Dow-0.62% S&P-0.02% Nasdaq+0.35% Russell-0.04%
US market losed mixed with Dow Lower & Tech slightly higher. Financials were an early gainer but gived back most of all gains during the afternoon. Oil tried to rally but give back also all gains and closed down 1.6% to $27.54/bbl. energy was down 0.5%. Fed Chair Yellen's testimony was largely a middle-of-the-road presentation as she made it sound as if the Fed is open to holding off on another rate hike at its March meeting; however, she didn't make it sound as if the Fed is willing to concede anything past that meeting. One notable thing she said in the Q&A portion of her testimony was that she doesn't think it will be necessary to cut rates soon, yet she did add the Fed will do what is necessary to achieve its goals. Healthcare (+0.9%) and technology (+0.4%) were the only sectors that were able to end the day with a gain. Volume : 1.05bil shares traded. US After Hours MOSY +15.5%, HUBS +13.3%, EXPE +11.3%, TSLA +8.8%, SKX +8%, CSCO +7.5%, FLO -14%, PPC -9.7% following earnings/guidance. Tokyo is closed for holiday but Japanese Yen remains extremely volatile. Hong Kong returned after 3 days of holidays with a 4% drop below 18,500 in the Hang Seng - the lowest level since 2012.
Nikkei Closed Hang Seng -4.18% Shanghai Closed
Eur$1.1286 CNH 6.5330 CNY 6.5743 GBP 1.45.36 JPY 112.62 CHF 0.9723 RUB$78.84 WTI$27.03(-1.57%)
S&P -0.56% EuroStoxx -1.61% DAx -1.58% SMI -1.48%
Macro :
- Yellen Suggests Fed May Delay Rate Increases, Not Abandon Them
- Bass Says China Bank Losses May Top 400% of Subprime Crisis (1)
Keep an eye on :
- ABG SM : Abengoa Creditors Seek Greater Shareholder Dilution: Cinco Dias
- ADS GY : Adidas Raises 2016 Outlook; 2015 Adj. Sales Rise 16%
- ALU FP : Alcatel-Lucent 4Q Sales, Adj. Op. Income Beat Ests.
- APAM NA : Aperam 4Q Ebitda $105m vs Est. $103m; Net Income Also Beats
- GBF GY : Bilfinger 2015 Orders Rise 24%, Net Loss Widens
- BOL SS : Boliden 4Q Adjusted Profit Misses Estimates; Dividend Raised
- CSGN VX : Credit Suisse CEO: ’I Don’t See a Disaster’ in Macro Terms
- AM FP : Dassault Rafale Production to Rise to 3 a Month From 1: DGA
- EDEN FP : Edenred FY Net, Ebit Miss Ests; Says FX Negative Over Period
- ENEA SS : Enea Says 2016 Objective Is to Achieve Revenue Growth
- EO FP : Faurecia Sees 1%-3% Sales Growth in 2016
- GXI GY : Gerresheimer FY Adj. Ebitda Slightly Below Ests., Rev. In Line --> Indicated 4% lower
- GLEN LN : Glencore 4Q Copper Output Falls; Announces Franco Streaming Deal
- HUHT NA : Huhtamaki 4Q Adj. Operating Profit, Sales Miss Estimates
- KRA1V FH : Kemira 4Q Operative Ebitda, Sales Miss Estimates
- KGX GY : Kion Group FY Rev., Ebit Up 9%, New Truck Orders Up 7%
- KORI FP : Korian 2015 Rev. EU2.58b, Est. EU2.59b; Cuts Ebitda Margin View
- MMB FP : Lagardere FY Rev. EU7.19B; FY Recurring EBIT Growth to Beat Goal
- LR FP : Legrand FY Net, Rev. In Line, Sets 2016 Targets
- MEDAA SS : Mylan Set to Reveal Takeover of Meda, FT Reports, 165/share +91.8% vs yest close, Mylan CEO Doesn’t Expect Rival Bids for Meda: Dagens Industri
- MEDAA SS : Meda 4Q Adj. Ebitda, Sales Slightly Below Estimates
- MB IM : Mediobanca 2Q Net EU76.8m; EU57.3m Charge for Resolution Fund
- MEO GY : Metro 1Q Ebit Ex-Items Misses Est.; Debt Cut, Outlook Reiterated
- MERY FP : Mercialys Sees 2016 Rents Organic Growth of 2% Over Indexation
- KN FP : Natixis FY Net EU1.34b; Est. EU1.36b ,Natixis CEO Sees No Signifint Rise in Oil-Related Provisions
- NOKIA FP :Nokia 4Q Sales Miss, Adj. EPS Beats Ests. Nokia Gross Margin Beats Ests., Sees 1Q Challenging
- RI FP : Pernod 1H Profit Recurring Ops. 2% Below Analysts’ Estimates
- PUB FP : Publicis 2015 Revenue Beats; Modest Organic Growth Seen in 2016
- RBS LN : RBS Said Working With Lazard on Sale of Shipping Loan Book: Sky
- RXL FP : Rexel Says 2015 Performance in Line With Targets
- RYA LN : Ryanair to Cut Prices by 6% on Oil Price Drop, El Mundo Says
- SBMO NA : SBM Offshore 2015 IFRS Directional Ebit $348m; Reinstates Div.
- GLE FP : SocGen 4Q Net EU656m; FL CET1 10.9%, Proposes Cash DPS EU2
- GLE FP : SocGen’s Investment-Banking Bonus Pool to Decline: Cabannes, Cabannes Says ‘No Fear’ on SocGen’s CoCos Or Hybrid Debt
- SOW GY : Software AG Off to Good 2016 Start, May Raise Dividend, CFO Says
- FP FP : Total 2015 Adj. Net $10.5b vs Est. $9.9b; 4Q Div. EU0.61/Share
- VEI NO : Veidekke 4Q Revenue Rises to NOK7.37b; EBIT Declines to NOK389m
- ZURN VX : Zurich Says Unlikely to Reach 12%-14% ROE Target in 2016