US Market Closed lower on Friday with S&P finishing the week lower by 1,1%, Energy sector was one of the main driver of the market weakness closing down -1,5%, GS +1,2% helped the financial sector to close near its flat line, Consumer staples (-0.7%) and health care (-0.7%) registered comparable losses with the health care sector pressured by biotechnology, telecom services (-1.2%) and utilities (-1.8%)—were hampered by higher interest rates, volume were higher than the last few days @ 675mil shares...VIX @ 13,31 +3.99%...Talk of a benign slowdown in China following recovery in lending figures has
taken a back seat to renewed panic after August industrial output slowed to its lowest level since Dec 2008, retail sales slowed to a 4-month low while fixed investment growth is down at multi-year low rate. Copper and Crude oil are down over 1% in electronic trade on China data, Haitong cut Q3 GDP target to 7%, Everbright warned of a rising probability of hard landing, and ANZ estimated 9% industrial output required to achieve 7.5% annual GDP growth. Nikkei +0.25% Hang Seng -0.75% Shanghai +0.11%
Eur$1.2962 S&P -0.35% EurosStoxx -0.37% FTSE -0.29% Dax -0.54% SMI -0.14%
Keep an eye on :
- A2A IM : Says any merger project will be evaluated in the coming months
- AF FP : Air France Cancels 60% of Flights the 16th of sept on Pilot Strike
- AAPL US : To receive 0.15% cut from Apple Pay transactions - FT
- ASSAB SS : Assa Abloy CEO says it may make further Chinese buys; in talks with possible targets - Dagens Industri
- EDF FP : EDF’s Flamanville Had Unplanned Shutdown of 1 Reactor: Le Monde
- EDP PL : ES Saude bidder Grupo Jose de Mello to sell EDP stake to part-finance its EUR 4.40/share bid
- GE US : GE Lighting flagged as next potential divest
- HEIA NA : SABMiller Said to Approach Heineken Family With Offer
- ICL IT : Israel Corp. to Sell About 6% of Israel Chemicals’ Shares
- MC FP : LVMH’s Biver Says TAG Heuer Has Plans for Smartwatch: NZZamS
- MEO GY : Metro rejects speculation of possible Media-Saturn, its consmer-electronic division sale - ARD
- MCR LN : Attachmate and Micro Focus in late-stage merger talks - FT
- MOR GY : Receives Research Grant to Develop Novel Therapeutic Antibodies Targeting GPCRs; worth up to €1M
- MUV2 GY : Reinsurer Munich Re Vows to Resist Pricing Pressures - WSJ
- NESN VX : Nestle Europe Chief Sees Rising Prices for Coffee Products: SaS
- NOBN VX : Danaher to Buy Nobel Biocare Holding for CHF17.10/Share in Cash (5.5% below friday closing price 18.10)
- NOVOB DC : Novo Nordisk CEO Says U.S. More Open to Obesity Drugs: FT
- NUM FP : Numericable to Roll Out New Service as Netflix Alternative: WSJ
- RBS LN : RBS Faces GBP5.6b Pension Funds Gap If Scotland Votes Yes: Times
- RHM GY : Rheinmetall in talks to acquire Thyssenkrupp's marine systems unit, could exit its automotive unit to finance deal - Der Tagesspiegel
- RNO FP : Renault’s Ghosn Sees Slow Recovery in European Car Market,
- RNO FP : Russia Car Market May Return to Growth Next Yr, Vedomosti Says
- ROG VX : Chugai CEO confirms no plan of Roche to gain full control
- SCR FP : Scor ‘On Track’ to Meet Targets, CEO Denis Kessler Says
- SPR GY : Axel Springer, Ringier Didn’t Reach Magazine Deal, Spiegel Says
- SREN VX : Swiss Re Sees Catastrophe Reinsurance Price Slide Slow in 2015
- SYNN VX : Cargill files suit against Syngenta GMO seeds in Louisiana court
- UNITED BISCUIT : United Biscuits suitor San Miguel mulling solo bid
- VOD LN : Netflix to Cooperate With Telekom, Vodafone in Germany: Wiwo
- VOW GY : Volkswagen’s Audi Plans New E-Tron Model Every Year: Autogazette