Dow +0.49% S&P +0.46% Nasdaq +0.69% Russell +1.15% VIX 13.38 (-0.74%) VXX 32.65 (-2.22%)
US Market closed higher helped by rebound on oil & Heavyweight. Q3 Kickoff is also a catalyst. Crude oil extended its recent winning streak after Russian President Vladimir Putin signaled that he supports freezing or even cutting Russian oil production. The commentary comes on the heels of OPEC's recently-proposed output cap. Elsewhere, Saudi Arabia's oil minister also contributed to the positive bias when he suggested that oil prices could reach $60.00/bbl before the end of the year. WTI crude finished the day higher by 3.1% ($51.32/bbl, +$1.56). All 11 sectors finished with a gain. The energy (+1.5%), utilities (+0.8%), and technology (+0.7%) sectors led the advance. The industrials sector (+0.02%) brought up the rear, held back by an earnings warning from Dover (DOV 66.69, -5.55), which followed on the heels of Honeywell's (HON 106.80, -0.14) profit warning on Friday. AAPL outperformed on Samsung Galaxy 7 problems. IBB +1.4%. U.S. bond market was closed in observance of Columbus Day and volume were light on equitues with 667 million shares. US After Hours ILMN slammed 25% on Q3, Q4 guidance warning. Markets mixed with broad dollar strength across the region, Fed's Evans reiterates Dec rate hike could be fine. Markets in the region generally opened higher, before tech names got dragged lower on Samsung Electronics (-7%) after they halted mobile providers from selling or exchanging the Galaxy Note 7 due to continued issues. Goldman Sachs noted China FX outflows may be worse than reported; More capital is leaving in CNY rather than USD, which a report from Chinabond.com said that China govt bond holdings by foreign investors reaches record high. China Premier Li comments the global economic recovery is slow but debt risks are under control. Noted leverage outside of financial sector is high, but is confident of reaching economic goals this year.
Nikkei +0.91% Hang Seng -1.27% CSI +0.13% Shanghai +0.25%
Eur$ 1.1124 CNH 6.7212 CNY 6.7146 JPY 104.05 GBP 1.2317 CHF 0.9841 RUB 62.0977 WTI$ 51.29 (-0.12%)
S&P -0.20% EuroStoxx -0.43% Dax -0.33% FTSE -0.25% SMI -0.42%
Macro :
- Germany Unlikely to Decide EU3.2b Naval Order by Mid-2017: HB
- EU Financial Transaction Decision Expected This Year: Schelling
- U.K. Treasury May Lose Up to GBP66b/Yr on ’Hard Brexit’: Times
- Fed’s Evans to Speak on Economy, Monetary Policy in 5 Min.
Keep an eye on :
- ABIT BB : Coca-Cola exercises call option to acquire Anheuser-Busch InBev's stake in Coca-Cola Beverages Africa, AB Inbev Doesn’t See Material Finl Impact From Coca-Cola Deal
- ABI BB : NewBelco to start trading today
- AZM IM : Azimut Said to Near Merger of AZ Quest, AZ Legan Units: Reuters
- BPOST BB : Bpost Told to Spend EU0.6m to Meet Belgian Delivery Deadlines
- KO US : Coca-Cola to Buy Anheuser-Busch Stake in Africa Unit
- ENEL IM : Enel Unit to Acquire Metroweb Total Share Capital for EU714m
- ILMN US : Illumina Lowers Prelim 3Q Rev. View; TMO, PACB Fall Post-Mkt -25%
- LHA GY : Lufthansa, Air Berlin Still Far Apart on 40 Jets Lease Deal: SZ
- MC FP : LVMH 3Q Total Organic Sales, Fashion and Leather Beat Estimates
- COX FP : Nicox Posts No Revenue for 3Q; Confident of FDA Nod on Two Drugs
- ROG VX : Roche Says FDA Grants Priority Review to Genentech’s Lucentis
- RR/ LN : BAE, Ultra Top Sector Picks, Rolls-Royce Big FX Winner: JPMorgan
- SYNN VX : Syngenta/ChemChina Likely to Be Approved by EC: Capitol Forum
- TXN US : Texas Instruments Underperforms; Goldman Says Sell on Valuation
- HO FP : Thales to Book EU110m Pretax Profit From Hanwha JV Stake Sale
- TSN US : Tyson Foods Buys 5% Stake in Beyond Meat; No Terms
- TWTR US : Salesforce Still Said Mulling If to Bid for Twitter: Reuters