Dow+0.90% S&P+1.06% Nasdaq+0.87% Russell+1.41%
US Market closed higher, finish aboive its 100d MA ahead of tomorrow FOMC, Oil rebound helped hte sentiment, WTI crude surged 2.7% to $37.32/bbl, taking the energy sector (+2.9%) along for the ride, but still down 7.8% on the month. HYG +1.6% also helped the mkt to rebound. Heavey tech underperform but move was masked by good rebound from semi. Volme were above average with 940mil shares. US after Hours higher on earnings : JRJC +42.1%, HEI +1.8%, LAKE -6.3%, GPN -2.3%, CBT -1.4%...HPY+11.7% on GPN take over news @ $100/Sh. FVE+36.7% on asset sale. Congress Reaches Fiscal Deal That Ends U.S. Oil Export Ban. No ShutDown in the US with a $1.1T Budget agreement according to House speaker Ryan. The popular risk-off trends of the couple of weeks - namely short high-yield debt, short stocks, short energy, and long JPY - are all being unwound over the last 24 hours, as investors look ahead to Wednesday's monumental Fed announcement that will likely signal the start of the tightening campaign. Yen Weakness triggered rebound. Japan Manuf PMI data. 52.5 print was a decimal below last month but remained in expansion for 8th month. New orders also rallied to 54.1 v 53.6 prior, while new export orders slid to 52.4 v 53.2 prior. Markit economist said the growth in total new work picked up to the second-highest since October last year, supported by strong overseas demand. In China, PBoC adviser Fan Gang said economy is facing adjustments but still has potential to grow over the long term. Fan pointed to continued issues around industry overcapacity, bad loans, and Internet finance as key risks.
Nikkei +2.61% Hang Seng +1.92% Shanghai -0.08%
Eur$ 1.0944 CNY 6.4680 JPY 121.89 GBP 1.5048 CHF 0.9897 RUB$ 70.3645 WTI $37.17 (-0.48%)
S&P +0.23% EuroStoxx Dax SMI
Macro :
- Congress Reaches Fiscal Deal That Ends U.S. Oil Export Ban
- Fed to Hike Tmw, Bring Down Dot Plot, Pimco’s Ivascyn Says: Rtrs
- Germany Plans to Adjust Renewable Energy Act Exceptions: Welt
- China Growth May Slow to 6.6 Percent in 2016, Researchers Say
- Italy Weighs Mkt, Insurance, Bank Regulator Overhaul: Repubblica
Keep an eye on :
- ABG SM : Abengoa Could Get Lifeline Totaling EUR210m, Reuters Says
- ABG SM : Banks to Provide EU100M to Tide Abengoa Over to Jan.: Expansion
- ADS GY : Adidas CEO Sees 8% American Revenue Growth 2015: Handelsblatt
- ATOCA SS : Atlas Copco CEO Sticks to Demand View, Dagens Industri Reports
- AVV LN : Aveva's potential bidders had been waiting for conclusion of discussions with Schneider Electric - FT
- BPM IM : BPM has UBI Banca and Banco Popolare as likeliest candidates for merger - Il Messaggero
- AFX GY : Carl Zeiss Meditec FY Sales, Ebit Rise; Sees 2016 Margin Rise
- CO FP : Casino to Cut Debt by More Than EU2b in 2016
- CSGN VX : Credit Suisse Said to Be in Talks for Part of BTG Loan Portfolio
- DTE GY : DT to Postpone T-Mobile Netherlands Sale: De Telegraaf
- DRIO GY : Drillisch Raises Ebitda Forecast 2015
- FAGR BB : CVC, Yvan Vindevogel May Be Interested in Fagron, Tijd Reports
- BAER VX : Julius Baer to Buy Commerzbank Luxembourg Unit for EU68m
- KUNN SW : Kuoni Hired Credit Suisse to Explore Options for Business: FuW
- MAU FP : Maurel & Prom approaches Ophir and Tullow regarding potential merger - Irish independant
- ML FP : Michelin to Cancel 4.7ml shares dec. 17, 2,5% of Capital
- OMV AV : OMV Preparing Downstream Assets for Gazprom Swap, Presse Reports
- PRY IM : Prysmian Group to Pay ~100m Euros to Raise Oman Cables Stake
- RR/ LN : Rolls-Royce Chief to Cut Senior Roles in Shake-Up, FT Reports
- TIT IM : Telecom Italia shareholders reject conversion of savings shares into ordinary shares; approve enlargement of BoD (Details sent by bbg)
- FP FP : Total to Appoint a Lead Independent Director, Les Echos Says
- VOD LN : Vodafone, Liberty Investor Says Neither Side Pushing Away: FT
- ZC FP : Zodiac Aerospace Reported Rev up 8.8% in 1Q