Stocks jumped on Monday alongside China’s yuan and Treasury yields after the U.S. and China declared a truce in their trade war. Oil surged on optimism producers will address a glut in global supply.
Shares soared from Sydney to Shanghai and futures on U.S. and European benchmarks climbed more than 1.5 percent after Presidents Donald Trump and Xi Jinping agreed to hold off on the introduction of new tariffs and intensify trade talks. The Aussie and emerging-market currencies climbed against the dollar. Ten-year Treasury yields rose back above 3 percent.
The euro strengthened on news in Italian media that the government may accept a lower deficit target. Crude climbed following a Saudi Arabia-Russia agreement and plans for a supply cut from Canada’s Alberta province.
Macro :
- $80 Billion Locked in a ‘Golden Cage’ in Austria May Be Set Free
- U.S. Financial Markets to Shut Wednesday to Honor Bush (2)
- S&P 500 Expected to Remain Flat in 2019, Stifel’s Bannister Says
- Brexit Could Challenge Ireland’s Economic Recovery, S&P Says
- New York Hedge Fund Brenner West to Close: WSJ - https://on.wsj.com/2Qv7kG9
- Deutsche Bank Sees S&P 500 Rising to 3,250 Next Year on Growth
- S&P 500 Expected to Remain Flat in 2019, Stifel’s Bannister Says
Keep an eye on :
- AD NA : Ahold Delhaize could make buys to enter Germany, France, Italy
- AIR FP : As Bombardier Flails, Belfast Factory Seeks More Outside Work
- AF FP : Air France-KLM CEO Hasn’t Taken Decision on Joon Yet: Tourmag
- AIRN SW : Airopack Plans to Raise EU117M Via Rights Offering
- ASML NA : ASML Sees ‘Some Delay’ in ’19 Deliveries After Supplier Fire (1)
- AZN LN : AstraZeneca Sells Nexium and Vimovo Rights to Gruenenthal
- IF IM : Banca IFIS Tenders for EU300m 2% Notes Due 2023
- BAMI IM : Banco BPM Finalized Consumer Credit Reorg, To Explore Agos IPO
- BAS GY : BASF, CVC Said to Explore Forming Construction-Chemicals Giant
- BN FP : Danone Struggling to Sell Its Earthbound Farms Unit: NY PostBanca
- CRG IM : Carige tries to back out of Creditis sale to Chenavari
- ACA IM : Profamily sold to Agos Ducato by Banco BPM for EUR 310m; Agos Ducato to consider listing over next two years
- DIA SM : DIA Starts Process to Sell Max Descuento: El Confidencial
- DBK GY : Deutsche Bank Says No Board Members Were Formally Interrogated
- ENI IM : Eni Is in Talks to Grow Presence in Oman, UAE: Reuters
- EVK GY : Evonik methacrylates refresh bids due in December, sources say
- FME GY : NxStage/Fresenius Getting Renewed Questions From FTC: Cap Forum
- IMMO BB : Immobel Sells Cedet Building in Central Warsaw for EU129.5m
- BAER SW : Pictet Hires Middle East Wealth Mgmt Team From Julius Baer
- KARO SS : Karo Pharma Chairman Anders Lönner Dies
- SDF GY : K+S Sees EU15m Hit From Drought, Confirms Guidance
- MS IM : Mediaset Premium Concludes Sale of Unit R2 to Sky Italia
- NESN SW : Third Point Not Seeking to Replace Nestle Chairman, FT Reports
- ORA FP : Orange Sees EU500m in Net Banking Income by 2023 in Europe
- RYA LN : Spain Wants to Take Ryanair Hand Luggage Issue to EU: Cinco
- SAN SM : Santander Seeks Double-Digit Growth In Private Wealth Assets: FT
- SRP FP : Showroomprive Capital Increase Backed by Reference Shareholders
- SLHN SW : Swiss Life CEO Doesn’t See Capital Dilution Risk: FuW
- SLHN SW : Swiss Life looking for small to medium acquisitions
- SOBI SS : Sobi: L/T Elocta, Alprolix Studies Confirm Safety, Efficacy
- TRB LN : Nexstar Said to Buy Tribune Media in $4.1 Billion Deal: Reuters
- VAO GY : Vapiano Names Cornelius Everke CEO
- RIN FP : Vilmorin Signed Accord to Buy Sursem, Geneze: Agro News