Asian indices traded mixed in light holiday session, with expectations of seasonal low volatility expected to persist in the final week of 2015. Nikkei225 eked out modest gains as soft retail data justified the latest ETF purchase additions to BOJ's QE program. Korea's Kospi was the laggard as Samsung Group conglomerate was reportedly forced to sell some of its holdings in C&T affiliate due to regulatory rules. Shanghai and Hang Seng were down modestly, while ASX was closed for Boxing Day. In FX, USD/JPY was up about 40pips from opening lows, rising above 120.50. EUR/USD traded in about a 30pip range but stayed capped below 1.0980. AUD/USD range was at a narrow 20pip window above 0.7260. Chinese Yuan was set slightly weaker at 6.4750 v 6.4713 prior after last week's rally. China put out its industrial profits data for November, and while the y/y result was the 6th straight decline at 1.4%. Chinese Press reported State Council approved the proposal to adjust China's IPO system from govt-directed to a more liberal registration-based one. New system details are still being worked out by the govt, though reports did suggest it may be in place by Mar of 2016. Sharp(6753 JP) +8.2% on report of Hon Hai bid), Samsung C&T(028260) -3.8% on Samsug SDI ordered to divest stake.
Nikkei+0.56% Hang Seng -1.02% Shanghai-1.64%
Eur$1.0970 CNY 6.4811 JPY 120.47 GBP 1.4914 CHF 0.9868 RUB$ 70.5505 WTI$37.74 (-0.94%)
S&P-0.11% EuroStoxx-0.09% Dax-0.19% SMI+0.05%
Macro :
- Spain Proposes Raising Its Minimum Wage by 1%: Europa Press
- Turkey’s Simsek Says 2016 GDP Growth May Exceed 4.5%: Anadolu
- Japan, France, Italy Will Slip Down CEBR’s Economic League Table
- Greek Govt Mulls Bank Transaction Tax to Fund Pensions: Ta Nea
Keep an eye on :
- AF FP : France’s CGT Union Calls For Air France Strike Jan. 28: Parisien
- AAPL US : Apple sales set to slump in 2016 with no new products, analysts warn - http://bit.ly/22tJf0o
- ATC NA : Altice Buys FC Porto Broadcast, Ad Rights for EU458m: Echos
- AV/ LN : Aveva shareholders demand full auction process
- BSLN SW : Basilea to Consider Ceftobiprole Studies After Talks With FDA
- BT/A LN : BT CEO Sees Super-Fast Broadband Across U.K. by 2025: Telegraph
- BMPS IM : Banca Monte Dei Paschi Di Siena Signs Pact to Sell NPL of ~EU1b
- BMPS IM : Banca Monte Paschi Managers Agree On 2.5% Pay Cut, Union Says
- DTE GY : T-Mobile Polska could conduct further acquisitions - Rzeczpospolita
- DGE LN : Diageo Produces Alcohol-Free Guinness for Indonesia Market: FT
- DIS US : Disney Estimates Star Wars Global Box Office to Date $890.3m
- ERICB SS : Ericsson Aims Beyond Mobile Phone Networks: Corriere
- EQT US : EQT Prepares to Sell Parking Company Parkia, Expansion Reports
- RACE US : Ferrari Recalls 185 My 2016 California T Cars on Fuel Leaks
- MEO GY : Metro Bank Hires Mark Stokes From Williams & Glyn: Telegraph
- OMV AV : OMV Asset Swap Is Backdoor Privatization, Ederer Tells Standard
- PAH3 GY : Porsche, Piech Dominance on VW Board Harmful, Hermes Tells FAS
- RWE GY : German Nuclear Exit Needs Bigger Govt Role, Wenning Tells FAS
- SAN SM : Santander Sells EU400M of Written-Off Loans to Grove: Expansion
- SHARP (6753 JP) : Hon Hai Offers to Buy Sharp for About 300b Yen: Kyodo