Dow-1.44% S&P-1.40% Nasdaq-1.22% Russell-1.98% VIX 18.37 ( 14.39%)
US MArket Closed Lower, S&P closed below its 200d MA. Weakness in europe didn't help US Sentiment. Energy sector (-2.4%) struggled from the start and the significant underperformance in the growth-sensitive group set the tone for a down day. The sector widened this week's decline to 5.4% while crude oil fell 2.7% to $41.78/bbl. materials sector (-2.0%) finished at the bottom of the leaderboard while other groups posted slimmer losses. Tech outperform and avoid a bigger decline. utilities sector (-1.2%) held a slim gain at the start, but could not hold its ground into the afternoon. consumer staples (-1.4%) and health care (-1.8%) registered wider losses.. IBB -2.1%, down -3.1% for the week. Volume were in line with average @850mil shares. US After Hours USAT +15.9%, LPCN +15.5%, PLNT +13.1%, WLDN -23%, JWN -20.4%, PRTY -15.4%, FOSL -14.7% following earnings/guidance Market sentiment in Asia has turned decidedly bearish going into the weekend, tracking steeper losses on Wall St widely attributed to the decline in energy and strong JOLTS report boosting expectations of Fed liftoff. China vice head of economic monitoring and analysis center Pan remarked it would help for PBoC to further cut RRR and interest rates. Japan cabinet officials Amari and Aso both indicated the govt is not planning an extra budget even if Q3 GDP contracts, sending Japan back into technical recession. Japan Q3 GDP data will be updated this coming Sunday evening. Fed Vice Chair Fischer capped off an active session of Fed-speak with fairly upbeat comments, noting the downward pressure on US inflation is related to USD and energy and will fade in 2016. Focusing on USD, Fischer said US economy is weathering the impact of strong exchange rate as well as foreign weakness well, concluding that rate liftoff next week may be appropriate.
Nikkei -0.51% HangSemg -2.25% Shanghai -1.51%
Eur$ 1.0785 JPY 122.68 CNY 6.3738 GBP 1.5216 CHF 1.0018 RUB$66.6070 WTI $41.63 (-0.29%)
S&P +0.15% EuroStoxx -0.56% Dax -0.48% SMI -0.59%
Macro :
- World Bank to Participate in Greek Banks’ Recap: Capital.Gr
Keep an eye on :
- ABG/P SM : Abengoa to Announce Record Losses, El Confidencial Reports
- AGFB BB : Agfa-Gevaert 3Q Net EU30m vs EU6m Y/y; Reiterates FY Margin Goal
- B5A GY : Bauer Says Order Backlog Rises to Record, Reaffirms Forecast
- BKEB BB : Bekaert 3Q Rev. of EU898m Misses Est.; Net Debt Drops to EU906m
- EN FP : Bouygues 3Q Sales Decline, Profit Increases; Keeps Outlook
- ENEL IM : Enel 3Q Ebitda, Revenue Beat; Confirms 2015 Targets, Div. Policy
- GFK GY : GFK 3Q Rises 4%, EPS Up 43%; Confirms 2015 Forecast
- HDD GY : Heidelberger Druck 2Q Adj. Ebitda Drops; Confirms FY Targets
- MAERSKB DC : Maersk Chairman Says Low Debt Gives Room for M&A: Berlingske
- SYNN VX : +12.8% After Hours on Chemchina news : ChemChina Is Said to Be in Talks to Acquire Syngenta
- SYNN VX : Business Insider: Syngenta reportedly rejects yet another multibillion-dollar takeover offer
- GLE FP : SocGen to Close 74 French Branches From 2016, Echos Says
- SPA BB : De Bois Family EU95 Offer to Take Spadel Private Starts Today
- TCH FP : Technicolor Completes EU227M Rights Offer; Demand About EU600M