US Market closed Flat fpr S&P, small Lower for Dow and 1.25% higher for Russell, Mkt was weak but rebound on Bullard comments, he said the Fed should consider delaying the end of its Quantitative Easing program, which is set to wind down at the October FOMC meeting. The market jumped from lows in reaction to the comments, but it is worth noting that Mr. Bullard is not a voting FOMC member this year and only an alternate voter on next year's schedule. The non-voter status did not get in the way of a surge in equities while Minneapolis Fed President (and FOMC voter) Kocherlakota provided a similar view, saying there is more the Fed can do to achieve maximum employment. NFLX-19.4%, AAPL -1.3% (new iPad), GOOGL -0.8% ahead of numbers...stock was down more than 2% after Hours on non inspiring numbers...Volume were again above 1bil shares...VIX @25.20 -4%...US After Hours: QLGC +8.4%, XLNX +3.4%, AMD -4.9%, SNDK -4.8%, COF-2.5%, GOOG -2.1% following earnings/guidance...CF US -3.9% After Hours on Termination of Merger with Yara... In Japan, Kuroda reiterated the central bank will continue easing until 2% inflation target is stable. Regarding the second sales tax hike, he said it would be difficult to respond if confidence is hurt by delaying tax hikes...Nikkei -1.05% Hang Seng +0.27% ...Shanghai -0.72%
Eur$ 1.2806 S&P +0.18% EuroStoxx-0.45% DAX -0.36% FTSE -0.45% SMI +0.20%
Macro
- Bullard ‘Nervous’ of Fed Staying at Zero as Economy Improves
Keep an eye on :
- AC FP : Accor 3Q Rev. In Line With Ests., Confirms 2014 Forecast
- AIR FP : Airbus to Raise India Plane Sales Forecast: Mint Link
- AIR FP : Airbus Signs Contracts Worth EU1.3b for 6 Weather Satellites
- BAER VX : Julius Baer Sees ‘Double-Digit’ China Stock Gains, Varnholt Says
- DELB BB : Half of Delhaize Belgian Stores Shut Today in Protest: Tijd Link
- DIOR FP : Christian Dior: 1Q Fiscal Yr ’14-’15 Rev. EU7.8b, Up 6%
- ELI1V FH : Elisa 3Q EPS, Net Beat Analyst Ests.; Raises Profit Forecast
- EO FP : Faurecia 3Q Sales EU4.39b vs EU4.12b Y/y; FY Targets Confirmed, CFO Sees 1% Reduction of FY 2014 Rev. on Fx
- F IM : Fiat Chrysler CEO Marchionne Buys 6.83m Company Shares: Filing
- NHH SM : Sells 97% stake in Sotogrande to Cerberus and Orion for €225M (implies share value of €4.22)
- SBRY LN : Rumors of Potential deal next week, Qataris mentionned of course, 2007 they made a £6/share bid
- TEF SM : Telefonica Said to Plan Cutting ~20% of German Jobs After E-Plus
- TLSN SS : TeliaSonera 3Q Ebitda Slightly Above Est.; Outlook Maintained
- TOM NO Tomra 3Q Net Income NOK131m vs Est NOK135m
- YAR NO : *YARA INTL. TERMINATION OF MERGER TALKS W/ CF INDUSTRIES