Dow+0.37% S&P +0.18% Nasdaq +0.28% Russell +0.00%
US Market closed higher, Financial stocks within the S&P 500 climbed 0.6% on Monday, bouncing back from last Thursday's modest post-earnings decline. GS is reporting today. Telecoms also retraced a portion of last week's losses in the first session of the week--albeit a relatively small portion. health care sector started the week on the back foot, dropping 0.4%. Retailers underperformed on Monday, evidenced by the 0.7% decline in the SPDR S&P Retail ETF. West Texas Intermediate crude futures rose 0.8% to $51.86 per barrel amid a conflict between Iraqi and Kurdish forces in the oil-rich city of Kirkuk. Afternoon reports indicated that the Iraqi army has taken full control of the city. The energy sector, which typically moves in tandem with the price of crude oil, finished higher by 0.2%. ASIAN EQUITIES – MOSTLY HIGHER following overnight US gains. GREATER CHINA is moderately firmer after a narrowly mixed open. THE YEN is trading firmer, rebounding from overnight declines with euro softer. Crude oil partially retraced yesterday's strength, with gold also weaker. Quiet session with news flow light. Global focus remains on Fed chair succession as John Taylor reportedly made a favorable impression on President Trump during his interview last week. PBoC injected net liquidity for the first time since 19-Sep, while keeping yuan midpoint fixing in narrow range. VIX – SHORTS HIT NEW RECORD HIGH. At the start of 2017, the most optimistic strategist forecast the S&P 500 at 2,500 by year-end. In the last few weeks, the market has not only surpassed that most-exuberant guess, but it has melted up from there with investors entirely unafraid as traders extend their VIX shorts to a new record high.
Nikkei +0.38% HAng Seng +0.02% CSI -0.06% Shanghai -0.21% Shenzen -0.04%
Eur$ 1.1757 CNH 6.6107 CNY 6.6152 JPY 112.25 GBP 1.3253 CHF 0.9788 RUB 57.3699 WTI$ 51.69 -0.35%
S&P -0.03% EuroStoxx +0.03% FTSE -0.10% Dax -0.10% SMI +0.21%
Macro :
- All New Cars to Be at Least Partly Electric by 2050: BofAML (Report Attached)
Keep an eye on :
- ANA SM : KKR Prepares to Sell Stake in Acciona Energia: El Economista
- ACS SM : ACS Wins Support of JPMorgan for Abertis Bid: Expansion
- AIR FP : Boeing Says Airbus-Bombardier Pact Looks Like Questionable Deal, Airbus to Buy Majority Stake in C Series Aircraft Partnership
- AREVA FP : New Areva Wins Nuclear-Reactor Dismantling Contract in Germany
- ASC LN : Asos Full Year Revenue Misses Estimates, Asos Sees Sales Growth Continuing as FY Profit Meets Estimates
- ASY FP : Assystem to Offer to Buy Back Up to 6M Shares at EU37.50 Each
- CO FP : Casino 3Q Sales of EU9.22b Exceed Estimates Casino Sales Beat Estimates on Online, Latam Business: Natixis
- CBK GY : Commerzbank Sees EU176m Exceptional Rev in 3Q From BNP JV End
- CSGN VX : Hedge Fund RBR Is Said to Have Bought Credit Suisse Stake: FuW
- DAI GY : Daimler Recall Covers 495,000 Vehicles in the U.S.: Reuters
- BN FP : Danone 3Q LFL Sales Rise 4.7% vs Est. 3%; Sees >12% EPS Growth
- EDEN FP : Edenred Buys Vasa Slovensko to Become Slovakia Market Leader
- GET FP : Eurostar Q3 Sales Rise 15% on 4% Passenger Growth Driven by U.S.
- HAV FP : Havas Buys 49% Stake in Algeria-Based Agencies Ganfood, HVS
- MONY LN : Moneysupermarket.com Qtr Rev. Rises 6%
- PSON LN : Pearson Narrows FY Profit Guidance to Upper Half of Range
- RCO FP : Remy Cointreau 2Q Sales EU304.1m; Est. EU302.4m Remy Cointreau 2Q Sales Beat Driven by Strong Cognac: Natixis
- REP SM : Repsol 3Q Spain Refining Margin $7/Bbl
- CFR VX : Richemont 6-Month Profit to Rise About 80%, Op. Profit Up 45%
- SRT3 GY : Sartorius Stedim 9-Month Prel. Rev About EU806m, Sartorius Lowers Full-Year Sales, Margin Forecast
- SMIN LN : Smiths Group Appoints John Shipsey as CFO Designate
- TEL NO : Telenor’s Digi 3Q Revenue, Ebitda Fall; Keeps 2017 Outlook
- TEVA IT : New Teva CEO Schultz to Begin Work by End of Month: Calcalist
- TIT IM : Telecom Italia Says Golden Power Applies to Tim, Sparkle, Telsy