US Market was volatile, managed to trade in positive territory during the day before the last hour sell off, Russia & Oil was still the main catalysts for pushing world market lower, cyclical sectors could not stay out of the red with consumer discretionary (-1.6%), financials (-1.0%), and technology (-1.5%) driving the market to fresh lows during afternoon action...the industrial ended on its flat line, owing its outperformance to defense contractors, and specifically, shares of Boeing +1,8%, Energy closed in positive territory after a rebound on crude but this move look difficult to hold higher levels...Volume were above average @ 996m shares...VIX @ 23,57 +15,43%...US After Hours PLAY +7.7%, DRI +2.0%, RT -5.1%, CFX -1.7%, HEI -1.0% following earnings/guidance...Asian indices are modestly higher despite the final hour selloff on Wall St and continued uncertainty surrounding Russia, with short-covering flows heading into Wednesday's FOMC policy statement. According to some surveys, more analysts are leaning in favor of the FOMC eliminating the "considerable time" language which would likely pave the way to the first rate hike some time in Q2 of next year, Asia Development Bank lowered developing Asia GDP forecast to 6.1% from 6.2% prior and 2015 to 6.2% from 6.4% made in September...Japan put out a lower than expected trade deficit even though exports growth of 4.9% was below 7.0% expected, as imports registered an outright contraction of 1.7% against expected rise of 1.6%...Nikkei +0.38%...Hang Seng -0.27%...Shanghai +0.30%
--> As everybody is focus on Russia RUB @ 71.4 WTI @ $55.70 Brent @ $60.15
Eur$ 1.2478 S&P +0.36% EurosToxx -1.41% DAX -1.2% SMI -0.63%
Macro :
- Coeure Sees ‘Broad Consensus’ in ECB on More Stimulus: L’Opinion
- S&P Lowers Crude Oil Assumptions for WTI, Brent for 2015, 2016
Keep an eye on :
- AFR LN : Afren rallied on Madagascar Discover (yest)
- ALO FP : Alstom Power Ltd Said to Face New Charges From U.K. SFO: FT
- EN FP : Bouygues Telecom in Partnership With Spotify, Les Echos Says
- BVD FP : Belvedere planning assets sale worth more than EUR 20m - Company press release
- CGL LN : Catlin rumoured to be in line for takeover approach - FT
- CRH LN : CRH, Blackstone, CVC May Bid for Holcim-Lafarge Assets: Reuters
- DGE LN : Ex-Diageo CEO Said to Walk Away From Formula 1 Chairmanship: FT
- ELEB BB : Electrabel Reactor Safety-Case Methodology Not Mature: FANC Link
- FNC IM : Finmeccanica Says It Received Insigma Offer for AnsaldoBreda
- HAW GY : Hawesko Says Permira Has No Intention to Bid for Co.
- RMS FP : Hermes closed +1,52% , 773k shares traded
- MEO GY : Metro would not rule out eventual Kaufhof sale; not actively looking for buyer - Rheinische Post
- OLE SM : Deoleo Board Says Improved Bid From Ole Is ‘Positive’
- PHIA NA : Philips to Buy Volcano for $18/Shr in Cash / +56.7% Premium vs yest close (VOLC US / Medical Devices) / $1bil deal
- PUM GY : Puma Signs Rihanna as Global Brand Ambassador
- REP SM : Talisman CEO Confident of Canadian Approval of Repsol Takeover
- SBMO NA : SBM Offshore Reiterates 2014 Sales Outlook
- SCHP VX : Schindler May Be Takeover Target for PE, CEO Napoli Tells FuW
- SIK VX : Sika Board to Meet Investors on Planned Saint-Gobain Deal
- SN/ LN : Philips/Volcano deal could helped the stock, +3% yest.news that Stryker had increased the size of a short-term debt fundraising to $1.25bn from up to $500m. Stryker has been free under Takeover Panel rules to bid for S&N since late November
- UCG IM : UniCredit CEO Rules Out 4Q Writedowns for Russian Unit
- DG FP : France Made Secret Agreement With Highways 2H 2013: Echos
- WPP LN : WPP Said to Name Roberto Quarta Chairman, Replacing Lader: Sky