Stocks traded mixed in Asia, following two weeks of losses driven by a backdrop of uncertain trade conditions and signs that some key economies are slowing. Treasury yields steadied just below 2.90 percent.
U.S. equity futures advanced with stocks in Japan and Australia, while shares fluctuated in Shanghai and Hong Kong. European futures nudged higher. Treasuries held last week’s gains and the yen was steady after a bout of risk aversion that hammered global equities in recent sessions. The dollar edged lower after a strong week that took it to the highest in a month. Oil remains below $52 in New York. The yuan was little changed offshore. Japanese bonds are in focus as a recent slide in yields threatens to push the benchmark 10-year bond yield below zero percent.
Nikkei +0.62% Hang Seng +0.03% CSI -0.17% Shanghai +0.13% Shenzen -0.35%
Eur$ 1.1316 GBP 1.2587 JPY 113.46 CNH 6.8970 CNY 6.8985 CHF 0.9975 RUB 66.6720 TRY 5.39 WTI$ 51.31
S&P +0.38% EuroStoxx +0.39% Dax +0.55% SMI +0.08%
Macro :
- France’s Philippe Says Big Cos. Tax Cut Delayed A Year: Echos
- The Bulls Versus Bears Guide to the World Economy in 2019
- Recession Signal Hard to Miss If Stocks Are Taken at Their Word
- Goldman Expects Moderate to Low Risks on Leveraged Loans, CLOs
- May’s Team Reject New Brexit Referendum After Week of Crisis
- Italy Coalition Seeks Budget Accord in Bid to Reach EU Deal
- Germany to Lower Threshold for Takeover Reviews: Handelsblatt
Keep an eye on :
- ABBN SW : ABB, Hitachi Said to Near $11 Billion Deal for Power Grids
- ABBN SW : Investor AB Says It Supports ABB’s Divestment of Power Grids
- ACA LN : Britain’s SFO Investigating Acacia Mining: DJ
- AED BB : Aedifica Buys Belgian Housing Site for EU18M, Initial Yield ~5%
- AFB SS : AF Has Undertakings, Tenders for 71.3% of Poyry, Will Not Up Bid
- AIBG ID : AIB Group Confirms Naming Colin Hunt as CEO
- BAKKA NO : Bakkavor shares gain on talk of possible tie-up with rival - reported rumour
- BBVA SM : BBVA to Sell Real Estate Loan Portfolio to CPPIB: Confidencial
- BEIAB SS : Dagens Industri Recommends Readers Buy Beijer Alma Shares
- AST IM : Astaldi Received Separate Non-Binding Offers from Salini, IHI
- BINCK NA : Saxo Bank Is in Talks to Buy Dutch Online Broker BinckBank / 6,35 per share vs 4.72
- CABK SM : BPI Says Regulator Accepts Request to Remove Stock From Trading
- DAI GY : Daimler to Build E-Car Battery Plant in Poland: Puls
- BN FP : Yashili to Sell 49% of Yashili New Zealand to Danone SA (Friday)
- DANSKE DC : Nordea Bumps Danske into Second in Prospera Large Client Survey
- EDPR PL : EDP Renovaveis Wins 20 Yr CfD for 15MW of Wind at Greek Auction
- EDPR PL : EDPR Says Mayflower Wins Block in U.S. Offshore Wind Auction
- ENGI FP : French Govt Asks Engie to Hedge Some Gas to Keep Rates Steady
- ENI IM : Qatar Petroleum Buys 35% of 3 Offshore Mexico Finds With Eni
- FFARM NA : ForFarmers Sees ‘Modest’ Underlying Ebitda Decline in 2018
- ISN SW : Intershop Gets CHF227m in Gross Proceeds from Property Sale
- JE/ LN : Just Eat Shareholder Asks Board to Consider Non-Core Asset Sale
- NOVN SW : Novartis May Team With Reinsurers to Cut Drug Costs, FT Reports
- PDG LN : Pendragon Says CEO Trevor Finn to Retire
- RNO FP : Michelin CEO Favored by Govt to Replace Ghosn at Renault: Figaro
- RNO FP : Renault Is Said to Ask Nissan to Call Shareholder Meeting
- RNO FP : Nissan Probing Ghosn’s Use of ‘CEO Reserve’ Fund: Reuters
- RNO FP : Mitsubishi Motors Eyes Daimler Technology Tie-Up: Nikkei
- RYA LN : A Year on, Jury Is Out on Ryanair’s Thorny Dealings With Unions
- SAL IM : Salini Can Rebuild Genoa Bridge in a Year, CEO Tells Repubblica
- SHP LN : Shire’s NDA for Prucalopride Gets FDA Approval
- SIE GY : Siemens to Build New Digital Factory in Nanjing, China
- TIT IM : Telecom Italia Confirms Vivendi Request to Call Holders Meeting
- TIT IM : Bernabe, Galateri in Vivendi Slate for Telecom Italia: Radiocor
- UN01 GY : Uniper, Mitsui to Implement Wilhelmshaven Floating Storage Unit
- VIV FP : Telecom Italia Confirms Vivendi Request to Call Holders Meeting
- VOW3 GY : Volkswagen Cancels Thursday Supervisory Board Meeting: Reuters
- XIOR BB : Xior Buys Dutch Student Housing Site for ~EU13M, Yield ~6.2%