US Market closed higher with Russell up +3,10%, FOMC helped the market to rebound, As expected by some, the Fed removed the "considerable time" language from its policy statement, but that reference was replaced with a call for "patience," which essentially conveyed the same message. Above all, Chair Yellen reiterated that the central bank will remain data-dependent and reserves the right to accelerate, or defer, a rate hike in accordance with what the data are communicating about the progress being made toward the Fed's dual mandate (main point from Yellen : replace "considerable time" with "patient in beginning to normalize the stance of monetary policy" and also"patient" means the Fed will not begin normalization process 'at least for the next couple of meetings', and in the Q/A Yellen affirmed that a "couple" means "two") , the energy sector (+4.2%) paced the advance and ended near its high even as crude oil slumped into the close, ending higher by 1.0% at $56.44/bbl...volume were above average with more than 1bil shares traded...VIX @19,33 -17,99%...US After Hours ZAGG +16.3%, AKS +5.8%, JBL +4.6%, ORCL +4.5%, MLHR -5.8%, KEX -5.7% following earnings/guidance ...Havanes Cigars soon in the US...Thanks Mr President...Cuba normalisation could add few GDP points to the US...Nikkei is leading move in Asia after US perf. & Yellen comments...Chinese Yuan was a mover againt the USD, Q4 Beige Book suggested the economy is stabilizing as wages and job growth was stable and profitability recovered. Moreover, Beige Book recommended that the PBoC hold off on further easing...Nikkei +2.32%...Hang Seng +1.03%...Shanghai +0.32%
RUB/USD@ 60 Crude WTI @ $56,45 Brent $61.48
Eur$ 1,2338 S&P -0.01% EuroStoxx +0.95% Dax +0.87% SMI +0.60%
Macro :
- Fed Drops ‘Considerable Time,’ Pledges Patience on Rates
- China Beige Book Finds China’s Economy Stabilizing on Services
- Dark Pools in Spotlight as EU Moves to Fortify Financial Markets
- Obama Acts to End More Than Half-Century U.S.-Cuba Estrangement
Keep an eye on :
- ABBN VX : ABB Board Proposes Former Shell CEO Peter Voser as New Chairman
- CS FP : Axa added to Goldman Pan-Europe Conviction Buy List
- BALN SW : Baloise Says Schiltknecht to Be CEO of Basler Germany From May
- BARC LN : Barclays CEO Says Universal Banking Model Dead: FT
- CATL LN : XL Bid Would Be Good Outcome for Catlin, Makes Sense, UBS Says
- DEXB BB : Dexia Denies Talks With Bank of Jerusalem on Dexia Israel Stake
- ENEL IM : Italy said to weight stake sales in Co. subject to market
- ENI IM : Italy said to weight stake sales in Co. subject to market
- GET FP : France’s SNCF Studying Use of Eurostar Preemption Right: Echos
- GSZ FP : Belgium to Extend Life of Doel 1 and 2 Reactors to 2025: Tijd
- IIA AV : Immofinanz 2Q Net Loss EU14.6m; Sees Negative Ruble Impact
- NOVN VX : Novartis Sues Actavis Over Gilenya Patent Infringement
- PHIA NA : Philips Said to Get 4 Indicative Bids for Lumileds, FD Reports
- PTC PL : Dos Santos Has to Raise PT Bid to Avoid Mandatory Offer: CMVM
- SNE US : U.S. Said Set to Blame North Korea for Cyber Attack on Sony, Sony Cancels Release of ‘The Interview’ as Theaters Back Out
- SYNN VX : Syngenta Drops Suit Against Bunge on GMO Corn: Reuters