Dow +0.30% S&P +0.39% Nasdaq +0.37% Russell +0.77%
US Market closed higher and avoid 2 consecutives -ve sessions after FOMC. Nine sectors registered gains with financials (+1.0%) spending the day in the lead. The sector returned to little changed for the week, extending its December gain to 5.3%. Bank shares rallied even though the Federal Reserve said that top U.S. banks have a $70 billion total loss absorbing capacity shortfall. The market took solace in the fact that this is down from a 2015 estimate of $120 billion and banks have been given time until 2019 to address the situation. Two other top-weighted sectors—technology (+0.4%) and health care (+0.6%)—registered gains as strength in high-beta names overshadowed a mixed showing from larger components. Health care received a boost from biotechnology. Volume were again above average with 1.2bil shares traded. US after hours IBM +1% on rumors of an activist building a stake. JBL +10%, ADBE +0.5% following earnings/guidance... DAC -13%, ORCL -2% following earnings/guidance. Unintended and far-reaching consequences of a more hawkish than anticipated outcome from yesterday's FOMC policy decision have produced a sizable ripple in the bond and currency markets, even if equities appear to have pared their losses. EUR/USD is consolidating its drop around the 14-year low but back above $1.04 handle, while USD/JPY is off its highs though still above the 118 handle breached overnight. BOJ decision and the anticipated upgrade in Japan's economic assessment are expected on Tuesday.
Nikkei +0.66% Hang Seng +0.13% CSI +0.12% Shanghai +0.12%
Eur$ 1.0438 CNH 6.9363 CNY 6.9467 JPY 118.11 GBP 1.2430 CHF 1.0284 RUB 61.076 WTI 51.06 +0.31%
S&P +0.04% EuroStoxx -0.18% Dax -0.11% SMI -0.14% FTSE +0.06%
Macro :
- S&P 500’s Trend Bullish While Nasdaq ‘Firmly in Gear’: JPMorgan
- Profit Growth in 2017 Will Be Half Expectations: Natixis
- Not a Stockpicker’s Market Yet: Morgan Stanley’s Parker
- OPEC Deal Tests Oil Majors’ Appetite for Risk and Reward
- Greece parliament approves the pay-out to low income pensioners
Keep an eye on :
- ATLN VX : Sanofi Said to Be in Advanced Talks to Buy Drugmaker Actelion
- AI FP : Air Liquide Says It’s Weighing Options To Sell Welding Business
- ALV GY : Allianz Said to Consider Offer for Generali’s French Business
- AZN LN : AstraZeneca Won’t Cut Dividend, CEO Soriot Tells Handelsblatt
- BAYN GY : Bayer Wants Agriculture Business to Grow 4% After Merger: HB
- BMPS IM : Paschi: Period for Offer on Own Subordinated Securities Extended, Monte Paschi Maximum Subscription Price EU24.9/Share
- BMPS IM : Monte Paschi Arranges EU4.7b Bridge Loan With 4 Banks: Reuters
- ALCLS FP : Cellectis Says NIH Panel Approves Two Phase 1 Study Protocols
- DEXB BB : Dexia Told to Turn Belgium, France-Held Stock into Common Shares
- EDF FP : Italmobiliare Said to Mull Buying Minority Stake in Edison: Sole
- FGR FP : Eiffage Sells Eiffigen to Compagnie Financiere Du Lion
- GATE SW : HNA Says Gategroup Offer May Now be Settled
- G IM : Allianz Said to Consider Offer for Generali’s French Business
- IBE SM : Unicaja to Sell About 0.51% of Iberdrola Shares in Block Trade
- ISP IM : Intesa Sanpaolo Fined by N.Y. Over Iran Deals, Weak Compliance
- ISP IM : Intesa Sanpaolo Completes Sale of Setefi, Intesa Sanpaolo Card
- IT IM : Italmobiliare Said to Mull Buying Minority Stake in Edison: Sole
- DEC FP : JCDecaux Signs National Bus Shelter Ad Contract in Ireland
- KPN NA : Dutch Govt Seeks Coverage Obligation in Future Spectrum Auctions
- LIN GY : Linde, Praxair Said to Mull Engineering Unit Spinoff: HB
- LHA GY : German Union Says It May Strike in Lufthansa Eurowings Dispute
- NOVN VX : Novartis Buys Ziarco Group, No Financial Details Disclosed
- PROX BB : Proximus to Invest EU3 Bln in Fiber Network in Next 10 Years
- RTO LN : Rentokil to Join Parts of Workwear, Hygiene With Haniel: Sky
- SAN FP : Sanofi Said to Be in Advanced Talks to Buy Drugmaker Actelion
- SOLB BB : Solvay Completes Sale of Neolor Business to Baotou Hongbo Te
- TEF SM : Imagina seeks offers for majority stake as other shareholders join sale - Tef ruled out an offer - El Conf.
- TEN IM : Tenaris Sells North American Electric Conduit Business to Nucor
- VIV FP : Vivendi Couldn’t Control Both Mediaset, Tel. Italia: Regulator - http://bit.ly/2h7hs36
- VIV FP : Imagina seeks offers for majority stake as other shareholders join sale - El Conf.
- WOL AV : Wolford Says Hitting Targets ‘Challenging’ After 1H Loss Widens
- WPP LN : Imagina seeks offers for majority stake as other shareholders join sale - El conf.
- ZC FP : Zodiac Aerospace 1Q Rev. Falls 2.9%; Co. Confirms FY Outlook