Dow+0.60% S&P+0.65% Nasdaq+0.44% Russell+0.74%
US Market Closed higher, recovering from early oil sell off after Doha meeting. oil slid overnight as crude for May delivery dropped to $37.61 while June delivery fell to $39.00. However, oil prices rebounded off these levels as news of an oil and gas worker strike in Kuwait boosted the energy component. To be fair though, it's likely that today's trade also featured a fair amount of short-covering. May delivery crude ended at $39.78/bbl (-1.2%) while the June contract finished at $41.17/bbl (-1.4%). utilities (+0.3%), industrials (+0.3%), technology (+0.4%), and materials (+0.5%), health care (+0.9%), consumer discretionary (+0.9%), and financials (+0.7%). Volume below average at 830mil shares. US After Hours CE +8.1%, BMI +4.4% NFLX -8%, IBM -5%, ILMN -18.1% RMBS-8.5% following earnings, HRTX+15.6% on FDA News. Boston Fed President Rosengren offered a fairly hawkish outlook for US policy this year, stating that the Fed funds rate may rise faster than markets currently expect. He noted that March jobs data portends higher GDP rate, with growth running slightly over potential. He also said that jobless rate would drift down and that the core inflation rate is much closer to the 2% target, noting there is a cost if US monetary policy is not aggressive enough. Asian equity markets are generally higher, led by a snap-back rally in Tokyo after yesterday's outsized declines. In China, MOFCOM spokesperson said the global glut in steel was the result of decline of demand, also warning about the perils of protectionism. Shen was optimistic that China can sustain the FDI growth rate of Q1 through 2016. Also of note on the mainland, Xinhua speculated that the PBoC could shift to a more prudent monetary policy stance this year, presumably backtracking from a "slight easing bias" that recently lifted expectations of more policy easing. In Japan, Fin Min Aso downplayed calls for policy stimulus from this weekend's earthquake, noting that the current budget funds can still be used before discussion of an extra budget. YUM: China Sovereign Wealth Fund (CIC) thought to be seeking control of Yum unit in a deal worth $7.0-8.0B
Nikkei +3.41% Hang Seng +0.64% Shanghai +0.13%
Eur$ 1.1323 CNH 6.4814 CNY 6.4750 JPY 109.05 GBP 1.4308 CHF 0.9637 RUB 66.4158 WTI 39.79 (+0.03%)
S&P+0.06% EuroStoxx+0.23% Dax+0.51% SMI+0.33%
Macro :
- Moscovici: We Should Avoid Kicking Can Down Road on Greek Talks
- Fed’s Kashkari: More Bank Capital May Be Good Way to Combat TBTF
- France Signs EU2b Egypt Deals as Hollande Visits Cairo: Reuters
Keep an eye on :
- ABI BB : AB InBev Asia President Doukeris Sells EU5.78m of Brewer’s Stock
- AAPL US : Apple to Hold WWDC June 13-17, According to Apple’s Siri
- AKZA NA : Akzo 1Q Revenue Misses, EPS Ahead; Says Market Remains Uncertain
- ATC NA : priced $2.75bil (vs $2.25b) of 10y secured notes, 7.5%, ATC has now not debt repayments due until 2022
- BLT LN : BHP Billiton likely to hire Goldman Sachs and Barclays for Latin American mining assets sale
- CABK SM : Banco BPI: CaixaBank's latest takeover bid could be blocked by Angola's central bank - Jornal de Negocios
- BN FP : Danone 1Q LFL Sales Beat Ests., Confirms 2016 Forecast
- ENG SM : Enagas 1Q Ebitda EU206.9m; Est. EU212.5m
- ENGI FP : Engie Seeks to Sell Polish Polaniec Coal Plant for EU500m: Pb.pl
- NXT FP : Euronext Names Giorgio Modica CFO; Amaury Dauge Leaving
- FCC SM : Slim’s Carso Says It Bought 6.98m Shares of Spain’s FCC: Filing
- FNC IM : Finmeccanica’s Moretti Said to Be Candidate as Industry Minister
- FMU FP : Fonciere des Regions to Bid on Remaining Fonciere Murs Shrs
- FDR FP : Fonciere des Regions to Bid on Remaining Fonciere Murs Shrs
- GSP FP : Groupe Go Sport to Buy 12 Bata Shops for Retailer Courir
- KNIN VX : Kuehne & Nagel 1Q Earnings for the Period Rise 10% to CHF169M
- KUNN SW : Kuoni held 74.6% by Kiwi at definitive interim result
- MAISON DU MONDE IPO : Maisons Du Monde Plans Capital Increase in Possible IPO
- NETB SS : NetEnt 1Q Sales, Profit Beat Estimates; Positive About Future
- NOD NO : Nordic Semiconductor Post 1Q Net Loss as Finland Ops Expand
- OR FP : L’Oreal 1Q LFL Sales Growth, Consumer Products Beat Ests.
- OR FP : L’Oreal Confident Operating Margin Will Improve This Year: CFO
- PUB FP : Publicis CEO Remains ‘Cautious’ About the Next 2 Quarters
- RCO FP : Remy Cointreau 4Q Organic Sales Beat, FY16 Total Sales In Line
- RNO FP : Renault’s Ghosn, Rostec’s Chemezov Give Up AvtoVAZ Board Seats
- ROG VX : Roche 1Q Sales Slightly Beat Estimates; Confirms 2016 Outlook ,Roche CEO Says ‘Well on Track’ to Meet Full-Year Targets
- TOM2 NA : TomTom 1Q Sales Rise, Reiterates Outlook
- UNI IM : Unipol to Take Part in Atlante Fund: CEO Cimbri in Repubblica
- FR FP : Valeo to create high voltage powertrains JV with Siemens
- VOW3 GY : VW’s Works Council Head Urges Giving Up Bonuses: Handelsblatt
- YHOO US : Yahoo to Weigh Bids From Verizon, TPG, YP as First Round Closes