Dow -0.08% S&P -0.09% Nasdaq -0.15% Russell -0.07%
US market begin the week on a quiet note, with all index settling lower. WTI crude rallied 3.0% ($43.07/bbl; +$1.24) amid reports that several members of OPEC are attempting to revitalize a production freeze agreement. The energy component extended its August gain to 3.6%. Seven sectors ended in the red with heavily-weighted industrials (UNCH) and technology (UNCH) showing the slimmest losses. On the flipside, financials (+0.1%), materials (+0.2%), and energy (+1.2%) outperformed. On the M&A front, Mattress Firm (MFRM 63.75, +34.01) spiked after Steinhoff offered to acquire the company for $64 per share. Volume were below average with 772mil shares traded. US After Hours SINA +5%, MCHP +4.4% higher following earnings, CPS +1% on S&P SmallCap 600 addition news... TUBE -22%, MTW -12.8%, GPS -5.2% on earnings/guidance/SSS, BMRN -4% on secondary offer. Asian equity markets are gaining modestly despite incremental declines on Wall St as expectations of policy accommodation in the region continue to run high. China consumer inflation has met consensus estimates but slowed for the 3rd straight month to 1.8%, remaining well below the 3% target. GBP/USD tested below 1.30 level for the first time in nearly a month on comments from a BOE hawk McCafferty who acknowledged that further easing is likely to be necessary as it was difficult to forecast the headwinds from the Brexit vote on the economy. Japan Steel +9% on Q1 numbers,
Nikkei +0.69% Hang Seng -0.11% CSI +0.52% Shanghai +0.45%
Eur$ 1.1078 CNH 6.6705 CNY 6.6627 JPY 102.43 GBP 1.2984 CHF 0.9837 RUB $64.7559 WTI $42.64 (-0.88%)
S&P +0.02% EuroStoxx -0.20% Dax -0.18% SMI +0.01%
Macro :
- China July Retail Auto Sales Rise 23.3% on Year, PCA Says
- Atlante 2 Seen Having EU2.5b-EU3b Commitments End Sept: Quaestio
Keep an eye on :
- ABI BB : AB InBev Chief Supply Officer Kraemer Nets EU4.87m With Options
- AC FP : Colony Starwood 2Q Core FFO/Shr 39c Tops Est. 38c
- ALU FP : Alcatel Aims to Capture 10% of Pakistan Market: E.Tribune Link
- ATC NA : Altice 2Q Earnings Grow While Promotions Weigh on SFR Results
- BARC LN : Barclays Agrees to Pay $100m to Settle State Libor Probes
- BPOST BB : Bpost 2Q Adj. Ebitda Misses Ests.; Mail, Parcel Vols Top Ests.
- BMRN US : BioMarin Falls 4.1% After Announcing 7.5m-Share Stock Offering
- BP/ LN : BP Said to Hire Investment Bank to Sell 50% Secco Stake: Reuters
- CO FP : Casino Guichard confirmed the launch of offer for CNOVA @ $5.50 a share.
- DAI GY : Mytaxi to Expand to More Countries After Hailo Merger: Hailo CEO
- DOW US : Dow Chemical Sees $20b China Annual Sales in 20-25 Yrs: Nikkei
- EDF FP : EDF Renewable Energy Confirms 160 MW Turbine Order With Vestas
- FINGB SS : Fingerprint’s New CEO Sees Growth Prospects in New Segments: DI
- GALN SW : Galenica Raises FY Ebit Guidance for Vifor Pharma
- MUV2 GY : Munich Re 2Q Net Income Beats; Outlook Reiterated
- NRE1V FH : Nokian Renkaat 2Q Profit Beats Estimate; Forecast Reiterated
- OCDO LN : Morrison Said to Sign Home Delivery Deal With Ocado: Sky
- P1Z GY : Patrizia Immobilien Confirms 2016 Guidance on Operating Income
- RAND NA : Randstad to Buy Monster Worldwide for $429 Million
- SFR FP : SFR 2Q Rev., Adj. Ebitda Decline as Promotions Weigh on Results
- SL/ LN : Standard Life 1H AUA Rises 7%, Div. Increased 7.5%
- TEVA IT : Allergan Now Largest Teva Holder After Sale of Generics Business
- LANS NA : Van Lanschot to Buy Staalbankiers’ Private Banking Activities
- VOE AV : Voestalpine 1Q Profit Drops 64%; Sales Fall on Lagging Demand
- VOW3 GY : VW Plans 2-Day Production Halt at Emden Plant: Reuters
- VOW3 GY : VW Fined EU5m in Italy for Emissions Control Manipulation