Asian equities traded above their record closing high as signs of easing trade frictions helped boost sentiment after recent volatility tied to concerns about US regional banks. MSCI’s regional stock gauge jumped 1.7% and futures indicated gains in the US and Europe. Japanese shares rallied almost 3% and the yen pared its declines on expectations the pro-stimulus Sanae Takaichi will be elected as Japan’s next prime minister. Chinese equities gained as investors looked past data that showed economic growth slowed to the weakest pace in a year. In other corners of the market, Treasuries edged lower across the curve with the yield on the 10-year rising one basis point to 4.01%. A gauge of the dollar was flat, while oil dipped after posting a third weekly decline. Market sentiment improved as President Donald Trump sought to ease trade tensions with China after markets were rattled on Friday by US bank-credit woes. A new round of US-China trade talks is set for this week with Treasury Secretary Scott Bessent and Vice Premier He Lifeng facing the task of negotiating down new escalatory measures. When asked by Fox News on Sunday about his threat to raise the tariff on Chinese goods by 100%, Trump said the levy was “not sustainable,” though “it could stand.” The US will “be fine” with China, he added. Bessent also had a “frank and detailed” discussion with He and reaffirmed plans to meet in-person next week. Those comments came as Trump expressed optimism that talks with Chinese officials may yield an agreement to defuse the crisis that saw the US leader threaten to drastically hike tariffs. Ning Zhang of UBS Investment Bank shares his views on China’s third quarter GDP data. He tells Bloomberg Television that China’s growth is slowing down “but with huge divergence.” The remarks signaled an effort by Washington to calm fears of a full-blown trade war with China that could have a seismic effect on the global economy. From the delayed US inflation report for September, to a high-level party meeting in China and a busy week of earnings — including Netflix Inc. and Tesla Inc. — it’s a packed week for investors. September’s consumer price index, originally set for Oct. 15, will now come on Friday. In China, political leaders will begin gathering in Beijing for a four-day meeting, known as its Fourth Plenum, with traders watching for fresh measures to extend China’s strongest equity rally in eight years and shore up the yuan. While a detailed plan will only be released in March next year, investors will scrutinize the post-meeting readout for any policy signals ahead of the possible meeting between Chinese President Xi Jinping and Trump. Elsewhere, French bond futures dropped after S&P Global Ratings downgraded France to A+ from AA-, saying the country’s budget uncertainty was “elevated.” France has now lost its double-A rating at two of the three major credit assessors in little more than a month, potentially forcing some funds with ultra-strict investment criteria to sell the country’s bonds. In geopolitical news, Israel launched strikes against Hamas in Gaza and reportedly suspended all aid shipments on Sunday after blaming Hamas for a lethal Palestinian ambush that left two soldiers dead.
Nikkei +3.02% Hang Seng +2.26% CSI +0.44% Shanghai +0.43% Shenzen +0.66%
Eur$ 1.1667 CNH 7.1250 CNY 7.1245 JPY 150.68 GBP 1.3438 CHF 0.7931 RUB 81.2299 TRY 41.9557 WTI$ 57.30-0.42% Gold 4,263 +0.28% BTC 110,069 +0.28% ETH 4,031 +0.68%
S&P +0.41% Nasdaq +0.53% EuroStoxx +0.82% FTSE +0.41% Dax +0.77% SMI +0.42%
Macro :
- China Says Growth Target in Reach Despite Rare Investment Drop
- UK Closes in on Drug Pricing Deal With White House: FT
- UK Closes in on Drug Pricing Deal With White House: FT
- Oil Risks Drop To $50 on Russia-Ukraine De-escalation, Citi Says
- France Downgraded to A+ by S&P, Outlook Stable, France Gets Debt Alert as S&P Downgrades in Unscheduled Move
- Trump Extends Auto Tariff Relief, Imposes Truck and Bus Duties
- Can Gold Keep Rising? Depends if You Think This Time Is Different - WSJ
- Pakistan, Afghanistan Agree to Immediate Ceasefire in Doha Talks
- Apollo Global chief says Europe ‘at war with itself’ over finance regulation - FT
- Palmer Luckey says Anduril has an internal 'China 27' strategy to prepare for a war over Taiwan
Keep an eye on :
- AF FP : Air France to Resume Flights to Madagascar Saturday: AFP
Keep an eye on :
- AF FP : Air France to Resume Flights to Madagascar Saturday: AFP
- AIRT US : Nasdaq-listed air operator Air T to buy Rex
- AMD US : Nvidia, Broadcom and AMD Face New Risks From OpenAI Deals - The Information
- AAPL US : Apple announces F1 races are coming exclusively to Apple TV in the US - 9to5
- AAPL US : Apple’s New iPhone Outsells Previous Model by 14% in US, China
- ARYN SW : Aryzta 3Q Revenue EU554.3M
- ASML NA : Meet AMIES, China’s new hope in breaking reliance on ASML’s chipmaking machines - SCMP
- AZN LN ; Amgen, AstraZeneca Get FDA Approval for Tezspire to treat CRSwNP
- AZN LN : Daiichi, Astra’s Breast Cancer Drug Improves Survival in Trial - FT
- BYW6 GY : BayWa Says Its Negotiating With New Investor to Acquire Cefetra
- BA US : IAM 837, Boeing Agree to Resume Mediation on Monday
- BA US : Federal Aviation Administration Says Boeing Can Hike Monthly Production Of 737 Max To 42 Planes Per Month Up From 38
- CCO US : Mubadala Capital Is Said to Explore Buying Clear Channel Outdoor
- COO US : Activist Jana Takes Stake in Cooper, a Maker of Medical Devices - WSJ
- CVC NA : CVC-Backed FineToday Cancels Tokyo IPO Citing Market Conditions
- BN FP : Danone CEO Says Global Food Industry Is at ‘Tipping Point’: FT
- EDP PL : ERSE Proposes 1% Boost in 2026 Tariffs for Low Electricity Users
- EQT SS : EQT-Backed Biotech Evommune Seeks $159 Million in US IPO
- FRVIA FP : Forvia 3Q Sales Beat Estimates
- GMAB DC : Genmab’s Rina-S Shows 50% Orr in Study Follow-Up of 1 Year
- GILD US : Gilead’s Trodelvy Shows Success in Phase 3 Breast Cancer Trial
- GIVN SW : Givaudan: Q3 beat driven by Fine Fragrance
- RMS FP : How a Handyman’s Wife Helped an Hermès Heir Discover He’d Lost $15 Billion - WSJ
- RMS FP : At Hermès, a New Menswear Designer May Not Bring Much Disruption - WWD
- HOLN SW ; Holcim to buy Xella, Transaction Value of €1.85 Billion
- HOLX US ; Blackstone, TPG Are Said to Near Deal to Acquire Hologic
- KER FP : Gucci Owner Kering Nears $4 Billion Sale of Beauty Unit to L’Oréal, Deal would be an early move by new Kering CEO Luca de Meo to revive luxury giant’s fortunes - WSJ
- LSEG LN : UK Chancellor Considering ISA Share Ownership Overhaul, FT Says
- LHA GY : Reportedly considering cutting 100 domestic flights per week in summer 2026 - German press
- MC FP : L’Oréal bid for Kering Beauty puts LVMH in pole position for Armani - Miss Tweed
- MANU US : Eric Cantona asked to front Manchester United takeover bid by UAE consortium
- META US : WhatsApp changes its terms to bar general purpose chatbots from its platform - TechCrunch
- MNG LN : Royal London, M&G to Enter Europe’s Active ETF Market: FT
- MOWI NO : Mowi’s Purchase of Nova Sea Approved by EU Commission
- NKTR US : Nektar Therapeutics, the US biopharmaceutical company, is at the centre of takeover rumours. - Betaville
- NVDA US : Nvidia, TSMC Unveil First Blackwell Wafer Produced in the US
- NOVOB DC : Novo’s Rybelsus Approved by FDA to Reduce Cardiovascular Risk - details
- OR FP : Kering and L’Oréal Say They Are Entering Strategic Partnership
- PFE US : Pfizer Treatment Shows Survival Benefit in Lung Cancer Trial
- P911 GY : Porsche’s New CEO Is a Luxury Leader With a Knack for Hybrids
- Revolut IPO : Revolut, Backers Near End of $3 Billion Fundraising Spree
- ROG SW : Roche’s Gazyva/Gazyvaro Gets FDA Approval for Lupus Nephritis
- SZG GY : Salzgitter Profit May Rebound as One-Time Costs Fade: 3Q Preview
- SAN FP : Sanofi Influenza Vaccine Shows High Protection for Older Adults
- SOBI SS : Sobi Prelim 3Q Revenue Matches Estimates; Raises Outlook
- TKMS GY : Thyssenkrupp floats submarine business as defence stocks surge - FT
- VWS DC : Vestas Shelves Plan To Open Its Biggest Polish Plant In 2026: FT
- xAI IPO : CEO Musk: My estimate of the probability of Grok 5 achieving AGI is now at 10% and rising