Dow-1,85% S&P-1,70% Nasdaq-1,67% Russell-1,24% VIX 16.69 (+10.82%)
US MArket closed lower, breaking its 50d MA, in negative territory YTD, USD slide pushed mkt lower, this move fueled concerns about the earnings prospects of multinational companies while also putting pressure on overseas entities that conduct their dealings in dollars. As a result, a wave of recent downward earnings revisions has lowered 2015 EPS growth expectations to just 1.1% from 9.8% on December 1, according to S&P Capital IQ...Less prospects for solid earnings growth broadsided the six growth-sensitive sectors while countercyclical groups did not fare much better. Sellers remained in control throughout the day with the two largest sectors by weight—technology (-2.2%) and financials (-2.1%)—pacing the retreat...URBN +11.5% on better numbers...Crude oil lost 3.1% to $48.40...Volume were ahead of recent average @ 830mil shares...US After Hours SURG +7.1%, CVTI +6.8%, SINA +2.2%, ZGNX -8.4%, HABT -8.0%, ERA -6.7% following earnings/guidance...MELA +39.4% on good news from CPT Panel, NATH +4.8% on special cash dvd...Asian markets started to track US Market but bouncing back now...On Japan's 4-year anniversary of the Fukushima disaster, BOJ's Shirai saw higher uncertainty over timing to achieve 2% inflation target, adding a delay is possible even though Japan economy is in better shape than before the start of policy easing. Shirai added a temporary reduction of Japan core CPI growth is acceptable, since it will likely surge once the decline in crude oil prices begin to stall as early as H2 of FY15. In economic data, Japan machine orders data continued to outperform, while wholesale inflation was still anemic and in line with consensus.
Nikkei +0.31% Hang Seng -0.71% Shanghai -0.20%
RUB $62.11 WTI $48.96 Brent $56.78 EURCHF 1.0680 CHF 0.9991
EUR$ 1.0693 S&P +0.24% EuroStoxx +0.14% Dax +0.14% SMI +0.05%
Macro :
- China Jan.-Feb. Industrial Output Rises 6.8% Y/y; Est. 7.7%
Keep an eye on :
- ADP FP : ADP to Sell Paris Head Office for EU40M-EU50M, Echos Says
- ADEN VX : Adecco 2014 Net, Dividend Beat; Rev in Line; Knightsbridge M&A
- AIR FP : Airbus Favored to Join 4t Won Korea Helicopter Project: Chosun
- ATL IM : Atlantia Raises EU227.9m in ABB Sale of 1.18% of Capital
- ATRS AV : Atrium Posts 2014 Loss EU57.7m on Russian Writedowns
- BAYN GY : Bayer: Optimistic for Future, HealthCare Unit Outlook Positive
- BC IM : Cucinelli 2014 Ebitda, Net In Line With Ests.
- CNE LN : Cairn Energy Disputes Indian Taxation of Some Transactions
- CLASB SS : Clas Ohlson 3Q Profit Slightly Above Est.; Feb. Sales Rise 9%
- DPW GY : Deutsche Post 4Q Profit Misses Est, Rev. Beats
- EDF FP : French National Assembly, Senate Fail to Agree on Energy Law
- EOAN GY : EON Posts 2014 Net Loss, Says Cost Cuts Achieved a Year Early
- FCA IM : Fiat Chrysler CEO Marchionne Sells 1.44m Shrs, Cuts Stake to 13m
- FUR NA : Fugro Investor Boskalis Demands Vote on Protective Measure
- GSK LN : GSK to Open New Asian Headquarters in Singapore in 2017
- HMB SS : H&M Cut to Sell at UBS on Resurfacing Gross Margin Worries
- EGL PL : Mota-Engil 2014 Turnover Reached EU2.4b; Order Book EU4.4b
- DEC FP : Decaux Family Selling 5.4% Stake in JCDecaux
- LOGN SW : Logitech Sees FY 2015 Sales of $2.1b; 2016 Sales of $2.15b
- MMB FP : Lagardere Seeks 2015 Operating Profit Growth of About 5%: Echos
- MUV2 GY : Munich Re Aims for EU2.5b-EU3b 2015 Profit After EU3.2b in 2014
- REP SM : Repsol’s Brufau to Give Up Executive Powers, Expansion Reports
- RBREW DC : Royal Unibrew to Buy Back DKK350m of Own Shrs
- SAND SS : Sandvik CEO Says Demand Situation Is Stable: Dagens Industri
- VIV FP : Spotify to Spend $1b to Renew Universal Music Licensing Deal:NYP