Market closed higher but lower their highest levles of teh day after volatile 2 last hours of trading, C helped the sentiment...First hours of trading were driven by short as many areas that displayed weakness in recent sessions, showed relative strength this morning....Volumes were below average @ 680mil shares...VIX @ 16.11 -5.40%...-US earnings season kicks into higher gear on Tuesday with pre-market release from JNJ and KO. Afternoon session will see earnings announcements from CSX, Intel, and Yahoo....Asia is quite ahead ofChinese Q1 GDP to be released tomorrow, a researcher with China's top economic planning agency NDRC said Q1 will likely come in below 7.5% (consensus is 7.4%), and that even a slowdown to 6.5% in 2014 overall would be acceptable without justifying more stimulus. Another researcher said China is faced with a risk of falling short of 7% GDP growth level in 2014, while former PBoC adviser Yu noted the govt would be able to use its FX reserves to boost commercial banks if necessary to prevent an outside chance of a financial crisis...Nikkei +0.67%...Hang Seng -1.22%...Shanghai -1.10%....Still some tensions in Ukraine
Eur$1.3815 S&P Fut +0.08% European Fut. +0.16%
Keep an ey on :
- ALO FP : Alstom Transport to Cut 180 Jobs at Saint-Ouen: Les Echos
- BNP FP : French Banks Concerned Bonus Cap Will Lead to Departures: Echos
- CAP FP : Infosys Gains Most on Sensex After Dollar Sales View Tops Ests. --> +ve for Cap Gemini
- DGE LN : Diageo Offers to Buy up to 26% of United Spirits, could take up to 51% Diageo CFO Mahlan Says No Plan to Take United Spirits Private
- FUM1V FH : Fortum could dispose its electricty distribution network business in parts, list or sell it to investor
- GAM SW : GAM Holding 1Q Investment Management AUM Declines to CHF69.6
- GLEN LN : Glencore's Caracal Purchase Opportunistic Use of Cash, UBS Says
- HEI GY : CRH, HeidelbergCement Best Placed Into 1Q Earnings, Davy Says
- HMB SS : H&M Total Sales Rise 13% in March
- INFO IN : Infosys 4Q Net Income Rises 25%, Beats Analysts’ Estimates
- NESN VX : Nestle 1Q Organic Sales In Line With Ests., Confirms Outlook, Says Slow Growth in China, India in 1Q
- NHY NO : Norsk Hydro ASA Agrees to sell aluminium casthouse in Hannover to IQ Industrial Holding, no terms disclosed
- ORI SS : Oriflame Chairman Says Currencies Pose Challenge, DI Reports
- UG FP : Peugeot CEO Doesn’t See More Plant Closures in France: Echos
- RIO LN : Rio Produces Record Iron-Ore Output as Global Supply Gains, Stock is gaining 1%
- ROG VX : Roche 1Q Rev. Meets; Confirms Outlook, Plans to Raise Div., Says Lung Cancer Drug to Start Ph. 3 This Year
- SAB LN : SABMiller FY Organic Lager Vol. In Line With Ests.
- SUN SW : Sulzer 1Q Orders Rise, Sales Lag; Sees Slightly Lower 2Q Orders
- SAP GYP : Infosys Gains Most on Sensex After Dollar Sales View Tops Ests. --> +ve for SAP
- TLW LN : Rumor Sinochem & Statoil could be interested bu TLW, £15 could have been discussed
- VWS DC : Vestas Aims to Boost Market Share in China, CFO Tells Borsen
- CSS FP : Vivarte Seeks EU2.3b Debt Write-off, EU500m Financing: Figaro