US MArket Closed higher to new records, financials (+0.1%) lagged while the discretionary sector (+0.7%) finished among the leaders, volume were below average @ 640mil shares...VIX @ 13,09 Unchanged...Brazil raised rates for the 9th time in the current tightening cycle, meeting expectations of a 25bp hike to 11%... Shanghai Composite has reversed from the higher open, as soft non-manufacturing PMI prints appear to overshadow the "targeted stimulus" announced
by policymakers overnight. Rail names rallied (1186 HK+8.9%, 390 HK +6.7% 1766 HK +3.7%) after China Cabinet unveiled accelerated investment in the sector along with tax reduction for small companies. However the index retreated, as both HSBC Composite Services PMI and non-manufacturing official PMI fell 0.5pts in March. HSBC chief economist noted that "combined with the weaker manufacturing PMI reading, the underlying strength of the economy is softening... which should ultimately weigh on the labour market." Nikkei+1.08%...HS+0.2%...Shanghai-0.65%
Eur$ 1.3760 S&P -0.05% European Future -0.616%
Keep an eye on :
- AZA IM : Alitalia may reach agreement selling 40% stake to Etihad by end of week
- BARN SW : Barry Callebaut 1H Sales Match Estimate, Confirms Targets
- BMPS IM : Monte Paschi New Shareholders to Nominate CEO, Stampa Says
- CSGN VX : Credit Suisse Says Kielholz, Brabeck To Step Down From Board, CHF468M Charge Primarily for U.S. Probe
- DNLM LN : Dunelm 3Q LFL Sales, Gross Margin Beat Ests.
- DPW GY : State Is Holder Like Any Other: Dt Post CEO Tells Handelsblatt
- ENI IM : Mozambique May Approve Eni Stake Sale of Gas Field: Reuters Link
- GSZ FP : GDF Suez Favorite for French Sea-Based Wind Power Tender: Echos
- HMB SS : H&M Says It’s Testing Markets in China’s 2nd, 3rd-Tier Cities
- ISG IM : Isagro Sees 2014 Rev. EU152m, Ebitda EU14.8m; Dividend in 2016
- JEN GY : UBS Placing 4.88m Jenoptik Shares, Terms Show
- LHA GY : Lufthansa CEO Franz Hopes for Quick Deal With Pilots: Bild
- MMB FP : Lagardere Sells 10 Magazines to Reworld Media, Rossel: Echos
- MRB FP : *KINGFISHER TO BUY MR BRICOLAGE AT AGREED PRICE/SHR OF EU15, SAYS TOTAL EV IS AROUND €275M
- KN FP : Natixis to Increase Japan Staff by 50% in Asian Expansion Push
- 1913 HK : Prada’s Bertelli Doesn’t See China Luxury Market Slowdown: Echos -6.88% in HK
- RECIB SS : Recipharm IPO Price Set at SEK78/Shr; Gross Proceeds of SEK815m
- RXL FP : Ray Investment Selling 27m Rexel Shrs in ABB
- SAN FP : Sanofi Chief Expects Strong Growth in Africa: Reuters Link
- TEF SM : Telefonica/E-Plus Deal Said to Get 2 Weeks More to Make EU Offer
- TLSN SS : TeliaSonera CEO Says ‘Not Ruling Out’ Tele2 Norway Assets
- TPL LN : Tethys to Export Kazakh Gas to China From January, Chairman Says
- VASTN NA : *VASTNED TO SELL UP TO EU110M OF CONVERTIBLE BONDS
- VIV FP : Vivendi Says Bailiff Attempted to Enter Its Offices Over SFR
- VOD LN : Vodafone to Open 150 Shops, Add 1,400 U.K. Jobs Over 12 Months
- WFT SW : Weatherford Board Approves Domicile Move to Ireland (Earlier)