Asian equity markets are modestly higher with limited participation, as China/Hong Kong indices are closed for holiday. Investors are digesting a fairly solid US jobs report on Friday that saw the change in non-farm payrolls beat, hourly wages recover from prior month's poor showing, and unemployment to tick up on a slight expansion in labor force. In Japan, more data from the BOJ's Tankan survey revealed corporates reducing their expectations for inflation with a 1-year time horizon to just 0.8% from 1.0%. Later in the session, PM Abe was reportedly preparing to outline the specifics of frontloading FY16 budget at a cabinet meeting tomorrow. Among notable developments in the M&A landscape, Sharp was up nearly 5% headed toward close after reports late on Friday that it reached an agreement with banks on loan terms as part of the Hon Hai bailout.
Nikkei -0.57% Hang Seng Closed Shanghai Closed
Eur$ 1.1391 CNH 6.4694 CNY 6.4818 JPY 111.40 GBP 1.4222 CHF 0.9589 RUB$ 68.2040 WTI$36.40(-1.10%)
S&P+0.12% EuroStoxx-0.25% Dax+0.20% SMI+0.15%
Macro :
Jobs Report Gives Yellen Only Half of What Fed Chair Wants
FT : IMF weighing exit from Greek bailout - http://on.ft.com/1Uzzqf7
Trump Sees U.S. Headed for ’Very Massive Recession’: Wash. Post
Copper Price Is Forecast to Weaken This Quarter, Barclays Says
Keep an eye on :
- ABI BB : S. African Regulator Seeks SAB/AB InBev Extension: Business Day
- ABG SM : Abengoa Sells Campo Palomas Wind Park in Uruguay
- ADP FP : Zurich Airport May Bid for Nice Airport: Schweiz am Sonntag
- AF FP : Servair sale sees Newrest emerge in poll - JDD
- ATLN VX : Actelion Says EMA Readopeted Positive Opinion on Uptravi in PAH
- AIR FP : Airbus Says U.K. Financing Requests Had Inaccuracies - FT : http://on.ft.com/1M89x3x
- AIR FP : Airbus Can’t Use Some U.K. Guarantees on ‘Inaccuracies’ (Friday)
- CRG IM : Apollo Targets Rescued Italian Banks With Carige Offer: Ansa
- EN FP : Orange Abandons Bid to Buy Bouygues’ Phone Unit
- EN FP : Bouygues Says Only Three Out of Four Players Wanted Deal: Figaro
- CNA LN : Centrica hires JPMorgan to advise on potential tie-up with Engie - Sunday Times
- FDSA LN : takeover target for US private equity house Advent International - FT
- DPW GY : Deutsche Post Plans 2,000 Streetscooter E-Cars in 2016: Focus
- ENGI FP : Centrica hires JPMorgan to advise on potential tie-up with Engie - Sunday Times
- ILD FP : Iliad Reiterates Targets as Orange Abandons Bouygues Bid
- KCR1V FH : Terex, Zoomlion Still in Active Talks: DealReporter
- LSE LN : Xavier Rolet: tie-up between LSE and Deutsche Boerse is best deal on the table http://bit.ly/1UB0DOL
- MS IM : Vivendi Said Near Deal to Buy Mediaset Premium Controlling Stake
- NG/ LN : National Grid accused of energy ‘panic’ over coal deals - FT
- ORA FP : French Telecom Regulator Sees Four Phone Operators for Some Time
- PHIA NA : Melrose Said to Drop Out of Bidding for Philips Lighting
- PST IM : Italy May Sell Additional Stake in Poste Italiane, Corriere Says
- RNO FP : Renault, Spanish Unions Reach Deal on Pay Rise: Economista
- SAN SM : Santander Planning to Cut Senior U.K. Staff, Sunday Times Says
- SIKA VX : Sika Shareholder Stern Says Burkard Family Has Options: Le Matin
- HOT US : Chinese Phrase Adds Mystery to Anbang’s About-Face on Starwood - NYT - http://nyti.ms/1UKLUB3
- TSLA US : Elon Musk Says 276,000 Pre-Orders for Model 3 as of Sat. Night
- TLW LN : Tullow Oil Extends Jubilee Field Shutdown to April 9
- VA US : Virgin America Sale Could Come as Early as Monday: Fox Business
- VA US : Alaska Air nears deal to buy Virgin America for over $2 billion: sources - Reuters http://reut.rs/222hSrl
- CSS FP : Vivarte could take a look at Bata - JDD
- VOW3 GY : VW’s U.S. Dealers Form Panel to Lead Negotiations: Auto News
- VOW3 GY : VW Says It Remains ‘Fully Committed’ to U.S. Market
- YHOO US : Time Inc Said to Consider PE Partner for Yahoo Bid: Reuters