Dow +0,00% S&P -0,08% Nasdaq +0.27% Russell +0.33%
US Market traded off lows even with Trump son / Russia headlines. Yellen is the focus. Semis higher again as we were +ve on AMAT. Miners up after PBoC injected liquidity in system (dollar weakness also helped copper/Iron Ore). Crude higher as E&Ps were helped by bounce in NatGas (+4%). Autos up as China June stats solid. Airlines weaker and leaned on TRAN as UAL fell ahead of Investor Update. Banks lower as rates lower. Homebuilders also lagged as BarCap downgraded the group. Macro light. Fed Beige book today too. Around 11:20am EST market took a nose dive (and VIX rallied a quick 12%) after hit the tape that 'Donald Trump Jr posts email chain in which Russian govt intermediaries offer to help Trump campaign and Trump Jr agrees to arrange meeting' - Heard that $40bn worth SPX EMinis were sold within 15min timeframe. But steadily market recovered, with NDX, Russell and Dow all closing above water.
Asian Mkt are mixed Mainland Chinese indices are underperforming the Hong Kong benchmark with the AH Premium Index now down 2% from Monday’s close. Chinese banks are driving Hang Seng gains, with the PBoC adding cash for a second day following its previous stretch of liquidity drains. Renewed yen strength has gotten some blame for the Nikkei’s modest declines. The BoJ stepped up purchases of 3-5Y JGBs in a bid to tamp down yields. The 10Y JGB rate was holding near 0.09%. miners are higher amid commodity price strength. Copper was adding to gains with supply considerations in focus after workers at Chile’s Zaldivar copper mine approved a strike on Monday. Oil was also higher in post-close trade after API reported a bigger-than-expected 8.1M barrel inventory drawdown in the latest week.
Nikkei -0.39% Hang Seng +0.78% CSI -0.13% Shanghai -0.28%
Eur$ 1.1478 CNH 6.7893 CNY 6.7890 JPY 113.49 GBP 1.2851 CHF 0.9632 RUB 60.5636 WTI$ 45.88 +1.87%
S&P -0.02% EuroStoxx +0.31% Dax +0.26% FTSE +0.41% SMI -0.08%
Macro :
- BofA Strategists Advise Cutting Stock Exposure in Shift to Cash
- ABM Industries Is Said to Near Deal to Buy GCA for $1.25b: WSJ
- Emerging-Market Resilience Is Here to Stay: Asset Management One
- MSCI, S&P Mulling Whether to Modify Telecom Sector Group
- France Has Made ‘Extraordinary Progress’, Dimon Tells Echos
Keep an eye on :
- ADP FP : Paris Airport Traffic Rose 3.5% in June vs. Year Earlier: ADP
- AMD US : AMD’s New Server Processor Is Comparable to Intel’s, Review Says
- ATC NA : Altice Creates Infrastructure Unit For France Fiber: Les Echos
- 1COV GY : Covestro’s Upgrade Cycle Nears End; Barclays Downgrades Stock
- GBF GY : Bilfinger: US Legacy Projects Burden Adj Ebita by About EU55M
- CSGN VX : Credit Suisse Says Former Equities Head Paliotta to Leave Bank
- AM FP : Dassault Aviation CEO Worried By France Budget Cut Plans: Echos
- DIREN FP : Direct Energie to Raise Up to EU130m via Capital Increase, Direct Energie Subscription Price EU49.50/Share
- DNB NO : DNB 2Q Net Income Beats Highest Est., DNB to Buy Back About 8.1M Shares
- DOB IM : DoBank IPO Orders Below EU9/Share Risked Missing Offering: Terms
- EDF FP : EDF Expects Flamanville-3 to Reach Full Capacity in Nov. 2019
- EDF FP : Polish Regulator Sees Decision on PGE-EDF Deal in Nov.: Parkiet
- EDPR PL : EDP Renovaveis Says 1H Electricity Generation Rises 9% Y/y
- GTO NA : VeriFone Climbs the Most in 6 Months, Breaks 100-DMA
- GLEN LN : Glencore’s Alumbrera Ordered to Halt by Argentina Court: Reuters
- LGYZ SW : Landis+Gyr Sets Price Range CHF70-CHF82/Shr for July 21 IPO
- MFON RM : MegaFon to Buy Rest of Euroset From VimpelCom, Split Stores
- MSCI US : MSCI Inc. Hits Session High; Betaville Blog Issues ‘Rare Alert’
- RYA LN : Ryanair Could Buy Back Shares to Meet EU Holding Rules: CEO
- SAL IM : Salini’s Lane Construction Wins $232M Contract in New York
- SBMO NA : SBM Offshore Says Shell Exercises Option to Buy FPSO Turritella
- WAF GY : Siltronic Increases Forecast for Financial Year 2017
- GLE FP : SocGen Senior Derivatives Trader Cohen Is Said to Be Leaving
- STL NO : Statoil Increases Stake in Brazilian License BM-S-8
- SYMC US : Symantec Is Said to Weigh Web Certificates Ops Sale: Reuters
- UBSG VX : UBS Invests in iCapital Platform for Private Equity, Hedge Funds
- VIV FP : Spotify, Sony Music Are Said to Reach Licensing Deal: FT
- WAC GY : Wacker Neuson: Martin Lehner Appointed New CEO