The rally in risk assets eased on Monday, with stocks in Asia trading mixed as doubts on the possibility for progress in the U.S.-China trade talks crept back into markets.
Resurgent worries on global growth are driving bonds higher and threatening to dent this year’s rally in riskier assets, with stocks dipping last week. Equities rallied in China where exchanges reopened after a one-week holiday, and edged higher in Hong Kong. Shares in Sydney fell while those in South Korea fluctuated. European futures pointed to a modestly firm start. Australia’s 10-year yields slid four basis points. Japan is shut for a holiday, so Treasuries won’t trade until the London open after 10-year yields edged down to 2.63 percent last week.
Nikkei -2.01% Hang Seng +0.53% CSI +1.80% Shanghai +1.35% Shenzen +2.89%
Eur$ 1.1325 CNH 6.7825 CNY6.7723 JPY 109.98 GBP 1.2933 CHF 1.0004 RUB 65.5965 TRY 5.2474 WTI$52.27 -0.85%
S&P -0.04% EuroStoxx +0.48% FTSE +0.46% DAX +0.47%SMI +0.66%
Macro :
- Hedge Funds Start February With Lowest Stock Exposure in a Year
- Fidelity Still Bullish on Emerging Markets Despite Trade Angst
- Goldman Drops Strong Balance Sheet Recommendation on Dovish Fed
- TPG Completes Raising Its 7th Asia Fund at More Than $4.6B
Keep an eye on :
- AC FP : Paris City Hall Seeks Maximum EU12.5m Fine Against Airbnb: JDD
- AGN US : Allergan Committed to Engaging With Appaloosa on Its Proposal
- AAPL US : Apple’s 4Q Chinese Shipments Dived 20% as Market Contracted: IDC
- BANI BB : Banimmo, Argema to Sign 12-Year Lease With ING Before End Feb.
- BARC LN : Barclays Holder Sherborne May Make Further Board Proposals: 13D
- BARC LN : Barclays to Move Some Derivatives Sales Jobs to Paris: Reuters
- BPE IM : BPER Banca acquires Unipol Banca for EUR 220m in cash; acquires 49% of Banco di Sardegna for 33m new BPER shares and EUR 150m convertible bond
- BNP FP : BNP's Lost 2 Billion Euros Needs Wider Jaws
- BOKA NA : Boskalis to Sell Equity Stake in SAAM SMIT Towage for $201M
- BG US : Bunge's Takeover Chances High, With More Suitors Than Just ADM
- BAS GY : BASF Taps Goldman Sachs to Advise on Construction Chemicals Sale
- CARLB DC : Carlsberg Foundation Sells Shares to Carlsberg: Ritzau
- CLAB SS : Buy Cloetta on Attractive Valuation, Dagens Industri Says
- CHR DC : Chr. Hansen Targets 50% Growth for Health Unit, Borsen Says
- DBK GY : Ex-Deutsche Bank Trader Avoids Prison for Libor Manipulation
- DIA SM : DIA Negotiating EU400M Loan With LetterOne, El Confidencial Says
- ENX FP : Euronext Raises Offer Price for Oslo Bors to NOK158/Share
- GALP PL : Galp Fourth Quarter Adjusted Net Misses Estimates
- IMB LN : Imperial Brands Chairman Mark Williamson to Step Down: Times
- JE/ LN : Cat Rock: Just Eat Should Start Merger Talks With Peers
- LXS GY : Lanxess Has Money to Play Role in Consolidation, CEO Tells FAZ
- MTRO LN : New York Investor Hound Takes 5% Stake in U.K.’s Metro Bank
- ROG SW : Roche Stockpiles Drugs in Preparation for Brexit: Franz to AZ
- SBRY LN : Frozen Food Chain Iceland May Bid for Sainsbury, Asda Stores: FT
- SCR FP : Scor Is ‘Consolidator,’ Would Examine M&A Project: CEO to Echos
- SN/ LN : Smid-Cap MedTech May Gain After Report of Smith & Nephew Talks
- SOLG LN : Cornerstone Reiterates Opposition to SolGold Offer
- SPD LN : Sports Direct Intl. SPD Offers to Buy Patisserie Valerie
- TCH FP : InterDigital Offers to Buy Technicolor’s R&I Unit
- FP FP : Total CEO Says Investment in Israel Is Too ‘Complex’: FT
- UNI IM : BPER Banca acquires Unipol Banca for EUR 220m in cash; acquires 49% of Banco di Sardegna for 33m new BPER shares and EUR 150m convertible bond
- UCG IM : UniCredit ‘Well Above’ Specific Capital Requirements Set by ECB
- WDI GY : After $10 Billion Share Plunge, Wirecard’s CEO Fights Back