Dow +1.19% S&P +1.08% Nasdaq +1.13% Russell +1.10%
US Market Closed higher testing new highs on Dow. Relief rally after softer Irma hurricane & no missile test in North Korea. Each of the eleven sectors settled Monday's session in the green, but gains varied pretty widely. In addition to financials, the technology (+1.5%) and materials (+1.4%) sectors outperformed. Within the tech group, Apple (AAPL 161.50, +2.87) showed relative strength, climbing 1.8%, ahead of Tuesday's product event, in which the company is expected to unveil its latest iPhone lineup, including the high-end iPhone X--which is reportedly the much-anticipated tenth anniversary edition that's been generating buzz for months. Chipmakers also had a solid showing on Monday, sending the PHLX Semiconductor Index higher by 2.0% and into positive territory for the month. energy sector is the only other space trading in the red for the year (-14.1%). VIX -10.8%. USAfter Hours LMNR -11% following earnings/guidance, HIIQ -19% sell-off continues despite mgmt hosting call. Asian equity markets opened higher tracking the strength in the US session. The PBOC weakened the yuan reference rate by 0.4% to 6.5277, the first time in 12 sessions. Offshore yuan fell to a 6-month low on the weaker setting. PBOC did again skip open market operations for the 4th consecutive session, has not happened since early January. The UN Security Council voted unanimously to implement stronger sanctions against North Korea. New measures will ban all textile exports, however are softer than US’s initial proposal.
In the UK Lawmakers voted against opposition labor party attempt to block EU withdrawal bill; vote 326-290, Brexit bill to move to next stage. The Sterling showed muted gains on the news.
Nikkei +1.09% Hang Seng +0.02% CSI +0.31% Shanghai +0.14% Shenzen +0.30%
Eur$ 1.1967 CNH 6.5354 CNY 6.5316 JPY 109.31 GBP 1.3187 CHF 0.9551 RUB 57.2150 WTI$ 48.05 -0.04%
S&P +0.02% EuroStoxx +0.37% FTSE +0.28% Dax +0.30% SMI +0.39%
Macro :
- Juncker is Said to Plan Foreign Investment Screening in EU: FT
- Lithium Companies Rise; China Plans End of Fossil-Fuel Vehicles
Keep an eye on :
- AIR FP : May Asked Trump to Intervene in Boeing, Bombardier Row: Times
- AA/ LN : AA Confirms Had Talks With Hastings About Combination of Unit
- ATC NA : Irma Wiped Out Cable, Wireless Service in South Florida (1)
- AAPL US : Apple Is Said to Be Wary of Active WD Role in Toshiba: Sankei
- AHSL SS : CVC’s Keravel Sold 65.5m Ahlsell Shares at SEK51.5 a Share
- AIXA GY : Aixtron Surges Before IPhone Event, Oddo Sees ‘Ample Upside’
- BSLN SW : Cardiome to Commercialize Basilea’s Zevtera in Europe, Israel
- CAP FP : Capgemini Reiterates FY, Medium-Term Targets on Capital Mkt Day
- HSTG LN : AA Is Said to Plan Merger of Unit With Hastings: FT (Earlier)
- IAG LN : IAG Most Exposed to Low-Cost Atlantic Competition; MS Downgrades
- NOVN VX : Novartis Sandoz Biosimilar Rituximab Accepted for Review by FDA
- RWE GY : RWE Is Said to Hire Endesa, Osaka Gas LNG Traders in Expansion
- SCR FP : Scor’s Kessler Says Florida Cat. Exposure ‘Very Low’: Echos
- UMI BB : Leysen Family’s Tradicor Sells EU0.66M of Umicore Stock: FSMA
- UN1O GY : Uniper CEO Prefers Co. Independence to Sale to Investor: HB
- VIV FP : Vivendi Said to Try Last-Minute Move to Avoid $359 Million Fine
- VOW3 GY : VW Plans 300 Electric Models, EU20b in E-Mobility Capex by 2030