Stocks were mainly higher across Asia along with U.S. and European equity futures after the latest policy move by China’s central bank to support its economy.
Activity is picking up as most global markets reopen from holiday closures, though Japanese equities remain shut for the remainder of this week. Equity indexes in Hong Kong and China advanced more than 1%, though the yuan showed little reaction, after the People’s Bank of China said it will increase the supply of cheap funding to banks, in line with market expectations. Australian shares posted modest gains, while South Korea declined. Oil edged higher. The Thai baht tumbled.
Nikkei Closed Hang Seng +1.08% CSI +1.32% Shanghai +1.11% Shenzen +1.86%
Eur$ 1.1209 CNH 6.9614 CNY 6.9642 JPY 108.72 GBP 1.3220 CHF 0.9701 RUB 62.1476 TRY 5.9543 WTI$ 61.24 +0.29%
S&P +0.29% EuroStoxx +0.56% FTSE +0.41% Dax-0.15%
Macro :
- *STOXX 600 CLOSES 2019 WITH GAIN OF 23%, BEST YEAR SINCE 2009
- China Tech Inc. Straps in for More Turbulence After a Wild 2019
- Einhorn’s Greenlight Gains 14% for Year After Dip in December
- Tourists Told to Flee as Australia Wildfire Danger Escalates
- ETF Inflows Reach $332 Billion for U.S.-Listed Funds in 2019
- China Suspends Shanghai-London Stock Plans, Reuters Reports
Keep an eye on :
- AIR FP : Airbus Exceeds 2019 Target With 863 Deliveries: Reuters
- APR FP : CVC’s Andromeda Acquired 10.8% Stake in French Insurer April
- ATL IM : Italian Law Tweaking Contentious Road Licenses Enters Into Force
- ATMA LN : Diamond’s Plan to Scale Down in Africa Hits Snag as Talks Waver
- EBK GY : EnBW Shuts Down Philippsburg Nuclear Reactor KKP2 for Good
- IPH FP : Innate Pharma Files Lumoxiti Market Approval Request With EMA
- LHA GY : Trade Union Suspends Strike at Lufthansa’s Germanwings: Reuters
- MC FP : Warren Buffett Rejected Tiffany Approach for Takeover Deal: FT
- MCP PL : Cofina Says Media Capital Deal Still Needs ERC Authorization
- RNO FP : Tokyo Court Grants Request to Revoke Ghosn’s Bail: Kyodo (1)
- RNO FP : French Dec. New Car Registrations Rise 28%: CCFA
- RNO FP : Ghosn-Less Renault and Nissan Were the Worst Car Stocks of 2019
- SLIGR NA : Sligro Full Year Organic Sales -0.9%
- TAST LN : Tasty Sees Earnings in Line With Expectations
- TSLA US : NHTSA to Inspect Crash Scene That Involved Tesla Model S in L.A.
- TSLA US : Tesla’s Massive Month of Dutch Demand Buoys Model 3 Deliveries