US, UK, Swiss, Ireland, Australia, Hong Kong, Japan, New Zealand, Singapore, Canada are closed today.
Korea's Kospi the only major market open in the first trading session of the year; US and Europe remain closed in extended New Years holiday; FX majors also in extremely narrow ranges. China Dec official manufacturing PMI posts 5th straight expansion, though slower than expected; New export orders in expansion for 2nd straight month; Employment component remains in contraction at 48.9 v 49.2 m/m; Input prices at multi-month highs of 69.6 v 68.3 m/m. PBoC chief economist notes the new rules on cash transactions and overseas transfers are not capital controls after Chinese central bank increased controls on individuals' FX purchases to convert up to the equivalent of $50K. Recall late last week, PBoC also requested that banks report yuan trading over CNY50K vs CNY200K previously. Japan Coast Guard: Four China vessels entered into disputed waters near Senkaku islands.
2016 Yearly Performance
Dow +13.42% S&P +9.54% Nasdaq +7.50% Russell +19.48% Brazil +38.93% Mexico +6.20% EuroStoxx +0.70% FTSE +14.43% CAC +4.86% Dax+6.87% Ibex -2.01% MIB -10.20% SMI -6.78% Nikkei +0.42% Hang Seng +0.39% CSI -11.28% Shanghai -12.30%
Macro :
- China December Manufacturing PMI at 51.4; Est. 51.5
- U.K. Sets New Penalties for Enablers of Offshore Tax Evasion
- ECB to Start a Review of EU Banks’ Internal Models: Messaggero
- France Foiled 17 Attacks This Year, Prime Minister Tells JDD
- Einhorn’s Greenlight Fund Gains 9.4% in 2016
- Spain Wants Good Relations With U.K. to Continue, Rajoy Says
- Spain Bad Bank Sareb Exceeded EU1.5B in 2016 Institutional Sales
Keep an eye :
- AF FP : Air France-KLM Debt to Jump 2017 on New Accounting Rules: Echos
- AI FP : Air Liquide Completes Aqua Lung Sale to Montagu Private Equity
- AAPL US : Apple to Slice IPhone Production 10%, Calculations Show: Nikkei
- AAPL US : Apple Suppliers Fall After Report on IPhone Production Cut
- BMPS IM : Paschi Plans Bonds for Jan., Feb.; Weighs ‘Bad Bank,’ Sole Says
- BMW GY : BMW to Rely on Combustion Engines for Decade, Krueger Tells BZ
- BP IM : Banco Popolare Holders to Get 1 Banco BPM Share in Merger
- BP IM : Banco Popolare: Got Interest Expressions on 178,859 Shares
- BPM IM : Banco BPM to Hold First Board Meeting on Sunday: Messaggero
- COFA FP : Coface Gets Pretax EU75m Gain for French State Export Guarantees
- CON GY : Continental AG CEO Sees Jobs Endangered by E-Car Trend: WamS
- CSGN VX : Tanzania Says Seeking $300m Loan From Credit Suisse: Reuters
- FCC SM : FCC delisting offer to run from 30 December 2016 to 13 February 2017
- FDR FP : Fonciere Des Regions Invests EU270m in Spanish Hotels
- IAG LN : Iberia Prepares to Negotiate More Job Cuts, Cinco Dias Reports
- ITV LN : ITV Said Preparing for Exit of CEO Crozier, Finance Head: Sky
- LIN GY : Linde to drop out of bidding for Daesung Industrial Gases because of antitrust issue- thebell.co.kr
- LLOY LN : Lloyd’s May Pay Record $50m on Fisher Claim: Insurance Insider
- LUPE SS : Lundin CEO Says Lower Operational Cost Trend to Continue: DI
- MC FP : Hengdeli Holdings to sell two business units to its chairman for CNY 3.5bn (MC owns 5.97% of Hngdeli)
- MC FP : LVMH’s Biver Says Smartwatches Still in Their Infancy: Blick
- MMT FP : TF1 Audience Fell to 20.4% in 2016, M6 Rose to 10.2%: Le Figaro
- MKS LN : M&S to Lift Some Prices 15% After Supplier Rebellion: S. Times
- UG FP : French New Car Registrations Rose 5.8% in Dec., 5.1% for 2016
- RNO FP : French New Car Registrations Rose 5.8% in Dec., 5.1% for 2016
- SAN FP : Sanofi, Boehringer Ingelheim Confirm Closure of Swap on Jan 1
- SAN FP : Sanofi, Merck End Joint Vaccines Business in Europe
- UHR VX : Hengdeli Holdings to sell two business units to its chairman for CNY 3.5bn (UHR owns 9.16% of Hngdeli)
- TEL NO : Cevian Capital sees Telia and Telenor as suitable merger partners - Dagens Naeringsliv
- TELIA SS : Cevian Capital sees Telia and Telenor as suitable merger partners - Dagens Naeringsliv
- TSLA US : Elon Musk Says HW2 Autopilot Software Uploaded to 1k Cars Today
- TFI FP : TF1 Audience Fell to 20.4% in 2016, M6 Rose to 10.2%: Le Figaro
- VWS DC : Vestas Gets 67 MW Order and 29 MW Order in U.S.
- VOD LN : Liberty Global, Vodafone complete transaction to combine Dutch operations - Press Rel- http://bit.ly/2iG5mz6
- VIV FP : Vivendi Said to Seek Mediaset Board Seats Amid Fight for Control