US MArket closed lower after yesterday rebound, S&P is back below its 100d MA...WTI slide to $85.22 -2.4%, -6.8% MTD...VIX @ 18.76 +24.16%, highest level since Feb., The growth concerns weighed on economically-sensitive sectors like consumer discretionary (-2.3%), industrials (-2.3%), and materials (-2.5%), while financials (-2.1%) ended in-line with the S&P, technology sector (-1.7%) ended ahead of the other cyclical groups helped by Apple(AAPL 101.02, +0.22) after activist investor Carl Icahn argued for a larger repurchase program in a letter sent to Chief Executive Officer Tim Cook., consumer staples sector (-0.9%) was the only group to register a loss smaller than 1.6%...Volume @ 874mil shares...US After Hours : HELE +3.0%, CUDA +0.4%, PKT -18.7%, SZMK -13.9%, VOXX -12.5% JNPR -3.9% following earnings/guidance...TSLA unveiled new D Model +0.7% After Hours...Asian indices are tracking the outsized US selloff with moderate declines of their own. Coal names in China were down across the board after overnight announcement the finance ministry is planning to levy a 3-6% coal import tariff on certain types of coal effective Oct 15th. Of note in the property sector, Housing Ministry researchers speculated Beijing is unlikely to ease home purchase limits...Nikkei -1.47% Hang Seng -1.87% Shanghai -0.63%
Eur$ 1.2708 S&P -0.23% EuroStoxx -1.32% FTSE -1.23% DAX -1.15% SMI -0.93%
Macro
- Schaeuble Says German Government Will Review Growth Forecast
- Draghi Says EU Governments Must Take Steps Or Face Disappearance
- Caspian Sea Oil Project’s Leaky Pipes Cost May Rise to $4b: FT
- Zaoui Brothers See Merger Cycle Just Beginning, Les Echos Says
- Weidmann Says ECB Balance-Sheet Target May Lead to Risk Transfer
Keep an eye on :
- BLT LN : Former Xstrata CEO Sought to Buy BHP Billiton Mines: FT
- CLN VX : *CLARIANT COULD ATTRACT INTEREST IN M&A ENVIRONMENT: JPMORGAN
- DAI GY : Mercedes-Benz to recall 10K 2014 C-Class in the US due to steering issues - NYT
- EMSN SW : EMS-Chemie 9-Month Net Sales Rise 7.5% in Local FX to CHF1.49b
- ENRO SS : Eniro could be taken over by Triton
- ESS PL : ES Saude/Fosun offer raised to EUR 5.01 per share
- GIVN VX : Givaudan 3Q Sales CHF1.12b vs Est. CHF1.11b, Repeats M/T Outlook
- GLEN LN : Glencore Falls After Said to Have Explored Australian Listing --> 321.8 in HK -3.36%, flat vs Ldn close
- LEG GY : LEG Immobilien Raises 2015 Outlook, Will Sell New Shrs, LEG Immobilien Places 4.1m Shrs at EU50/Shr
- MS IM : Mediaset may sell Mediaset Premium in exchange for stake in Telecom Italia - Il Sole 24 Ore
- KN FP : Natixis New Overweight on Possible M&A Upside: Morgan Stanley
- OML LN : Old Mutual Said Near Pact to Buy Quilter Cheviot: Sky
- PTC PL : Oi Says Committed to Portugal Telecom Merger: Reuters Link
- TRYG DC : Tryg 3Q Net Beats Estimates as Cost Cut Program Progresses
- UCG IM : UniCredit May Strengthen Presence in Middle East, Asia: CEO
- UL FP : Unibail Mandates Goldman to Sell EU1B Portfolio, Le Figaro Says
- VOW3 GY : Volkswagen Said to Deepen Research Cooperation With China’s FAW