Asian equity markets trading mixed to start the week, with Australia dragged down by disappointing earnings from Brambles and WorleyParsons, while Shanghai Composite is faring better despite the rising geopolitical risks. Overall trading sentiment is somewhat muted by the US holiday on Monday, as investor also await this week's FOMC policy minutes for further hints of just how close the Fed is to another policy tightening. Ahead of that release, Fed's Mester (hawkish, non-voter) stated she sees the US economy on solid footing, but also added it will take some time to for Fed to shed MBS from its balance sheet. Japan trade balance was the most notable event with a much wider deficit than anticipated. Exports growth was slower than expected at 1.3% v 5.0%e, while imports growth of 8.5% v 4.8%e marked the first monthly rise in 2 years.
Nikkei +0.09% Hang Seng +0.55% CSI +1.23% Shanghai +0.90%
Eur$ 1.0606 CNH 6.8510 CNY 6.8726 JPY 113.20 GBP 1.2424 CHF 1.0038 RUB 58.2790
S&P +0.24% EuroStoxx+0.70% Dax +0.75% FTSE +0.40% SMI +0.55%
Macro :
- RUSSIA OUTLOOK TO STABLE FROM NEGATIVE BY MOODY'S
- EU Antitrust Agencies Working on Online Hotel Booking Report
- German Green Party Adapts Election Campaign to Schulz: Spiegel
- Italy’s Renzi Quits as Party Leader, Triggers Re-Election Fight
- Stock Manager of $37 Billion Doesn’t Believe the Earnings Hype
- Trump Administration Considers Change in Calculating U.S. Trade Deficit, Tweak in counting exports could bolster president’s case for redoing Nafta, other trade deals - WSJ
- U.S. Investors Seen Returning to European Stocks in May: Degroof
Keep an eye on :
- AEVS SW : Aevis Offer Values LifeWatch Shares in Range CHF12.40-CHF13.60
- AMZN US : Capital One Up; Amazon Said to Ponder Deal: Banking Technology
- ARAMCO IPO : JPMorgan, Morgan Stanley Said Poised for Roles in Aramco IPO: FT
- BSLN SW : Basilea Reduces FY Net Loss, Sees Product Sales Doubling in 2017
- BAYN GY : Bayer to Sell Remaining Covestro Stake This Year: FAS
- BDT GY : Bertrandt 1Q Operating Profit Drops 27%, Revenue Rises 1.1%
- BMW GY : BMW Faces Strike Threat at U.K. Mini, Rolls-Royce: Telegraph
- BOKA NA : Boskalis Reports EU840 Mln Non-Cash Impairment Charge FY 2016
- CARLB DC : Carlsberg Boosts Jacobsen Specialty Brand Capacity: Berlingske
- 1COV GY : Bayer to Sell Remaining Covestro Stake This Year: FAS
- 1COV GY : Covestro 4Q Adj. Ebitda Rises 22.7%, Sees Low 2017 Core Growth
- CCI US : Crown Castle Falls Amid Reports of Possible T-Mobile/Sprint Deal
- ERICB SS : Ericsson Chairman to Remain on Board After AGM, SVD Reports
- FCX US : Icahn is Concerned About Freeport-Indonesia Situation: Adkerson
- G IM : Generali open to industrial collaboration with Intesa Sanpaolo
- GM US : GM Plans to Deploy Self-Driving Cars With Lyft in 2018: Reuters
- HBH GY : Hornbach Sees Room for Up to 25 Branches in Netherlands: Parool
- ISP IM : Assicurazioni Generali Buys 3.04% of Intesa Sanpaolo
- LIFE SW : Aevis Offer Values LifeWatch Shares in Range CHF12.40-CHF13.60
- NESN VX : CEO Schneider sees excellent M&A opportunities, in the health, foods, and beverages markets, needs to restructure its underperforming segments before it starts making acquisitions - Euro am Sonntag
- OHL SM : HNA Mulls Seeking Merger of OHL, Isolux, El Confidencial Says
- PAH US : Platform Specialty Said to Eye Split of Agriculture, Industrials
- PERF US : Perfumania Said to Explore Strategic Alternatives: Reuters
- UG FP : Pension, Restructuring in Focus in Peugeot/GME Deal: Jefferies
- UG FP : PSA CEO Seeks Meeting With U.K.’s Theresa May on GM Talks
- UG FP : PSA CEO to Meet Sapin, Sirugue Next Week on GM Talks: JDD
- POP SM : Popular Under Saracho Won’t Pay Dividend for 2017: Expansion
- PST IM : Poste CEO May Be on Shortlist to Replace Leonardo CEO: Corriere
- RBS LN : RBS Says Alternative to Williams & Glyn Sale to Be Examined
- REZT SS : Rezidor Board Recommends Shareholders to Reject HNA’s Offer
- ROG VX : Roche Says Phase II Study Supports Use of Tecentriq With Avastin
- SZZ GY : Accenture Offers to Buy Sinnerschrader for EU9.00/Share ( 13.2% premium vs friday close)
- SW FP : Sodexo to Keep Investing in Targeted Acquisitions: Investir
- TMUS US : Softbank Said to Prepare to Approach TMUS for Sprint Deal: Rtrs
- TMG NA : De Mol to Withdraw From TMG Battle If Deadlock Occurs: Telegraaf
- TMG NA : Talpa Confirms Plan to Make Offer for Telegraaf Media Groep
- UNA NA : Kraft Heinz Said Unlikely to ‘Go Hostile’ for Unilever: CNBC
- UNA NA : No Dutch Clash Likely Over Kraft Bid for Unilever, Analyst Says
- UNA NA : Kraft Likely to Sell Unilever’s HPC, Analyst Says: Street Wrap
- UNA NA : Unilever, Kraft Heinz Say Offer for Unilever Amicably Withdrawn
- UNA NA : Kraft’s Unilever Withdrawal Unlikely to Be the End, Citi Says
- VIV FP : Vivendi to Meet Italy Regulator on Mediaset Next Week: Sole
- VOW3 GY : Audi Fires Diesel Technology Engineers, Handelsblatt Says
- WBMD US : WebMD Exploring Alternatives, Analysts Mull Buyers: Street Wrap