Dow+0.90% S&P+0.66% Nasdaq+0.23% Russell+1.56%
US Market closed higher and traded in positive territory for the year but finished still slightly down (-0.2%). Market continue to trade in line with FOMC mojo and risk on style. Oil & Euro rallied helped the sentiment. Both oil and gold benefited from a tumble in the greenback as the dollar slipped in the wake of traders re-thinking their policy divergence trades. WTI crude ended its day higher by 4.0% at $40.66/bbl while gold jumped 2.9% to finish at $1,265.10/ozt. commodity-sensitives materials (+2.3%) and energy (+1.4%) sectors were standouts for most of today's session, yet they had ample company as every sector, with the exception of the health care sector (-1.1%), ended in positive territory. US After Hours ADBE +6% following earnings; CPGX +5.3%, TRP -4.1% following merger news. Asian equity markets are generally higher with the exception of a selloff in Tokyo, where sentiment was soured by more Yen strength in the wake of a dovish FOMC statement overnight. Shanghai Composite is leading the main indices, helped by continued strength in the property space along with a very firm Yuan fix by the PBoC. In commodities, gold has consolidated overnight gains but WTI crude oil concluded pit trading above $40/brl for the first time since early December. With cracks in Abenomics becoming more evident, a Japanese press report speculated the cabinet might consider delaying the 2nd round of consumption tax increase set for Apr 2017 by another 1-2 years.
Nikkei -1.25% Hang Seng +0.48% Shanghai +1.55%
Eur$ 1.1302 CNH 6.4628 CNY 6.4672 JPY 111.27 GBP 1.4461 CHF 0.9669 RUB$ 67.91 WTI $40.24 (+0.10%)
S&P-0.06% EuroStoxx+0.10% Dax+0.05% SMI+0.295
Macro :
Strategists Now See Virtually No Gains for Europe Stocks in 2016
Merkel Ducks Draghi Call for Clarity, Dodging Banking Union Move
Brevan Howard Said to Cede Management of $450 Million Hedge Fund
BOE Says ‘Brexit’ May Hit Spending as Key Rate Kept at 0.5%
Keep an eye on :
- ABG SM : Abengoa Announces Procedure to Adhere to Standstill (has requested a 7 month standstill agreement from its creditors as its March 28 deadline to enter full bankruptcy looms. ABG needs 75% of its creditors to approve its restructuring plans.)
- AH NA : Ahold CEO Keeps Eye at Opportunities in U.S. Retail Market
- AF FP : Air France Examining Offers for Servair Catering Unit: Echos http://bit.ly/1R3fq0F
- GBF GY : Bilfinger Building Unit Sale Said to Draw EQT, Triton and JLL
- BT/A LN : BT to Name Simon Lowth as New Finance Chief: Sky News
- CAI AV : CA Immo FY2015 Net Profit More Than Triples to EU220.8m
- CAPIO SS : Apax Europe, Apax France, Sell 18m Capio Shares
- DB1 GY : Deutsche Boerse CEO Vows to Boost Frankfurt in LSE Deal: FAZ
- DSM NA : DSM CEO Says Europe Needs to Focus on What Binds Countries
- FERR IM : Ferragamo 2015 Ebitda, Net Beat Ests., Sees Another Positive Yr
- FNTN GY : Freenet Buys 10.7m Shrs of Sunrise Communications at CHF72.95
- G IM : Generali 4Q Net Misses Estimates; Dividend Beats BDVD Est.
- G IM : Generali Appoints Philippe Donnet as CEO
- GLEN LN : +3.2% in Hong Kong
- GYC GY : Grand City Properties FY 2015 Total Assets, Ebitda Rises
- HEIA NA : Heineken May Ask Mallya to Leave United Breweries Board: Reuters
- HSBA LN : HSBC Holdings PLC Outlook to Negative From Stable by Moody’s
- INW IT : Telecom Italia Took No Decision on Inwit, Still Evaluating: Ansa
- LSE LN : LSE Outlook to Positive by Moody’s on Deutsche Boerse Deal
- EGL PL : Mota-Engil 2015 Revenue Rises 2% to More Than EU2.4b Y/y
- REP SM : Repsol Approves Changes to Directors Team: Regulatory Filing
- CFR VX : Richemont to Cut 300 Jobs at Swiss Brands: Tribune de Geneve, Richemont Co-Chief Executive Officer Bernard Fornas to Retire
- RDSA NA : Shell Agrees to Charter Sevan Driller for Brazil Work: Upstream
- SAN SM : Santander to Improve 2016 Div/Shr by 5%: Expansion Link
- SRCG SW : Freenet Buys 10.7m Shrs of Sunrise Communications at CHF72.95
- TRE SM : Tecnicas Reunidas Awarded Contract by Pemex for About $800M
- TLSN SS : Zegona Readies Purchase of Yoigo, Expansion Reports
- TIT IM : Telecom Italia Posts 2015 Loss
- TKA GY : Thyssenkrupp to Revamp Industrial Solutions Unit: Handelsblatt
- UBSG VX : UBS Bonus Pool Rises 14% to CHF3.5b in 2015
- UBSG VX : UBS Says European Court to Hear Challenge in French Tax Case
- WOL AV : Wolford 3Q Net Income Drops 48% to EU1.6m; Cautions on Outlook