Dow-0.08% S&P-0.07% Nasdaq-0.35% Russell-0.56%
US Market closed on th highs of the day after a final hour rally and a volatile day. Uncertainty ahead of Yellen Testimony today(10am NY Time), inccreased volatility. Nikkey Action & European Banks move increased pressure on US Markets. WTI crude tumbled 6.0% to $27.93/bbl after IEA Report, API to be published today. IBB rebound from lows. materials (+1.2%) and health care (+0.7%) showing the largest advance. The remaining advancers posted gains between 0.7% (health care) and 0.4% (utilities). FB & GOOGL closed lower. volume @ 1.12bil shares above average. US After Hours LLNW +20%, AKAM +15.7%, PAYC +13.8%, MKTO +9.9%, SCTY -32.6%, OESX -23.8%, DIS -2.9% following earnings/guidance. Asia Trade lower again. Declines in Tokyo are heavier again, with USD remaining on the back foot against the yen as traders anticipate a considerably more dovish set of remarks from Fed Chair Yellen in Congress tomorrow. Japan's new Econ Min Ishihara reiterated that the country's economic fundamentals have improved recently, attributing volatility to external factors. PM Abe deferred to the BOJ on guiding monetary policy and expressed confidence in Gov Kuroda's decisions despite continued volatility in the bond markets.
Nikkei -2.31% Hang Seng Closed Shanghai Closed
Eur$ 1.1290 CNH 6.5513 CNY 6.5743 JPY 114.76 GBP 1.4477 CHF 0.9726 RUB$79.48 WTI$28.46 (+1.86%)
S&P -0.26% EuroStoxx+0.22% Dax+0.215 SMI+0.37%
Macro :
- ECB’s Villeroy Sees Downside Risks to European Recovery
- Gross: Global Margin Call Forces De-Risking, Hold Cash Reserves
- Obama’s Clean-Power Plan Put on Hold by U.S. Supreme Court
-
Villeroy Says He’s Not Worried About Situation of French Banks
Keep an eye on :
- ABG SM : Abengoa Sees EU700m in Short-Term Liquidity Needs: Efe
- ATC NA : Altice Cablevision Purchase Should Close 2Q, COO Combes Says
- BP IM : Banco Popolare CEO says important progress made in merger talks - Il Messaggero
- DAI GY : Daimler Recalls Airbags on 840k U.S. Vehicles;Sees EU340m Charge
- DBK GY : Deutsche Bank Said to Mull Multibillion-Euro Bond Buyback: FT
- DSM NA : Third Point Reports Smaller DSM Stake of 2.66% in AFM Filing
- GFI FP : GFI Group Loses Bid to Dismiss Shareholder Suit
- LI FP : Klepierre FY EPRA NAV EU34.7 Per Shr; FY EU705M Goodwill Charge
- LUN DC : Lundbeck FY Revenue Beats Ests.; Sees Return to Growth
- ML FP : Michelin to Present Reorganization Plan by End-March: Les Echos
- OPERA NO : Opera Software Reports Recommended Cash Offer at NOK71/Shr
- ORP FP : Orpea FY Rev. EU2.39B; Targets EU2.72B Rev. in 2016
- RNO FP : Renault Expects to Double India Sales in 2016 on Kwid Demand
- SAB LN : Asahi Reaches Agreement With SABMiller to Buy Brands: Nikkei