Dow+0,33% S&P+0,16% Nasdaq-0,22% Russell-0,02%
US Market close slightly higher, March retail sale put some pressure on the market, S&P found support on its 50d MA, energy sector (+1.8%), which ended well ahead of other groups. Crude oil contributed to the considerable strength, climbing 2.7% to $53.31/bbl. JPMorgan Chase spiked 1.6% after beating bottom-line estimates on light revenue while Wells Fargo lost 0.7% despite its better than expected earnings. Volume where in line with last day average @ 675mil. shares...US After Hours RSYS +10.6%, CSX +2.9%,INTC +2.7%, LLTC +1.7%...China Q1 GDP slowed to a 6-year low of 7% - on pace with 2015 target and in line with estimates. Services industry contributed 51.6% of GDP, up from 51.2% in 2014. Industrial production also slowed to a 6-year low of 5.6% and 6.4% YTD, with key component of power generation falling 3.7% y/y. Fixed investment YTD growth hit multi-year low of 13.5%, as property sales values and areas fell nearly 10%. Retail sales growth of 10.2% in March was also a multi-year low. China Stats Bureau head Sheng noted the growth slowdown was a positive for structural adjustment, and there is still plenty of room to increase infrastructure investment. former PBoC adviser said massive monetary and fiscal stimulus would undermine growth and stability in the medium and long term, urging policymakers to aim for "sustainable" growth. A separate press report also noted there's still ample room to lower RRR setting for banks this quarter.
Nikkei -0.17% Hang Seng +0.04% Shanghai -0.50%
RUB $ 50.7445 EURCHF 1.0356 CHF $0.9741 Eur$ 1.0631
S&P -0.13% EuroStoxx +0.19% Dax +0.135% SMI +0.23%
Macro :
- China’s Economy Slows to Weakest Since 2009 as Output Wanes (2)
- Greek Talks Resume Amid Concern Reform Deadline Won’t Be Met
- Brussels Said to Investigate Google’s Android Platform: FT
- Draghi Seen Dispelling QE Duration Doubts as ECB Jolts Economy
- Druckenmiller Bets on Market Surprise With China Boom, Oil Rise
Keep an eye on :
- AF FP : Air France KLM E&M Buys 50% of Tradewinds Engine Services
- ALU FP : Nokia Agrees to Buy Alcatel-Lucent for EU15.6 Billion, 0.55 Nokia shares for every ALU, ALU holders 33.5% Nokia 66.5%, company to be called Nokia
- ASML NA : ASML Sees 2Q Sales at EU1.6b, DRAM Sales Weighted to 1H
- AZN VX : AstraZeneca Diabetes Drug Should Warn of Heart Risk, Panel Says
- BALN VX : Baloise Says Buyback to Start April 16, Continue for 2 Years
- CFR VX : Cartier Cuts Watch Prices in Hong Kong by 5%: Standard
- BN FP : Danone 1Q LFL Sales Beat Ests., Confirms 2015 Forecast
- DRI GY : Drillisch to Buy The Phone House From Dixons Carphone
- EDEN FP : Edenred 1Q LFL Rev. Up 8%, Confirms Mid-Term Target
- ERICB SS : Ericsson CEO Says Strategy Is Only to Buy Smaller Companies: DI
- EXO IM : Exor Announces $6.4 Billion All-Cash Bid for PartnerRe
- GAS SM : Caixa Mulls Sale of 4% of Stake in Gas Natural: Expansion
- HOLN VX : Holcim Shareholder Harris Tends to Support Lafarge Merger
- III LN : 3i Said to Plan Sale of 40% Stake in MKM Building Supplies: Sky
- KUD SW : Kudelski, Google in Patent Cross-License Agreement
- NESN VX : Nestle Entered Exclusive Talks W/ Brakes Group on Davigel Sale
- NEX FP : Nexans to Cut 90 Jobs at Halden Factory in Norway, NRK Reports
- NOVN VX : Novartis Says Arzerra Plus Chlorambucil Raises Leukemia Survival
- RCO FP : Remy FY Organic Sales Growth In Line, Total Sales Beat
- SGO FP : Saint-Gobain Takes Note of Sika Decisions on SWH Voting Rights
- SIK VX : Sika’s Haelg Says Future of Co. Lies now in Hands of Courts
- STL NO : Statoil Boardmember Catherine Hughes Resigns W/ Immediate Effect
- TRYG DC : Tryg 1Q Profit After Tax Misses Ests. After Weather Claims