US Market closed for Labour Day S&P Fut +0.75%
China trade surplus again topped consensus, but internal components remained soft. Exports decline of 5.5% was worse than expected 5%, while Imports component decline was more than double than anticipated. Exports to EU and Japan were not as bad as the prior month at -7.5% v -12.3% prior and -5.9% v -13.0% prior, but imports of key materials like crude oil and iron ore saw little improvement. Japan put out its Q2 Final GDP showing a smaller than initially reported decline. The two key components were little changed at Private consumption decline was -0.7% v -0.8%e v -0.8% prelim and CAPEX -0.9% v -0.9%e, v -0.1% prelim. Econ Min Amari said GDO revision was mainly due to inventories, urging Japan companies to invest their record-high earnings into more capex. Abe said his Abenomics policies are only halfway through, just as more critics of his agenda emerge. BLUE US Could be bought for $10b by end of 2016, Market cap is $4.6bil (EV $3.77bil) Energy Report is writting. Crude is trading -3.74% @ $ 44.32
Nikkei -2.4% Hang Seng +0.71% Shanghai -0.28%
Eur$ 1.1210 CNY 6.3687 JPY 119.10 EURCHF 1.0882 GBP 1.5346 RUB $69.21 WTI $ $44.31 (-3.74%)
S&P +0.81% EuroStoxx +0.12% Dax+0.20% SMI-0.06%
Macro :
- China’s Aug. Exports Fall 6.1% Y/y in Yuan Terms
- China’s Aug. Exports Fall 5.5% Y/y in Dollar; Est. 6.6% Fall
- Greek Bad Loans Ratio Said to Reach 45%, Kathimerini Reports
- Egypt Facing Tougher Sell on Second Post-Arab Spring Eurobond
Keep an eye on :
- AALB NA : Aalberts to Buy Car Valves Supplier Ventrex Automotive
- A2A IM : A2A looks to acquire complete control of Edipower - Il Messaggero
- ALO FP : Alstom Raised at Barclays; Shr Buyback Could Come as Early as 4Q
- AML LN : MS&AD Insurance Considers Buying Amlin for Overseas Growth
- AML LN : Amlin hires Evercore and Rothschild to advise on takeover talks with Mitsui Sumitomo
- BBVA SM : BBVA Seeks Buyers for Portugal Assets, Spain’s ABC reports
- BLUE US : Bluebird Bio could be acquired by end of 2016, possibly at value of around USD 10bn - Energy Report
- ENEL IM : Enel to sell around half of its 66% stake in Slovenske Elektrarne to EPH by end of this year - E15
- HYDR LI : VTB looks to sell on 20% stake in Rushydro - Vedomosti
- MOR GY : Morphosys Aims Be Fully Integrated Commercial Biopharma Comany
- ORA FP : Orange Plans to Replace Vignolles as Spain CEO: Expansion
- PGHN SW : Partners Group 1H Adj. Net Rises 26%, Sticks to 2015 Outlook
- RSA LN : RSA to Sell Latin America Operations to Suramericana for GBP403m
- SCHP FP : Séché Environnement Confirms FY Targets
- TEF SM : Telefonica Said in Talks to Rent Towers From America Movil
- UL FP : Lone Star Wants to Sell Coeur Defense in Paris for EU2B: Figaro
- WDF IM : World Duty Free Says Dufry’s Offer Price of EU10.25/Shr Is Fair
- ZAG AV : Zumtobel 1Q Net Rises 61% to EU9.2m; Confirms FY Outlook