China official PMIs out over the weekend show continued improvement, with manufacturing in expansion for the 2nd straight month and services edging higher following last month's drop. China mainland markets are closed for the Golden Week holiday, though focus will fall on the property developers after regulators announced some fresh housing curbs - Chengdu and Zhengzhou banned people from buying a 3rd house, Beijing increased down-payments for first-time purchases to 35%. US financial press notes analysts speculate that OPEC production cut of 700K bpd is not large enough and will not happen quickly enough to address global supply glut; Oil prices fell about 0.5% in early electronic trade. After Friday's report that Deutsche is near a $5.4B settlement with US officials over mortgage bonds, a follow-up report on Sunday indicated that while DB is in continued talks with the DOJ, no deal has been presented to senior decision-makers for approvals by either side; Separately, German press reported top German corporates have voiced their support for DB and its integral importance in the economy.
Nikkei +0.88% Hang Seng +1.24% CSI closed Shanghai Closed
Eur$ 1.1231 CMH 6.676* CNY 6.6718 JPY 101.39 GBP 1.2933 CHF 0.9723 RUB $62.9019
S&P +0.03% EuroStoxx -0.15% Dax closed Ibex -0.05% SMI +0.25%
Macro :
- May Tells Sunday Times Brexit Legislation Coming in April or May
- Greek Banks Not at Risk From Turmoil in EU Banks: Stournaras
- China Factory Gauge Stable at Post-2014 High as Services Pick Up
- DAX Leaders Say Strong Deutsche Bank Vital for Germany: FAS
- Italy’s Padoan to Hold Meeting on Banks Tomorrow: Ansa
- ZEW’s Wambach Sees German Economic Boom at Risk From Complacency
- Colombians Reject Peace Accord in Stunning Defeat for Government
Keep an eye on :
- ABBN VX : Cevian Denies Report It Met Buyers for ABB Assets: SamS
- ABG SM : Abengoa 1H Net Loss EU3.7b on Bionergy, Brazil Charges
- AC FP : Kim Kardashian West Robbed At Gunpoint in Paris Hotel as Five Men Escape With Jewellery Worth Millions
- AIR FP : Airbus Sticking to Plane Delivery Targets, COO Tells Le Monde
- AZ IM : Alitalia Seen Posting About EU100m Quarterly Loss: Messaggero
- ALO FP : Alstom’s Belfort Plant Will Be Saved, French Prime Minister Says
- AMUN FP : Amundi, Poste Italiane Said Leading Bids for UniCredit’s Pioneer
- BT/ LN : BT Says Business Rate Increases May Push Up Phone Bills: Times
- CA FP : Carrefour Brazil Unit Said to Seek Up to BRL10b in IPO: Globo
- CU FP : Fosun’s Club Med to Build ‘Joyview’ Mid-Scale Resorts in China
- STZ US : Constellation Said to Consider $1b Sale of Canadian Wine: WSJ
- DBK GY : Deutsche Bank’s Woes Put $2 Trillion of Bonds Beyond ECB’s Reach
- DBK GY : Deutsche Bank to ‘Put Forward Defense in Court’ in Milan Probe
- DBK GY : Cryan Traveling to U.S. to Discuss Deutsche Bank Fine: FAZ
- DB1 GY : Euronext eyes EUR 400m bid for LSE LCH SA clearing house
- EDF FP : French State’s APE Says It Will Take EDF Dividend in Shares
- EI FP : Essilor Seeks EU400m-EU500m Internet Sales 2018: Echos
- RF FP : Eurazeo PME Invests EU54.9m in AssurCopro, Takes 50% Stake
- NXT FP : Euronext eyes EUR 400m bid for LSE LCH SA clearing house
- EVK GY : Evonik Eyeing Possible Divestments of Dow/DuPont, CEO Tells RP
- FB US : Facebook Testing Snapchat-Like ‘Stories’ Feature: Techcrunch
- GLPG NA : Galapagos Is ‘Definitely’ Considering Takeovers, CEO Tells FD
- GOOG US : Google to Reject EU Charges It Has a Monopoly, Telegraph Says
- KLM NA : China Airlines, KLM Plan to Intensify Collaboration: Telegraaf
- MAERSKB DC : Maersk Says Open to Acquisitions If Right Opportunity Comes Up
- NDA SS : Nordea Says FSA CET1 Ratio Requirement 17.3% by Sept. 30
- NOVN VX : Novartis Says Cosentyx Skin Clearance Maintained for 4 Years
- RI FP : Pernod Ricard Sells Frïs Vodka to Sazerac; No Terms
- PHIA NA : Philips Said to Be in Talks to Sell Lumileds to Apollo Global
- SAN FP : Regeneron/Sanofi Skin Drug Improved Itching, Added Data Show
- SIE GY : Siemens Overseers Urge Chairman to Hire More Executives: Spiegel
- TEF SM : O2 Plans to Sell Shrs to Retail Investors, CEO Tells Telegraph
- TSLA US : Tesla Delivers 24,500 Vehicles in 3Q
- TIT IM : Oi Restructuring Adviser PJT Partners to Give Up Role: Reuters
- TUI LN : TUIfly Labor Representatives Oppose Deal With Etihad: BamS
- TWTR US : Google Said to Tap Lazard to Review Potential Bid for Twitter
- UBI IM : ECB Forces UBI to Give Up Plan to Buy 3 Banks: Messaggero
- UBSG VX : UBS Picks 3 Trades for Asset Allocation From Bonds to Equities
- ZAL GY : Zalando Wants 5% of European Fashion Market: Boersen-Zeitung