Asia indices are mixed and volatility has finally settled after a near-24-hour spate of high-profile event risk. In the US, Pres Trump can find solace that he was not the target of FBI investigation. However the charged testimony by former FBI director Comey also paints him in a callous light, subsequent reports that AG Sessions may have had more undisclosed meetings with Russian diplomats, and indication that Democratic leadership is still prepared to pursue obstruction charges leaves the White House - along with its promise of tax reform and infrastructure spending - in peril. UK elections backfired on PM May, resulting in a hung Parliament rather than her initial intention of bolstering her Parliamentary majority going into Brexit negotiations. Tories' austerity-laden agenda was a tough sell, just as PM May's haphazard communication of policy commitment left her exposed to criticism of being unreliable in negotiations with EU. GBP plunged over 2 big figures to 1.27 after the initial exit polls suggested a strong showing for Labour, hit session lows near 1.2680 after Betfair briefly swung in favor of Labour's Corbyn becoming next PM, and then settled in mid 1.27 range once expectations were distilled to Conservatives ending the day with most votes but shy of the 326 seats needed to form a govt and likely relying on a coalition. PM May will likely pay the ultimate price in the Tory defeat, losing her post.
Nikkei +0.52% Hang Seng -0.45% CSI +0.30% Shanghai +0.13%
Eur$ 1.1197 CNH 6.7859 CNY 6.7974 JPY 110.30 GBP 1.2689 CHF 0.9688 RUB 56.99 WTI$ 45.53 -0.24%
S&P +0.09% EuroStoxx +0.11% FTSE +0.47% Dax -0.04% SMI -0.01%
Macro :
- U.K. Banks May Fall as Political Uncertainty Mounts After Vote
- French Legislative Election to See Record Abstention, Poll Says
- China May Consumer Prices +1.5% Y/y; Matching Estimate
- Dodd-Frank Rollback Needed Swipe Fee Cap Repeal: ABA’s Nichols
- Schaeuble: ECB on Path of Gradual Exit From Loose Mon. Policy
Keep an eye on :
- AF FP : Air France-KLM May Passengers Increased 5.9% to 8.8m
- AIR FP : Airbus Sees Demand for 35,000 Jets Worth $5.3 Trln Over 20 Years
- AMZN US : Dish Network, Amazon Said to Consider Possible Merger: Benzinga
- ARAMCO IPO : Saudi Aramco Said Not to Join FTSE 100 If It Lists in U.K.: FT
- MT NA : MT US +2.74% closed at 19.07 Euros vs 18.80 in europe
- CNA LN : Centrica Agrees to Sell Canadian E&P Ops; Buy Price of C$722m
- CSGN VX : Credit Suisse May Cut 1,500 London Jobs by End of 2018: Reuters
- DBK GY : Deutsche Bank Says Can’t Share Information on Trump Relationship
- EDF FP : French Regulated Gas Prices May Fall More Than 1%: Echos
- EDF FP : Edison SpA Confirms Talks for LNG Terminale Adriatico Stake Sale
- ENGI FP : French Regulated Gas Prices May Fall More Than 1%: Echos
- ENGI FP : Engie Sells 10% Stake in India’s Petronet LNG
- FRO NO : Seadrill, Frontline Leave OBX Index; Golden Ocean, NANO Enter
- GOGL NO : Seadrill, Frontline Leave OBX Index; Golden Ocean, NANO Enter
- GOOGL NO : SoftBank to Acquire Alphabet’s Boston Dynamics; No Terms
- DEC FP : JCDecaux Wins 5-Yr Advertising Contract for Hong Kong Tramways
- KNIN VX : Kuehne + Nagel Raised to Buy at Kepler Cheuvreux, PT CHF176
- 1999 HK : Man Wah Jumps 26% After Denying Muddy Waters Allegations
- MHG NO : Marine Harvest Signs EUR1.206b 5Y Revolving Credit Facility Pact
- NANO NO : Seadrill, Frontline Leave OBX Index; Golden Ocean, NANO Enter
- OR FP : enters into exclusive discussions with Natura regarding The Body Shop"
- RIO LN : Rio Tinto Urged to Forget M&A by Citigroup on Deal Premium Risks
- SAN SM : Santander May Cut About 3,000 Jobs in Popular Merger: Expansion
- SDRL NO : Seadrill, Frontline Leave OBX Index; Golden Ocean, NANO Enter
- STL NO : Statoil to Explore Great Australian Bight After Deal With BP
- STL NO : Statoil, Aker BP Mull Joint Krafla, North of Alvheim: Upstream
- SYNN VX : Syngenta Sells Sugar Beet Seeds Business to DLF Seeds
- VIFOR VX : Vifor, Fresenius Medical Grant Kissei Rights to Market Avacopan
- ZC FP : Zodiac Says Family Holders With More Than 18% to Tender Shares