US Market Closed lower & tresuries Higher, Out of the six growth-sensitive sectors, four posted losses larger than the broader market. Energy, financials, industrials, and materials lost between 1.0% and 1.5%, while consumer discretionary (-0.7%) and technology (-0.8%) outperformed, CSCO +6% on better earnings, volume were above average @ 732mil shares...VIX @ 13,17 +8,22%...US after Hours KGJI +33.3%, OVRL +31.4%, JCP +18.9%, WWE -20.2%, YOD-4.1%, PAYC -3.6% following earnings/guidance...- Nikkei225 is leading the regional Asian indices lower, dragged down by the third consecutive session of stronger Japanese Yen. USD/JPY, approaching 3-month lows near 101.20, is weighed by the falling US Treasury yields after a surprising slump in US industrial production...China completed the release of its economic data for April with mixed FDI prints - YTD annual growth slowed to 5% while y/y April FDI returned to growth with 3.4% increase. A report out of Fitch was generally unimpressed with the entire set of April figures, noting "latest Chinese macro data releases for
April indicate a further economic deceleration in the second quarter...- India elections have sparked a rip-roaring 5% rally in early Sensex trade...Rupee is also sharply higher, with USD/INR falling to 10-month low below INR59 level....Nikkei -1.72% HS-0.63%...Shanghai -0.42%
Eur$1.3716 S&P fut: -0.01% European Fut. : +0.29%
Macro
- MOROCCO OUTLOOK TO STABLE FROM NEGATIVE AT S&P
- Romania Raised to Investment Grade at S&P, Outlook Stable
Keep an eye on :
- AIR FP : Airbus Helicopter Sees Higher Demand in S. Korea: Chosun Biz
- ALO FP : France’s Montebourg Says Law Can Be Used to Block GE Alstom Bid
- ALO FP : French AMF's Rameix Sought More Transparency From Alstom: Echos
- AZN LN : Swedish Government Prepared to Meet With Pfizer on AstraZeneca
- EN FP : Bouygues 1Q Rev. EU6.84b vs Est. EU6.56b, could be a target for Orange ( Les Echos)
- EN FP : Bouygues CFO Says ‘All Scenarios Are on the Table’ in Telecoms, focus on stand alone for now
- BES PL : Espirito Santo to Raise as Much as EU1.045b From Rights Offering
- CFE BB : CFE 1Q Rev. Rises 16% at Comparable Scope; Net Debt Increases
- CU FP : Edizione Won’t Tender Its Club Med Shrs in Gaillon Offer
- CU FP : Club Mediterranee’s Summer Income May Drop on Lower Bookings
- CSGN VX : Credit Suisse Nears Guilty Plea, to Pay ~$2.5b in Tax Probe: WSJ
- GEO IM : Geox 1Q Rev. Beats Ests., Ebit Misses, Confirms Forecast
- HMB SS : H&M Not Planning to Buy Italian Brands, CEO Tells Repubblica
- ILD FP : Iliad 1Q Rev. EU1b vs Est. EU995m; Rev. +11% Y/y
- MONC IM : Moncler 1Q Rev., Ebit Beat Ests.
- MRW LN : SPecualtion of Private Equity interest - £275/share -Daily Mail
- MT NA : ArcelorMittal Said to Consider Offer for Zimbabwe Alloys Chrome
- NOK1V FH : Nokia Corp. Raised to BB From B+ by S&P
- NUM FP : *NUMERICABLE GROUP IN EXCLUSIVE TALKS TO BUY VIRGIN MOBILE
- ORA FP : Orange Studying Purchase of Bouygues Telecom, Les Echos Reports
- ORA FP : Orange Explores Opportunities in Changing French Telecom Market
- PFC LN : Petrofac International UAE Wins $976m Contract in Algeria
- RDSA NA : Shell Lifts Force Majeure on Nigeria Forcados Crude Exports
- ROSN LI : State May Sell 19.5% Rosneft Stake in 2014-2015, Vedomosti Says
- SAP GY : SAP Planning to Cut 1,500-2,500 Jobs: Reuters, Seeks Higher Margin in Cloud Business, Euro am Sonntag Says
- SCAB SS : Svenska Cellulosa CEO Looking for U.S. Acquisitions, DI Reports
- SU FP : Schneider Accepts Carlyle-PAI Offer for Custom Sensors Unit
- FP FP : De Margerie Says Total Culture Is Internal Succession: Tribune
- TUI1 GY : TUI AG 2Q Underlying Ebita Loss Widens, Confirms Forecasts
- VIE FP : Veolia to Renew Singapore Cleaning Contracts, Echos Says