US MArket closed higher, small caps leading the move. descalation in Ukraine is still not there but Fridays news of direct confrontation between Russian forces & Ukrainian troops, Cyclical sectors displayed broad strength as five of six growth-oriented groups finished ahead of the broader market. The industrial sector (+1.5%) seized the lead in the early going and held on until the close with help from transport stocks, the top-weighted sector—technology (+1.1%)—also finished ahead of the S&P 500 even as chipmakers were unable to keep pace after Goldman Sachs downgraded the entire semiconductor space, Large cap components picked up the slack with the likes of Apple and Google ending higher by 1.2% and 1.5%, respectively. DG/FDO deal boosted the consumer disc. sector, On the countercyclical side, telecom services (-0.1%) and utilities (-0.2%) registered slim losses, while consumer staples (+0.6%) and health care (+0.8%) finished a bit behind the broader market. volume were below average with 600mil shares...VIX @ 12,32 -6,31%..Rackspace trading higher after hours; WSJ reporting Blue Harbour acquired stake (6,5% stake), Obama spoke on situation in Iraq, reiterating US will continue to pursue long-term strategy to turn tide against ISIS, Chinese press reports, State Information Center think tank speculated that all China non-Tier-1 cities would remove home purchasing curbs by the year end. Separately, CCB clarified that mortgage policy has not changed in Shanghai, which ran counter to overseas reports that CCB would re-define "first home mortgages" in a bid to stimulate more housing demand....Nikkei +0.89% Hang Seng +0.01% Shanghai-0.28%
Eur$ 1.3357 S&P +0.18% EuroStoxx +0.20% FTSE +0.25% Dax +0.16^ SMI +0.28%
Macro
- Treasury Work May Push Anti-Tax Inversion Decision to Sept.: WSJ
Keep an eye on :
- CRG IM : Fondazione Carige may sell further 10% stake in Banca Carige
- CON GY : Continental Hires Self-Driving Car Exec. From Google: WSJ Link
- DTE GY : Deutsche Telekom may consider buying Telecolumbus or Primacom - Focus
- ELUXB SS : Electrolux Still in Talks With GE on Appliance Unit Sale: WSJ
- ENI IM : Italy Antitrust Opens Investigation Into Eni on Gas Mkt Share
- ENI IM : Italy to Get EU5b Revenue in Sale of Eni, Enel Stakes: Stampa
- FORN SW : Forbo 1H Sales Rise 1.8%; Augments Current Share Buyback
- LISP SW : Lindt & Spruengli 1H Ebit Beats Ests.; Reiterates Outlook
- OCS FP : Oberthur Technologies Buys Nagraid Security From Kudelski Group
- PHARM NA : Pharming Buys Some of French Company’s Assets for EU0.5m in Cash
- RBI AV : looking at private banking and asset management buys; not considering Coutts International Finanz und Wirtschaft
- SEM AV : Semperit 1H Revenue Rises 2.9% to EU464m; Net Dips on Expenses
- SIX2 GY : Sixt 2Q Ebit Rises, Confirms 2014 Forecast
- STAN LN : Standard Chartered to Pay Up to $300m to New York Regulator: FT
- SWMA SS : Swedish Match does not exclude selling or listing its stake in Scandinavian Tobacco Group
- TEF SM : Telefonica to Add TV Content to Bid for Vivendi’s GVT: Reuters
- TKA GY : ThyssenKrupp Plans Further Disposals, Handelsblatt Reports
- VIV FP : Vivendi May Buy 15% in Telecom Italia Amid GVT Bid: Repubblica
- VOD LN : EE First, Vodafone Last For U.K. Performance in Survey: BBC Link
- VOD LN : India Top Court Sets Nov. 26 to Hear Vodafone Plea on Permits
- VOD LN : Vodafone eyes Tim Brasil - Il Messaggero
- ZO1 GY : Zooplus Posts 1H Profit; Sees 2014 ‘Slight‘ Gross Margin Decline