Asian equity markets have opened generally higher. The Nikkei 225 opened up by over 1.1%, as Japan PM Abe’s ruling coalition won a supermajority in the lower house, following Sunday’s elections. Overall, the LDP/Komeito coalition won at least 312 seats, up from 290 prior. Automakers, Honda and Nissan have rebounded from the declines seen on Friday’s session. At the same time, the ‘mega-banks’ in Japan are also all trading higher by over 0.7% following the election results. China Life has risen by over 3%, after reporting an over 90% increase in its 9-month profits, which it said was mostly driven by higher investment returns. Japanese tech firms are trading generally higher. Softbank has gained over 1%. Shares of Canon Inc are also trading higher ahead of its later today earnings report. Taiwan Semi has gained over 0.7%. The company is said to have received an exclusive chip order from Apple, according to a press report. Mediatek has also gained amid press speculation related to a chip order from Alibaba.
In the US, there is press speculation that Cisco is near an agreement to acquire Broadsoft Inc, while in the lumber space Potlatch is said to be close to acquiring Deltic Timber in an all-stock deal.
Nikkei +1.16% Hang Seng -0.64% CSI +0.08% Shanghai +0.12% Shenzen +0.43%
Eur$ 1.1772 CNH 6.6308 CNY 6.6291 JPY 113.69 GBP 1.3202 CHF 0.9836 RUB 57.4450 WTI$ 52.05 +0.41%
S&P -0.01% EuroStoxx +0.11% Dax +0.07% FTSE +0.05% SMI +0.16%
Macro :
- Abe Placed to Lead Japan Through 2021 After Big Election Victory
- Saudi Minister to Discuss Oil Output Cut Extension With Iraq
- Yellen Is Said to Be Back at White House, Person Familiar Says
- Watch Out Vol Sellers, Those Tails Are Getting Fatter: Macro Man
- Italy’s Rich Lombardy, Veneto Regions Hold Autonomy Votes
- France Determined to Tax Internet Giants, Le Maire Tells Figaro
What to look at today :
- ABE SM : Abertis sale of Hispasat to REE in final stages
- ACS SM : ACS to Issue Negotiable Commercial Paper of Up to EU300m
- AF FP : Air France-KLM Says KLM Pension Agreements to Cost EU505m
- AAPL US : Apple, Foxconn Executives Are Said to Meet Later in Oct.: Nikkei
- BSLN SW : Basilea Gets First Milestone Payment from Astellas of CHF5m
- BAYN GY : France Asks Regulator to Study New Data on Dow Insecticides
- BMPS IM : Monte Dei Paschi Return to Stock Market Is Said Delayed: Reuters
- BMW GY : BMW Upset VW, Daimler Hid Contacts With EU on Talks: FAS
- BNN GY : Biotech Co. Brain Reaffirms Profitability Goal: Welt am Sonntag
- BT/ LN : BT May Ramp Up Operations Revamp After McKinsey Report: S. Times
- ALCLS US : Cellectis Rallies; Nomura Highlights Co. Meetings With Investors
- CSGN VX : Activist investor RBR Capital Advisors is to commence talking to other shareholders Tagesanzeiger
- CSCO US : Cisco Is Said to Be Near Deal for Software Maker Broadsoft
- EN+ IPO : Qatar Sovereign Fund Is Said to Mull Buying Stake in En+: FT
- 486 HK : EN+ IPO : *LAW DEBENTURE CORP NAMES TIM INTERIM CEO
- FDR FP : Fonciere Des Regions to Buy 38.6% of Fonciere Dev Logements
- FORTUM FH : Fortum Hires Barclays to Sell India Solar Assets Stake: Mint
- GKN LN : GKN Eyes Plan to Split Aerospace, Automotive Ops: Sunday Times
- HEN3 GY : Henkel Seeks More U.S. Acquisitions: CEO to Welt am Sonntag
- HOT GY : Hochtief Sees EU1b in Dividend Payments From Abertis: Expansion
- ICADE FP : ICADE Nine Month Revenue EU1.15 Bln
- IFX GY : Infineon Seeks to Become Top Car-Chip Supplier: Automobilwoche
- ILD FP : France’s Niel Says Iliad Won’t Seek Sporting Rights: JDD
- LBK SM : Liberbank Completes Bank Syndicate for Cap. Increase: Expansion
- IAM FP : Maroc Telecom 9-Month Revenues 26.02b Dirhams, Down 2.5% Y/y
- NOVN VX : Novartis Treatment Granted Orphan Drug Status by FDA
- OBEL BB : Orange Belgium Third Quarter Service Rev. 2.6% Above Estimates
- PLT IM : Parmalat Willing to Negotiate With Citi on Claim: Corriere
- P1Z GY : Patrizia Seeks More Acquisitions, CFO Tells Boersen-Zeitung
- PHIA NA : Philips Third Quarter Revenue Misses Lowest Estimate
- QIWI US : Qiwi: Otkritie Holding buys further shares; possibly part of plan to increase stake to 45%-55%
- RYA LN : Ryanair Will Continue to Engage With London Stansted ERC
- RYA LN : Ryanair Pilots Outline Proposal to Double Airline’s Pay Offer
- SECUB SS : Securitas Moves Up 3Q Results After Reports Stolen From Manager
- SECUB SS : Securitas Third Quarter Net Sales Meets Estimates, 3Q Showed ‘Strong Market Momentum’ Throughout Group
- SPI LN : *SPIRE REJECTS 298.6P/SHR CONDITIONAL PROPOSAL FROM MEDICLINIC
- SSPG LN : SSP a Rare Growth Story in European Leisure, Raised at Barclays
- SYNN VX : Syngenta Granted Exemption From Listing Maintenance Obligations
- TOM NO : Tomra Third Quarter Revenue Misses Lowest Estimate
- TSM US : TSMC Gets A12 Chip Exclusive Orders From Apple: Eco Daily
- TSLA US : Tesla Is Said to Reach Deal to Set up Facility in Shanghai: WSJ
- TIT IM : Telecom Italia Board Approves Canal Plus Media Venture
- UBER IPO : Uber-SoftBank Deal Is Said to Be Threatened Over Terms: FT
- UMI BB : Umicore Sells Large-Area Coatings Activity, Takes EU14m Charge
- VOW3 GY : Audi To Recall 200k Cars, SUVs on Wire Melting Risk: NHTSA