^N225 - Nikkei 225
| Previous Close | 22,207.21 |
| Open | 22,479.57 |
| Volume | 0 |
| Day's Range | 22,434.35 - 22,615.47 |
| 52 Week Range | 18,948.58 - 22,959.41 |
| Avg. Volume | 64,004 |
- Bloomberg
Tech Leads Stocks Lower; Retail Sales Lift Bonds: Markets Wrap
(Bloomberg) -- U.S. stocks fell, led by technology shares, as investors mulled earnings reports and the prospects of trade negotiations. The pound fluctuated amid Brexit talks.In earnings, Bank of America jumped after deal fees surged, continuing a string of strong bank results. Smaller banks including Bank of New York Mellon advanced after delivering solid quarterly numbers. Netflix is slated to deliver after the market closes. The dollar edged lower and Treasuries rose after a report showed retail sales unexpectedly declined, renewing expectations for a rate cut by the Federal Reserve.“Earnings are not so bad that it causes any sort of violent market reaction,” said Jeff Mills, chief investment officer at Bryn Mawr Trust Co. “But I don’t think they’re going to surprise enough to the upside to be a catalyst for a breakout.”The S&P 500 briefly climbed from the lows of the day after President Donald Trump said a trade deal with China probably will not be signed until he meets with Chinese President Xi Jinping at the APEC summit next month in Chile.The Stoxx Europe 600 dropped, while benchmark indexes in Asia finished mostly higher, though most gauges trimmed the gains after China threatened to retaliate if the U.S. offered legislative support to pro-democracy protesters in Hong Kong. Stocks dipped in Shanghai and the yuan weakened.Elsewhere, Turkish stocks fell with government bonds after the U.S. brought a criminal case against one of the nation’s largest banks, in what could be an escalation of Washington’s efforts to reprimand Ankara for its military incursion into northern Syria. South Africa’s rand sank as the state-owned power company announced a new round of rolling blackouts. Crude oil futures rose. Gold ticked higher.Here are some key events coming up this week:Netflix and IBM are among U.S. companies still to report Wednesday.China releases third-quarter GDP, September industrial production and retail sales data on Friday.Here are the main movers in markets:\--With assistance from Robert Brand.To contact the reporters on this story: Claire Ballentine in New York at cballentine@bloomberg.net;Sarah Ponczek in New York at sponczek2@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Dave LiedtkaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- FX Empire
Asian Shares Rise as Upbeat Brexit News Offsets IMF’s Prediction of Lower Global Growth
Asian shares were supported on Wednesday after optimistic comments on Brexit from European negotiator Michel Barnier were backed up by reports that a draft legal text over the divorce was being drawn up.
- TheStreet.com
Dow Futures Slip, Global Stocks Mixed; Brexit Talks, US Earnings Drive Sentiment
Global stocks traded mixed Wednesday, with modest gains in Asia offset by weaker U.S. equity futures, as investors eyed the final hours of Brexit negotiations between Britain and the EU while awaiting around round of third quarter earnings reports on Wall Street.
- MarketWatch
Asian markets mostly gain after positive start to U.S. earnings season
Asian markets rose in early trading Wednesday following gains on Wall Street as U.S. earnings season kicked off and investors saw hope for the chances for a larger U.S.-China trade deal and a Brexit agreement.
- Bloomberg
Stocks Hit Four-Week High on Earnings; Pound Jumps: Markets Wrap
(Bloomberg) -- U.S. stocks touched four-week highs, led by health care and financial shares, as earnings season began in earnest. The pound strengthened as the U.K. and European Union moved closer to a Brexit deal.The Nasdaq Composite Index jumped more than 1.2%, while the S&P 500 topped 3,000 on an intraday basis for the first time in three weeks. Treasury yields rose amid the risk-on backdrop.“Things on the earnings front seem to have gotten off to a pretty decent start, interest rates -- although they’ve perked back up a little -- are still extremely low, and this trade deal and positive Brexit talk are good for world growth,” said Gary Bradshaw, a portfolio manager at Hodges Capital Management. “I like what we see, and the market’s obviously responding well to that.”In earnings news:Johnson & Johnson raised its sales and earnings forecast for the year.UnitedHealth beat profit estimates and raised its full-year outlook.JPMorgan’s third-quarter results beat estimates, sending its shares higher.Goldman Sachs reported investment bank revenue and earnings per share that undershot estimates, but its equities sales and trading was a beat.BlackRock said there was a decline in fixed income inflows from the previous quarter as clients moved some money back into equities.The pound strengthened and gilts fell after two EU officials said negotiators in Brussels are closing in on a draft Brexit deal that could lead to a breakthrough before the end of Tuesday. Crude oil fell for a second day and gold dropped.Japan’s equity gauge jumped as trading resumed after a long weekend during which President Donald Trump announced progress on an interim trade accord with China. Markets elsewhere in Asia were mixed. The Stoxx Europe 600 Index rose, with all 19 sectors advancing.Investors are closely analyzing earnings, given the global backdrop of slowing growth and a host of unpredictable macro risks. The International Monetary Fund made a fifth-straight cut to its 2019 global growth forecast, citing a broad deceleration across the world’s largest economies as trade tensions undermine the expansion.“The earnings reports that will be particularly noteworthy are those from companies that are tied directly to the economic cycle,” said Michael Geraghty, equity strategist at Cornerstone Capital Group.Meanwhile, the Turkish lira jumped and the country’s benchmark stock index rose after Trump imposed milder penalties over its military campaign in Syria than U.S. lawmakers had demanded.Here are some key events coming up this week:Wednesday brings a monetary policy decision in South Korea.U.S. retail sales are forecast to increase for a seventh straight month. Sales in the “control group” are also expected to rise. Consumer spending is carrying the weight of U.S. economic growth so the data will be monitored closely for any signs of slowing.China releases third-quarter GDP, September industrial production and retail sales data on Friday.Here are the main moves in market:To contact the reporters on this story: Claire Ballentine in New York at cballentine@bloomberg.net;Sarah Ponczek in New York at sponczek2@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Dave LiedtkaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Financial Times
Singapore fund Temasek aims to lift ‘aspiring unicorns’
Singaporean state-backed fund Temasek Holdings is looking to boost its investment in “aspiring unicorns”, grabbing stakes in promising digital companies to secure high returns once they debut on the stock market. “I would expect even in the next six to 12 months, we’ll be doing a few more” investments in such companies in south-east Asia, Rohit Sipahimalani, who leads Temasek’s start-up focus as a joint head of the investment group, told Nikkei recently in an exclusive interview. In a strategy that defies the current trend towards greater scrutiny of start-ups and their profitability, Temasek last month acquired a stake in Social Bella, an Indonesian online beauty product retailer that is rapidly raising its profile in a country with a large youth population and a blossoming ecommerce sector.
- Reuters
GLOBAL MARKETS-Stocks, pound rise on cautious Brexit deal hopes
Asian stocks and the pound gained on Tuesday as investors held out hope that Britain still had a chance of avoiding a messy exit from the European Union at key negotiations this week. The pound rose against the dollar and the euro, reflecting the cautious optimism about talks between Britain and the EU. Capping broader gains in equities, however, was a perceived lack of progress coming out of U.S.-China trade negotiations.
- TheStreet.com
Dow Futures Jump Higher, Global Stocks Gain Ahead of Heavy Q3 Earnings Slate
Global stocks traded cautiously higher Tuesday, while U.S. equity futures pointed to a firmer open on Wall Street, as investors prepped for a two-day wave of bank earnings that could define the third quarter reporting season while paring risk positions amid lingering questions over the fate trade talks between Washington and Beijing.
- MarketWatch
Asian markets mixed as doubts emerge over trade deal
Asian markets were mixed in early trading Tuesday, as investors grew wary as they waited for more details about last week’s agreement for a partial trade deal between the U.S. and China.
- Reuters
GLOBAL MARKETS-Asian shares get trade lift, let down by China data
Figures from China underlined the pain felt as dollar-denominated exports and imports both fell by more than expected in September. Liquidity was also lacking with Japan off and a partial market holiday in the United States for Columbus Day. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.1% in light trade.
- Reuters
GLOBAL MARKETS-Asia relieved at latest trade truce, China data disappoints
Indeed, data out from China underlined the pain felt with dollar-denominated exports and imports both falling by more than expected in September. Liquidity was also lacking with Japan off and a partial market holiday in the United States for Columbus Day. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.1% in light trade.
- TheStreet.com
Dow Futures Slip Lower Amid US-China Trade Deal Questions; Q3 Earnings in Focus
Global stocks traded mostly lower Monday, while U.S. equity futures suggested modest gains to start the week on Wall Street, as investors parsed through the thin details of last week's trade truce between Washington and Beijing and prepped for the start of the third quarter earnings season that could define market direction between now and the end of the year.
- Reuters
Stocks meander on caution over trade talks, dollar gains
The U.S. dollar gained on Monday as optimism ebbed over a potential U.S.-China trade deal that President Donald Trump outlined last week, while a gauge of global equity markets was little changed as investors sought details about an agreement. Gold gained and oil prices fell more than 3% at one point as scant information about the first phase of a Sino-U.S. trade deal undercut optimism over a thaw in the dispute that has sparked a slowdown in global growth. A slide in Chinese exports picked up pace in September while imports contracted for a fifth straight month, evidence of further weakness in China's economy as tariffs take their toll.
- Financial Times
Philippine president struggles to sell his China pivot at home
A five-minute speedboat ride from Luzon, Grande Island is one of the closest white sand beach resorts to the Philippine capital of Manila. Last year, the local investors who hold the lease on the island agreed a deal with Sanya Group, a Chinese resort developer, who pledged to invest $298m to turn the 44-hectare island into Manila’s answer to the Maldives. The deal was formalised in April, on the sidelines of China’s Belt and Road summit in Beijing.
- Bloomberg
Trade Thaw Sends Stocks Surging and Street Says Rally Isn’t Over
(Bloomberg) -- Signs of progress in U.S.-China trade talks sent stocks to the biggest gain in a week and had Wall Street handicappers making odds on a bigger rally to come.The S&P 500 Index climbed to within 1.8% of a record after President Donald Trump said the two sides agreed to the outlines of a deal that could be signed as early as next month. The equity benchmark rose 1.1% Friday, closing off its session highs since several of the thorniest trade problems remain unresolved. Equities also got a boost from signs of progress in Brexit negotiations.At JPMorgan Chase & Co., strategists led by John Normand estimated there is 10% upside or more in the stock market under a “blue sky” scenario where agreements are reached in both cases, based on the way past geopolitical crises played out.Outstanding issues are likely to be resolved because a trade truce with China would strengthen Trump’s bid for next year’s re-election while both the U.K. and European economies are too weak for their leaders to accept a no-deal outcome, the strategists argue. They boosted the odds for an Oct. 31 Brexit deal from 5% to 50% amid news that U.K. prime minister Boris Johnson made a vital breakthrough in talks with Irish leader Leo Varadkar.Apple Inc., which sells millions of iPhones in China, rose to an all-time high. The Stoxx Europe 600 Index jumped the most since January. Crude oil surged following an explosion on an Iranian tanker and Pentagon plans to ramp up the deployment of U.S. forces to Saudi Arabia. Gilts tumbled and the pound had the biggest two-day gain in a decade.While the strategists admitted details on the trade situation are “too scarce to rethink forecasts,” they urged investors to start positioning for a favorable outcome. Further progress is likely to revive risk appetite from investors who have sought shelter in fixed income and low-volatility stocks.“There is still a peace dividend to be earned after this week’s moves,” the strategists wrote in a note. “Geopolitics created a growth slump and sank asset prices and bond yields, so less uncertainty should drive a growth revival and market reversals, as long as valuations and positions do not already reflect positive outcomes.”If history is of any guide, they say, investors should brace for a rotation into emerging markets, cyclical and value shares while preparing for losses in assets such as developed market bonds, U.S. dollar and Japanese yen.Investors embraced the progress on trade talks after conflicting headlines roiled markets this week, even if the accord falls short of a comprehensive agreement that would put an end to the trade war.“We could break through all-time highs if investors really perceive peace to this latest round,” said Diane Jaffee, senior portfolio manager at TCW, which oversees $200 billion. “Even though the market is rising today, there’s still a lot of skepticism embedded here. A lot, a lot, a lot.”Elsewhere, equities rallied throughout Asia, with shares in Hong Kong getting an extra lift as protesters discussed scaling back vandalism ahead of demonstrations this weekend.Here are the main moves in markets:StocksThe S&P 500 Index added 1.1% at the close of trading in New York.The Stoxx Europe 600 Index surged 2.3%.The MSCI Emerging Market Index climbed 1.8%.The Shanghai Composite Index climbed 0.9%.CurrenciesThe Bloomberg Dollar Spot Index dropped 0.5% to a two-month low.The euro increased 0.4% to $1.1046.The British pound jumped 1.8% to $1.2667.The offshore yuan climbed 0.4% to 7.0736 per dollar.The Japanese yen fell 0.4% to 108.43 per dollar.BondsThe yield on 10-year Treasuries gained nine basis points to 1.75%.Germany’s 10-year yield climbed three basis points to -0.45%.Britain’s 10-year yield jumped 12 basis points to 0.70%.CommoditiesWest Texas Intermediate crude gained 2.3% to $54.80 a barrel.Gold decreased 0.6% to $1,484.57 an ounce.\--With assistance from Sophie Caronello and Sarah Ponczek.To contact the reporters on this story: Vildana Hajric in New York at vhajric1@bloomberg.net;Lu Wang in New York at lwang8@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Brendan WalshFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters
GLOBAL MARKETS-Stocks rally on trade talks; Brexit deal hopes boost pound
Global stocks and the euro rallied on Friday on signs of progress in U.S.-China trade talks and hopes that Britain was moving closer to a smooth exit from the European Union. U.S. officials signaled good news was coming after a second day of trade talks with China ended, boosting investor hopes that the world's two largest economies would agree to cool the fires of their 15-month tariff war. Sterling jumped nearly 2% versus the dollar for a second day, putting it on track for its largest weekly gain in more than two years after the EU Brexit negotiator reported a "constructive" meeting with his British counterpart.
- Reuters
GLOBAL MARKETS-Stocks bask in "warmer feelings" from trade talks, Brexit deal hopes
Global stocks and the euro rallied on Friday on signs of a detente in the U.S.-China trade war and hopes that Britain was moving closer to a smooth exit from the European Union. U.S. crude rose 1.46% to $54.33 per barrel and Brent was last at $60.16, up 1.79% on the day.
- FX Empire
Asian Shares Boosted by Trade Talk Optimism
“Big day of negotiations with China. They want to make a deal, but do I? I meet with the Vice Premier tomorrow at The White House,” Trump said in a tweet Thursday.
- TheStreet.com
Dow Futures Surge Higher, Global Stocks Rally on US-China Trade Talk Progress
Wall Street futures traded firmly higher Friday, while global stocks booked solid gains as investors returned to risk markets, following reports of a better-than-expected day one meeting between U.S. and Chinese trade officials that could potentially unlock the year-long dispute between the world's two biggest economies.
- Reuters
Japanese stocks rise to 1-1/2-week high; Seven & I shines
The Nikkei's benchmark index struck its highest in over a week on Friday as the safe-haven yen eased on hopes of progress in U.S.-China trade talks, and Seven & I Holdings, Japan's largest convenience store operator, gained sharply on restructuring plans. Top U.S. and Chinese negotiators wrapped up a first day of trade talks in more than two months on Thursday, as business groups expressed optimism the two sides might be able to de-escalate a trade war and delay a U.S. tariff hike scheduled for next week. U.S. President Donald Trump told reporters that his team had a "very, very good negotiation" with China, and reiterated his plans to meet with Liu at the White House on Friday.
