Dow-0,95% S&P-0,84% Nasdaq-0,68% Russell-0,87%
US Market closed lower on Friday, below its 50d MA (2045), news on Bbg in the mnorning reporting that ECB was unbsure about QE put pressure on the market, NFP Report helped market to rebound but it was short live, the lack of payroll growth took the shine off what would have been a decent report. Hourly wages declined 0.2% and November growth was slashed in half (to +0.2% from +0.4%), the absence of wage growth kept financials (-1.3%) and consumer discretionary shares (-1.1%) behind the broader market throughout the session. Hombuilder had OP before earning season period, cyclical sectors, industrials (-1.1%) finished among the laggards while energy (-0.8%), materials (-0.5%), and technology (-0.3%) outperformed. Volume were below average @ 713mil shares...VIX @ 17.55 +3.11%...Japan Cabinet office raised Japan FY15 real GDP forecast to 1.5% (as expected) from 1.4% previously forecasted, also forecasted CPI at 1.4%. Later in the day, Japan Finance Minister Aso officially announced approval of ¥96.3T budget for FY15, in line with press speculation earlier today. Japan forecasted FY15 tax revenues to be ¥54.5T, while forecasted Finance Ministry bond sales to drop to ¥36.9T, both in line with expectations.Over the weekend, Fitch cut Russia's sovereign rating by one notch to BBB- with negative outlook, citing sharp falls in oil prices and the ruble, with a steep rise in interest rates. Fitch noted growth may not return in Russia until 2017. Crude oil continued to fall in today's session. WTI crude dropped to as low as $47.50/bbl, while Brent oil at just above $49/bbl. In terms of the Shanghai equity market, A-shares continued to decline today by another 2.1%, to the worst level so far in the year....US Companies reporting today After the close : AA, SNX & LMNR
Nikkei +0.18% Hang Seng +0.19% Shanghai -1.89%
RUB $62.72 RUB €74.68 WTI $47.36 BRENT $49.13
Eur$ 1.1857 S&P flat EuroStoxx +0.46% Dax +0.39% SMI +0.28%
Macro :
- Russia Cut to One Step Above Junk by Fitch on Oil, Sanctions (2)
- China 2014 Vehicle Sales 23.5m Units Vs 21.98m Units Year Ago
- Greece Euro Exit Worse Than Lehman Default, Eichengreen Says
- Greek Central Bank Says Deposit Outflows Under Complete Control
- EU Plans to Introduce Foreign Fighter Category at Borders: Welt
- Spain Supports EU Introducing Border Checks, Diaz Tells El Pais
- ECB's Visco (Italy) announces support for QE; says QE is now a "standard" tool for central banks
- Japan Raises FY15 Real GDP Growth Forecast to 1.5% From 1.4%
Keep an eye on :
- AERL LN : Aer Lingus Investor Says IAG May Have to Bid Eu3/Shr: Telegraph
- ATL IM : *ATLANTIA MAY SELL UP TO 40% OF AUTOSTRADE PER' L'ITALIA: SOLE
- ATLN VX : Actelion Confirms 2014 Guidance, to Give 2015 Outlook Later
- CRG IM : Consob Challenges Carige 2013 Earnings in Civil Court in Genoa
- DLG GY : Dialog Semiconductor 4Q Sales Rise Above Forecast
- ENEL IM : Enel Achieves Eu4b Disposal Target in 2014: Il Sole 24 Ore
- ETL FP : Eutelsat CEO Plans Record 5 Satellite Launches in 2015: Figaro
- FCC SM : FCC Board to Consider Slim Nominations This Month, Cinco Says
- HSBA LN :HSBC, RBS Expected to Cut Bonuses Because of Fines Paid: FT
- ORA FP : Orange to Raise Stake in Cloudwatt to 100%, Les Echos Says
- PG IM : GoldenTree, Marc Lasry Buy Just Under 50% of Seat PG: Sole
- PMO LN : Premier Oil Says It Can Break Even on $35-a-Barrel Oil: Times
- QIA GY : Qiagen Full Yr EPS Guidance Cut to ~$1/Shr on $47m Charges
- ROG VX : Roche Takes Majority Stake in Foundation Medicine for $1 Billion
- RYA LN : Ryanair to Make Push for Business Customers: WirtschaftsWoche
- SAMAS FH : Sampo Not Buying Topdanmark Shares Now, CEO Tells Berlingske
- SAN SM : Soros Funds Invest in Santander Capital Increase, Mundo Says
- SEV FP : Suez Environnement CEO Vows to Stay in U.K. on EU No Vote: FT
- SGO FP : St Gobain Aims to Double Asia Share of Sales to 10% 2020: Echos
- SHP LN : Shire to Buy NPS Pharmaceuticals for $46-Shr in Cash, Deal Doesn’t Put Restrictions on More M&A: CEO
- STAN LN : Standard Chartered Liquidates Swiss-Private Bank Unit: FuW Link
- SBD LN : Songbird to Reject Qatar Investment Authority Offer: Telegraph
- TFI FP : TF1 Is Nearing Sale of Eurosport Channel, Les Echos Says
- TSCO LN : Tesco Said to Suspend Ninth Executive Over Accounting: Telegraph
- TSCO LN : Auchan may be interested in acquiring Tesco's Polish assets
- UHRN VX : Swatch Sees Positive Effect From Dollar Rate: Schweiz am Sonntag
- VOLVB SS : Volvo Cars to Export China-Built Vehicles to U.S. This Year