Dow +0.07% S&P +0.07% Nasdaq +0.05% Russell +0.18%
US Market closed slightly +ve, Geopolitic & Oil continue to be the main catalyst before US banks kick of of Q1 earnings this week. stock market dipped into negative territory around midday on rumors that China deployed about 150,000 troops in two groups to its border with North Korea. Equities recovered shortly thereafter, but never quite made it back to their best levels of the day. This rumor of Chinese troop movement has been gaining traction with Asian media in recent days, and it has been noticed by U.S. investors during an abbreviated week, which is likely to see reduced participation. That was the case on Monday with only 794.0 million shares changing hands at the NYSE floor (200-day average: 1.1 billion). energy group (+0.8%) finished atop the day's leaderboard thanks to a solid performance from crude oil. The commodity finished 1.6% higher at $53.06/bbl following further production complications in Libya. The country's largest oilfield was shut down on Sunday after a group blocked a pipeline linking it to an oil terminal. consumer discretionary (+0.4%), industrials (+0.2%), consumer staples (+0.3%), real estate (+0.7%), and utilities (+0.2%) sectors also outperformed the broader market. financials (-0.3%) and telecom services (-0.3%) groups settled at the bottom of the day's leaderboard while the health care (-0.2%) and technology (-0.2%) groups performed only modestly better. US After Hours SALE +49% on buyout news, MXWL +40% on SDIC equity investment. Asian equity markets are largely lower, led by near 1% drop in Hong Kong where sentiment soured on energy, tech, and gaming sectors. Australia is resilient with a modest gain, as most mining and financials names turned higher. US and European futures are also lower, while FX majors appear to be succumbing to renewed risk-off flows - USD/JPY is down over 30pips from the highs below 110.60, while AUD and NZD were slightly lower against the greenback late in the day. Traders tuned in to Fed Chair Yellen's discussion at University of Michigan mostly to hear familiar rhetoric. Yellen said the Fed's estimate of neutral fed funds rate is not very high, reiterating intentions to continue to gradually raise interest rates.
Nikkei -0.27% Hang Seng -0.79% CSI -0.06% Shanghai +0.22%
eur$ 1.0584 CNH 6.9052 CNY 6.9016 JPY 110.59 GBP 1.2416 CHF 1.0091 RUB 57.1183 WTI$ 52.87 -0.40%
S&P -0.15% EuroStoxx -0.73% FTSE -0.19% Dax -0.51% SMI -0.35%
Macro :
- Yellen Says Fed’s Focus Has Shifted to Sustaining Economic Gains
- Lower Corporate French Tax Rate Could Benefit Legrand: Citi
Keep an eye on :
- AKZA NA : PPG Offer for Akzo Nobel Is ‘Unacceptable’, FD Cites Akzo CEO
- ATC NA : Altice USA May Aim at Raising Up to $2b in IPO: Echos
- ENEL IM : Enel CEO Starace, Chair Grieco Top Treasury’s Board Nominee List
- ENI IM : Saudi Said to Weigh Gas Ventures With BP, Chevron, Eni: Reuters
- GIVN VX : Givaudan 1Q Revenue Beat Company-Compiled Consensus: Liberum
- DEC FP : JCDecaux Appeals on Velib Loss to Paris Administrative Court
- MC FP : LVMH 1Q Sales Beat Estimates; Rev. Organic Growth 13%
- MC FP : LVMH Rally May Have More Room to Go Following Sales Beat: RBC
- MAU FP : Maurel & Prom Says Henin Resigned From Role as Board Chairman
- PNRA US : 3G Capital Said to Weigh Rival Bid for Panera Bread: NYP
- REP SM : Repsol 1Q Est. Upstream Production 694 Kbep/D: Filing
- SIKA VX : Sika 1Q Sales CHF1.39b, Up 9% in Swiss Francs
- WFM US : Whole Foods Surges as Much as 12%, Option Volume Spikes, Jana Reports 8.3% stake