Dow+0,79% S&P+1,07% Nasdaq+1,30% Russell+0,60% VIX -7% (17,24)
US Market Closed higher, settling at the best level of the year, rumor of a six month extension for greece was denied by EC & Germ. Fin. Min., Greek Defense Minister Panos Kammenos entertained the possibility of looking for financial support elsewhere, naming the United States, Russia, and China as potential options. Nine of ten sectors registered gains with yesterday's laggards leading the way. To that effect, three of four countercyclical sectors finished ahead of the broader market with health care (+1.6%) and utilities (+2.1%) ending in the lead, the energy sector (-0.2%) spent the day in negative territory, but erased the bulk of its loss ahead of the close. The sector had to contend with a 5.5% plunge in crude oil ($50.06/bbl)...volume were below average @ 770mil shares...US After Hours SGMO +4.6%, THOR +4.4%, AKAM +4.2%, PIR -29.6%, AWRE -21.7%, JIVE -10.5% following earnings/guidance...CHS +9.7% (seeing reports that Sycamore Partners may acquire the company), ACHN -5.0% (co commenced an underwritten public offering of 10 mln shares of its common stock)...Down over 10% from multi-year highs, Shanghai Composite is limping into next week's Lunar New Year holiday break. Following disappointing trade and CPI figures released over the past two days, PBoC monetary policy report for Q4 released overnight merely reiterated intention to pursue prudent monetary policy approach and fine-tune policy in a timely manner, as it pledged to monitor for impact of November interest rate cuts and overcapacity pressuring inflation. China Vice Fin Min Zhu largely repeated that sentiment, while an official with PBoC speculated 2015 GDP to be in a 6.9-7.1% range - well below 7.4% for 2014. A high profile feature in China Securities Journal is calling for more aggressive policy easing to fight disinflationary pressure, also warning the Q1 GDP deflator is likely to fall into negative territory...As expected, Greek anti-austerity govt won its confidence vote with 162 - 137 margin, paving the way toward contentious discussions among euro zone fin mins on Wednesday. PM Tsipras reiterated his govt tactics are representative of the majority of Greek citizens, and that a split in the euro would not be beneficial for anyone.
Nikkei -0.33% Hang Seng -0.82% Shanghai +0.21%
RUB $65.50 WTI $50.46 (+0.88%) EURCHF 1.0497
EUR$ 1.1319 S&P -0.06% EuroStoxx +0.15% Dax +0.26% SMI +0.36%
Macro :
- Greek Govt Aware of Prospect of Clash with EU, Varoufakis Says
- Russia Says U.S. Solves Its Problems at Expense of Others: RG
- EU Withholds EU800m in Funds From Spanish Region: Expansion
Keep an eye on :
- AIR FP : Airbus A400M Won’t Refuel Inflight Helicopters, La Tribune Says
- AENA SM : Spain Boosts Institutional Stake of Aena IPO to 94%: Expansion
- BKIA SM : Bankia to Pay Cash Dividend in April, Cinco Dias Reports
- BAF GY : Balda 1H Sales Rise 16%, Posts Ebit Profit
- BB FP : Bic 2014 Sales, Normalized IFO In Line With Ests., Div. Beats
- BPE IM : Banco Popolare Emilia Romagna 4Q Loss EU46m, Est. Loss EU42.8m
- DSM NA : DSM 4Q Sales Beat Estimates; Sees ‘Slightly’ Higher 2015 Ebitda, Sees FX Impact on 2015 Ebitda ‘Roughly Neutral’
- FGR FP : Eiffage FY Rev. EU14b, Matching Est.
- GXI GY : Gerresheimer FY Rev. In Line With Ests.; Div. Meets Est.
- HEIA NA : Heineken 2014 Net Profit Ex-Items Beats Ests, Says 2015 Margin Expansion to Be Below Its Target
- INGA NA : ING Bank 4Q Underlying Net Result EU548m; Est. EU570.8mI, 4Q Underlying Net Misses, Dividend Reinstated
- KVAER NO : Kvaerner 4Q Ebitda NOK175M vs Est NOK161M; Proposes Div NOK0.67
- KU2 GY : Kuka 2014 Sales, Ebit Margin Exceed Forecast
- LHA GY : Lufthansa’s Germanwings to Face 48-Hour Pilots Union Strike
- MC FP : Patek Philippe Price Cut in H.K. Reflects Poor Local Demand: UBS
- NHY NO : Norsk Hydro 4Q Net Loss Narrows; to Build NK3.9b Karmoey Plant
- ORI SS : Oriflame Says 1Q Local Currency Sales Slower After 4Q Beats Est.
- ORP FP : Orpea Targets 2015 Rev. EU2.31b vs Est. EU2.29b
- RNO FP : Renault to Halt Production in Moscow for 2-3 Weeks: Vedomosti
- SRCG SW : Sunrise Prices CHF500m Sr Secured 2022 Notes at 2.125%
- TCY LN : Interxion and TelecityGroup Reach Non-Binding Agreement on All-Share Merger
- TEF SM : Telefonica faces tougher competitive landscape in Mexico, sources say
- TEL NO : Telenor Sees 2015 Ebitda Margin 33% to 35% as 4Q Sales Beats
- TKA AV : Telekom Austria 4Q Rev EU1.03b; Est. EU1.04b, Telekom Austria Full-Yr Rev. Matches Est.
- UNIB SS : Unibet Raises Dividend; 4Q Net Below Est.
- UHR VX : Patek Philippe Price Cut in H.K. Reflects Poor Local Demand: UBS
- VIE FP : Veolia interested in part of Areva's dismantling unit
- VONN SW : Vontobel 2014 Net New Money Inflow CHF6.2b, Net Income CHF134.5m