Dow -0.13% S&P -0.23% Nasdaq -0.29% Russell -0.26%
US MArket closed lower today, as investors continued to digest the prospect of tax reform--which has been a stumbling block for the market as of late. Energy shares showed particular weakness as the price of crude oil continued to retreat from the two-year high it touched at the beginning of the prior week. West Texas Intermediate crude futures declined by 1.9%, settling at a price of $55.70 per barrel. The S&P 500's energy sector finished lower by 1.5%. materials (-1.1%) and telecom services (-1.4%) groups also finished with sizable losses, but most other sectors closed roughly in line with, or above, the broader market. GE-5.9%. consumer staples (+0.3%) and consumer discretionary (+0.1%) spaces also showed relative strength. US After Hours SORL +34%, CARG +11%, AMRS +7%, WPRT +6% higher and MTSI -9% lower following earnings/guidance. Following the negative leads from the US, markets opened broadly lower in Asia. Energy shares have been under pressure, following the 3% decline in oil prices seen on Tuesday’s session. PetroChina has traded lower by more than 4%, while Australia’s S&P ASX 200 Energy Index has dropped by more than 2%. Airlines have outperformed amid the weakness being seen in oil prices. Shares of Air China have risen by over 4%, while Qantas has gained over 3.5%. Steel makers in Japan are trading broadly lower, with shares of JFE down over 3%. Shares of US Steel dropped by more than 2.5% during the US trading session. Besides this US automakers, Ford and GM, each traded down over 1% and this weakness has seemingly extended into the Japanese trading session. Shares of Toyota and Honda have traded lower by more than 1%,
Nikkei -1.57% HAng Seng -0.90% CSI -0.63% Shanghai -0.79% Shenzen -1%
Eur$ 1.1828 CNH 6.6360 CNY 6.6334 JPY 112.82 GBP 1.3178 CHF 0.9856 RUB 60.0934 WTI$ 55.17 -0.95%
S&P -0.47% EuroStoxx -0.65% FTSE -0.35% DAX -0.80% SMI -0.56%
Macro :
- China Growth Slowdown Leads to Risk-Off Moves: Macro Squawk Wrap
- Toscafund Asks Small Firms to Pay for Research After MiFID II
- Mnuchin: 20% Corp. Tax Rate Should Be Permanent, Not Sunset
- France Tax Revenue Higher Than Anticipated: Darmanin Tells Echos
Keep an eye on :
- ADP FP : ADP: Paris Airport Oct. Traffic up 3.6% to 8.8M Passengers
- AB1 GY : Air Berlin Finance B.V. Declared Bankrupt by Amsterdam Court
- AST IM : Astaldi Hits 8-Year Low Before 9-Mo. Report as Venezuela Weighs
- DLG IM : De’Longhi Parent to Sell Up to 5% Stake Via Bookbuilding
- EDF GY : EDF 9-Month Revenue EU49.7b vs EU52b a Year Ago EDF’s 2017 Targets Require No New Delays in Reactor Restarts
- GEN DC : Genmab Boosts 2017 Guidance on Inclusion of Darzalex Milestones
- HLAG GY : Hapag-Lloyd Third Quarter Revenue 1.8% Above Estimates
- ICAD F : Icade: Offer for ANF to Run From Nov. 16 to Dec. 6
- NESN VX : Nestle to Combine All Paris Sites at Porte de Versailles: AWP
- NYR BB : Nyrstar to Raise EU100m in Placement to Cut Debt, Fund Capex
- SFER IM : Salvatore Ferragamo Nine Month Revenue EU1.01 Bln
- UBSG SW : French Nat. Prosecutor Confirms No Accord With UBS on Tax Case
- US IM : Banco BPM:Experts Set Price of UnipolSai Stk in Vita at EU535.5m
- VOW3 GY : Volkswagen to Pay NJ $69m in Settlement Over Diesel Vehicles
- ZURN VX : Zurich Insurance to Stop Underwriting Coal, Divest Holdings