Dow +0.52% S&P +0.50% Nasdaq +0.64% Russell +0.54% VIX +11.45%
US MArket closed higher settling new record BUT Note that VIX was up 11.5%. the fed funds futures market showed an increase in the implied probability of a March rate hike (to 31.0% today from 17.7% yesterday). Additionally, the fed funds futures market now points to the next FOMC rate hike taking place in May with the corresponding probability rising to 53.1% from yesterday's 40.6%. U.S. Treasuries slipped immediately following the January CPI release and held the bulk of those losses into the close, finishing lower for the fifth consecutive session. The benchmark 10-yr yield finished three basis points higher at 2.50%. Pharma & Biotech were strong. Tech closed behind global market. Semi were still strong above the global mkt (+0.8%). Utilities & Energy wclosed below the market with crude -0.02% Lower @ $53.05/bbl. US After Hours TIVO +14%, WINT +10%, SNPS +8% following earnings/guidance, PGNX +5% and SFLY +3% on S&P600 index addition news... CFMS -39%, MOH -14%, OMCL -10%, HAWK -10%, CAR -7%, SPWR -6%, TRIP -5% following earnings/guidance. Second round of somewhat more hawkish Fed chair Yellen testimony, along with hotter CPI data out of the US, continued to pressure US Treasury yields higher even as indices maintained their upward trajectory. Ongoing US political drama saw the formal withdrawal of Laber Sec-nominee Puzder; US TIC data late in US session saw the first net decline in holdings in 3 months. China FDI fell for the first time in over 2 years, though MOFCOM officials yet again attributed the decline to high base effects from the timing of Lunar New Year. Gov Kuroda: Risk of another global financial crisis has fallen alot, but cant deny a different kind of crisis could happen.
Nikkei -0.47% Hang Seng +0.49% CSI +0.46% Shanghai +0.41%
eur$ 1.0612 CNH 6.8464 CNY 6.8602 GBP 1.2475 JPY 113.90 CHF 1.0039 RUB 57.0770 WTI$ : 53.01 -0.19%
S&P -0.10% EuroStoxx -0.09% Dax -0.10% SMI -0.25%
Macro :
- Munger Says Trump Not Wrong on Everything, So ‘Roll With It’
- U.S. Total Cross-Border Investment Outflow $42.8b in Dec.
- Fed’s Dudley Says he Sees Balance Sheet as a Passive Policy Tool
- Fed’s Dudley Sees Rates Being Raised Gradually in Months Ahead
Keep an eye on :
- ATLN VX : J&J’s Actelion Bid Prospectus Out, Offer Starts March 3
- AF FP : Air France-KLM FY Net Income Jumps; Rev. in Line With Consensus
- ARCAD NA : Arcadis Full Year Net Revenue Drops 5% to EU2.47b
- BBVA SM : BBVA Said to Sell Properties Portfolio to Blackstone: Expansion
- CAP FP : Capgemini Sees 2017 Operating Margin Improvement, Sales Growth
- CLN VX : Clariant 4Q Ebitda, Sales Rise, Co. Confident on 2017 Targets
- CSGN VX : Credit Suisse Capital Uncertainty May End in 2017: Berenberg
- DB1 GY : Deutsche Boerse Sees as Much as 15% Earnings Growth in 2017
- FCA IM : Fiat Agrees to Update Emissions Software in Europe Models: Wiwo
- FLOW NA : Flow Traders Says Shareholders Sell Shares, Free Float Increases
- FPE3 GY : Fuchs Petrolub 2016 Sales Rise 9%
- GBT FP : Guerbet FY Pro Forma Revenue Slips 1.7%; Sees Growth in 2017
- HSBA LN : HSBC to Cut 20 Global Banking & Markets Jobs in H.K.: HKET (1)
- LSCC US : Lattice Semi 4Q Adj. EPS Misses Lowest Est.
- NESN VX : Nestle Revenue Misses Estimates; Sees 2017 Sales Growth at 2%-4%
- NN NA : NN Group Says 4Q Net Income Declined to EU148m From EU360m
- ORI SS : Oriflame 4Q Sales Beats Est., 1Q Has Started in a Promising Way
- PGS NO : PGS 4Q Revenue Misses Estimates, Net Loss Wider Than Expected
- RIO LN : Rio Tinto Said to Seek Bank Pitches on $1.5b Coal Sale
- SU FP : Schneider 2016 Net Below Forecast; Div. EU2.04/Share
- SIE GY : Siemens, GE, Mitsubishi-Hitachi Eye Ostroleka Tender: Parkiet
- SNAP IPO : Snap to Target March 3 for Trading Debt After IPO: IPO Boutique
- SNAP IPO : Snap Said to Set IPO Valuation at $19.5b-22.2b
- SAZ GY : Stada’s Takeover Price Seen Unlikely to Go Much Higher
- STMN SW : Straumann FY Revenue Meets Estimates, Raises Dividend
- TNET BB : Telenet Sees 2017 Adj Ebitda Growth 4%-6%; 4Q Rev., Ebitda Beat
- TTK GY : Takkt Plans Dividend Increase, America Business Drives Sales
- TFI FP : TF1 Targets Double-Digit Current Op Margin in 2019
- UBSG VX : UBS’s Asia Investment-Banking Bonus Pool Said to Decline by 15%
- RIN FP : Vilmorin 1H Net Loss Narrows; Confirms Target for FY Growth