Dow +0.28% S&P +0.34% Nasdaq +0.34% Russell +0.61%
US Market closed higher for a second day. the biggest event of the day was Apple's (AAPL 160.82, -0.68) annual product unveiling, in which the tech giant showed off three new iPhones, including the iPhone 8, the iPhone 8 Plus, and the high-end iPhone X--which CEO Tim Cook called "the biggest leap forward since the original iPhone." Apple also introduced a new 4K Apple TV and its Apple Watch Series 3, which is the first series to include LTE-capability, allowing users to make phone calls and stream music without hauling a phone, most of news were leaked before. AAPL was volatile (163.96/158.77 to close @ 160.82). Financial bounce back +1.2%, sector benefited from a curve-steepening trade within the Treasury market, which sold off once again as investors dialed up their appetite for more risky assets--like equities.
Telecom outperformed too. the rate-sensitive utilities (-1.8%) and real estate (-1.2%) sectors struggled amid the increase in interest rates. US After Hours JWN +10% (and lifting retail names) on potential privatization deal, CNC +2% higher on $3.75 bln acquisition news. Asian equity markets opened mixed, trading remained subdued with yields falling slightly and US dollar taking a break from its recent climb. Lithium miners in Australia, Syrah Resources, Galaxy Resources rose on the news yesterday that China could accelerate its move to non-fossil fuel burning cars. Iron ore futures on China’s Dalian exchange were +2%. Crude saw little movement from the release of API data, showing a build of 6.2M. PBOC weakened the yuan for the second consecutive day.
Nikkei +0.48% Hang Seng -0.29% CSI +0.09% Shanghai +0.04% Shenzen +0.12%
Eur$ 1.1978 CNH 6.5291 CNY 6.5298 JPY 110.10 GBP 1.3305 CHF 0.9595 RUB 57.5898 WTI$ 48.26 +0.06%
S&P -0.08% EuroStoxx -0.11% Dax -0.07% FTSE -0.20% SMI +0.13%
Macro :
- Europe’s MiFID Overhaul Will Benefit the U.S., CME’s Duffy Says
Keep an eye on :
- ADP FP : ADP Paris Airports August Traffic Rises 3.8%
- BAYN GY : Bayer Sells Covestro Shares for EU63.25/Share
- BMW GY : BMW Sees More Carmakers Partnering for Self-Driving Platform
- BOL FP : Lithium Rally Gets More Fuel; Eight Capital Remains Bullish
- 1COV GY : Bayer Sells Covestro Shares for EU63.25/Share
- DIS US : ’Star Wars: Episode IX’ Release Date Moves to Dec. 20, 2019
- ERA FP : Intesa, UniCredit Start Sale of Up to 11.176% in Eramet, Eramet Holders’ Share Sale Priced at EU57/Shr
- G IM : ASR Buys Generali’s Dutch Operations for EU143m
- NDA SS : Nordea Is Just Too Big for Sweden, Bruegel Think Tank Says
- ORA FP : French Govt Must Stop Rumors on Sale of Orange Stake, Union Says
- CFR VX : Richemont 5-Month Constant FX Sales Beat Estimates
- SAN FP : Sanofi Names Guillaume Leroy Chairman for France as of Oct. 1
- SDRL NO : *SEADRILL FILES FOR BANKRUPTCY IN TEXAS
- VOE AV : Voestalpine Says It Was Raided by German Antitrust Regulator
- WDAY US : Workday Prices $1.0B Convertible Senior Notes Due 2022