Markets kick of the week mixed, over the weekend Venezuela held a vote that saw many dead, including a candidate, amid Venezuela protests during election for new legislative body that will reform constitution.US said to be considering oil-related sanctions against Venezuela, which could be announced by as early as today; not expected to include ban on Venezuelan oil shipments to the US. This saw crude futures rise as high as $50/bbl. China July official manufacturing PMI came in at 51.4 slightly lower than expected and non-manufacturing PMI 54.5 also shy of expectations. Sub-component for construction rose to a high not seen since Dec 2013. China iron ore futures rose 7% early in the session; the strength in iron ore also pushed the major names in Australia higher. Yen again pushed higher keeping pressure on the equities markets despite earnings season being in full swing. North Korea missile launch showed that it may be within striking range of US cities. South Korea and the US held a joint missile drill over the weekend. Elsewhere in geopolitical news Russia president Putin declared that Russia would kick out over 750 US diplomats by the end of Sept in retaliation to new sanctions.
Nikkei -0.02% Hang Seng +0.99% CSI +0.49% Shanghai +0.57% Shenzen +0.56%
Eur$ 1.1743 CNH 6.7289 CNY 6.7259 JPY 110.50 GBP 1.3127 CHF 0.9683 RUB 59.5851 WTI$ 49.91 +0.40%
S&P -0.09% EuroStoxx +0.06% Dax +0.08% FTSE +0.13% SMI -0.02%
Macro :
- Kim Jong Un Says Entire U.S. in Range of North Korea’s ICBM
- OPEC to Meet With Non-OPEC to Discuss Weaker Cuts Compliance
- BOE to Cut Growth Forecasts as Rate-Increase Chances Diminish
- Pimco Attracts Almost $50B to Funds in 6 Mos Ended in June: FT
Keep an eye on :
- ADP FP : Vinci Wants to Increase Stake in ADP, Les Echos Reports
- AF FP : Air France Labor Union Calls Strike at De Gaulle Airport: Info
- ALV GY : Pimco Attracts Almost $50B to Funds in 6 Mos Ended in June: FT
- AZN LN : AstraZeneca CEO Says Brexit Uncertainty Slows Decisions: FT
- BAS GY : BASF Upgraded After Shares Drop on 2Q Results, Berenberg Says
- GBB FP : Bourbon Finalizes Debt Rescheduling Announced in March
- BP/ LN : BP is Said In Talks to Offload More Oil Fields: Sunday Telegraph
- CGG FP :CGG Says Lenders’ Committee, Bondholders Approve Safeguard Plan
- CNP FP : CNP Assurances First Half Net Income EU657 Mln
- CBK GY : Cerberus Seeks Commerzbank Board Position: Sueddeutsche Zeitung
- DIA SM : LetterOne acquires 10% of Grupo Dia for EUR 323m
- DUFN VX : Dufry With Loss in 1H; Considering IPO of North American Unit
- ENGI FP : Engie Says Leads French Tender for Solar W/ 94.6 MW Awarded
- ENI IM : Eni’s Cash Flow Break-even Was ‘Hidden Gem’ at 2Q: Mediobanca
- GALP PL : Galp Second Quarter Adjusted Ebitda Beats Estimates
- HEIA NA : Heineken First Half Adjusted Operating Profit Beats Estimates
- HSBA LN : HSBC Second Quarter Adjusted Pretax Profit Beats Estimates, HSBC Plans Share Buyback of up to $2b
- LR FP : Legrand Confirms Targets as 1H Rises 12%
- MIC SS : Millicom to Sell Senegal Tigo Ops to Consortium Instead of Wari
- NSG NO : Norske Skog Extends Exchange Offer Deadline; Warns Non-Payment
- ROG VX : Roche Treatment Granted Orphan Drug Status by FDA
- SAN FP : Sanofi Sees Profit ‘Broadly Stable’ in 2017, Sanofi Sees Increasingly Competitive Multiple Sclerosis Market
- SAN SM : Santander to Cut 600 Jobs in Germany, Rheinische Post Reports
- SAN SM : Santander Agrees Popular Assets Sale With Blackstone: Vozpopuli
- SFR FP : SFR Vows Legal Action on TF1 Threat to Cut Access for Clients
- SNBN SW : SNB Posts 1H Profit of CHF 1.2B on Negative Rates Income
- TEF SM : Telefonica to Raise Prices for Top-End Bundles: EL Economista
- TSLA US : Elon Musk Says Tesla Model 3 Reservations Now Exceed 500,000
- TFI FP : TF1 Ends Distribution Pacts With SFR As Talks Stall
- TIT IM : Telecom Italia May Bid for Soccer TV-Rights, CEO Tells Stampa
- UMI BB : Umicore First Half Adjusted EPS Beats Estimates
- UNI IM : Unipol to Spin Off About EU3b of Its Bank’s Bad Loans Into NewCo
- VIE FP : Veolia 1H Net Falls; Co. Confirms 2017-19 Targets
- DG FP : Vinci Wants to Increase Stake in ADP, Les Echos Reports
- VIV FP : Vivendi May List Telecom Italia Network on Stock Exhange: Sole
- VOW3 GY : Volkswagen Picks Five Possible Bidders for Ducati: Repubblica
- VOW3 GY : VW Planned Sale of Ducati, Renk Units Lacks Board Support: Rtrs
- VOW3 GY : Audi Is Said to Target EU10 Bln in Cost Cuts by 2022: Reuters