Dow -0.30% S&P -0.30% Nasdaq -0.63% Russell -1.44%
US Market Closed Lower. Trump comments start to push some investors to lock some profits. Pharma continue to be weak and Retail traded better after border tax comments (XRT +0.8%). Energy was pnly cyclicalsector to finish higher with Crude closing also higher by 0.2% to $52.46. USD was weak vs Euro & GBP after May speech on brexit. MS -2.3% even after better numbers. In addition to energy, only four other sectors finished in positive territory -- utilities (+1.1%), real estate (+0.8%), telecom services (+0.4%), and consumer staples (+1.4%). US After Hours QCOM rebounding on anticipated 'vigorous contest' to FTC... GIMO -22%, CCJ -8%, CSX -4%, IBKR -3%, UAL -1.5% lower following earnings/guidance. Asia indices mixed; Nikkei is up marginally despite the broad reversal in Yen weakness. USD off its lows after extreme selling in US hours; USD/JPY bounces about 80pips toward 113.40, EUR/USD falls about 30pips toward 1.0680. Shares of China property developers rise slightly following more bening property price data; Prices rose in 65 out of 70 cities y/y - unchanged from prior - while price growth across 70 top cities was little changed at 12.4% v 12.6% prior despite the recent govt curbs. Fed's Williams (non-voter) called December hike an appropriate small step, adding that more gradual hikes will be needed given that economy has reached full employment and inflation is approaching 2% target.
Nikkei +0.43% Hang Seng +1.19% CSI +0.46% Shanghai +0.16%
Eur$ 1.0686 CNH 6.8127 CNY 6.8453 JPY 113.34 GBP 1.2348 CHF 1.0040 RUB$ 59.4005 WTI$ 52.64 +0.30%
S&P +0.20% EuroStoxx +0.31% Dax +0.37% FTSE +0.20% SMI +0.46%
Macro :
- Oil Bosses in Davos See Shale Rebound Capping 2017 Price Surge
- Japan to Watch Brexit Movements Following May’s Speech
- HSBC CEO Says Bankers Generating 20% of London Revenue May Move
Keep an eye on :
- AENA SM : Spain Proposes Reducing Aena Fees by 2 Percent, Expansion Says
- AKER NO : Aker Said to Weigh Sale of Norwegian Offshore-Engineering Firm
- ASML NA : ASML Sees 1Q rev. of 1.8B Euros, Six New EUV Orders in 4Q 2016, ASML CEO: EUV ‘Turned a Corner’ in 2016, Orders Show Commitment
- BAYN GY : Monsanto, Bayer Says Trump Meeting Last Week ‘Very Productive’
- BRK/B US : Gates Foundation in Plan to Sell 60m Class B Berkshire Shares
- DBK GY : Deutsche Bank to Pay $7.2b in Settlement With DOJ --> Deutsche Bank Sees DOJ Pact Hurting 4Q Pretax Results by $1.2b
- DBK GY : Deutsche Bank Sees 65% Chance of Russia Sanctions Lift in Spring
- EDF FP : Hollande Pressures EDF’s Levy on Fessenheim, Le Canard Says
- ENEL IM : Enel Should Exit Russia Amid Ruble Recovery, Limited Growth
- FACC AV : FACC 9M Ebit up 14% to EU16m; Sees 20% FY Revenue Growth
- LHA GY : Lufthansa denies possibility of merger with Etihad, Etihad would first take a 30%-40% stake in the German carrier before moving on to a complete merger.
- NDA SS : Nordea Sells Russia Mortgage Portfolio to Sovcombank: Kommersant
- SFQ GY : SAF-Holland to Restructure North American Manufacturing Plants
- SPM IM : Saipem Gets Onshore Drilling Contracts for Total Value of $240m
- SAN FP : Sanofi Gets EU Approval for Suliqua to Treat Type 2 Diabetes
- SAS SS : SAS CEO Gustafson May Be Candidate for SEB CEO Job: DI
- SY1 GY : Symrise to Stick to or Increase Dividend, CEO Tells Boersen Z.
- TEF SM : Telefonica to Produce TV Series, Expansion Reports
- VOW3 GY : VW to Introduce Electric Car in Japan as Early as June: Nikkei