US Market closed flat - Dead day - everyone waiting for earnings to kick off (69 of SPX this week), along with ECB and BoJ rate call. Miners better on better China data. US After Hours NFLX +10%, ETH -4%, SCSS -3.5% following earnings/guidance, NVAX +8% ahead of vaccine update, PBYI +7% on breast cancer drug approval. Asian markets are trading lower on Tuesday. Chinese equities are weaker, with regulatory developments weighing on sentiment after the banking watchdog reportedly told some lenders to lower rates on their wealth management products. Another step up in PBoC cash injections also fed some concerns over negative signaling, particularly in the context of recent deleveraging discussion. Also making headlines, data showed a y/y slowdown in China home price growth but no change on a m/m basis. Country-specific factors are driving losses elsewhere. The ASX is underperforming with the big banks selling off amid regulatory uncertainty around proposed changes to capital adequacy ratios. Yen strength is getting usual blame for the Nikkei’s losses. Depp divison over next step on healtcare bill. Chaos prevailed amongst Republican lawmakers over their healthcare legislation after a second attempt to pass it in the Senate collapsed.
Nikkei -0.56% Hang Seng -0.13% CSI -0.50% Shanghai -0.36% Shenzen +0.16%
Eur$ 1.1523 CNH 6.7506 CNY 6.7572 JPY 112.07 GBP 1.3098 CHF 0.9599 RUB 59.23 WTI$ 45.97
S&P -0.07% EuroStoxx -0.37% Dax -0.45% FTSE -0.33% SMI -0.04%
Macro :
- Citi Picks Frankfurt as New EU Broker-Dealer Location: Sky
- The Great U.S. Bond Rush Is Seen Fading as Overseas Yields Rise
- Brexit Uncertainty to Hit U.K. Housing Market in 2017, PwC Says
Keep an eye on :
- BAS GY : BASF CEO Says Unsuccessful Businesses Will Be Sold: NZZ
- BNP FP : BNP Paribas Says $246m Fine to Be Covered by Existing Provisions
- CE US : Celanese to Repurchase as Much as $1.5b in Shares
- DBK GY : Deutsche Bank to Expand Wealth Management in Germany: FAZ
- EDF FP : EDF Invest to Invest in Q-Park NV Alongside KKR Infrastructure
- ENG SM : Enagas 1H After-Tax Profit Rises to EU269.1M
- EOAN GY : EON’s Teyssen Says Global Clean Power Switch ‘Unstoppable’: HB
- ERICB SS : Ericsson Second Quarter Adjusted Gross Margin Misses Estimates
- ERICB SS : Ericsson to Accelerate Cost Cuts, Sees Weaker Network Market
- GFC FP : Gecina 1H Recurrent Net Falls 23%; Co. Confirms FY Target
- HLDX SS : Haldex Second Quarter Net Sales SEK1.18 Bln
- SHBA SS : Handelsbanken Says It May Turn U.K. Branch Into Subsidiary
- KNIN VX : Kuehne + Nagel Expands Perishables Network; 1H Turnover Rises
- LHA GY : Lufthansa First Half Revenue EU17 Bln
- MEO GY : Metro Seeks Pay Reform Amid Rivals’ Lower Costs: Koch Tells SZ
- NOVN VX : Novartis Second Quarter Core EPS Beats Estimates
- UG FP : PSA Confirms Plan to Invest EU4m in French Car-Parts Maker GM&S
- RB/ LN : Reckitt Food Deal Would Boost Hormel’s Margin Expansion: Mizuho
- RIO LN : Rio Tinto Lowers Forecast for 2017 Pilbara Iron Ore Shipments
- SOW GY : Software Raises FY Outlook for Operating Profit Margin