Dow+0,78% S&P+0,39% Nasdaq+0,31% Russell+0,50%
US Market start the week on an upbeat note, cyclical sectors fueling the early advance. Meanwhile, countercyclical groups struggled early, but only the telecom services sector (-0.3%) failed to turn positive by the closing bell. Apple (AAPL 127.09, +0.49)—showed intraday volatility, but ended higher by 0.4% after introducing new features to its MacBook lineup and unveiling the Apple Watch with retail prices for the latter ranging from $349 to more than $10,000 for a premium version crafted with gold alloys. energy sector (-0.7%) started in the lead, but settled at the bottom of the leaderboard even though crude oil advanced 0.7% to $49.96/bbl. volume were below average @ 750mil shares...US After Hours WATT +17.3%, MM +6.9%, URBN +5.8%, MIND -13.5%, TITN -12.1%, WPRT -10.2% following earnings/guidance...BBNK+14.2% on takeover news by WAL, SWKS+2.2% to replace PETM in S&P500...China inflation data were in focus in today's session, coming in mixed with a lower than expected PPI and higher than anticipated CPI. Food CPI contributed to the rebound, rising to 2.4% v 1.1% prior, while non-food CPI was up slightly at 0.9% v 0.6% prior. PPI has now been negative for 3 consecutive years, and the decline last month appears to have grown worse. NBS noted the drop was exacerbated by falling oil refining, chemical fibre, and material costs. Separately, PBoC Dep Gov Yi Gang said CPI would remain in positive territory in the near future, pointing to Japan and Europe having larger deflation risks than China. PBoC advisor Chen also noted there is no risk of hard landing in China as economy is stabilizing and improving. Japan Econ Min Amari sought to defuse overnight disappointment in slower than expected rebound in Q4 GDP, noting growth remains on solid recovery track. Amari added the downward revision was not necessarily pessimistic, since consumption is still expanding. In Europe, Greece Fin Min Varoufakis said Athens is preparing a new set of reform steps following reports that Eurogroup fin mins largely found last week's proposals to be unsatisfactory. In the mean time, ECB was reportedly planning a teleconference for Thursday to discuss the extension of ELA funding for Greece banks. In Ukraine, local military officials reported attacks by pro-Russian rebels outside the southern port of Mariupol - a large coastal city that was speculated to be the next likely target - despite reports that heavy artillery was being pulled away from the front lines by both sides.
Nikkei -0.67% Hang Seng -0.75% Shanghai -0.57%
RUB $60.70 WTI $50.02 Brent $58.27 EURCHF 1.0693 CHF 0.99
EUR$ 1.0800 S&P -0.22% EuroStoxx -0.17% SMI +0.08% DAX -0.09%
Macro
- France’s Sapin Says Need to Work ‘Extremely Quickly’ on Greece
- Greece to Appoint New National Bank Board End-Week: Naftemporiki
- China Feb. Retail Auto Sales Rise 24.8% on Year, PCA Says
Keep an eye on :
- ABI BB : AB InBev Legal Chief Chalmers Sells EU8.2 Mln of Brewer’s Stock
- AIR FP : Boeing Says Global Aviation Market Is Strong and Getting Better
- AIR FP : Airbus Sees A321 Driving 44% of Narrow-Body Output by 2016
- ANTO LN : Antofagasta Ordered to Knock Down Tailings Dam, La Segunda Says
- BESI NA : BE Semiconductor Involved in Apple Watch Production: Telegraaf
- BPI PL : Banco BPI in Talks to Raise Stake in Mozambique’s BCI
- ACA FP : Credit Agricole’s LCL to Cut 1,600 Jobs, Les Echos Says
- CSGN VX : Tidjane Thiam Said in Line to Become Next Credit Suisse CEO: FT
- EDF FP : France’s Macron Wants EDF-Areva Partnership, Not Merger: Reuters
- ELIOR FP : Elior Confirms Full-Year Targets as First-Quarter Net Jumps
- ENEL IM : Enel Turning Into Growth Utility, UBS Says; Reiterates Buy
- FCA IM : Chrysler Sued by Danaher’s Jacobs Over Engine Component Patent
- GALN VX : Galenica 2014 Ebit CHF370.2m, Est. CHF381.8m; Div. Beats BDVD
- GEBN VX : Geberit Buyback Resumption Positive Surprise, Berenberg Says, Geberit FY Results Above Estimates, To Resume Buyback Program
- GIL GY : DMG Mori Seiki AG, DMG Mori Seiki Co., Agree on Change Offer --> +3.71% in Tokyo (6141 JT)
- HNR1 GY : Hannover Re 4Q Net Income Beats Est.; Proposes Special Dividend
- LANS NA : Van Lanschot 2014 Adj. Profit EU54.2m vs EU33.5m; Doubles Div.
- MC FP : LVMH in Talks to Acquire Stake in Tous, El Confidencial Reports
- MAERSKB DC : Maersk Hires Danske to Sell Offshore Security Unit: Berlingske
- PRU LN : Prudential 2014 Operating Profit Rises 14% Y/y; Div. Beats
- RCO FP : Remy Cointreau Plans to Shut India Unit: Economic Times Link
- RWE GY : RWE 2014 Ebitda Beats, Recurrent Net in Line; Beats Costs Target
- SY1 GY : Symrise 2014 Sales Beat Ests.; Targets 2015 Ebitda Margin >20%
- UBSN VX : UBS Group Requests to Exchange Shares of UBS AG Minority Holders
- VOW3 GY : Volkswagen’s Winterkorn Sees No Acquisitions, Die Welt Reports