Dow +0.72% S&P +0.82% Nasdaq +1.03% Russell+0.28% VIX 22.19 (-8.72%)
US Market closed higher after a volatile day. Oil rested on its overnight low until reports of a terrorist attack in Turkey pushed the energy-component higher. WTI crude was able to mount a rally into the U.S. open, but was unable to maintain that momentum. Declines in oil were mirrored across equities for the most of the day as WTI crude ended its pit session lower by 3.1% at $30.44/bbl. However, the energy component climbed in electronic trade and the stock market rallied alongside. Heavy weighted tech saw relative strength SBUX+2.8% on news of pace of having 2000 stores in China. IBB+1.6%. Volume were above average with more than 1bil shares. US After Hours ICLD +4.6%, ACST +4.4%, IRG +2.0%, PRGS +1.7%, TREE +1.6%, F -3.9%, CSX -2.5%, WBMD -1.5% following earnings/guidance, MET+7% on spin-off news, FXCM-11.6% on Q4 metrics, CYBR: Check Point reportedly in talks to acquire CyberArk - Haaretz; +13.2% afterhours Asian equities are tracking the gains on Wall St, with more positive regional developments helping in broad-based market recovery. Continued pause on currency devaluation by the PBoC along with stronger than expected China trade data have lifted risk-on sentiment across the asset classes. Nikkei225 is in the lead among the indices, boosted by weaker JPY, as USD/JPY rose some 70pips above 118.30. Imports declines were also not as severe as expected - in CNY -4.0% v -7.9%e and in USD -7.6% v -11.0%e. Shipments to Europe resumed growth, decline in Japan exports was cut in half below 5%, and US exports improved to -3.7% v -5.3% prior. Customs Office did acknowledge that challenges remain in China trade development, and that authorities will monitor exchange rate changes.
Nikkei +2.88% Hang Seng +2.01% Shanghai -1.29%
Eur$ 1.0833 CNH 6.5753 (offshore) CNY 6.5763 JPY 118.15 GBP 1.4448 CHF 1.0047 RUB$76.73 WTI $30.80 (+1.18%)
S&P +0.69% EuroStoxx+1.05% Dax +1.08% SMI +0.93%
Macro :
- Gundlach Paints Bearish Outlook for 2016 Investing, Economy
- Gundlach Says Technicals Call for S-T Bottom in Oil Price: Rtrs
- EIA Cuts 2016 WTI Forecast by 24%, Reduces Brent Outlook by 28%
- Global PC Shipments Down 10.6% Y/y in 4Q, IDC Says
- China’s 2015 Exports Fall 1.8% in Yuan
- China Trade Surplus Swells as Exports Rise in Boost for Yuan
- Cyber Security Stocks May Move After Report on CHKP/CYBR Talks
- Offshore Yuan Set for Record Five-Day Gain as China Curbs Supply
- KKR Holds Most Cash Since 2011 as Risks in Stocks Increases (1)
Keep an eye on :
- A2A IM : A2A to Buy 51% Stake in Linea Group Holding
- ABG SM : Abengoa Bondholders in Talks to Enter Co. Capital: Economista
- AV/ LN : Direct Line, Aviva Flood Losses Won’t Slam Book Value: Barclays
- BA/ LN : BAE Has Expressed Interest in ATRO in the Past: TheDeal
- BA/ LN : BAE Systems to Cut Up to 300 Addl Jobs in Florida
- CBK GY : Frankfurt Court Rejects Firings at Commerzbank: Handelsblatt
- CGG FP : CGG Holders Can Buy New Shares at EU0.66 in EU350M Rights Offer
- ENI IM : Eni Wants to Keep ‘Significant’ Stake in Versalis: Statement
- GEBN VX : Geberit FY Sales In Line, Says Sanitec Integration on Track
- GSK LN : GlaxoSmithKline Sees 2016 Core EPS W/ Double Digit Growth CER
- ILD FP : France’s ARCEP Wants End to Free-Orange Network Sharing http://bit.ly/1ZjTxMe
- JMT PL : J. Martins 2015 Sales Rise 8.3% Y/y to EU13.7b; Est. EU13.7b
- JMT PL : Jeronimo Martins Sales Show Competitive Advantage, Exane Says
- KTC NA : Consortium Increases Ten Cate Bid to EU26 From EU24.60
- OR FP : L’Oreal, Puig Study Bids for Dolce & Gabbana Perfumes: Figaro
- MKS LN : M&S Said to Have Approached EasyJet CEO McCall for Top Job: Sky
- ORA FP : France’s ARCEP Wants End to Free-Orange Network Sharing http://bit.ly/1ZjTxMe
- ORA FP : Orange to Acquire Airtel’s Units in Burkina Faso, Sierra Leone
- PMI IM : Pop Milano, Popolare Intensify Talks, Seek Deal by March: Rtrs
- ROG VX : Roche Says Troponin Test Cuts Time For Heart Attack Diagnosis
- SAB SM : Blackstone Acquires Sabadell Real Estate Portfolio: Expansion
- SAN FP : Sanofi CEO ‘Vigilant’ on Possible Deals, Looking for Bolt-Ons
- SHP LN : Shire: Will Continue Seeking M&A, Business Devt Opportunities
- SHP LN : Baxalta Ratings May Be Cut by S&P
- SW FP : Sodexo 1Q Organic Sales Growth Beats Ests., Confirms FY16 View
- SZU GY : Suedzucker Confirms FY16 Forecast; 9-Month Oper. Result Rises
- TEF SM : Telefonica’s Movistar to Distribute BeIN Sports La Liga Channel
- TNTE NA : Goldman Sachs Reports Smaller Indirect TNT Stake, Filing Shows
- VOW3 GY : California Regulators Reject Volkswagen Recall Plan - WSJ http://on.wsj.com/1l3V4IC
- VOW3 GY : VW CEO Said to Meet with House Energy Panel Chairman