Dow +0.54% S&P +0.84% Nasdaq +0.74% Russell +1,50%
US Market closed higher after FOMC decision. As expected, the Federal Open Market Committee voted to raise the fed funds target range by 25 basis points to 0.75%-1.00%, the Fed still believes that three rate hikes are appropriate for 2017, relieving investors' fears that the central bank could begin setting the groundwork for a fourth hike. Crude oil set today's bullish tone in pre-market action after the API reported encouraging inventory data on Tuesday evening. The EIA validated those positive numbers this morning, showing a draw of 200,000 barrels (+3.7 million barrels consensus). The reading prompted WTI crude to finish the day 2.1% higher at $48.71/bbl. energy sector (+2.1%), rate-sensitive utilities (+1.6%) and real estate (+1.9%). US After Hours GPRO +12%, ORCL+3%, rise on upbeat guidance; Guess (GES) -12% on light Q4 and underwhelming guidance. In Asia, New Zealand Q4 GDP missed expectations, as consumption and capital formation growth slowed markedly from Q3, Australia's employment figures fared poorly, with the first negative print in 5-months. PBOC also eased off the monetary accommodation in the wake of the Fed decision, raising rates on its reverse repo operations by 10bps. China central bank said the steps do not represent a shift in policy, but rather reflect changes in markets, firmer domestic economy, and strong credit expansion. PBoC also strengthened Yuan in its daily fix by the biggest margin since mid-January.
Nikkei +0.07% Hang Seng +1.48% CSI +0.31% Shanghai +0.70%
Eur$ 1.0734 CNH 6.8644 CNY 6.8905 JPY 113.28 GBP 1.2276 CHF 0.9990 RUB 58.4810 WTI$ 49.13 +0.55%
S&P +0.21% EuroStoxx +0.70% Dax +0.60% SMI +0.32% FTSE +0.58%
Macro :
- Yellen: There’s Some Scope for Wages to Increase Further
- VIX Three-Way Spread Trade Is Bullish on Volatility
- Banks Drop As Fed Maintains Hike Forecasts for 2017, 2018
- Fed Fund Futures Pricing Only One More Rate Hike, Sept. 2017
- Trump to Propose Spinning Off U.S. Air-Traffic Control from FAA
Keep an eye on :
- AIR FP : Boeing Gets $3.28b Modification to Saudi Arabia Contract
- AZA IM : Alitalia Plans to Return to Profit by End 2019 in New Plan
- ATC NA : Altice Refinances $4.3b of Debt to Extend Maturity, Cut Costs
- BOI FP : Boiron FY Net Climbs 5.1%; Co. Cautious About 2017 Sales Outlook
- BMPS IM : Monte Dei Paschi Says It Issued State-Guaranteed Bond for EU4b
- GOOS CN : Canada Goose IPO Prices 20m Shares at C$17: IPO Boutique
- COH US : Coach Call Volume Highest Since January
- CDA FP : Cie Des Alpes CEO Marcel Sees Real Rebound in Tourist Business
- DBK GY : Deutsche Bank Said to Weigh Sale of Indian Retail Business
- DEZ GY : Deutz FY Rev. Matches Est.
- EDF FP : EDF Tries New Fixes to Restart 4 Nuclear Reactors: Reuters
- FCA IM : Fiat Chrysler CEO Says ‘Zero Interest’ in Volkswagen Deal: Rtrs
- FUR NA : Kiltearn Partners Reports Higher Fugro Stake of 10.25%: Filing
- G IM : Generali 2016 Net +2.5%, COR 92.5%; Accelerates on Cost Cuts
- GWI1 GY : Gerry Weber 1Q Rev. EU209.2m
- HEI GY : HeidelbergCement Sees Growth in FY17 on U.S, Canada, Europe
- ISN SW : Intershop Looking for a Buyer, CEO Wiechen Tells Boersen-Zeitung
- ISP IM :Intesa Raised EU100m in Sale of PIR Products Since Feb 27
- SDF GY : K+S FY EBIT I EU229m, Rev. EU3.5b Cuts Dividend to EU0.30
- KORI FP : Korian FY Ebitda Jumps 24%; Co. Sees 2017 Ebitda Margin Stable
- LDO IM : Leonardo CEO Says He Should Be Reappointed Based on Co. Results, Leonardo offers first dividend for 6 years
- LHA GY : Lufthansa 2016 Adj. Ebit Falls 3.6% to EU1.75b on Strike Costs
- M US : Starboard Value Said to Sell Its Stake in Macy’s: Reuters
- EGL PL : Mota-Engil Says Full-Year 2016 Sales Fall 9% Y/y to EU2.2b
- RNO FP : Renault Reiterates Earlier Comments on Emission Probe
- RNO FP : Nissan Falls Most in Four Months After Renault Emission Report --> Nissan (7201) -1.73%
- SHP LN : Shire Gets European Approval for Label Extension of Cinryze
- UHR VX : Swatch Says First Months of 2017 are Encouraging, Cuts CEO Pay, Sees ‘Healthy Growth’ in U.S., European Markets in 2017
- TSLA US : Tesla to Offer $250m Shares, $750m Convertible Notes --> Raised to $1.15bil pricing on the 16th
- VOD LN : Vodafone, Liberty Global Said Not in Active Talks, FT Says