Dow-0.43% S&P-0.77% Nasdaq-1.48% Russell-1.17%
US Market closed lower for a third day. The materials space (+3.1%) ended comfortably in the lead after it was reported that DowChemical (DOW 56.97, +6.07) and DuPont (DD 74.49, +7.89) are in advanced merger talks. Both names surged 11.9% with DuPont's strength keeping the Dow ahead of the broader market. energy sector (+1.3%) ended well ahead of the broader market, but it is worth noting that today's gain occurred after the growth-sensitive group gave up 4.8% over the past two days. Crude oil, however, could not remain in the green, ending the day lower by 0.9% at $37.18/bbl even though the latest storage report from the Energy Information Administration showed the biggest inventory draw in four months. That storage report briefly propelled crude into the $39.00/bbl area, but the ensuing reversal in oil coincided with the turn in the equity market that left just three sectors in the green when the closing bell rang. USD moved lower vs JPY & Eur. Volume continue to trade above average @ 975mil shares. US After Hours AMSC +16.9%, OLLI +7.5%, MW -15.2%, FLSR -9.8% following earnings/guidance. Asian equity markets are trading mixed again in the wake of 3rd consecutive losing session on Wall St. Nikkei225 and S&P/ASX are underperforming - the former weighed down by stronger JPY amid some extreme USD selling following earlier hawkish comments from ECB's Nowotny while the latter is reacting to strong Aussie jobs numbers further deflating expectations of RBA rate cuts. Bank of Korea left rates at record low levels of 1.5% in a unanimous decision, offering mixed commentary.
Nikkei -1.32% Hang Seng -0.30% Shanghai -0.70%
Eur$ 1.0994 CNY 6.4392 JPY 121.65 CHF 0.9855 GBP 1.5176 RUB $69.2682 WTI $37.42
S&P +0.28% EuroStoxx
Macro :
- China Nov. Auto Sales Rise 23.7% Y/y
- Billions of Barrels of Oil Vanish in a Puff of Accounting Smoke
Keep an eye on :
- ABG SM : Abengoa Adviser Says Liquidity Needs Are 450m Euros: Reuters
- ABG SM : Banks Said to Press Abengoa to Sell Bioenergy Unit: ABC
- AF FP : French Co-Flying Sites to Face Same Rules as Air Cos: Echos
- AIR FP : Lufthansa May Be Airbus A320neo Launch Operator, ATW Says
- AIXA GY : Aixtron Sees 2015 Rev. About EU190m, Below Est. EU195.2m --> -14% in US (AIXG US)
- B5A GY : Bauer, Schlumberger Agree Oil & Gas Drilling Joint Venture
- BNS IM : Beni Stabili CEO Told Analysts No Fonciere Merger: Radiocor
- CABK SM : CaixaBank to Buy Barclays Spain Insurance Business: Expansion
- CSGN VX : Credit Suisse, Baer Eye Bids for BTG Pactual’s Swiss Unit: Rtrs
- EDF FP : EDF Raises Ebitda Organic Growth Forecast for 2015
- ERF FP : Eurofins Selling 1 Mln Primary Shares in Transaction: Terms
- FRA GY : Fraport Nov. Traffic ‘Strongly’ Affected by Cabin Crews’ Strike
- GLEN LN : Glencore Sees 2016 Ebitda of ~$7.7b at Current Prices, to Cut Net Debt to $18b-$19b by End of 2016
- HBH GY : Hornbach Baumarkt Cuts FY Earnings Target on ‘Unsatisfactory’ 3Q
- ITX SM : Inditex 9M Ebitda EU3.33B; Est. EU3.32B
- KCO GY : Kloeckner & Co. Takes Goodwill Impairment of EUR270m on N.A. Ops
- KPN NA : Vodafone Seeks Damages From KPN Over Network Access for TV: FD
- LHA GY : Lufthansa May Be Airbus A320neo Launch Operator, ATW Says
- RI FP : Pernod Says US Spirits Market Outpacing Beer; Brazil Difficult
- REP SM : Repsol Buys $1.525B of Talisman Debt, Cuts Interest Payments
- RR/ LN : Rolls-Royce to Make A330neo Engines in Singapore, Asherson Says
- TEC FP : Technip, FMC Technologies Said to Be in Advanced Merger Talks http://reut.rs/1HVmOdz BUT Technip Says It Is Not in Talks for a Strategic Transaction this morning
- TUI LN : TUI FY Profit Beats, Sees FY16 Adj. Ebita Up at Least 10%
- UCG IM : UniCredit Aims to Finalize Ukraine Sale in Early 2016, CEO Says
- XCH LN : Capita Confirms Doesn’t Intend to Revise Xchanging Cash Offer