Dow +0.53% S&P +0.31% Nasdaq +0.21% Russell -0.10%
US Market closed higher helped by a softer $ and rebound on health care (+0.4%), consumer discretionary (+0.4%), and financial (+0.3%) sectors. Volume were in line with average at 865mil shares. US After hours FNSR +11%, SWHC +7%, ORCL +2% following earnings/guidance; RDEN +50% on agreement to be acquired by REvlon for $14/share (closed $9.31), LOCK+4.6% on Elliott 8.8% stake. Asian equity markets have taken cue from the midday turnaround on Wall St to rally heading into the weekend. Some of the risk-off positions were unwound, as gold retreated by over $25 to $1,280 and S&P futures rose as much as 20pts above 2,070. The possibility of Japan Fin Min intervention in FX space has risen since yesterday's BOJ decision to keep its policy settings unchanged while also upgrading views on certain segments of the economy despite the downgrade in the outlook for inflation. Cabinet Office report from Japan maintained the assessment that economy is in a moderate recovery, cutting the view on corporate profits to "pausing improvement" while also noting CPI rising at a slower tempo. In China, Commerce Ministry's Shen noted research suggests that ODI is pressuring FX reserves, forcing some consideration on whether regulation of those outflows was needed. Shen added that China and US are looking to speed up investment treaty talks.
Nikkei +1.23% Hang Seng +0.58% CSI +0.65% Shanghai +0.52%
Eur$ 1.1246 CNH 6.5961 CNY 6.5874 JPY 104.36 GBP 1.4250 CHF 0.9647 RUB 65.5816 WTI$ 46.64 (+0.93%)
S&P +0.07% EuroStoxx +1.15% Dax +0.89% SMI +1.15%
Macro :
- Japan’s Pensions Bought Local Shares, Sold Bonds Last Quarter
- Yen Erases Losses as Bulls Ignore Japan’s Warning on Strength
Keep an eye on :
- ALV GY : Allianz Likely to Pursue Bolt-On M&A in Europe, Berenberg Says
- MT NA : ArcelorMittal to Divest Two French Units, Figaro Reports
- EN FP : Bouygues Telecom Confirms 98%-99% 4G Coverage Target by End 2018
- KO US : Philadelphia Hits Soft-Drink Industry With Historic Tax
- CBK GY : Commerzbank to Combine Retail Ops Under Single IT Platform: BZ
- CSGN VX : Qatar Increases Stake in Credit Suisse, SEC Filing Shows
- DL NA : Delta Lloyd Sells 30.2% Shareholding in Van Lanschot
- EDF FP : France’s RTE Unions Reject Stake Sale to Private Company: Echos
- ERICB SS : DOJ, SEC Said Probing Ericsson for Alleged Corruption: SVD
- ERF FP : Acquires laboratory service provider Bureau de Wit; Terms undisclosed
- GAM SM : Siemens Said to Give Gamesa $1b Cash in Wind Deal
- GAM SM : Gamesa board approves capital increase involving Siemens renewable energy unit - report
- HEI GY : Heidelberg to sell off Italcementi Belgian assets in July -Il Sole 24 Ore
- DEC FP : JCDecaux: Would Have to Reconsider U.K. Investments With Brexit
- KU2 GY : Germany Mulls Tougher Laws to Shield Cos From Foreign Buyers: HB
- LISN SW : Lindt Expensive and Unloved on Concern Organic Growth May Slow
- MOS US : Mosaic Enters Talks to Buy Vale’s Fertilizer Unit, Reuters Says
- ORCL US : Oracle 4Q Adj. EPS Misses Est., Revenue Beats
- ORA FP : Arcep Examines Revised Mobile Network Sharing Contracts
- RCS IM : Cairo Communication Seen Raising Offer for RCS: Repubblica
- RDEN US : Revlon to Buy Elizabeth Arden for $14/Shr in All-Cash Deal
- SAF FP : Safran to Draw Up Short List of Morpho Bids by End-June: Figaro
- SAL IM : Salini Impregilo’s Led Consortium Wins $955m Contract in Kuwait
- TUI LN : TUI Sees Record Bookings in 2016 as More Travel to Spain: RP
- VAN NA : Delta Lloyd Sells 30.2% Shareholding in Van Lanschot
- VOW3 GY : Piech, Porsche Families Not Seeking Zero-Dividend at VW: Bild
- WDI GY : Wirecard CEO says much interest from strategic investors; US acquisition possible - Boersen-Zeitung