US Market closed lower, even with strong earnings from JPM (+3,5%) & GS (+1,3%) which closed higher , Yellen Testimony pushed mkt lower, LO tumbled 10,5% after agreeing to be acquired by RAI...Telco +0,7% & utilities +0,5%, volume were above average @ 716mil shares, today we will have MBA Mortgage, June PPI, Net long term TIC Flows, June Ind. Prod. & capacity of utilization, NAHB Housing for July & July Fed Beige Book...VIX @ 11,96 +1,18%...Another busy day for earnings ( ABT, SCHW, BLK, USB, BAC, EBAY...)...In After Hours INTC +4.5% after beating Q2 Est. & rasising FY14 Guidance, announced a $20b share buy back, YHOO -2%, missed numbers, will keep bigger stake of Alibaba...Apple announced dpartnership with IBM...China Q2 GDP and June industrial production topped expectations, however risk-on assets as AUD, SP500 futures, and China stocks are falling modestly post-data. Investors appear to be less inclined to anticipate a more aggressive round of stimulus beyond the "targeted measures...Nikkei +0.01% Hang Seng +0.02%...Shanghai -0,40%
Eur$ 1.3560 S&P Unch EuroStoxx +0.16% FTSE +0.08% Dax -0.04% SMI +0.16%
Macro
- U.S. 2Q Tracking GDP Est. Raised to +3.4% From +3.2%: Goldman
- *GOLDMAN CUTS EURO FORECAST TO $1.35 IN 3 MONTHS FROM $1.38
- France Should Not Get EU Monetary Post: Merkel Ally Tells Paper
Keep an eye on :
- ADP FP : Aeroports de Paris Proposes de Beaune as Chairman, CEO
- AIR FP : Qatar Airways Seeks Compensation for A380 Delay: Reuters {http://reut.rs/1qdsrdD}
- AIR FP : Airbus Defence & Space review targeting year end completion - CFO
- AIR FP : Airbus May Offer Poland Deal to Win $3b Copter Contract: Reuters
- ASML NA : MORE: ASML 2Q Gross Margin Beats; Sees FY Sales Missing Ests.
- BES PL : BES Able to Raise Capital, Bank of Portugal Governor Says: TVI
- BES PL : CMVM Bans Naked Short Selling of Banco Espirito Santo Shares
- BG/ LN : BG Seeking Bids for Queensland Assets by Late Aug: Australian
- CDR SM : Codere Says Signed New Standstill Agreement With Creditors
- CFG SM : Campofrio Names Pedro Ballve as Chairman, Wan Long Vice-Chairman
- CO FP : Casino 2Q Total Rev., France Hypermarket LFL Sales Beat Ests.
- DTE GY : Paulson Supports Potential Sprint/T-Mobile Deal, WSJ Says
- EL1V FH : Elisa 2Q Earnings in Line With Analyst Ests.; Sees Rev Growth
- GTK IM : GTECH to Buy International Game for $4.7b in Cash and Stock
- KVAER NO : Kvaerner 2Q Net Rises Less Than Estimated; Order Intake NK5.36b
- MMB FP : Lagardere Plans to Sell LS Distribution Unit, Les Echos Says
- OMV AV : OMV Petrom Has Oil Discovery in Black Sea
- ORP FP : Orpea 2Q Rev. EU463m Vs EU398m
- POP SM : Popular Looking at Three M&A Targets in U.S., Cinco Says
- PTC PL : Anatel Must Approve Any Change in PT Stake in Oi Deal: Rezende
- PTC PL : Portugal Telecom, OI Sign MOU After Rio Forte Non-Payment
- RIO LN : Rio Tinto 2Q Iron Ore Attributable Output in Line With Est.
- SAB LN : SABMiller Holders Advised by PIRC to Oppose Pay Report, Policy
- SY1 GY : K+S, Symrise Cut at Nomura; Says 2Q Chemicals Rebound Unlikely
- TEL2B SS : Tele2 Changes 2014 Forecasts After Norway Sale
- FP FP : Total Pulls Some Workers From Libya Due to Violence: WSJ Link
- CSS FP : Vivarte Close to Accord With Creditors, Les Echos Reports