Dow +0.41% S&P +0.46% Nasdaq +0.48% Russell +0.81%
US MArket Closed higher. Investors shook off concerns surrounding this weekend's cyber security attack from the jump, pushing the stock market higher at the opening bell. From there, the energy sector carried the S&P 500 to its best mark of the day as crude oil rallied on news that Saudi Arabia and Russia are in favor of extending the original OPEC/non-OPEC supply cut agreement, which was scheduled to end in June, by another nine months. WTI crude finished its day 2.1% higher at $48.86/bbl while the energy group (+0.6%) settled with the materials (+0.8%) and financials (+0.8%) sectors atop the day's leaderboard. Financials' solid performance was a positive signal for the broader market in light of the sector's recent struggles; over the last two months the sector has declined around 5.0%. Other influential sectors like health care (+0.6%) and technology (+0.6%) finished a tick above the broader market. The industrials (+0.5%), consumer staples (+0.4%), utilities (+0.4%), and real estate (+0.3%) sectors finished roughly in line with the broader market while the telecom services (-0.2%) and consumer discretionary (unch) groups lagged. Asian equities mixed despite the more pronounced gains on Wall St as political risk in the shape of a Trump intelligence gaffe during his meeting with Russian diplomats last week sparked calls for Congressional inquiry. JPY traded slightly firmer and US equity futures slightly softer in early Asian hours.
Nikkei +0.25% Hang Seng -0.14% CSI +0.35% Shanghai +0.14%
Eur$ 1.1004 CNH 6.8863 CNY 6.8914 JPY 113.31 GBP 1.2923 CHF 0.9950 RUB 56.2834
S&P -0.02% EuroStoxx +0.08% FTSE -0.04% CAC +0.03% Dax -0.03% SMI -0.05%
Macro :
- French Banks Small Correction Would Be Welcome: Kepler Cheuvreux
- Merkel Scraps Target for 1 Million Electric Cars by 2020: FAZ
- Dutch Government Coalition Talks Have Failed, Schippers Says
Keep an eye on :
- ABI BB : Anheuser-Busch Plans $2b U.S. Capex Program Through 2020
- ADP FP : ADP Paris Airports April Passenger Traffic Rises 7.1%
- BLT LN : Elliott Said to Seek BHP Management Meeting at Barcelona Forum
- BLT LN : BHP Sees Value in Woodside’s $25b Browse Gas Pipeline Proposal
- FGR FP : Eiffage Offering by Bpifrance Prices for ~EU428m Proceeds, Eiffage Share Offering Expected to Price at EU77: Terms
- EKT SM : Euskaltel to Buy Telecable From Zegona; Enterprise Value EU686m
- EZJ LN : EasyJet to Launch Recruitment Drive for 450 Additional Pilots
- SDF GY : K+S Downgraded; 2017 ‘Another Challenging Year’: DZ Bank
- LNZ AV : Lenzing 1Q Net Rises 70% to EU75m; Reiterates 2017 Outlook
- NOVOB DC : Novo to Lose Money on Brexit When Current FX Hedge Ends: Borsen
- ORA FP : SFR Files Suit Vs. Orange Over Fiber-Optic Coverage: Echos
- SFR FP : SFR Files Suit Vs. Orange Over Fiber-Optic Coverage: Echos
- SOON VX : Sonova FY Sales Slightly Exceed Ests; Sees Further Growth
- SAZ GY : Advent, Shanghai Pharma Said to Consider Rival Offer for Stada
- FTI FP : TechnipFMC Raised to Market Perform at Bernstein, PT EU26.60
- UCG IM : UniCredit Blue-Sky Scenario Now Prevails Over Downside Risks: GS
- ZC FP : Zodiac’s Ribadeau-Dumas Named Chief of Staff to French Premier