US Market closed slightly higher on Friday, Financials contiune to OP, investors are trying to evacuate the Ukraine situation, pricing that the worst won't happen...Volume were just below average @ 710mil shares ...VIX @ 14.11 -0.77%...No economic data today...Soft weekend economic data from China have once again put a dent in the
seemingly resilient economic sentiment from last week....seemingly resilient economic sentiment from last week. February terms of trade saw its first contraction in nearly a year and also the biggest deficit in 2 years, as exports surprisingly fell 18.1%. Shipments to US, EU, and Japan were all down double digits despite the expectations of rising demand from improving economic conditions in those markets. Stats bureau was quick to attribute the deficit to the distortions caused by the timing around the Lunar New Year, so the jury on the China trade as a gauge of global demand may still be out until March figures. Meanwhile, China CPI also came in surprisingly tame, with annual CPI hitting a 13-month low of 2.0%. Local press has surmised the February data may force the govt into a fiscal stability policy, and several analysts also hinted that weak economy may persuade the increasingly-hawkish PBoC to decelerate its mopping up of excess liquidity to forestall the risk of deflation...- Japan revised its Q4 GDP to a final figure of 0.2% from 0.3% q/q and 0.7% on annualized basis vs 1.0% prelim...Nikkei -1%....HS-1.75%...Shanghai -2.06%...
Eur$ 1.3878 S&P Fut -0.48%...European Fut -0.23%
Keep an eye on :
- ARYN SW : Aryzta Says Guiding Double Digit Underlying EPS Growth in 2014
- EN FP L Bouygues in Talks to Sell Mobile Network to Free for EU1.8b
- EN FP : Iliad-Bouygues Talks Make Regulator’s Task Simpler, Echos Says
- BP/ LN : BP Goes From Top Pentagon Fuel Supplier to U.S.’s Biggest Loser {NSN N27FSQ6JTSE9 <go>}
- CNA LN : Centrica Reiterates Plan to Double North America Earnings: FT
- DAI GY : Daimler Sells Stake in Toray Carbon Venture, Handelsblatt Says
- GAS SM : Gas Natural to Sell Telecoms Unit to Raise Cash: Confidencial
- GSZ FP : GDF Questioned by French Regulator Over Suez Env. Ties: Echos
- HELN SW : Helvetia 2013 Profit Up 9.9% to CHF363.3M, Est. CFH360M
- HOT GY : Hochtief to Consider Full Leighton Takeover in Future. Leighton +11.4% in Sydney (LEI AU) , to Make A$22.15/Shr Proportional Bid for Leighton
- ILD FP : Iliad 2013 Net Income Misses Estimates
- MS IM : Mediaset in Talks With Telefonica on Digital Plus Stake: Sole
- ONO SM : Ono Shareholders Moving Ahead With Plans for Madrid Listing: WSJ
- SGL GY : SGL Carbon Posts Loss on Impairments, Restructuring
- SU FP : *SCHNEIDER IN EXCLUSIVE TALKS TO SELL CST SENSORS UNIT: ECHOS
- SY1 GY : Symrise 2013 Rev. In Line, Targets Mkt Growth Outperformance
- TDC DC : TDC Buys 50% of Small Danish Competitor Justfone, Borsen Reports
- THR BB : ThromboGenics Awarded EU3m for Diabetic Macular Edema Research
- VIV FP : French Competition Probe of SFR Deal Could Take 9 Months: Figaro
- VOD LN : Vodafone Could Offer as Much as EU7.5b for Ono, Expansion Says