After closing slightly down on friday, S&P is trading higher this morning Futures are +0.43% higher...
USD was firmly bid in the opening hours of the Asia session, rising about 0.3% against EUR (50 pips below 1.3190) and JPY (40 pips above 102.20) to hit respective 7- and 11-month highs. FX market action implying a greater conviction that Yellen was less dogmatically dovish - giving credence to a more even handed debate about risks of normalizing policy too early AND too late. Reports also suggesting Yellen may be more willing to accept the possibility of structural changes producing labor slack, which would deem extended use of easy monetary policy less effective. In contrast, there is no debate that Friday comments from ECB's Draghi and BOJ's Kuroda were substantially more dovish. Draghi was increasingly vocal to prefer more policy adjustment to austerity and fiscal consolidation. Kuroda noted inflation is still just halfway to meeting its target, and that he will not hesitate to adjust policy "if we fall short of the inflation goal."...As european mkts stay volatile on Ukraine situation, Minsk summit will be closely monitored...M&A announcement (ITMN/ROG...THI/BKW...) also helpening semtiment this morning...Nikkei +0.54% Hang Seng +0.21% Shanghai -0.22%
Eur$ 1.3206 S&P +0.43% SX5E +0.97% FTSE Closed DAX +0.86% SMI +0.54%
Keep an eye on :
- ACS SM : ACS Seeks to Sell Renewable Energy Assets, Confidencial Reports
- AIR FP : Airbus considers sale of Atlas Elektronik stake; could prompt new bid from Thales
- AIR FP : Galileo Satellites Missed Targeted Orbit, Arianespace Says
- BBY LN : Balfour May Boost Its Infrastructure Investments: Sunday Times
- BG/ LN : said to be in talks to sell stake in Tanzanian Gas Field (BG hold 60% stake in Block 3)
- BELG BB : Bpost/Belgacom stake sale not a priority for Belgian government
- BKIA SM : Spain Won’t Sell More Bankia Shares Before October, EP Reports
- BPOST BB : Bpost/Belgacom stake sale not a priority for Belgian government
- CON GY : Continental to Extend French Distribution Network, Figaro Says
- DL NA : Delta Lloyd Considers Offer for Insurer Vivat: Telegraaf Link
- IM NA : Imtech Hires Goldman Sachs for Negotiations on Debt: FD Link
- NESN VX : Nestle Buyback Starts Today, Runs Through Dec. 30, 2015
- NOK1V FH : The Finnish network equipment maker Nokia’s Here mapping service could be in the radar for the Chinese GeoStar, according to Kauppalehti.
- POG LN : Said to be in talks with a China state bank regarding possible bailout
- ROG VX : Roche Agrees to Buy Intermune in $8.3b Transaction, 38% premium vs Fr. close
- ROG VX : Chugai Falls Most in 3 Yrs; Roche Said to Decide to Drop Buyout
- RTL BB : RTL Group Should Pay its Taxes, Hungarian Government Says: WSJ
- SIE GY : Siemens Aims to Make Offshore Wind Farms Cheaper: Handelsblatt
- TEF SM : Telefonica Considers Raising Bid for Vivendi’s GVT: Messaggero {NSN NAR3AZ6TTDS0 <go>}
- TFI FP : TF1 Signs Star Wars Accord With Walt Disney France: Le Figaro
- UCB BB : Actavis Confirms Patent Challenge for Generic of UCB’s Neupro
- VIV FP : Vivendi Well-Placed With Offers From GVT Suitors, Investir Says {NSN NARC8H6TTDS0 <go>}
- VVT LN : Delta Lloyd Considers Offer for Insurer Vivat: Telegraaf Link
- WPP LN : WPP’s Russia Profit to Fall Over Ukraine, Sorrell Tells Express
- WRT1V FH : Possibility Rolls Royce may consider another Wartsila offer remains - Arvopaperi