Asian equity markets are sharply higher, tracking an impressive rally on Wall St following a very strong set of jobs numbers out of the US on Friday. After last month's surprisingly disappointing NFP report, this month should soothe worries over the health of the health of the US labor market for the time being. Coupled with the expectations of the Fed staying pat for the balance of the year, investors are cheering the "goldilocks" scenario with more buying, as US futures extend Friday gains above 2,130 - multi-month highs. In Asia, the risk-on sentiment is further aided by lifting political cloud of uncertainty in Japan and Australia as those markets are leading the regional rally. Among FX majors, USD/JPY is up about 60pips above 101, AUD/USD is up 30pips above 0.7570, though NZD/USD is in a 20pip range, supported at 0.7280.
Nikkei +4.58% Hang Seng +1.66% CSI +1.25% Shanghai +1.08%
Eur$ 1.1044 CNH 6.6987 CNY 6.6877 JPY 101.49 GBP 1.2953 CHF 0.9833 RUB$ 64.2156
S&P +0.41% EuroStoxx +0.74% Dax +0.86% SMI +0.72%
Macro :
- Kazakhstan Beats Soros After Dumping Pounds on Brexit’s Eve
- El-Erian Recommends U.K. Real Estate Wager, With Patience
- Europe Needs EU150 Billion Bank Bailout, Economist Tells Welt
- German Companies Have Record Goodwill in Balance Sheets: WiWo
- China Set to Invest EU2b in New EU Infrastructure Fund: Reuters
Keep an eye on :
- ABI BB : Investor unease about £77bn SABMiller takeover mounts http://bit.ly/29FsoTh
- ACS SM : ACS Wins Saudi Arabia Gas Pipeline Contract For $100 Million
- AIR FP : Airbus Is Running Out of Buyers for Its Enormous A380s
- AIR FP : Germania May Order 25 Airbus A320-Family Jets, Reuters Says
- AIR FP : Airbus Said to Be Poised to Win $7.5 Billion GoAir A320neo Order
- AIR FP : Boeing Said Close to Order for 20 737 Max Jets From Air Europa
- AIR FP : Boeing Said Set to Announce $1.3b Order From TUI for 11 Aircraft
- AIR FP : Boeing CEO ‘Extremely Confident’ on Lifting Output: Echos
- AF FP : Transavia Wants to Expand to Dutch Lelystad Airport: De Stentor
- AZN LN : AstraZeneca Considers Bid for Medivation, Sunday Times Says
- BMPS IM : State Move on Italy’s Paschi Last Resort: Undersec. in Corriere
- BN FP : Danone Cut to BBB+ by S&P, May Be Cut Further
- CSGN VX : Credit Suisse Is ‘Safer Than Ever’, CEO Thiam Tells NZZ
- BN FP : Pepsi sticks with soda after passing on milk company - NY Post - http://nyp.st/29qE0s2
- HPE LN : Hewlett Packard Enterprise Said to Mull Selling Software Assets
- HMB SS : H&M’s Persson Buys Debenhams’s Oxford St Store: Sunday Times
- JUN3 GY : Jungheinrich Confirms 2016 Forecast Amid Brexit, Euro Says
- LHN VX : LafargeHolcim to Divest Stake in Lafarge India for EV of $1.4b
- LAT FP : Latecoere Main Shareholders Want CEO Ousted: Tribune
- LLOY LN : Lloyds Said to Speed Cost-Cutting Plan, Boost Savings Goal: FT
- LSE LN : LSE/Deutsche Boerse: Tender offer prospects still bullish, sources say - MergerMarket
- LSE LN : Deutsche Boerse Said to Consider Lower LSE Approval Limit: WSJ
- MDVN US : AstraZeneca Considers Bid for Medivation, Sunday Times Says
- UG FP : France Has No Plan to ‘Exit’ PSA Shareholding in Near Future
- TPEIR GA : Piraeus Bank Agrees Sale of Piraeus Bank Cyprus: Statement
- PLND LN : Steinhoff to make new Poundland bid within days. Analysts had previously expected Steinhoff would need to increase its offer to between GBP 2.20 and GBP 2.30 per share.
- REP SM : Repsol 2Q Refining Margin $6.5/Barrel vs $9.1 Year Ago
- RCS IM : RCS Bid by International Media Holding Raised to EU1/Shr
- SAB LN : Investor unease about £77bn SABMiller takeover mounts http://bit.ly/29FsoTh
- SAN FP : AstraZeneca Considers Bid for Medivation, Sunday Times Says
- TEF SM : Telefonica Selling China Unicom Stake, Valued at $367 Mln: Terms
- TEF SM : Telefonica Sells 1.51% China Unicom Stake for About EU322M
- TLG GY : TLG Immobilien Portfolio Value May Reach EU2B Early, Welt Says
- UCG IM : Regulators Oppose UniCredit Bank Austria’s East Europe Split: WZ
- UTDI GY : United Internet Offers Fiber Optic Lines for SMEs: Handelsblatt
- DG FP : France to Hold Final Bid Round for Nice, Lyon Airports: Tribune
- VOW3 GY : German Prosecutor Starts Proceedings for Possible VW Fine: SZ
- VOW3 GY : Volkswagen Plans Procurement Savings, Automobilwoche Says
- VOW3 GY : Audi Strategy to Focus on Car Sharing, E-Cars: Automobilwoche