Asian stocks began the week with gains alongside European and U.S. equity futures as traders took solace from progress toward a vaccine and signs of a recovering global economy. The dollar dipped.
South Korean equities outperformed Monday after encouraging trade data, putting the Kospi index on course for a record close. S&P 500 futures rose along with Asia-Pacific shares, while global equities remain within a whisker of the all-time high set earlier this month.
Vaccinations against Covid-19 in the U.S. will “hopefully” start in less than three weeks, according to the head of the federal government’s program to accelerate a vaccine. Japan is shut for a holiday and Treasuries won’t trade until the London open.
Nikkei -0.42% Hang Seng -0.04% CSI +1.26% Shanghai +1.09% Shenzen +0.57%
Eur$ 1.1875 CNH 6.5567 CNY 6.5659 JPY 103.76 GBP 1.3321 CHF 0.9100 RUB 76.1018 TRY 7.7249 WTI$ 42.68 +0.59%
S&P +0.57% Nasdaq +0.54% EuroStoxx +0.72% FTSE +0.35% Dax +0.69% SMI +0.59%
Macro :
- Sunak Plans Spending to Ease Enormous Strain on U.K. Economy (1)
- Biden Unlikely to Quickly Unwind China Tariffs, Democrat Says
- Germany Set to Extend Lockdown to Slow Virus Before Christmas
- Moderna CEO Says Close to Reaching Vaccine Deal With EU: Welt
- Putin Says He’s Not Ready to Recognize Biden as U.S. President
- KKR Is Said to Prepare for New European Buyout Fund
- JPMorgan Sees Possible $300 Billion Rebalancing Flow From Stocks
- RBC Says Time to Be More Selective on European Renewables Stocks
Keep an eye on :
- ACKB BB : Ackermans Still Sees Clear Improvement in 2H Results
- AKSO NO : Aker Solutions Wins Equinor Frame Agreement in Brazil
- ALV GY : German Life Insurers Get Business Boost From Covid: Tagesspiegel
- ALPHA GA : Alpha Bank Selects Davidson Kempner to Buy $12b Bad Loans: Rtrs
- AQUA NO : Aqualisbraemar Offering Prices 22.1m Shares at NOK6.10/Share
- ARGX BB : Argenx to Buy Efgartigimod Priority Review Voucher for $98m (1)
- ARYN SW : Elliott Confirms Offer to Buy Aryzta Shares at CHF0.80 Each
- ARYN SW : Aryzta Says Some Elliott Offer Conditions Cannot Be ‘Satisfied’
- AZN LN : Israel Nears Deal for AstraZeneca’s Coronavirus Vaccine: Reuters
- BAMNB NA : PGGM Infrastructure Fund Plans to Acquire 50% in BAM PPP Unit
- BARC LN : Green Is Good for Power Traders Chasing $430 Billion Market
- GBF GY : Buyout Firm CVC Capital Is Said to Vie With CD&R for Bilfinger
- CCL LN : Watch Cruise Operators After U.S. CDC Raises Warning Level
- CFEB BB : CFE 9M Revenue EU2.4B Vs. EU2.76B Y/y
- ACA FP : Credit Agricole Offers EU10.50/Shr for Credito Valtellinese
- CVAL IM : Credit Agricole Offers EU10.50/Shr for Credito Valtellinese
- DAI GY : Daimler, Geely Holding to Collaborate on Powertrain System
- BN FP : Danone to Cut Up to 2,000 Jobs, Aiming for $1.2 Billion Savings
- DLG IM : De’ Longhi to Acquire Capital Brands Holdings for About $420m
- ENGI FP : Engie Has Set Stage for Return to Growth, Clamadieu Tells Echos
- EQT SS : EQT Is Said to Select BofA, Morgan Stanley to Lead SUSE IPO
- FRA GY : Germany Plans EU1 Billion in Aid for Airports: Handelsblatt
- HFG GY : Hellofresh Buys Factor75 in $277m Deal
- JMAT LN : Johnson Matthey Drops; Analysts Positive, But Flag ELNO Costs
- MC FP : Luxury Groups Warn GBP1b in Investment at Risk From VAT Cut: FT
- MB IM : Mediobanca Shifts Some Bankers From London to Milan: Reuters
- NANO FP : Nanobiotix Files for U.S. IPO, Seeks Nasdaq Listing Under ‘NBTX’
- PRS SM : Prisa Board Rejects Herrero’s Offer to Buy Media Unit: Vozpopuli
- PRX NA : Prosus On Hunt for Deals After Cash Reserves Reach $4.3 Billion
- RLF SW : Relief Proposes Increase of Authorized, Conditional Capital
- ROG SW : Regeneron Gets Emergency U.S. Clearance for Covid-19 Therapy
- TIT IM : Telecom Italia, Tiscali Sign Joint Investment Through Fibercop
- TUI LN : U.K. MPs Call on Travel Co. TUI to Furlough U.K. Workers: FT
- UCG IM : Italy, UniCredit Intensify Talks on Takeover of Monte Paschi
- VNA GY : Vonovia CEO Says Fewer Tenants Seeking Rent Deferrals: Die Welt
- ZURN SW : Zurich Insurance Nears $4 Billion Deal for MetLife Unit: Reuters