Asian equity markets push higher at mid-day after a subdued opening as stronger data and sentiment lend support to the region. Japan data was a bit stronger with household spending and industrial production coming in ahead of expectations while unemployment was inline. Markets continue to expect Japan to delay its sales tax hike until 2019, Japan Fin Min Aso said that the government and ruling parties are currently talking about sales tax and reiterated that PM Abe will make decision on sales tax when the time is right. Japan Opposition has submitted a no-confidence motion against PM Abe, though it is not expected to get anywhere. China markets remained strong into their break with the PBoC setting a weaker setting on the yuan. China officials reiterated their push towards open policy and reforms for currency. Hong Kong is looking into a better IPO review system in order to grow their pipeline. Chinese Stocks wer also helped by GS that said it was likely the nation’s shares would be included in MSCI Inc.’s global benchmark indexes.
Nikkei +0.96% Hang Seng +1.25% CSI +2.91% Shanghai +2.76%
Eur$ 1.1132 CNH 6.5901 CNY 6.5838 JPY 111.25 GBP 1.4672 CHF 0.9927 RUB 65.7659 WTI$ 49.66(+0.67%)
S&P +0.21% EuroStoxx +0.20% Dax +0.20% SMI -0.05%
Macro :
- Brexit Scenario Already Priced in European Stocks, Barclays Says
- Goldman Sees 70% Chance of China Shares Joining MSCI in June
- MSCI Optimism Revives China Stocks With Biggest Gain Since March
Keep an eye on :
- AIR FP : Airbus May Need to Go Beyond 60/Mo. Rate on Single Aisles: Leahy
- AIR FP : Airbus Leahy Says A350-1000 Stretch Would Cost Several Bln Euros
- AF FP : Air France in Talks With HNA for Sale of 49.99% of Servair
- ARYN VX : Aryzta Says 3Q Confirms Improving Trend, Reiterates EPS Guidance
- AM FP : Dassault Aviation Faces Tough Year in Business Aviation : Echos
- DL NA : Delta Lloyd Seeks to Sell Van Lanschot Stake at EU15-EU18/Share
- DBK GY : Deutsche Bank Said to Be Probed on U.S. Treasury Auction: NYP
- EDF FP : EDF’s Dalkia to Buy 24% Stake in Tiru From Veolia: Echos
- FCC SM : Slim’s Carso Buys 194,265 FCC Shares for EU7,6: Filing
- FDPA FP : Assurances Credit Mutuel Backs Eurosic Bid for Fonciere de Paris
- KU2 GY : EU’s Oettinger Opposes Chinese Bid for Kuka: FAZ
- KU2 GY : Siemens Said Interested in Robots But Not Kuka Bid: Handelsblatt
- LDI IM : Leonardo-Finmeccanica Hopes for Shared Solution in India Case
- MC FP : LVMH Names Fabio D’Angelantonio CEO of Loro Piana Brand
- NESN VX : Nestle Buys Rights to Milk-Allergy Test From French Company DBV
- RI FP : Pernod Ricard Says China Sales Still in Decline in 2016
- PNL NA : Bpost might try again; Royal Mail, La Poste and Deutsche Post could be interested too - Press
- UG FP : Peugeot Family Said to Hold Informal Talks With Govt: Reuters
- ROG VX : Roche Says EC Approves SC Formulation of MabThera
- RWE GY : Germany Said to Shut Nuclear Liability Loophole, Reuters Says
- SIE GY : Siemens Said Interested in Robots But Not Kuka Bid: Handelsblatt
- STR AV : Strabag Drops to EU117m 1Q Loss; Sees ‘Stable’ FY Output Volume
- TNET BB : Orange Belgium, Telenet Conclude Terms for Ending MVNO Accord
- TNTE NA : Fedex Holds 91.33% of TNT as of May 18, Regulatory Filing Shows
- UCB BB : UCB’s Briviact Epilepsy Treatment Is Now Available in the U.S.
- LANS NA : Delta Lloyd Seeks to Sell Van Lanschot Stake at EU15-EU18/Share
- VIE FP : EDF’s Dalkia to Buy 24% Stake in Tiru From Veolia: Echos
- DG FP : Vinci JV Signs EU3.4b Contracts for Denmark-Germany Tunnel Link