Dow+1,06% S&P+1,08% Nasdaq+1,39% Russell+1,04% VIX 12.74
US Market closed on record level...Tech was one of the best performers, most og big tech cap showed solid gains except CSCO, that was reorted tonight...Avon Products (AVP 7.07, +0.40) was a notable mover within the group after it was reported that PTG Capital offered $18.75 per share of AVP; however, Avon responded to the report, saying no such offer has been received and that it was unable to verify the existence of PTG Capital. Shares of AVP briefly rallied to their 50-day moving average (8.09), before narrowing their gain to 6.0% by the close. the energy sector lagged amid a pullback in crude oil. WTI crude settled lower by 1.0% at $59.88/bbl. Today's advance in equities was accompanied by a rallying Treasury market with the 10-yr yield falling five basis points to 2.23%. volume were on thr side light @ 700mil shrares...US After Hours BSQR +32%, SANW +13.3%, EMAN +8.7%, ZBB -15.9%, LOCO -13%, KING -10.9% following earnings/guidance...According to Reuters, Avago shows interest in Xilinx, Renesas, Maxim (http://reut.rs/1B0rq9i)...Asian indices are mixed despite strong rally on Wall St, where S&P500 closed at record highs and Treasuries stabilized after softer than expected PPI numbers led to expectations of a more benign Fed. Shanghai Composite is the biggest loser in the region - profit taking after an otherwise impressive week has set in as investors fret that strong demand for IPOs today would dilute the index valuations and detract from other securities. The selling was undeterred despite comments from Premier Li calling for measures to counter downside pressure on economy building from slowing fixed asset investment. Recall this week's data showed property investment growth slowing to a 6-year low. Korea's Kospi was also a notable decliner, reversing the opening gains after Bank of Korea policy decision saw no change in rates. BOK reiterated that output gap would persist for some time but was also somewhat more hawkish, noting economy is showing signs of recovery and sentiment has improved. Few big movers in Asia on numbers Nikon(7731)-12.5%, Sharp (6753) -7.5%, Dentsu (4324) +13.8%...
Nikkei +0.76% Hang Seng +0.32% Shnaghai -2%
Eur$ 1.1394 GBP 1.5769 EURCHF 1.0413 RUB 50.0985 JPY 119.47 WTI $59.70 (-0.3%)
S&P -0.02% EuroStoxx -0.25% Dax -0.19% SMI +1.116% ( catch up from yesterday - Swiss was closed)
Macro :
- French Mortgage Demand Has Surged in 2015, Les Echos Says
- China PBOC’s Zhou Meets With Russia Central Bank Governor
- IMF Sees Little Progress in Greek Talks, Mega TV Reports
Keep an eye on :
- ABG/P SM : Abengoa 1Q Net Falls 4.3% to EU31.2M
- AIR FP : Germany to Buy MEADS Missile System, Sueddeutsche Reports
- AGL IM : Autogrill stake could be sold in 2016 by Edizione - La Stampa
- BPM IM : Banco Popolare CEO says BPM preferred merger candidate-Il Sole 24 Ore
- European Telcos : EU to Keep Roaming Fees Even After Planned Abolishment: Bild
- GEO IM : Geox 1Q Ebitda Up 10.5%, Sees Further Profitability This Yr
- HAV FP : Dentsu +13% on numbers in Tokyo could help sentiment on sector
- ILD FP : Iliad 1Q Rev. Misses Ests., Confirms Ebitda Outlook
- LLOY LN : U.K. Could Sell All of Lloyds Within Year, Blackwell Says
- NHH SM : NH Hotels makes surprise bid for Una Hotels - Milano Finanza daily edition
- PUB FP : Dentsu +13% on numbers in Tokyo could help sentiment on sector
- SAL IM : Salini Impregilo 1Q Net EU48.2m vs EU15.2m Y/y
- STM FP : STM may sell off digital products division - Carlo Festa Blog http://carlofesta.blog.ilsole24ore.com/
- VED LN : Vedanta may soon launch debt recast plan, request for proposals invited from banks
- WDF IM : World Duty Free 2015 Rev., Adj. Ebitda Forecasts Ahead of Ests.
- WDF IM : Edizione denies Boyu Capital offer for World Duty Free had same conditions as Dufry bid - FT
- WPP LN : Dentsu +13% on numbers in Tokyo could help sentiment on sector