US market Close Higher, weakness on crude continue to weight on Energy (-4,1% MTD), financials (+0.4%), health care (+0.7%), and technology (+0.8%) helped mkt to rebound, defense contractors helped the industrials sector to close higher, volume was still light at 600m shares, ViX @ 12,90 -4,44%...US After Hours JDSU +12.2%(Spin off) , MSON -10.1%, LFVN +8.0%, EOPN -24.0%,WTSL -10.1%, SYMX -8.3% following earnings/guidance...BOJ Gov Kuroda and Japan PM Abe are reported to hold their first direct talks in 5 months amid chatter that Abe will push for more monetary easing to help offset the next round of sales tax hikes. Japan MoF put out its quarterly Business Survey Index hitting a 1-year high for large manufacturing, while also increasing its projections for FY14/15 corporate capex to 5.7% from 4.5%...China inflation figures were generally soft, with CPI hitting a 4-month low and PPI coming in negative for the 30th straight month. China Stats Bureau cited the decline in material prices and warned the outlook for industrial demand is not optimistic, in addition to gradual slowdown in the economy translating into lower price growth...Nikkei +0.72% Hang Seng -0.28% Shanghai -0.52%
Eur$ 1.2910 S&P -0.14% EuroStoxx +0.15% FTSE +0.17% DAX +0.17% SMI +0.26%
Macro
- Goldman Sachs Asset Favors India Stocks; Underweight China
- China Aug. Consumer Prices Rise 2% Y/Y; Est. 2.2% Gain
Keep an eye on :
- AF FP : Air France Targets 8-10% Ebitdar Growth a Year From 2013 to 2017
- AGN NA : *CNOOC SEEKS TO SELL AEGON-CNOOC LIFE STAKE FOR 1B YUAN: FILING
- DAI GY :Daimler Predicts China Will Maintain About 7% GDP Growth, Opening at Least 100 China Dealerships in 2014
- ERICB SS : Ericsson, SAP In Pact for Enterprise Mobility Management
- MC FP : Apple Watch Looks Designed by Student, LVMH’s Biver Tells Welt
- NOK1V FH : Microsoft to Drop `Nokia' Branding From Devices: GeekonGadgets
- NYR BB : Nyrstar 1 for 1 Rights offering of 170M shrs @ €1.48 (-48.97% discount),
- PAH3 GY : Porsche Recalls Priciest Sports Car to Repair Rear-Axle Defect
- PRS SM : Prisa Used EU54m From Sale of Mediaset Shares to Buy Back Debt
- ROG VX : Roche’s Zelboraf Gets FDA Orphan Status for NSCLC W/ Mutation
- TEC FP : Technip Gets Subsea Contract for Gulf of Mexico Kodiak Project
- TEF SM : Telefonica to Issue EU1.5B of Mandatory Convertible Bonds
- TEN IM : Tenaris Raised at Morgan Stanley on Improving Pricing Outlook
- VIV FP : Vivendi denies being in talks to acquire stake in Mediaset Premium - Il sole 24 Ore
- ZIGGO NA : Liberty Global Extends Ziggo Offer Period Pending EU Approval