Asian shares dropped, as South Korea’s political turmoil deepened and data showed a slow demand recovery in China. Oil rose after the Syrian government collapsed. A regional equities gauge declined 0.3%, after Korea’s benchmark fell as much as 2.3%. Hong Kong and mainland Chinese stocks also slid as consumer inflation eased in the world’s No. 2 economy. Japanese benchmarks edged higher after growth data was revised up. The dollar gained slightly while Treasuries were steady. The euro was under pressure partly as a risk-off trade following the fall of the Syrian regime. The cautious tone comes as investors brace for a week dominated by central bank decisions across four continents, a crucial Chinese policy meeting, and key US inflation data. Korea remains a focus in the region, with some lawmakers pushing for President Yoon Suk Yeol to resign following the brief imposition of martial law last week. Korean markets extended their declines as opposition lawmakers said they would push for another impeachment vote on Yoon after he survived the first one. Officials vowed Monday to closely monitor the country’s economy and markets. Besides the decline of the benchmark Kospi index, the small-cap Kosdaq Index slumped more than 4% to its lowest since April 2020. The won fell about 1% against the dollar. In China, data showed that the country’s consumer inflation eased last month, showing that government efforts haven’t been enough to boost demand. It may further raise expectations of more fiscal support from the Central Economic Work Conference due to start on Wednesday. Meanwhile, Japan’s economy grew at a faster pace than initially estimated, indicating more strength in the recovery as the central bank parses data ahead of a policy decision later this month. The yen was steady. Oil edged higher after a second weekly loss as traders weighed bigger-than-expected cuts by Saudi Arabia to its crude prices for Asia and any fallout from the toppling of President Bashar al-Assad’s regime. The former Syrian leader and his family arrived in Moscow, where they were granted asylum by the Russian government, Russian state agency TASS reported Sunday. Elsewhere this week, Australia’s central bank will likely keep its key interest rate on hold amid indications the nation’s economy is beginning to soften. The European Central Bank, Bank of Canada and Swiss National Bank are all expected to ease policy, while the Brazilian central bank may hike to arrest inflation pressures. In the US, incoming President Donald Trump told NBC’s Meet the Press on Sunday that he has no plans to replace Fed Chair Jerome Powell once he returns to the White House. Markets are now pricing a more than 80% chance the Fed cuts at its December meeting, though officials have cautioned on the pace of further cuts. In other commodities, gold rose after China’s central bank expanded its gold reserves in November, ending a six-month pause in purchases.
Nikkei +0.18% Hang Seng -0.33% CSI -0.09% Shanghai +0.03% Shenzen -0.26%
Eur$ 1.0538 CNH 7.2901 CNY 7.2794 JPY 149.94 GBP 1.2719 CHF 0.8802 RUB 100.2750 TRY 34.8063 WTI$ 67.57 Gold 2,639 BTC 99,564 ETH 3,947
S&P -0.04% Nasdaq -0.02% EuroStoxx -0.20% FTSE +0.10% Dax -0.08% SMI +.00%
Macro :
- China Nov. Consumer Prices +0.2% Y/y; Below Estimate
- Germany’s Scholz Calls for More EU Protection on Steel Imports
- Germany’s Scholz Calls for More EU Protection on Steel Imports
- French Stock Pain Set to Continue After Worst Year Since 2010
- Turmoil in Paris and Berlin Overshadows ECB Policy in Frankfurt
- Syrian TV Says Assad’s Government Has Fallen After Rebel Advance
- US Bitcoin ETF Inflows Near $10 Billion Since Trump Election Win
Keep an eye on :
Keep an eye on :
- AMD US : AMD Shares Fall as Report Flags Lackluster Demand for AI Chips
- AMTM US : *AMENTUM HOLDINGS TO BE REMOVED FROM S&P 500
- APO US : *APOLLO GLOBAL TO BE ADDED TO S&P 500
- APO US : *APOLLO GLOBAL TO BE ADDED TO S&P 500
- AAPL US : Apple’s New Modem Chips Pave Way for Cellular Macs, Slim iPhones
- ASML NA : Ex-ASML Employee Suspected of Stealing Trade Secrets, NOS Says
- ASRNL NA : Dutch Insurers Explore Opportunities to Invest in Defense: FD
- BALN SW : Baloise Nominates Cevian’s Robert Schuchna for Board
- BPM IM : Italy Gave Nod to Credit Agricole Increasing BPM Stake: Reuters
- BPM IM : Crédit Agricole lifts stake in Italy’s Banco BPM in blow to UniCredit bid
- BIM FP : Biomerieux PCR Test Gets FDA Special 510(k) Clearance
- BOL SS : Lundin to Sell Mines in Portugal, Sweden for Up to $1.52 Billion
- BOO LN : Ashley Calls for Accountability at Boohoo in Bid for Board Seat
- CTLT US : Novo Wins EU Approval for Deal to Acquire Catalent Plants
- COP GY : CVC Said to Explore Takeover of German Software Firm CompuGroup
- ACA IM : Credit Agricole Seeks to Raise Banco BPM Stake Above 10%
- DNO NO : DNO Says Trym Oil Field in North Sea Back in Production
- FBYD US : *FALCON'S BEYOND GLOBAL REGISTERS SHARES
- FRAS LN : Ashley Calls for Accountability at Boohoo in Bid for Board Seat
- Harland & Wolff : Navantia Gets UK Nod to Rescue Titanic Shipyard Owner, Sky Says
- IPG US : Omnicom Is in Advanced Talks to Buy Interpublic, WSJ Reports
- INCY US : Incyte’s Zynyz Combo Meets Primary Endpoint of Overall Survival
- IDR SM : Cinven, Evertec Bid for Indra Payments: Confidencial
- HFG GY : HelloFresh Probed Over Allegations of Migrant Teen Workers: ABC
- BOSS GY : Frasers Group Pushes for CEO To Be On Hugo Boss Board: Times
- KER FP : Sources Say Carven’s Louise Trotter Could Be Headed to Bottega Veneta - WWD
- LUN CN : Lundin to Sell Neves-Corvo, Zinkgruvan Ops For Up to $1.52b
- META US : Trump Aides Contact Google, Meta, Snap Over Online Drug Sales
- MRM FP : Scor Holds 91.68% of MRM Capital and Voting Rights: AMF Filing
- NN NA : Dutch Insurers Explore Opportunities to Invest in Defense: FD
- NOVOB DC : Novo Nordisk Sickle Cell Drug Reduced Complications in Trial
- NOVOB DC : Novo’s Rare Diseases EVP Sees Supply Chain Woes Easing: Borsen
- QRVO US : *QORVO QRVO TO BE REMOVED FROM S&P 500
- RHM GY : Rheinmetall joins forces with US software specialist on combat drone development
- SAN FP : Sanofi: Rilzabrutinib Phase 3 Study Met Primary Endpoint
- SRT GY : Sartorius Names Michael Grosse CEO
- SCR FP : Scor Holds 91.68% of MRM Capital and Voting Rights: AMF Filing
- SKAB SS : Skanska Signs Contract Worth About SEK1.2b With NKT HV Cables
- SMCI US : SMCI Stock Surges 9% In After-Market Hours As Company Gets Extension To File Annual Report
- STM GY : Stabilus Proposes 2024 Dividend of €1.15 Per Share
- STLA US : The Italian Scion Trying to Keep Jeep Maker Stellantis From Spiraling -- WSJ
- STLA US : The Italian Scion Trying to Keep Jeep Maker Stellantis From Spiraling -- WSJ
- TEN IM : Tenaris Motion Over CSN Payment Rejected by Brazilian Court
- TKA GY : Germany’s Scholz Calls for More EU Protection on Steel Imports
- VASTB BB : Vastned Belgium Gets Commitments for €345M in Credit Lines
- VOW GY : VW, Stellantis Brace For Another Rough Year in Auto Industry
- VOW GY : VW Faces More Costly Walkouts as Union Talks Enter Fourth Round
- WDAY US : *WORKDAY WDAY TO BE ADDED TO S&P 500