Asia-Pacific stocks kicked off the penultimate week of the year on a positive note after a Republican agreement on the shape of U.S. tax cuts aimed at boosting growth in the world’s largest economy. Equity benchmarks in Tokyo, Hong Kong and Sydney climbed after the S&P 500 Index and other American gauges closed at records on Friday. Mid-week votes in the House and Senate are planned on the legislation that will reduce corporate and individual tax rates. Lawmakers are aiming for the bill to land on President Donald Trump’s desk for a signature before Christmas. “The odds of the tax cut legislation getting passed within this year have grown,” said Shoji Hirakawa, chief global strategist at Tokai Tokyo Research Institute Co. This “will benefit not only the U.S., but also economies around the globe including Japan, allowing investors to anticipate an increase in corporate earnings.”
Nikkei +1.55% HAng Seng +0.88% CSI -0.08% Shanghai -0.13% Shenzen -0.69%
Eur$ 1.1768 CNH 6.6109 CNY 6.6123 JPY 112.66 GBP 1.3345 CHF 0.9901 RUB 58.7534
S&P +0.22% EuroStoxx +0.67% Dax +0.78% FTSE +0.20% SMI +0.38%
Macro :
- Bitcoin Heads to Bigger Wall Street Stage as CME Debuts Futures
- BlackRock Says Politicians Should Support Bank Mergers: FAZ
- Blankfein Says Has Interest in Brexit Outcome on Employee Behalf
Keep an eye on :
- AIR FP : Trump Admin Is Said to Study Banning Aircraft Sales to Iran: WSJ
- AIR FP : Embraer Sees Starting Commercial Service W/ Uber in 2024:Reuters
- AKAM US : *AKAMAI TECHNOLOGIES HOLDER ELLIOTT TO CONSIDER MAKING PROPOSALS
- STS IM : Ansaldo STS Cuts 2017 Rev. Guidance on Some Contracts Delay
- ASTON MARTIN IPO : Aston Martin Owners Are Said to Hire Lazard for Options: Reuters
- ATO FP : Atos Won’t Pursue Offer to Buy Gemalto at EUR 46.0 Per Shr
- BBVA SM : BBVA Says Finance Industry in Consolidation Phase: Vanguardia
- BKIA SM : Bankia Seeks Partner for Consumer Credit Unit: Confidencial
- USE GY : Undritz Is Said to Oversee Beate Uhse Insolvency: Handelsblatt
- BMW GY : BMW Sees Cobalt Demand Accelerating Faster Than Expected
- BMW GY : BMW to Give Orders to Taiwan’s Hota Industrial: Economic Daily
- BNP FP : Polish Regulator Cuts Extra Capital Buffer For BGZ BNP Paribas
- CON GY : Continental Targets Electro, Hybrid Break-Even by 2021: BZ
- DEA GY : DEA Sells Stakes in Nyhamna, Polarled and Gassled to CapeOmega
- DTE GY : Deutsche Telekom Maintains StreamOn Doesn’t Violate EU Law
- DIS US : Disney: ’The Last Jedi’ on Track for Second-Biggest Day Ever
- ENI IM : Egypt Starts Natural Gas Production from Eni Field: Oil Minister
- EI FP : Essilor Luxottica to Be Listed in Milan too: Founder to Corriere
- GLPG NA : Galapagos: Gilead Sciences Transferred Shrs to Other Subsidiary
- GTO NA : *THALES IN PACT TO BUY GEMALTO AT EU51/SHR IN ALL-CASH OFFER
- G IM : Generali to Sell Ireland-Based Generali Paneurope
- GIVN SW : Givaudan in Exclusive Talks to Buy Expressions Parfumees
- HEN3 GY : Henkel to Keep All Options Open Regarding Takeovers: Euro Am S.
- HSY US : Hershey Is Said to Near $1.6b Deal to Buy Amplify Snack: CNBC
- HMB SS : H&M May Need a New Management, Owner Didner & Gerge Says: DI
- III LN : 3i Infrastructure Sells Anglian Water Group Stake for ~GBP395M
- LSE LN : Lone Capital Is Said to Back TCI on Ousting LSE Chair:Telegraph
- NDA SS : Nordea CEO Sees Norway Unit Less Affected by Job Cuts: FA
- RIO LN : Rio’s Iron Ore CEO Says Demand ‘Very High’ for Flagship Product
- RIO LN : Rio Tinto Plans to Boost Autonomous Truck Fleet 50% by 2019
- SHP LN : Shire Files Injunction Against Roche Over Hemlibra
- SHP LN : Shire shareholders wary of potential sale or spin-off of neuroscience division - The Times
- STL NO : Statoil Buys 25% of Roncador Field in Brazil
- SHN GY : Steinhoff to Meet Creditors, Insurers in London Tues.: S. Times
- TEL2B SS : Tele2 to Propose Nomination of Georgi Ganev as New Chairman
- TEVA IM : Teva Extends Rally, Supply Chain Stocks Climb: Health Wrap
- HO FP : Thales Makes Cash Bid That Values Gemalto at $5.42 Billion
- UBSG SW : UBS to Talk About Next CEO When Time Comes, Weber Tells NZZ
- UNA NA : Unilever to Sell Spreads Business to KKR for EU6.83b
- VWS DC : Vesta Gains as Industrial Property Deal Outweighs Nafta Risks
- ZC FP : *EU ANTITRUST IS SAID SET TO APPROVE ZODIAC/SAFRAN DEAL: REUTERS