Dow -0.22% S&P -0.10% Nasdaq +0.20% Russell +0.20%
US Market closed lower. Tax reform worry after failure of healthcare reform pushed mkt lower. White House Press Secretary Sean Spicer said that according to Treasury Secretary Steven Mnuchin, a tax reform package is expected in August. The technology (+0.1%), materials (+0.3%), and consumer discretionary (unch) groups also settled in positive territory. Large-cap tech names like Apple (AAPL 140.88, +0.24), Microsoft (MSFT 65.10, +0.12), Alphabet (GOOGL 838.51, +3.37), and Intel (INTC 35.39, +0.23) underpinned the top-weighted tech group's outperformance. real estate (-0.6%) and telecom services (-0.7%), consumer staples, and utilities--finished with losses between 0.1% and 0.5%. US After Hours
RHT +5.5%, DRI +4% following earnings, Weichai investment pushes PSIX +50% higher. Key Asian equity indices are higher with the exception of the mainland, as market takes note of the rebound on Wall St to much more benign losses relative to the tumble in the morning session. Investors are willing to test a bottom in hopes that the White House has learned its lesson from the healthcare debacle to seek a broader consensus as it moves forward to more economy sensitive tax reform, deregulation, and infrastructure investment. In FX, JPY was under some early pressure on risk-on flows, with USD/JPY rising about 25pips above 110.80. Other USD majors are consolidating recent greenback selling in narrow ranges with an eye on Tuesday's Consumer Confidence data. In China, CNY weakened after PBoC set its yuan fix lower for the first time in 5 days. PBoC also skipped its open market operations for the first time in 3 days pledging it will maintain relatively tight liquidity.
Nikkei +1.14% Hang Seng +0.42% CSI -0.24% Shanghai -0.45%
Eur$ 1.0852 CNH 6.8674 CNY 6.8852 JPY 110.73 GBP 1.2553 CHF 0.9686 RUB 56.9581 WTI$ 47.92 (+0.40%)
S&P +0.15% EuroStoxx +0.36% FTSE +0.34% DAX +0.53% SMI +0.57%
Macro :
- Fed's Evans Sees Only Two 2017 Hikes If Uncertainty Lingers
- ECB’s Praet Says Deposit Rate Is Key Signal of Policy Stance
- Kushner to Testify to Senate Intelligence Panel on Russia
- Equities Are Least Expensive Asset Class, Credit Suisse Says
Keep an eye on :
- AIR FP : Qatar Air Could Seek to Order Planes for New Indian Arm This Yr
- AAG GY : Aumann: Greenshoe Option Fully Exercised After IPO
- BCVN SW : Vaudoise to Acquire Berninvest AG and Meyer Asset Mgmt AG
- BLVN LN : BowLeven Returns to Profit, Considers Crown Ocean Strategy
- COB LN : Cobham Plc to Raise GBP512M in 2-for-5 Rights Issue
- CBK GY : Commerzbank Weighs Outsourcing Securities Settlement: SZ
- CSGN VX : Commerzbank Weighs Outsourcing Securities Settlement: SZ
- EDP PL : EDP Accepts Offer for Naturgas, Will Post EU700m Capital Gain
- EOAN GY : EON Seeks to Raise Up to EU3b in Debt Market: FAZ
- ERICB SS : Ericsson to Name Ulf Ewaldsson Head of Networks: DI
- ERICB SS : Ericsson Sees 1Q Provisions of SEK7b-9b Due to Negative Trends
- GWI1 GY : Gerry Weber: Buyback of Up to 500,000 Shares to Start March 28
- HBH GY : Hornbach Family Places 1 Mln Ordinary Shares on Capital Market, Hornbach Holding Shares Placed at EU65.50/Share, Terms Show
- IBE SM : Iberdrola Bids for Isolux Brazilian Power Lines: Expansion
- MMB FP : Lagardere Seeks Financial Partner for Its Relay Stores: BFMTV
- EGL PL : Mota-Engil Full-Year 2016 Net Income EU50m vs EU19m Y/y
- NRE1V FH : Nokian Renkaat Names Hille Korhonen as CEO
- UG FP : France Says It’s Reorganizing Ownership of PSA Stake
- SNAP US : Snap Rises as Much as 7%, Options Trading Surges
- TSRO US : Tesaro Wins Earlier-Than-Expected FDA Approval for Niraparib
- TSCO US : Two Tesco Shareholders Come Out Against Booker Takeover: FT
- TSCO LN : Tesco to Take GBP235m Charge; Buyers Entitled to Compensation
- UU/ LN : United Utilities Says Trading in Line With Expectations
- VNA GY : Vonovia: 93.09% of Conwert Shareholders Accept Takeover Offer
- VOW3 GY : VW Says JV With Jianghuai Approved by Chinese Provincial Govt
- WOS LN : Wolseley 2Q LFL Revenue Growth 4.8%; Will Exit Nordic Region