Dow-0.02% S&P-0.08% Nasdaq-0.12% Russell-0.69%
US Market closed slightly lower. Ahead of Greek Parliament vote and riots in Athens market was under pressure. Financials lead the move the all day. Pharma & Biotech outperformed also thanks to Celgene (CELG) 7% spike on guidance raise & Receptos acquisition for $232/share. AAPL+0.96%, GOOGL -0.04%. Energy Sector-1.6%, pressured by Crude Oil trading lower -3.1% @ $51.40. Volume were in line with 750mil shares. US After Hours NFLX +10.8%, ONDK +5.3%, INTC +2.7%, CPSS +1.3%, FBRC -0.6% following earnings/guidance...Intel beats by $0.05, beats on revs; guides Q3 revs towards high end of expectations; lowers FY15 rev slightly, above estimates, raises gross margin slightly, lowers cap-ex...Asian indices are volatile after a late US session swoon, with Shanghai Composite trading especially wildly in the morning hours. After trading down over 2% in the opening minutes, Shanghai was up over 1% headed toward its midday break, closely followed by more modest gains in Australia, Japan, and Korea...Asia Development Bank (ADB) cuts its developing Asia 2015 GDP outlook for the region to 6.1% from 6.3% and 2016 to 6.2% from 6.3%. China GDP target was cut to 7.0% from 7.2% in 2015 and 6.8% from 7.0% in 2016, while those of India were affirmed at 7.8% and 8.2% respectively. ADB chief economist noted slower growth in China is having a noticeable effect on the rest of the region through international value chain, adding the PRC's decline is driven by weaker-than-expected external demand, a declining working age population, and rising wages...As expected, Greek Parliament voted in favor of reforms mandated by creditors that would unlock more bailout funds and unfreeze the nation's banking system. 229 out of 300 lawmakers voted YES, 6 (all Syriza members) abstained, and 64 voted NO. Out of 64 NOs, 32 were also Syriza MPs. Ahead of the vote, PM Tsipras delivered an impassioned address that railed against the imposed austerity, but still ended up casting a YES vote. Former Fin Min Varoufakis vote was a more principled NO...Fed's Williams followed Chair Yellen's congressional address with similar rhetoric straddling both sides of the fence - clearly committed to a 2015 liftoff but also cautious in terms of low levels of inflation. Williams also added the Fed will not start shrinking its balance sheet before raising rates.
Nikkei +0.67% Hang Seng -0.05% Shanghai +0.78%
Eur$ 1.0919 JPY 123.90 GBP 1.5612 EURCHF 1.0434 RUB $57.0630 WTI $51.79 (+0.74%)
A&P +0.33% EuroStoxx+0.77% Dax+0.73% SMI -0.04%
Macro :
- Greek Bailout Bill Approved by 229 Lawmakers: Parliament Speaker
- Fed’s Beige Book Could Support Tightening This Yr: TD
- Fed Survey Finds Economic Growth in All Regions of Country
- Citi Raises Its Global 2015 GDP Growth Forecast to 2.7% vs 2.6%
Keep an eye on :
- CA FP : Carrefour 2Q Sales In Line With Ests.
- CO FP : Casino 2Q France Retail Sales Beat Ests.
- EKT SM : Telecable postpones deadline for binding offers to encourage bid from Euskaltel-Expansion
- KVAER NO : Kvaerner 2Q Revenue NOK3.13b; Est. NOK2.67b
- NAS NO : Norwegian Air 2Q Net NOK325m vs Est. NOK343m
- NOVN VX : Novartis Won’t Settle Drug Suit With U.S. Justice Dept., HZ Says
- NOVN VX : Novartis Says Malaria Drug Coartem Gets WHO Prequalification
- NSG NO : Norske Skog 2Q Ebitda Drops Amid Weak Publication Paper Demand
- PC IM : Chemchina Offer for Pirelli May Start in Sept.: Messaggero
- PRC GY : Tele Columbus Agrees to Buy PrimaCom for EU711m
- RIO LN : Rio Cuts 2015 Iron Ore Shipment Forecast; 2Q Output Misses Est. --> +0.35% in Sydney
- SLIGR NA : Sligro 1H Rev. In Line With Ests., Sees Eco. Recovery Continuing
- UHR NO : Swatch 1H Operating Profit Beats Ests., Sees Strong 2H
- ZC FP : Zodiac Aerospace: Five Injured in Explosion at Newport Facility