Quiet session in Asia with focus falling on Energy and US Elections - Oil comes off Friday lows after Algeria Oil Min said negotiators will not come out from the meeting empty-handed, with a freeze deal remaining a potential outcome. Ahead of Monday's first Presidential debate, Hillary Clinton and Donald Trump are in a dead-heat according to Washington Post survey on both 2-party basis and including Libertarians and Greens. Some analysts have indicated that the market may come under pressure if Trump is perceived to be victorious when the candidates take the stage together for the first time. In notable press reports, outspoken former Japan MOF official Sakakibara (Mr. Yen) concluded that the yield curve strategy the BOJ announced last week is appropriate, but also forecast USD/JPY declining toward to ¥90 in 2017. Among emerging currencies, Turkish Lira plunged to a 6-week low near 3.00 after Moody's cut its credit rating on the sovereign by 1 notch to BA1. Rating agency said "Turkey continues to operate in a fragile financial and geopolitical environment, and its vulnerability has risen as a result of unpredictable political developments and volatile investor perception."
Nikkei -1.10% Hang Seng -0.86% CSI -098% Shanghai -0.95%
Eur$ 1.1227 CNH 6.6792 CNY 6.67 JPY 100.87 GBP 1.2979 CHF 0.9701 RUB 63.9949 WTI$ 44.88 +0.90%
S&P -0.21% EuroStoxx -0.60% DAX -0.65% fTSE -0.41% SMI -0.35%
Macro :
- Corbyn Is Re-Elected as U.K. Labour Leader, Urges Party Unity
- BOE Easing Makes Gilts Best Place to Be for Frankfurt Investor
- OPEC Deal Still Elusive Even After Saudis Offer Oil Cuts to Iran
- S&P 500 Bull Trend Versus EM at Risk as Curve Flattening Resumes
- Credit-Equity Correlation Marks Risk Perception Shift: Analysis
- EU Commissioner Moscovici to Propose EU Blacklist for Tax Havens
- Star trader Rokos eclipses his old Brevan Howard fund - FT - http://on.ft.com/2dtUViO
Keep an eye on :
- ABBN VX : Cevian May Seek Seat on ABB Board, Schweiz am Sonntag Reports
- ABG SM : Abengoa Says Acceptance Period Opens for Restructuring Plan
- AIR FP : Airbus Partners With Tata Advanced Systems in India: Les Echos
- AF FP : Air France-KLM in Accord With India’s Jet Airways, Tribune Says
- AKZA NA : Akzo Nobel Committed to U.K. Business, CEO Tells Guardian
- AAPL US : Apple Falls; IPhone Sales May Disappoint, GFK Report Says: CNBC
- ARAMCO IPO : *ARAMCO IPO LISTING MAY INCLUDE LONDON, NY OR HONG KONG: CEO
- AREVA FP : Areva: ASN Probing 87 Irregularities in French Nuclear Reactors
- ARYN VX : Aryzta FY EPS In Line, Sees FY17 EPS In Line With Consensus
- AZN LN : Impax, AstraZeneca Sue Par Pharma Over Generic Migraine Drug
- CRG IM : Banca Carige Seeking to Sell EU900m of NPLs: Il Sole
- BMPS IM : Qatar Funds May Be Interested in Paschi Cap. Increase: Corriere
- BAS GY : BASF Plans to Make Further Cuts in Asia Amid Slowdown in Demand
- COIC SS : Concentric could be a takeover target - Dagens Industri
- CSGN VX : Credit Suisse’s Grigg Quits to Start Independent Firm: Sky News (he was bank rescue advisor)
- AM FP : Rafale Deal to Create Jobs in France, Dassault Aviation CEO Says
- DBK GY : Merkel Unwilling to Help Deutsche Bank in U.S. DOJ Case: Focus
- DUFN VX : Airport Vendor Dufry Could Rise 20% or More - Barron's
- GLPG NA : Gilead could place takeover bid for Galapagos - tijd
- GKN LN : SAIC could be interested to bid for Company, 7bil price tage mentionned
- GN DC : GN Store Nord Gives 2017-2019 Financial Guidance
- GS US : Goldman Said to Plan 25% Cut of Asia Investment-Banking Jobs
- HSBA LN : HSBC Hires Headhunting Firm to Strengthen Management Team: FT
- INGA NA : ING Belgium Poised for Major Restructuring, L’Echo Reports
- IBAB BB : Ion Beam in EU70 Mln Contract for Proteus System in Beijing
- KTM IPO : KTM Industries, the Austrian motorcycle company, is to list in Switzerland soon, Finanz und Wirtschaft
- LXS GY : Lanxess to Buy U.S.-Based Chemtura for $33.50/Shr
- LHA GY : Lufthansa Has Right to Buy Brussels Airlines for EU2.6m: De Tijd
- LUN DC : Lundbeck, Otsuka Say FDA Approved Labeling Update of Rexulti
- MS IM : Mediaset Board to Meet Tuesday as Vivendi Offer Looms: JDD
- PBR US : Petrobras Rig Bids Could Bring $6b in Investments: Globo
- PFC LN : Tunisia Reaches Deal W/ Petrofac Protesters Over Jobs: Reuters
- UG FP : PSA’s Tavares: Open to Opportunities and Discussions: Figaro
- SFR FP : SFR to Invest EU2B Per Year on Network 2017-2020: Echos
- SIE GY : Siemens CEO Kaeser Seeks to Stay at Co. Past ’18: Handelsblatt
- SBRY LN : J Sainsbury shareholder Qatar Investment Authority could attract offer for 22% stake from Chinese bidder
- SAN FP : Regeneron, Sanofi’s Dupilumab Gets Priority Review by U.S. FDA
- SNAPCHAT IPO : Snapchat to Release ‘Spectacles,’ First Hardware Product: WSJ
- LOCAL FP : Solocal Suspended Before Financial Restructuring Statement
- SWEDA SS : Swedbank Open to More Acquisitions in Baltic Region: DI
- TEF SM : Telefonica Plans for IPO of O2 Advancing, Telegraph Reports
- TUI LN : Tuifly subject of sale talks with easyJet, other airlines - Boersen-Zeitung
- UBI FP : Ubisoft to Buy Bpifrance’s 3.2% Stake in Co. for $138 Million
- UBI FP : Ubisoft CEO Says Sees ’Very Few’ Synergies With Vivendi
- UBSG VX : France Seeks Info on 45,000 UBS Bank Accounts: Le Parisien
- UCG IM : UniCredit Said to Pick 4 Cos. in Pioneer Bidding Process: Rtrs
- VIE FP : French state bank CDC plans run of share sales - http://on.ft.com/2d1oVzX
- VIT CN : Victoria Gold could be a takeover candidate, analysts say
- VIV FP : Ubisoft CEO Says Sees ’Very Few’ Synergies With Vivendi
- VOW3 GY : Audi CEO Stadler to Help Clarify Emissions Scandal: Rheinische
- VOW3 GY : Audi Recalls 79,895 Cars, SUVS for Side Light Software Errors