Asian equities posted modest gains Friday and were on course for the strongest week since early November, bolstered by continued signs of flexibility from the Federal Reserve and optimism over U.S.-China trade negotiations. The yuan climbed to the strongest since July.
Shares in Tokyo led the region, with more muted gains in South Korea and Hong Kong, while European futures pointed to a higher start. The dollar was set for four weeks of losses as Fed Chairman Jerome Powell underscored the message of patience with further interest-rate hikes, while saying the central bank will keep shrinking its balance sheet to a more normal level -- a remark that sparked an intraday slide in U.S. stocks. Later, Vice Chair Richard Clarida said any sustained headwinds to the U.S. economy should be offset by policy.
US After Hours PVH +6%, SNX +5% following earnings/guidance, NFLX +1.7% boosted by analyst upgrade
Nikkei +0.97% Hang Seng +0.36% CSI +0.61% Shanghai +0.60% Shenzen +0.58%
Eur$ 1.1523 CNH 6.7565 CNY 6.7555 JPY 108.38 GBP 1.2757 CHF 0.9829 TRY 5.4431 RUB 66.9472 WTI$ 52.54 -0.10%
S&P -0.01% EuroStoxx +0.39% FTSE +0.42% Dax +0.40% SMI +0.20%
Macro :
- Activist Hohn Erases Most of His Gains for Worst Year Since 2008
- Fed’s Bullard Fears Being on the ‘Precipice of a Policy Mistake’
- Fed Should Try to Offset Headwinds If They Persist, Clarida Says
- Pictet Says Stock/Bond Diversification Will Fail Again This Year
Keep an eye on :
- ABI BB : Anheuser-Busch InBev Boosts Tender Offers to $16.5B
- AC FP : Accor Raises Orbis Offer Price to 95 Zloty/Share
- ALO FP : Germany’s Altmaier Pressuring Vestager on Siemens-Alstom: HB
- AMS SW : Apple Suppliers Among Biggest Gainers as Chip Rally Persists
- BAYN GY : Appeals Court Dismisses Challenge to EPA Dicamba Renewal
- CRG IM : UniCredit Open to Carige Deal if Bankrolled by State: Rtrs
- CLASB SS : Clas Ohlson Has Asked Suppliers to Lower Prices, DI Reports
- CSGN SW : Credit Suisse to Start at Least CHF1b Share Buyback Jan. 14
- DEB LN : Debenhams Holders Vote Against Chairman and CEO From Board Post
- DKSH SW : DKSH Plans Parnership With Thai Meiji Pharmaceutical in Myanmar
- FLYB LN : Virgin to Be Largest Holder in New Flybe, Stobart Group: Sky
- HLE GY : Weak Market Weighs on Hella’s Adj. Sales, Ebit Growth View
- HIS SM : Hispania Says Price of Alzette Purchase Order Is EU17.8012/Shr
- IHG LN : InterContinental Trades at Discount, Appealing for Takeover: UFP
- KU2 GY : Kuka Cuts 2018 Forecast on Industry Slowdown and Uncertainties
- MULTI NO : Multiconsult CEO Christian Norgaard Madsen Resigns
- NDA SS : Cevian’s Gardell Joins Nordea’s Nomination Committee
- NDX1 GY : Nordex Gets 150 MW Order From U.S.
- RENE PL : REN: Constitutional Court Sees 2014 Extraordinary Levy as Legal
- RNO FP : Prosecutors Indict Ghosn for Breach of Trust; Ghosn to Seek Bail
- RNO FP : Renault Board Won’t Decide on Ghosn’s Fate at Thu. Meeting: AFP
- RNO FP : Renault Exec Got Six-Figure Salary Unknown to Board: Reuters
- CFR SW : Richemont Third Quarter Sales Meet Estimates
- RUI FP : Rubis Takeover Offer for KenolKobil Wins Regulatory Approval
- SGO FP : Saint-Gobain Sells Glass Businesses in Norway & Sweden
- SDRL NO : Seadrill CFO Morris to Step Down in June 2019, Seadrill Partners CEO to Step Down in June
- GLE FP : SocGen Buys InfraVia Capital Partners’ Holding in Regaz
- SNH GY : Steinhoff Europe Says LSW Challenges Voluntary Arrangement
- SNH GY : Steinhoff: LSW GmbH Issued Application Challenging Arrangement
- STMN SW : Straumann Chairman Sees CHF5b Sales in Next 10 Years: NZZ
- VOW3 GY : VW Files Damage Claim Against Oliver Schmidt: Handelsblatt
- VOW3 GY : Bosch to Pay $103.7M in Emission Test Settlement With States