Dow+1.59% S&P+1.65% Nasdaq+2.21% Russell+1.54%
US MArket Closed higher helped by rebound of oil, WTI crude ended its day higher by 5.5% at $30.65/bbl, on speculation that OPEC ministers would convince Iran to cooperate on a production freeze. However, while Iran voiced support for market stabilization efforts, the country has yet to agree to take part in yesterday's proposed production freeze. Energy (+2.9%) and technology led the other sectors while materials (+2.0%) and consumer discretionary jockeyed one another. On the flipside, countercyclical utilities (-0.2%), telecom services (+0.3%),consumer staples (+1.0%), and health care (+1.3%) rounded out the board. IBB+2.9%. Volume were in line with 1.2bil shares. UsAfter Hours CVO +73.6%, CLD +17.3%, GLOB +11.1%, LDRH +10.7%, JACK -19.5%, TYL -10.6%, ARRS -10.5%, CSLT -5.4%, IM+23% on Tianjin bif @ $38.90, ATHX+21% on Phase 1 results, AERI +17% on +ve phase 3, ANAD +8.5% on improved bid @0.78/sh (vs 0.66). Asian equity markets continue to march higher, buoyed by another strong session of gains on Wall St. Oil prices are still trending upward, as Iranian officials appear to have given a nod to efforts to stabilize the market. Post-close API inventories also showed a surprising draw. The latest set of Fed meeting minutes also predictably underscored increasing concern about the impact of global volatility on US economy and inflation, with many members judging that volatility has increased. China CPI hit a 5-month high but miss consensus at 1.8% V 1.9%E, with m/m CPI maintaining 0.5% growth as in December. In Japan, January merchandise trade balance was slightly better than consensus, but components were again underwhelming. Exports fell -12.9% v -10.9%e and Imports fell -18.0% v -15.8%e, with shipments to Asia and China down over 17% and those to US and Europe down in mid-single digits.
Nikkei +2.28% Hang Seng +1.90% Shangai -0.28%
Eur$1.1145 CNH 6.5227 CNY 6.5178 JPY 113.76 GBP 1.4281 CHF 0.9906 RUB$ 75.3324 WTI$ 31.18(+1.48%)
S&P +0.09% EuroStoxx +0.28% Dax +0.13% SMI -0.37%
Macro :
- Finra Set to Vote on Bond Markup Disclosure Rules, Ketchum Says
- Dombrovskis Says EU Must Continue Work on Cleaning Up Bad Loans
- Brazil Cut to BB From BB+ by S&P
- Saudi Arabia Cut to A- from A+ by S&P, Outlook to Stable
- Moscovici Sees ‘No Bias’ Against U.S. Firms in EU Tax Probes
- Germany’s Gabriel Wants Re-Industrialization of EU: Handelsblatt
Keep an eye on :
- ABN NA : ABN Amro CEO, CFO Buy Company Shares, Regulatory Filings Show
- AC FP : Accor 2015 Ebit In Line With Ests., Sales Miss
- AF FP : Air France-KLM 4Q, 2015 Ebitda, Rev. Beat Ests.
- BAMNB NA : BAM Posts 2015 Profit, Expects 2016 Pretax Result to Rise
- CAP FP : Cap Gemini 2015 Sales Rise 12.7%; Div. Plan Beats BDVD Forecast
- CWI AV : Conwert Plans Squeeze-Out of ECO Business-Immobilien Holders
- CSGN VX : Credit Suisse Investor Harris Backs Thiam on Overhaul Plans
- DB1 GY : Deutsche Boerse Targets 10%-15% Profit Growth in 2016
- ELG GY : Elmos 4Q Sales Rise 3%; EPS Down 31%; Sees Moderate Rev. Growth
- ERA FP : Eramet 2015 Ebitda EU92m vs EU363m Y/y
- FDR FP : Fonciere Des Regions 2015 Recurring Net Rises 6% to EU333m
- FNAC FP : Fnac 2015 Rev. Misses Ests., Says Darty Purchase on Track
- GET FP : Groupe Eurotunnel FY 2015 Net EU100m; Est. EU115m
- KBC BB : KBC 4Q Net Misses on Goodwill Impairment; CET1 Climbs to 14.9%
- NESN VX : Nestle 2015 Organic Sales Growth In Line With Ests. Nestle Sees 2016 Organic Growth In Line With 2015
- NEX FP : Nexans 2015 Operating Loss Widens, Confident of 2017 Targets Nexans Chairman Frederic Vincent to Retire March 31
- OMV AV : OMV 4Q Adj. Net EU180m vs Est. EU145m; Proposed Div. EU1/Share
- ORI SS : Oriflame 4Q Ebitda Meets Estimates, Sales Below
- RAND NA : Randstad Reports Solid 4Q; Revenue Matches Est., Dividend Beats
- TTK GY : Takkt 2015 Sales In Line With Ests.; Ebitda, Ebit Beat, Takkt Plans 35%-45% Dividend Payout Ratio to Ensure Consistency
- TEMN SM : Temenos Upgraded at Berenberg on Visibility; PT Raised 70%
- TFI FP : TF1 2015 Revenue Matches Est., Sees Poor Visibility in 2016
- UBSN VX : Knight Vinke CEO Won’t Rule Out Reinvesting in UBS: Reuters
- VIV FP : Vivendi’s Canal Plus, BeIn to Announce Pact Thursday: Les Echos
- VOLVB SS : Volvo Cars Operating Profit Triples in 2015 on Record Deliveries