Dow-1% S&P-0.90% Nasdaq-1.01% Russell-1.24% VIX 16.38 (+14.31%)
US Market closed lower. Release of China Trade balance over the week edn weighted on the sentiment, China's trade data, which showed a 10-yr high in the trade surplus, but exports fell 6.9% in October, representing the fourth consecutive monthly drop. Nine sectors ended the day in negative territory with losses between 0.7% (consumer staples) and 1.5% (energy) while the utilities space climbed 0.3%. energy (-1.5%) represented an early pocket of strength, but the group retreated alongside the broader market while crude oil lost 1.0%, sliding to $43.87/bbl. The energy sector narrowed its November gain to 0.9%, masking a 13.2% surge in Apache (APA 53.94, +6.27) after Bloomberg reported that the company received and rejected an unsolicited $18-billion takeover offer. Canadian Pacific (CP 142.18, +7.87) is interested in Norfolk Southern (NSC 88.67, +8.80). Shares of NSC soared 11.0%. Volume were in line with average @ 900mil shares. US After HoursSCLN +25.2%, PFSW +16.4%, MDR +14.3%, LF -23.6%, SGMS -20.1%, XONE -16.7% following earnings/guidance,TAL +8.9% (to merger with Triton Container), MDC +15%. Asian equity markets tracked more cautious sentiment on Wall St, where investors continued to take profits from a month-long rally after stronger than expected non-farm payrolls last week boosted expectations of rate liftoff next month and a potentially faster pace of tightening next year. China inflation didn't help the sentiment, these data opened the door to more easing from PBoC. Japan current account was in surplus for the 15th straight month but the balance was well below expectations. Econ Min Amari and PM Abe discussed reducing Japan corporate tax rates by wider than expected margin to boost corporate investment.
Nikkei +0.15% Hang Seng -1.23% Shanghai +0.04%
Eur$ 1.0745 JPY 123.32 CNY 6.3604 GBP 1.5114 CHF 1.0045 RUB$ 64.4776 WTI $44.11 (+0.55%)
S&P +0.18% EuroStoxx +0.59% Dax +0.36% SMI +0.26%
Macro :
- Fed’s Rosengren Signals Readiness to Lift Rates Amid Strong Data
- *MOODY’S: MUTED GROWTH WON’T ALLOW CENTRAL BANKS TO RAISE RATES
- S&P Dow Jones to Keep China A-Shares Out of Global Benchmarks
Keep an eye on :
- AKE FP : Arkema Says 4Q to Reflect Usual Yr-End Seasonality
- ALO FP : Alstom Wins About $3b India Rail Deal for Electric Locomotives
- BP IM : UBI, Pop. Milano Execs Held Talks on Possible Merger: Messaggero
- BP/ LN : BP Says Growing Oil Demand Is ‘Good News’ Amid Oversupply
- BP/ LN : BP Sees Global Oil Prices in $60 Range for About Next 3 Years
- CEP SM : Abu Dhabi to Reduce Planned Cepsa Investments: Confidencial
- CRI FP : Chargeurs Lifts 2015 Recurring Operating Profit Target to EU27M
- COLR BB : Colruyt Family Board Member Piet Colruyt Sells EU1.34m of Stock
- DL NA : Delta Lloyd 9-Month GWP Rises; Solvency II Update to Come Dec. 2
- DWNI GY : Deutsche Wohnen 3Q FFO Rises, Sees 2015 Rent Increase of ~3.5%
- DLG GY : Elliott Plans to Vote Against Dialog/Atmel Transaction
- FGR FP : Eiffage 9-Month Rev. EU10.1b vs EU10.2b Y/y
- ELIS FP : Elis 3Q Organic Rev. Growth 4%; Repeats FY2015 Outlook
- ENGI FP : Engie Builds Its First LNG Industrial Base in Asia Through a JV
- EOAN GY : EON to Post 9-Month Loss of More Than EU5b, Handelsblatt Reports
- EVK GY : CVC Selling 8.8m Evonik Shrs in Bookbuilding, 1.9% Stake, Priced @ E32.55 (-1.97% vs yest. close)
- GVNV NA : Grandvision 3Q Rev., Ebitda Rises; Net Debt Decreases
- INW IM : EI Towers prepares bid for Telecom Italia 40% Inwit stake - Il Corriere della Sera
- BAER VX : Julius Baer 10-Month AUM +2% vs End ’14; Continued Net New Money
- JUN3 GY : Jungheinrich 3Q Sales Rise 8%, Net Up 11%; Confirms 2015 Outlook
- KPN NA : KPN To Reduce Telefonica Deutschland Stake to 15.5% from 20.5%
- LEO GY : Leoni 3Q Ebit In Line With Estimate
- MAERSKB DC : Maersk Looking Into Buying More Oil Assets, Berlingske Reports
- MONC IM : Moncler 3Q Adj. Ebitda Beats Ests., Sales In Line
- NUM FP : Numericable-SFR Accelerates Fiber Investments for French Homes
- OPERA NO : Opera Software Posts Unexpected 3Q Loss; Lowers 2015 Guidance
- PST IM : Poste Italiane 9-Mo. Rev. EU23.9b Vs EU22.6b Y/y
- RNO FP : Macron Says French State Won’t Sell Renault Stake at Loss
- RUI FP : Rubis 3Q Revenue Rises; Sees Nothing Since 1H to Affect Position
- SY1 GY : Symrise Confirms 2015 Targets, Says 4Q Started at Strong Pace
- O2D GY : KPN To Reduce Telefonica Deutschland Stake to 15.5% from 20.5%
- UCB BB : Financiere de Tubize Raising UCB Stake to 35% From 34.12%
- VK FP : Vallourec 3Q Net Loss Misses; Still Sees Positive 2015 Cash Flow
- DG FP : Orix-Vinci Wins Preferred Negotiation Status For Kansai Airport