US Market was closed on friday after a strong close on thu., Trading on the Asian bourses was slower than usual following a US market holiday. Japan retailers were one of the more heavily traded sectors after the main retailers posted quarterly results last week. Aeon declined 4.5% by the mid-day break due to weak Q1 results. Familymart was the top performer rising 4% after it was announced Itochu increased its stake in the company, At the quarterly Branch Managers meeting BOJ Gov Kuroda reiterated the view that the domestic economy is recovering moderately as a trend and will maintain easing as long as necessary to achieve its 2 percent inflation target. He also added that the y/y rise in the core inflation is likely to be around 1.25% for some time., China property developers traded higher for the second consecutive days. China Vanke rallied over 7% over two trading days, after releasing Jun sales results last week.
Nikkei -0.24% Hang Seng -0.19% Shanghai -0.25%
Eur$ 1.3582 S&P -0.06% EuroStoxx Unch FTSE -0.01% Dax -0.02% SMI -0.11%
Macro :
- HSBC Upgrades Emerging Markets Stocks, Downgrades Developed Mkts
- Goldman Shifts Fed Rate Hike Forecast to Q3 2015 from Q1 2016
- Premier Li Says China 2Q Economic Performance Improved From 1Q
- Barclays Cuts Japan Q2 GDP Forecast to Annualized -7.3% Q/Q
- Lagarde Signals IMF to Cut Growth Forecast Even as U.S. Economy Rebounds
- China’s Central Bank Wades Into Fiscal Waters as Li Seeks to Spur Growth
- Alibaba-Backed Kuaidi Challenges Uber in China With Audi, BMW Luxury Cars
Keep an eye on :
- AF FP : Air France-KLM to put cargo division, including Martinair, up for sale
- AIR1 GY : Air Berlin, Etihad Deal to Get European Approval: Focus
- AIR FP : Airbus Said to Sell 100 Helicopters to Chinese Cos.: Reuters
- AIR FP : Airbus Sees ‘Good Commercial Dynamic’ at Farnborough: Lahoud
- AIR FP : Strategy chief: not decided yet if Airbus will formally launch A330neo at the Farnborough Air Show this month, but confident about the number of orders we will get at the show - press - The A330neo is an update version of the A330, which is now a 20 year old design - Farnborough to take place from 14th to 20th.
- BES PL : ESFG Proposes Vitor Bento to Be Banco Espirito Santo CEO
- BLNX LN : Blinkx the subject of bid speculation
- EN FP : Orange could study again Bouygues telco if invited - Le Figaro
- CU FP : Caisse des Depots Hasn’t Been Asked to Join Club Med Bid: CEO
- EDF FP : France, EDF Discuss Pace of Electricity-Price Increase: Parisien
- EDF FP : EDF in Talks With China Over U.K. Nuclear Site Sale: S. Times
- ENG SM : Enagas Estimates EU120M Annual Revenue Impact From Gas Reform
- ENL IM : Enel Hires BNP and Deutsche Bank for Slovakia Asset Sale: Sole
- Formula One : Ecclestone Preps Bid for Formula 1 as CVC Looks to Sell: Express
- GBL BB : Groupe Bruxelles Lambert Adj. NAV EU102.52/Shr on July 4
- GOW SM : Gowex to File for Insolvency as CEO Resigns on Fake Accounts
- HEN3 GY : Henkel would not rule out large buys, no share buyback on the agenda - Euro am Sonntag
- III LN : 3i Said to Plan $1.4 Billion Sale of Finnish Company Eltel
- MS IM : Telefonica to Buy 11.1% of Mediaset Italian Pay-TV Unit
- ORA FP : France’s Phone Company Orange to Test German Market Entry: WiWo, interested i n Spanish Acquisitions
- ORA FP : Richard Says Orange Ready to Participate in French Consolidation
- LG FP : Lafarge, Holcim Announce List of Proposed Asset Disposals
- LHA GY : Lufthansa Plans Venture With Air China to Expand in Asia: FAZ
- MC FP : Apple hires exec from luxury watch maker Tag Heuer ahead of expect launch of iWatch later this year - tech blogs - Has hired Patrick Pruniaux, VP for sales at Tag Heuer, a unit of LVMH. His exact role at Apple has not been announced.
- MS IM : Mediaset Espana Considers Share Buyback Alternatives: Filing
- MTC LN : Destination Maternity working on fresh bid for Mothercare; shareholders Allianz and Fidelity support board’s rejection of offer
- NOVN VX :3,900 Novartis Staff in Switzerland Hit by Restructuring: SamS
- PTC PL : Portugal Telecom to Have 8 Percent Less Shares in Oi: Folha Link
- SAN FP : Sanofi Says Currency Hurt 2Q Business EPS by 8-10 Pct Points
- SGO FP : Saint-Gobain CEO Says French Housing Figures Are Worrying
- SHP LN : AbbVie May Still Raise Bid for Shire, Investor Tells Telegraph
- SHP LN : AbbVie head of research to visit UK next week to push case for Shire takeover bid
- SIE GY : Siemens interested in pursuing deals to take advantage of bullish prospects in naturall gas sector.
- TEF SM : Telefonica to pay EUR 295m for Mediaset's 22% stake in DTS
- TEL2B SS : Tele2 Doesn’t Plan on Entering New Countries, CEO Says
- TIT IM : Telecom Italia chairman dismisses claims that Italian govt plans to ban company from selling Tim Brasil, TIT Lost 4% on this news Friday - finish the day -1,47%
- UCG IM : Unicredit’s HVB Wants EU500m From DAB Bank Sale: Handelsblatt
- YAR NO : +ve article in the BArron's
- VIV FP : Spotify Is Preparing Share Sale for 2015, Valued at $10b: Focus
- VOW3 GY : Volkswagen Has Permit for 2 More China Production Sites: Reuters
- WIHL SS : Wihlborgs 2Q Net Income Falls to SEK39m From SEK352m Y/y