Dow +0.20% S&P -0.11% NAsdaq -0.59% Russell -1.08%
US Mkt closed slightly lower. Crude oil surged on Saudi cut news, notching an overnight high near $54.50/bbl. The energy component pulled back throughout the day, ending its pit session with a 2.6% gain at $52.83/bbl. The technology sector contributed to the relative weakness in the Nasdaq, but biotechnology also weighed on the tech-heavy index. IBB -0.8% with ALXN dived 12.9% after two top executives resigned from the company.PHLX -0.8% after MU falling 2.4% after the company warned that the memory market may be flooded by China within a few years. Volume were above average with 1.2bil shares. US After Hours URBN +2% following comps update, BA higher following dividend / buyback news -- and despite reports of additional 777 cuts... INOV -33%, PAY -4.5% following earnings/guidance. Asian indices mixed with Shanghai Composite remaining under most direct pressure despite the better than expected set of November economic data; USD majors largely in narrow ranges with little reaction to China figures for AUD, as traders more inclined to await the expected Fed decision to hike rates this Wednesday and assess the accompanying statement for tightening inclination next year. China industrial output at a 3-month high and retail sales at a 11-month high. ADB cuts developing Asia 2016 GDP to 5.6% from 5.7% and Maintains 2017 GDP at 5.7%. US press speculates BOJ is considering raising its economic assessment for the first time since May 2015, while former BOJ member Shirai says central bank will have to raise its 10-yr JGB yield target and also reduce JGB purchases next year to adjust to post-Trump rising of US Treasury rates and lower JPY. Moody's: China banks are facing increasing risks in asset quality; due to rising leverage in the system.
Nikkei +0.50% Hang Seng -0.03% CSI -0.18% Shanghai +0.02%
Eur$ +0.07% CNH 6.9279 CNY 6.90 JPY 115.20 GBP 1.2680 CHF 1.0127 RUB 61.0203 WTI$ 52.83
S&P +0.11% EuroStoxx +0.10% FTSE +0.18% Dax +0.12% SMI +0.07%
Macro :
- EU to Propose New Security Rules for Messaging Services: Reuters - http://reut.rs/2hmA6Hz
Keep an eye on :
- AAPL US : Apple Held Talks to Invest in Softbank’s $100b Tech Fund: DJ
- BA US : Boeing Boosts Qtrly Div. by 30%, Sets New $14b Share Buyback
- BPE IM : BPER Says Minimum Common Equity Tier 1 Ratio Set at 7.25%
- BPOS BB : Bpost to Buy Dynagroup of the Netherlands; Terms Not Given
- BMPS IM : Monte Paschi Seen Eligible for Precautionary Recap: Official
- CABK SM : CaixaBank Announces Revision of Pilar III Related Info: Filing
- CDA FP : Compagnie Des Alpes FY Net Climbs 11%; Ski Reservations Rise
- DBK GY : Deutsche Bank Could Opt for Merger: Handelsblatt
- EDF FP : EDF Targets Nuclear Plant Availability Above 90% in January
- FUR NA : Fugro Holder Boskalis Offering Up to 12.7m Shares
- GEN DC : Genmab Gets EU Approval for Arzerra Combo to Treat Relapsed CLL
- GLEN LN : Glencore, Nippon Steel Said to Settle 1Q17 Met Coal at $285/Ton
- MS IM : Vivendi Says It Owns 3.01% Of Mediaset, Eyeing a 10%-20% Stake
- MOR GY : MorphoSys Starts Phase 2 Trial of MOR208 in Combo With Zydelig
- NHH SM : NH Hotel Targets 2017 Revenue Between EU1.54b- 1.57b
- SKY LN : Fox Set to Propose Guarantees for Sky Deal Approval: Telegraph
- SON PL : Sonae Agrees to Sell Some Real Estate Assets in Troia, Portugal
- SYNN VX : Fertilizer Sector ‘Never Looked More Expensive’: Scotiabank
- TEL NO : Telenor Board Says Considers Case Closed on Brekke’s Handling
- TOM2 NA : Garmin Sues Flir’s Raymarine Over Patents for Boat Navigator
- UBI IM : UBI Says Minimum CET1 Phased in Requirement for 2017 Is 7.5%
- UCG IM : Unicredit Said Set to Announce $13.8B Share Sale Soon as Tuesday, UniCredit Plans to Raise Up to EU13b in Rights Offer
- UCG IM : UniCredit Says 2017 CET1 Requirement Set at 8.75% by ECB