Asian stocks struggled for traction Monday with energy shares tumbling after oil extended its biggest drop in about a year. The euro rallied after Italy’s president rejected a candidate for finance minister who’s been skeptical of the single currency. Benchmarks dipped in Tokyo and Australia. South Korean stocks rose, as did U.S. futures, after President Donald Trump appeared to confirm that his June summit with North Korea’s Kim Jong Un was back on. Hong Kong stocks advanced. The MSCI Asia Pacific Energy Index had the biggest decline after a Saudi minister said petroleum supply would likely rise in the second half. Oil slid further below $70 a barrel in New York while the dollar slipped against most major peers.
Trading may be subdued round the world by U.S. and U.K. holidays Monday.
Nikkei +0.08% Hang Seng +0.63% CSI +0.45% Shanghai -0.09% Shenzen +0.15%
Eur$ 1.1721 CNY 6.3913 CNH 6.3832 JPY 109.58 GBP 1.3333 CHF 0.9919 RUB 62.15 WTI 66.20 -2.47%
S&P +0.44% EuroStoxx +0.35% Dax +0.32% SMI +0.05%
Macro :
- Italy May Be Cut by Moody’s on Concerns Over New Government
- Scholz Said To Rule Out Greek Loan Extension Beyond 3 Years: SZ
- Saudi Govt Is Said to Halt Orders from German Companies: Spiegel
- Germany Plans to Invest EU6 Billion in 1.5 Million New Homes
Keep an eye on :
- AF FP : Air France-KLM Must Remain United, Dutch Minister Tells Le Monde
- ATUS US : Altice’s U.S. Spinoff Looks Like a Winning Bet - http://bit.ly/2saEptD
- AAPL US : Apple Is Said to Develop Chip to Open Doors: The Information
- ASC LN : Asos Is Said to Seek New Chairman as McBride to Step Down: Sky
- ATCOA SS : Epiroc CEO Says Company Will Be Much Bigger in 5 Years: DI
- BG AW : Bawag’s Suedwestbank to Cut 290 Jobs: Stuttgarter Zeitung
- BCART BB : Biocartis Idylla Test Shows 80% Rescue Rate in Lung Cancer Test
- BT/ LN : BT rejects offers for Openreach
- DAI GY : Daimler Faces Scrutiny on 120,000 Diesel Cars, Vans: Bild
- DTE GY : T-Mobile Says It Hired Lobbying Firm Tied to Lewandowski: WSJ
- DPW GY : Deutsche Post Plans to Increase Letter Prices by 10 Cents: Bild
- DIS US : Disney’s ’Solo’ at $83.3M for 3-Day Portion of Weekend: Comscore
- EDPR PL : EDP Renovaveis Calls Meeting to Vote on Board Appointments
- ERA FP : Eramet CEO Bories Says Company Looking Into Acquisitions
- FDR FP : Fonciere Des Regions Board Approves Merger W/ Beni Stabili
- GEN DC : Genmab’s Latest Darzalex News ‘Clearly Negative,’ Sydbank Says
- GTO NA : Gemalto to Integrate eSIM Technology With Qualcomm’s Snapdragon
- GETIB SS : Getinge: Balloom Pump Pilot Study Showed Positive Trends
- INTO BB : Intervest O&W JV Buys Genk Site for EU150m Logistics Project
- ISS DC : ISS A/S Says Mondrian’s Direct Holding Increased to 5.25%
- MELE BB : Melexis to Gain BEL20 Index Entry at Quarterly Review: L’Echo
- MITRA BB : Mithra Says Mayne Pharma Submitted ANDA for Myring in U.S.
- NHH SM : Thailand’s Minor Boosts Stake in Spain’s NH Hotel by 18m Euros
- OCDO LN : Barron`s : Amazon-Killer Ocado Needs to Execute - http://bit.ly/2J9cDY9
- PGHN SW : Partners Group to Invest A$700m in Australia Renewables Platform
- PSON LN : Pearson Exploring Options for Properties Including FT Building
- RR/ LN : Boeing Said to Embed Ex-737 Max Boss at Rolls to Fix Engine Woes
- SAF FP : Gemalto to Integrate eSIM Technology With Qualcomm’s Snapdragon
- SEBA SS : SEB Still Moderately Overweight in Risk Assets in New Outlook
- SDIPB SS : Sdiptech AB Signs Pact to Acquire KSS Klimat- & Styrsystem AB
- SHP LM : Some Takeda Holders Submit Proposal Opposing Shire Deal: Nikkei
- LNSX GY : Sixt Leasing First Quarter Net Income EU5.9 Mln
- SRG IM : Baker Hughes, Snam to Develop Plants to Liquefy Gas in Italy: FT
- SMIN LN : Smiths Is Said to Be in Early Talks on Healthcare Unit Deal: Sky
- SNH GY : S. African Fund Manager Wants Wiese Out of Shoprite: Sun. Times
- STOB LN : Stobart Says Director Tinkler to Oppose Chairman’s Re-Election
- SUN SW : Sulzer Says Renova Removes Board Member to Reflect Lower Holding
- SREN SW : Swiss Re, SoftBank End Talks About Potential Minority Stake
- TDSQ PL : Teixeira Duarte Signs Agreement to Sell Lagoas Park
- FP FP : Total’s Saft to Invest Over EU200m in Battery Project: Reuters
- UBSG SW : Regulators Are Said to Appoint CICC, UBS to Unwind Anbang: FT
- UCB BB : UCB’s Cimzia Get FDA Approval for Plaque Psoriasis Patients
- VED LN : Billionaire’s Battered Miner May Face Investor, Political Unrest
- VM/ LN : CYBG Set to Sweeten Virgin Money Offer, Sunday Times Says
- VNA GY : Vonovia CEO Says Germany’s Housing Plans ‘Too Ambitious’: WiWo
- VOW3 GY : Volkswagen Wants to Reinstate Lobbyist Steg Back at Post: Bild
- VOW3 GY : VW to Halt Some Diesel Output on Software Glitch: Automobilwoche
- WPP LN : WPP Chairman Contacts Top Holders to Secure Re-Election: Times