Dow -0.32% S&P -0.21% Nasdaq -0.29% Russell -0.89%
US Market closed lower, Risk off trade began. Financials led today's retreat, closing lower by 0.7%. The sector also sits in the red for the week (-0.7%), but will have an opportunity to change today as a batch of banks will be reporting their quarterly results before the opening bell, including JPMorgan Chase (JPM 86.24, -0.84), Wells Fargo (WFC 54.50, -0.30), and Bank of America (BAC 22.92, -0.15). WTI Closed higher +1.4% @ $53.03/bbl. IBB bounce back +0.4% after being down 3% yesterday. FCA-10.3% on EPA news. The 10-yr yield finished lower by two basis points at 2.36%. US After Hours P +7.5% following upside guidance/job cuts... URRE, FCEL, OOMA, TWO lower following offering news. Asian equity indices are mixed once again in the final session of the week; Nikkei225 is among the top performers thanks to weaker JPY, as USD/JPY is up for the first time in 5 trading sessions. China trade data saw mixed-negative results - both USD and CNY terms trade balance surplus slowed to 9-month low, but currency played a part in components; In USD terms, Exports fell more than expected at -6.1% v -4.0%e and imports were in line around +3%; In CNY, Exports were slightly better than expected at +0.6% v -0.1%e and Imports were even stronger at +10.8% v +4.2%e. China Customs officials noted there were uncertainties in trading conditions in 2016, and 2017 will retain big downward pressure on China's economy amid the threat of rising protectionism. BOJ Quarterly Public Opinion of Household Sentiment: Maintains view of 2% inflation in both 1-year and 5-year time frames.
Nikkei +0.80% HAng Seng +0.41% CSI +0.09% Shanghai -0.26%
Eur$ 1.0633 CNH 6.8282 CNY 6.8860 JPY 114.73 GBP 1.2162 CHF 1.0085 RUB 59.33 WTI$ 53.096 +0.15%
S&P +0.11% EuroStoxx +0.46% FTSE +0.35% Dax +0.40% SMI +0.70%
Macro :
- U.S. Dec. Budget Deficit at $27.5b; Est. $26b
- Bullard: B/Sheet Rolloff May Be Better Than Aggressive Hiking
- China Dec. Exports Rise 0.6% Y/y in Yuan Terms; Est. -0.1%
Keep an eye on :
- ASRNL NA : Dutch Government Sells 20.4 Million ASR Nederland Shares
- ATLN VX : J&J, Actelion Deal Said Valued at $250-$260/Shr: StreetInsider
- BCP PL : Portugal Regulator CMVM Approves BCP Rights Offering Prospectus
- BMPS IM : Monte Paschi Handling in Keeping W/ Resolution Rules: Vestager
- EDF FP : EDF Gets Reprieve for Reactor Safety Checks Amid Cold Snap: ASN
- FCA IM : Fiat Chrysler Stock Reaction ‘Seems Overdone,’ BofAML Says
- FCA IM : Marchionne Says Fiat EPA Issues Have Nothing in Common With VW
- FCA IM : Fiat Chrysler to Be Investigated by N.Y.’s Schneiderman
- GEO IM : Geox Says Gregorio Borgo Named CEO With Immediate Effect
- IIA AV : Immofinanz Launches Incentivized Conversion Invitation
- JMT PL : J. Martins 2016 Sales Rise 6.5% Y/y to EU14.6b, Meets Estimates
- NOVOB DC : Novo Nordisk Sued by Pension Fund Over Alleged Price Fixing
- ORA FP : Orange Says CEO Richard Didn’t Confirm to Employees Canal+ Talks
- TCH FP : Technicolor Lowers FY2016 Adjusted Ebitda Outlook
- TEC FP : Mondi to Replace Technip in S&P Europe 350 Index
- TEL NO : Telenor CEO Says Denmark Business Model Not Sustainable: DN
- VOD LN : VOD LN (possible divestment of U.K. unit to Liberty Global) - FT
- VOLVB SS : Volvo Construction Moves HQ to Gothenburg From Brussels