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The advertising could’ve been a thing of beauty: “You got your ketchup in my shampoo!” “No you got your shampoo in my ketchup!”
Alas, the great merger of Kraft Heinz and Unilever was not to be. The Warren Buffet-backed food group has dropped its pursuit of consumer products empire Unilever, just two days after confirming it sought to snap up its Anglo-Dutch rival.
There’s still plenty to look forward to as Asia opens the trading week, though. Futures tip Sydney’s S&P/ASX 200 index to open up just 0.1 per cent, while in Tokyo the Topix is expected to open 0.3 per cent lower and Hong Kong’s Hang Seng index is set to open down 0.3 per cent.
Corporate earnings reports out today include Brambles, BlueScope Steel, Minor International, Yokohama Rubber and WorleyParsons.
The economic calendar for Monday doesn’t want for high-profile data releases (all times Hong Kong):
- 07.50: Japan imports, exports, trade balance
- 10.30: Thailand Q4 GDP
- 16.00: Taiwan export orders
- 16.30 Hong Kong unemployment rate