US Market had a modest rebound, but Nasdaq stayed ahead of other index after big underperformance, Energy & Materials were among best performers, With oil , copper & Gold trading higher. Voluem were above average @ 733mil shares...VIX @14.89 -4.37%...Alcoa +2.6% after hours beats on EPS Missed on Revs but Good Outlook on Alu demand...Asia indices are modestly higher aside from another steep sell-off in Tokyo, where Nikkei225 is driven lower by firmer JPY. Lower USD/JPY is tracking the overall USD weakness that follows a bid in US Treasuries where the yield on the 10-year has fallen to 2.68%. Traders are also citing broad disappointment from a neutral set of remarks from BOJ Gov Kuroda overnight, spoiling expectations for more easing...PBoC set Yuan mid-point firmer for the second consecutive session, possibly in response to overnight warning from the US Treasury. An unnamed official said
that "if the recent currency weakness signals a change in China's policy away from allowing adjustment, that would raise serious concern."...Nikkei -2.1%...HS +0.79%...Shanghai -0.02%
Eur$1.3792 S&P Fut -0.01% European Future : -0.06%
Macro
- Fed’s Evans Calls on Fiscal Policy Makers to Help Boost Growth {NSN N3QIRA6JIJVE <go>}
- JPMorgan Chase CEO Says France’s Future Worries Him, Figaro Says
- Some Swiss Companies Opt to Delist on Shareholder Law: WSJ
- ECB’s Noyer Cautions French Govt Against Delaying Deficit Cuts
- Weidmann: ECB Ready to Act If Period of Low Inflation Too Long
Keep an eye on :
- A2A IM : A2A’s Ravanelli Optimistic on 2H, Sees Further Cost, Debt Cuts
- BARC LN : Barclays Said to Move More Singapore Staff in Suburb to City
- BBGI LN : Jefferies Placing 8.7% Bilfinger Berger Global Stake, Terms Show
- CGG FP : CGG 1Q Vessel Availability Rate 94% vs 88% y/y
- DSY FP : Dassault Extends Tender Offer for Accelrys One More Time
- GALP PL : Galp Says Amorim Energia’s Direct Stake Remains 38.34%
- IND IM : Whirlpool May Propose All-Share Offer for Indesit: Il Sole
- KCR1V FH : Konecranes Sees Best Growth Potential for Port Cranes in Asia
- SDF GY : K&S : Potash Supply Overhang to Remain for ‘Foreseeable Future’: BNA
- KPN NA : KPN Won’t Return to Pre-2012 Dividend Levels, CEO Tells Dagblad
- MKS LN : Marks & Spencer to Close 2-5 Stores in Shanghai: China Daily
- ORCO FP : Orco Property EGM Cuts Share Par Value to EU1 From EU2 Per Share
- UG FP : Peugeot Plans to Reorganize Rennes Production, Le Figaro Says
- SAABB SS : Saab Looking at Buying ThyssenKrupp’s Kockums Shipyard, TV4 Says
- VIV FP : Vivendi’s Outlook Changed to Stable From Negative By Moody’s
- VOLVB SS : Volvo Delays Partnership Plans With Russian Tank Maker: Reuters
- WDI GY : Wirecard Div. Plan Matches BDVD Forecast; Posts 2013 EPS 74c/Shr