Asian equity markets are higher across the board, tracking large gains in the US on Friday after much better than expected non-farm payrolls. US indices hit record high as investors flocked to stocks from bonds, sending yields higher and lifting the probability of a Fed rate hike before the end of the year to 43% from 32%. USD/JPY was again a popular immediate proxy for renewed Fed tightening expectations as it rose over 100pips above ¥102, and that weakness in the Yen is helping Nikkei225 outperform the other markets in Asia. China FX reserves released over the weekend saw a decline to $3.20T from $3.21T - the smallest drop in 19 months. China trade data released late in the session were mixed as USD and CNY terms of trade topped consensus and reached 6-month highs, but largely because of bigger than expected decline in imports. In Japan, cabinet net Suga expressed concern over incursions by Chinese vessels into Japan's territorial waters around the contested Senkaku islands for 3 straight days. PM Abe also spoke, promising to compile the extra budget as soon as possible.
Nikkei +2.34% Hang Seng +1.23% CSI +0.51% Shanghai +0.44%
Eur$ 1.1096 CNH 6.6691 CNY 6.6595 JPY 102.09 GBP 1.3082 CHF 0.98 RUB $65.6648 WTI$41.97 (+0.41%)
S&P +0.08% EuroStoxx +0.44% Dax +0.58% SMI 0.08%
Macro :
- OPEC Nations Said to Not Be Planning Revival of Freeze Talks
- Italy’s Highest Court to Back Constitutional Vote: Repubblica
- Padoan Says Italian Banks Don’t Need Public Backstop: Sole
- Italian Bank Deposits Up 3.4% in June vs Year Ago: ABI
- Germany May Lose 2,000 Co-Op Bank Branches: Rheinische Post
- U.S. June Consumer Credit Rose $12.3b; Est. Up $16b
- Shareholder Lobby Says DAX Companies’ Guidance Worsened: Welt
Keep an eye on :
- ABI BB : AB InBev Chief Supply Officer Kraemer Nets EU4.79m With Options
- ABI BB : SABMiller Assets Draw Interest From Canada’s PSP: Sunday Times
- AC FP : France Tourism Down on Concerns About Terrorism, JDD Reports
- AIR FP : Airbus Group Says U.K. Agency Has Opened Criminal Investigation
- AIRNBN IPO : Airbnb Files to Raise $850 Million at $30 Billion Valuation
- AF FP : Air France-KLM July Passenger Traffic Rises 0.5%
- AAPL US : Apple Said to Buy Machine Learning Company Turi: TechCrunch
- BES PL : Banco Espirito Santo Says Liquidation is Proceeding
- BMPS IM : Monte Paschi Chief Confident Capital Increase Plan Will Succeed
- BP IM : Banco Popolare 2Q Net Loss EU66.6m; Est. EU223.5m Loss
- BRK/B US : Berkshire Hathaway 2Q Oper. EPS $2,803, Est. $2,911
- BMY US : Bristol Makes for More Attractive Target After Plunge: Goldman
- CABK SM : CaixaBank Said to Agree to Voluntary Departures With Unions: EP
- DBK GY : Qatari Deutsche Bank Stakes Smaller Than Thought: Sueddeutsche
- DBK GY : German Banks Raising Fees Ahead of New Transparency Law: SZ
- EZJ LN : EasyJet Is Testing Use of Drones for Airplane Maintenance: Exec
- EDF FP : Chinese Nuclear Company on U.K. Preferred Bidder List: Guardian
- ENEL IM : Italy’s Enel Starts Final Restructuring Phase in Latin America
- ENI IM : Eni Said to Reach Deal With Exxon on Mozambique Stake Sale: Rtrs
- IHG LN : Anbang Said to Consider Bidding for IHG, Sunday Times Says
- LHA GY : Lufthansa Pilots Union Says Contract Talks to Resume Next Week
- LSE LN : Deutsche Boerse Keeps LSE Location Options Open: Handelsblatt
- NOVO DC : Novo Obesity Business to Match Insulin Unit in 20 Yrs: Borsen
- NYR BB : Nyrstar May Sell More Mines in 2H, Keep Some in 2017; Cash Drops
- OHL SM : OHL Weighs Selling Canalejas, Mayakoba Stakes: Europa Press
- PAH3 GY : Jaguar Land Rover Silverstone Bid Blocked by Porsche: Telegraph
- PLND LN : Activist Elliott raises the stakes in £600m Poundland takeover - Telegraph
- PNL NA : PostNL 2Q Cash Underlying Operating Profit Falls to EU47m
- STL NO : Statoil Sues U.S. County After Rejection of Refund Bid
- SNH GY : Steinhoff Said to Make $4B Bid for Mattress Firm Holding: FT
- SNH GY : Steinhoff Intl to Buy Mattress Firm for $64-Shr in Cash
- TSLA US : Tesla Says Gigafactory Costs $430.7m Through June 30: Filing
- VALE US : Vale Still Looking at Divestment Options, Including Core Assets
- FR FP : Valeo, Ichikoh to Develop Automotive Digital Mirror: Nikkei
- DG FP : Vinci Buys LAMSAC, PEX From Invepar; Enterprise Value EU1.5b