Stocks across Asia kicked off the week with strong gains after soothing Federal Reserve comments and an easing of monetary policy in China stoked a renewed appetite for risk assets. The dollar fell to the lowest in more than two months against peers.
Shares in Japan led the charge, with advances also in Hong Kong, South Korea and Australia. U.S. futures climbed, signaling Friday’s rally in U.S. stocks could continue, and European futures also rose. Federal Reserve Chairman Jerome Powell said policy is flexible and officials are “listening carefully” to financial markets, while the People’s Bank of China cut the required reserves for banks.
Treasuries steadied after Friday’s slide that sent yields soaring back to 2.67 percent. Fresh talks between the U.S. and China on trade, and Powell’s remarks sapped demand for the dollar as the yen led gains in G-10 currencies.
Nikkei +2.44% Hang Seng +0.67% CSI +0.61% Shanghai +0.71% Shenzen +1.66%
Eur$ 1.1419 CNH 6.8530 CNY 6.8479 JPY 108.16 GBP 1.2745 CHF 0.9842 RUB 67.8436 TRY 5.3504 WTI$ 48.78 +1.71%
S&P +0.28% EuroStoxx +0.36% FTSE +0.14% Dax +0.53% SMI +0.27%
Macro :
- Macron Spoke With May on Brexit, Confirmed November Deal Backing
- Juncker Says EU Has Plans for Unemployment Insurance: Welt
- Italy Coalition Will Focus on Infrastructure Plans, Di Maio Says
- Goldman Sachs Asks What If Lebanon Is Forced to Restructure Debt
Keep an eye on :
- AD NA : Ahold Delhaize’s Stop & Shop To Buy King Kullen Grocery Co.
- AZA IM : Alitalia bidder FS likely to be given further month to prepare final offer, industrial plan
- AMRN US : Amarin Slides Post-Market After Soft 2019 Revenue Outlook
- BSLN SW : Basilea FY 2018 Total Revenue Up 31%, Exceeding Guidance
- BT/A LN : BT ramps up takeover defence with help from Goldman Sachs, Robey Warshaw - The Times
- CNA LN : Centrica Earnings Risks, Credit Metrics Prompt Cut at Jefferies
- CYAD BB : Celyad Epithink Trial on Hold to Focus on CYAD-01 Development
- CINE LN : Very Strong 2019 Film Slate Makes Cineworld Top Pick, RBC Says
- DASNSKE DC : Danske Mulls New Headhunter Amid Search for CEO: JP’s Finans
- DIA SM : DIA mandates Santander and BBVA to find buyer for Clarel
- EPO LN : Earthport Investors Argue They Can Do Better Than Visa’s Offer
- GE US : GE Options Active Amid Report Apollo Eyeing Jet-Leasing Unit
- GLPG NA : Galapagos Starts First Phase 1 Trial W/ Toledo Compound
- GLPG NA : Fibrocor & Galapagos Sign Partnership for Fibrosis Diseases
- IF IM : Ifis Sees About EU140m Profit in 2018, CEO Tells La Stampa
- INA PL : Caixa Geral Sells Stake in Inapa to Portuguese State for EU15.8m
- LDO IM : India May Charge AgustaWestland Deal Middleman for Info Leak: ET
- OR FP : Shiseido targeting US tech startups in beauty-related apps, health information data analysis
- MITRA BB : Mithra Sees New Perimenopause Potential Product Launch in 2023
- RADH SS : Radisson Board Evaluates Revised Offer From Jin Jiang
- RNO FP / 7201 JP : Key Nissan Executive Jose Munoz Taking Leave of Absence: WSJ
- RNO FP : Ghosn’s Lawyers to Speak to Press Tuesday at 3pm in Tokyo
- SHP LN : Takeda to Divest Assets in 2019 ‘for Sure,’ CEO Weber Says
- TRI FP : Trigano First Quarter Sales +6.1%
- UBSG SW : UBS Said in Talks With Meissner as Potential Ermotti Successor
- UBSG SW : UBS's Woes Run Deeper than Just One Leader: Elisa Martinuzzi