Asian equity markets are sharply higher, bolstered by positive developments regionally as well as in the Middle East. China mainland indices are outperform on the 2nd trading session after the holiday break, cheering strong New Loans and Money Supply figures for January. Overall sentiment is also very upbeat, as more reports surfaced that Russia Oil Min Novak will meet his Saudi, Venezuela and Qatar ministers in Qatar on Tuesday to discuss the state of the oil markets. March WTI is up over 4% near $31/brl mark, US S&P500 futures are up 7pts at 1,892, and USD/JPY spiked up to near 114.90, up about 50pips from the lows. In other USD majors, AUD/USD is up 50pips near 0.7180 at the high, while NZD is reeling from soft inflation expectations with an 80pip decline below 0.6590 at the lows. In Japan, Fin Min Aso said he was prepared to seek coordination with G7 leaders to respond to recent market volatility. Aso also said negative rates would be positive for consumption and investment, but a local press survey said just over 60% of respondents do not believe that negative BOJ interest rates will lead to economic recovery. PM Abe's advisor Hamada also spoke again, stating his personal belief is that MOF should intervene in FX since recent JPY rises are abnormal.
Nikkei +0.20% Hang Seng+1.35% Shanghai +3.19%
Eur$ 1.1160 CNH 6.5167 CNY 6.5140 JPY 114.53 GBP 1.4409 CHF 0.9879 RUB$ 76.6565 WTI$30.71(+4.43%)
S&P+1.68% EuroStoxx+0.56% Dax+0.51% SMI+0.48%
Macro :
- Goldman Says Oil Doesn’t Have Much Further to Materially Decline
Keep an eye on :
- ABG SM : Waddell & Reed Raises Abengoa Stake to 8.5%, Expansion Reports
- AIR FP : Airbus Will Deliver A350 to Singapore Air in a Few Weeks, Airbus Raises 2015 Order Tally by 44 Aircraft
- AF FP : AF-KLM Said to Sell Some Heathrow Slots to Oman Air: Telegraaf
- AI FP : Air Liquide 2015 Rev. In Line; Sees Net Profit Growth This Year
- DAI GY : Daimler to Cut Over 1,200 Jobs at North Carolina Plants: WSJ
- EDF FP :EDF 2015 Ebitda Beats Est., Cuts Dividend, EDF CEO: Hinkley Point Investment Decision Is Getting Closer
- EDF FP : France Set to Take EDF EU900m Div. in Shares Not Cash: Echos
- ENG SM : Enagas 2015 Ebitda EU900.5M Compares With EU920.9M Estimate
- HEI GY : HeidelbergCement Results Significantly Ahead, Goodbody Says
- ML FP : Michelin 2015 Oper Income Beats Est., Sees Further Profit Growth
- ORA FP : Orange CFO Says Finding Bouygues Accord to Please All Takes Time
- QIA GY : Qiagen Says Study Confirms Value of QuantiFERON-TB Gold Plus
- TRE SM : Tecnicas Reunidas Sees 2015 Ebit Estimate at EU86m
- TIT IM : Telecom Italia FY Sales, Ebitda Miss Ests., Telecom Italia to Speed Up Investments in Three-Year Plan
- TNTE NA : TNT 4Q Adjusted Operating Income Rises, FedEx Offer on Track
- FR FP : Bpifrance Sells Its Remaining Stake 1.7% in Valeo: Les Echos
- VOD LN : Liberty Global, Vodafone to Merge Dutch Operations Via 50-50 JV
- VOW3 GY : VW to Invest More Than 4 Billion Euros in China This Year