US Market closed slighlty +ve with Russell bouncing 1.2%, JNJ -2.1% even after pusblishing better numbers, retreat in the afternoon was fueled by more pressure on healthcare sector & A sell of on crude ($82) ...Volume were still high at 940mil shares...VIX @ 22.79 -7.5% After Hours After : SURG +3.2%, INTC +2.5%, CSX +2.0%, NHTC +1.5%, LLTC-1.6% following earnings/guidance...Slowing inflation in China further justifies a 10bp drop in PBoC offered 14- day repo yield overnight, as September CPI came in below consensus at 1.6% - the lowest rate since early 2010. M/M CPI did notch higher to 0.5% from 0.2%, China, NDRC gen sec forecasted 2014 GDP to meet the 7.5% target, with Q3 data on tap for release next week....Bank of Korea cut rates for the 2nd time this year with a 25bp move to a record-low of 2.00%. The decision was expected by a narrow majority of analysts leaning in favor of more stimulus, and the decision was not unanimous as one member voted for a hold. BOK also lowered 2014 GDP forecast from 3.8% to 3.5% and 2015 GDP from 4.0% to 3.9%...Japan Econ Min Amari noted the export boosting impact from weak JPY has been less than expected and that the govt is not pursuing a weak yen policy. BOJ's
Eur$1.2648 S&P +0.07% EurosToxx -0.34% FTSE-0.32% DAX -0.17% SMI -0.53% (Pharma weighting on Index)
Macro
- Merkel Party Lawmakers Call for More Austerity, Bild Says
- Renzi Spoke to Juncker on Budget, Won’t Amend Deficit: Corriere
Keep an eye on :
- ABE SM : Obrascon Huarte Lain Sells 5% Abertis Stake for EU705m
- ASML NA : ASML Sees Solid Start to FY15, Reports 3Q Rev. Below Ests.
- BKIA SM : Blackstone, Goldman, Cerberus Bid For Bankia Homes: Confidencial
- CO FP : Casino 3Q Rev. Beats Ests.; International Offsets France
- BN FP : Danone 3Q LFL Sales Growth Beats Ests., Confirms 2014 Outlook
- ENEL IM : Italy’s Enel Signs Financing Deal With Bank of China for EU1b
- FCC SM : Koplowitz Ready to Cut FCC Stake to Below 30%, Expansion Says
- FNC IM : Finmeccanica Unit Gets EU400m China Order for 50 Helicopters
- GSK LN : Glaxo Seeks Binding Bids by Next Month for Older Drugs: Reuters
- LUX IM : Luxottica Founder Seeks to Resolve Mgmt. by Oct. 29: Corriere
- MC FP : LVMH Fashion, Wine & Spirits Organic Sales Miss Ests.
- NOVOB DC : Novo Nordisk to List IT-Unit NNIT in November, Berlingske Says
- OMV AV : OMV CEO Roiss Resigns; Gas and Refinery Units Merged
- RHK GY : Rhoen-Klinikum Offers to Repurchase Up to 65.8m Shrs
- SAP GY : IBM, SAP Agree to Cloud Computing Partnership
- SCR FP : Scor in Exclusive Talks to Buy Editions Belin Publisher: Figaro
- SHP LN : Shire Deal Seems at Risk, AbbVie Intent Unclear: Credit Suisse SHP ADR -8%
- SHP LN : Abbvie reconsidering Advising hoilders to acceptshire merger, ABV board to meet 20/10 to W/Draw, modify proposal--> SHP Inidcation in lpre market : 3900/4100 vs 5140 -20%
- STL NO : CEO Resigned to go to antoher Oil Company
- TNTE NA : TNT CEO Gunning Doesn’t Rule Out Takeover of Co., FD Reports