Dow +0.45% S&P +0.40% Nasdaq +0.32% Russell +0.31%
US Market Closded higher again even if some cautious comment at the begining of the day. Yellen made some interesting comments, the implementation of fiscal stimulus in the U.S. will have a positive effect on growth. The fed funds future market still projects the next FOMC rate hike to occur in June with an implied probability of 70.7% (from 65.4% yesterday). The implied probability of a March rate hike has also ticked up following today's monetary policy report, but it remains relatively low at 17.7% (from 13.3% yesterday). Consumer discretionary (+0.6%) also outpaced the benchmark index, while technology (+0.3%) underperformed the broader market. utilities (-0.7%), real estate (-0.5%), and telecom services (-0.1%) all closing Tuesday lower. US After Hours HUM +1%, DVN +1% following earnings/guidance, FIG +25% jumps on Softbank acquisition news, airlines soaring on Buffet's Berkshire quarterly portfolio update... FOSL -15%, TRUP -12% following earnings/guidance. Asia equity indices remaining bid, tracking the rebound in the 2nd half of trade on Wall St. Fed Chair Yellen's congressional testimony, though somewhat hawkish, did not sway markets sufficiently that the Fed is gearing up for a March rate hike. Nikkei225 among the best performing indices again as USD/JPY pair solidifies its gains above 114. In China, economic data out overnight saw very strong lending figures, though analysts are again reminded the results may be skewed by the timing of the Lunar New Year coming a month earlier than last time. Separately, a commerce ministry official warned that trade sector still faces risks of soft external demand and potential rise in protectionism. Japan's Abe and Aso expressed confidence that Washington understands Japan monetary policy as it pertains to its currency, and that it is not deliberately manipulating exchange rates.
Nikkei +1.03% Hang Seng +1.14% CSI -0.41% Shanghai -0.16%
Eur$ 1.0574 CNH 6.8532 CNY 6.8688 JPY 114.45 GBP 1.2455 RUB 56.9340 CHF 1.0071 WTI$ 52.91 -0.55%
S&P +0.02% EuroStoxx +0.42% FTSE +0.32% Dax +0.41% SMI +0.39%
Macro :
- Germany, Italy, France Seek EU Block of Strategic Investors: HB
- Italy Calls Confidence Vote on Banking Decree in Lower House
- S&P 500 Enters ‘Acceleration Phase’ With 2392-2486 Targeted: JPM
Keep an eye on :
- ABN NA : ABN Amro 4Q Underlying Profit Rises 23%, Operating Profit Falls
- ADP FP : ADP Paris Airports January Traffic Rises 7.2% Y/y
- AGS BB : Ageas 4Q Net EU9.3m; U.K. Unit’s Solvency II Drops to 120%
- AIR FP : IAG Said to Seal Long-Range Airbus A321Neo Order for Aer Lingus
- AIR FP : India May Consider Buying A330 for Airborne Early Warning:DRDO
- AI FP : Air Liquide Says It’s Confident of Net Income Growth in 2017
- AKZA NA : Akzo Profit Meets Estimates, Reiterates Outlook Through 2018
- AAPL US : Apple Said to Weigh Chinese Supplier for Next-Gen iPhone Screens
- CAPLI FP : Capelli 9-Month Revenue Up 47% to EUR70.3 Mln, Confirms Target
- ACA FP : Credit Agricole 4Q Net EU291M; Est. EU315M
- BN FP : Danone Targets Recurring EPS Growth Above 5% in 2017
- DENERG DC : Dong CEO Says Oil Unit Could Be Split Off Via Merger: Borsen
- DSM NA : DSM 4Q Adjusted Ebitda 315 Million Euros, in Line With Estimates
- ERICB SS : Ericsson Wins $300m Contract From Vodafone India: Economic Times
- NXT FP : Euronext 2016 Net Income EU197m; Est. EU173m
- FSKRS FH : Fiskars: CEO Kari Kauniskangas Leaves His Position
- FRA AGY : Fraport to Invest at Least EU330m by 2020 in Its Greek Airports
- GXI GY : Gerresheimer FY16 Revenue, Adj. Ebitda Miss Estimates
- GGTV IM : *GIGLIO GROUP SHARES SUSPENDED FROM TRADING PENDING NEWS: BORSA
- HEIA NA : Heineken FY16 Rev. Beats Est.
- HUH1V FH : Huhtamaki 4Q Net Sales Miss Ests.; Proposes Raising Dividend
- LHA GY : Lufthansa Cutting Unit Costs to Maintain Profitability, CEO Says
- MERY FP : Mercialys Sees 2017 Organic Growth in Invoiced Rents Over 2%
- KN FP :
- NOKIA FH Natixis Investigated in France Over Subprime Statements in 2007: BlackBerry Files Patent-Infringement Lawsuit Against Nokia
- NOVOB DC : Novo Nordisk U.S. Chief Explores New Payment Model: Berlingske
- P1Z GY : Patrizia Immobilien Says 2016 Oper. Income Exceeds Forecast
- PVF GY : Pfeiffer Vacuum Says Busch Takeover Offer ‘Inadequate’
- UG FP : PSA Union Rep Says Cooperations Are Usually a Good Idea
- PRU LN : Prudential Said to Bid for GBP3b Stake of Bradford Mortgages: FT
- SALM NO :
- SAN SM : Santander Seeking Partner for Car Insurance Business: Expansion
- SCHP VX : Schindler FY Increases, Sees Further Revenue Growth in 2017
- SN/ LN : Smith & Nephew, Arthrex Settle Longstanding Patent Fights
- SSABA SS : SSAB 4Q Sales Beats Est., Profit Misses
- SYNN VX : China Said to Target June Approval for Syngenta-ChemChina Deal
- ZC FP : Hohn’s TCI Seeks to Block Safran Purchase of Zodiac: FT