Dow+0.17% S&P+0.23% Nasdaq+0.18% Russell-0.04%
US Market Closed higher getting very close from its 50d MA. FOMC policy statement, which called for no change to the current monetary policy stance helped the market to trade higher. Interest rate forecast implied two 25-basis point increases before the year ends. Furthermore, the Fed lowered its 2015 GDP growth forecast range to 1.8-2.0% from the range of 2.3-2.7% that was forecast in March. Ms. Yellen said the central bank would like to see more "decisive evidence" on inflation and employment before hiking rates. Volume continue to be light at 700mil shares...US After Hours PIR +7.2%, OPGN +1.8%, RATE -13.7%, JBL -7.5%, ORCL -6.4%, OIS -5.4% following earnings/guidance...BMRN +6.8% on positive Phase 2 (JPMraised target to $151 from $140)...Asian indices traded generally lower despite the post-FOMC reversal in US equities, S&P/ASX is the leading decliner among the major bourses, weighed down by lower iron ore prices even though commodities were generally higher on lower USD. In notable after-market commentary, Goldman Sachs pushed back its expectation for US fed funds rate liftoff to December from September. Ahead of tomorrow's BOJ policy decision, a Nikkei report speculated that more board members could break camp with Gov Kuroda on open-ended view for Japan's QQE. Report focusing on BOJ member Sato, who has already suggested that QE decisions should be taken meeting by meeting. Note that Sato would potentially join Kiuchi, who has already advocated on several occasions for a taper in annual monetary base increase to ¥45T.
Nikkei -0.95% Hang Seng +0.22% Shanghai -0.70%
Eur$ 1.1371 JPY 122.89 GBP 1.5838 EURXCHF 1.0456 RUB$53.69 WTI $59.71 (-0.35%)
S&P -0.26% EuroStoxx-0.7% Dax-0.8% SMI -0.99%
Macro :
- Tsipras Says Waiting for Answer by EU on Proposals: Oesterreich
- ECB Said to Raise Greek ELA Ceiling to EU84.1b From EU83b
- FOMC Officials See Longer Run Unemployment at 5.0% to 5.2%
- SNB Says Conditions for Swiss Banking Sector Improved
- Weidmann Says Euro Survival Doesn’t Depend on Greece: Stampa
- Norway Oil Minister Says Oil Industry Not in Crisis, DN Reports
Keep an eye on :
- ABBN VX : ABB Consensus Expectations Too High, UBS Says, Cuts to Sell
- AIR FP : Airbus to Search for Talent in Silicon Valley, FAZ Says
- AIR FP : Premier Airways May Buy 40 Airbus NEO Planes for $4.3b: ET Link
- BAYN GY : Bayer Cropscience Sees Brazil Sales Growth Below 10% in 2015
- GBF GY : Bilfinger to Sell Its Troubled Power Business Unit Within a Year
- ACA FP : Credit Agricole, SocGen Target IPO of Amundi Before End Yr
- DAI GY : Daimler CEO ‘Very Optimistic’ China Sales Momentum to Continue
- OLE SM : Deoleo Won’t Pay Non-Accumulative Remuneration/Preferred Shares
- DTE GY : German Spectrum Reaches EU4.5b, Exceeds 2010 Auction Total
- DGO LN : Dragon Oil shareholder Baillie Gifford to dismiss ENOC’s 750p per share offer as too low - The Times
- FCA IM : Fiat Chrysler Alleged Recall Failings Detailed by NHTSA: Reuters
- GLEN LN : Mick Davis, Glencore Said Bidders for Anglo’s Chile Mines: Rtrs
- HSBA LN : Bradesco to Make Final Offer for HSBC Brasil in July: Valor
- IDR SM : Indra Prepares Job Cuts in Spain, Expansion Says
- MHG NO : Norway Offers 5% Fish Farm Growth W/ Stricter Environment Rules
- NOK1V FH : Nokia may not sell Here after all - Taloussanomat --> http://bit.ly/1dLHer2 (full article in emglish)
- NOVN VX : Novartis Sees ’15 Core Margin Increase in Line W/ FY Guidance, Sees Potential Cosentyx Sales of $4-5 Bln
- STCBV FH : Stockmann to Sell Academic Bookstore to Bonnier Books
- TIT IM : Inwit IPO Priced at EU3.65 Apiece, Shrs Start Trading June 22
- UTILITIES : Utilities Focus to Shift to Div. Quality/Growth, Goldman Says
- VIV FP : *VIVENDI BOARD MAY MEET ON TELECOM ITALIA STAKE BY JUNE 21: SOLE