Asian equity markets are mixed and volatility is low with mainland China on holiday for Dragonboat Festival. US market holiday on Monday is adding to tepid price action across all assets. Friday's trading session was highlighted by improvement in US Q1 GDP thanks to better than initially reported consumption. G7 concluded its meeting in Italy with merely a vague commitment to existing exchange rate arrangements, pledge to "fight protectionism" and reduce global imbalances to support growth. Climate change friction amid speculated intentions by US Pres Trump to pull out of Paris Accord was among the more noteworthy developments, as leaders failed to bridge differences on the issue. The focus now turns to China-EU investment agreement taking place next weekend, as Europe appears to pivot toward greater cooperation with the East. Australia index is a notable decliner amid weakness in Energy and Mining sectors. North Korea fired another projective deemed to be a scud missile from the east coast, Japan PM Abe went as far as to state that concrete measures will be taken by US/Japan in response to ongoing provocations.
Nikkei +0.11% Hang Seng +0.15% CSI Closed Shanghai Closed
Eur$ 1.1167 CNH 6.8156 CNY 6.8555 JPY 111.30 GBP 1.2831 CHF 0.9753 RUB 56.80 WTI$ 49.69 (-0.22%)
S&P +0.06% EuroStoxx +0.14% Dax +0.13% SMI -0.04% FTSE Closed
Macro :
- EU Steel Industry Warns Against Emissions Trading Reform: Welt
- G-7 Minus U.S. Affirms Paris Climate Pledge in Draft Statement
- Atlanta Fed’s GDP Nowcast Model Sees U.S. 2Q GDP at 3.7%
- Short Sellers Resist Covering as S&P 500 Retakes Record in Week
- Govt sources say US debt ceiling could be hit this summer, sooner than markets may be expecting - CNBC
- Mattis Says Trump ‘Wide Open’ on Paris Climate Accord
Keep an eye on :
- ABE SM : Atlantia signs EUR 16.3bn financing deal with pool of banks for Atlantia bid
- ADS GY : Adidas chief keen to pace himself after swift start, Kasper Rorsted has buoyed sportswear group but online and US challenges lie ahead - FT
- AIR FP : Airbus Helicopters Breaks Ground on 1st Assembly Line in China
- AMS SM : Amadeus Drops as Much as 7.8% After IAG Sets Booking Fees, Sabre, Travelport Follow Amadeus Lower on IAG Booking Charge
- AAPL US : Apple Said to Plan Dedicated Chip to Power AI on Devices
- BMW GY : BMW’s Stalled Stock Ready to Accelerate, German car maker’s heavy R&D spending should pay dividends down the line, as autonomous driving and electric cars gain popularity - Barron's
- BMW GY : BMW Plans Car-Data Link for Service Providers: Automobilwoche
- CA FP : Fnac CEO Bompard to Meet Carrefour Appointments Committee: JDD
- CPR PL : Cimpor Says Shareholders to Vote to Take Company Private
- BN FP : PepsiCo Said in Bid to Acquire Owner of Vita Coco: Reuters
- DIS US : Disney Cuts ‘Pirates’ Weekend Forecast to Mid-$70m From $80m, Disney Says ‘Pirates’ Has $62.2m in 3-Day Weekend Sales
- FNAC FP : Fnac CEO Bompard to Meet Carrefour Appointments Committee: JDD
- FNTN GY : Freenet Not Limited to German-Speaking Regions, CFO Tells BZ
- GLEN LN : Deutsche Boerse Adds Glencore to STOXX 50, Deletes Syngenta
- IAG LN : British Airways Cancels All Heathrow, Gatwick Flights Today
- ISP IM : Intesa Said to Cut Costs, Close Branches in Strategy Shift: FT
- JNJ US : J&J Ordered to Pay $2.1 Million Over Woman’s Vaginal-Mesh Claims
- LGEN LN : Legal & General Said to Eye GBP15b Steel Pensions Buyout: Times
- LIFE SW : LifeWatch Board Supports Increased Offer by BioTelemetry
- LIN GY : Linde Plans to Cut 140 Jobs in France, Les Echos Says
- NVDA US : SoftBank Said to Consider Raising Stake in Nvidia
- DPS US : KKR Said to Consider Bidding for Pepper Group, AFR Says
- PFV GY : Pfeiffer Vacuum Interested in ‘Larger’ Acquisitions: EamS
- PRS SM : Prisa Decides to Reject Offers for Santillana
- SAN FP : Sanofi Won’t Renew One of Two Regeneron Pacts: Bernstein
- SAN SM : Unicaja Weighs Santander, Sabadell Deal If IPO Fails: Expansion
- SPM IM : Saipem Board Approves Tax Disputes Settlement
- SIE GY : Three IG Metall Reps to Leave Siemens Supervisory Board: Spiegel
- SIKA VX : Sika’s Haelg Says Jenisch Departure Won’t Change Strategy: SamW
- SITESL MM : Slim Said Preparing to Sell Minority Stake in Telesites: Reuters
- STL NO : Statoil Halts Drilling of Barents Well After Court Ruling: DN
- SYNN VX : Deutsche Boerse Adds Glencore to STOXX 50, Deletes Syngenta
- VALE US : Vale CEO’s Strategy Could Include M&A, New Cost-Cutting: BofAML
- WOOD LN : Wood Group Said to Be Keen in Keeping Amec’s Nuclear Unit: FT