Asian Markets soften on worries about Trump presidency & hard brexit. Sterling plunges 200pips below $1.20 as UK press reports PM May's Tuesday speech will lay the groundwork for a "clean and hard Brexit"; UK Treasury plans to speak with banks about measures to reassure investors; US President-elect Trump promises to offer UK a quick and fair trade deal. China CASS researcher laid out a case for the govt to stop intervening in FX markets and undergo a one-off Yuan devaluation; Another China state researcher also noted there's a chance that 2017 GDP is not lower than that of 2016. BOJ Gov Kuroda reiterates central bank is prepared to adjust policy, while still anticipating CPI to remain slightly negative; On the plus side, Kuroda expects price trends to pick up.
Nikkei -1% Hang Seng -0.98% CSI -0.64% Shanghai -1.04%
Eur$ 1.0628 CNH 6.8533 CNY 6.8915 JPY 113.71 GBP 1.2038 CHF 1.0095 RUB$59.4890 WTI$ 52.43 -1.09%
S&P -0.26% EuroStoxx -0.57% Dax -0.48% FTSE +0.19%
Macro :
- U.K. to Leave Europe’s Single Market Under Brexit: Sunday Times
- El-Erian Says Markets Getting Impatient With Trump Rally
- Le Pen Win Would Be Disaster for France, EU, Schulz Tells Pais
- Swiss Econ Min Says Franc Shock May Hit Companies W/ Delay: NZZ
- Trump Says Will Be Flexible in Relations With China, Russia: WSJ
- EU’s Brexit Negotiator Seeks ‘Special’ London Deal: Guardian
- Italy Says Germany Insistence on Fiat Chrysler Incomprehensible
- EU's Chief Brexit negotiator Barnier: EU needs special vigilance in allowing UK financial firms access to the EU because of potential financial stability risks
- FTSE 100 Futures Extend Rise After May’s Hard Brexit Stance
Keep an eye on :
- ALV GY : Allianz CEO Sees Positive Impact From Trump Plans: Sueddeutsche
- ALV GY : Long Allianz, Short Generali, Deutsche Bank Says
- ACX SM : Acerinox to Benefit From Trump Infrastructure Plan: Economista
- MT NA : Arcelormittal’s INR500b Mining Plan Fails to Get India Nod: ET
- AZA IM : Etihad Seeks Lufthansa Partnership for Alitalia: Messaggero
- BARC LN : Barclays Chairman Seeks ‘Sensible’ Brexit for City: Sun. Times
- BMPS IM : Paschi, Atlante Restarted Talks on NPLs: Messaggero
- BMPS IM : Paschi Board to Start Review of Business Plan Jan. 19: Stampa
- BBVA SM : BBVA Favored Over Santander at RBC; CaixaBank Best Domestic Bank
- EN FP : Bouygues, Strabag Make Shortlist to Build Croat Bridge: Jutarnji
- DAI GY : Mercedes-Benz Korea to Invest 200b Won for Network Expansion
- DH CN : Buyouts: Big PE firms interested in DH Corp: sources dlvr.it/N65R7X
- DBK GY : Deutsche Bank, 6 Banks to Form Blockchain JV: Handelsblatt
- DENERG DC : received approval of an amended building consent related to the Borkum Riffgrund 2 Offshore Wind Farm
- DTE GY : Deutsche Telekom to Form Partnership With Innogy: Handelsblatt
- ENEL IM : Enel, Dubai Electricity and Water Sign MOU on Collaboration
- EI FP : Essilor, Luxottica to Merge as Delfin Agrees to Contribute Stake
- FB US : Facebook to Take Steps to Deal With Fake News in Germany
- FCA IM : Fiat May Pursue Merger With VW in ‘Medium Term’: Milano Finanza
- FCA IM : U.K., Netherlands OK Fiat Engines Tied to U.S. Probe: S. Times
- FCA IM : Germany’s Dobrindt Says Some Fiat Models Must Be Recalled: BamS
- GRPN US : Alibaba Said Has No Plans to Buy Rest of Groupon: StreetInsider
- HEIA NA : Heineken, Suntory Interested in Habeco Stake Purchase: Dau Tu
- JMT PL : Jeronimo Martins Makes the Most of Immature Polish Retail Market
- LEON SW : Veraison Wants Leonteq’s Schoch, Ruflin to Go: SonntagsZeitung
- LHA GY : Etihad Seeks Lufthansa Partnership for Alitalia: Messaggero
- MS IM : Mediaset Didn’t Seek Conflict W/Bollore: Berlusconi to Corriere
- NAS NO : Norwegian Air Says Computer Systems Delay Deal With Ryanair: E24
- NDX1 GY : Closed 2016 with strong December order intake in Germany
- NOVOB DC : Novo Nordisk Treatment Granted Orphan Drug Status by FDA
- ORA FP : Orange Makes FTTH Co-Investment Proposal to Proximus: De Tijd
- POP SM : Saracho to Make Board Changes at Popular, Expansion Reports
- PQR SM : Parques Reunidos Wants to Enter Shopping Malls: Expansion
- SAL IM : Salini-Impregilo Aims to Boost U.S. Business: Il Sole
- SEBA SS : SEB Says CEO Annika Falkengren to Leave Bank by July 2017
- SKY LN : Fox, Sky Seek to Avoid U.K. Hearings on Merger Plan: Telegraph
- RYA LN : Ryanair Says Brexit Not Hurting Spanish Tourism: Economista
- SYNN VX : Syngenta chairman to attend roundtable event with Chinese president next week - spokesperson
- TGYM IM : Technogym Targets Growth in U.S. Market: Il Sole
- TLX SM : Ardian, CVC, KKR to Bid for Telxius Stake: Expansion
- UNA NA : +ve article in BArron's
- FR FP : Valeo May Lift Its Earnings Targets in February, Investir Says
- VOD LN : O2, Vodafone Said to Be Renegotiating Mast Deal: Telegraph
- VolkerWessels IPO : IPO could lead to valuation of EUR 1.5bn to EUR 2bn (125m net profit in 2015) - Het Financieele Dagblad
- VOW3 GY : VW Documents Say Winterkorn Knew Early of Diesel Scandal: BamS