Dow-1.43% S&P-1.33% Nasdaq-1.35% Russell-1.04% VIX 18.94 (+6.05%)
US Market Closed lower, erasing its entire post Fed advance, S&P closed back below its 50d & 200d MA. Higher cost of financing & Higher USD was to blame to weight on sentiment. Crude lsot 1.7% to $34.95/bbl ($34.64 lows), Energy sector -2.5%. Technology -1.6%, AAPL -2.1%, ORCL -5.1% on Earnings. FDX+2% on Earnings. consumer staples (-1.3%), telecom services (-1.0%), and health care (-1.1%) registered slimmer losses than the broader market while the utilities sector (+0.1%) outperformed thanks to lower yields. Volume were above average @ 920mil shares. US After Hours RHT +6.5%, DLTH +3.5%, AIR +1.2%, DYSL -27%, KNX -10.2% on earnings...Post-FOMC volatility in Asian indices is more subdued than in the US markets, where the initial post-liftoff gains have been completely erased in Thursday's rout. China markets are little changed heading toward the close, with positive property sales data offsetting the troubling Beige Book report. Bank of Japan maintained its overall QQE program of expanding monetary base by an annual ¥80T, but also unveiled a new ¥300B ETF purchase program that will commence at the start of next FY in Apr of 2016. The decision for these new purchases that will track JPX-Nikkei Index 400 was approved by a 6-3 margin.
Nikkei -1.90% Hang Seng -0.05% Shanghai +0.13%
Eur$ 1.0854 CNY 6.4788 JPY 122.08 GBP 1.4941 CHF 0.9939 RUB$ 71.0450 WTI $34.83
S&P-0.26% EuroStoxx-0.99% Dax-0.85% SMI-0.53%
Macro :
- China Beige Book Shows ‘Disturbing’ Economic Deterioration
- Cameron Claims Momentum as EU Offers Compromise on U.K. Demands
- One of the Last Metal Hedge Funds Says China to Bring More Pain
- BlackRock’s $32 Billion Hedge-Fund Unit Has a Little Problem
- China Studies Merger of Aluminum Producers to Cut Capacity: 21st
- Fredriksen Establishing Co. to Buy Distressed Rig Assets: DN
Keep an eye on :
- ABG SM : Banks Agree on a EU113M Credit to Abengoa, Confidencial Says
- AF FP : Air France Has No Plans for Employee Referendum: L’Opinion
- AREVA FP : Areva Sees Narrower Negative Net Cash Flow From Ops in 2015
- BAS GY : BASF’s Gandhi Doesn’t See Hard Landing in China: Handelsblatt
- CRG IM : Banca Carige CEO says group open to mergers but does not rule out standalone strategy - Il Sole 24 Ore
- GBF GY : Bilfinger Said to Have Two Bidders for Water Business: FAZ
- EDF FP : EDF Sees Almost Stable Revenue in France in 2016, Echos Says
- FCC SM : Board said to approve capital increase of up to €710M - press
- BAER VX : DBS, Julius Baer May Bid for Barclays Asia Wealth Unit: Reuters
- MDG GY : CEO Mathias to leave the company; names Schendel as CEO effective Feb 1
- MUV2 GY : Warren Buffett disclosed lowered stake to 2.46% from 3.04% (Took a 10% in 2010)
- ORA FP : Orange Fine Won’t Severely Hurt Co., Regulator’s Lasserre Says
- RNO FP : Renault Accelerates EU1.2B of Clean Engine R&D Investments
- RR/ LN : Wartsila could acquire Rolls-Royce’s marine business or MAN power engine business
- SAF FP : Future Safran Profit Powered by Rising Narrow-Body Production
- SBMO NA : SBM Offshore Believes Brazil Allegations Are ‘Without Merit’
- SDRL NO : Seadrill Partners to Cut Qtrly Distribution to $0.25/Unit
- SHA GY : Schaeffler Makes EU230m Provision for Possible Legal Risks
- SRG IM : Snam Completes Purchase of 20% of TAP From Statoil for EU130m
- STAN LN : StanChart May Attract Bidders as Its Situation Worsens: CLSA
- TFI FP : French Regulator Allows LCI to Become a Free-To-Air Channel
- RIGN VX : Transocean Says Swiss Exchange Approves Delisting
- VWS DC : Vestas Gets 100MW U.S. Order From Undisclosed Customer
- VIV FP : Vivendi Acquired 64.4% Stake in Radionomy Group
- VOW3 GY : Musk Asks Calif. to Force VW to Make More E-Cars: Handelsblatt
- VOW3 GY : Names Ken Feinberg to create a fair and independent process for resolving claims over VW diesel cheating scandal - press - Feinberg has handled similar claims resolution procedures for the BP Gulf of Mexico oil spill and the GM ignition switch recall
- WHA NA : Third Avenue Fund’s Stake in Wereldhave Falls, AFM Filing Shows
- ZURN VX : Zurich to Buy RCIS From Wells Fargo for $675M, Excess Capital