Dow-0.19% S&P-0.26% Nasdaq-0.63% Russell-0.83%
US MArket Closed lower in low volume (700mil shares), pressure in China weighted on sentiment. Ashaky session in Europe didn't helped. Nine of ten sectors ended the day in negative territory with losses ranging from 0.01% (telecom services) and 0.7% (materials), commodity-related sector—energy (-0.4%)—ended among the laggards even as crude oil spiked 1.8% to $42.62/bbl. HD +2.6% on numbers. Urban Outfitters retreated 2.1% after below-consensus revenue and comparable store sales overshadowed a bottom-line beat while TJX spiked 6.8% after beating earnings estimates. WMT -3.4% on earnings & Guidance. US After Hours ADI +7.1%, WB +2.7%, SINA +2.0%, LZB +0.7%, CSIQ -8.1%, TEDU -6.2%, DV -5.4% following earnings/guidance...HILL +85% to be acquired by STX @$9.75/share(cash), Shanghai Composite remains in focus with a volatile morning session that saw the index plummet as much as 5% to a new 2-week low below 3,600. Investors' concerns over SOE reform and implications of the latest aggressive open market operations as a remedy for rising outflows continue to cloud sentiment. In the mean time, the Yuan fix was once again marginally increased relative to yesterday, which marks the 4th straight lift. China State Information Center also recommended that policymakers accept expanding fiscal deficit in H2 to stabilize the economy. Japan merchandise trade data that saw its widest deficit in 5 months at -¥268B V -¥53.0BE. Shipments to US and Europe were up double-digits at +18.8% and +10.0%, while China exports were up just over 4%. Results from key basic materials names down under are helping the Australia index outperform in the region. Woodside Petroleum and Arrium were particularly notable, both rising about 2% on earnings.
Nikkei -1.49% Hang Seng -0.94% Shanghai -2%
Eur$ 1.1067 JPY 124.27 CNY 6.3991 GBP 1.5670 RUB $65.76 WTI $42.31 (-0.73%) Golds 1118
S&P -0.38% EuroStoxx -0.95% DAx -1.08% SMI -0.66%
Macro :
- Greece Raised to CCC From CC by Fitch
- Greatest Amount of Energy M&A Activity ‘Just Ahead’: Wells Fargo
- ECB Said to Reduce Greek ELA to EU89.7 Bln in Line With Request
- Copper Cos. Tumble as Price Falls; First Quantum Underperforms
Keep an eye on :
- AOI SS : Africa Oil in $50m Equity Subscription Financing With IFC
- CARLB DC : Carlsberg Cuts 2015 Organic Oper. Profit Forecast
- CBMN SW : Cembra Money Bank Raises FY 2015 Earnings Guidance
- CPR PL : Cimpor Names Paulo Diniz CFO, Replacing Claudio Palaia
- CDR SM : Spain’s Codere Modifies Terms of Lock-Up Contract: Filing
- DAI GY : Daimler Halts Production Current Electric Smart Car: Die Zeit
- Danish Ship Finance : Danish Ship Finance Owners Split Over DK4b Takeover Bid: Borsen
- AAN GY : Deutsche Annington 1H FFO 1 EU264.3m vs EU130.3m
- El Corte Ingles : El Corte Ingles Holder Says Hamad Deal May Trigger Penalties: FT
- EKO NO : Ekornes to Cut Costs by NOK150m by End 2016 vs 2014 Cost Level
- FAGR BB : Fagron CEO Still Plans to Make Acquisitions: Financieele Dagblad
- GL FP : Paris Creates Tourist Zones for Late, Sunday Shopping: Parisien
- GLEN LN : Glencore 1H EPS, Net Beats Estimates; Cuts FY Marketing Forecast
- GS US : Goldman Sachs Gets Approval to Tap BOE for Emergency Cash: Times
- HIK LN : Hikma Signs for Rights to Sell Full Vitabiotics Range in 5 Mkts
- JEN BB : Jensen-Group Sees Higher 2015 Revenue With Order Backlog Up 4%
- LNSX GY : Sixt Leasing 1H Earnings Before Taxes Up, Confirms Outlook
- ROG VX : Roche to Buy U.S. Privately-Held Kapa Biosystems
- SBO NO : Selvaag Bolig 2Q Net Income Rises; Declares 1H Div of NOK0.7/Shr
- SCMN VX : Swisscom 2Q Net Beats Ests; Raises FY Rev., Ebitda Forecasts
- SFZN SW : Siegfried 1H Ebitda Rises 21.8% to CHF34.6M;Sees Higher Dividend
- STR AV : Strabag Confirms It’s Looking at Imtech’s German Business
- SYNN VX : Syngenta Plans Sale of Flowers Seeds Business
- UBSN VX : UBS AG Shares to Be Delisted From Swiss Exchange on Aug. 27
- ZO1 GY : Zooplus 2Q Profit EU1.15m vs EU1.27m, Confirms Forecast