US MArket closed mixed with S&P & Dow lower & Nasdaq small higher, Home sales helped market to rebound, chipmaker helped teh tech sector after CS call on the sector...Industrials were weak...Volume were abovew average @ 800mil shares...VIX @ 11.57 +2.75%...China official manufacturing PMI hit a 6-month high, meeting consensus at
51.0. Among the more notable components, New Exports returned to expansion of 50.3 v 49.3 m/m and Employment rose to 48.6 from 48.2. HSBC final PMI remained in expansion as anticipated by recovery in the Flash data, coming in at 50.7 v
50.8 initial estimate. HSBC chief China economist said the latest figure "confirms the trend of stronger demand and faster de-stocking", but also noting "there are still downside risks from a slowdown in the property market, which
will continue to put pressure on growth in the second half of the year."...- Bank of Japan put out its Q2 Tankan survey, with large manufacturing falling for the 1st time in 6 quarters given the consumption-tax related slowdown in economy
...Nikkei +1.19% Hang Seng -0.13% Shanghai -0.08%
Eur$ 1.3684 S&P +0.13% Eurostoxx +0.06% FTSE +0.01% Dax +0.04% SMI +0.15%
Macro
- Soros Says ECB Should Do Quantitative Easing
- U.S. targets range of firms in crackdown on illicit money flows {http://bit.ly/VBztvg}
- Paulson Says He Expects M&A Activity to Continue, Les Echos Says
- Global Equities May Rise 8-9% in 12 Months, UBS’s Haefele Says
Keep an eye on :
- AIR FP : Airbus Is Not Close to Deciding on A330 NEO, Les Echos Says
- ALV GY : Nippon Life to Invest in Allianz’s UK Infrastructure Debt Fund
- AR4 GY : Aurelius Current NAV Is 26% Higher Than Present Market Cap
- BES PL : Banco Espirito Santo Naked Short Sales Temporarily Banned
- BNP FP : Buy BNP, BofAML Says After U.S. Sanctions Fine, Overhang Removed
- BNP FP : BNP Agrees to $8.8bil, plead guilty, settlement includes parallel State, BNP Gets Add’l Capital Requirements From Swiss FINMA on Probe, Granted Waiver by SEC From Investment Adviser Ban
- CA FP : Carrefour to Buy 53 Supermarkets in Italy; Terms Not Disclosed
- CLN VX : Ashland, Clariant Complete Sale of ASK Chemicals JV to Rhone
- DB1 GY : Deutsche Boerse Said to Avoid Transaction Tax: Reuters Link
- DBK GY : Deutsche Bank’s Dutch Unit to Cut About 600 Jobs, Dagblad Says
- GBF GY : Bilfinger Lowers Outlook, (Sees 2014 Adj. Net EU230m-EU245m vs Est. EU270m) Sees Restructuring Costs,.
- GKP LN : Gulf Keystone rumoured to be planning JV with US company
- GLPG NA : Galapagos Starts Phase 1 Study for GLPG1690 Triggering Milestone
- HEI GY : HeidelbergCement to hire three banks for UK and US building products divestments
- IPN FP : Ipsen Submits Somatuline Marketing Applications in U.S., Europe
- OR FP : L’Oréal Settles FTC Charges Alleging Deceptive Advertising
- ROCKET INTERNET IPO : Rocket Internet Says Main Investors to Remain After Any IPO: DI
- RHK GY : Fresenius Sells 5% Rhoen-Klinikum Stake to Berenberg
- SAB LN : Diageo and SABMiller rise amid rumours of merger
- SZG GY : Salzgitter, Arcelor Staff in Eastern Germany Called to Strike
- TEL2B SS : Overweight Tele2, Asset Sales May Support 30% Upside: JPMorgan
- TLX GY : *TALANX RAISED TO OUTPERFORM VS NEUTRAL AT MEDIOBANCA