US MArket Closed Lower, Again Russel & NAsdaq lead the retreat, VIX see some demand - VIX @ 15.57 +11.53%...Volume were above average @ 820mil shares...As widely expected, Bank of Japan elected to wait for more clarity on the
extent of headwind from higher sales tax before deciding on further policy adjustment. BOJ left its monetary base setting intact (increase of ¥60-70T annual pace) and also maintained economic assessment of "moderate recovery" in domestic economy for the 8th consecutive meeting...Samsung Electronics posted mixed preliminary Q1 figures - Op profit KRW8.40T v KRW8.3Te, Rev KRW53.0T v KRW54.6Te - with the full report to be made available at the end of the month. Shares initially traded down over 1% on revenue miss before recovering some ground...In notable Chinese press reports, property agency Centaline announced sales of second-hand homes in Beijing during March fell to a 6-year low for the month at 8.9K units. Separately, Securities Journal speculated the govt may announce fresh measures on investment, seeking to stabilize growth and expand consumption...Nikkei-1.16% HS+0.91% Shanghai +1.88%
Eur$1.3744 S&P Fut+0.16% European Fut -0.10%
Macro
- Germany Aims to Lower Debt/GDP Ratio to Below 60%: Handelsblatt
- Copper Demand Seen Picking up in Second Quarter by CRU
Keep an eye on :
- AF FP : Air France to Increase Latin America Capacity, Les Echos Says, KLM CEO Eurlings Seeks to Expand JVs in China, FD Reports
- BNP FP : French Regulator Fines BNP’s Cardif EU10M, Les Echos Says
- BP/ LN : BP Included in Spanish Probe of Possible Fuel Price-Fixing
- EN FP : Free is negociating the purchase of Bouygues Telecom
- CA FP : Motier (Holding Galreies Lafayette) Buys 6.1% Stake in Carrefour )~44mil shares 50d of volume with 1/3 vol if done recently price could be around 27.3 (My own calculation)
- OLE SM : Carlyle, Foreign Bidders Said to Submit Deoleo Offers: NYT Link
- HNR1 GY : Hannover Re Says Capital Allows Dividend Payouts, Acquisitions
- ISP IM : Intesa Proposing Strong Investment Case, Upgraded at Mediobanca
- NDA GY : Aurubis Agrees With China Copper Buyers to Annul Some Shipments
- NDA SS : Nordea Sees Future Dividend Ratio Similar to Swedbank’s 75%
- SAF FP : Safran Seeks Partner in Internet Security, Les Echos Says ( Sent Earlier )
- SAP FP : SAP Adds ‘Cloud’ Access to Business Suite Software: WSJ Link
- SGO FP : *GROUPAMA SELLS 1.8% SAINT-GOBAIN STAKE IN PRIVATE PLACEMENT
- SOP FP : Sopra, Steria to Merge in a 1 For 4 Offer
- SPD LN : Ashley Selling Sports Direct Shrs at 850p-870p Each: FT
- STCBF FH : Stockmann’s Lindex May Open Own China Stores After Partner Left