Asian markets opened mostly higher after strong US employment data on Friday. Commodity names especially seeing strength in Australia. Quotes on China rebar reach a 4-yr high after a report said that Hebei Province will curb steel production during the winter (Hebei province is China largest iron and steel producer). According to Citi, winter steel curbs could cut daily production by 8%. US Army to no longer use drones made by China based SZ DJI Technology Co, citing ‘cyber vulnerabilities’
Nikkei +0.52% Hang Seng +0.43% CSI +0.45% Shanghai +0.32% Shenzen +0.60%
Eur$ 1.1789 CNH 6.7281 CNY 6.7208 JPY 110.70 GBP 1.3056 CHF 0.9720 RUB 60.0014 WTI$49.44 -0.28%
S&P +0.17% EuroStoxx +0.12% FTSE +0.20% Dax +0.10% SMI +0.14%
Macro:
- Venezuela Guard Surrounds Prosecutor’s Office Before Ouster Vote
- Iran’s Rouhani Sworn In for New Term, Commits to Nuclear Deal
- Britain to Offer EU GBP36 Billion for Brexit Bill: Telegraph
- Temasek Targets German Companies as Stake Candidates: Welt
Keep an eye on :
- ABE SM : Abertis Raises Claim For AP-7 to EU1.62 Billion, Europa Says
- AREVA FP : Kuwait PIA Sells 4.8% Areva Stake to France for $97.7m: KUNA
- POP SM : Popular Shareholders Challenge Resolution Decision: Expansion
- BATS LN : BAT Is Said to Prepare to Raise $25b in Bond Market: S. Times
- BPM PL : Banco BPM Second Quarter Revenue Beats Estimates, Banco BPM Agrees to Sell Asset Mgmt Unit to Anima for EU700M
- BA/ LN : 3 Marines Missing After Osprey Aircraft Crashes Off Australian Coast
- DTE GY : Sprint Is Said to Resume Preliminary Talks on T-Mobile Merger
- EDPR PL : EDP raises EDPR holding to 82.6% for EUR 296m in takeover offer
- EROS US : Eros Said in Talks to Sell Content Library to Apple for $1B: ET
- FRE GY : Fresenius Medical to Buy NxStage Medical for About $2bln,
- ZIL2 GY : ElringKlinger Second Quarter Ebit Misses Estimates Fresenius Medical Says NxStage Deal to Lift Net 3 Yrs From Close
- GLEN LN : Glencore approached by bankers offering to finance offer for Bunge
- IBM US : Berkshire Filing Shows Further Reduction in Buffett’s IBM Stake
- KINVB SS : Kinnevik Says Deputy Chairman Anders Borg Steps Down From Board
- LIN GY : Linde Forms Holding Company for Merger With Praxair: Welt
- MONI LN : Fiserv to Buy Monitise After Agreeing on Final Offer of 3.1p/Shr
- PPB LN : Paddy Power Betfair Says Jackson to Succeed Corcoran as CEO
- PNL NA : PostNL Second Quarter Underlying Cash Operating Income EU46 Mln
- RNO FP : Renault to Finalize Venture to Raise Car Production in Iran: AFP
- SPM IM : Saipem Is Said to Get $800m Contract in Oman: Ansa
- SBRY LN : Sainsbury May Cut Over 1,000 Jobs in Cost Cutting: Telegraph
- SGL GY : SGL Carbon Mulls Full Ownership of BMW Carbon Fiber JV: Euro
- SIE GY : Siemens to Build Two Tech Centers in Chengdu, China: Xinhua
- SNH GY : Steinhoff Africa Retail enters option agreement with Shoprite
- STM FP : STMicro Expects to Reach High End of 2017 Growth Goal: Investir
- TXT US : 3 Marines Missing After Osprey Aircraft Crashes Off Australian Coast
- TIT IM : Telecom Italia BoD issues response to Italian security regulator; says issue of whether Vivendi controls company not addressed at 27 July meeting
- TIT IM : Italy Regulator Reviewing Telecom Italia-Canal Plus Tie-Up: Sole
- UBER IPO : SoftBank Talks Were Said to Value Uber at $45b: The Information
- UCB BB : UCB Granted FDA Orphan Drug Status for Seletalisib
- VIV FP : Vivendi agrees to place bulk of 29.9% stake in Mediaset into blind trust
- VIV FP : Vivendi Must Declare If It Fully Controls Telecom Italia: Sole