Dow-0.20% S&P+0.08% Nasdaq+0.30% Russell+0.32%
US MArket closed near the flat line as a rebound in the heavyweight health care (+1.1%) sector compensated for a downturn from the oil pit, WTI rallied 66.2% since its closing low of $26.14/bbl on February 11. gold (-2.1%; 1,226.80/ozt), iron ore (-6.3%; $54.65/mt), and copper (-2.3%; 2.10/lb). AGN+6% after losing 4.1% on friday, IBB+2.6%. consumer discretionary (+0.3%), consumer staples (+0.6%) and utilities (+0.5%). on the downside commodity-sensitive energy (-1.2%) and materials (-1.3%). Volume were in line with average at 941mil shares. US After Hours SCTY -20%, MNKD -15%, NVCR -15%, SSNI -13.6%, BLOX -13%, GPS -12.8%, INVN -10.4%, AAOI -10%, FRGI -9.5%, SEDG -8.4%, RAX -8%, JUNO -3% following earnings/guidance, LC+2.4% on SEC Review, NLS+2.3% on share buy back, NLNK-35% on Phase 3, ZTS-2.5% on Ackman Sale of 17m shares. Asian equity markets are finally seeing some risk-on flows come in after 4 straight losing sessions, with the latest China inflation figures bolstering the case for price recovery along with reports of govt support of the trade sector.Nikkei225 is the top performing index as USD/JPY rose 50pips from the lows above 108.80. In Japan, Econ Min Ishihara also stated that the govt is closely monitoring market moves, calling for a combination of monetary easing and fiscal stimulus to tackle slow progress on inflation.
Nikkei +2.03% Hang Seng -0.17% CSI 300 +0.17%
Eur$ 1.1379 CNH 6.5421 CNY 6.5177 JPY 108.79 GBP 1.4407 CHF 0.9720 RUB$66.5475 WTI$ 43.38 ( -0.14%)
S&P +0.24% EuroStoxx+0.62% Dax +0.46% SMI +0.37%
Macro :
- Fed’s Kashkari Tells Reuters June Rate Move Is ‘Possible’
- China April Retail Auto Sales Rise 6.4% on Year, PCA Says
- China April Consumer Prices +2.3% Y/y; Matching Estimate
- German Industrial Output Falls for Second Month as Demand Cools
Keep an eye on :
- ABG SM : Ditecsa Prepares Offer for Abengoa Unit, Expansion Reports
- ARL GY : Aareal Bank 1Q Net Interest Income Rise; Confirms 2016 Forecast
- ADEN VX : Adecco 1Q Revenue Beats Estimate; Says Continued Solid Growth , CEO Says Brexit Fears Only Hitting U.K. High Skilled Jobs
- AF FP : Air France KLM April Group Traffic Rises 2.5%, Unit Rev. Down
- AGFB BB : Agfa Says on Track for 2016 Adj. Ebitda Margin Target of 10%
- ALV GY : Allianz Life Hires Kropp From Genworth to Oversee $100 Billion
- NDA GY : Aurubis 2Q Revenue, Ebitda Fall; Confirms FY Forecast
- BPE IM : Pop. Emilia Weighs Bid for All 4 of Italy’s Rescued Banks: MF
- GBF GY : Bilfinger Plans Annual Savings of EU100 Mln on Admin Functions
- CO FP : Vietnam to Tax Casino for Central Group Deal: Tuoi Tre
- CSGNN VX : Credit Suisse 1Q Posts Net Loss, Pretax Loss
- CSGN VX : Credit Suisse Said to Delay Completion of Risk-Bond Sale
- DECB BB : Deceuninck 1Q Sales Up 6%; Sees Continued Growth Throughout 2016
- FGR FP : Eiffage 1Q Rev. Drops to EU2.99b; FY Rev. Seen Falling Slightly
- ENEL IM : Enel 1Q Adj. Net EU795m vs Est. EU776m; Rev. EU17.9b
- EUCAR FP : Europcar 1Q Net Loss Narrows to EU20m, in Line With FY Targets
- FAGR BB : Fagron CFO Jan Peeters Steps Down, Also Leaves Board: De Tijd
- FER SM : Ferrovial May Mull Quitting Joint Airport Bid Plan With ICA:Rtrs
- HNR1 GY : Hannover Re 1Q Operating Profit Beats; Keeps FY Forecast
- HDD GY : Heidelberger Druck Returns to Profit, Redeems High Yield Bond
- IDR SM : Indra 1Q Ebit Rises to EU29M from EU1M Loss Year Earlier
- ING NA : ING Group 1Q Net Income Drops 29%, Beats Estimate
- ITV LN : ITV Cut at Morgan Stanley Ahead of 1Q on Slowing U.K. Ad Trends
- JUN3 GY : Jungheinrich 1Q Sales Rise 8%, Misses Est.; Confirms Outlook
- SDF GY : K+S 1Q Ebit I In Line With Estimates; 2016 Outlook Confirmed
- KCR1V FH : Terex/Zoomlion merger could be announced in a week or two; Konecranes reiterates still in talks with Terex - Kauppalehti Online
- LHN VX : LafargeHolcim's India asset sale is back on track after Dalmia Cement withdraws appeal
- LSE LN : LSE/Deutsche Boerse not approached by CME - MergerMarket
- MUV2 GY : Munich Re Sees 2016 Profit of EU2.3b, Saw EU2.3b–EU2.8b
- KN FP : Natixis 1Q Net EU200m; Est. EU223.5m
- COX FP : Nicox 1Q Rev. Rises, 1Q Cash Burn Had Non-Recurring Expense
- NOK1V FH : Nokia 1Q Sales Miss Ests.; Sees FY Networks Sales Declining , Nokia 1Q Adj. Gross Margin Beats; Sees More Deal Synergies
- OERL SW : Oerlikon 1Q Sales, Ebitda Fall; Maintains 2016 Forecast
- P1Z GY : Patrizia 1Q Operating Result Rises, Confirms Outlook (Earlier)
- RNO FP : Mitsubishi Motors / Nissan to cover customer costs from scandal - http://s.nikkei.com/1OkGHbx
- SAZ GY : Stada investor AOC wants to abolish registered shares with restricted transferability - Frankfurter Allgemeine Zeitung
- SAN FP : Medivation Said to Explore Sale After Interest: Reuters - http://reut.rs/1NoypVd
- SYM GY : Symrise 1Q Revenue Below Estimates, Confirms Outlook
- TEG GY : TAG Immobilien 1Q NAV Rises, LTV Ratio Drops
- TKA GY : Thyssenkrupp Cuts FY Forecast on Steel Price; Beats 2Q Estimates, CFO Repeats Consolidation Needed in Steel Sector
- TIT IM : Telecom Italia Said to Submit Offer to Acquire Metroweb
- TRELB SS : Trelleborg New Buy at UBS; Stands Better Equipped Than Ever
- FP FP : Total to Sell Off German Chemicals Division Atotech: Le Figaro
- USG NA : Water Island Capital Reports 3.03% Stake in USG