Financial markets started December with a risk-on mood following a better-than-expected reading on Chinese manufacturing that added to evidence the global economy is turning a corner.
Asian equity benchmarks rose, led by gains in Japan fueled in part by a retreat in the yen. S&P 500 Index futures edged up, though European contracts were little changed. Ten-year Treasury yields climbed to 1.82%, and their Japanese counterparts ticked up closer toward zero. The yen retreated. Sentiment could still be kept somewhat in check by the continuing lack of closure on a U.S.-China trade deal. China’s Global Times underscored that its government wants tariffs to be rolled back as part of “phase one.”
Nikkei +1.01% Hang Seng +0.40% CSI +0.18% Shanghai +0.10% Shenzen +0.19%
Eur$1.1016 CNH 7.0331 CNY 7.0328 JPY 109.65 GBP 1.2917 CHF 1.0002 RUB 64.39 TRY 5.7433 WTI$ 55.98 +1.47%
S&P +0.25% EuroStoxx +0.03% FTSE +0.05% Dax +0.105 SMI -0.15%
Macro :
- Goldman Sachs Recommends Long on U.K. Domestic Stocks Into 2020
- November M&A Surge Pushes 2019’s Totals Nearer Last Year’s Mark
- JPMorgan Sees Global Economic Pick-up Spurring Mediocre Returns
Keep an eye on :
- ATL IM : Fitch Ratings Places Atlantia on Negative Watch
- ATL IM : Benetton Says Unfair to Blame Family for Bridge Collapse (1)
- AMBEA SS : Time to Buy Ambea as Profit Boost Looms, Dagens Industri Says
- BPB HM : Italy Weighs $1.1 Billion Rescue Plan for Pop. Bari: Repubblica
- BME SM : SIX Group Works With Santander, BBVA, Caixabank on BME Bid: Rtrs
- BMPS IM : Italy Approves $1.1 Billion Capital Hike for State-Owned AMCO
- COPN SW : Cosmo Signs Global Eleview Distribution Agreement With Medtronic
- CCAP GY : Corestate Places 121,000 Sqm Portfolio on Behalf of Client
- DAI GY : Nokia Submits Plan to Resolve Patent Fee Dispute: Reuters
- DLAR LN : Activist Fund Crystal Amber Set to Double Stake in De La Rue: FT
- DBK GY : Deutsche Bank Denies U.S. Is Widening Danske Investigation
- DIC GY : DIC Buys Cologne Building From South Korea’s Mirae for ~EU500m
- DIE BB : D’Ieteren Screening for Potential Acquisitions, CEO Tells L’Echo
- DSM NA : DSM CEO Sijbesma to Leave in 2020 After 13-Year Transformation
- ENEL IM : Enel Awarded 11.8GW in Italy’s Second Capacity Market Auction
- ENGI FP : Engie Said to Mull GRTgaz Stake Sale If Tariff Plan Won’t Change
- ERA FP : Eramet Gets Exploration Permits for Mineral Sands in Cameroon
- EXO IM : De Benedetti’s CIR Confirms Talks With Exor on GEDI Sale
- FCA IM : Fiat Chrysler Commits to $9 Billion U.S. Investment in UAW Deal
- GEDI IM : *GEDI SHARES SUSPENDED PENDING STATEMENT: ITALY EXCHANGE
- HAW GY : Hawesko Still Sees 2019 Sales Including ‘Wein & Co’ up 7%-9%
- INTU LN : Intu Properties Hires PwC to Help Fix Balance Sheet, Co. Says
- LHA GY : Lufthansa Faces Strikes in Labor Dispute Over Sale of LSG unit
- MRL SM : Merlin Properties Sells Portfolio of 26 Office Buildings
- OPUS SS : Opus Group Gets Cash Offer from Ograi at SEK7.75 Per Share
- ZAR GY : VW Might Sell Renk to Private Equity Investors, FAZ Reports
- ROG SW : Roche’s Satralizumab Cuts Relapse Risk in Combo With Therapy
- ESL LN : Tinkler to Appeal to Watchdog Over DBAY’s Eddie Stobart Bid: Sky
- TFI FP : TF1 Buys Final of Champions League From 2022-2024; No Terms
- UCG IM : UniCredit to Sell 9% Stake in Yapi Kredi to Koc, Ending JV
- VID SM : Vidrala Sells Belgium Business to Saverglass for 2 Euros
- VIV FP : Mediaset Says Talks With Vivendi Over Dutch Holding Plan Failed
- VOW3 GY : VW CEO Calls to Step Up Efficiency to Compete With Tesla