The Friday rally on Wall St has carried over to Asia amid the themes of recovery in oi prices and more dovish central banks expectations. Record snowfalls in the US northeast and multi-decade temperature lows in Hong Kong over the weekend helped sustain the gains of the near-10% rally in oil on Friday. Likewise, investors are anticipating an acknowledgement of a hiccup in global growth from the Fed, a hint toward more easing from RBNZ, and potentially expanded QE by the BOJ all to take place this week. In FX, USD/JPY is rangebound at ¥118.45-85, EUR/USD rallied 30pips toward $1.0820, and AUD/USD reversed initial 20pip dip to 0.6980 to test 0.7030. Chinese Yuan has been set firmer yet again, but the ripple in the currency market from the fix has been greatly diminished.
Nikkei +0.90% Hang Seng +1.50% Shanghai+0.44%
Eur$1.0810 CNH 6.6129 CNY 6.5795 JPY 118.72 GBP 1.4306 CHF 1.0143 RUB$ 76.74 WTI $32.50 (+0.96%)
S&P +0.03% EuroStoxx +0.43% Dax +0.33% SMI +0.51%
Macro :
- Snowstorm Paralyzes Washington, Halts Thousands of Flights
- ECB’s Nouy Says Property Loans May Cause Problems for Banks: STA
- Italy to Get About EU17b of Deals With Iran, FT Cites Official
- Macron Says France Wants Russia Sanctions Lifted, Figaro Says
- Third Avenue Sees Assets Fall $1b After Redemptions’ Freeze: FT
Keep an eye on :
- A2A IM : Milan, Brescia May Reduce 50% Stake in Italy’s A2A, Sole Reports
- ABG SM : BlackRock, TCI Want to Control Abengoa, Expansion Says
- ADS GY : Adidas to Drop Sponsorship of IAAF Four Years Early, BBC Says
- AIR FP : Iran to Sign Airbus Deal to Buy 114 Planes This Week: Mehr
- AF FP : Turkish Air Isn’t Interested in, Partly, Buying KLM: Telegraaf
- ALO FP : Alstom Promises British Jobs for Train Contract: Times
- AAPL US : Apple Said to Introduce ‘IPhone 5se’ Upgrade in March: 9to5Mac
- AAPL US : Apple Exec Overseeing Electric-Car Effort Is Leaving, WSJ Says
- MT NA : Vale, ArcelorMital Fined BRL68m for Brazil Port Issues: Reuters
- AREVA FP : Areva Bailout May Cost at Least EU4 Billion: Journal du Dimanche
- AR4 GY : Aurelius CEO Says 2015 Results Exceeded Target: Euro am Sonntag
- BATS LN : British American Tobacco CEO Pay Plan Angers Holders: Telegraph
- BG/ LN : Shell/BG merger boosted by news Brazil will not increase tax levy - Sunday Times
- BMPS IM : Santander Denies Report It’s Considering Monte Paschi Purchase
- BMW GY : BMW 2015 Vehicle Output Topped 287,000 Units in Shenyang: Xinhua
- CABK SM : CaixaBank Targets 1M Payroll Client Accounts in 2016: Expansion
- LNG US : Reportedly wants to borrow $2.6B to refinance its Sabine Pass LNG import facility - press - Cheniere owes $2.1B on the project and has a $1.67B payment due in November.
- CSGN VX : Credit Suisse CEO Says Distressed Sales Weighing on Markets
- AM FP : France’s Hollande Says Rafale Jet Deal on ’Right Track’: PTI
- DAI GY : Daimler Sees 2016 U.S. Car Industry Sales Up More Than 1%: Welt
- DROPBOX IPO : T. Rowe Marked Down Dropbox Stake Value in 4Q15: The Information
- EDF FP : EDF May Sell Part of French Power Grid RTE: Journal du Dimanche
- EMG LN : Man Group Said to Hire HSBC’s Guillermo Osses: WSJ
- GKN LN : U.K. Engineer GKN Mulling Iran Revival: Sunday Telegraph
- GSK LN : Och-Ziff Said to Hold 0.5% Stake in GSK Via Derivatives: Times
- JCI US : Johnson Controls Said to Be in Advanced Talks to Combine With Tyco - WSJ
- LHN VX : LafargeHolcim CEO Says Co. to Sell Assets Valued at CHF3.5B: SoZ
- PCL US : Plum Creek Says ISS Recommends Holders Back Weyerhaeuser Merger
- SBMO NA : SBM CEO, Auditor Agree to Settle With Brazil Public Prosecutor
- SIE GY : Siemens Said to Buy CD-adapco for Close to $1b: Reuters
- SPM IM : Saipem Lowers 2015 Rev. Guidance to EU11b-EU12b From About EU12b
- SPM IM : Saipem May Win EU5b Contracts in Iran: la Repubblica
- SBRY LN : Sainsbury Investors Fear Overpaying for Home Retail: Telegraph
- SUNE US : Greenlight Capital to Get SunEdison Board Seat, WSJ Reports
- TIT IM : Nextel Brazil Said to Attract Claro, Tim, Foreign Funds: Folha
- FP FP : Total CEO: Gas Output to Grow Faster Than Oil on Climate Goals
- TYC US : Tyco Deal With Johnson Controls May Be for $43-Shr: Bernstein (+40% vs Friday Close ($30.59))
- UBER IPO : Usmanov’s USM Holdings Invests in Uber, RBC Reports
- VOW3 GY : VW to Expand to Kenya, Ecuador and Ethiopia: Automobilwoche
- VOW3 GY : VW Executives in Engine Development Aware of Manipulations: SZ
- WIN GY : Wincor Nixdorf 1Q Sales Rise 14%; Raises FY16 Op. Profit Outlook