Asian stocks rose Monday along with U.S. and European futures amid a flurry of deal activity and signs of progress toward a virus vaccine. The dollar edged lower and Treasuries were little changed ahead of this week’s Federal Reserve meeting.
South Korea led regional gains with an advance of more than 1%. S&P 500 futures rose about 1%. Comments from the Pfizer Inc. CEO about the likely deployment of a vaccine to Americans by year-end buoyed sentiment, as did reports that a deal for TikTok in the U.S. is nearing a conclusion.
SoftBank Group Corp. surged after Nvidia Corp. agreed to buy the Japanese firm’s chip division Arm Ltd. for $40 billion, while Gilead Sciences Inc. will acquire Immunomedics Inc. for about $21 billion. Gold and crude oil ticked higher.
Nikkei +0.55% Hang Seng +0.60% CSI +0.12% Shanghai +0.18% Shenzen +0.49%
Eur$ 1.1853 CNH 6.8296 CNY 6.8298 JPY 106.05 GBP 1.2826 CHF 0.9084 RUB 74.9137 WTI$ 37.56 +0.62%
S&P +1.37% Nasdaq +1.72% EuroStoxx +0.60% FTSE +0.34 Dax +0.63% SMI
Macro :
- Quants Say Asia Momentum Stocks Face Reckoning After Nasdaq Drop
- Goldman, Deutsche Say U.S. Stock Selloff May Be Close to an End
- End of Easing Cycle Makes for a Picky Time in Emerging Markets
- European Carmakers Face Bigger Emission Cuts in New Climate Plan
- China Bans German Pork Imports Over Swine Fever Case
Keep an eye on :
- BUSER SS : Video-Streaming Firm’s 1,200% Surge Hints at Future of Retail
- BMPS IM : Italy’s Gualtieri Wants Monte Paschi Saved Not Broken Up
- BCHN SW : Burckhardt Agrees to Buy Remaining 40% of Shenyang Yuanda
- CABK SM : CaixaBank-Bankia Deal Delayed by Price Disagreement: Vanguardia
- CYAD BB : Celyad May Over 36 Months Sell Up to $25m of ADSs Through ATM
- CCAP GY : Corestate Announces Capital Increase of 19.5% to Raise EU74.6M
- CNHI IM : CNH Fully Committed to Industrial JV With Nikola: Spokesman
- DB1 GY : Deutsche Boerse Says it Presented Bid for LSE’s Borsa Italiana
- ENX FP : Euronext Confirms Sent Non-Binding Offer for Borsa Italiana
- GILD US : Gilead Nears Deal to Buy Immunomedics for Over $20b, WSJ Says
- GLEN LN : Glencore Sues Texas Rival Over Refueling System Patents
- THG LN : Hut Group Founder to Sell $69 Million of Shares, Times Reports
- B4B GY : Czech Billionaire Kretinsky Plans to Raise Metro Stake Above 30%
- NESN SW : Posh Coffee Drinking at Home Marks ‘Good’ Year for Nestle Brazil
- NOKIA FH : Qualcomm-Nokia Group Wins Dismissal of Lawsuit by Auto Supplier
- NOVN SW : Novartis Phase 3 KITE Study of Beovu in DME Met Primary Endpoint
- SAN FP : Sanofi: FDA Grants Breakthrough Therapy Designation for Dupixent
- SHA GY ; Schaeffler CEO Tells Welt He’ll Look at Sensible Acquisitions
- SEV FP : Suez Management Working On Alternative to Veolia Bid, Varin Says
- UBI IM : Intesa Sanpaolo Owns 98.9% of UBI Banca’s Share Capital
- UNA NA : Unilever South Africa Will Review Marketing, Says Ad Was Racist
- VIE FP : Veolia’s Frerot Says Suez Jobs to Be Preserved, Les Echos Says
- VLA FP : Valneva, Dynavax in Commercial Supply Pact for Covid-19 Vaccine
- VOD LN : Vodafone Remains in Talks to Sell Stake in Egypt Unit to STC
- VPK NA : Vopak, BlackRock’s Gepif to Buy Three Dow Terminals for $620m