Asian equities advanced, helped by an encouraging start to U.S. earnings season, while Chinese bonds rallied after the nation’s central bank moved to support liquidity. The yen dipped amid a summit between U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe. Stocks gained in Japan, Australia and South Korea. China’s automakers declined after its government moved to allow foreign players take full ownership of their local ventures. The country’s 10-year bond yield fell the most since June after the People’s Bank of China cut the reserve requirement ratio for banks, part of its efforts to support credit amid a crackdown on shadow lending. The yen dropped on early signs that the Trump-Abe summit won’t see new trade demands from the U.S., reducing risk concerns.
Nikkei +1.49% Hang Seng +0.83% CSI +0.37% Shanghai +0.59% Shenzen +0.72%
Eur$ 1.2376 CNH 6.2850 CNY 6.2876 JPY 107.36 GBP 1.4306 CHF 0.9675 RUB 61.5829 WTI$ 67.08 +0.84%
S&P +0.87% EuroStoxx +0.03% Dax +0.06% FTSE +0.10% SMI +0.15%
Macro :
- VIX May Fall to 13 as S&P 500’s Poised for 2,800, Evercore Says
- Bitcoin’s Sudden Drop Snaps Seven Straight Days of Crypto Gains
- EU28 March Car Registrations Drop 5.3% Y/y to 1.793m Units
Keep an eye on :
- ASML NA : ASML Second Quarter Net Sales Forecast 2.8% Above Estimates
- AI FP : Air Liquide Signs New Contract With Covestro for Hydrogen
- CS FP : XL Group Rises on Report of $50/Shr Interest Prior to Axa Deal
- BAR BB : Barco First Quarter Revenue EU245.2 Mln Vs. EU246.2 Mln Y/Y
- BMPS IM : Monte Paschi Reshuffles Management Structure, Names New COO
- BP/ LN : BP Says Output From IPA of Prudoe Bay to Decline Further
- CNE LN : Cairn Energy Drops Most in a Month as Aker BP Drills Dry Well
- CYBG LN : CYBG Says to Raise Provisions for Legacy PPI Costs by GBP350M
- BN FP : Danone Confirms 2018 Guidance as 1Q LFL Sales Beat Guidance
- DTE GY : T-Mobile Shareholders Take Note, Sprint's Not So Cheap: Gadfly
- DEZ GY : Deutz: Carrying Amounts Deutz Dalian Engine Need to Be Adj Down
- DIS US : ESPN, Fox Sports to Jointly Bid for TV Rights for UFC: Variety
- EDPR PL : EDP Renovaveis 1Q Electricity Generation Rises 14% Y/y
- GET FP : Getlink 1Q Revenue Rises 4.1%; Co. Sees 2022 Ebitda >EU735m
- GBT FP : Guerbet 1Q Sales Down 9.8% to EU183.2M
- HMSO LN : Hammerson Withdraws Recommendation for Acquisition of Intu
- HEMF SS : Hemfosa Fastigheter First Quarter Rental Income Meets Estimates
- INTU LN : Hammerson Withdraws Recommendation for Acquisition of Intu
- IIA AV : Starwood Seeks to Grow Austrian Landlords After $1 Billion Bid
- MS IM : Tel Italia, Mediaset Finalizing Commercial Content Partnership
- MRL SM : Merlin Buys Office Building in Lisbon for EU33.3m: Statement
- OBEL BB : Orange Says Willing to Pay Cash for Cable Operator Voo: L’Echo
- OR FP : L’Oreal Adopts All Annual Meeting Proposals, Will Buy Back Shrs
- UG FP : *DJ Peugeot Group March EU New Car Registrations Rose 60% -ACEA
- PIRC IM : Pirelli Says Provera to Propose New Organizational Model May 14
- SGO FP : *SIKA CHAIRMAN: 'NOT AT ALL INTERESTED' TO BID FOR SAINT GOBAIN
- RCO FP : Remy 4Q Organic Revenue Growth Beats Forecast; Outlook Confirmed
- SKG IM : International Paper-Smurfit Merger Seen Helping Price Stability
- VPK NA : Vopak First Quarter Adjusted Ebitda EU190.2 Mln
- SAF FP : LUV: One dead, seven injured after Southwest jet engine blows ou
- SIKA SW : SWH: Burkards, Saint-Gobain Determined to Complete Sale Sika
- SREN SW : Swiss Re CEO Rules Out Cash Call for Any Softbank Deal, NZZ Says
- TIT IM : Tel Italia, Mediaset Finalizing Commercial Content Partnership
- TIT IM : Tel. Italia Says Most Elliott Proposals Premature, Not Feasible
- TIT IM : Telecom Italia Says Board of Auditors Decision ’Illegitimate’
- ROSE SW : Zur Rose First Quarter Sales CHF297.6 Mln