Dow -0.16% S&P flat Nasdaq +0.36% Russell +0.99%
US MArket finished mixed again today. Consumer discretionary (+0.4%) finished in line with financials (+0.4%) and just ahead of health care (+0.3%) atop the leaderboard. However, strength in those sectors could not prevent the S&P 500 from reversing off its high in the afternoon. Materials (+0.1%), telecom services (+0.1%), and the top-weighted technology (-0.1%) sector finished the trading day flat. Energy (-1.0%) was the only other cyclical sector to finish in negative territory. The space couldn't overcome crude oil's 2.2% retreat as the commodity finished its trading day at $50.82/bbl. Real estate was the only sector to finish below the energy sector, with a loss of 1.2%. Consumer staples (-0.6%) finished slightly better, while the utilities sector (-0.3%) ended closer to its flat line. Volume were above average with 1.17bil shares. US After Hours ICHR +11% and UAL +2% higher following guidance...NVDQ -16.3% lower following guidance. Asia equity markets trading mixed, with Hang Seng and Shanghai Composite diverging as a leader and a laggard respectively. Despite the rally in miners on rising metals prices, Australia's ASX200 was flat. USD majors also holding narrow ranges in the absence of key economic data and flat US yields. USD/JPY was most volatile in a 60pip range but remaining well contained within the month-long 115-118.60 band as traders await transfer of power in the US and greater visibility for initial policies under the new govt. DoubleLine's Gundlach forecast 2-3 rate hikes this year and noted that 3% breach on the 10-year yield would be critical; Earlier, Janus's Gross noted 2.6% as the key threshold that will herald a protracted bear bond market. China press citing local economists warning about rising prospects of a trade war under US President Trump, noting his "harsh" stance on China trade and his selection of trade officials. Disruption of Apple supply chain or cancellation of Boeing orders were mentioned as some of the initial steps China could take in retaliation to US tariffs.
Nikkei +0.33% Hang Seng +0.88% CSI -0.41% Shanghai -0.41%
Eur$ 1.0559 CNH 6.8927 CNY 6.9233 JPY 116 GBP 1.2159 CHF 1.0164 RUB$ 60.2497 WTI$ 50.98 +0.31%
S&P -0.08% EuroStoxx -0.06% FTSE -0.13% Dax -0.09% SMI +0.16%
Macro :
- U.K. Considers Promising EU Citizens They Can Stay After Brexit
- Gundlach Says Treasuries Above 3% Would End Bond Bull Market
- Trump Said to Be Told of Unverified Russian Intelligence
Keep an eye on :
- ABI BB : AB InBev Investor Bevco Buys EU60m of Brewer’s Stock
- AIR FP : Airbus Wins $3.8b U.S. Deal, Said to Near Saudi Sale
- AIR FP : Boeing Gets Order for 3 737-800s From Jeju; Order Value $300m
- AREVA FP : 17 U.S. Nuclear Reactors at 13 Sites Contain Areva Parts: NRC
- EN FP : Bouygues Gets Hinckley Point C Contract Share at Least EU1.7b
- CGD FP : Cegid Group Expects More Than 4% Sales Growth in 2017
- CON GY : Continental AG Considers Further Acquisitions to Foster Growth
- DTE GY : Liberty Media’s Malone Says Cable Consortium Could Buy T-Mobile
- EDF FP : EDF May Delay Fessenheim Decision Until June, Le Canard Says
- FCA IM : Jeep CEO Sees ‘Potential’ to Boost 2017 China Sales to 250,000
- GSK LN : Glaxo Expects Shingrix, Benlysta, Sirukumab Approvals in 2017
- MC FP : LVMH Boosts Stake in Russian Perfume-Stores Chain to 100%: RBC
- UG FP : PSA 2016 Unit Sales Rose 5.8%, Lifted by Africa, Middle East
- UG FP : PSA Hiring 400 Temporary Workers at Rennes, Les Echos Says
- PFE US : Pfizer Won’t Wait for Tax Reform Before Making Any Deals
- REP SM : Repsol Says More Than 79% of Shareholders Accept Scrip Dividend
- ROG VX : Roche ‘Really Optimistic’ on ‘Aphinity’ Breast-Cancer Results
- SAN FP : Sanofi Accused in Suit of Trying to Corner U.S. Insulin Sales
- SAN FP : Sanofi to ‘Vigorously’ Defend Itself in Cholesterol Drug Case
- SAN FP / REGN US : Regeneron Rises; 2017 Expense Guidance Tops Estimates
- SHP LN : Shire CEO Says Major M&A ‘Not on the Cards’ After Baxalta Deal, On Track to deliver $20b in Rev. by 2020
- SIE GY : Siemens Double-Downgraded at Goldman, Outotec Up to Neutral
- UCG IM : UniCredit Says Board Chairman Vita Asked to Cut His Remuneration
- VOW3 GY : Volkswagen Confirms $4.3b Settlement With U.S. on Diesel Issue
- VOW3 GY : Winterkorn, Diess Accused by Witnesses in VW Probe: SZ