Asian equity markets are mixed and US futures are higher on expectation of renewed risk appetite to start the new week. Investors are shrugging the miss in non-farm payrolls as a one-off due to weather impact and buying the recent dip. Nikkei225 is the best performer as USD/JPY hit a 1-week high above 111.50, while Australia miners have helped that index hit a 2-year high after positive broker commentary. In other FX majors, AUD/USD slid to January lows below 0.7480 and NZD/USD was at a 3-week low around 0.6920. Broad USD strength is derived from momentum on Friday as comments from Fed's typically more dovish voter Dudley are perceived to be increasingly more hawkish. Fed's Bullard also spoke in Australia, noting the underwhelming jobs report is in line with the view of 2% inflation and modest growth, urging a wait and see for Trump's fiscal policy combined with just one more rate hike by the Fed this year. Florida meeting between China Pres Xi and US Pres Trump is viewed as a success. China has reportedly offered improved market access for US financial sector investments and beef exports in a move to avert a trade war, while Xi has extended Trump an invitation to visit Beijing in the near future. China State Media also said the meeting marks the start of a relationship based on cooperation and respect instead of conflict.
Nikkei +0.65% Hang Seng +0.02% CSI -0.09% Shnaghai -0.22%
EuR$ 1.0589 CNH 6.9081 CNY 6.9081 JPY 111.36 GBP 1.2391 CHF 1.0090 RUB 57.4560 WTI$ 52.39 +0.33%
S&P +0.16% EuroStoxx +0.12% FTSE +0.14% CAC +0.06% Dax +0.18% SMI +0.36%
Macro :
- Italy Official: Too Early to Discuss CDP Role in Privatizations
- Morgan Stanley Targets 2017 Return on Equity 9%-11% Range
- EU Mulls Excluding U.K. From Updates on Trade Talks: FT
Keep an eye on :
- ABF LN : AB Foods Said to Seek Successor to Chairman Sinclair, Sky Says
- ABE SM : Abertis to Propose EU4B of French Highway Work, Echos Says
- AIR FP : Airbus Shows New A380 Seat Configuration in Hamburg: Figaro
- AIR FP : Boeing to Deliver 2 Passenger Jets to Iran Air in Month: IRNA
- AF FP : Air France-Klm March Passenger Traffic Rises 5% to 7.6M
- AKS US : AK Steel Declines to Comment on M&A Rumors That Pushed Up Stock
- ASML NA : Dutch Cos. Need Govt Support From Foreign Takeovers: ASML CEO
- BLT LN : BHP Urged by Elliott to Unify Structure, Separate US Petroleum
- BOI FP : Boiron Finalized Acquisition of Ferrier: Statement
- BPOST BB : Francois Cornelis to Be Proposed as Bpost Chairman, L’Echo Says
- BOSN SW : Bossard 1Q Sales CHF197.9m; Targets FY2017 Sales CHF750m-760m
- EDF FP : Macron Would Retain Decision to Close Fessenheim Nuclear Plant
- DL NA : NN Group Declares Offer for Delta Lloyd Unconditional
- DRX LN : Drax May Face Investor Revolt Over Executive Pay, Sky Says
- GAM SW : GAM Restructuring Needs Time, CEO Tells Finanz und Wirtschaft
- BAER VX : Julius Baer CEO Collardi doesn’t rule out further acquisitions
- FME GY : weighing bid for generic drugmaker Akorn: Bbg reut.rs/2nmWULa
- ILVA Spa : Italy Sees Offers for Steelmaker Ilva as Inadequate: Repubblica
- LDO IM : Leonardo May Be Part of Treasury-CDP Stake-Transfer Plan: Sole
- LIFE SW : BioTelemetry to Buy LifeWatch AG for CHF260m in Cash, Stock
- MDLZ US : Mondelez Said to Prepare Search for CEO Successor, WSJ Says
- RB/ LN : McCormick Said Considering Bid for Reckitt Brands: Telegraph
- SAND SS : Sandvik Sees Strong Demand Increase in South Africa, DI Reports
- SGO FP : Burkard Family Express Doubts on Sika-Saint Gobain Deal: SZ
- SIKA VX : Burkard Family Express Doubts on Sika-Saint Gobain Deal: SZ
- GLE FP : Kerviel Bank Accounts Seized by Bailiffs, 20minutes Reports
- SAZ GY : Stada Supports Offer by Bain Capital, Cinven Worth EU66/Share
- TEVA IT : Teva Said to Explore Sale of Women’s Health for Up to $2B
- TKA G : Thyssenkrupp to Cut Steel Unit Costs by EU500m, Affecting Jobs
- VIV FP : Vivendi CEO Said to Lead List of Telecom Italia Board Nominees