Dow+0.60% S&P+0.41% Nasdaq+0.38% Russell-0.73% VIX 22.42 (-8.08%)
US Market closed higher after a weak start in line with crude performance, a reversal in crude helped halt the slide. The stock market spent the afternoon near its flat line, rallying to a fresh high during the final 15 minutes of the session. Crude oil was in focus throughout the day as the energy component probed the $34.60/bbl area in overnight action before rallying to end the day higher by 2.0% at $36.34/bbl. The late morning reversal underpinned the energy sector (+0.8%), which rebounded from last week's 6.6% dive. AAPL-0.6%, after Morgan Stanley lowered its iPhone sales forecast after trading lower by more than 2%. LQD. Volume were above average with more than 1bil shares traded. BA annonced 14b buyback & raised dvd. US After Hours APDN +20% on earnings, KMT -19% on guidance revision, LL +22% as Tilson covers, NEOT -76% on trial flop, LL+22% on news Whitney Tilson covered its short, NEOT -76% on -ve phase 3. Nikkei225 is underperforming as bearish momentum of the past 2 weeks continued. Shares of Nissan were particularly soft, down nearly 4%, with comments from CEO Ghosn seen as clouding the future of Renault alliance, even though he said the friction is now in the past. In FX majors, USD remained under pressure particularly vs USD and NZD in late Asian session. USD/JPY was down some 30pips below 120.90, EUR/USD also rose about 30pips above 1.1020 iShares (NWL 42.15, -3.13) for $60/share in cash and stock. High-yield remained weak with HYG falling 0.9%, while investment grade debt also faced some pressure, evidenced by a 0.7% decline in Rubbermaid Newell (JAH 54.09, +1.41) spiked 2.7% after agreeing to be acquired byJarden
Nikkei -1.68% Hang Seng +0.35% Shanghai -0.29%
Eur$ 1.1035 CNY 6.4590 JPY 120.80 GBP 1.5169 CHF 0.9815 RUB$70.66 WTI $36.19(-0.33%)
S&P +0.22% EuroStoxx +1.27% Dax +1.17% SMI +0.94%
Macro :
- China PBOC Says to ‘Actively’ Participate in EBRD After Joining
- Macro Divergence to Boost European Value, Energy Sectors: SocGen
- EU Needs to Regain Control Over Its Borders, Leaders Will Say
Keep an eye on :
- AIR FP : Airbus, Spain Discuss Postponing A400M Deliveries: IHS Jane’s
- CDA FP : Compagnie Des Alpes Seeks Chinese Investor, Le Figaro Says
- CNP FP : CNP Assurances to Buy Majority Stake in Geosud From Total
- COLRB BB : Colruyt Fiscal 1H Net EU182 Mln Beats Ests; Confirms FY Outlook
- DBHN GY : DB Lowers Revenue, Earnings Targets 2nd Time: Handelsblatt
- DLG GY : Dialog Semiconductor Cuts 4Q, 2015 Revenue Outlook --> -16% pre market
- EDP PL : EDP-Energias Sells EU93m Tariff Deficit in Portugal
- HMB SS : H&M November Sales Miss Est.; 4Q Sales Lower Than Expected
- MEO GY : Metro FY Ebit Ex-Items Beats Ests.; Sees FY16 Profit Up Slightly
- PAH3 GY : Porsche’s First 11-mo. Sales in China Surges 34% Y/y: HKET
- 1913 HK : PRADA PREVIEW: 3Q Results Seen Weak; Watch Tourist Spending
- RNO FP : Nissan -3.65% on Gohsn comments {NSN NZDVWH6TTDS7<Go>}, ..are unlikely to stick with one chief executive officer after him, complicating the future of the carmakers’ alliance structure.
- RNO FP : Nissan-Renault Dispute With France ‘Is Behind Us,’ Ghosn Says
- SHP LN : Shire’s 2016 Pipeline Includes More Than 10 Programs in Phase 3
- TLW LN : Tullow’s Etom-2 Well Encounters 102m Net Oil Pay
- UCG IM : UniCredit Announces Restructuring Plan for Austria Retail Unit
- VIV FP : Vivendi Bought EU65m of Telecom Italia Common Shares: Filing
- VOW3 GY : Germany to Hold Second Test Round on Upgraded VW Models: Welt