Dow-0,15% S&P-0,26% Nasdaq-0,07% Russell+0,05%
US Market closed slightly lower except for Small Cap, S&P Crossed its 50d MA ans was not able to trade above till the close, the technology sector (-0.1%) spent the day ahead of the broader market with Apple(AAPL 110.16, +0.91) contributing to the relative strength. The largest sector component jumped 0.8% after Credit Suisse upgraded the stock to ‘Outperform' from ‘Neutral.' Other large cap sector members ended mixed with Google (GOOGL 501.80, +4.74) climbing 1.0% and Microsoft (MSFT 46.36, -0.25) falling 0.5%. Volume were ahead with 850mil shares traded...VIX @ 20,23 +3,21%...US After Hours ZLTQ +7.4%, GME +6.5%, CSX +1.0%, DWCH -25.9%, PRGS -10.0%, SYK -1.4% following earnings/guidance...Asia under pressure, world Bank Report on global Growth put pressure on the market as move in the US..WB also warning global trade may weaken further if euro area or Japan slip into recession. On China, WB noted growth is expected to slow below 7% by 2017 from 7.4% in 2014, also cutting 2015 China forecast to 7.1% from 7.5% and 2016 to 7.0% from 7.4%. US GDP for 2015 was raised to 3.2% from 3.0% and 2016 affirmed at 3.0%.Copper prices are particularly volatile, plunging some 7% in electronic trade to $2.42/lb. A research note out of Goldman Sachs also saw risks to copper heavily skewed to downside, anticipating continued demand weakness in China.Hong Kong chief CY Leung delivered his 2015 Policy Address, stressing the need to improve economy to offer youth upward mobility, improve employment, and also consider land development in new territories to address the high property prices.
Nikkei -1.71% Hang Seng -0.57% Shanghai -1.02%
RUB $66.33 RUB €78.12 WTI $45.21 (-1.5%) Brent $45.81
Eur$ 1.1787 S&P -0.79% Eurostoxx -1.79% DAx -1.55% SMI -1.11%
Macro :
- World Bank Cuts 2015 Global Growth Forecast to 3% From 3.4%
- Goldman Sachs Says Copper Price Risks Heavily Skewed to Downside
Keep an eye on :
- ADS GY : Adidas to Sign Up to 500 Athletes for Endorsements, Trying to Regain Market Share Lost to Under Armour, Nike
- AZN LN : AstraZeneca Loses German Appeal on Seroquel XR Patent: Reuters
- CBK GY : Bafin calls on banks to increase fees and lower branch, merger could help trims costs
- CON GY : Continental Sees ’15 Light Vehicle Mkt Growth in China About 8%
- DBK GY : Bafin calls on banks to increase fees and lower branch, merger could help trims costs
- ENEL IM : Enel Sets EU4b Bond Buyback, Redemption Plan: Il Sole 24 Ore
- FCA IM : Ferrari Doesn’t Plan to Build SUV or Sedan, Marchionne Says
- JMT PL : Jeronimo Martins Preliminary 2014 Sales Rise 7.2% to EU12.7b
- LG FP : Lafarge-Holcim Merger to Be on Time, Lafont, Reitzle Tell Figaro
- UG FP : Peugeot Citroen 2014 Deliveries up 4.3%
- RBS LN : RBS Gets Fed Waiver on Foreign Bank Rules: FT
- ROG VX : Roche Prelim. 2014 Group Sales Growth Low- to Mid-Single-Digits , M&A Strategy ‘Hasn’t Changed,’ CFO Says at JPM15
- SAN LN : Santander Paid Underwriter Fees of EU75M For Capital Increase
- SIK VX : Sika Says Holders With 8.6% Stake Express Support for Board
- TTPH US : Tetraphase CEO Sees ‘Atmosphere’ Change Post Merck/Cubist Deal
- XTA LN : Ex-Xstrata CEO Davis Said to Consider Bid for Vale Nickel Assets