US Market closed lower, following European weakness on cautious European growth data, Al top tech growth names were under pressure (FB, AAPL, TWTR, LNKD), utilities were up again today outperforming, consumer staples (-0.2%), energy (-0.2%), and materials (-0.3%) settled ahead of the broader market, but could not climb into the green...Volumes were still light @ 670mil shares...VIX @ 11,98 +5,74%...AA Reported better numbers, trading +1,6% after Hours...International Paper Board approves $1.5B buyback program (7% of market cap)...Citi Reportedly nearing deal to resolve mortgage probe with US investigators; expected to pay over $4B...Asian Markets continue to follow US & Europe onOvervaluation concerns, Chinese Inflation below expectation(2.3% vs 2.5%) & Well short from Gov targets (3.5%),australia consumer confidence continue to recover but remained weaker than average...Nikkei -0.20% Hang Seng -1.29% Shanghai -0.49%
Eur$ 1.3619 S&P +0.01% EuroStoxx +0.19% FTSE +0.02% DAX+0.12% SMI +0.06%
Macro
- Big Question for Brazil Mkts Post-Cup Concerns Protests: SocGen {NSN N8FD976S972L <go>}
- Why UBS Says Brazil’s 7-1 Trouncing Is Bearish for Stock Market {NSN N8FB216S972N <go>}
- Templeton’s Mobius Sees China Heading in ‘Right Direction’: FUW
- Consumer Credit in U.S. Jumped in May Amid a Pickup in Loans to Buy Autos
- Liberum Says Funds Managers See Pickup in M&A, Lists Targets {NSN N8FJOZ6JIJUR <go>} (Lists most likely targets: Asos, AstraZeneca, Balfour Beatty, Bovis Homes, Costain, CSR, HaloSource, Hyder, ITV, Johnson Matthey, Jupiter Fund Management, Mothercare, New Britain Palm Oil, Spectris, Syngenta, Tarsus, UBM)
Keep an eye on :
- ADS GY : Adidas Said to Offer Manchester United More Than $100m/Year Deal
- AIR FP : U.K. SFO Quizzes 2 Airbus Staff on Alleged Saudi Corruption: FT
- AIR FP : Airbus Sees China Market to Pull Even With U.S.: China Daily
- AREVA FP : Areva, Niger Continue Discussions on Two Uranium Mines: AFP Link
- BARC LN : Barclays Said to Plan $1.4 Billion Sale of Natural Resource Unit
- BATS LN : BAT rumoured to be closing in on Reynolds American buyout at USD 75 per share or more - Daily Mail
- BMW GY : Brilliance china (1114 HK) -2.69$
- COMB BB : Bois Sauvage Issues 46,504 Shares on Warrant Exercise at EU239
- CBK GY : Depfa, Commerzbank Said to Sell Detroit Bonds at 60 Cents: WSJ
- DAI GY : MV Agusta considers IPO or sale of minority stake to Daimler -Il Sole 24 Ore
- FER SM : Ferrovial Emisiones Fixes Price for EU300 Mln Bonds Due 2024
- GFS LN : G4S Unit, Geo May Get Boost Via Obama’s Immigration Request: BI
- IT IM : Italcementi Ready to Grow if Opportunity Arises: Corriere
- NOVN VX : Novartis Former Exec Says Fired For Whistle-Blowing: WSJ Link
- NUM FP : SFR Told by Regulator to Revise 4G Advertising, Echos Says
- PUB FP : Global Advertising Spend to Double Pace in 2014, EMarketer Says
- SAN SM : Varde, Blackstone, Canyon Buy Santander HQ Debt, Expansion Says
- SDRL NO : Seadrill Limited Cancels $1b Conv Bond Issuance
- SHP LN : AbbVie Says It Hasn't Gotten Written Support for Shire Offer
- SW FP : Sodexo 9M Organic Rev. Growth Misses; 2014 Organic Forecast Cut