Dow-0,04% S&P-0,08% Nasdaq-0,06% Russell-0,19%
US Market closed slighlty lower but manage to recover from morning lows. indices struggled in the early going after an overnight report from the Financial Times indicated that Greek officials have asked the International Monetary Fund to reschedule debt repayments that will be due in May. The report was denied by Greek Finance Minister Yanis Varoufakis, but European investors displayed caution, which contributed to the lower start in the U.S.a batch of better than expected earnings offset the Greece-related news...Volume were in line with average @ 740mil shares...US after hours CE +14.4%, MAT +6.7%, CHKE +3.4%, PRO -17.9%, STRM -9.3%, AMD -9.0% following earnings/guidance...Late in the US trading session, a report from Fed watcher Hilsenrath pointed to a spate of softer economic data creating some uncertainty among the FOMC members about the timing of the liftoff in rates. The report noted the general increase in economic data shortfalls have reduced expectations of a June liftoff significanly and Sept hike probability has also moved lower. Hilsenrath added that most Fed officials see Q1 slowdown as temporary, but would likely prefer more time to ensure a sustainable rebound is taking place....Shanghai Composite was up over 2% in the morning session and headed for its 6th straight week of gains, rising to fresh 7-year highs just below 4,300. Economic calendar was sparse in both the Asia and US hours, with the focus turning to Friday's US CPI figures. In the mean time, investors on the mainland were enthused by more positive rhetoric from policymakers. China Securities Regulatory Commission (CSRC) Chairman Xiao noted the current bull market would last longer than the last upswing just before the GFC, though he did urge "rational" investing. Separately, the State Council promised to continue to promote steady trade growth, streamlining infrastructure construction at China's ports. Lastly, NDRC said new measures to stabilize growth and support employment, which has been slacking in recent datapoints, were in the pipeline. On the down note, S&P warned more China property developers, particularly in smaller cities, could default this year.
Nikkei -1.05% Hang Seng +0.24% Shanghai +2.20%
RUB $49.9940 EURCHF 1.0351 CHF 0.9577 Eur$ 1.0770 WTI $56.19 (-0.92%)
S&P -0.10% EuroStoxx +0.03% Dax -0.18% SMI -0.18%
Macro :
- Lagarde Says She Won’t Support Greece Missing Payment to IMF
- Risks Ignored in Europe as Bond Buying Distorts Credit Markets
Keep an eye on :
- ABE SM : Abertis Shares Placed at EU16.40 Per Share in Bookbuild
- ANIM IM : Anima Open to Aggregator Role; May Use Debt, Equity Funding: CEO
- ATO FP : Capgemini, Atos in Talks to Buy IGATE, Business Standard Says
- SFER IM : Ferragamo Has No Plan to Cut Prices for ‘Time Being,’ CEO Says
- LG FP : Lafarge to Sell U.S. Plant to Summit as It Seeks FTC Merger Nod
- MRL SM : Merlin Plans to Buy 30% of Testa From Sacyr, Expansion Says
- NESN VX : Nestle 1Q In Line, Shrs May Stay Neutral Today, Exane Says
- POM FP : Plastic Omnium Aims to Double China Sales to EU1 Billion in 2018
- RCL NO : Meyer in Talks With Royal Caribbean on Order: Helsingin Sanomat
- RWE GY : RWE Div. Cut of 26% in 2016 ‘Inevitable’ on Taxes: Berenberg
- SCH NO : Schibsted to Introduce New Class of B-Shares Through Shr Split
- SKFB SS : SKF Sees Unchanged 2Q Demand After 1Q Profit Slightly Below Est.
- SYNN VX : Syngenta 1Q Sales Miss Estimates, Repeats 2015 Outlook ,Syngenta CEO Says Co. Has Mostly Put Together Crop Plans
- UNI IM : UnipolSai Sold Entire Stake in Sorin Through Bookbuilding, UnipolSai Sold Sorin Shrs at EU2.81/Shr for Total EU61.4m