Dow+0,42% S&P+0,51% Nasdaq+0,68% Russell+0,79%
US MArket closed higher, ignoring data from China or pricing mor QE from PBoC, INTC spiked on earnings...BAC-1.1% on Earnings too...countercyclicals underperformed, volume were ahead of average @ 850mil shares...After Hours NFLX +11.7%, TCPI +4.9%, CPSS +2.9%, PTX -9.8%, CTP -6.3%, SNDK -4.8% following earnings/guidance..INVE +17.2% on agreement with CSCO... Fed's hawkish FOMC voter Lacker spoke in the evening, affirming his preference for a rate hike in June. Lacker said 2015 GDP would be around 2.5%, unemployment is within reasonable band of natural levels, the risk of asset bubbles is remote, and market volatility once the tightening begins would be manageable. On the close, US also put out its treasury TIC data, revealing that Japan has overtaken China as the largest foreign holder of US debt...Trading in China has remained mixed, and reports suggest the markets could become increasingly more fickle based on the elevated inflows of new trading funds. Among notable press reports, state information chief economist Fan said growth could stabilize and rebound in H2 after yesterday's announcement of a 6-year low in quarterly GDP. One of Premier Li's preferred indicators - power consumption - showed its 2nd consecutive month of decline, as electricity use fell 2.2% y/y and 6.3% m/m to 444B kwh. CICC also lowered China 2015 GDP target to 7.1% from 7.3%, however that target is still above the official 7.0% mark. CICC also maintained its 2015 forecast of 1 more rate cut of 25bps and 6 more RRR cuts.
Nikkei +0.07% Hang Seng +0.14% Shanghai +2.29%
RUB 49.4365 (Back on November levels) CHFEUR 0.9708 CHF 0.9644 Eur$ 1.0684
S&P +0.13% EuroStoxx -0.03% Dax +0.06% SMI -0.01%
Macro :
- Barroso Sees Guindos Eurogroup Appointment, Expansion Reports
- Barclays Cuts 2015 Brent Oil Forecast, Sees Tough 1Q for Majors
- ECB QE Crowding Insurers Out, Munich Re CEO Tells Handelsblatt
- EU28 March Car Registrations Rise 10.6% Y/y to 1.604m Units
Keep an eye on :
- ALIPS FP : Qiagen to offer €14.90/share for Qiagen Marseille - stock halted. +11.2% premium
- ATLN VX : Actelion Begins Phase 3 Development With Ponesimod
- BMW GY : BMW’s China Dealers Ask for More Rebates, Lower Prices: WSJ
- DGE LN : *DIAGEO 3Q ORGANIC SALES DOWN 0.7%; ANALYST EST. UP 2%
- ELI1V FH : *ELISA 1Q NET SALES EU381M; EST. EU375M
- FUM1V FH : Fugro CEO Fears It Would Lose Sales If It Was Boskalis Unit: FD
- HEN3 GY : Henkel, Revlon, Coty Said to Prepare Bids for P&G Beauty: Rtrs {http://bit.ly/1DlAA3k}
- HOLN VX : AGM on the 8th of May
- IAM FP : Maroc Telecom 1Q Net Income MAD 1.32b Vs. MAD 1.47b Y/y
- MHG NO : Marine Harvest 1Q Operational Ebit Falls to About NOK910m
- MRL LN : Merlin Properties to Raise EU613.8m in Shr Sale
- MUV2 GY : ECB QE Crowding Insurers Out, Munich Re CEO Tells Handelsblatt
- SAB LN : *SABMILLER FY NET PRODUCER REVENUE UP 4%; EST. UP 4.5%
- SLIGR NA : Sligro 1Q Rev. Rises 2.2% to EU605m
- SW FP : Sodexo 1H Rev. In Line With Ests., Confirms FY Targets
- SUN SW : Sulzer 1Q Orders Drop, Confirms 2015 Forecast
- TTI GY : Tom Tailor 1Q Group-Wide Retail Sales Up 2.9% to EU131.3M
- UNA NA : Unilever 1Q Underlying Sales Growth Beats Estimates