Dow -0.07% S&P -0.11% Nasdaq -0.14% Russell -0.02%
Stocks slipped from record highs on Wednesday with the S&P 500 and the Nasdaq registering their first losses of 2018. investors quickly bought the dip thanks in part to a CNBC interview with legendary investor Warren Buffett, who stated that he remains a net buyer of stocks, citing low interest rates and the recently passed tax reform legislation. Equities eventually reached their flat lines in the afternoon but slid back into the red following aReuters report that Canada believes that U.S. President Donald Trump will soon pull the United States out of the North American Free Trade Agreement (NAFTA). Nine of eleven sectors finished in negative territory with the financials (+0.9%) and industrials (+0.1%) groups being the two advancers. financial sector, which is the second heaviest group by weight, advanced at the opening bell due to the increase in Treasury yields and managed to keep the bulk of its gain even though yields returned to their flat lines following a $20 billion 10-yr note reopening that was met with strong demand. The benchmark 10-yr yield settled unchanged at 2.55% after trading as high as 2.59%. WTI +0.7% @ $63.39. Energy lost 0.1%. US After Hours PRGS +8%, KBH +3.5% following earnings/guidance, LPCN -53% following FDA panel vote. The stellar run for equities that ushered in the new year showed signs of waning in Asia on Thursday as the yen remained near a six-week high and traders dialed back their appetite for risky assets amid a jump in government bond yields. Shares from Shanghai to Sydney edged lower.
Nikkei -0.33% Hang Seng +0.01% CSI -0.08% Shanghai +0.04% Shenzen +0.37%
Eur$ 1.1944 CNH 6.52 CNY 6.5133 JPY 111.82 GBP 1.3492 CHF 0.9801 RUB 57.0424 WTI$ 63.51 -0.09%
S&P +0.09% EuroStoxx +0.25% FTSE +0.16% DAX +0.17% SMI +0.18%
Macro :
- China Dec. Auto Sales Fall 0.7% Y/y: CAAM
- Gold Rises on China Fears, Canada Stocks Rebound: Materials Wrap
Keep an eye on :
- ABBN SW : ABB Nominates Li, Matchett, Brock to Board of Directors
- AF FP : Air France-KLM Could Bid for Alitalia With EasyJet: Sole
- AF FP : Air France-KLM to Introduce 5-Year Strategic Plan in June: CEO
- ALT FP : Altran Technologies Launches EU2.13B Syndicated Loan
- BAYN GY : Bayer to Sell About EU1.5B Stake in Covestro
- BP/ LN : California Settles BP Natural Gas Lawsuit, Court Clerk Says
- 1COV GY : Bayer to Sell About EU1.5B Stake in Covestro
- EDF FP :
- EZJ LN : Air France-KLM Could Bid for Alitalia With EasyJet: Sole
- FSKRS FH : Fiskars Revamps Leadership Structure, Reshuffles Managers
- GL FP : Galeries Lafayette’s La Redoute Bid Wins French Antitrust Nod
- KTM AV : KTM Industries 2017 Motorcycle Sales Volume Rises More Than 17%
- NESN VX : *NESTLE SAID NEAR $2.8 BLN U.S. CHOCOLATE UNIT SALE TO FERRERO
- NDA SS : Nordea Top Pick Among Nordic Banks, Berenberg Says
- NOVN VX : Novartis Names Pfizer’s Elizabeth Barrett as Oncology Head
- PGHN SW : Partners Group Assets under management EU62 Bln
- PIRC IM : Pirelli Says Net Proceeds From Offer of Mediobanca Shrs EU152.8m
- CFR SW : Richemont 3Q Sales Rise; Growth Constant FX Beats Estimates
- RIO LN : Rio Is Said to Drop Pursuit of $5 Billion Stake in Lithium Miner
- RYA LN : Ryanair Unions Call Strike in Italy for Feb. 10: Rai News
- GLE FP : SocGen Plans China Brokerage Joint Venture: Eco Observer
- SW FP : Sodexo 1Q Rev. EU5.31B VS EU5.45B; Maintains FY Objectives
- SZU GY : Suedzucker Boosts Full Year Revenue Forecast
- CSS FP : La Chapelle Fashion in Talks to Buy Naf Naf, Unions Say: AFP
- WTB LN : Whitbread Among Top Leisure Picks at Berenberg, Sodexo Key Sell