TheChek News Flow

US Market closed lower for a second day. reasons for today's retreat were not particularly difficult to find as economic data reported this morning disappointed while quarterly earnings received since yesterday's closing bell did not inspire confidence either. financial sector (-1.0%) settled among the laggards after showing relative weakness throughout the day. Three major components reported earnings with Bank of America (BAC 15.64, +0.17) adding 0.8% in reaction to a bottom-line beat on in-line revenue while JPMorganChase (JPM 59.99, -1.56) and WellsFargo (WFC 51.50, -0.36) surrendered 2.5% and 0.7%, respectively. JPMorgan Chase reported in-line earnings on below-consensus revenue while Wells Fargo delivered a one-cent beat. INTC reported better numbers stock finishh +2.4% higher after opening lower, SNDK +11.2% after bbg reporting co exploring a sell, FCS +15.6% on report of the company exploring a sell too. Another speculation report indicate that ADI & MXIM are exploring merger ADI+8.8% MXIM+10.4%. WMT -10% after the company's Chief Financial Officer said operating expenses are expected to exceed sales growth during fiscal year 2016...10y lower by 7pts to 1.98%. today volume was the biggest of the week with 860mil shares. API data pushed crude lower US After HoursDXCM +14.7%, XLNX +4.9%, IMPR -26.1%, QUIK -15.5%, HCA -8.1%, NFLX -2.9% following earnings/guidance, AFMD +5.9% (reported an existing shareholder has increased its position in the company, via the purchase of 3.3 mln shares for an investment of $21.8 mln)...Asian indices are higher across the board despite the losses on Wall St. Softer US retail sales and PPI further dented the case for an FOMC liftoff in 2015, as the yield on the 10-year Treasury note closed at its lowest level since April, while the 2-year is near its 2-month lows. Separately, PBoC chief economist Ma Jun said the decision to accept high-quality assets as collateral from borrowing banks announced over the weekend should not be construed as QE and will not have a significant impact on overall liquidity.

Nikkei +0.91% Hang Seng+1.83% Shanghai +1.39%

Eur$ 1.1483 CNY 6.3438 JPY 118.93 GBP 1.5473 EURCHF 1.0902 BRL 3.8126 RUB$ 62.37 WTI $46.47 (-0.39%)

S&P +0.64% EuroStoxx +0.63% Dax+0.60% SMI +0.64%

Macro :

- China Hedges Fall Short as Fund Cure-All After Shock Devaluation

- Brazil’s $25 Billion Bad-Loan Deluge Shows Economy in Distress

- China Minsheng Investment Puts London Deal on Hold, WSJ Reports

Keep an eye on :

- ABI BB : AB InBev Said Gauging Molson Coors Interest in SAB JV: Telegraph

- ABG/P SM : HSBC Asks Banks to Give Abengoa New EU200m Loan: Confidencial

- AC FP : Accor Narrows 2015 Ebit Forecast, 3Q Total Rev. In Line

- ADP FP : France’s Valls to Announce High-Speed Roissy-Paris Link: Tribune

- AIR FP : Airbus Sees Demand for A400M in Arabian Region, Southeast Asia

- AF FP : French Govt Asks Air France to Avert Job Cuts, France 2 Reports

- BARC LN : Banks Face Ring-Fencing Capital Bombshell http://bit.ly/1OwqjZF (SkyNews)

- CO FP : Casino 3Q France Retail Sales, Hypermarkets LFL Sales Beat Ests.

- EDF FP : EDF, Chinese Close to Accord on U.K. Nuclear Plant: Telegraph

- EDPR PL : EDP Renovaveis Nine-Month Electricity Output Rises 4% Y/y

- ERA FP : Eramet Suspends Major Projects, Limits Industrial Investment

- EOAN GY : Germany to Raise EEG Electricity Surcharge by 3% in 2016: Bild

- EO FP : Faurecia 3Q Rev. EU4.75b, Est. EU4.79b; Targets Reiterated

- HMB SS : H&M Sept. Sales Rise 11%

- LSG NO : Leroey Seafood Group Sees 3Q Results Below Market Estimates

- MHG NO : Marine Harvest 3Q Operational Ebit Falls to ~NOK710m

- MRW LN : *WM MORRISON, ROYAL MAIL MENTIONED AS SHORTS: NEWBROOK 3Q LETTER

- NUM FP : Numericable-SFR to Pay Exceptional EU2.5B Dividend

- OMV AV : OMV CEO Calls for Clear Framework Conditions to Invest in Iran

- PSM GY : ProSiebenSat.1 Raises 2018 Outlook as Non-TV Units’ Sales Grow

- REP SM : Repsol 3Q Output 651,000 Boe/Day vs 366,000 Yr Earlier

- REP SM : Repsol Sees Assets Sales Reaching EU6.2B in 2016-2020 Plan

- RIO LN : Rio Sees Total World Iron Ore Demand at 3 Billion Tons by 2030

- RMG LN : *WM MORRISON, ROYAL MAIL MENTIONED AS SHORTS: NEWBROOK 3Q LETTER

- SLIGR NA : Sligro Sees Modest Recovery in Food Service Mkt in 2015

- SYNN VX : Syngenta Sees 2015 Ebitda at Constant FX Up Double Digit

- FP FP : CORRECT: Total E&P Unit to Save $800M in 2015 Ops Expenditure

- UNA NA : Unilever 3Q Underlying Sales Growth Beats Estimates

- VIV FP : Vivendi Acquires Stakes in Ubisoft, Gameloft

- WAC GY : Wacker Neuson Cuts Profit Forecast on Emerging Markets Slowdown --> -12% pre open

- VOW3 GY : FTC joins U.S. probe of Volkswagen emissions http://reut.rs/1Lufu88

- VOW3 GY : Germany to Force Recall of VW Cars Affected by Scandal: Bild

- ZAL GY : Zalando Raises Sales Guidance, Cuts Margin Forecast