Asian equity markets are mixed as investors continue to digest the latest bold decision by the BOJ. China official manufacturing PMI survey focusing on large state-owned firms contracted for the 6th straight month and also hit its worst level in 3 1/2 years at 49.4. New orders component contracted to 49.5 v 50.2 m/m, export orders slowed to 46.9 v 47.5 m/m, while input prices saw a modest recovery to 45.1 v 42.4 m/m. Outside of PMI's, China NDRC economist took note of the BOJ action but said Beijing would not join a global currency war, preferring to maintain a stable currency. Oil and copper were both volatile on the release, with the former also weighed down by Saudi response to rumors of an output cut. WTI -2.2%, trading below $33 @ $32.88.
Nikkei +1.98% Hang Seng -0.71% Shanghai -2.65%
Eur$1.0851 CNH 6.6044 CNY 6.5785 JPY 121.28 GBP 1.4258 CHF 1.0218 RUB$75.5871 WTI $32.88 (-2.22%)
S&P -0.09% EuroStoxx+0.92% Dax+0.79% SMI+1.35%
Macro :
- Case Sheds Light on Goldman’s Role as Lender in Short Sales - http://nyti.ms/1PqyKp0
- Italy Treasury Spokesman Denies Paschi-Poste Press Report
- Italian Banks : Veneto Banca Wants to Participate in M&A as Listed Company: CEO
- Belgium Mulls Cutting Corporate Tax Rate to 20 Percent: Tijd
- U.K. Said to Ask EU to Ease Curbs on Bermuda Tax Haven: Observer
- Six Multinationals Reveal No U.K. Corp Tax Paid in ’14: S. Times (Shell, SAB Miller, BTAS, Vodafone, AstraZeneca, Lloyds)
- Brazil Credit Package Limited by Banks’ Capital Restraint:Estado
- FT : Pension stress tests show €773bn shortfall in funding - http://on.ft.com/1TuZqXm
- Record China Factory Gauge Slump Adds to Monetary Policy Dilemma
Keep an eye on :
- ABY US : Abengoa Yield Says Some Units in Brazil Initiated Insolvency
- AF FP : Air France-KLM Fuel Bill May Fall $2B in 2016, La Tribune Says
- ALO FP : Alstom Seeks Growth by Organic Means and Acquisitions: Figaro
- MT NA : ArcelorMittal Eyes Sale of Some U.S. Long Steel Mills: Platts
- POP IM : Banco Popolare CEO Confident to Reach Deal With Pop. Milano Soon
- POP SM : Banco Popular says no chance it will be taken over; sees itself as a consolidator - Expansion
- BKIA SM : Bankia Board to Propose 2,625 Euro Cents/Shr Cash Dividend
- BMPS IM : Paschi Plans to Use State Guarantee Scheme for Bad Loans: CEO
- BMPS IM : Poste Italiane May Be Interested in Monte Paschi: la Repubblica & Italy Treasury Spokesman Denies Paschi-Poste Press Report
- BMW GY : Brilliance -6.6% in HK
- EN FP : Govt Wants Blocking Stake, Lower Price for Bouygues Telecom: JDD
- COLRB BB : Colruyt CEO Says Still Room For Expansion in Belgium: Tijd
- DLG GY : Dialog Sees More Potential Takeover Candidates: Euro am Sonntag
- EDP PL : EDP Sells EU94m of 2014 Tariff Deficit in Portugal
- ENI IM : Sk Capital Interested in Eni’s Versalis Unit: Il Sole
- RF FP : Eurazeo in Exclusive Talks With French Private Nursery Operator
- GET FP : Eurostar Services Delayed After Power Supply Issue Near Paris
- FLS DC : FLSmidth Gets O&M Contract From Egyptian Cement Producer
- FRA GY : Fraport Sees Drop Russian Travel Impacting Result: Sueddeutsche
- GAM SM : Gamesa confirms talks with Siemens are about merger of wind assets
- GAM SM : Iberdrola Hires BBVA to Advise on Gamesa Stake Sale: Expansion
- G IM : Minali, Donnet Seen as Favorites for Generali CEO Job: Il Sole
- GLEN LN : -3.5% in HK
- HOME LN : J Sainsbury’s takeover talks with Home Retail Group at impasse over price - FT
- BAER VX : Julius Baer 2015 AUM Rise 3% to Record; Dividend Plan Beats
- LUPE SS : Lundin Starts to Ramp Up Output as Oil Price Drops: 4Q Preview
- LUX IM : Luxottica 4Q Group Net Sales Miss Ests.; Khan to Leave as Co-CEO
- LUX IM : Luxottica Needs Simpler Mgmt Structure: Del Vecchio to Corriere
- NOK1V FH : Nokia Sees at Least ~EU1.3b from Arbitrations in 2016-2018
- NHY NO : Norsk Hydro Says Aardal Aluminum Plant Was Briefly Down
- RGU LN : Regus shares gain on renewed takeover speculation - FT
- RR/ LN : Rolls-Royce Said to Win $2.7b Norwegian Air Contract: Telegraph
- RYA LN : Ryanair 3Q Net Misses Est, Plans EU800m Buyback, Repeats FY View
- SFL IM : Safilo 2015 Prelim. Sales Rise 8.5% to EU1.28b
- WAF GY : Siltronic 4Q Sales, Ebitda Drop; Says Expectations for 1H Muted
- UHR VX : Swatch Sees CHF10b Sales From Super Battery in 5 Years: NZZ
- TEC FP : Technip France Head Giadrossi Has Left Co.: L’Expansion
- TWC US : Trian May Take Activist Stake in Time Warner: NY Post http://nyp.st/1QNy1Pz
- TOD IM : Tod’s Seeks to Boost Accesories, Leather Goods Business: Sole
- FP FP : Total, Other Cos. Talking to Iran About Azadegan Field: PressTV
- UBI IM : UBI CEO Says ‘No Dossier Open’ for M&A With Monte Paschi
- UCG IM : UniCredit to Use Guarantee Scheme for NPLs If Needed: Ghizzoni
- UCG IM : Unicredit receives non-binding offers from Apollo and Highbridge for its leasing division