Risk aversion remains the prevailing sentiment for the 3rd straight trading session in Asia, while US futures markets have been in the red from the start. The worst shooting in US history at an Orlando nightclub early on Sunday by a "lone-wolf terrorist" killing over 50 people while professing his loyalty to ISIS has served as a reminder of vulnerability to such attacks. With two weeks until the Brexit vote, polls coming in are hardly suggesting that cooler heads will prevail, with continued momentum behind the Leave camp. In FX majors, USD/JPY is testing the downside of 106 handle for the first time in over a month, while GBP/JPY cross below 150.50 is a 3-year low. GBP/USD fell over 70pips from Friday close below 1.4180. China May economic data were generally in line or softer than expected.
In US deals news, Symantec announced it is buying Blue Coat Systems for $4.65B amid further consolidation in security space. In materials, Rio Tinto was reportedly working with Goldman to take control in copper assets Turquoise Hill and sell shares to a large investor after increasing its own stake. Tesla CEO CEO Musk tweets: "NHTSA confirmed today that they found no safety concern with the Model S suspension and have no further need for data from us on this matter"
Nikkei -3.08% Hang Seng -2.49% CSI -1% Shanghai -0.99%
Eur$ 1.1252 CNH 6.5973 CNY 6.5850 JPY 105.85 GBP 1.42 CHF 0.9646 RUB 64.48 WTI $ 48.55 (-1.06%)
S&P -0.37% EuroStoxx -1.51% Dax -1.48% SMI -0.98%
Macro :
- Dijsselbloem Plans EU Deposit Guarantee Deal by Year-End: HB
- Iran Collects $5 Bln Owed by Emirates National Oil Co.: Shana
- Poll Shows 43% for Brexit; 42% Back Remain: Times/YouGov
- MSCI Inclusion of A Shares Is ‘Historical Certainty’: CSRC
Keep an eye on :
- AF FP : Air France Says 77% of Flights Operating Sunday Amid Strike
- AF FP : Air France-KLM CEO Won’t Move KLM Flights to Paris, FD Reports
- BAYN GY : Monsanto Said to Rebuff New Bayer Offer at Same Price: Dow Jones
- BCSI US : Symantec to Buy Blue Coat in $4.65b Cash Deal
- CBK GY : Commerzbank Expanding Wealth Management, Boersen-Zeitung Says
- COP US : ConocoPhillips rebuffed USD 2bn-plus bids for UK arm from Ineos and Blackstone
- DBK GY : Deutsche Bank Plans System Security, Stability Improvements: FT
- EDF FP : France-U.K. Electricity Interconnector Proposed: Telegraph
- ESJ LN : EasyJet Hopes For ‘Constructive Dialogue’ With VNV Union
- ENI IM : Eni, BP to Start Drilling 2nd Well at Egypt’s Baltim: Borsa
- FEYE US : Symantec Said to Have Been in Advanced Talks to Buy FireEye
- FON FP : Foncia could fetch EUR 1.8bn - Journal du Dimanche
- HEN3 GY : Henkel Targets Further Growth Through Acquisitions: Rheinische
- KU2 GY : Kaeser Says Siemens Isn’t Bidding for Robot Maker Kuka
- KU2 GY : Merkel Urges Equal Treatment of German Investors in China
- KU2 GY : Midea in Contact With Kuka Shareholder Voith: Handelsblatt
- LHN VX : LafargeHolcim Top Investor Calls Franc Impact ‘Devastating’: NZZ
- LXS GY : Lanxess to Actively Join Consolidation Rubber Mkt, CFO Tells BZ
- MC FP : LVMH’s TAG Heuer CEO Says Jan-May Sales Rise 20% Y/Y: Reuters
- MRL SM : Merlin, Metrovacesa Plan Vehicle for Rental Homes: Confidencial
- RNO FP : Renault Nissan Auto India’s Workers to Get ~57% Wage Rise: ET
- RIO LN : Rio Tinto Hires Goldman to Help Privatize Copper Unit: S. Times
- SAN FP : Sanofi Says Positive Phase 3 Results for Lixilan-O, -L Trials
- SAN FP : Medley (Brazilian generics unit) could be sold by Sanofi, bought for E500m in 2009 - O Globo
- SAS SS : SAS Says 220 Flights Affected by Pilot Strike on Sunday, Swedish Mediation Office Calls in SAS, Pilots for More Talks
- SAS SS : SAS CEO Says Airline Can’t Afford Pilots’ Demands, DI Reports
- SIE GY : Kaeser Says Siemens Isn’t Bidding for Robot Maker Kuka
- TIT IM : Telecom Italia to Name George Nazi Head of Technology: Corriere
- TEF SM : Apax, CVC Capital May Make Joint Bid for O2, Sunday Times Says (GBP 10b price mentionned)
- LANS NA : FMR Reports 3.6% Van Lanschot Stake: AFM Filing
- YHOO US : Verizon, AT&T Said to Make Final Round Bids for Yahoo: Reuters