Asian equity markets opened mixed, solar names in China and South Korea weighed on indexes after ITC ruled imported solar panels are crippling American manufacturers. Election results in New Zealand saw ruling National Party with 46.6% and Labour with 35.5%. In Germany similar results happened with the election, Chancellor Merkel's party finishes 1st (32.8%) with opposition SPD with (20.4%). So she will again need to form a coalition. Notably, like elections around the world, the nationalist party took a notable part of the vote (13%) which will see the AFD Party enter parliament for first time. EUR/USD was slightly weaker, 1.1898. Japan PM Abe to hold press conference at 09:00GMT, no topic given but widely expected to announce a snap election, though a recent poll shows public is not in favor of one.
Nikkei +0.50% Hang Seng -1.15% CSI -0.42% Shanghai -0.41% Shenzen -0.82%
Eur$ 1.1919 CNH 6.6012 CNY 6.6083 GBP 1.3557 CHF 0.9709 RUB 57.5896 WTI$ 50.55
S&P -0.09% EuroStoxx -0.26% FTSE -0.24% Dax -0.28% SMI -0.11%
Macro :
- German Election Result ‘Less Market-Friendly’ Than Expected: SEB
- Magnitude 3.4 Quake Detected Near North Korea Nuclear Test Site
- Trump Is Said to Get Tax Plan That Targets 20% Corporate Rate
- Iraq to Raise Oil Capacity to 5M B/D, Committed to Output Cuts
Keep an eye on :
- ABBN VX : ABB’s GE Industrial Solutions Deal Makes Sense, Natixis Says
- ABI BB : 4 Pines acquired by Anheuser-Busch InBev
- AB1 GY : Air Berlin Sale May Generate as Much as EU350 Million: Bild
- AB1 GY : Lufthansa to Offer EU200M for Air Berlin: Bild Am Sonntag
- ACS SM : ACS officially confirms its interest in bidding for Abertis
- ADEN VX : Adecco CEO Dehaze Sees Growth Opportunities With SMEs: FuW
- AIR FP : Airbus May Sell Aerotec Unit Or Stake to Canada’s Onex : Welt
- AZA IM : Alitalia has EasyJet/Elliot consortium and Lufthansa in pole position to acquire aviation assets
- AZN LN : Bernstein say it could be a takeover candidate - FT article http://on.ft.com/2xvXKs8
- AAPL US : IPhone X Suppliers Are Told to Slow Down Delivery: DigiTimes
- BPM PL : U.S. Funds Interested in Banco BPM EU2b NPL Portfolio: Sole
- CRG IM : Carige Is Said to Aim for Full Subordinated Debt Swap: Sole
- CLN VX : Clariant Won’t Adjust Exchange Ratio, Rolker Tells SamW, Postpones Shareholder Meeting for Merger: SZ
- DTE GY : Deutsche Telekom possible privatisation could fetch EUR 10bn for broadband investment - FAZ
- FB US : Facebook Abandons Plans to Change Share Structure, Avoiding Lawsuit - WSJ
- LCL LN : Ladbrokes Coral Is Said to Hire Merger Advisers: Sunday Times
- METSO FH : Metso Renews Organization to Boost Mineral, Flow Control Ops
- NAS NO : Monarch Airlines receives bid approach from Norwegian Air Shuttle - independent.ie
- NETS DC : Hellman & Friedman set for $5bn Nets A/S takeover - FT - http://on.ft.com/2ylOg0y
- PRS SM : Rhone Capital Cuts Offer for Prisa’s Santillana: Confidencial
- SIE GY : Siemens CEO Says Relationship With Russia Is Strained: Spiegel
- UHR VX : Swatch Group Sees Significant Growth Most Places: Hayek in SamW
- TKA GY : Thyssenkrupp Forms Working Group With Employee Reps on Merger
- FP FP : Oil Search (OSH) could be a potential target for acquisition by Total and ExxonMobil - Australian Financial Review.
- TLW LN : Tullow to Keep TEN Field Oil Output 50,000 BOPD Until Year-End
- UBER IPO : Uber Regroups After London Taxi Setback as Lyft Signals Interest
- UBER IPO : EU Is Said to Seek More Protection for Uber-Style Jobs: Rtrs
- UNA NA : Unilever Said to Buy 60.39% Carver Korea Stake for $2.9b: Daily
- VOVLB SS : Cevian’s Gardell Wants to Split Volvo AB in Three Entities: DI
- VOW3 GY : VW Agrees to Help German Dealers to Boost Diesel Sales: Spiegel