US Market closed higher even with small cap weakness (Russel 2000 -0.2%), Energy took the lead (+1.6%) with crude trading higher, healthcare was weak (-0.3%), volume were light @ 660mil shres, AAPL was trading well al day but finished on lows...VIX @ 11 -8%...Sandisk -8% after hours on earnings, Yum Brands -2% on earnings China State Council indicated it will continue to promote targeted economic stimulus measures, also maintaining its commitment to achieve 7.5% 2014 GDP target after matching that level in Q2 GDP report overnight. Beijing reiterated it will push forward railway, city infrastructure, water conservancy projects...Nikkei -0.07% (JPY weaker vs Euro ) Hang Senf -0.21% Shanghia-0.73%
Eur$ 1.3524 S&P -0.3% EuroStoxx -0.47% FTSE -0.24% DAX -0.27% SMI -0.34%
Macro
- Beige Book: Economy Kept Growing Across U.S. in June, Early July
- ECB Is Found Too Timid by Many in Poll as Europe Outlook Worsens
- Fed Is Too Loose With Monetary Policy for Most in Global Poll
Keep an eye on :
- AKSO NO : Aker Solutions 2Q Ebitda Ex-Items NOK936m vs Est. NOK1b
- AZN LN : AstraZeneca CEO Sees Good Chance of Boosting Profitability: BAZ
- BALSN SW : Basilea Files Isavuconazole EMA Application for Mold Infections
- BARC LN : Barclays, Deutsche Bank Said to Face U.S. Senate Hearing on Tax
- BES PL : Portugal Telecom Board Discussed Taking Legal Action Against BES
- BES PL : Said to be seeking to sell some of its non financial assets in Brazil in efforts to raise BRL1B; may seek to sell other assets and stakes in other firms to pay down debts - financial press - Banco Bradesco reportedly intends to end its PE firm agreement with BES but will not immediately adjust stake in the company
- BIM FP : BioMerieux 2Q Sales Rise; Maintains Organic Growth Forecast
- BP/ LN : to invest $10b in egypt.
- CA FP : Carrefour 2Q Total Sales Beat Ests.
- DAI GY : Smart to Contribute to Earnings, Daimler CEO Says
- DAI GY : Daimler CEO Says Draghi Doesn’t Need to Act to Lower the Euro
- DAI GY : Daimler May Lose Option to Buy 23.6% Stake in KamAZ: Vedomosti
- DETNOR NO : Det Norske 2Q Net NOK167m Beats Est. for Loss; Output 2.7kboe/d
- EDP PL : EDP Renovaveis 1H Electricity Generation Rises 6% to 11 Twh
- FERR IM : Italy’s Ferrero Acquires 100% of Turkish Hazelnut Group Oltan
- GIVN VX : Givaudan 1H Sales in Line; Ebitda, Net Income Beat Estimates
- ITV LN : Liberty Global in Talks to Buy BSkyB’s 7.2% ITV Stake, Sky Says
- NDA SS : Nordea 2Q Net Beats Est.; NII Slightly Below
- NOVN VX : Novartis 2Q Core Op. Income, Sales Below Ests., Keeps Core Oper. Income Forecast, Narrows Range
- NSG NO : Norske Skog 2Q Ebitda Nk251m Vs Est Nk235.2m
- PIA IM : Piaggio Signs Credit Line With Pool of Banks for Up to EU250m
- PTC PL : Portugal Telecom Board Discussed Taking Legal Action Against BES
- REP SM : Canary Islands Pressures Repsol Shareholders, Economista Reports
- RNO FP : UK Exec: Forecasts 2014 car and van sales in the UK +40% y/y
- SAP GY : SAP 2Q Operating Profit In Line, Software Revenue Beats -->2Q Results Broadly In Line Is Good News CBK say
- SHBA SS : Handelsbanken 2Q Net, Fees Top Ests.
- SLIGR NA : Sligro Says Consumers Remain Cautious About Spending
- TLSN SS : TeliaSonera Cuts 2014 Outlook Due to Lower Revenues in Spain
- TTI GY : Tom Tailor 2Q Retail Sales Rise 0.8% to EU150m
- UCG IM : Said to have gotten three or more binding offers for UCCMB debt collection unit - press - Said to have gotten bids from Apollo, Fortress and Prelios consortium, and Cerberus and Jupiter consortium.
- ZIGGO NA : Ziggo 2Q Sales, Adj. Ebitda Beat Ests; Keeps 2014 Forecast