Asia equity markets are rising in the wake of a somewhat disappointing non-farm payrolls report out of the US on Friday. Outside of the delayed impact from US jobs data, Asia economic calendar was dominated by Services and Composite PMI figures. China Caixin Services saw a slight bounce to 52.1 from 51.7, and economists noted business activity driven by new project, stabilization in staffing, rising backlogs, and higher input prices. In Hong Kong, composite PMI came out in contraction for the 18th straight month, but that decline also narrowed. Here, economists noted less pressure on operating capacity and more slack in staffing, as employment declined for 8th straight month. While the worst of Hong Kong slowdown was seen as being over, economist still called for "sustained recovery (needing) to take place, which may be challenging given the relatively weak global economic environment." BOJ Gov Kuroda acknowledged that negative rates policy has had some side effects such as deterioration of bank profits, but also reiterated central bank's commitment to do utmost to achieve 2% inflation target and willingness to go deeper in the red on rates.
Nikkei +0.58% Hang Seng +1.61% CSI 0.19% Shanghai +0.17%
Eur$ 1.1179 CNH 6.6871 CNY 6.6763 JPY 103.36 GBP 1.3323 CHF 0.9786 RUB$64.9913 WTI$ 44.28 (+0.29%)
S&P +0.17% EuroStoxx +0.36% Dax +0.43% SMI +0.35%
Macro :
- G-20 Statement Said to Make Reference to Steel Market Glut
- Russia Needs to Cut Key Rate Much Faster Than Now: VTB’s Kostin
- OECD Says Central Banks Near Limits to Stimulate Growth: Reuters
- May Warns of ‘Difficulties Times Ahead’ for U.K. Economy
- With Nowhere to Go, This $64 Billion Asset Manager Bets on VIX
- Draghi Nears His QE3 as ECB Seen Relying on Ever-More Stimulus
- Nikkei India Aug. Composite PMI 54.6 vs 52.4 in July
Keep an eye on :
- AC FP : Accor Keen to Increase Presence in Japan, Myanmar, India: BT
- ADP FP : ADP Tariffs Approved by Regulator After Initial Rejection
- AF FP : Air France-KLM CEO to Present New Plan to Board Nov. 2: Tribune
- ATC NA : Altice Offers 8 Shares for 5 of SFR in Recommended Bid
- AZN LN : AstraZeneca’s Benralizumab Shows Positive Results in Asthma
- IF IM : Banca Ifis Is Considering Buying EU2b Bad Loans by Year End
- BAYN GY : Bayer Supervisory Bd May Discuss Higher Monsanto Bid Sep 14: RP
- BLT LN : BHP Billiton Says Higher Iron Ore Tax ‘Bad Policy’: AFR, May Says Still Deliberating on Hinkley, Hasn’t Decided Yet
- CABK SM : CaixaBank Mulls Pulling Banco BPI Bid, El Confidencial Reports
- CA FP : Carrefour Planning IPO of Brazil Unit for First Half 2017: Globo
- CO FP : Carrefour Planning IPO of Brazil Unit for First Half 2017: Globo
- EDF FP : EDF Says U.K. May Need to Take GBP6b Stake in Hinkley Point: FT (Sent Friday)
- EDF FP : Scottish Power CEO Says Hinkley Deal Too Expensive: S. Telegraph
- EDF FP : EDF, CGN May Receive More Than GBP100b Over 35Y for Hinkley: FT
- EAON GY : E.ON CEO Sees Turbulent Uniper IPO, Possible Writedowns: FAS
- EXOR IM : Exor Shareholders Approve Merger Into Dutch Holding Company
- FCA IM : Elkann Says Spoke With Samsung’s Lee on Marelli, Other Topics
- GKP LN : Capital Group Said to Provide $20m to Gulf Keystone: Telegraph
- ISP IM : Intesa Chairman Says Confident Monte Paschi Issue to Be Solved
- KPN NA : KPN Reports Disruption to Dutch Internet Service in Tweet
- LBTYA US : Liberty Media to Buy Formula One Stake: Auto, Motor und Sport
- MKS LN : M&S to Cut About 500 Jobs at London Head Office, Sky News Says
- MON US : Bayer Supervisory Bd May Discuss Higher Monsanto Bid Sep 14: RP
- NG/ LN : N.Grid gas network bid group lines up Balfour Beatty chairman to bolster approach as Borealis pulls out
- NOVN VX : Novartis Gets FDA Orphan Status for Dabrafenib And Trametinib
- NOVOB DC : Novo Nordisk FDA Extends Regulatory IDegLira Review by 3 Months
- ORA FP : Orange Plans to Start Bank in February, Les Echos Says
- PST IM : Italy Sale of 2nd Poste Italiane Stake May Be Delayed: Corriere
- RWE GY : RWE’s Atomic Risk Seen Longer by Paying by Installments: Spiegel
- SAN FP : Sanofi Seeks U.S. Funding in Race to Develop Vaccine for Zika
- SFR FP : Altice Offers 8 Shares for 5 of SFR in Recommended Bid
- SKY LN : CVC Plans GBP1.5b Listing for Sky Bet, Sunday Telegraph (20% own by SKY )
- SPW LN : Scottish Power CEO Says Hinkley Deal Too Expensive: S. Telegraph
- TEF SM : Telefonica Said to Plan Telxius IPO Filing as Soon as Monday
- TEF SM : Telefonica Eyes GBP10b Float of O2 Stake by Yr-End: Telegraph
- TFI FP : TF1 to Restore Profits Via Targeted Advertising, CEO Tells Echos
- TPZ SM : Telepizza 1H Revenue Rises 1% to EU165.6 Million
- UBER IPO : Uber Tried to Buy Lyft in 2014, CEO Kalanick Tells The Economist
- VOLVB SS : Volvo Plans to Start Self-Driving Tests in China Next Year
- VOW3 GY : VW Sued by Ex-Bentley Chief Over Patent Payout: Spiegel
- ZC FP : Zodiac Aerospace Says Operating Income to Miss Street Est.