Chinese shares led gains in Asian equities as mainland markets played catchup after a holiday break. Most other Asian benchmarks also rose following softer-than-expected US payroll data Friday that revived bets on Federal Reserve interest-rate cuts. The CSI 300 Index jumped as much as 1.8% after being closed from last Wednesday through Friday. The MSCI Asia Pacific Index advanced for a third day, while US stock futures also ticked higher. The gains came after US shares rallied Friday as the jobs data backed the view that the economy is slowing enough to allow the Fed to start easing policy as early as September. The yen weakened against all its Group-of-10 peers, weighed down by Japan’s wide interest-rate spread with the US. Japanese financial markets are shut for a holiday, meaning there is no trading of cash Treasuries until the London open. While the US data boosted optimism over potential Fed policy easing, European policy makers appear likely to lower borrowing costs before their US counterparts. European Central Bank Chief Economist Philip Lane said recent data have made him more certain that inflation is returning to the 2% goal, according to an interview with Spanish newspaper El Confidencial, raising the likelihood a first interest-rate cut in June. Central bankers including France’s Francois Villeroy De Galhau, Bundesbank President Joachim Nagel and Swiss National Bank President Thomas Jordan are due to speak at a Bank for International Settlements conference later Monday. President Xi Jinping arrived in France to begin talks aimed at stabilizing China’s relationship, as he tries to perform damage limitation on trade ties with the key bloc. Traders will also be mindful of a swath of central bank meetings this week, led by a likely hawkish Reserve Bank of Australia on Tuesday following stronger-than-expected inflation data last month. Chinese activity data as well as inflation readings in key emerging markets are also due. On the commodities front, oil rose after Israel closed the Kerem Shalom humanitarian crossing into Gaza on Sunday following a rocket barrage fired by Hamas, in an incident that may derail weeks-long delicate hostage and cease-fire negotiations. Saudi Arabia lifted the price it sells crude to Asia as it attempts to tighten the oil market.
Nikkei -0.10% Hang Seng -0.15% CSI +1.26% Shanghai +0.86% Shenzen +1.74%
Eur$ 1.0765 CNH 7.2167 CNY 7.2137 JPY 153.87 GBP 1.2547 CHF 0.9060 RUB 91.4750 TRY 32.3391 WTI$ 78.38 +0.35% Gold 2,310 +0.35% BTC 64,100 +0.56% ETH 3,142 +0.15%
S&P +0.06% Nasdaq -0.04% EuroStoxx +0.29% FTSE +0.43% Dax +0.29% SMI +0.18%
Macro :
- Ex-Merrill Lynch Banker Named in Hong Kong Insider-Dealing Case
- Bondholders Plan to Push Ukraine to Resume Repaying Debt: WSJ
- China’s Stocks Rally Is Becoming Harder to Ignore: Macro View
Keep an eye on :
Keep an eye on :
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- ATO FP : Atos Receives Four Offers to Rescue the Business
- ATO FP : Atos Gets Offers From Creditors, Bain, Kretinsky, Onepoint
- BAKKA NO : Bakkafrost 1Q Operating Ebit Beats Estimates
- BAVA DC : Vaccine Partners Turn Rivals With First Shot for Advancing Virus
- BNP FP : BNP Weighing Up to 150 Job Cuts in Geneva to Slash Costs
- BA US : Boeing Wins $460.6 Million U.S. Missile Defense Agency Contract
- DTG GY : UAW Members Ratify Contract at Daimler Truck
- DHL GY : Deutsche Post Intends to Withdraw 39 Million Treasury Shares
- DEMANT DC : Demant Maintains FY Ebit Forecast
- DOCM SW : DocMorris Kicks Off Tender Offer for Convertible Bonds Due 2025
- ESLT IT : Elbit Wins $37M Contract to Upgrade US Army Infantry Vehicles
- ERICB SS : Ericsson Chairman Says European Market ‘Needs Consolidation’
- EQT SS : EQT to Buy Technology Consultant Perficient in $3 Billion Deal
- ETL FP : Eutelsat Analyzing Options for Partnership in Ground Network
- FER SM : Ferrovial Completes US Regulatory Process for Nasdaq Listing
- FTK GY : FlatexDEGIRO Holder Seeks to Dismiss Chair of Supervisory Board
- GM US : *GM-BACKED SELF-DRIVING FIRM MOMENTA SAID TO FILE FOR IPO IN US
- HOT GY : Cimic’s Leighton Asia Gets Hospital Expansion Project in HK
- 2317 TT : IPhone Maker Hon Hai Hits a Record High Buoyed by AI, Apple
- HYQ GY : Hypoport 1Q EPS EU0.45
- ICG LN : ICG Closes A$270m Private Credit Loan For Hospital Acquisition
- IDR SM : Indra Sees FY Ebit Above EU400M, Est. EU402.3M
- MAU FP : Maurel & Prom Gets OFAC Specific License For Venezuela Ops
- MITRA BB : Mithra in Exclusive Talks With Gedeon Richter
- NWG LN : UK Nears Finalizing Plan for NatWest Share Sale, Sky Reports
- NESN SW : Nestle Workers Decide to Strike Over Pension Plan, Unifor Says
- PRFT US : Perficient to Be Acquired by EQT for $76/Share in Cash
- POLy LN : Polymetal 1Q Revenue $294M Vs. $234M Y/y
- PNL NA : PostNL 1Q Revenue EU765M Vs. EU783M Y/y
- RDW LN : Thames Water causes Redrow legal stink over damaged sewer
- ROVI SM : KKR, PAI AMONG POTENTIAL BIDDERS FOR ROVI'S CDMO OPS: EXPANSION
- IDS LN : Royal Mail bidder pledges to prevent job cuts if he takes charge
- SAB SM : Sabadell Said to Favor Opening Talks With BBVA About Takeover
- SAB SM : Sabadell Board to Meet Today to Study BBVA Proposal: Vanguardia
- SHEL LN : Shell sold millions of ‘phantom’ carbon credits
- SLR SM : Solaria Buys 435MW of Photo-Voltaic Modules at €0.0911/Watt
- STAN LN : StanChart Raises Over $1b Under Suite of Signature CIO Funds
- STR AV : Germany Starts Sanctions Review of Strabag Share Deal in Russia
- TSLA US : Musk Says Seeking Approval to Expand Range for Some Model Y Cars
- TSLA US : Tesla pushes to legalise driverless cars in UK
- TOD IM : Tod’s to Be Delisted as Group Reaches More Than 90% Total Stake
- TOD IM : Tod’s to Be Delisted as Group Reaches More Than 90% Total Stake
- TTE FP : French Prosecutors Probe TotalEnergies Over Mozambique Attack
- UBSG SW : Credit Suisse CEO Koerner to Leave UBS in Coming Weeks, FT Says
- VAR NO : ConocoPhillips Says First Oil Produced on Eldfisk North
- VLA FP : Vaccine Partners Turn Rivals With First Shot for Advancing Virus
- WSU GY : Washtec 1Q Ebit EU5.1M