Asian equity markets are less volatile and more mixed after yesterday's rally on perceived caution by the FOMC following Friday's non-farm payrolls data. The biggest macro ripple in the past 24 hours has been the announcement that Saudi Arabia and Russia have signed an agreement to cooperate on oil production, even though analysts remain skeptical that a production freeze could take place in the near term. Oct WTI crude oil had risen as high as $45.60's earlier, but retreated in late electronic trade. In FX, JPY strengthened after comments by PM Abe advisor Hamada calling for caution in terms of further BOJ policy easing, with USD/JPY falling about 30pips to 103.40. After a set of mixed commentary by BOJ Gov Kuroda overnight, acknowledging the pressure on financial sector from negative rates while reiterating commitment to achieving inflation target with more easing if needed, PM Abe's advisor Hamada said the central bank should wait until the Fed to decide on whether to expand its policy easing.
Nikkei +0.28% Hang Seng +0.38% CSI +0.45% Shanghai +0.42%
Eur$ 1.1148 CNH 6.6901 CNY 6.6807 JPY 103.60 GBP 1.3325 CHF 0.9804 RUB $64.7939 WTI$45.36 (+2.07%)
S&P +0.06% EuroStoxx +0.20% Dax +0.15% SMI +0.10%
Macro :
- EU Plans Legislation by Year-End on Market-Risk, Leverage Rules
- Nouy Says Banks Must Rethink Business Models for Profitability
Keep an eye on :
- ABBN VX : Cevian Still Wants to Spin Off ABB’s Power Grids Unit, TT Says
- AIR FP : Vietnam Air Signs Deal to Buy 20 Airbus Planes at $3.25b: Minh
- AIR FP : Airbus CEO Confirms 2016 Delivery, Order Targets: Les Echos
- BALSN SW : Basilea Starts Phase 1/2a Study With Oncology Drug Candidate
- BAYN GY : Bayer Sweetens Monsanto Bid Again as Takeover Talks Advance, by 2% to $127.5 per share
- EN FP : Bouygues Files Complaint Vs Orange, Free, L’Express Reports
- ACA FP : Credit Agricole CEO Asks for 5-Year Halt on Capital Rule Revamp
- DTE GY : Deutsche Telekom Reviews East European, Greek Ops: Handelsblatt
- GLPG NA : Galapagos Gets Orphan Drug Designation in EU for GLPG1690
- ING FP : Ingenico Lowers 2016 Targets on U.S. Market, Brazil
- NESN VX : Nespresso Accelerates Expansion of Coffee Boutiques Across U.K.
- SOLB BB : Solvay Starts Up a New Hydrogen Peroxide Plant in China
- SYNN VX : Chemchina Extends Public Tender Offers for Syngenta Until Nov. 8
- UCG IM : UniCredit Raised at HSBC on Better Earns Momentum, Restructuring
- VOW3 GY : Volkswagen Said to Near Deal to Take 19.9% Stake in Navistar:WSJ