Dow-0,20% S&P-0,30% Nasdaq-0,35% Russell-0,22%
US Market closed lower but managed to recover from lows of the day. energy space (+0.4%) outperformed throughout the day thanks to a 2.5% gain in crude oil ...volume were just below average @ 70mil shares...Asian indices are mixed as the global bond market rout takes a breather on technical consolidation. Investors are also awaiting the upcoming China April trade data to gauge whether additional policy easing will be required. Industrial production, retail sales, and fixed investment figures will be out in early European hours. Shanghai Composite is one of the weaker indices in the region, following reports that regulators are moving to allow local government debt as collateral for borrowing to help stimulate investment demand. Separately, Fitch noted that high margin lending activity poses an indirect risk to banks and raises their exposure to volatility in the stock markets.
Nikkei +0.56% Hang Seng +0.08% Shanghai -0.08%
Eur$1.1245 GBP 1.5683 EURCHF 1.0432 RUB $50.2269 WTI $61.34 (+0.97%)
S&P +0.30% EuroStoxx +0.42% Dax +0.57% SMI +0.35%
Macro
- China April Industrial Output Rises 5.9% Y/Y; Est. 6%
- EU Hits U.S., Russia, Japan, China and Korea With Steel Tariffs
Keep an eye on :
- AGN NA : Aegon 1Q Underlying Pretax Drops 6%, Net Drops 19%; ROE Declines
- ALU FP : Nokia may have to raise price for Alcatel-Lucent, new bidders may emerge - Turun Sanomat
- SPR GY : Axel Springer Said to Have Made Unsolicited Approach for AOL: FT
- EN FP : Bouygues Confirms FY Outlook, Says Good Performance by Telecom
- CRG IM : Banca Carige 1Q Loss EU45.3m vs Net EU17m Y/y
- BOE IM : Pop Emilia Romagna 1Q Net EU45.2m; Est EU46.6m
- BC8 GY : Bechtle 1Q Sales Rise 6%, Confirms 2015 Guidance
- BMW GY : BMW Shrs to Pause on Concern About China Earnings, Says Barclays
- AN FP : Vivendi Bids $550 Million for Canal Plus Unit in Media Makeover, €7.60/ share vs 6.38 yest +19%
- CLN VX : Clariant Will Remain a Target for Evonik, Berenberg Says
- DTE GY : Deutsche Telekom 1Q Rev. Beats Ests., Keeps Full-Year Outlook
- DIA SM : Dia 1Q Adj. Ebitda Beats Ests., Sales In Line
- DRI GY : Drillisch Maintains Full-Yr Ebitda Forecast EU95m-EU100m
- EKTAB SS : Elekta Results ‘Significantly’ Below Guidance, CEO Steps Down
- RF FP : Eurazeo Targets Europcar IPO at End of 1H
- EXO IM : PartnerRe Preferred Holders May Be Key to Exor Deal: Macquarie
- OPERA NO : Opera 1Q Sales Rise; Opg Cash Flow Impacted by Delay, Payments
- RWE GY : RWE 1Q Recurrent Net Beats Estimate, Confirms 2015 Forecasts
- SZG GY : Salzgitter Probed on Bribery, Sueddeutsche Zeitung Says
- SZG GY : Salzgitter 1Q Profit EU32.7m vs EU13.3m Loss; Confirms Forecast
- SIK VX : Sika/Schenker-Winkler mediation talks fail to reach an agreement - Tagesanzeiger
- VIV FP : Vivendi 1Q Adj. Net Income Beats Ests., Makes Canal+ Offer
- WDI GY : Wirecard 1Q Rev. EU159.4m vs EU126.2m