US Market closed near flat line after Tue. Rally...The financial sector (+0.7%) took the lead shortly after the open, Financials notwithstanding, the remaining four advancers—consumer discretionary, industrials, materials, and technology—posted slim gains of no more than 0.3%. Of the four, the discretionary sector (+0.3%) had the best showing thanks to strength among media names. On the downside, the four countercyclical sectors—consumer staples, health care, utilities, and telecom services—lost between 0.2% and 0.7% while the energy sector (-1.1%) spent the day in a steady retreat while crude oil fell 1.8% to $101.48/bbl. Beige Book highlighted severe weather as a major headwind, but still see some expansion...VIX @ 13.89 -1.49%...- Nikkei225 is outperforming among the regional indices and JPY is on the back
foot after a report from Japan Govt Advisory Panel recommending that GPIF (Japan's largest pension fund) is less focused on JGBs, paving the way to a more aggressive investment in equities. - China finance minister Lou and also a state researcher backtracked from what the markets interpreted as an affirmed 7.5% 2014 GDP target overnight, suggesting the 7.2-7.3% would still be in the neighborhood of intended estimate. Recall NPC saw the 7.5% objective as "elastic", giving policymakers...NKY +1.59% HS +0.49% Shanghai +0.31%..
Eur$ 1.3727 S&P Fut +0.11% European fut +0.32%
Keep an eye on :
- AF FP : Air France Unions to Allow Transavia Expansion, Echos Says
- AV/ LN : Aviva 2013 Oper Profit Beats; Dividend Plan Exceeds Forecast
- BVI FP : Bureau Veritas Says Sales, Profitability to Increase in 2014
- SPR GY : Axel Springer 2013 Div. Beats Forecast; Steady Growth of Digital
- EN FP : Bouygues Offer Values SFR at EU14.5b, Sees EU10b Synergies
- DBK GY : Deutsche Bank Said to Seek Sale of Stake in Malaysian Brokerage
- DTE GY : Deutsche Telekom Sees Stable Ebitda in 2014, Lowers FCF Forecast
- EDF FP : EDF 2013 Nuclear Safety ‘Encouraging’, Inspector Says: Echos
- DEC FP : JCDecaux Takes Impairment Charge of EU129M on Billboard Weakness
- JUN3 GY :Jungheinrich 2013 Sales, Orders Rise
- KCO GY : Kloeckner 2013 Adj. Ebitda Beats Estimates, Sales Miss
- LOGN VX : Logitech to Buy Up to $250m of Shares
- MAERSK DC : Maersk Line to Focus on Cutting Bunker Costs in 2014: Knudsen
- BMPS IM : Monte Paschi Foundation Sold 8% Stake Yesterday, Sole Says
- ORA FP : Orange Sees 2014 Earnings Above Estimates, Cuts Dividend by 25%
- UG FP : Dongfeng CEO Says Dongfeng-PSA Accord to Be Signed March 26
- 1913 HK : Prada Poised for 19-Month Low; China to Impose Higher Luxury Tax
- SDR LN : Schroders 2013 Profit Beats; Says 2014 Likely More Challenging
- SVT LN : TAke over rumor after ofWat report
- UU/ LN : TAke over rumor after ofWat report
- VIV FP : Bouygues Offer Values SFR at EU14.5b, Sees EU10b Synergies