Asian equity markets opened higher (Japan closed) taking its cue from a strong US session Friday. Hong Kong Hang Seng tested levels not seen since Dec 2007. The PBOC injected CNY300B in OMO, the most since January. Both the Kospi and the won failed to react to North Korea activity and rhetoric. Trump spoke with S. Korea President Moon over the weekend and a US aircraft carrier is expected in South Korea in October. China released its August property price data, showing a modest slowdown, property names in China and Hong Kong took some strength on the news. Markets to remain focused on Fed meeting later this week and Bank of Japan. China economic growth may slow down in Q4, sees 2017 GDP at 6.8%.
Nikkei Closed Hang Seng +1.02% CSI +0.42% Shanghai +0.25% Shenzen +0.56%
Eur$ 1.1942 CNH 6.5482 CNY 6.5490 JPY 111.16 GBP 1.3584 RUB 57.6683 CHF 0.9603 WTI$ 50.51 +0.14%
S&P +0.27% EuroStoxx Dax SMI FTSE
Macro :
- Ireland Sees Considerable Difficulties for Digital Tax: Donohue
- EU to Study Brexit Impact on Financial Transaction Tax Proposal
- France Mulling Tax on Trucks, Transport Minister Tells JDD
- ECB’s Praet (Belgium): euro zone still needs substantial stimulus to get back to the near 2% inflation target; will also respond if inflation were to get too high - press interview
- Brexit May Make Clearing Relocation to EU Necessary:Thiele in HB
Keep an eye on :
- AB1 GY : Air Berlin Pilots Threatening Company With Sick Reports: Focus
- MT NA : Tata Steel, ArcelorMittal May Bid for Bhushan Steel Assets: BTVI
- T US : Reportedly considering divestiture of $8B of assets in Latin America - press - Several telecom firms are said to be interest in the assets, including Liberty Global PLC, Telefonica SA, and Millicom International Cellular SA
- ADJ GY : ADO Properties Buys EU262.5m in Berlin Assets
- BMW GY : BMW Warns of Hard Brexit Risks on Tariff Concerns: Sunday Times
- CAPIO SS : Buy Capio Shares, Valuation is Low, Dagens Industri Says
- DB1GY : Deutsche Boerse Is Said to Prepare CEO Compensation Changes: HB
- FCC SM : FCC of Spain Wins Waste Contract for City of Bilbao: Expansion
- GAS SM : Gas Natural Close to Sale of EU1B of Italian Assets: Sole
- IMG LN : Imagination Technologies bid from China attracts UK government involvement
- NESN VX : Henkell Allies With Ferrers to Control Freixenet: El Economista
- NDA SS : Nordea Cuts International Stocks Trading Fees, Borsen Reports
- NOVN VX : ThromboGenics to Regain Global Rights to Jetrea From Alcon
- OA US : Northrop Is Said to Buy Orbital ATK in Deal Worth >$7.5B: WSJ
- PSM GY : ProSieben Says Promise of Paying Dividend Holds: Euro am Sonntag
- RYA LN : Ryanair to Cancel 40-50 Daily Flights to Improve Punctuality
- SIE GY : Siemens Halted Supplies to Ukraine on Russia Pressure: Naftogaz
- SGRE SM : Siemens Gamesa Wins China Order for 300MW
- SNAP US : Snap Says It Blocked Al Jazeera Channel in Saudi Arabia: WSJ
- SREN VX : Swiss Re CEO Sees Consolidation Pressure in Reinsurance: HB
- TIT IM : Telecom Italia May Consider Splitting Itself in Two: Sole 24 Ore
- THR BB : ThromboGenics to Regain Global Rights to Jetrea From Alcon
- HO FP : Leonardo, Thales May Partner With Fincantieri, STX: Il Sole
- VIV FP : Spotify Is Said to Have Rejected Tencent Approach: TechCrunch
- VIV FP : Vivendi Is Said to Acknowledge Influence at Telecom Italia
- VIV FP : Italy’s Calenda Hints at State Intervention in Tim-Vivendi: Ansa