Asian markets are mixed and trading was thin, with several indices closed for Fall festival and with US jobs data looming later in the week. Nikkei225 is down over 1%, as weekend commentary from PM Abe suggested the govt is not considering compiling an extra budget, Tankan data this coming Thursday. China industrial profits contracted by their largest amount in several years, with the Stats Bureau blaming rising input costs and decline in Yuan. Also of note in China, CCIEE official acknowledged the precarious power consumption and freight volume indicators, but also pointed at industrial restructuring as a key factor in analyzing the economy. IMF head Lagarde spoke with French press and effectively flagged a downgrade to global growth, calling the 3.3% 2015 GDP objective set in July as no longer realistic. Lagarde said developing economies' growth is picking up, as emerging markets slow.
Nikkei -1.60% Hang Seng +0.43% Shanghai -0.28%
Eur$ 1.1197 CNY 6.3693 GBP 1.5197 JPY 120.26 EURCHF 1.09570 RUB$ 65.4350 BRL 3.9755 WTI $45.18 (-1.14%)
S&P -0.03% EuroStoxx -1.16$ Dax -1.25% SMI -0.99%
Macro :
- IMF Set to Cut Global Growth Forecasts, Lagarde Tells Les Echos
- China’s Aug. Industrial Companies’ Profit Falls 8.8% Y/y
- Putin May Accept Peacekeepers in Ukraine’s East: Independent
- Germany to Speed Up Residence Permits for Syrians: Der Spiegel
- EU Real Drive Emission Diesel Tests Targeted for Jan: Hendricks
Keep an eye on :
- ABBN vx : Cevian Met With ABB Chairman for First Time: SonntagsZeitung
- AIR FP : Airbus Rules Out Layoffs in Defense & Space Unit: FAZ
- ATO FP : Airbus, Atos Sign Cybersecurity Pact, Les Echos Says
- AF FP : Air France Offers EU100 Mln to Employees in 2017 If Cuts Work
- ALV GY : Allianz Considers Selling Assets Within Euro Portfolio: FT
- BP/ LN : The $12 Billion Reason BP Isn’t Worried About a Hostile Takeover
- BARC LN : Barclays in Talks W/ Buyers for Bank’s Brazilian Assets: Sky
- BAYN GY : Bayer Says FDA Approves New Version of Betasearon Autoinjector
- BOSCH : Bosch Warned VW Over Planned Use of Software in 2007: Bild
- DAI GY : Daimler Says Van Software Updates Not Related to VW Scandal
- ENGI FP : Engie Not Sure It Can Restart 2 Belgian Reactors Nov. 1: Figaro
- ENI IM : Eni May Begin Goliat Arctic Oil Output Within a “Few Weeks”:FT
- SFER IM : Ferragamo CEO Michele Norsa Repeats Core Profit Outlook: Reuters
- SDF GY : K+S Plans Acquisitions, Sites in Asia, Australia: Frankfurter
- MEO GY : Metro Said to Abandon Talks to Buy Oetker’s Fine Foods Supplier
- NOVOB DC : Novo Nordisk Sees Introducing Tresiba in U.S. in 1Q
- PAH3 GY : Porsche Buys 1.5% Volkswagen Stake From Suzuki to Expand Holding
- PAH3 GY : Volkswagen Unit Porsche Said to Name Oliver Blume as New Chief
- ROG Vx ; Roche Says Positive PDL1 Data in Lung, Bladder Cancer Trials
- RR/ LN : Rolls-Royce May Move Research If U.K. Cuts Support: Sunday Times
- RSA LN : RSA to Sell Russian, Mideast Divisions, Sunday Times Reports
- RYA LN : Ryanair Can Be ‘Amazon for Travel,’ CEO O’Leary Tells FT
- SAB LN : AB InBev May Submit GBP70b SAB Miller Bid Within Days: S. Times
- SAB LN : SABMiller Said to Seek At Least 4,500p/Share: Times (Earlier)
- SZG GY : Salzgitter CEO sees eventual merger with Aurubis - Reuters
- TIT IM : Telecom Italia wants to close Inwit sale or merger by year-end - Reuters
- TSLA US : Tesla Opens First European Factory in the Netherlands, FT Says
- UBSN VX : Netherlands Asks Swiss for UBS Account Holder Names: Le Temps
- VOW3 GY : Volkswagen Internal Evaluation Found About 5M Cars Affected
- VOW3 GY : VW Spvy BD Meeting Ended, Mueller Elected CEO: Handelsblatt
- VOW3 GY : Italy’s Renzi Says VW Should Be ‘Severely Punished’: Ansa
- VOW3 GY : Switzerland Sets Temporary Sales Ban on Affected VW Cars: AWP
- VOW3 GY : Suzuki Motor Says It Sold All Its Shares of Volkswagen
- VOW3 GY : Volkswagen Employee Warned Carmaker Over Software in 2011: FAZ
- VOw3 GY : VW Asks Italy Dealers to Halt Sales of 2,500 Cars, Ansa Reports
- VOW3 GY : Spain Says VW Must Repay Efficiency Subsidies, El Pais Reports