Dow+0.21% S&P+0.51% Nasdaq+0.55% Russell+0.46%
US MArket closed higher helped by a rebound on oil. WTI crude ended its day higher by 4.8% at $38.23/bbl. Energy was best performer followed by Heavy tech that balanced financials weakness. energy space managed to re-enter positive territory for the year with today's trade, as the group shows a gain of 0.7% over that period. Telecom was worst performer. volume were below average with 933mil shares. US After Hours XOMA +21.7%, OGXI +14.3%, CNAT +13.5%, BOX +12.5%, PEIX +10.5%, OME -21.4% following earnings/guidance, EXXI-37% on Reuters article on possible bankruptcy. Asian equity markets are mixed to positive, tracking the modest rally on Wall St, as investors prepare for Thursday's mammoth ECB decision amid growing expectations of further policy easing. China Feb CPI of 2.3% hit its highest level since July 2014, though the food components spiked up to 7.3% from 4.1% going into the Lunar New Year while non-food CPI actually slowed to 1.0% v 1.2% prior. There was also increasingly more chatter devoted to China's property sector - a PBoC official warned about the risks of a "subprime"-like crisis in housing, adding that regulators should only incentivize activity in 3rd-tier and 4th-tier cities rather than the 1st-tier cities where prices have already heated up. With the debate about the need to delay the 2nd round of sales tax hikes in Japan heating up, BOJ Gov Kuroda said the next increase will likely have about half of the impact relative to the first, which sent Japan into recession. Kuroda did acknowledge that the impact of that initial hike was bigger than anticipated.
Nikkei +1.26% Hang Seng +0.45% Shanghai-0.85%
Eur$ 1.0981 CNH 6.5176 CNY 6.5157 JPY 113.68 GBP 1.4202
Macro :
China Feb. Consumer Prices +2.3% Y/y; Est. +1.8%
China Feb. Vehicle Sales 1.58m Units vs 2.5m Units in January
Keep an eye on :
- ABG SM : Abengoa Said to Be Reviewing Creditors’ Restructuring Plan
- ABI BB : AB InBev Procurement Chief Milikin Sells EU2.05m of Stock
- ABN NA : ABN Amro, SBM Offshore to Join AEX Index, Euronext Says
- ALT FP : Altran Raises Dividend by 27%, Sees More Profitable Growth 2016
- POST AV : Austrian Post Maintains Dividend, Targets Stable Operating Ebit
- AV/ LN : Aviva to Sell Health Insurance Ops in Ireland to Irish Life
- BAYN GY : Bayer Plans to Introduce Modified Soybeans in Brazil This Yr
- BOL SS : Boliden to Acquire Finnish Kevitsa Mine for $712m Consideration
- GBB FP : Bourbon Sees ‘Moderate Decline’ in 2016 Adjusted Revenue
- BPOST BB : Bpost Adj. Ebitda Forecast Meets Ests.; Sees Stable Dividend
- BWO AV : Immofinanz to Offer 10m Buwog Shrs in Accelerated Bookbuilding
- CA FP : Carrefour 2015 Recurring Oper. Income In Line, Div. Misses
- FCA IM : Reportedly announcing changes to US standalone strategy for Fiat brand; informs dealers they can now close standalone Fiat showrooms
- GFT FP : Vivendi unlikely to raise Gameloft offer in the absence of a rival bid - MergerMarket
- HNR! GY : Hannover Re 4Q Profit Rises 26%; Plans to Pay Special Dividend
- BOSS GY : Hugo Boss Takes Steps to Address U.S., China; Div. Below Ests.
- ILD FP : Iliad 2015 Ebitda Meets, Net Income Misses Ests.
- IIA AV : Immofinanz Sold 10m Buwog Shares for EU171m
- ISP IM : Intesa CEO Says Negative Rates Not Sustainable: Handelsblatt
- INW IM : Telecom Italia Said to Seek at Least EU5 a Share for Inwit
- INW IM : Inwit: Cellnex/F2i consortium to present offer on 14 March
- BAER VX : Edmond de Rothschild (Suisse) Reports Record Net Inflow CHF8.2b
- KARN SW : Kardex 2015 Net Rises 8.4%, Raises Dividend, Sees Demand Growth
- SDF GY : K+S 4Q Revenue Misses Est., Div. Beats; Prudent on 2016 Outlook
- MMB FP : Lagardere Sees Recurring Ebit Growth Over 10%; Div. Unchanged
- LEG GY : LEG Immobilien 2015 FFO Exceeds Forecast; Raises Dividend
- LIN GY : Linde 4Q Oper. Profit In Line; Sees Challenging Mkt Environment
- LSE LN : Deutsche Boerse/LSE to Change Chairman in 3 Yrs: Handelsblatt
- MRB FP : Mr Bricolage 2015 Net EU9.6M vs EU14.0M; Div. EU0.30/Shr
- 1913 HK : Prada Has ‘No M&A Possibilities,’ Rally Isn’t Sustainable: Bocom
- RFRG NA : Refresco Gerber 4Q Rev. Misses Ests., 2015 Adj. Ebitda In Line
- RTL BB : RTL 2015 Rev., Ebit In Line; Sees Moderate Rev. Growth in 2016
- SBMO NA : ABN Amro, SBM Offshore to Join AEX Index, Euronext Says
- SAHN SW : Schaffner Sees 1H Op. Loss; to Implement Measures to Boost Earns
- SIE GY : Werner Wenning Is Candidate to Succeed Cromme at Siemens: RP
- SKFB SS : SKF Says Peugeot Filed Lawsuit With Damage Claims
- GLE FP : Societe Generale to Cut 550 Jobs in Network Reorganization
- SO FP : Somfy 2015 Net EU165M vs EU38.1M; Despature Named Chairman
- SRCG SW : Sunrise Communications Sees Rev., Adj. Ebitda Declining in 2016
- VIV FP : Vivendi unlikely to raise Gameloft offer in the absence of a rival bid - MergerMarket
- VOW3 GY : Volkswagen America CEO Michael Horn to Leave Company
- YNAP IM : Yoox Net-A-Porter Sees Further Rev. Growth in 2016