Dow -1.78% S&P -1.64% Nasdaq -2.57% Russell -2.78% VIX +23.1%
White House political risk has risen from a simmer to an open flame over the past 24 in the wake of alleged interference by Pres Trump into the FBI investigation of former NSA Flynn. The presidential crisis has sunk so deep that the appointment of a special counsel Mueller to head the Russia probe on Wednesday evening is treated as a positive development, helping US equity futures regain some ground.: Big Risk off on US market with Market closing on absolute low in heavy volume. SPX closed below its 50d MA VIX +23% . Bank & Semi Weighted on mkt -4%. Today macro wise we have Jobless Claims, Philly Fed, and Leading Index - also Fed's Mester speaks, EPS wise we have Wal-Mart, salesforce, Applied Material, McKesson, Ross Stores, Autodesk, Gap. US After Hours LB +6.4%, SNPS +2% following earnings/guidance, P +8% and SIRI +1% on M&A speculation... ASNA -31%, SMRT -24%, CSCO -7.5% following earnings/guidance. Asian Market following the US in a Risk Off move. Nikkei is underperforming against the backdrop of a stronger yen. Templeton's Mobius: No doubt there's risk in China, but govt will insulate SOEs
Nikkei -1.40% Hang Seng -0.29% CSI -0.40% Shanghai -0.45%
Eur$ 1.1143 CNH 6.8818 CNY 6.8913 JPY 111.20 GBP 1.2964 CHF 0.9804 RUB 57.2204 WTI$ 48.95 -0.24%
S&P +0.22% EuroStoxx -0.40% Dax -0.36% FTSE -0.30% SMI -0.33%
Macro :
- U.S. Airlines to Carry Record 234.1 Million Summer Passengers
- SALT WRAP: Neuberger’s Rachlin Likes ETE; Investors Talk Trump
- SALT: Bernanke Says U.S. Economy Has Approached Capacity Limit
- U.K. Conservatives 45%, Labour 32%: YouGov/Times Poll
Keep an eye on :
- ABE SM : Atlantia Offers to Pay 100% of Abertis Bid in Cash: Expansion
- BLT LN : Elliott Says Held ’Constructive’ Barcelona Talks With BHP CEO
- CABK SM : CaixaBank Studies Making Offer for Popular: El Pais
- CG US : Kraft Heinz Said to Mull Colgate-Palmolive Buy: Street Insider
- DL NA : Delta Lloyd 1Q Gross Written Premiums EU447m
- EDF FP : EDF to Set Up Nuclear-Plant Engineering Co. With Areva NP
- FB US : Facebook to Be Fined in EU Probe Over WhatsApp Takeover: FT
- FCA IM : U.S. Said to Ready Lawsuit Over Fiat Chrysler Diesel Emissions
- G IM : Generali Outperformance Suggests Some Profit Taking: Mediobanca
- ILD FP : Iliad 1Q Revenue EU1.22b
- ISAT LN : Inmarsat to Focus on Network Expansion Before Deals, CEO Says
- DEC FP : JCDecaux Wins 5-Year Outdoor Advertising Contract in Rotterdam
- LR FP : Legrand in For Best M&A Year in More Than 10 Years: Berenberg
- MRK GY : Merck KGaA 1Q Adjusted Ebitda Matches Est.
- MRL SM : Banco Popular Sells Merlin Properties Shares at EU10.725/Share
- NN NA : NN 1Q Solvency Ratio 238%
- NYR BB : Nyrstar COO Rittner Buys EU0.52m of Zinc Producer’s Stock
- POP SM : Popular Set to Post More Losses in Second Quarter: Expansion
- RWAY IM : RAI Way Valuation Fair, Has M&A/Releveraging Optionality: MS
- RL US : Ralph Lauren Options Setup Into 4Q Earnings Implies a 8.6% Move
- RIO LN : Rio Tinto to Improve Payment Terms for Some Smaller Suppliers
- SCHP VX : Schindler CEO Wants to Boost Global M&A Activity: Luzerner
- TEVA IT : Teva in Final Stages of Talks to Hire Non-Israeli CEO: Calcalist
- VALN SW : Valora CEO Mueller Eyes Growth in Healthy Foodstuffs: HZ
- VOW3 GY : VW to Bid to Become German DFB Soccer Assn Sponsor: FAZ
- VOW3 GY : Volkswagen Gets Final Approval for Settlement on Diesel Cars
- WDI GY : Wirecard Sees FY Ebitda EU382m To EU400m
- ZO1 GY : Zooplus Sees FY Pretax EU17m To EU22m