
- UG FP : Exor, Peugeots Discussing Shareholder Pact on Fiat-PSA: Sole
- PRX NA : Takeaway.com Nears Final Victory in $8 Billion Just Eat Battle
- RBI AV : Dziubak Family ‘Happy’ With Raiffeisen Polish Ruling: Lawyer
- GLE FP : FT Article : Making the case for European bank champions - https://on.ft.com/2FmmPcl
- SRAIL SW : Stadler Rail Wins German Tram Tender Worth About EU62m
- SRCG SW : Sunrise Names Uwe Schiller CFO Effective Immediately
- TSLA US : Musk’s Moment of Truth Arrives as Made-in-China Teslas Roll Out
- VOW3 GY : VW Dec. U.S. Car Sales -25% Vs. +6.80% Y/y
- VOW3 GY : U.K. Car Sales Fall for Third Year on Brexit Concern, Diesel Hit
- VOW3 GY : VW Sees SUVs at More Than 50% of 2025 Car Sales: Handelsblatt