Dow+1.38% S&P+1.39% Nasdaq+1.15% Russell+0.83% VIX 18.16 (-9.56%)
US market start the week on +ve note. Overnight, it was reported that the Japanese economy has re-entered recession for the second time in as many years as Q3 GDP contracted 0.2% quarter-over-quarter (expected -0.1%; last -0.3%),but this news boost hope for more monetary support from BOJ. Energy leaded the move(+3.3%), aided by a 2.5% spike in crude oil, which put a sizable dent into last week's 8.2% decline. For its part, the energy sector was able to erase almost half of its 5.5% drop from last week. Volume were in line with average @ 830mil shares. US After Hours HOTR +11.5%, NUAN +7%, TGLS +4.1%, URBN -11.5%, SPHS -9%, A -1.4% following earnings/guidance, OCRX +26.6% on Positive phase 1, HERO+2% on Soros 7% Passive stake. Traders have attributed the rebound to clear signs of willingness to step up offensive against the militants and also the rising possibility of more easing by the ECB along with a potential delay to liftoff at the Fed. Hang Seng and Shanghai are among the strongest markets, with the PBoC reportedly announcing an additional targeted RRR cut of additional 50 bps for the Bank of Beijing to 14% so as to help lending to rural sector of the economy. In Jap., Econ Min Amari did acknowledge that an extra budget may now be called but added fiscal consolidation remains critical. Going into the BOJ meeting this week, reports of fiscal stimulus in the pipeline will likely temper already slim expectations of an announcement of expansion of QE by Japan's central bank.
Nikkei +1.22% Hang Seng +1.49% Shanghai +0.26%
Eur$ 1.0671 JPY 123.39 CNY 6.3763 GBP 1.5177 CHF 1.0113 RUB $65.5219 WTI $ 41.69 (-0.02%)
S&P +0.10% EuroStoxx +1.43% Dax +1.29% SMI +1.29%
Macro :
- China Investors Go Missing From Hong Kong Stock-Trading Link
- Treasury Volatility Falls to 2015 Low as Consensus on Fed Grows
- Global Economic Cost of Terrorism at Highest Since Sept. 11
- French Defense Ministry: IS Command, Training Centers Destroyed
Keep an eye on :
- ABI BB : AB InBev CEO Brito Sells EU22.6m Stock After Exercising Options
- BALN VX : Baloise 9m Solvency 1 Ratio 341%; Sticks to Outlook
- CLLS US / ALCLS FP : Cellectis 3Q Total Rev. & Other Income EU9.98m
- CWC LN : Liberty Global Says Deal Values CWC at Equity Value $5.3b
- AM FP : Liberty Global Says Deal Values CWC at Equity Value $5.3b
- GEN DC : Genmab/J&J Cancer Drug Approved by FDA More Than 3 Months Early
- IBE SM : Iberdrola to Get $34m From Bolivia on 2012 Nationalizations:Rtrs
- ITP FP : Interparfums Sees 2016 Sales of EU340m, Up Almost 8%
- SBMO NA : SBM Receives Formal Invitation to Tender for Sepia, Libra FPSOs
- SHP LN : Shire Entry Point Seen Attractive After Sector Pullback: Leerink
- HOT US : Hyatt Said to Have Made Last-Minute Bid for Starwood, DJ Says
- UBSN VX : UBS Agrees to Buy Santander Private Banking Italia Unit
- UTDI GY : United Internet 3Q Ebit Beats Ests.; Keeps Outlook Unchanged
- VIV FP : Vivendi Had No Contact With Niel Or Other Parties Re Tel Italia
- VOW3 GY : *VW’S OCTOBER EUROPEAN MARKET SHARE FALLS TO 25.2% FROM 26.1%