Asian equities climbed with U.S. and European stock futures and the offshore yuan following positive signs on the outlook for U.S.-China trade talks.
Equity benchmarks rose in Japan, Hong Kong and South Korea, and the Aussie ticked higher. News that Canada granted bail to the chief financial officer of China’s Huawei Technologies Co. -- arrested at the behest of the U.S. -- helped bolster sentiment. President Donald Trump added to the positive mood, telling Reuters he’d consider intervening in the case if it helped get a China deal, and would meet with President Xi Jinping if needed to advance trade talks. India’s bonds rallied after an ally of Prime Minister Narendra Modi was named as new central bank chief.
US After Hours PLAY -15%, AEO -5% PVTL +4%, URI +2% following earnings/guidance
Nikkei +2.15% Hang Seng +1.67% CSI +0.34% Shanghai +0.30% Shenzen +0.15%
Eur$ 1.1325 CNH 6.8884 CNY 6.8894 JPY 113.48 GBP 1.2514 CHF 0.9933 RUB 66.4464 TRY 5.3858 WTI$ 52.30 +1.26%
S&P +0.49% EuroStoxx +0.39% Dax +0.53% FTSE +0.33% SMI +0.39%
Macro :
- Citi Raises EM Stocks, Cuts Japan; Reduces Treasuries Overweight
- U.K.’s May Faces Biggest Crisis as Confidence Vote Reports Swirl
Keep an eye on :
- AD NA : Ahold Delhaize in Talks W/ Takeaway, Deliveroo for Delivery: FD
- AF FP : Air France to Name Anne Rigail as New Head: Europe 1
- ALFA SS : Alfa Laval to Divest Parts of Air Heat Exchanger Business
- ALO FP : Siemens and Alstom Submit Remedy Package to EC
- ATRLJB SS : Atrium Ljungberg Sees Concern About Retail Property Sector: SVD
- BMW GY : Daimler, BMW Carsharing Merger Will Begin Early 2019: HB
- BNP FP : French Banks Will Freeze 2019 Retail Banking Fees: FBF
- 1COV GY : Covestro PT More Than Halved, Issues Will Persist, Lampe Says
- CSGN SW : Credit Suisse Confirms CHF3b Share Buyback, to Raise Dividend
- DBHN GY : Deutsche Bahn, EVG Rail Union to Resume Wage Negotations
- DIA SM : DIA Says it’s in Advanced Talks With Banks to Refinance Debt
- ENGI FP : French Gas Regulated Tariffs to Decline 1.9% From Jan.: Figaro
- ITX SM : Inditex Nine Month Ebit EU3.1 Bln Vs. EU2.99 Bln Y/Y
- KER FP : Kering to Participate in Macron’s Tax-Exempt Bonus Scheme
- MC FP :: LVMH Says Will Implement Macron Proposal for Year-End Bonus
- MRW LN : speculation of amazon interest - executive anaware of any plan
- NESTE FH : Neste Plans EU1.4B Investment For Singapore Renewable Capacity
- PRQ SM : Parques Reunidos to Buy German Water Park for EU226M: Filing
- RNO FP : Nissan’s Kelly Files Complaint Against Extended Detention: Kyodo
- RKET GY : PLDT Considers Sale of More Shares in Rocket Internet: Star - https://bit.ly/2SJXiyz
- SAN SM : Botin-Linked Entity Buys 320,000 Santander Shares
- SAA1V FH : Sanoma Buys Educational Platform Iddink for EU277 Million
- SANN SW : Santhera Confirms FY Sales Guidance, Starts Share Placement
- SDR LN : Schroders Hires Two New Members in Australia Multi-Asset Team
- GLE FP : French Banks Will Freeze 2019 Retail Banking Fees: FBF
- TKA GY : Thyssenkrupp Mulls Naming Martina Merz as Chairwoman: Platow
- TKWY NA : Ahold Delhaize in Talks W/ Takeaway, Deliveroo for Delivery: FD
- TEMN SW : Temenos Buys U.S.-Based SaaS Vendor Avoka for $245m
- UNI SM : Unicaja Studying Merger With Liberbank: Expansion
- VIV FP : Tencent Music Raises $1.07 Billion in U.S. IPO
- WDP BB : WDP Extends Partnership With Auchan in Romania in ~EU45m Deal