Asian equities rose, extending a two-week global rally, after U.S. stocks posted strong gains and Treasury yields steadied. U.S. monetary policy is back in focus with two appearances from Federal Reserve Chairman Jerome Powell. Stocks from Sydney to Hong Kong advanced after the S&P 500 Index posted a solid U.S. session on Friday. Powell will speak before the House Financial Services Committee on Tuesday and the Senate Banking Committee two days later to give his Humphrey-Hawkins testimony. The dollar declined against its major peers as Treasury yields retreated below 2.90 percent. Australian bonds and gold climbed.
Nikkei +1.19% Hang Seng +0.60% CSI +0.91% Shanghai +0.94% Shenzen +2.05%
Eur$ 1.2330 CNH 6.3082 CNY 6.3139 JPY 106.48 GBP 1.4025 CHF 0.9329 RUB 55.9305 WTI 63.64 +0.14%
S&P +0.12% EuroStoxx +0.67% FTSE +0.54% DAX +0.76% SMI +0.25%
Macro :
- Goldman Says Stocks May Plunge 25% If 10-Year Yield Hits 4.5%
- U.K. Needs New Customs Treaty With European Union, Labour Says
- Nouy Says Greek Banks’ Top Priority is to Reduce New NPLs: Vima
- BOE Deputy Ramsden Leaps Into Rate-Hike Camp: Macro Squawk Wrap
Keep an eye on :
- ADP FP : France Is Said to Renounce Toulouse Airport Share Sale Plans:BFM
- AIRBNB IPO : Airbnb Founder Chesky Considers Starting an Airline: S. Times
- APC US : Anadarko Is Said to Be in Mozambique LNG Talks w/ Indian Buyers
- BMW GY : Great Wall’s BMW JV to Provide Timely EV Credits: Street Wrap
- BRK/A US : Berkshire Fourth Quarter Operating EPS Beats Highest Estimate
- BA US : Boeing, Embraer Deal Negotiations Said to Advance: O Globo
- DAI GY : Daimler in $2 billion China investment with BAIC as Geely swoops https://t.co/YAPzcDF5cS --> +2.1% pre mkt.
- DAI GY : Daimler Could Face Early Payback of EIB Loans: Welt am Sonntag
- DAI GY : Daimler Is Said to Seek to Block Geely Board Seat: Handelsblatt
- DBK GY : Deutsche Bank Formally Announces Intention to Float DWS Unit
- DIS US : ‘Black Panther’ Grosses $108M in Second Weekend: Variety
- FCA IM : Fiat Chrysler Is Said to Phase Out Diesel Cars by 2022: FT
- GATE SW : HNA Plans Gategroup IPO End of March, Swissport in 2Q: NZZamS
- GKN LN : GKN/Melrose: Melrose not currently seeking irrevocable undertakings during outreach - MergerMArket
- HOME SM : Neinor Downgraded to Neutral at Citi
- UG FP : PSA to Manufacture Cars in Malaysia With Naza From This Year
- PFG LN : Provident Financial Mulling GBP500m Rights Issue: S. Telegraph
- PNL NA : PostNL Full Year Adjusted Operating Profit 4.5% Below Estimates
- PNL NA : PostNL Says Dutch Postal Market Consolidation Is ‘Inevitable’
- SFQ GY : SAF Holland Sees Full Year Adjusted Ebit Margin +8% To +8.5%
- SIKA SW : Sika Offer for Burkard Higher Than Saint-Gobain: Tages-Anzeiger
- SEV FP : Suez Expectations Have Reset, Upgrade to Overweight: JPMorgan
- HO FP : Thales Wins Contracts for Australia’s OneSky Project: Herald Sun
- TOYS US : Toys R US Is Said to Seek Bids for European Arm: Sky
- NOKIA FH : Nokia CEO Says 5G Network Technology Coming Faster Than Expected
- VVT LN : Vivat CEO Is Reviewing Options Including Buyers, IPO: FD
- VIV FP : Sony Music’s Doug Morris is Said to Leave End-March: Variety
- VOW3 GY : Germany Prepares for Partial Diesel Driving Ban: Rheinische Post
- VOW3 GY : German Police Raid VW Site in Audi Emissions Scandal: Bild