Asian equity markets build on recent gains in the wake of steady US jobs data on Friday and further strength in US equities. In FX, USD is up for the 2nd straight session, with most pronounced gains vs JPY and GBP. USD/JPY is up about 50pips amid renewed selling in US Treasuries, while GBP/USD was weighed down by comments from UK PM May reiterates commitment for Britain to leave the single market. China FX reserves fell for the 6th straight month to $3.01T, though the decline of $41B was slightly less than consensus drop of $51B. For the year, FX reserves fell $320B - a smaller decline than record high $513B in 2015. Speaking after the release, PBoC adviser Fan Gang said the authorities intervention in curbing outflows has not been significant, and that longer term, the decline is a positive development desired by PBoC to be done smoothly. Fan added that China needs less reserves after the Yuan inclusion in SDR basket, and also played down the worries about China's financial system risks. Auto sector will remain in focus and likely on the crosshairs of President-elect Trump's tweets. GM CEO stated company is planning to keep small-car production in Mexico, given it made decisions on investment four years ago. Separately, Fiat announced a $1B investment in plants in Michigan and Ohio, with a promise to add 2,000 jobs.
Nikkei -0.34% Hang Seng +0.05% CSI +0.40% Shanghai +0.42%
Eur$ 1.0531 CNH 6.8751 CNY 6.9328 JPY 117.35 GBP 1.2184 CHF 1.0182 RUB 59.78 WTI $53.73 -0.48%
S&P +0.13% EuroStoxx +0.21% FTSE +0.51% DAX +0.25% SMI +0.35%
Macro :
- Fed’s Kashkari Optimistic New Congress May Reexamine Bank Rules
- Citadel’s Griffin Says Corp. U.S. More Leveraged Than Ever
- Fed’s Evans: Downside Risks Remain Amid Weak Global Growth
- Summers: Trump’s Deregulation Plan Sets Stage for Next Crisis
- SNB Expects Profit CHF24b for the 2016, Will Make Payout
Keep an eye on :
- ABG SM : Abengoa Said to Be in Final Talks to Sell Brazil Ethanol Unit
- AIR FP : Air France-KLM December Passengers Increase 7.6% to 7.2m
- AZA IM : Etihad Airways Says Meeting on Alitalia’s Business Plan Monday
- AVP US : Avon Products Rises to Highs; Call Volume 20.7x the 20-Day Avg
- ARAMCO IPO : Aramco Said to Have Discussed Reducing Tax Rate for IPO: FT
- BATS LN : BAT/Reynolds talks hit a bump over ‘heat vs burn’ technology - The Sunday Telegraph
- BT/A LN : Virgin Chooses BT Group for Wireless Network Order: Telegraph
- CSGN VX : Credit Suisse Said to Seek Buyers of Shell Assets: Inversor
- CSGN VX : Credit Suisse Saw External Asset Management Outflows in 4Q: FuW
- DAI GY : Nvidia and Mercedes-Benz to bring an AI car to market within a year - Recode.net - http://tcrn.ch/2iRx7Fd
- DAI GY : Mercedes-Benz Deliveries Climb 11.3% in 2016, Daimler Says
- BN FP : WhiteWave Extends Long Stop Date on Danone Deal by 90 Days
- RLD SW : Edmond de Rothschild Asset Mgmt to Exit U.K. Market: Telegraph
- ENGI FP : Engie Says Didier Holleaux to Replace Sandra Lagumina
- EURN BB : Euronav looking for takeover candidates - De Tijd
- DLG GY : Dialog Semi Preliminary FY Revenue In Line With Ests.
- DNO NO : DNO Makes Oil Discovery at Peshkabir Field in Iraqi Kurdistan
- FCA IM : Fiat Chrysler Recalls Est.86,403 Older-Model SUVs for Airbags
- FMC GY : Fresenius Medical Says New U.S. Regulation Will Impact Business
- GFC FP : Gecina Appoints Meka Brunel as CEO, Replacing Philippe Depoux
- GBX US : Greenbrier Jumps 18% as Year EPS View Beats, Peers Gain
- IPN FP : Merrimack Said Near Deal With France’s Ipsen: Reuters, Ipsen to Pay Merrimack Up to $1.03b for Cancer Assets
- KORI FP : La grippe fait 13 morts dans une maison de retraite à Lyon
- KU2 GY : China’s Midea Settles Takeover of Kuka on Jan. 6
- LHA GY : Lufthansa Confirms 2016 View, Sees ‘Clearly Negative’ Pricing
- MC FP : TAG Heuer CEO Sees Return to Growth for Swiss Watchmaking: SamS
- NTG LN : Northgate received takeover approach from Redde last summer; others circle - Sunday Telegraph
- NOVN VX : Ionis Sees ’16 Pro Forma Net Op Income in Low-to-Mid $20m Range
- ORA FP : France’s Arcep May Allocate 2.6 GHz, 3.5 GHz Bands in 2nd Half
- ROG VX : Illumina Call Volume Jumps as Stock Rallies Before Conference
- ROG VX : FDA Grants Genentech’s Tecentriq (Atezolizumab) Priority Review
- SCYR SM : Sacyr Claims for Panama Works Excess Costs Rise to $5.7b: Pais
- SAN FP : Sanofi Has Capacity to Make Acquisitions: CEO Tells Figaro
- SIE GY : Siemens, Marubeni Set to Win Thai Power Plant Order: Nikkei
- SOI FP : Soitec Starts 1-For-20 Reverse Stock Split
- UHR VX : TAG Heuer CEO Sees Return to Growth for Swiss Watchmaking: SamS
- TII CN : Terra Firma Said to Revive Sale of Wind Farm After Brexit Delay
- TOM2 NA : Automakers, suppliers team up to share costs of self-driving cars - http://reut.rs/2iRp8rN
- TUI1 GY : Germany’s TUI Considers Sale of Travelopia to Kuoni: City A.M.
- TRI FP : Trigano in exclusive talks to acquire Adria
- UBSG VX : UBS CEO Says He Welcomes Basel Committee Decision Delay: NZZ
- UBSG VX : UBS’ Weber Sees ‘Rocky Road’ Ahead for Global Economy
- VIV FP : Ubisoft Says Assassin’s Creed Movie Is Doing ’Well’ Abroad
- VOD LN : Vodafone considers merging Indian unit with Jio, Idea; Telenor India and Tata DoCoMo seek buyers - Sunday Telegraph
- VOW3 GY : Volkswagen Recalls 2009-2010 VW, Audi Models on Brake Failures
- VOW3 GY : Audi 2016 Global Sales Up 3.8% at 1.87 Mln Cars: Welt
- VOW3 GY : FBI Said to Have Arrested Ex-VW Exec on Conspiracy Charges: NYT