US Market closed near flat line, two potential acquisitions were called off with 21st Century Fox (FOXA 32.33, +1.03) terminating its pursuit of Time Warner (TWX 74.24, -10.95) and Sprint (S 5.90, -1.38) withdrawing its offer for T-Mobile (TMUS 31.06, -2.85), shares of Walgreen (WAG 59.21, -9.91) plunged 14.3%, which also contributed to the early weakness. The drugstore operator said it will acquire the remaining 55.0% stake in Alliance Boots that it does not currently own and that it will not move its corporate headquarters out of the United States, S&P found its support on the 100d MA, volume were below average @ 680mil shares...VIX @ 16,30 -3,38%...Fed's Lockhart spoke with CNBC after US market close, noting it was still a bit early to pull stimulus and that 2H 2015 is appropriate timing for rate lift. Lockhart added inflation expectations are well anchored, while forecasting annual GDP to trend near 3% trajectory...In Asia, Regional indices remain largely in the red despite some modest relief in the US as investors turn increasingly more cautious on emerging markets amid continued geopolitical tensions. Shanghai Composite is down again after an impressive run the last couple of weeks. Fitch warned speculation in the property sector could reemerge as a result of lifting of sector curbs and easing of credit...Nikkei +0.30% Hang Seng -0.55% Shanghai -0.70%
Eur$ 1.3385 S&P +0.16% EuroStoxx +0.20% Dax +0.09% Ftse +0.17% SMI +0.23%
Macro
- Recesssion Means Italy Needs Faster Reform: Renzi in Messaggero
- France May Earn EU500 Million From Regional Airport Sales: Echos
Keep an eye on :
- ADEN VX : Adecco 2Q Rev. Up; ‘Solid’ Performance, Steady Growth in Europe
- BCP PL : Portugal Suspends Naked Short Selling of Banco Comercial
- BES PL : Portuguese Banks May Contribute More in BES Takeover: Reuters {http://in.reuters.com/article/2014/08/06/portugal-bes-banks-idINL6N0QC5XN20140806}
- BNR GY : Brenntag 2Q Oper. Ebitda Misses, Seen at EU700m-EU720m This Yr
- BON FP : Bonduelle Says FY Revenue Above its Target Due to Solid 4Q
- BPOST BB : Bpost Raises Profit Forecast, Cuts Mail, Parcels Volumes Outlook
- CBK GY : Commerzbank 2Q Net Income EU100m, Est. EU127m
- CORA NA : Corio 1H Direct Result EU122.6m; Disposal Plan Ahead of Schedule
- DELB BB : Delhaize 2Q Rev., Underlying Ebit Beats Ests.
- DTE GY : Deutsche Telekom 2Q Sales Miss, Adj. Ebitda Beats; Keeps Targets
- ZIL2 GY :Elringklinger 2Q Ebit Misses Est., Rev. Beats; Outlook Confirmed
- EOAN GY : KKR, CVC Among Funds Interested in EON Spain Unit: Economista
- ILD FP : Iliad Doesn’t Plan to Increase T-Mobile US Bid: Les Echos
- KBC BB : KBC Groep 2Q Net Beats Ests. as Common Equity Ratio Up to 12.9%
- KCO GY : Kloeckner 2Q Ebitda Matches Est.; Sees 2014 Ebitda EU190m-EU210m
- MONC IM : Moncler 1H Rev. Up 19%, Says 1H Results Give Confidence for Yr --> Moncler Underlying Momentum More Positive, BofAML Says After 2Q
- MSK IM : Moleskine Expects 2014 Rev EU99m-EU101m
- MUV2 GY : Munich Re 2Q Net Income EU765m, Est. EU798m
- NESN VX : Nestle 1H Organic Sales Growth Beats Ests., CHF impact on Sales -8,8%, Announces CHF8b Shr Buyback
- NOVOB DC : Novo Nordisk 2Q Net Beats Ests.; 2014 Outlook in DKK Raised
- PAL AV : Palfinger 1H Rev., Earnings Rise; Sees `Moderately' Positive 2H
- 1913 HK : Prada Rises After 1H Sales Increase 1% Y/y
- RHM GY : Rheinmetall Cuts 2014 Forecast, Cites Russia Export Permit Loss
- RRS LN : Randgold 2Q Sales Rise, Costs Fall; Maintains FY Forecast
- RSA LN : RSA Reports 1H Pretax Profit of GBP69m; Irish loss GBP64m
- SAZ GY : Stada 1H Sales In-Line With Ests.; Keeps 2014 Forecast
- SBMO NA : SBM Offshore 1H Non-IFRS Net Loss $98m vs Loss $44m Y/y
- SGL GY : SGL Carbon 2Q Sales Miss Ests.; Confirms 2014 Forecast
- S92 GY : SMA Solar 1H Sales EU341m, Ebitda Loss EU17m; Sees Better 2H
- SY1 GY : Symrise Confirms FY Outlook, Expects Solid Demand in All Regions --> Symrise 2Q Sales Growth Weaker, Profitability Amazingly High: DZ
- UBIS LN : United Biscuits mandates Centerview for dual-track process; Kellogg considering GBP 2bn bid
- UBIS LN : United Biscuits Not in Sale Talks With Kellogg, Reuters Says
- US IM : UnipolSai 1H Net Income EU332.7m vs EU143.3m Y/y
- WWASA NO : Wilh. Wilhelmsen 2Q Net Declines; Sees Slow Volume Growth Trend
- ZURN VX : Zurich Insurance 2Q Net Income $837m, Est. $947m