China Vice Fin Min Zhu Guangyao: China hopes there will not be a trade war with the US, which would harm not only the interests of the world's two biggest economies, but that of the whole world. Japan cabinet official sees govt raising FY17/18 GDP to 1.5% from 1.2% July forecast
Japan trade data were mixed. While trade surplus missed expectations, exports and imports declines were smaller than expected at -0.4% v -2.3%e and -8.8% v -12.1%e respectively. Shipments to Asia and China rose mid-single digits, and exports to US and Europe fell low single-digits.- China property prices saw m/m increases in 55 out of 70 cities, down from 62 prior, as sequential price increases also slowed from 1.2% to 0.4%. In Beijing, home prices were flat m/m - the first time there was no increase in nearly 2 years. Separately in China, PBoC set Yuan midpoint slightly firmer - the first strengthening of the fix since Dec 12th. US-China political tensions were also further tested as Chinese naval vessel seized a US underwater reconnaissance drone off the coast of Philippines. China has since promised to release the drone, and accused the US side of "hyping up" the seizure.
Nikkei -0.05% Hang Seng -0.71% CSI -0.46% Shangai -0.15%
Eur$ 1.0479 CNH 6.9398 CNY 6.9439 JPY 117.11 GBP 1.2491 RUB 61.9084 CHF 1.0241 WTI$ 53.27+0.60%
S&P +0.22% EuroStoxx +0.25% Dax +0.23% SMI +0.12% FTSE +0.52%
Macro :
- Oil Service Stocks Have About 20% Upside on 4Q17 Oil View: RBC
- Saudi Re-Evaluates U.S. Investments After Trump Election: WSJ
- Whitney Tilson Says He’s ‘Highly Skeptical of This Trump Rally’
- Merkel Aide Warns Against Taxpayer Rescue of Monte Paschi: WAZ
- A $55 Billion Manager Who Bought at Market Low Returns to Cash
Keep an eye on :
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- AIR FP : A380 Planes Aren’t Part of Iran’s Airbus Deal: Iran Air CEO
- AB1 GY : Air Berlin Says Lufthansa’s Winkelmann to Replace Pichler as CEO
- AAPL US : Apple Appeals EU Commission Decision on Irish Tax Payments: Welt
- BATS LN : British American Tobacco thinking about increasing offer for Reynolds American by USD 8 per share - The Times - http://bit.ly/2gZPES1
- BBVA SM : BBVA to Cut About 60 Jobs With Branch Closures in Spain
- BMPS IM : Monte Paschi to Hold Share Sale From Dec. 19 Through Dec. 22
- BMPS IM : Poste Could Take Part in Monte Paschi Recap: Repubblica
- BP/ LN : BP takes $2.4bn stake in Abu Dhabi oilfields, BP refocuses on renewal after shedding assets to cover Deepwater Horizon liabilities - FT
- IAG LN : British Airways Cabin Crew to Strike Christmas, Boxing Day: PA
- BMSA GY : Braas Monier Relents to $1.1 Billion Deal by Standard Industries
- CARLB DC : Carlsberg: Too Early for Improvement in Russia, Berlingske Says
- DAI GY : Daimler Expects Diesel Cars to Remain Popular in Europe: BamS
- BN FP : Danone Sees 2016 Sales Growth ‘Slightly’ Below Target
- DBK GY : Deutsche Bank to Settle U.S. Probe in Coming Weeks: Sunday Times
- EDF FP : Edison has Italmobiliare teaming together with F2i in bid for 20-25% stake
- EDF FP : RWE, EDF May Absorb Losses to Capture Emerging Battery Market
- ENEL IM : Enel Open Fiber, Metroweb to Merge This Week: Sole
- EDPR PL : EDP Renovaveis Says Alves Resigns From Executive Committee
- ENGI FP : Engie Regulated Gas Prices in France to Rise in January: AFP
- EKT SM : Euskaltel, Telecable Explore Merger: Expansion
- LAD LN : William Hill, Ladbrokes Interested in Tatts Wagering: Australian
- LEON SW : Leonteq to Review 2016 Dividend Policy After Profit Slumps 75%
- LIN GY : Praxair, Linde Said Close to Finalizing Merger Terms: Reuters
- LLOY LN : U.K. Treasury Said to Seek Sale of Lloyds Stake in 1Q ’17: FT
- MC FP : Rapha denies bid approaches; LVMH private equity unit mulling bid
- MS IM : Mediaset Says There Are No Ongoing Negotiations With Vivendi
- OMV AV : Borealis shareholder OMV signals interest in raising stake
- RNO FP : Nissan Seeks to Build Electric Car, Cut Prices by 20%: Nikkei
- PUB FP : Publicis Unit Receives DOJ Subpoena on Video Market Practices
- RWE GY : RWE, EDF May Absorb Losses to Capture Emerging Battery Market
- SPW LN : Scottish Power Calls on U.K. to Change Subsidy Policy: Telegraph
- TIT IM : Telecom Italia to Start Production of Broadband Premium Content
- TITI IM : Telecom Italia Says Report on Dividend Return ‘Groundless’
- UBI IM : UBI’s Boards to Meet This Week on ‘Good Banks’ Purchase: Sole
- UMI BB : BASF Wins Order Banning U.S. Imports Umicore Battery Materials
- VOD LN : Vodafone Said to Eye Role in Traffic Control for Drones: FT
- VOW3 GY : VW Said to Agree to $200m Payment for Emissions Offset: Reuters
- VOW3 GY : Volkswagen Said to Add $1b in Costs to Settle Diesel Case: WSJ
- VIV FP : Vivendi Seeks ‘Industrial’ Partnership With Mediaset: Corriere
- VIV FP : Mediaset owner may ask for Vivendi stake to be frozen - Il Messagero