Dow +0.99% S&P +1.01% Nasdaq +1.47% Russell +1.27%
US Market closed higher as participants dialed back rate hike expectations following a barrage of economic data (fed funds futures market estimates the odds of a rate hike at the September meeting at 12.0%, falling from 15.0% in the previous session. The implied probability of a rate hike at the December meeting fell to 46.2% from 52.9%.). Apple Rally & rebound of Oil also helped the sentiment. All ten sectors ended in the green with telecom services (+1.1%), health care (+1.1%), energy (+1.1%), and technology (+1.7%) leading the advance. Conversely, materials (+0.6%) and financials (+0.7%) ended at the bottom of the leaderboard. Volume were below average with 818mil shares. US After Hours LPTH +10% and SANW +6% following earnings/guidance, CAR +5% on S&P 400 addition news... ORCL -3% following earnings/guidance, NVAX -84% on trial updates, DB -7% on potential hefty DoJ settlement amount. Australia and Japan were the only key indices open in today's session, as Hong Kong joined China, Korea, and Taiwan for Mid-Autumn Festival holiday break. Both traded to the upside, tracking a snap-back rally on Wall St. Korea markets were closed, Samsung Electronics got more bad news as US consumer safety agency CPSC formally issued a recall on about 1M Galaxy Note 7 devices due recent cases of battery overheating and explosions. The company is in hot water with regulators who also claim that Samsung exacerbated the situation with the way it handled communication with consumers. Following the CSPC announcement, Samsung replied it aims for US availability of replacement Note 7 devices as part of voluntary recall no later than Sept 21st.
Nikkei +0.54% Hang Seng Closed CSI Closed Shanghai Closed
Eur$ 1.1239 CNH 6.6495 CNY 6.6747 JPY 102.078 GBP 1.3237 CHF 0.9720 RUB 64.8461 WTI $ 43.52 (-0.93%)
S&P -0.13% EuroStoxx -0.17% Dax -0.25% SMI +0.01%
Macro :
- U.K. Committee to Launch Inquiry Into Executive Pay: Sky News
- Some EU Sources See Chance U.K. May Give Up on Brexit: Telegraph
- Negative Rates Not All Bad as Mizuho Sees Pension Business Boost
- Europe Said to Threaten Revolt Over Bank Capital-Rule Overhaul
- FOMC SURVEY: Hold Seen Next Week as Fed Punts to December
Keep an eye on :
- CS FP : Axa to Buy Back as Much as EU461.9m of Own Shares
- CRTO US : Criteo Revenue Could Triple in 4-5 Years, Exane BNP Says
- BMPS IM : Paschi Could Consider Saccomanni for Chairman Job: Repubblica
- BNP FP : French Banks Undervalued as Capital Rules Not Stable: Brassac
- COLL SS : Collector Announces Rights Issue; Price SEK55 a Share
- DBHN GY : Deutsche Bahn Exiting German Bus Market: Handelsblatt
- DBK GY : Deutsche Bank says U.S. DoJ asks it to pay $14 billion to settle mortgages case --> -8% after H. in ny
- DBK GY : Deutsche Bank Said Near U.K. Insurance Unit Sale to Phoenix
- DBK GY : Deutsche Bank Doesn’t See Settlement Near DOJ $14b Proposal
- EDF FP : GE to Get $1.9b for Hinkley Point C Contract: Reuters
- FCA IM : Fiat Chrysler Recalling 1.4m Vehicles in U.S., 82k in Mexico
- GALP PL : Amorim’s Galp Sale Corresponds to the 5% Stake Bought from Eni, sold @€11.69
- JCI US : Johnson Controls New Outperform as >$1b Savings Seen: Bernstein
- LHA GY : Lufthansa Outlook to Negative From Stable by S&P
- KN FP : Natixis Plans to Create 600 IT Jobs in Portugal Through 2019
- NOVOB DC : Novo Says Victoza Lowered Kidney Damage Progression in Diabetes
- ORCL US : Oracle 1Q Adj. EPS, Rev. Miss Ests.; Shares Down 1.1% Post-Mkt
- PHNX LN : Deutsche Bank Said Near U.K. Insurance Unit Sale to Phoenix
- PST IM : Poste Italiane to Buy 14.8% of SIA From CDP, Corriere Says
- SAF FP : Safran’s Morpho Said to Fetch More Than $2.2 Billion in Bid War
- GLE FP : French Banks Undervalued as Capital Rules Not Stable: Brassac
- TEL NO : Telenor May Sell VimpelCom for $3.5/Shr, Vedomosti Says
- TDC DC : Apollo could make higher offer for TDC; Telia could also be interested
- UCG IM : Italy Banks Under Pressure, Positive Mid to Longer Term: Citi
- UNA NA : Unilever Said to Be in Talks to Buy Honest Co. for Over $1b: WSJ
- VOW3 GY : Volkswagen Confirms Irish Emissions Case Stopped, Pending Review
- VOW3 GY : Hesse Minister Says German State to Sue Volkswagen: HR-Info
- AFX GY : Zeiss Gets FDA Approval for VisuMax Vision Correction Procedure