Asia markets begin Christmas week higher; Nissan-Honda merger deal in focus

Investors will be looking out for any official announcement of a merger between Japanese automakers Honda Motor and Nissan Motor.

Asia markets climbed after a U.S. government shutdown was averted and as a cooler-than-expected inflation reading helped lift U.S. markets Friday. Asia-Pacific markets started the holiday-shortened Christmas week on a positive note, with investors awaiting the official announcement related to the merger of Japanese automakersMonday that the presidents of Honda, Nissan and Mitsubishi have informed Japan's industry ministry that they have entered into merger talks. They are expected to hold a press conference Monday afternoon, according to a Google translation of the report in Japanese.

How Gen X and millennials are changing the face of the traditional family office as they inherit over $80 trillion, the Fed's preferred inflation gauge, accelerated to 2.4% in November from 2.3% the previous month, but was still lower than the 2.5% estimate from Dow Jones.Storm Team 4

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Japan's Honda and Nissan to reportedly begin merger talksNissan and Honda plan to enter into negotiations for a merger to better compete in the rapidly changing automotive industry, the Nikkei newspaper reported.
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Nissan, Honda Shares React to Merger SpeculationNissan's stock surged while Honda's dipped after reports that the Japanese automakers might merge under a holding company. The Nikkei newspaper reported that Honda and Nissan are planning to sign a memorandum of understanding soon, potentially bringing Mitsubishi Motors, in which Nissan holds a 24% stake, under the umbrella. While Nissan confirmed exploring collaboration possibilities, no decisions have been made.
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Carlos Ghosn Claims Japan Forced Honda Into ‘Desperate’ Nissan Merger TalksThe former chairman of Nissan criticized the potential Honda merger, calling it a desperate move lacking industrial logic or practical synergy
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