Dow+0.64% S&P+0.54% Nasdaq+0.51% Russell+0.63% VIX 14.81 ...Market is waiting for FOMC
US market closed higher, settle above 100d MA, Equity indices began the day near their flat lines and rallied throughout the day, unperturbed by the lack of progress between Greece and its creditors. Furthermore, the rhetoric in Athens intensified with Greek Prime Minister Alexis Tsipras saying the International Monetary Fund bears "criminal" responsibility for the current state of the Greek economy. Mr. Tsipras' remarks were made in front of the Greek parliament with the premier adding that another round of elections is not in the cards. Volume were above average @ 640mil shares US After Hours BOBE +4.0%, ITI +1.1%, DTEA -11.0%, LZB -4.2%, NR -3.5%, ADBE -1.6% following earnings/guidance...Asian indices remain mixed going into Wednesday's crucial FOMC policy update, with Australia outperforming and Shanghai Composite extending its decline to a 2-week low below 4,800. Losses on the mainland remain heavy despite outsized gains for one of China's top banks - BoCom - receiving approval from regulators to optimize the shareholding structure...Japan May merchandise trade deficit was smaller than expected, but both import and export components undershot expectations, revealing continued hardship in Asia's 2nd largest economy in spite of the recent acceleration in yen selling. Exports growth of 2.4% also marked a 9-month low, with exports to US slowing to just 7.4% v 21.4% prior and exports to Europe remaining nearly flat. Shipments from Japan to China also slowed from 2.4% to 1.1%.
Nikkei -0.16% Hang Seng +0.71% Shanghai -0.18%
Eur$ 1.1245 JPY 123.54 GBP 1.5634 EURCHF 1.0475 RUB $53.82 WTI $60.04 (+0.12%)
S&P +0.08% EuroStoxx +0.32% DAX +0.53% SMI +0.10%
Macro :
- France’s Sapin Says Greece Agreement Needed by June 30: Figaro
Keep an eye on :
- ABI BB : AB InBev CEO Prefers Acquisitions That Are ‘Near Beer,’ FT Says
- AIR FP : Airbus to Scale Back Job Cuts by About 14%, FT Says
- AF FP : Air France Wants Govt to Cut Airport Fees, Les Echos Says
- ALU FP : Alcatel CEO Says Seeing Nokia Deal Through ‘Only Priority’
- AIE LN : *KEYSIGHT TECH OFFERS 126P IN CASH PER ANITE SHR !!!!!
- BMW GY : Rolls-Royce Won’t Sell Car for Less Than EU200,000: Handelsblatt
- BMPS IM : Monte Paschi Could Name Modiano New Chairman: Messaggero
- DTE GY : German Mobile Spectrum Auction Reaches EU4.2b After 154th Round
- EUCAR FP : Europcar IPO Covered on Full Deal Size, Terms Show
- IMT LN : *IMPERIAL TOBACCO MAY BECOME TGT FOR FURTHER SECTOR M&A: GOLDMAN --> Added to conviction Buy List
- LIN GY : Linde Seeks to Enter China Market Using Lincare Business: FT
- NESN VX : Nestle Cuts African Workforce by 15%, FT Says
- NOK1V FH : Nokia CEO Says Strategic Analysis Ongoing for Co.’s Here Unit
- OMV AV : OMV Said to Work With Barclays to Sell Stake in North Sea Field
- PNN LN : *SELL PENNON, SHARES ABOVE PRIVATE EQUITY VALUATION: GOLDMAN
- RXL FP : *REXEL PULLBACK AN ATTRACTIVE ENTRY POINT, MORGAN STANLEY SAYS
- RCO FP : Remy Cointreau FY Current Oper. Profit Beats Ests.
- SIE GY : Siemens Unlikely to Make Large Software Acquisition Soon: CEO
- GLE FP : SocGen Aims for ‘Strict Discipline’ in Costs and Risks
- TLV1V FH : Finnish Govt Funding to Talvivaara May Rise: Helsingin Sanomat
- VIV FP : Vivendi Plans to Raise Stake in Telecom Italia to 10%-15%: Rtrs