Dow -0.38% S&P -0.35% Nasdaq +0.19% Russell -0.72%
US Market closed mixed with Nasdaq higher & S&P Lower. Eight out of eleven sectors finished the trading day in negative territory, with the energy sector (-1.5%) closing at the bottom of the leaderboard. OPEC, non-OPEC supply cap has been implemented at slower-than-expected pace. In addition, reports indicated that the recent growth in U.S. production was also ruffling some investors' feathers. The commodity closed its trading day 3.8% lower at $51.94/bbl. Financials (-0.8%), industrials (-0.7%), and consumer discretionary (-0.1%) rounded out the cyclical underachievers. On the countercyclical side, four out of five spaces finished in the red. Utilities (-1.3%) retreated the furthest, as telecom services (-1.1%), consumer staples (-0.7%), and real estate (-0.6%) performed slightly better. Heath care (+0.4%) was the lone non-cyclical representative in green territory. US After Hours CUDA +8% following earnings/gudiance, GNVC +57% extending late surge higher... HGG -24%, WDFC -5.5%, HALO -5% among names trading lower following guidance. Asian indices are mixed with Nikkei225 and ASX200 the biggest decliners by nearly 1% each; Nikkei weighed down by firmer JPY, as automakers, retail, and utilities lagged; Australia biggest decliners were in healthcare and energy, while mining names performed stronger. In FX majors, USD was under most pressure against JPY with a 100pip slide as low as 115.20; GBP/USD consolidated US session decline as fears of "hard Brexit" weigh on the pound. China CPI data were the highlight of the economic calendar; While CPI was largely in line with consensus at 2.1%, PPI spiked to a fresh 5-year high of 5.5% - 4th consecutive y/y increase - thanks to accelerating increase in commodity prices that will eventually translate into higher consumer prices; CPI components saw Food CPI at 2.4% v 4.0% prior and non-food at 2.0% v 1.8% prior.
Nikkei -0.79% Hang Seng +0.58% CSI -0.13% Shanghai -0.25%
Eur$ 1.0600 CNH 6.8765 CNY 6.9253 JPY 115.72 GBP 1.2151 CHF 1.0131 RUB 60.08 WTI $52 +0.04%
S&P -0.12% EuroStoxx -0.09% FTSE -0.05% Dax -0.18% SMI -0.01%
Macro :
- U.S. Fired Warning Shots at Iranian Boats in Strait of Hormuz
- Goldman Sachs Sees ‘Structural Break’ in Yuan Fixing Mechanism
- China Dec. Retail Auto Sales Rise 17.1% on Year, PCA Says
Keep an eye on :
- AENA SM : Spain Doesn’t Plan Further Sale of Aena Shares: Expansion
- ATLN VX : J&J Plans to Outline Average U.S. Price Raise of Its Drugs: WSJ
- AIR FP : Airbus May Post 8% Gain in 2016 Deliveries: Reuters
- AIR FP : China Airlines to Cooperate With Airbus on Maintenance
- AI FP : Air Liquide Wins ArcelorMittal Supply Deals in France, Belgium
- AKE FP : Arkema to Invest $90m in Texas Site Acrylic Acid Units Upgrade
- BAYN GY : CNBC: Monsanto CEO: Feeling positive on Bayer-Monsanto deal
- BMPS IM : Monte Paschi, Padoan Said to Discuss Restructuring Today: Sole
- BC IM : Cucinelli Expects Double-Digit Growth of Rev, Profit This Year
- CABK SM : Caixabank Launches ‘Family’ Commercial Drive, Expansion Reports
- CG US : Carlyle Said to Target $5 Billion for New U.S. Real Estate Fund
- CRAY US : Cray Falls After Saying ‘It Will Be Difficult to Grow Over 2016’
- DAI GY : Daimler CEO Expects Mercedes to Retain Lead Over BMW in 2017
- DBK GY : Deutsche Bank to Delay Strategy Decision, Handelsblatt Reports
- RF FP : Eurazeo Stake Held by Credit Agricole Rose to 15.42%: AMF
- ILD FP : Arcep’s Soriano: French V. High-Speed, 4G Coverage ’Disastrous’
- ILMN US : Illumina Jumps 14% Post-Market on Next-Gen DNA Sequencer
- INTC US : Intel Named Best Short Idea on Tough PC Comps After 1Q: Hedgeye
- ITP FP : Inter Parfums Falls as Household, Personal Products Index Slides
- ISP IM : Intesa Sanpaolo Bullish Options Volume Surges While Stock Slides
- PGS NO : PGS Says Vessel Booking ~95% Booked for 1Q, ~60% for 2Q
- SDF GY : K&S’s Salt-Unit Profit Lags Due to Weather, One-Off Effects: FAZ
- MC FP : LVMH CEO Discussed U.S. Expansion in Meeting With Trump: WWD
- MEO GY : Metro 1Q Sales Slightly Below Ests.; Maintains FY Outlook
- NOVN VX : Novartis CEO: Tax Reform May Trigger More Cash Chasing Assets
- ORA FP : Arcep Chief Says Ready to Regulate Orange More on Fiber: Echos
- ORA FP : Orange Invested in Fiber, Didn’t Inherit Network, Louette Says
- ROG VX : Roche Can Meet Its Five-Year Goals on Its Own: Pharma Unit Chief
- SAN FP : Sanofi Says U.S. Drug Pricing System Isn’t Working Properly
- SIKA VX : Sika 2016 Sales Rise 5.6%; Targets 7-8% Increase This Year
- UMI BB : Umicore Acquires NMC Battery Material Patents From 3M
- VOD LN : Vodafone Germany CEO Doesn’t See AT&T-Like Deal in Europe: SZ