VW Seeking Cooperation With China’s JAC on Light Vehicles: Exec.Dow -0.59% S&P -0.55% Nasdaq -0.47% Russell -0.49%
US Market closed lower. Senate Republicans announced on Tuesday evening that they've added a provision to their tax reform bill that would repeal the Affordable Care Act's individual mandate, which requires all Americans to have health insurance. The individual mandate is a hotly debated topic among lawmakers and an attempt to repeal it may face resistance--potentially delaying the GOP's tax overhaul effort. Uncertainty surrounding tax reform has been a stumbling block for the market as of late, although it's tough to gauge the true level of concern among investors, who may just see the pause as an opportunity to cash in on recently minted record highs. WTI slid 0.7% to $55.29 per barrel, pushed energy lower. technology sector (-0.9%) also underperformed on Wednesday, as did the consumer staples (-1.1%), utilities (-1.0%), and real estate (-0.8%) groups. Within the tech space,Apple (AAPL 169.08, -2.26) showed particular weakness, finishing lower by 1.3%. The tech giant has now settled in the red for five sessions in a row. US After Hours RH +16%, SGH +18%, NTAP +9%, CSCO +5% following earnings/guidance, PG +2.5% on vote recount news. Asian Market, The Shanghai Composite opened the session -0.3%, while the Hang Seng opened +0.4%. The Information Technology index in Hong Kong has risen by over 1%. Component, Tencent, has gained over 1.7% after reporting better than expected Q3 results. China Legislature Official Huang said China should levy a property tax as it curbs speculation. Separately, the PBoC’s Research Head said there could be the risk of a ‘big crisis’ if economic reforms are too slow. M&A has driven price action in the energy sector after SANTOS SAID IT REJECTED an offer from Harbour Energy. THE NIKKEI is higher with the yen steadying following its recent strength against the dollar.
Nikkei +1.47% Hang Seng +0.72% CSI +0.74% Shanghai -0.01% Shenzen +0.35%
Eur$ 1.1799 CNH 6.6343 CNY 6.6327 JPY 113.05 GBP 1.3179 CHF 0.9893 RUB 60.0828 WTI$ 55.38 +0.09%
S&P +0.29% EuroStoxx +0.23%FTSE +0.27% Dax +0.30% SMI +0.13%
Macro :
- Dutch Government Sticking to Proposal to Abolish Dividend Tax
- Janus’s Bill Gross Says Credit Cycle is Peaking: CNBC
- Greenlight’s Einhorn Says Issues That Caused Crisis Not Solved
- China Is Said to Ask EU to Exempt Sectors in Pact Talks: SCMP
Keep an eye on :
- ACS SM : ACS to Sign Loan Deal for Abertis Bid Next Week: Expansion
- ASMI NA : ASMI Expecting to Double Revenue in China Over 2018: CEO
- AXIA SM : Axiare Says Wasn’t Aware of Colonial’s Intentions Before Nov. 13
- EN FP : Bouygues 9M Sales Up 3%; Telecom Unit Raises FY Ebitda Margin
- BLT LN : BHP Looking to Complete Exit from U.S. Shale Within Two Years
- CA FP : Carrefour Proposes New Sunday Opening Plan, Unions Say: AFP
- CLNX SM : Cellnex CEO Sees Opportunity in Altice’s Tower Sale Plans
- CNP FP : CNP Assurances Nine Month Ebit EU2.13 Bln
- DBK GY : Cryan Says German Banking Market May See Consolidation in 2018
- DBK GY : Deutsche Bank’s Trading Strength Lies in Credit, Cryan Says
- DEQ GY : Deutsche Euroshop Nine Month Revenue EU161.0 Mln
- DTE GY : Deutsche Telekom CEO Would be Open to Dutch IPO, Merger
- DIREN FP : Direct Energie Holder EBM Trirhena to Sell 4.7% Stake
- ERICB SS : Ericsson Is Nearing a Sale of Its Media Business, SVD Reports
- HLNG NO : Hoegh LNG 3Q Ebitda Misses Lowest Estimate; Sells Grace Stake
- IBAB BB : Ion Beam Sees FY Adjusted Ebit Margin 0% To 5%, Saw 1% To 6%
- ILD FP : Iliad 9M Rev. EU3.71B; 250,000 New Mobile Users in 3Q
- ITV LN : ITV Ready for Takeover Bid, But That’s Not Current Focus: CFO
- KBC BB : KBC Third Quarter Net Income Beats Highest Estimate
- MAT US : Mattel Is Said to Rebuff Hasbro Bid: Reuters
- NHH SM : NH Hotel Nine Month Ebitda EU170.4 Mln
- ORPHATEM DC : Orphazyme Says Final IPO Offer Price Set at DKK80/Shr
- SAL IM : Salini Impregilo New Orders Year-to-Date EU4.3B
- SW FP : Sodexo FY Organic Rev. Growth 1.9%; Sees FY18 Op. Margin 6.5%
- LOCAL FP : SoLocal Says Chairman Danon Buys 60,530 More Shares
- TEF SM : Telefonica Open to Consolidation in Mexico, Chairman Says
- TIT IM : Tel. Italia CEO: We Don’t Share Open Fiber’s View on Our Network
- KVW NA : VolkerWessels 9M Ebitda EU155 Million; Confirms FY Outlook
- VOW3 GY : VW Seeking Cooperation With China’s JAC on Light Vehicles: Exec.
- VOW3 GY : Ex-Audi Manager Hatz Offered EU3m to Get Out of Custody: SZ
- WPP LN : WPP Doesn’t Intend to Accept Tender Offer Launched by Bain