Asian stocks rose along with US equity futures on expectations that China may deliver more stimulus to revive the world’s second-largest economy. The MSCI Asia Pacific Index climbed as shares in China, Hong Kong and South Korea advanced. The People’s Bank of China and other regulators will hold a briefing on Tuesday, after data on Friday reinforced the slowing momentum in the economy. The yen dropped after Bank of Japan Governor Kazuo Ueda indicated Friday that authorities aren’t in a hurry to raise interest rates again. China’s central bank cut a short-term policy rate on Monday as part of reductions initiated in July. The central bank lowered the 14-day reverse repurchase rate to 1.85% from 1.95% previously. Global markets are also getting a lift from the Federal Reserve kicking off its rate cut cycle. A gauge of the dollar was little changed while Australian bonds fell ahead of the central bank likely extending a policy pause on Tuesday as housing costs underpin sticky inflation. Cash trading of US Treasuries was closed in Asia due to a holiday in Japan. A swath of Fed speakers is due, while among the raft of economic data this week will be the Fed’s preferred measure of inflation, which may give fresh impetus to the global share rally. Oil rose after a second weekly gain, with the focus on an escalation in the conflict between Israel and Hezbollah. Gold steadied near a record. In the newest geopolitical twist, the US Commerce Department is said to be planning to reveal proposed rules that would ban Chinese- and Russian-made hardware and software for connected vehicles as soon as Monday. Meanwhile, Sri Lanka’s dollar bonds slid after leftist candidate Anura Kumara Dissanayake won the presidential election over the weekend.
Elsewhere this week, the central banks of Sweden and Switzerland are scheduled to hold monetary policy decisions.
Nikkei +1.53% Hang Seng +0.62% CSI +0.52% Shanghai +0.43% Shenzen +0.36%
Eur$ 1.1162 CNH 7.0494 CNY 7.0489 JPY 144.38 GBP 1.3313 CHF 0.8510 RUB 92.3683 TRY 34.1218 WTI$ 71.49 +0.60% Gold 2,622 BTC 63,828 +1% ETH 2,629 +1.65%
S&P +0.29% Nasdaq +0.57% EuroStoxx +0.49% FTSE +0.18% Dax +0.41% SMI
Macro :
- French Premier Eyes Business Taxes, Warns Debt in ‘Grave’ State
- China Stimulus Hopes Rise as PBOC Cuts Rate, Plans Briefing
- SEC Approves Nasdaq to List Options on iShares Bitcoin Trust ETF
- SEC Approves Nasdaq to List Options on iShares Bitcoin Trust ETF
- Borsa Istanbul Announces Index Changes for 4Q
- Italy Declares Emergency, Allocates Funds for Flood-Hit Regions
- Italy Mulls Asking For One-Off Payment on Bank Profits: Corriere
- House Stopgap Funding Proposal Seeks Boost for US Secret Service
- Crypto’s Correlation With US Stocks Nears Record in Fed Fallout
Keep an eye on :
Keep an eye on :
- ALV GY : European Floods Threaten Insurers With Worst Losses in Decades
- AAPL US : Apple’s iPhone 16 Reflects Slowing Pace of Innovation: Power On
- BCP PL : BCP, Santander to Appeal Ruling on Portugal Regulator’s Fine
- BMPS IM : Italy Mulls Asking for One-Off Payment on Bank Profits: Corriere
- BA US : Boeing Defense Chief Exits in New CEO’s First Executive Change
- BA/ LN : BAE Systems awarded $184.35M Army contract modification
- BP/ LN : BP Plans to Join Two Azeri Oil Projects in Caspian Sea
- BN CN : Masdar Is Said to Near Deal to Buy Brookfield’s Saeta Yield
- CBK GY : Germany Halts Commerzbank Share Sales to Block Any UniCredit Bid
- CEG US : *CONSTELLATION ENERGY SHARES CLOSE 22% HIGHER IN RECORD DAY
- CDA FP : Vail Targets More Alpine Ski Resort Purchases in Climate Hedge
- CDA FP : Vail Targets More Alpine Ski Resort Purchases in Climate Hedge
- SATS US : Echostar Rises as FCC Grants 5G Network Buildout Framework
- EXO NA : Agnelli Heirs’ Assets Worth €75m Seized by Italian Court (1)
- HPE US : Sicily: fear of foreign actors prompts security request for wreck of luxury yacht
- INA PL : Inapa Says Competitive Process Has Began to Acquire Its Assets
- INTC US : Qualcomm Approached Intel About a Takeover in Recent Days
- INTC US : Apollo Is Said to Offer Multibillion-Dollar Investment in Intel
- INTC US : Broadcom Isn’t Currently Evaluating Offer for Intel, Sources Say
- JNJ US : J&J Unit Seeks Chapter 11 For Third Time Over Baby Powder
- JGEN LN : Nest in Pact to Invest up to £1B in Build-to-Rent Properties: FT
- LTMC IM : Apollo’s Third Lottomatica Sale Goes to Long-Only Investors
- EMG LN : Man Group Multistrat to Levy Pass-Through Fees
- NESN SW : UK pension fund Nest agrees tie-up to invest up to £1bn in build-to-rent
- Open AI : OpenAI expands new S.F. campus, signs another huge office lease nearby
- PST IM : Italy to Start 15% Poste Italiane Stake Sale by Oct. 21: Sole
- QCOM US : Chipmaker Qualcomm Is Said to Explore Friendly Takeover of Intel
- RVM LN : REA Raises Rightmove Bid to Value Co. at Nearly 750p/shr: FT
- RMV LN : Rightmove Is Said to Reject Improved Offer From Murdoch’s REA
- RMV LN : Murdoch’s REA Sweetens Bid Again for Rightmove to £6.1 Billion
- RIO LN : Rio Tinto Chairman Warns Mining Deals Won’t Solve Supply Crisis
- 005930 KS : Chip Giants TSMC and Samsung Discuss Building Middle Eastern Megafactories -- WSJ
- SAN FP : Sanofi Gets FDA Approval of Sarclisa Combo for Multiple Myeloma
- TIT IM : Italy, Asterion to Bid for Telecom Italia’s Sparkle: Repubblica
- Thames Water : Thames Water lenders plot £1bn lifeline
- UBSG SW : Credit Suisse Takeover Is Focus of Swiss Regulatory Probe: Paper
- UCG IM : German Government Won't Sell Additional Commerzbank Shares Until Further Notice
- UCG IM : Italy Mulls Asking For One-Off Payment on Bank Profits: Corriere
- UCG IM : Banking’s Ultimate Dealmaker Orcel Runs Into German Resistance
- X US : Biden Aide Downplays Nippon Steel Extension in Security Review
- VIV FP : Vivendi’s Canal+ to Include Dailymotion, L’Olympia, Other Ops
- VOW GY : VW Targets Job Cuts in China to Lower Costs as Sales Slump
- VOW GY : International lawmakers call on VW to withdraw from Xinjiang