US Market closed Higher, small cap leaded the move (Russel +1,8%), Nasdaq lost 2,5%on the month as Russel only lost 1%, Yellen comments helped the sentiment (Considerable support for some time)...Volume was above average @ 620m shares...VIX @ 13,88 -3,68%...China twin manufacturing PMIs once again revealed a divergence - the official
figure suggesting a modest rebound in the performance of the larger state-owned enterprises, while the HSBC final print sank to a new 8-month low, presumably reflecting softer performance by the smaller firms. Analysts appear to be
siding with the more cautious view, which is actually boosting local equity markets on rising expectation of a more proactive fiscal response by the State Council. HSBC chief economist reiterated that view, noting the latest figure
"implies that 1Q GDP growth is likely to have fallen below the annual growth target of 7.5%. We expect Beijing to fine-tune policy sooner rather than later to stabilise growth."...Separately in China, 21st Century Business Herald reported construction firm Xuzhou Zhongsen Tonghao has defaulted on about CNY180M in interest payments, which is the first private equity debt default in China...Bank of Japan released its quarterly Tankan survey results for Q1. While the
current quarter conditions improved from Q4, the outlook for the next quarter suggests a notable slowdown. Japan Fin Min Aso remarked after the data that the Tankan shows economy benefiting from Abenomics, but still requiring a steady
implementation of short-term support measures...Nikkei-0.12%...HS+0.82%...Shanghai+0.43%
Eur$1.3775 S&P Fut. +0.12% European Fut. +0.23%
Keep an eye on :
- ABI BB : Anheuser-Busch Inbev Completes Purchase of Oriental Brewery
- ACS SM : Alba Sells 4.11m ACS Shrs for EU28.515/Shr
- ALO FP : Alstom Agrees to Sell Unit to Triton for EV ~EU730m
- ALV GY : *ING REMOVES PIMCO AS SUBADVISOR ON 2 FUNDS, REUTERS SAYS
- BBVA SM : Six Spain Banks Plan to Start Company Debt Fund, Expansion Says
- BLT LN : BHP Continues to Actively Study Next Phase of Simplification
- BP/ LN : BP Sees ‘Significant’ Reduction in Brazil Activity and Headcount
- BWO NO : BW Offshore Signs $2.3b LOA With Premier Oil for Catcher FPSO
- DAI GY : Daimler Seeks Partner in Russia to Produce Cars, Vedomosti Says
- DEXB BB : Dexia Sees EU220M Impact Fom ECB Asset-Quality Review
- ENST LN : Essentra May Carry Out Bolt-On M&A, Goldman Says
- KPN NA: KPN's German Deal Will be Approved, Bernstein Says
- MMB FP : Groupe Lagardere has acquired Casino de Paris for undisclosed amount
- RWE GY : Germany's plans to exempt existing power plants from the renewable support surcharge
- SAP BB : Sapec 2013 Net Loss EU23.3 Mln Vs Net Profit EU8.4 Mln
- SCL1V FH : Scanfil Buys Schaltex Systems for EU6.6m; Raises 2014 Outlook
- SOW GY : Software AG Sells SAP-Service Ops in DACH Region to Scheer
- SUEL IN : Suzlon Energy declines to comment on subsidiary LSE listing rumor; takes over US debtor Big Sky
- TIT IM : Telecom Italia Holders Urged to Back Recchi as Chairman: Reuters
- VOLVB SS : Volvo Shareholders Plan Counter Proposal for Board Pay, DN Says
- WEIR LN : Weir Group in Talks on GBP8.5b Merger With Metso: Times