Dow -0.25% S&P -0.31% Nasdaq -0.49% Russell -0.93% VIX 16.61 (+4.40%) VXX 35.41 (+3.03%)
US Market closed lower but off from lows. China trade balance is weighting on market, report featured a 10.0% year-over-year decline in exports (expected: -3.3%) and a 1.9% year-over-year decline in imports (expected: +0.7%), It also led to speculation that China may tacitly embrace a competitive devaluation of the yuan to bolster beleaguered export demand. The higher-yielding sectors -- utilities (+1.3%), real estate (+0.5%), telecom services (UNCH), and consumer staples (UNCH)-- led the rebound effort. Energy sector (-0.7%) finished off its low amid an uptick in crude oil. WTI crude settled higher by 0.5% ($50.40/bbl; +$0.25) despite some mixed inventory data. Volume were below average with 879mil shares. US After Hours ENZ +7% on earnings, HON +1% presentation update/CEO MadMoney appearance... SMSI -21%, HIVE -17%, NHTC -15% following guidance, HPQ -2% on guidance/restructuring news. China CPI inflation rises on higher food prices; Wholesale PPI turns positive for the first time since 2012. China state planner NDRC warns the recently announced debt to equity swap may increase banks' risks. GBP falls on FT comments from European Council president Tusk; Says UK's only alternative to "hard Brexit" is no Brexit.
Nikkei +0.49% Hang Seng +0.55% CSI -0.29% Shanghai -0.36%
Eur$ 1.1025 CNH 6.7350 CNY 6.7247 JPY 104.05 GBP 1.2204 CHF 0.9878 RUB 62.9743 WTI$ 50.79 +0.69%
S&P +0.04% EuroStoxx +0.61% Dax +0.53% FTSE +0.40% SMI +0.60%
Macro :
- Goldman’s Marcus ‘Outflanks’ Banks, Fintech Cos.: Evercore ISI
- NY Pension Fund Said to Demand 10% Return From Hedge Funds: NYP
- SoftBank to Form Technology Fund That May Reach $100b in Size
- Number of Life Insurers to Drop by a Third, Handelsblatt Says
Keep an eye on :
- ATC NA : Altice Increases Stake in SFR Group to About 83%
- DBK GY : Deutsche Bank Says Wealth Mgmt Outflows Not Significant: Reuters
- DOW US : Dow, DuPont Said Nearing DOJ Approval, StreetInsider Says
- EDEN FP : Edenred 3Q LFL Issue Vol. Growth Beats Ests., Confirms Targets
- FB US : Snapchat Becoming More Relevant Than Facebook: Piper Jaffray
- EO FP : Faurecia 3Q Total Sales Miss Estimate; FY Guidance Confirmed
- RACE IM : Ferrari Can’t Go the Distance on Luxe Handbag Comparison: SocGen
- HSY LN : Hershey CEO Bilbrey Said to Prepare to Step Down: Reuters
- Hyperloop IPO : Hyperloop One Raises $50m, Hires Ex-Uber CFO Callinicos: FT
- ILD FP : To invest €100M in overseas territories 3G/4G project
- LHN VX : LafargeHolcim Considering Name Change, CEO Tells Les Echos
- OR FP : L'Oreal Raised to Buy at Deutsche Bank, PT EU185
- EGP PL : Mota-Engil Sees Africa Business Improving, Recovering Late Bills
- ORA FP : Orange Names Jeremie Dutray Deputy CFO
- PEP US : PepsiCo Said to Near Deal to Buy KeVita: Reuters
- UG FP : PSA May Reduce Sochaux to a Single Production Line: Echos
- RDSA NA : Shell Said to Weigh Sale of Over $1 Billion Malaysia LNG Stake
- RCO FP : Remy Cointreau, Lucas Bols Create JV for Passoa Brand
- SFR FP : Altice Increases Stake in SFR Group to About 83%
- SOW GY : Software AG 3Q Non-IFRS EBITA EU66.8m, Confirms 2016 Forecast
- SYNN VX : China Said to Plan Merger of Sinochem, ChemChina
- SCMN VX : Swisscom Says It Must Diversify to Halt Revenue Slide: Le Temps
- TSLA US : German Ministry Warns Tesla Owners on Autopilot System: Bild
- TLW LN : Tullow Seeks Road Truckers for Kenyan Early Oil Pilot Scheme
- VAC FP : Pierre & Vacances Says Revenue From Tourism Set to Grow in 1Q
- VALE US : Vale May Get >$3b From Selling Its Fertilizer Assets: HSBC
- VIV FP : Canal Plus Aims to Double Subscribers to More Than 10M: Echos
- WEIR LN : Weir Cut to Neutral at UBS as Oil & Gas Growth Priced In
- WHL LN : William Hill merger plan hits serious hurdle, Bookmaker’s largest investor opposes £4.6bn tie-up with Canada’s Amaya - FT
- YARA NO : Yara CEO Holsether Says Potential in Africa Enormous: FA
- YHOO US : Verizon Counsel Says Breach Could Trigger MAC: Reuters