Dow+0.47% S&P+0.53% Nasdaq+0.84% Russell+0.42% VIX 24.37
US Market closed higher after a shaky start..S&P finished thu. session +2.4% up on the week. Tech & Healthcare were strong and helped mkt to hold levels. Energy (+0.5%) and financials (+0.5%) settled with gains while the remaining sectors struggled to keep pace with the market. Con-way (CNW 47.55, +12.02) was the big story in the bellwether complex as the stock surged 33.8% after agreeing to be acquired by XPO Logistics (XPO 30.24, -3.75) for $47.60/share or $3 billion. Volume were just below average with less than 800mil shzres traded, with again lighter volume on Up day than down day. US After Hours ZSPH +28% after Actelion confirmation of approach, ACET +5.1%, RH +2.3%, CHKE -32.4%, ZUMZ -19.1%, FNSR -12.1% following earnings/guidance, PGI +21.6% (to be acquired by Siris Capital Group for $14.00/share in cash, or ~$1 bln; deal includes a 45-day 'go-shop' period), Japan Q3 BSI Manufacturing data saw some notable improvement, sending USD/JPY pair to session lows below 120.60 just before the Tokyo open. Among speakers, Econ Min Amari reiterated calls on corporations to pass through improving profitability to higher CapEx and wages. Earlier in the day, local press reported Japan govt is considering a partial refund of consumption tax in some of the food components when it rises to 10% in Apr 2017. Recall the last increase in consumption tax to 8% resulted in a protracted slowdown in consumption. Ahead of the weekend release of key economic data in China ( ), state planner NDRC warned the economy still faces significant downward pressure, even though it is still in reasonable range. NDRC also noted investment growth is weak but stable, and forecast Aug YTD fixed-asset investment to be similar to Jan-July rate.
Nikkei +0.01% Hang Seng +0.86% Shanghai -0.07%
Eur$ 1.1285 CNY 6.3735 JPY 120.81 BRL 3.8496 RUB$67.51 WTI $45.69
S&P +0.33% EuroStoxx +0.21% Dax +0.21% SMI +0.32%
Macro :
- Brazil’s Loss Is Levy’s Gain as Cut to Junk Favors Austerity (1)
- Brazil’s Real Leads World Declines as Bonds Tumble After S&P Cut
- BOJ Stimulus Odds Increase for Next Month in Economist Survey
- Puerto Rico Seen Trying to Avert Defaults One Bond at a Time
- Goldman Cuts Crude Forecasts as ~$20 Oil Seen Possible on Glut
Keep an eye on :
- ATLN VX : Actelion Said to Consider Buying ZS Pharma in $2.5 Billion Deal
- ADS GY : Adidas Said Preparing to Take Rights to NHL Jerseys: DJ via CNBC
- ALU FP : Combes May Be Ready to Reduce His Alcatel Pay-Off, Echos Says
- ALV GY : Allianz Demands EU7.5M From Germanwings Co-Pilot’s Estate: Bild
- ALD LN : AnaCap Funds, Tosca Sell 50.9m Aldermore Shrs at 286p/Shr (15% stake)
- BO DC : B&O Searching for Partners in TV Operations, Borsen Says
- CON GY : Continental Removes China Tire Sales Team on Compliance Issue
- EDEN FP : Edenred Names Bertrand Dumazy Chairman and CEO; CFO to Leave
- OGzd LI : Gazprom May See Lower 2016 Revenues Over Gas Prices: Kommersant
- GLEN LN : Glencore Intl Outlook Lowered to Negative From Stable at Moody’s
- GWI1 GY : Gerry Weber 3Q Sales, Profit Miss; Co. Sticks to Outlook
- IT IM : Italcementi sale to Heidelberg Cement may close in 1H16 - Milano Finanza daily edition
- JLF LN : Marsh & McLennan Offers to Buy Jelf Group Plc for 215p/Shr
- NESN VX : Nestle’s Bulcke Sees Threats to Swiss Competitiveness: Le Temps
- OHL SM : OHL Mexico Files Criminal Complaint Against Infraiber
- SCR FP : Scor of France Cleared to Enter Kenyan Reinsurance Market: Daily
- TEMN SW : Temenos Raises 2015 Outlook After Signing Deal With Nordea
- UL FP : Unibail-Rodamco Plans to Invest EU630M in La Defense