Dow+0.08% S&P-0.36% Nasdaq-0.69% Russell-0.70% Brazil +0.29% VIX :19.40 (-0.72%)
US MArket closed mixed with Dow Flat & S&P & Tech in negative territory. Some disap. data in europe didn't helped the sentiment. Biotech is still a sector experiencing heavy pressure -3.6%, with Health Care following -2.3%. cyclical sectors, energy (+2.2%) and materials (+1.3%) continued their recent show of relative strength, extending their respective week-to-date gains to 5.1% and 4.0%. Commodity prices were behind today's charge as crude oil surged 4.9% to $48.53/bbl wit. Volume were in line with average at 950mil shares. US after Hours YUM -17.0%, NUS -6.8%, ADBE -3.3%, NG -0.8%, ATI -0.7% following earnings/guidance, MDCO +8.4% (co and SymBio Pharmaceuticals established a strategic partnership for IONSYS in Japan), ADXS -24.5% (reported Clinical Hold of Investigational agent Axalimogene Filolisbac; expects hold to be resolved expeditiously and without significant interruption to the HPV clinical development program)...Asian indices are mixed, tracking less upbeat sentiment on Wall St where stocks broke a string of 5 consecutive sessions of gains. BOJ declined to offer any additional monetary policy easing and also maintained its economic assessment on broader economy and all of its components. Few were expecting expanded QE. Earlier today, former MOF official Sakakibara (Mr. Yen) said expanded QE may actually arrive later in December. China put out its FX reserves data showing the govt spent about $50B supporting the Yuan in Sept - about half the estimated amount but still a notable margin. Moody's revised China GDP target for next year down to 6.3% from 6.5%. This also follows the WEO report out of the IMF earlier today which actually maintained China GDP at 6.8% in 2015 and 6.3% in 2016. Slowing GDP in China was also on display in the quarterly report out of Yum Brands, where the pace of recovery was well below the company's expectations.
Nikkei +0.62% Hang Seng +1.35% Shanghai closed
Eur$ 1.1262 CNY 6.3561 JPY 120.06 GBP 1.5249 EURCHF 1.0884 BRL 3.8526 RUB$ 63.3664 WTI $49.37 (+1.75%) GOLD 1,151
S&P +0.17% EuroStoxx-0.20% Dax -0.25% SMI-0.20%
Macro :
- Algebris Goes Long on Chinese Stocks for 1st Time: WSJ
- Schaeuble Says ECB Policy ‘Very Difficult’ W/Out Economic Union
Keep an eye on :
- ABI BB : Asahi (3333 JP) +3% in Tokyo on numbers
- AIR FP : Bombardier Said to Approach Airbus on Major CSeries Stake: Rtrs. Bombardier Says It Will Continue to Explore Possible Deals
- ALU FP : Alcatel-Lucent to Retain Undersea Cables Subsidiary
- ATCB NA : Altice’s Drahi, Goei, Okhuijsen Buy B Shares, AFM Filings Show
- AZN VX : AstraZeneca’s Brilinta Faces Paragraph IV Challenge, FDA Says
- BATS LN : BAT rumoured to have hired advisers for Imperial Tobacco deal
- POP SM : Banco Popular proposes EUR 5bn real estate assets bad bank spin off
- BMW GY : Brilliance +2.56% in HK
- BNP FP : BNP Paribas Unions Break Off Talks Over Pay, Les Echos Says
- DRI GY : Drillisch takeover offer being prepared by United Internet - Der Aktionaer
- FNC IM : Finmeccanica to Sell Fata to Grupo Danieli; No Terms Disclosed
- GLEN LN : 805 HK +6.5% in HK, 2.1mil shares traded (vs 7mil yest & 11mil on Mon.)
- GLEN LN : Glencore’s Freyberg Says Commodity Pricing Is Key Challenge
- GLEN LN : Qatar Said to Remain Top Glencore Holder After Recent Share Sale
- ITX SM : Inditex Asia Expansion Appears Limitless: CEO Isla
- KER FP : Balenciaga Said to Name Demna Gvasalia to Succeed Wang: WWD
- KCO GY : Kloeckner Revises Down 3Q EBITDA on ’Poor Market Conditions’
- MMB FP : Lagardere, Google Agree Partnership, Les Echos Says
- MC FP : Hengdeli +1.87% in HK
- NOK1V FH : Nokia to Create 4 Groups in Networks Unit After Alcatel Takeover
- OHL SM : OHL to Issue New Shares at EU5.02/Shr to Raise EU999M
- PRADA (1913 HK) : +6.9% in HK, was up more than 10% during the session
- RNO FP : Renault Considering Giving Voting Rights to Nissan: Nikkei
- TLSN SS : TeliaSonera Eurasian exits could fetch EUR 3.5bn; M&A spree unlikely