US MArket Closed Higher, seeting new record while Ukraine reamins in focus but not a real issue anymore but investors still nervous as market had a brief dip on news of Russian test of a intercontinental ballistic missile...VIX @ 14.10 -11.87%...China National People's Congress unveiled its 2014 targets, most notably maintaining the 7.5% GDP objective - in line with 2013 target when the economy grew 7.7%. China is also targeting national budget spending to rise 9.5% to CNY15.3T, trade growth 7.5%, retail sales to rise 14.5%, M2 money supply 13%, and maintaining CPI goal below 3.5%. Furthermore, state council said to maintain proactive fiscal and prudent monetary policy, extend yuan floating
rate, expand VAT trial, and further reform the pension system. Despite the seemingly ambitious reform agenda, some analysts are skeptical that policymakers are serious about meaningful change given the apparent slowdown in the economy not reflected by the growth target...Nikkei +1.20%...HS-0.44%...Shanghai -0.99%
Eur$ 1.3728 S&P Fut -0.15% European Fut -0.32%
Keep an eye on :
- ADS GY : Adidas Sees 2014 Net Income EU830m-EU930m; Analyst Est. EU1.01b,4Q Adj. Sales Rise 12% Led by Latin America, Asia
- ALPH SW : Alpiq Sees Continued Pressure on Wholesale Prices in Outlook
- BARC LN : Barclays, Deutsche Bank Accused of London Gold Fix Manipulation
- GBB FP : Bourbon 2013 Ebitda, Dividend Beat Estimates; Net Income Rises
- EN FP : Bouygues to submit offer for Vivendi's SFR {http://reut.rs/1hJamNP}
- CA FP : Carrefour 2013 Recurring Oper. Inc. Beats; Margin Rises
- DBK GY : Barclays, Deutsche Bank Accused of London Gold Fix Manipulation
- ELIOIR : Elior Plans IPO Around Third Quarter, Le Figaro Says
- ENI IM : ENI to Start Producing Gas in Mozambique as Soon as Late 2018
- NCLH US : Genting HK to Cut Norwegian Cruise Stake, May Sell Rest
- NOVN VX : Novartis India May Face Penalties Over Document: E. Times Link
- RNO FP : Nissan, Renault to Share 70% of Auto Parts by 2020, Asahi Says
- ROG VX : Roche’s Lebrikizumab Data Show Drop in Asthma Attack Rates
- GLE FP : SocGen’s Oudea Bonus for 2013 Increases 18% from Previous Year
- PWTN SW : Panalpina 4Q Sales Rise, Posts Loss
- RI FP : Pernod Among Companies Vying For Whyte and Mackay Stake: ET Link
- SCOR FP : Scor 2013 Net Income Beats Estimates; Dividend Plan In Line
- SCVB SS : Scania Will Continue to Grow, VW CEO Says: Svenska Dagbladet
- VOLVB SS : Cevian Continues to Increase Volvo Stake, Dagens Industri Says