Asian stocks rebounded and U.S. futures edged up as investors dialed back concerns about a further deterioration in the security situation in the Middle East.
Treasuries and the yen held losses from Monday, when demand for havens ebbed in the New York trading session. While bellicose rhetoric continues in the wake of the U.S. killing of a top Iranian military leader, expectations for improved growth and earnings offer support for risk assets. Equity benchmarks rose more than 1% in Tokyo and Sydney, and advanced in Seoul and Hong Kong. Shanghai saw more modest gains. Asian currencies climbed, with the yuan hitting a five-month high. Oil extended losses.
“Although the risk of escalation and asymmetric response to last Friday’s U.S. airstrike persists, market participants seem to be assigning a lower likelihood of direct violent confrontation,” Citigroup Inc. strategists including Johanna Chua wrote in a note.
US After Hours CNXN +5% on joining S&P SmallCap 600, MCHP and IDCC both had bullish rev guidance
Nikkei +1.47% Hang Seng +0.50% CSI +0.45% Shanghai +0.36% Shenzen +0.79%
Eur$ 1.1193 CNH 6.9515 CNY 6,9542 JPY 108.50 GBP 1.3172 CHF 0.9692 WTI $ 62.57 -1.10%
S&P +0.26% EuroStoxx +0.53% FTSE +0.61% Dax +0.62%
Macro :
- Byron Wien Predicts S&P 500 Will Surpass 3,500 as Fed Cuts Rates
- Bolton Would Testify If Subpoenaed in Trump Impeachment
- Norway Seafood Exports Climb to Record NOK107.3B for 2019
Keep an eye on :
- AIR FP : BOC Aviation Agrees to Buy 20 Airbus A320NEO Family Aircraft
- AIR FP : Boeing to Suspend 737 Max Production in Mid-January
- AI FP : Air Liquide Sees Currency Impact on 4Q Revenue Around +1.5%
- AVAP LN : Avation said it’s in preliminary talks about a potential sale - Daily Mail
- BOBNN SW : Bobst, Cito-System in Exclusive Talks on Majority Participation
- DAE SW : Datwyler Nominates Scherz as CFO, Succeeding Welte on April 1
- DAI GY : Daimler Goes Hollywood With ‘Avatar-Inspired’ Cyborg Concept Car
- EPR NO : Europris CEO Pal Wibe Resigns to Become CEO of XXL
- EQNR NO : Oil Giant Reveals Survival Tactics in Age of Climate Anxiety
- FCAU IM : Fiat Chrysler to Idle Ontario Minivan Plant Week of Jan. 20
- FUR NA : Fugro Says Tasik Toba Awarded $26.8m in Southern Star Dispute
- HSX LN : Hiscox Names James Millard as Chief Investment Officer
- KN FP : PJ Solomon Poaches Moelis Financial Services Banker Nate Stulman
- OMV AV: OMV, Romgaz May Bid Jointly for Exxon’s Black Sea Gas Project
- ALPHA FP : Pharnext Says Charcot-Marie-Tooth Disease Drug Study Encouraging
- PHIA NA : Philips Drops Patent Suit Against QVC Over Smokeless Grill
- POM FP : Plastic Omnium Targets Ebitda Growth Through 2022
- RNO FP : Nissan Goes on Offensive as Carlos Ghosn Prepares to Strike Back
- SIE GY : Greta’s Activists Ask Siemens to Drop Australia Coal Deal: Welt
- SO FP : Somfy Overhauls Company Organization and Executive Committee
- SRAIL SW : Stadler Rail Gets U.S. Maintenance Contract Worth $112m (Jan. 6)
- STLN SW : *SCHMOLZ: BIGPOINT BUYS STAKE OF S+B BETEILIGUNGS GMBH IN S+B
- GLE FP : SocGen’s Oudea Calls for Creation of Europe Bank Champions: FT (Yesterday)
- SYDB DC : Sydbank Expects to Get New Board Members This Month: Berlingske
- TRI FP : Trigano 1Q Sales Fall 3.1% to EU559.7M
- UBSG SW : UBS Names Regional Wealth Heads, Trims Novakovic’s Territory
- VIB3 GY : Villeroy & Boch Prelim FY Revenue EU833 Mln; Shares Rise 3.0%