US market closed little changed, the industrial sector was pressured by transport stocks, and specifically, airlines, consumer staples (+0.2%) and telecom services (+0.5%)—posted gains, while the utilities sector (-2.0%) finished at the bottom of the leaderboard for the second day in a row, relative strength of biotechnology was unable to boost the Nasdaq Composite...VOlume were light @ 585mil shares...VIX @ 10,82 -2,96%...A research note from S&P reiterated baseline projections for US GDP of 2.3% in 2014, 3.1% in 2015, supported by "steady improvement in manufacturing activity employment numbers and consumer sentiment." That report was also upbeat on the auto sector for the next 12-18 months, given low interest rate environment and recovering property sector...AUD/USD moved sharply for the 2nd consecutive day (0.9378) after mixed chinese data...China's largest cement maker Anhui is up nearly 5% in Shanghai after guiding H1 net profit to rise 90%. China's Qilu Bank also clarified that the recent missed loan payment was not related to a local government financing vehicle (LGFV). Yesterday, reports noted Qilu Bank sued the vehicle over bad loans, raising the possibility of the first official admission of a default by local govt...Nikkei -0.18% Hang Seng -0.09% Shanghai +0.22%
Eur$ 1.3650 S&P -0.06% EuroStoxx +0.03% FTSE +0.05% Dax +0.04% SMI +0.14%
Macro
- Renzi: German Past Violations of EU Budget Rules Spurred Growth
- France Could Sell Shares in GDF, Orange, Renault, L’Opinion Says {NSN N84DZ16S9728 <go>}
- HSBC India June Composite PMI 53.8 vs 50.7 in May
- HSBC China June Services PMI 53.1 vs 50.7 in May
Keep an eye on :
- AF FP : Air France: Rio-Paris Crash May Be Referred to Criminal Court
- ANA SM : Acciona Prepares Medium-Term Note Program of Up to EU1b
- AZN LN : Astrazeneca Resumed at Underweight at JPMorgan; PT 3,700p
- BARC LN : Barclays Considers Halting Sale of Spain Banking Unit: Expansion
- BARN SW : Barry Callebaut 9m Revenue Up 22% to CHF4.3b; Confirms Outlook
- CBK GY : Commerzbank Sees Double-Digit Growth in China: Boersen-Zeitung
- ENX FP : Euronext Says 1H Performance Strongest 6 Months Since End-2011
- F IM : Fiat Shareholders to Vote Aug. 1 on Chrysler Merger
- FIE GY : Fielmann 1H Group Sales Rise 7%, Pretax Profit Up 16%
- FRE GY : Fresenius Says After-Tax Gain From Rhoen Stake Sale About EU34m
- HEI GY : HeidelbergCement Gave Reassuring Messages at CMD, Citi Says
- ING IM : Ingenico Enters Exclusive Talks to Buy GlobalCollect For EU820m
- SDF GY : K+S Makes Plans Beyond Canada Mine for Specialties, Salt Growth
- LAMDA GA : Blackstone bought 10% stake for E20,2mil - (47% discount vs market cap)
- MS IM : Mediaset close to selling 22% stake in Digital Plus to Telefonica - La Stampa
- SIE GY : Siemens Chasing U.S. Natural-Gas Boom Has ‘Firepower’ for Deals
- SHP LN : AbbVie CEO tells Shire shareholders that sweetened bid will only come after due diligence - FT
- TFI FP : TF1 Audience Share Recovered to 24.6% in June, Le Figaro Says
- VOD LN : Vodafone Wins EU Antitrust Approval for Ono Cable Deal in Spain