US Market closed lower, with NAsdaq leading the move, S&P closed below its 50d MA, Nasdaq closed below its 100d MA. All ten sectors ended in the red with the largest four groups—technology (-2.5%), financials (-2.4%), health care (-3.2%), and consumer discretionary (-2.5%)—posting the largest losses...VIX @ 15.77 +14.1%...Volume were above average with 786mil shares but we could have expect more in such a move...Phibro Prices IPO at $15/Shr, Below Expected Range...Michigan Sentiment today...After Hours : CERE +5.3%, DWCH -27.6%, AVD -10.5%, NQ -8.1%, TTMI -3.9%, GPS -2.3% following earnings/guidance...Big focus will be on JPM & WFC Reporting their numbers...Asian equity indices are tracking a broad selloff on Wall Street... Bank of Japan released the minutes of its March meeting when it cut its assessment of exports but raised output and capex....China released mixed inflation figures for the month of March...Nikkei-2.46%...HD-0.57%...Shanghai-0.12%
Eur$1.3896 S&P FUt+0.08% European Fut -0.81%
Macro
-Kuroda Says Global Economy Is Gradually Improving Amid Risks
-Sapin Says France Maintains 2015 Deficit Target at 3% of GDP (not a Joke)
-China March Consumer Prices Rise 2.4%; Est. 2.4% Gain
-Moody’s Changes Outlook on Turkey to Negative From Stable --> Lira Lower
-Fitch Revises Outlook on Portugal to Positive; Affirms at ’BB+’
Keep an eye on :
- APR LN : APR Energy Holder SSP Selling as Many as 5.6m Shares
- AZA IM : Italy’s Renzi, Etihad CEO Said to Meet on Alitalia: Reuters Link
- B5A GY : Bauer Posts 2013 Loss on Charges, Tougher Competition; No Div.
- CDI FP : Christian Dior 9m Rev. EU23.8b Vs EU23b Y/Y
- OLE SM : Deoleo Board Said to Back CVC Takeover Bid: Reuters Link
- EIFF FP : Tour Eiffel Says Court Rejects Bid to Suspend SMABTP Offer
- GIVN VX : Givaudan 1Q Sales CHF1.09b vs Est. CHF1.08b, Repeats M/T Outlook
- GBT FP : Guerbet Says FDA Clears Lipiodol Imaging Agent for Liver Tumors
- HOLN VX : Holcim Says BlackRock Increases Stake to CHF922 Million
- KOF FP : Kaufman & Broad 1Q Net EU6.25 Mln Vs EU8.31 Mln
- HO FP : Thales Plans Bolt-On M&A, JPMorgan Says After CMD
- TL5 SM : Prisa Says Mediaset Stake (3.7%) Sale Through Accelerated Bookbuild,
- RNO FP : Renault May Cut Shift at Flins Plant: Reuters Link
-SN/ LN : *SMITH & NEPHEW TO PAY $12 MILLION TO SETTLE SHAREHOLDER SUITS
- VIV FP : Vivendi, 2 Other Music Labels Sue Megaupload, Operators:WSJ Link