Dow+1.26% S&P+1.25% NAsdaq+1.26% Russell+0.95%
US Market Closed higher helped by rebound in oil, and outperformance of Industrial & Financials. JPY move overnight and implications on Nikkei were also a positive catalyst. WTI crude ended its day higher by 2.9% at $44.70/bbl. Supply disruptions in Canada and Nigeria have been widely credited for the increased buying interest. Industrials names were helped by farm equipment names and aerospace companies outperformed.Caterpillar +2.4% and Deere + 4.0% after the World Agricultural Supply and Demand Estimates Report elicited a bullish response in agriculture names. Financials were helped by CS performance (+6%) on better numbers. in the consumer AMZN continue to trade to new 52 weeks highs. Volume today were below average at 831mil shares. US After Hours Stock moving on ERN +ve : FUEL +17.1%, TROV +17.8%, NAII +15.1%, EA +7.5%, REXX +4.8%, BUFF +4.7%, PLNT +3.7%, CSLT +1.2% -ve : FOSL -30.6%, CJES -23.4%, TRXC -15.5%, FELP -11.6%, CYTX -11.5%, WATT -6.1%, KGC -5.8%, NUAN -5.5%, DIS -5.4%, ALRM -4.9%, DGLY -3.1%, PSEC -2%. WFT +1.3% on insider buying, ODP -26.3% (confirms the FTC's request for a preliminary injunction to block the proposed merger with Staples (SPLS)), SPLS -10.1%. Asian equity markets are mixed despite the biggest rally on Wall St in weeks as investors remain unconvinced that slowdown in China can be contained. Nikkei225 started out strongly with a rally of over 1% above 16,800 but retreated in afternoon session when JPY buyers re-emerged. Japan PM advisor Fuji called on the govt to postpone the sales tax and offer as much as ¥10T in fiscal spending measures. SoftBank +2.67% on Ern.
Nikkei +0.52% Hang Seng -0.71% CSI +0.85% Shanghai +0.59%
Eur$ 1.1387 CNH 6.5356 CNY 6.5115 JPY 108.67 GBP 1.4452 CHF 0.9737 RUB$66.0707 WTI$ 44.42 (-0.54%)
S&P -0.18% EuroStoxx +0.10% Dax +0.13% SMI -0.08%
Macro :
- Goldman Sachs Increases Gold Forecasts, Still Sees Price Decline
- Bafin Warns on Shortfalls in Corporate Pension Funds: Die Welt
- Goldman Calls Dollar Bottom Saying Traders Misprice Fed Resolve
- IMF Might Not Join Greek Bailout at Current Review: Kathimerini
Keep an eye on :
- ABBN VX : Investor AB Says ABB to Make Grid Unit Decision This Year: SVD
- AGFB BB : Agfa-Gevaert bidding to acquire targets, CEO says - De Tijd
- AKER NO : Aker 1Q Net Asset Value Declines to NOK19.7b in 1Q
- ALV GY : Allianz 1Q Net Rises 21%, Non-Operating Result Jumps EU339m
- ALO FP : Alstom Year Sales Beat Ests.; Confirms 2020 Targets
- ATC NA : Altice 1Q Rev. Matches Ests.; Reiterates FY Outlook
- AKE FP : Arkema 1Q Ebitda Beats Estimates; Repeats Ebitda to Rise in 2016
- AST IM : Astaldi 1Q Total Rev. Up 4.6% Y/y to EUR632.6m
- SPR GY : Axel Springer Says Digital Business Boosted 1Q Earnings Again
- BP IM : Banco Popolare 1Q Net Loss EU313.6m vs Profit Expected
- PMI IM : Pop. Milano CEO Particularly Satisfied With 1Q Results
- BEKB BB : Bekaert Sees 1H Adj. Ebit Margin Topping 7%; 1Q Rev. Misses Est.
- GBF GY : Bilfinger Says 1Q Development In Line, Confirms FY Outlook
- CARL BB : Carlsberg 1Q Organic Sales Growth Beats Ests., Confirms Forecast
- CNP FP : CNP Assurances 1Q Net EU281m; Hit by Decline in Brazil Real
- CSGN VX : Credit Suisse Estimates Cut; 1Q Beat Not Sustainable: JPMorgan
- DPW GY : Deutsche Post 1Q Ebit Beats Est, Rev. Misses; FY View Confirmed
- DIS US : -6% after Hours on ERN, ESPN & Theme Park were weaker
- EDF FP : EDF 1Q Sales EU21.4bn, Co. Reiterates FY Ebitda Target
- EDF FP : EDF CFO Says EU1 Billion Cost Savings by 2019 Is ‘A Minimum’
- ENGI FP : GBL Buys Back EU458.3m Engie-Convertible Bonds at 101.25%
- EOAN GY : EON 1Q Underlying Net Income Beats Estimates; Confirms Forecast
- EOAN GY : E.ON Open to Govt Deal on Nuclear Waste Disposal: Handelsblatt
- GALN VX : Sprint Investments 2 Starts Placement of 320k Shares in Galenica --> CHF1,355
- HOT GY : Hochtief 1Q Sales Above Estimates, Confirms 2016 Guidance
- IBAB BB : Ion Beam 1Q Rev. Rises 10% to EU64.6m; Reiterates 2016 Guidance
- DEC FP : JCDecaux 1Q Adj. Rev. Up 15%; Sees 2Q Organic Growth at 3%
- JEN GY : Jenoptik 1Q Rev. Up 8.5%; Profit Down 22%; Reiterates Outlook
- LXS GY : Lanxess 1Q Ebitda Ex-Items Beats Estimates; Raises 2016 Forecast
- LEG GY : LEG 1Q FFO I Rises 22%; Raises FFO I Outlook for 2016, 2017
- LUN DC : Lundbeck 1Q Rev., Ebit Beat Estimates, Lifts 2016 Forecast
- LUPE SS : Lundin Petroleum 1Q Ebitda Meets Estimates
- MHG NO : Marine Harvest 1Q Net Income Beats Est.; NOK1.70/Share Dividend
- MB IM : Mediobanca 3Q Net Beats Estimate; CET1 Fully Loaded 13.2%
- MEO GY : Metro 2Q Sales In Line With Ests., Confirms FY Guidance
- MSK IM : Moleskine Confirms 2016 Guidance, 1Q Rev. Up 8.2%
- MONC IM : Moncler 1Q Total Sales, Constant FX Sales Growth Beat Ests.
- NHH SM : NH Hotel Net Loss EU39.6m vs Net Loss of EU29.1m yr earlier
- OCDO LN : +9.3% on Rumor of AMZ potential bid fueled by BErnstein Report on AMZN stating that co has plenty of CF to invest and not many options.
- OPERA NO : Opera 1Q Rev Beats Ests on Advertising, Consumers Sales Growth
- RBI AV : Raiffeisen Eyes Possible Merger With Parent RZB This Year
- REP SM : Repsol could accelerate disposals opportunistically or to keep IG rating
- RUI FP : Rubis 1Q Reported Rev Rises 16% to EU735M
- SALM NO : Salmar 1Q Operational Ebit Rises; Names Trond Williksen New CEO
- SBMO NA : SBM Offshore Keeps FY 2016 Directional Revenue, Ebitda Guidance
- SCHA NO : Schibsted 1Q Revenue Matches Estimate; Says Had Good Start to Yr
- SWECB SS : Sweco 1Q Ebita Beats Ests., Sales Slightly Below
- UCG IM : UniCredit CEO Confident Bank Will Reach 2016 Targets
- VLA FP : Valneva 1Q Op Loss Narrows, Confirms 2016 Financial Outlook
- VOW3 GY : Qatar Said to Name Hessa Al Jaber to VW Board: Reuters (Earlier)
- WDI GY : BaFin Sees Indications of Manipulation of Wirecard Shares
- WDP BB : De Pauw Family Sells EU7.75m of Warehouses De Pauw Stock