Dow+0.42% S&P+0.46% Nasdaq+0.66% Russell+0.64% VIX 13.30 (-4.32%)
US Market Closed higher for a 4th conscutive day, closed above its 50d MA. Equity indices began near their flat lines after overnight reports from Vienna revealed that P5+1 negotiators agreed to a nuclear deal with Iranian representatives. The news had little impact on the market, but crude oil was down about 2.0% overnight amid expectations that global oil supplies will increase once Iran begins selling its oil on the open market. However, an intraday rebound resulted in crude oil climbing 1.7% to $53.06/bbl. Accordingly, the energy sector (+0.8%) climbed alongside crude oil to end the day among the leaders. Google continue to OP im the Tech space with AAPL -0.04% & GOOGL+2.18%. JPM & WFC traded higher after Q2 numbers. Utilities was the only sector down, still up 3.6% MTD. Volume werte in line @ 680mil shares...US After Hours CELG +5.8%, CSX +3.4%, AEHR +1.9%, ATI -9.3%, MJN -4.8%, YUM -0.8% following earnings/guidance...China economic data were better than expected across the board, but Shanghai Composite headed lower by over 4% yet again, presumably on implications of less proactive monetary policy actions by the PBoC.China's Q2 GDP came in at 7% for the quarter and YTD, and the Stats Bureau noted H2 economy will improve, implying that 2015 GDP should top 7% official target.China Stats Bureau further said the economy is still facing some downward pressure, but employment situation is improving and property sector is on the upswing. As expected, the BOJ maintained its policy stance and overall economic assessment in today's decision but lowered its forecasts for FY15/16 GDP and inflation. Ahead of today's critical Greek Parliament vote on the harshly austere bailout program, IMF put out a Debt Sustainability Report that poked major holes in the Athens' assumptions and targets. IMF is warning that the only path to sustainable debt would be through more relief than being considered, and that the current €85B in proposed financing will likely not be sufficient, requiring further injections into the banking system. IMF also calls for the likely dramatic extensions to debt, noting that "haircuts could be avoided if instead there was a significant further extension of the maturities of the entire stock of European debt."...Comments from Fed's George were largely in line with her generally hawkish stance. George noted the main risks to the US economy were now external, adding the economy appears to be back on track in Q2 to grow by a "solid" pace of around 2%. On employment, George said the latest jobless rate print implies some labor market vitality.
Nikkei +0.38% Hang Seng -0.96% Shanghai -4.56%
Eur$ 1.0995 JPY 123.45 GBP 1.5646 EURCHF 1.0402 RUB $56.6724 WTI $53.13 (+0.17%)
S&P +0.11% EuroStoxx+0.2% Dax+0.10% SMI-0.05%
Macro :
- China’s Economy Grew 7.0% in 2Q Y/y; Est. 6.8%
- MSCI May Consult on Greece If Exchange Closed 40 Days
Keep an eye on :
- Auto Sector : Auto Manufacturers to Form Cybersecurity Analysis Center
- Oil Sector : Goldman Sees Iran Boosting Exports by 200-400k B/D in 2016
- Utilities Sector : Spain Studies 5% Cut in Electricty Bill for 2016: Confidencial
- AERL LN : IAG Wins EU Approval for Aer Lingus Bid on Gatwick Slot Offer
- AIR FP : Boeing Would Get Order for More AH-64 Apaches in Funding Shift
- ASML NA : ASML Sees 3Q Sales at EU1.5b-1.6b, 2Q Rev. Beats, Sees Continued Strength in 2H on Increased Demand
- BALN SW : Baloise May Raise Dividend Further, CEO Strobel Tells Finanz
- BLT LN : BHP Says Expects $2b Impairment Charge After U.S. Assets Review --> -1.8% in sydney
- BO DC : U.K. Regulator to Begin Review of Harman, Bang & Olufsen Deal
- FCA IM : Fiat Chrysler’s Marchionne Says No Plans For Another GM Bid: NYT http://nyti.ms/1e00jFF
- HDD GY : Heidelberger Druck: Recovery of CEO Linzbach Delayed
- LG FP : LafargeHolcim Targets EU1.4B Synergies in Three Yrs
- MCRO LN : Wizard Parent Selling About 10% Stake in Micro Focus
- ORA FP : Jazztel Has 4.02m Households Connected to Fiber Network
- PSG SM : Prosegur considers cash-in-transit division 30% stake spin off
- SYNN VX : Monsanto CEO Urged by Sen. Durbin to Keep ‘Tax Address’ in U.S.
- SYNN VX : Paulson & Co. Said to Acquire Stake in Syngenta to support Monsanto Deal
- TLX GY : Meiji Yasuda Selling 3.9 Mln Shares in Germany’s Talanx: Terms
- TEF SM : Telefonica Increases Amount of Treasury Stock
- TEF SM : Soria Tells Expansion Telefonica to Help Lead European Mergers