Asian equity markets have opened generally higher, following Friday’s gains seen on the Nasdaq. n the tech sector, Sharp has gained over 2%, as the company raised its FY operating profit guidance. Shares of Softbank and Hitachi have traded higher by over 1%, while Nintendo is currently flat ahead of its later today earnings report. Samsung Electronics has gained over 1.5% ahead of its earnings presentation due on Oct 31st. Nasdaq Futures are trading at around flat levels. According to a press report out of Taiwan, Apple is said to have asked suppliers for the iPhone X to double their capacities amid stronger than expected demand. Nippon Steel has declined by over 1%, as Q2 profits missed market expectations. Kobe Steel, which is expected to release its earnings report later today, has gained over 1.5%. In China Baoshan Iron & Steel has declined by over 0.4% amid the release of its earnings report. Japanese industrial name Komatsu has traded higher by over 3% after the company reported better than expected Q2 profits and raised its FY guidance. Chinese rail equipment firm CRRC Corp has gained over 1% after reporting an increase in Q3 profits.
On tomorrow’s session, China’s October manufacturing and non-manufacturing PMI data is due to be released, along with the Bank of Japan’s policy statement and forecasts.
Nikkei +0.01% Hang Seng -0.11% CSI -0.47% Shanghai -0.87% Shenzen -1.75%
Eur$ 1.1615 CNH 6.6466 CNY 6.6461 JPY 113.70 GBP 1.3137 RUB 58.0172 CHF 0.9984 WTI$ 54.05 +0.24%
S&P -0.16% EuroStoxx -0.06% FTSE -0.35% Dax -0.10% SMI -0.24%
Macro :
- ECB’s Coeure Hopes Latest QE Extension ‘Will Be The Last’: JDD
- Germany May Run EU14B Budget Surplus This Year: Spiegel
- KKR’s Europe Head Huth Says France Economy Picking up: FT
Keep an eye on :
- AIR FP : Airbus’s Enders Will Seek to Complete Current CEO Term: Figaro
- AKZA NA : Akzo Confirms Talks With Axalta on Potential Merger
- AKZA NA : Akzo Nobel, Axalta Are Said to Consider Merger of Equals: WSJ
- AZA IM : Alitalia Administrators See Bids as ‘Disappointing’: Messaggero
- ALV GY : Allianz Investing Set to Low Interest Rates, Thallinger Tells BZ
- ALV GY : Allianz Seguros Moves Base to Madrid From Barcelona
- STS IM : Ansaldo STS: EU45m Payment Made to Storstockholms Lokaltrafik
- AAPL US : Apple China Shipments Rose 40% in 3Q: Canalys
- ARAMCO IPO : FCA May Back Down on Aramco’s 5% Listing Plan, Sunday Times Says
- AV/ LN : Aviva Is Said to Reconsider Bid for Friends First: Sunday Times
- AXTA US : Axalta Spikes; M&A Price Could Be $40/Share: Seaport Global
- DB1 GY : Deutsche Boerse Confident It Will Hire New CEO This Year: FAS
- DTE GY : Merkel Should Weigh Deutsche Telekom Asset Sale With Care: WamS
- EZJ LN : easyJet to acquire part of Air Berlin operations at Berlin Tegel Airport for EUR 40m
- FCA IM : Fiat Chrysler: Completion of Intermediaries’ Sale of Gedi Shrs
- GALP PL : Galp Third Quarter Adjusted Ebitda 2.1% Below Estimates
- GTO NA : Gemalto Heads Toward ‘Normalization,’ Upgrade to Buy: HSBC
- NOVN VX : Novartis Offers $3.9b Cash for Advanced Accelerator Applications
- RMS FP : Hermes Will Open New Production Sites in France, Create Jobs
- REE SM : Red Electrica Willing to Buy 57% of Hispasat: Expansion
- RB/ LN : Reckitt Could Unlock Value Via Breakup, Sale, Buyout: Bernstein
- RIB GY : RIB Software Boosts Full Year Ebitda Forecast
- SCVB SS : Scania Sees Strong Demand in Europe, Increased Demand in Brazil
- SIE GY : Siemens Is Said to Plan Cutting Travel Expenses by EU500m: HB
- UBS SW : UBS to move 250 London staff because of Brexit
- UCG IM : UniCredit Board May Decide on New Chairman Nov 8: Sole
- DG FP : VINCI Facilities evaluates numerous M&A opportunities in Germany
- VOW3 GY : Volkswagen Reducing Tax Bill Via Luxembourg Holding: Spiegel