US Market closed on a mixed note, The financial (+0.3%), industrial (+0.2%), and consumer discretionary (+0.2%) sectors all exhibited relative strength and helped keep losses in check, information technology sector (+0.1%) also outperformed helped by Apple, Losses in Chevron and Exxon weighed heavily on the energy sector (-1.3%), which was the worst-performing sector in the S&P 500. It was followed by the utilities sector (-1.0%), which traded lower as Treasury yields moved higher. volum were still light @ 578mil shares, VIX @ 12,25 +2,25%...US after Hours : TERP +4.7%, HELE -9.1%, GWRE -4.5%, AVNW -3.9% following earnings/guidance...PMI prints out of the far east has also been mixed, HSBC chief economist warned the "economy still faces downside risks to growth in the second half of the year from the property sector slowdown. We think policy makers should use further easing measures to help support the recovery." In Japan, LDP Sec Gen reiterated PM Aso may look to raise sales tax to 10% in principle, despite more cautiously oriented urging by his economic advisor. JPY
remains under pressure, with USD/JPY topping 105.20...Nikkei +0.65% Hang Seng +1.58% Shanghai +0.80%
Eur$ 1.3132 S&P +0.13% EuroStoxx +0.19% FTSE +0.23% DAX +0.14% SMI +0.32%
Macro
- HSBC India Aug. Composite PMI 51.6 vs 53 in July
- HSBC China Aug. Services PMI 54.1 vs 50 in July
- Renzi Won't Drop EU80 Rebate, Eyes EU20b in Cuts: Sole Interview
Keep an eye on :
- AAL LN : Glencore May Bid for Anglo American in 2015, Jefferies Says
- BN FP : Danone to Separate Chairman/CEO Roles, Names Faber CEO
- BIM FP : BioMerieux 1H Rev. Up 3.6%; Net Down 34%; Confirms 2015 Forecast
- BOSS GY : Permira’s Red & Black to Sell 7.9m Shrs of Hugo Boss
- BSLN SW : Basilea niche antifungal focus hurts sale prospects
- CSGN VX : Credit Suisse Probes Alleged Misconduct on Trading Desk: WSJ
- AM FP : Dassault Aviation May Buy 10% of Its Shares From Airbus: Echos
- ENEL IM : Italy PM Renzi: Not a priority to sell govt stakes in Eni and Enel
- ENI IM : Italy PM Renzi: Not a priority to sell govt stakes in Eni and Enel
- GBBT FP : Bourbon Swings to 1H Loss on Project Delays, Cost Cuts
- GBT FP : Guerbet's Lipiodol Approved by French Medicine Agency
- GLEN LN : Glencore, Vale Break Off Talks on Combining Nickel Assets: Rtrs
- GLEN LN : Glencore Makes Formal Offer for BHP Nickel West Unit, West Says
- ICAP LN : ICAP Said to Seek Buyer for Brazil Brokerage for Individuals
- INGA NA : Voya Financial Enters Buyback Pact With ING for $300m
- ITX SM/ HMB SS : Fast Retailing(9983 JP) +2.9% on Uniqlo Aug SSS
- KER FP : Kering Plans to Take Back Control of Eyewear Ops Value Chain --> -ve for Safilo & LUX
- MEO GY : Metro AG to Sell 156.6m Shrs in Booker (BOK GY), Raises About GBP196m Gross
- NATN SW : Nationale Suisse 1H Profit, Gross Premiums Rise
- NOVN VX : Novartis Says Gilenya Data Shows Redefining MS Treatment Goals
- ORA FP : Orange’s Richard Says French Market Doesn’t Justify 4 Operators
- PUB FP : Advertising Tech M&A Likely, CRTO Top Target: Goldman
- SAN FP : Sanofi Dengue Vaccine Works on All Four Types in Clinical Trial
- SBRY LN : Rumors of Qatari interest again
- TEF SM : Telefonica Plans Capital Increase in Spain, Valente Says
- TSCO LN : potential target for Walmrt
- TUNG LN : Tungsten to Raise ~GBP12m W/New Shrs Offer
- VOD LN : could be a target for Softbank after they walked away from Tmobilw
- VTW GY : United Internet to Buy 74.9% of Versatel Shrs for EU586m