US Market closed higher on ECB Announcement, Small Caps leaded the move with Russell 2000 +2,1%, Euro$ has been stronger after ECB, Industrials were strong helped by JOY +6,7% after numbers, energy (+0.6%) and materials (+0.4%) lagged. Meanwhile, the countercyclical side saw relative strength among utilities (+0.8%), while consumer staples (+0.4%), health care (+0.2%), and telecom services (+0.04%) lagged...Volume were higher than the last few days but still below average @ 615mil shares...today Non Farm Payrolls is going to be an important catalyst...VIX @ 11,68 -3,31%...- World Bank maintains its China 2014 GDP target of 7.6% and 2015 target of 7.5%, echoing comments from IMF head Lipton overnight suggesting that there is no evidence of a significant slowdown in China. Note that in contrast, the IMF
called on China to lower its 2015 GDP objective to 7.0% to achieve more sustainable growth. World Bank also said China has the ability to step up...Press spec. on PM Abe has requested the Health and Welfare minister to make a more concerted effort to press forward with GPIF pension fund reform to increase its investment in the stock market, official announcement could be made in Sept or Oct....Nikkei+0.14% HS-0.2% Shanghai -0.62%
Eur$ 1.3655 S&P Fut +0.12% European Fut. +0.25%
Macro
- Europe Luxury Momentum Not in Right Direction: HSBC’s Rambourg
- Investors Buy Bonds Amid Little Appetite for Risk: Citigroup
- Spanish Banks : Catalunya Banc's EUR 7bn Hercules portfolio attracts offer from Soros - Expansion
- Hansson Says ECB Measures Should Help Demand, Lift Inflation
Keep an eye on
- ACA FP : World Bank backs Crédit Agricole loans
- ADP FP : ADP, Partners Bid For LaGuardia Airport Revamp, Tribune Reports
- ATC NA : Altice's Patrick Drahi Hungry for More Cable, Telecom Deals {http://on.wsj.com/1rPctHg}
- BARC LN : Barclays Fine Leads to New U.K. Scrutiny of Derivatives Conflict
- BMPS IM : Monte Paschi to Offer Shares at EU1 Each in Rights Offering
- BNP FP : BNP Co-COO to Step Down as Part of Settlement, NYT {http://nyti.ms/1pIXgW2}
- CRG IM : Carige May Offer New Shares at 30%-40% Discount, Sole Reports
- DB1 GY : Deutsche Boerse Said to Explore Sale of ISE Options Business
- DBK GY : Deutsche Bank Will Pay Up to EU119m to Banks Underwriting Sale
- DBK GY : Deutsche Bank New Shr Sub. Price at ~17.4% Discount to TERP(Theorical Ex Right price = €27.2543), right start trading today until 20/06 on German Exch. until 18/06 on NYSE) - ticker DBKB GR
- DGE LN : Bacardi, Diageo Eye Bottling in Russia, Kommersant Reports
- DTE GY : T-Mobile US Jefferies comments suggesting potential DISH bid of $45/share {NSN N6PPXS6TTDSU <go>}
- EDF FP : Hollande’s Nuclear Target Will Create Difficulties, CEA Says
- FR FP : Valeo to Enter France’s CAC 40 as Vallourec Exits
- GDS FP : Ramsay Health Care prepares to sign French deal, $1.2 billion deal for a majority stake in GDS
- GSZ FP : GDF Suez May Sell Further Stake in Australian Assets: AFR
- 3389 HK : Hengdeli Flat after Prada numbers, Hengdeli -24% YTD
- IT IM : Italcementi Sale Price EU4.825/Shr in EU500m Capital Increase
- IMMP FP : Eurosic to Buy 89% of SIIC de Paris for EU850m
- INGA NA : ING to float Europe and Japan insurance arm {http://on.ft.com/ScHLau}
- 1913 HK : Prada Tumbles to Lowest Since 2012 After Earnings Miss -5.84% in HK
- SAN FP : Sanofi’s Viehbacher Sees No Reason to Join Pharma M&A Frenzy {NSN N6PEWN6JTSEN <go>}
- SN/ LN : Medtronic Smith & Nephew Buy Would Dilute 2014 EPS 5%-6%: BI
- UCG IM : UniCredit’s Fineco Seen Valued at EU3.5b: Reuters
- ZC FP : Zodiac Aerospace Buys U.S.-Based Greenpoint Technologies