Dow +0.13% S&P +0.01% Nasdaq -0.34% Russell -0.39% VIX
US MArket closed on a flat note after 3 days rally. downturn in oil, softening in the dollar, a rebound in safe havens, and the underperformance of the heavily-weighted consumer discretionary (-0.5%) and technology (-0.1%) sectors weighted on market. WTI crude extended its decline, ending the day lower by 4.0% ($44.87/bbl; -$1.87), after EIA Report. The defensively-oriented telecom services (+0.8%), utilities (+0.8%), and consumer staples (+0.5%) ended in the front of the pack while energy (-0.7%), consumer discretionary (-0.5%), and technology (-0.1%) rounded out the board. volume were below average with 815mil shares. US After Hours YUM +4.6% on earnings/guidance, MON +1.6% amid renewed BASF talks speculation. Asian equity markets have turned more mixed, even though cash indices made new record highs and treasuries retreated further in US trading. Shanghai Composite is under modest pressure, weighed down by soft components of June China trade data that showed import decline in both USD and CNY terms falling by a wider than expected margin. S&P futures are flat, WTI crude oil is off the lows after Wednesday's plunge, while gold prices are little changed. Japan PM Abe advisor Hamada cast a shadow over expectations of BOJ announcing further policy stimulus at the end of the month. Overnight, Abe's advisor Honda was more willing to call for more easing, noting deflation cannot be addressed with Yan at 100 levels while also recommending expanded bond buying over a deeper cut in already negative interest rates.
Nikkei +0.70% Hang Seng +0.02% CSI -0.30% Shanghai -0.37%
Eur$ 1.1112 CNY 6.6880 JPY 105.24 GBP 1.3220 WTI $ 45.24
S&P +0.10% EuroStoxx +0.03% Dax +0.07% SMI +0.11%
Macro :
- Boris Johnson Named U.K. Foreign Secretary
- ECB’s Nouy Says Bank Stress Tests Unlikely to Yield Surprises
- EU Banking Union’s Credibility Not in Question on Italy: Koenig
- Juncker Confident of Building Stronger EU Partnership With U.K.
Keep an eye on :
- AA/ LN : AA in Accelerated Offering of 80m Shares From Undisclosed Seller
- AH LN : SuperValu in Pact to Buy 22 Food Lion Stores for Undisclosed Sum
- AIR FP : Airbus Will Push to Break Even Below 20 A380s a Year: Bregier
- AMUN FP : Amundi CEO Wants to Grow AUM by EU40b/Year: Handelsblatt
- ATEA NO : Atea 2Q Revenue, Ebitda Rise; Sees Growth in IT Infrastructure
- BAS GY : Monsanto Said to Revive Talks With BASF Over Bayer Alternative
- BOSN SW : Bossard 1H Net Income CHF31.3M, Rising 5.6%
- CBK GY : Commerzbank 2Q Wasn’t Better Than 1Q, Handelsblatt Says
- CY US : Cypress Semi Said to Be Holding Out for $15/shr: Betaville
- DB1 GY : Deutsche Boerse: Unscheduled Adjustment in DAX Before Merger
- DETNOR NO : Det Norske 2Q Profit, Ebitda Beat Ests.; Cuts 2016 Capex View
- EDF FP : French Power Regulator Confirms Electricity Tariff 0.5% Decline
- FIE GY : Fielmann Preliminary 2Q Revenue, Pretax Profit Rise
- HSY US : Mondelez Could Raise Offer for Hershey If It Sees Opening: WSJ
- ITMR IM : Italmobiliare Raises Extraordinary Cash Div for Savings Shrs
- KU2 GY : Kuka CEO Doesn’t See Problems Regarding Co. Sale: Sueddeutsche
- LDO IM : Poland Held Early Talks W/ Leonardo on Share Swap in Unit: DGP
- LEON SW : Leonteq Surges on Shareholder Veraison Capital’s Stake Building
- LSE LN : Deutsche Boerse Edges Closer to Investor Approval for LSE Deal
- NOVN VX : Novartis’s Sandoz Wins Unanimous Backing for Biosimilar Enbrel
- NOR NO : Norwegian Air 2Q Revenue, Net Beat Ests; Raises ’16 CASK Outlook
- SFQ GY : SAF-Holland Says Haldex Deal Unlocks Earnings Potential
- SAA1V FH : Sanoma Raises Sales, Ebit Outlook for 2016
- SOW GY : Software AG Raises 2016 Operating Profit Margin View
- STMN SW : Straumann to Obtain Controlling Stake in MegaGen Via Conversion
- UCG IM : UniCredit Focus on Capital, Profitability Prompts Citi Upgrade
- VOW3 GY : California ARB Rejects Volkswagen Recall Plan for 3 Liter Cars