US Market Closed Higher, 3rd of consecutive gains, Nasdaq leaded the move, all Sectors positive, Bio Tech closed 2.4% higher above 200d MA, consumer discretionary (+1.4%),energy (+1.2%), and industrials (+1.5%) provided support to the broader market, while financials (+0.9%) lagged, financials will be in focus today with GS, MS & AMX reporting numbers before the opening bell, volume were below average @ 661mil shares...VIX @ 14.18 -9.16%...After Hours IBM -4.2% GOOG-3% on disappointing Q1 earnings SNDK+6.1%...still some tensions in Ukraine...China FDI slowed to a 3-month low on a YTD basis, reflecting further cooling in the economy. On y/y basis for March, FDI actually fell by 1.5% - its first decline in over a year. Investment from developing Asia continued to grow,however investment from Japan plummeted by 47%, while that from US and Europe were down 1.9% and 25% respectively...Japan's primary pension fund GPIF head Ito said the body is working in adjusting portfolio changes toward more investment in stocks vs bonds as price levels change. Ito noted changes will likely be more felt in the next 2 months. Separately, BOJ Gov Kuroda reiterated easing to continue until 2% inflation stable, though he continued to forecast CPI likely remaining around 1.25% for some time, presumably as consumption levels adjust to higher sales tax...Nikkei+0.24%...Hang Seng+0.41%...Shanghai -0.06%
Eur$1.3843 S&P Fut -0.20% European Future -0.03%
Macro
- Portugal Economy to Grow 1.4% in 2014, Catholic University Says
- Hedge Funds 1Q Inflows Biggest Since 2Q 2007: eVestment {NSN N45MNH6KLVR6 <go>}
Keep an eye on :
- AALB NA : Aalberts Says Orders, Order Book, Sales, Results Rose in 1Q
- AKZA NA : Akzo Nobel 1Q Sales Miss Ests., Net Beats; Repeats 2015 Goals
- ATLN VX : Actelion 1Q Core Earnings, EPS Beat Estimates, May Review Core Earnings Forecast By Mid-Year
- ATO FP : Atos 1Q Sales Decline; Confirms 2014 Outlook
- AZA IM : Etihad, Alitalia Deal May Not Go Through, Messaggero Reports
- BLT LN : BHP Needs Rebound Not Spinoffs During Commodity Slump: Real M&A
- BOL FP : Bollore, Rubis Interested in Taking Over Petroplus Site: Echos
- EI FP : Essilor to buy Coastal.com for CAD$12.45/ share - total value CAD$430
- F IM : Jeep to Announce China Production Deal by End of Month: Reuters
- IT IM : Italcementi to Benefit from Lafarge/Holcim Merger, BofAML Says
- LI FP : Klepierre Completes Sale of EU2 Bln Portfolio of Retail Centers
- ORCO FP : Orco Germany Didn’t Get Orders From Qualified Shareholders
- PMI IM : Popolare Di Milano To Carry Out EU500m Cap Increase as Planned
- PUB FP : Publicis 1Q Organic Growth Beats; Reiterates 2014 Growth Target
- RCO FP : Remy Sees FY Current Op. Profit Down 35%-40%, Organic Sales Miss
- RWE GY : RWE Shareholders Approve Option to Raise Capital After Dispute
- SAB LN : Article in the presse after UBS Analyst comments about potential interest from Inbev. for SAB
- SAP GY : SAP 1Q Software Sales, Operating Profit Miss; Sticks to Outlook
- SBMO NA : SBM Studies Construction of Platforms From Scratch, CFO Tells FD
- SCVB SS : Scania: Robur sells part of its holding (sold 0.4% (now 1,9%) of the shares and 0.1% of the votes (now 0.3%)
- SLIGR NA : Sligro Says 1Q Organic Sales Growth Flat
- SYNN VX : Syngenta Ticks Lower; China Rejected Shipments of Corn Brand
- SW FP : Sodexo 1H Adj. Oper. Profit Beats Ests., Rev. Misses
- VIE FP : Veolia, Suez Deny Merger Discussions: Reuters Link { http://reut.rs/1ipHBGK}
- VOLVB SS : Volvo Gained Market Share in Europe in 1Q, Dagens Industri Says