Asian stocks saw modest gains as investors continued to bid up prices after seven weekly advances. A regional benchmark hit the highest level since 2018.
Oil saw the most dramatic moves on a Monday that may be otherwise subdued by a U.S. holiday. Crude rose following supply disruptions in Libya and Iraq. Equities advanced in Tokyo, Seoul, Shanghai and Sydney, while Hong Kong saw declines. Despite stock gauges hitting record highs in the U.S. and Europe, the MSCI Asia Pacific Index remains more than 7% from its peak, still nursing wounds from the trade war and China’s slowdown. The offshore yuan extended recent gains, rising to the strongest since July.
Nikkei +0.18% Hang Seng -0.68% CSI +0.59% Shanghai +0.52 Shenzen +1.23%
Eur$ 1.1100 CNH +6.8521 CNY 6.8488 JPY 110.18 GBP 1.2992 CHF 0.9684 RUB 61.5012 TRY 5.8960 WTI$ 59.16 +1.06%
S&P +0.05% EuroStoxx +0.16% Dax +0.15% SMI
Macro
- China Auto Sales in 2020 Expected to Be Around 25m Units: MIIT
- U.K. Economy Won’t Stay Close to EU After Brexit, Javid Says
- Trump’s China Deal Is His Hedge Against Impeachment Damage
- Morgan Stanley Says Buy Credit Volatility, Sell Stock Equivalent
Keep an eye on :
- AIR FP : Airbus Offers Airlines a Way to Guard Against Falling Fares
- AIR FP : Citigroup May Join Airbus Derivatives-Trading Venture: FN
- ASC LN : Asos Consensus Too High, Downgraded at Morgan Stanley
- AZN LN : AstraZeneca Granted FDA Orphan Drug Status for Tremelimumab
- AZN LN : AstraZeneca to Invest $500 Million in France Over 5 Years
- BNP FP : BNP Paribas CEO Doesn’t See European Banking Consolidation: JDD
- BNP FP : JPMorgan to Expand in Paris, Buy City Center Office Building
- CPI LN : Capita Targets £200M Sale of ‘Specialist Services’: Telegraph
- CBK GY : Pekao, Apollo Are Said to Bid for Commerzbank’s Polish Unit
- CRA1V FH : Cramo Shareholders to Accept Raised Boels Bid: Handelsbanken
- CSGN SW : Credit Suisse Calls Time on Luxury U.K. Country House Loan
- CSGN SW : Swiss Prosecutor Asked for Information on Credit Suisse CEO: SZ
- DBK GY : Deutsche Bank Cuts Investment Bank Bonuses About 30% in Overhaul
- DIC GY : DIC Asset 2019 Dividend Meets Estimates, FY Ebit Rises
- DIS US : U.S. Movie Ticket Sales Slide 4.6% in 2019, Variety Reports
- ERICB SS : Ericsson’s options are implying a one-day move of 7.0% after the company’s results due Jan. 24, compared with an average gain or drop of 8.4% following the last eight quarterly releases
- GLEN LN : Glencore May Cut 665 Jobs at South African Smelter, BD Says
- HIDDN NO : Hiddn Offering Prices 41.7m Shares at NOK1.20/Share
- HSBA LN : HSBC Set to Close More U.K. Branches in Cost Cutting Move: Times
- ILD FP : Iliad Launches EU1.4b Capital Increase to Finance Buyback
- INRN SW : Interroll Full Year Sales Miss Lowest Estimate
- INTU LN : Intu Wants to Launch GBP1 Billion Rights Issue: Times
- ITV LN : Former ITV Boss Crozier May Become Next Kantar Chairman:
- KER FP : Prada +6% in HK after Friday's article in WWD on potential interest from Kering
- LHA GY : Lufthansa Faces Further Strikes by German Cabin Union: Reuters
- MRK GY : Merck KGaA to Focus on Debt Reduction, CEO Tells Handelsblatt
- PRS NO : Prosafe 4Q Vessel Utilization 23%; Books $6M Non-Recurring Costs
- QIA GY : *QIAGEN GAINS AFTER CTFN SAYS TALKING TO AN INTERESTED PARTY
- SAN FP : Sanofi Says Waiting Period for Synthorx Purchase Has Expired
- VIV FP : Spotify in Early Talks to Buy Podcast Provider The Ringer: DJ
- VOW GY : Guoxuan High-Tech Says in Talks with VW; No Binding Agreement
- WPP LN : Adam Crozier in Talks to Become Chairman of Kantar: Sky News