US Market Rebound slightly after more than a week of correction, investors waiting for FOMC this afternoon, Small cap lead the move like in most rebound this year, most sectors were up except the last few outperformers (Energy & util), Volumes weres till below average @ 600mil shares...VIX @ 12.06 -4.66%...After Hours Adobe +9.2% on better numbers...BOJ Meeting Minutes saw members agree the impact of sales tax hike is within expectations, potentially foreshadowing a Q2 contraction that would not be deeper than expected, inflation expectations are rising and exports expected to increase moderately Today's Japan merch trade data was also mixed - deficit was smaller than expected, but both imports and exports fell (imports marked 1st decline in 19 months and exports saw 1st decline in 15 months)...- USD majors are in narrow ranges going into today's FOMC meeting. EUR/USD and USD/JPY in 10-pip ranges below $1.3550 and ¥102.22. AUD/USD and NZD/USD in 15- pip ranges below $0.9345 and $0.8665. USD was higher across the board after the US CPI data, with the yield on the 10-year rising to 1-month high of 2.66%.
Eur$ 1.3545 Fut. S&P +0.06% EurStoxx +0.20% FTSE +0.24% DAX +0.25% SMI +0.10%
Macro
- Obama Said to Consider Some Airstrikes on Sunni Militants: NYT
- China May New Home Prices Fall M/M in 35 Cities
Keep an eye on :
- ALO FP : GE Is Set to Make New Alstom Offer on June 20, (Le Figaro), Agree on Rail-Signal Unit Value in Bid Sweetener
- ALO FP : Mitsubishi Heavy CEO Says Alstom Must Remain French: Le Figaro
- MT NA : ArcelorMittal says not planning acquisitions after rumour regarding Condesa takeover - De Financieele Telegra
- EN FP : Bouygues Wants to Keep Its 29% Alstom Stake, Le Parisien Says
- ALCLS FP : Pfizer to Buy ~10% Cellectis Stake at 49% Premium {NSN N7COHG6JTSFB <go>}
- EOAN GY : Finland in Talks to Buy EON’s Gasum Stake: Helsingin Sanomat
- FUM1V FH : Sell Fortum, Should Not be Valued on Unsustainable Dividend: UBS
- F IM : Generali reaches agreement to sell BSI to Banco BTG Pactual
- MB IM : Mediobanca Says It's Begun Arbitrage on Carige Shares, Options
- NOVN VX : Novartis Expects to Improve Core Operating Income Margin
- RHM GY : Rheinmetall About to Sign EU2.7b Algeria Tank Deal: Handelsblatt
- RI FP : Pernod Ricard Plans to Cut 60 Jobs in Creteil, Marseille: AFP
- SU FP : Schneider to Cut About 200 Jobs in France, Les Echos Says
- SIE GY : Siemens CEO Kaeser Says Alstom Train Deal to Come Later: Figaro
- TEF SM : Telefonica Makes Binding Offer of EU295M For 22 Percent of DTS
- VOW3 GY : Volkswagen Recalls 18,276 Up Model Cars in Japan for Gearboxes