Dow-0.18% S&P-0.06% Nasdaq+0.36% Russell-0.06%
US Market closed mix with major index lower & Tech index higher. Volatility in Crude oil has been a catalyst today. Energy component was under pressure as participants responded to a mixed reading of the API report. The API reported that crude oil stockpiles rose by 1.4 million barrels (last: -12.0 million barrels) while gasoline inventories fell by 2.4 million barrels (last: -2.40 million barrels). WTI crude initially spiked on the news, but was unable to maintain position above the $45.00/bbl price level. Crude oil ended its day near its low, sliding 3.0% ($43.58/bbl; -$1.34). The consumer staples (-0.3%), financial (-0.3%), and energy (-1.2%) sectors ended at the bottom of the leaderboard while consumer discretionary (UNCH), utilities (+0.5%) and technology (+0.6%) led. Today volume were below average with 872mil shares. US After Hours APOG +6.5% following earnings/guidance, AERI +64% on clinical trial update... SBLK -4.1% following earnings/offering. Asian equity markets are mixed with volatility remaining compressed as China, Taiwan, and Korea indices remained untraded in observance of Mid-Autumn Festival. Rate decisions from SNB and BOE loom large in the upcoming European session, while stateside the focus falls on the upcoming retail sales data on Thursday morning. Outlook for the BOJ next week is also playing into the overall uncertainty, with two separate press reports tipping in favor of more easing.
Nikkei -1.37% Hang Seng +0.41% CSI closed Shanghai Closed
Eur$1.1242 CNH 6.6699 VNY 6.6747 GBP 1.3244 CHF 65.2140 RUB 65.2135 WTI$ 43.74 (I+0.37%)
S&P +0.09% EuroStoxx -0.30% Dax -0.33% SMI -0.25%
Macro :
-Hedge Fund Industry Growth ‘Unwelcome,’ Says Caxton’s Andrew Law
- Bank of England Gauges Brexit Tactics as Rate Seen Kept at 0.25%
- Ford, Rolls-Royce Skip Paris as Car-Show Glitz Fades in Web Age
- EU28 August Car Registrations Rise 10% Y/y to 0.819m Units
Keep an eye on :
- ABBN VX : Cevian Raises ABB Stake to 6.2%
- ABI BB : Kirin could bid for SABMiller’s CEE assets (€5bil valuation) - Puls Biznesu
- AIR FP : Boeing Discussing Stretching 737 Max With Customers: CEO
- ALSO SW : *SCHINDLER HOLDS LESS THAN 10% OF ALSO
- ALOCT FP : Accenture to acquire 47.4% stake for €22.50/shr; intention to acquire remaining shares
- AMUN FP : Amundi, Credit Agricole Combine Real-Estate Management Units
- APPL US : Apple Says Initial IPhone 7 Plus Sold Out For Its Retail Stores
- AREVA FP : Areva Sells Share in Offshore Wind Business Adwen to Gamesa
- BSLN SW : Basilea in Pact With Asahi Kasei in Japan for Isavuconazole
- BAYN GY : Bayer Pharma Strategy to Focus on Smaller Deals: Manager Magazin
- BMPS IM : Monte Paschi Names Marco Morelli CEO, Effective From Sept. 20
- BMPS IM : Monte Paschi Chairman Quits Ahead of EUR5b Capital Hike: FT
- CABK SM : ECB Approves Jordi Gual as CaixaBank Non-Executive Chairman
- DBAN GY : Deutsche Beteiligungs to Increase Capital by 10% New Shares Sale
- DBK GY : Deutsche Bank to Give Back Gains, No Quick Fixes: Macquarie
- DL NA : Ordina Says Jo Maes to Become CEO as of April 1, 2017
- EDF FP : U.K. Said to Approve EDF’s 18-Billion Pound Nuclear Project
- EDF FP : EDF’s Dalkia Buys Groom Energy Solutions in US, Le Figaro Says
- G IM : Generali Best Insurer, Swiss Re Upgraded to Neutral: Mediobanca
- HLAG GY : More takeovers expected in the shipping industry, says Hapag-Lloyd CEO
- KEMIRA FH : Kemira confirms evaluating targets
- KORI FP : Korian 1H Ebitda Increases, Co. Raises FY Ebitda Margin Target
- MONC IM : Fosun International once had interest in Prada, AIA Group and Moncler http://bit.ly/2czfrtB
- SAP GY : SAP Commits $1b to Invest in Global Tech Startups
- SIE GY : Siemens Agrees to $5.6b Argentina Infrastructure Project
- SOON VX : Sonova CEO Says AudioNova to Contribute Substantially to 2H
- TELIA SS : Telia Says U.S., Dutch Authorities Propose Settlement of ~$1.4b
- TKA AV : America Movil Doesn’t Plan Telekom Austria Delisting, APA Says
- TOD IM : Tod’s 1H Ebitda In Line, Sees Reaching Good Results in Next Year
- WFC US : Wells Fargo Said Investigated by Federal Prosecutors: CNBC
- ZC FP : Zodiac Aerospace FY Sales Beat Estimates