Dow +0.01% S&P +0.08% Nasdaq +0.02% Russell -0.43%
US MArket closed near the flat line. Crude oil followed up its 5.3% Wednesday plunge with another disappointing performance on Thursday as investors continued to digest yesterday's bearish EIA reading. The energy component closed its trading day 2.1% lower at $49.24/bbl, but regained a good portion of that loss in electronic trade. The energy sector appreciated the belated effort, leading the late afternoon rally and finishing near the top of the day's leaderboard after holding the bottom spot for much of Thursday's action. ECB raised its 2017 GDP forecast to 1.8% from 1.7%, but did not suggest an impending reduction to stimulus. This gave a boost to the euro, helping the currency climb 0.4% against the dollar to 1.0587. health care sector (+0.6%) finished with the energy group at the top of the day's leaderboard. Similarly, the financial (+0.3%), consumer staples (+0.2%), and telecom services (+0.4%) sectors also outperformed the broader market. Bank Sector leaded the market until Spicer made some comments on restoration of Glass-Steagall Act. Real estate group (-1.3%) finished at the bottom of the sector standings while the industrials (-0.5%) and materials (-0.4%) groups also finished solidly lower. US After Hours INTT +26%, ABTL +5% higher following earnings/guidance... FNSR -17% and weighing on optical names after missing quarterly estimates/issuing downside guidance. Asian equity indices are markedly higher as more positive sentiment has resurfaced in Asia; Nikkei225 is the best performer, as higher US yields continue to support the greenback at the expense of the Yen; Risk-on flows have also put a bid in US equity futures going into tomorrow's NFP report, as traders bet the risk of a strong print following blow-out ADP numbers earlier this week. In China, Dep Gov Yi added China will not devalue Yuan to stimulate exports after this week's surprise trade deficit. Zhou forecast more stability in CNY this year.
Nikkei +1.48% Hang Seng +0.20% CSI +0.03% Shanghai -0.12%
Eur$ 1.0595 CNH 6.9073 CNY 6.9137 JPY 115.41 GBP 1.2155 CHF 1.0122 RUB$59.2485 WTI$49.67 +0.79%
S&P +0.29% EuroStoxx +0.38% Dax +0.29% FTSE +0.28% SMI +0.27%
Macro :
- Saudis are said to have told US oil firms not to assume OPEC will extend supply cuts to offset shale output - press
- Emerging-Market Rally Has Room to Run, Morgan Stanley Says
Keep an eye on :
- ACCEL NA : Accell FY Rev EU1.05b From EU986m Year Ago on Growth E-Bikes
- AKZA NA : PPG Unlikely to Go Hostile for Akzo; Higher Bid Seen: Baird
- ALD L : AnaCap Financial Plans to Sell 51.7m Shrs of Aldermore Group, Orders Below 222p May Miss
- AZA IM : Alitalia Board Expects to Give Final Approval to Plan Next Week
- ALV GY : Allianz to Reorganize Auto Insurance in Germany, Knof Tells BZ
- ALV GY : Allianz Appoints Giulio Terzariol to Succeed CFO Wemmer in 2018
- ARAMCO IPO : Evercore Said to Win Aramco IPO Adviser Role Alongside Moelis
- ATO FP : Atos to Join France’s Benchmark CAC 40 Index, Replaces Klepierre
- RLD SW : Banque Edmond de Rothschild Profit Climbs 13% As Assets Climb 3%
- BMPS IM : Monte Paschi 2016 Net Loss Revised to EU3.24b Vs EU3.38b Loss
- BC IM : Brunello Cucinelli FY16 Normalized Ebitda EU78.2m
- CDEP : Italy May Sell 15% Stake in Cassa Depositi e Prestiti: Corriere
- COM FP : CNIM FY Operating Profit Slips; Sees Pickup in 2017 Business
- EIT IM : Rai Way CEO confirms interest in merger with EI Towers
- ENGI FP : Engie Wins Projects for About 78 MW of Solar Capacity in France
- ENGI FP : Engie Sells U.K. Oil, Gas Exploration Licenses to Ineos
- EOAN GY : German Nuclear Contract Deal Won’t Change Agreed Costs: Govt
- GLPG NA : Galapagos Says Two New Phase 2 Studies With Filgotinib
- HAV FP : Havas to Create Unified Management for Creative, Media
- LI FP : Atos to Join France’s Benchmark CAC 40 Index, Replaces Klepierre
- PLT IM : Amber Says Won’t Accept Lactalis Raised Parmalat Stock Offer
- RWAY IM : RAI Way CEO: Co.’s Duty to Monitor Potential Deals on Market
- REP SM : Repsol Announces Discovery of About 1.2 Bln Barrels in Alaska
- SPIE FP : Spie Says 2017 Sales to Rise About 4%; Net Beats Estimates
- SAZ GY : Stada Chairman Won’t Rule Out Strategic Investor Bid - Global Handelsblatt
- SEM AV : Semperit 2016 Sales, Profit Decline; Forecasts Lower 2017 Ebit
- LOCAL FP : Solocal Says It Requested Share Trading Resumption at Open
- TMG NA : De Mol’s Talpa Raises Stake in Telegraaf Media Group to 25.12%
- TRMDA DC : Torm Wants to List in U.S. When Tanker Market Rebounds: Borsen