Asian equity markets opened generally higher. After hitting multi-year highs on Friday’s session, the Nikkei 225 has continued to gain on today’s session. Japanese technology names, including Toshiba, Hitachi and Softbank have all traded higher following today’s weakness in the yen, Friday’s gain seen on the Nasdaq and the recent earnings guidance out of HP Inc. The Hang Seng has hit highs not seen since Dec 2007 amid over 4% gains in shares of Hong Kong Exchange (0388 HK). China’s Sept banking data released over the weekend (M2, M1, New Yuan Loans and Aggregate Financing) all beat market expectations. The inflation data released earlier today was mixed, as CPI was inline while PPI rose more than expected. Zhou said total debt leverage in China is too high. The latter comments by the Chinese central banker were made at the Group of 30 seminar in Washington D.C. Other central bankers that made comments at this event over the weekend included, Fed Chair Yellen. ECB’s Draghi also made comments on Saturday on the sidelines of the IMF and World Bank meetings, which also occurred in the US capital. Brent Crude futures are higher by over 1%, amid reports that Iraqi forces have advanced towards Kurdish-held Kirkuk. Recall in late Sept, the Kurdish region held a referendum and there was said to be 90% support for independence. Meanwhile in Catalonia, today is the deadline imposed by Spain’s central government for the leaders of the region to clarify their independence stance. According to a prior press report, if Catalan President Puigdemont confirmed by today that he has declared independence, he will be given a further 3 days to withdraw the declaration.
Nikkei +0.54% Hang Seng +0.88% CSI -0.04% Shanghai -0.31% Shenzen -1.23%
Eur$ 1.1798 CNH 6.5728 CNY 6.5795 JPY 111.89 GBP 1.3287 CHF 0.9761 RUB 57.2935 WTI$ 51.88 +0.84%
S&P +0.05% EuroStoxx +0.11% FTSE +0.07% Dax +0.12% SMI +0.13%
Macro :
- Draghi Sees No Evidence That Stock, Bond Valuations Stretched
- Some ECB Members Are Said to Identify 2.5 Trillion-Euro QE Limit
- Constancio Says ECB Will Decide Policy Recalibrations in Autumn
- Macron Says He Speaks to Iran in the Interest of Security
- Cohn: U.S. Wants to Get Financial Regulation to Right Level
- Yellen: Ongoing Strength of Economy to Warrant Gradual Hikes
- Italy Widens Golden Power Rules for Non-EU Bids in Some Sectors
Keep an eye on :
- ABE SM : Atlantia Is Said Ready to Raise Offer for Abertis: Reuters
- ABE SM : Abertis Wants Control Premium for Hispasat, Expansion Says
- ACS SM : ACS Courts Criteria’s Support For Abertis Bid: El Confidencial
- AIR FP : French Govt Remains "Vigilant" on Airbus Ethics: Le Maire
- AF FP : Air France-KLM to Redeem Early OCEANE Bonds Maturing 2023
- AKZA NA : Akzo CEO Doesn’t Expect New PPG Bid Immediately: FD
- ATC NA : Altice Intends to Repurchase Shares Worth up to EU1B
- AZN LN : AstraZeneca Says Faslodex Gets Positive CHMP Opinion
- BK US : Blackstone May Offer Direct Access to Retail Investors: WSJ
- BOSS GY : Bafin Files Suspected Insider Complaint on Boss Shares: Spiegel
- EN FP : Bouygues Unit Colas Files Complaint After Suspicious Payments
- DTE GY : T-Mobile, Sprint Deal Said to Be W/Out Divestitures: Reuters
- EZJ LN : EasyJet Confirms Talks Are Continuing W/ Air Berlin Overseers
- ERICB SS : Investor AB Raised Ericsson Stake to 6.61% of Capital: DI
- FUR NA : Fugro Will Nominate Oystein Loseth as CEO to Succeed Van Riel
- GALP PL : Galp 3Q Average Net Entitlement Production 92.4 Kboepd
- GLEN LN : Glencore Is Said to Have Standstill Agreement With Bunge: WSJ
- KINI VX : Kuehne + Nagel 9M Ebit, Net Turnover Rise
- LIN GY : Linde CEO Optimistic Share Swap Target Met by Deadline: Euro
- MHG NO : Marine Harvest Says 3Q Operational EBIT Around EUR 191m
- BMPS IM : Monte Paschi Advised By Six Banks for NPLs Securitization: Sole
- NESN VX : Hershey Is Said to Prepare Nestle Confectionery Unit Bid: CNBC
- NESN VX : Brazil Antitrust Is Said to Extend Nestle’s Deadline: O Globo
- NoKIA FH : German Industry Wants to Build Own 5G Mobile Network: WiWo
- PRS SM : Prisa Publishes Agenda for EGM Meeting to Raise Capital: Filing, Prisa Plans EU550m in Capital Increases, Eyes Cebrian Succession
- RB/ LN : Reckitt Said to Mull Financing Options for Pfizer Ops Bid: Times
- ROG VX : Roche to Pay $387 Million to Warp Drive Bio in Antibiotics Pact
- RYA LN : Ryanair Wants Malaysia Airlines’s Bellew as COO: Sunday Times
- SHP LN : Sachem Head Is Said to Ask Shire to Explore Sale of Assets: Sky
- SGRE SM : Siemens Gamesa Revises Fiscal Year Year Forecasts Downwards
- RCF FP : Teleperformance 3Q Rev. EU1.01b; Acquired Start-Up Wibilong
- TIT IM : Tel Italia CEO May Meet Calenda Over Grid Split-Off: Repubblica
- TOP DC : Topdanmark Raises FY Outlook After 3Q Profits of DKK464 Million
- UBSN VX : UBS to Show Setback in Third-Quarter FX Trading: Platow
- VOW3 GY : VW Is Said to Face Challenges in Securing L-T Cobalt Supply: FT
- VOW3 GY : VW Targets Tesla as Rival in E-Car Volume Sales: Automobilwoche
- MF FP : Wendel May Pick Francois-Poncet as New Executive Chairman: JDD
- ZURN VX : Zurich May Make More Travel-Insurance Purchases: Les Echos