UKraine Situation put pressure on markets, - Euro slid about 40pips against the greenback at the open following hints from ECB officials that more easing may be required over the weekend. ECB Pres Draghi warned the central bank would be more likely to act if the euro continued to strengthen, as that would be even more disinflationary. Draghi said the ECB sees no broad based evidence of inflation but must not become complacent. Separately, ECB's Coeure noted that asset purchases may be an appropriate tool to fight low inflation, adding that further monetary easing is not excluded, but remains contingent on outcomes....- In China, another press report suggested the govt may be looking to undo some
of its property sector curbs. China's Fujian Province was said to be discussing easing home purchasing curbs, including easier mortgage rules on second home purchases. Separately, comments from vice fin min Zhu Guangyao acknowledged the govt is faced with challenges in managing economic slowdown, but also said the outside world appears to be more concerned with the process than the state council. Over the weekend, FT reports reflected on the first failed bond auction in China in a year, as investors demanded higher interest rates to buy govt debt...Nikkei-0.10% Hang Seng-0.02%
Shanghai -0.30%
Eur$ 1.3845 S&P Fut -0.20% European fut -0.43%
Macro
- ECB's Coeure: Asset purchases may be an appropriate tool to fight low inflation
- ECB's Draghi: additional strengthening of the euro could prompt additional ECB easing
- IMF Has Negative Bias on Growth in EM, Brazil’s Mantega Says
- Federal Reserve Should Continue Tapering of Purchases, IMFC Says {http://bit.ly/1gluwKi}
- Visco Says ECB Studying Various QE Combinations to Use If Needed
- Fed's Kocherlakota : Lower tax rate on business investment could help boost US economic activity, Lowering tax rate on R&D, equipment and structures would also have stimulative effect.
- Noyer Says ECB Ready to Use All Instruments If Necessary {NSN N3XR7P6VDKHS <go>}
- Portugal FinMin Open to Unconventional Monetary Easing: FT
- Iran nuclear chief Salehi: 30K new centrifuges are needed to meet domestic fuel demands
- Mexico Central Bank Gov Carstens: Remainder of 2014 to show a robust recovery after a weak Q1
Keep an eye on :
- ALV GY : Allianz to Buy More Shares as Rates Stay Low, Tagesspiegel Says
- AZA IM : Etihad to Take Holding of Up to 49% in Alitalia: Repubblica
- EN FP : Bouygues Plans to Offer Aggressive Internet Offer, declines to comment on rumors regarding discussion with Iliad or/and Telefonicas: Figaro {NSN N3WSG16S972X <go>}
- CNA LN : Centrica Searches for New CEO as Part of Broader Review, FT Says
- OLE SM : Citi Declined Deoleo Bid Work Amid Spain Government Concern: WSJ
- DUFN VX : Dufry Unlikely to Pay Dividends, CEO Tells Schweiz am Sonntag
- ENI IM : Italy May Nominate Descalzi as New Eni CEO, Repubblica Reports
- FNC IM : Finmeccanica Bribery Case Said to Be Resolved: Reuters Link
- GIVN VX : Givaudan +ve article in the WSJ, even if expensive still some potential
- GLEN LN : Glencore to Sell Its Stake in Las Bambas Copper Mine for $5.85b
- HEIA NA : Heineken Weighing Sale of ~100 U.K. Pubs, Sunday Times Reports
- IPN FP : Ipsen Announces a first set of results on positive phase III clinical study of Dysport® in the treatment of adults suffering from Upper Limb Spasticity
- KNIN VX : Kuehne & Nagel 1Q Sales Miss Estimates
- LG FP : Private Equity firms are targeting assets of Lafarge & hocim
- MHG NO : Marine Harvest 1Q Harvest 92,000 Tons Vs 80,000-Ton Guidance
- MRW LN : Morrison Investors Question Strategy After Profit Forecast: FT
- MNOD LI : Norilsk Nickel Approves Possible Early Eurobonds Buyback: IFX
- NESN VX : Nestle Says Chairman Brabeck Diagnosed With Curable Illness
- UG FP : Peugeot Targets 2% Operating Margin in Automotive Unit by 2018, CEO Plans to Reduce Number of Models, France Info Says
- RCO FP : Remy Cointreau Extends Maturity on $255m Facility to April 2019
- RCS IM : RCS sees shares rise on rumours of new shareholders
- SPM IM : Eni Proposes Carbonetti as Saipem Chairman Before May 6 AGM
- STAN LN : Orix Said to Weigh Bid for StanChart’s HK Consumer Credit Unit
- SY1 GY : Symrise Offers to Buy All Shares of Diana Group {NSN N3XM3F6VDKHT <go>}
- GLE FP : Societe Generale buys 7% in Rosbank from Interros, raises stake to 99.4%
- SW FP : Sodexo Pares Health Insurance Holders With Hours Change: WSJ
- TKA GY : Saab/ThyssenKrupp in Talks About Thyssen’s Swedish Marine Ops.
- TSCO LN : Tesco to Make Further Price Cuts, Sunday Express Reports
- FP FP : Total Will Push Ahead With Kaombo Project in Angola, CEO Says
- UBSN VX : UBS to pay half of profit to shareholder - FT
- VIE FP : Vinci Plans to Name Pierre Coppey as Deputy CEO: Les Echos
- VIV FP : Vivendi Says Process for Choosing SFR Buyer Was Transparent
- VOS GY : Vossloh Transport Sale May Lead to 30% Upside, Berenberg Says