Asian markets are lower to start the new week, with the latest round of PMIs out of China showing no improvement. The official manufacturing PMI missed expectations for breakeven, remaining on par with last month at 49.8, while the official Services PMI hit a 3-year low of 53.1. Stats Bureau economist said imports and exports will continue to face challenges due to sluggish global economic recovery and downward pressure for the domestic economy. Earlier, China Premier Li also added that the economy has a lot of room to grow but also took another step further from 7% GDP target, noting 6.5% growth helps China accomplish its targets. Japan final PMI slowed slightly relative to prelim figure but still hit a 1-year high at 52.4. Markit economist said operating conditions at Japanese manufacturers improved substantially at the start of the final quarter of 2015, and growth in production accelerated to the fastest since February. The findings would support the decision by the BOJ late last week to hold off on further policy easing, even with local press surveys showing companies are increasingly convinced that Japan will return to a technical recession with another contraction in GDP.
Nikkei-2.10% Hang Seng-0.88% Shanghai-1.06%
Eur$ 1.1027 CNY 6.34 JPY 120.41 GBP 1.5431 BRL 3.8558 RUB $63.8906 WTI $46.65 (-0.52%)
S&P -0.37% EuroStoxx-0.56% Dax -0.62% SMI -0.63%
Macro :
- Greek Banks Need Less Capital Than Expected: Germany’s Spahn
- China Factory Gauge Signals Contraction Continued a Third Month
- China Selling German Bonds to Aid Euro Zone Monetary Easing: FT
Keep an eye on :
- AIR FP : Boeing May Match Airbus on Single-Aisle Output of ~60/Mo.: Rtrs
- AIR FP : Airbus Delays Decision on A380 Modernization, Handelsblatt Says
- AF FP : Air France Has Drop in Reservations, Europe1 Reports
- ALPHA GA : Alpha Bank Has EU2.74b Total Capital Shortfall in ECB Test
- AMUPATE FP : Amundi IPO to Raise $1.8 Billion as Societe Generale Sells Stake
- BA/ LN : BAE Systems Takes 20% Equity Stake in Reaction Engines: WSJ
- BMW GY : Brilliance (1114 HK) -3.71%
- BNP FP : BNP CEO Says New Rules May Force Banks to Raise Capital: Figaro
- BN FP : Danone’s Cow & Gate Recalls Muesli Batch Sold in U.K., Ireland
- CBK GY : Commerzbank Says CEO Martin Blessing Won’t Extend Contract
- CBK GY : Commerzbank Mgmt Plans to Propose 20c Dividend for 2015
- DAI GY : Mercedes-Benz to Recall Some Imported S-Class Vehicles in China
- DSY FP : +ve artcile in Barrons http://bit.ly/1RnZKnE
- DLG GY : Dialog Reaffirms Unanimous Support for Atmel Acquisition
- EUROB GA : Eurobank Has EU2.12b Total Capital Shortfall in ECB Test
- GLEN LN : Glencore's CSA copper mine draws interest from Zijin
- HSBA LN : HSBC 3Q Pretax Beats Est.; May Delay Domicile Decision
- MC FP : Sephora Said to Plan Opening Stores in Iran in 2016: Reuters
- MKS LN : Marks & Spencer CEO looking for acquisitions but has yet to inform board; not interested in Jaeger
- PNL NA : PostNL 3Q Income Falls; Says on Track to Achieve FY 2015 Outlook
- RR/ LN : Rolls-Royce Shifts Work for Biggest-ever Order Back to Britain
- TPEIR GA : Piraeus Bank Has EU4.93b Total Capital Shortfall in ECB Test
- TIT IM : Italy Regulator Seeks Info on Niel-Telecom Italia: Ansa
- TEL NO : Telenor May Face New Hearing on VimpelCom and Uzbekistan: NRK
- VIV FP : Vivendi CEO Says Co. Didn’t Act in Concert With Niel: Corriere
- VIV FP : Vivendi Considers Raising Telecom Italia Stake to 24.9%: Figaro
- VOD LN : Vodafone U.K. Says Attempt Made to Access Some Customer Accounts
- VPK NA : Enters agreement to build industrial terminal in Saudi Arabia
- VOW3 GY : Volkswagen Expects to Recall Diesel Vehicles in China in 1Q 2016