Asian stocks built on their January rally as investors demonstrated continued confidence that trade tensions ultimately will subside and policy makers will refrain from growth-damaging monetary tightening.
Shares in Tokyo, Hong Kong and Sydney climbed after the S&P 500 Index hit its highest since early December on Friday. Spurring the gains was optimism around the next round of U.S.-China trade talks at month-end and data from China that alleviated concerns of a continued deterioration in China’s slowing economy. Not all was sunny on Monday, however, with S&P 500 futures dipping and the yen strengthening after Bloomberg reported that the two sides are making little progress on the key issue of intellectual property protection. U.S. markets are closed Monday.
Nikkei +0.26% Hang Seng +0.17% CSI +0.30% Shanghai +0.33% Shenzen +0,35%
Eur$ 1.1377 CNY 6.7893 CNH 6.7982 JPY 109.56 GBP 1.2870 CHF 0.9954 TRY 5.3375 RUB 66.3123 WTI$ 54.01
S&P -0.25% EuroStoxx -0.25% FTSE -0.07% DAX -0.14%
Macro :
- U.S.-China Trade Talks Falling Short on Make-Or-Break IP Issues
- Palladium Is Now More Valuable Than Gold - Barron's : http://bit.ly/2Dmg7Tu
- Central Banks Struggle With Policy Settings, ECB outlook reflects a global shift in central banking - WSJ : https://on.wsj.com/2RF0WO7
- Here's How Europe's Nationalist Parties View The EU - Zero Hedge - http://bit.ly/2QZYdJD
- Luxury Headwinds Increase, Be Selective, Citi Says; Prada Raised
Keep an eye on :
- AC FP : Accor has 33.1%, EUR 337m additional stake in Orbis - preliminary results
- ADP FP : ADP bid interest confirmed by Vinci CEO, Ardian raises new EUR 6bn fund
- AZA IM : Air France-KLM and Delta could buy joint 40% stake in Alitalia - Il Sole 24
- ALO FP : EU Regulators to Block Siemens/Alstom Rail Deal, Reuters Says
- ALO FP : Chinese competition no ‘excuse’ for Siemens-Alstom rail tie-up - FT - https://on.ft.com/2RW7kQl
- BA/ LN : Battered British Defense Stock Will Mount New Charge - Barron's : http://bit.ly/2Dl4GLL
- BMW GY : *DAIMLER, BMW MULL EXTENSIVE ALLIANCES: HANDELSBLATT
- BNP FP : BNP Paribas Will Not Get Fund Admin Business From DWS: HB
- CRG IM : Banca Carige Asks for State Guarantee on Bonds Up to EU2b
- BMPS IM : Italy Mulls M&A Options for Monte dei Paschi, Carige: Reuters
- BRK/A US : Berkshire Unit Denies Report on Lithium Extraction Deal: Reuters
- EN FP : Bouygues Telecom Acquires 43.6% Stake in Keyyo
- CO FP : Casino to Sell Properties Worth EU501M to Fortress
- CGG FP : CGG to Carry Out New Survey in Unexplored Deepwater Off Gabon
- DAI GY : LG Is Said to Supply Gesture-Reading System for Mercedes-Benz
- DBK GY : A Truly Terrible Idea for Deutsche Bank: Ferdinando Giugliano
- DBK GY : Deutsche Bank Hires Credit Suisse’s Tan for Asia-Pacific Wealth
- DTE GY : T-Mobile US Says Ulf Ewaldsson SVP to Lead 5G Evolution Strategy
- EDF FP : Europe’s new-generation nuclear plants stagger over the start line - http://bit.ly/2MjHIaI
- FB US : F.T.C. Is Said to Be Considering Large Facebook Fines - NYT - https://nyti.ms/2FPc43T
- EUCAR FP : Europcar Appoints Blanco as Low-Cost Unit’s Dep. General Manager
- HMV LN : HMV bidders believed to include Elliott Advisors; Sunrise Records tipped to bid for shops
- HOME SM : Neinor Confirms It Will Meet 2018 Targets: Filing
- IFF US : International Flavors Plans More Acquisitions, CEO Says: Globes
- ILD FP : Iliad: Acquires Stake in Jaguar Network for Close to EU100M
- ITV LN : *ITV SEEKS TO RAISE GBP150M FROM SALE OF HEADQUARTERS: FT
- KBC BB : KBC to Call Added Tier-1 Securities of EU1.4b Issued in 2014
- KINVB SS : Kinnevik’s Stenbeck to Remain Active Owner, Dagens Industri Says
- MC FP : Luxury Headwinds Increase, Be Selective, Citi Says; Prada Raised
- MC FP : LVMH Said Eyeing Stake in New Guards Group, The fashion group includes Virgil Abloh's Off-White label.
- RAKP NO : RAK Petroleum to Buy Back Up to $15M in Shares Via SpareBank 1
- RNO FP : Paris tells Tokyo it wants Renault-Nissan integration - French side seeks to name Japanese automaker's next chairman - Nikkei - https://s.nikkei.com/2FLEvj0
- RNO FP : Nissan Committee Blames Ethical Issue, Power Concentration
- RNO FP : Nissan CEO Says Not Ready to Discuss Revision of Renault Tie-Up
- RR/ LN : *ROLLS-ROYCE IN TALKS TO SUPPLY CGN NUCLEAR PLANT IN ESSEX: FT
- STAN LN : *TEMASEK FLOATED TAKING STANCHART BOARD SEAT LAST YEAR: FT
- RIO LN : Rio Can Add $4.4 Billion More to Shareholder Returns, UBS Says
- 700 HK : With a Billion Users, Tencent Faces Middle Age. That’s a Worry for the Stock. - Barron's - http://bit.ly/2FDhmQC
- TSLA US : Tesla Plans to Raise Supercharger Prices, Electrek Reports- TIT IM : Tel. Italia Says Results Reflect Mgmt Chosen by Vivendi
- VOD LN : EU Seeks Further Info in Review of Vodafone/Liberty Global Deal
- WIE AV : Wienerberger to Raise Payout by 70% as Results on Upper End