Dow +0.13% S&P +0.22% Nasdaq +0.22% Russell +0.75%
US Market closed slightly higher but still trying to evaluate what will be FED Decision. New York Fed President and FOMC voter William Dudley, however, maintained a somewhat hawkish tone. The Fed President stated that a rate hike remains in the cards at the September FOMC meeting. Mr. Dudley also indicated that two strong employment reports helped offset his prior concerns regarding U.S. labor markets. Participants shrugged off the commentary as it mirrored comments from earlier in the week. Investors will hear from San Francisco Fed President Williams (non-FOMC voter) and Dallas Fed President Kaplan (non-FOMC voter) at 16:00 ET and 20:00 ET, respectively. Seven sectors ended in the green with materials (+0.7%), utilities (+1.2%), and energy (+1.8%) leading the advance. Conversely, consumer discretionary (-0.1%) and telecom services (-0.8%) lagged the broader market. Ccommodity-sensitive energy space (+1.8%) buttressed the broader market as the energy component finished higher by 3.0% ($48.21/bbl; +$1.40). Volume were in line with average at 737mil shares. US After Hours NWY +24%, AMAT +6%, MENT +6% following earnings/guidance, CXW +7% / GEO +5% modestly rebounding... GPS -2.4% following earnings/guidance. sian equity markets started the session out slightly to the upside before sliding to unchanged levels, heading into the latter half of the session, Shanghai and Hong Kong declined. Focus remains on forex markets with the USD gaining against A$ (0.7%); JPY (0.6%); NZ$ (0.5) as well as the Euro, Pound and Swiss Franc. Oil names benefited from the higher oil prices, Woodside +2.2% and BHP +1.7 despite weaker results. After the US close, Fed's Williams called for a rate hike sooner rather than later, indicating a rising interest rate is what makes sense. Later in the session Fed's Kaplan declined to comment on rate changes any time soon. He did say US election irrelevant to when Fed will act. China Commerce Ministry (MOFCOM) Official said that foreign trade faces very large downward pressure; Exports may slow even more this year. Reminder in July China reported a surplus of $52.3B, a 6-month high, while exports were -4.4%.
Nikkei +0.29% Hang Seng -0.32% CSI -0.36% Shanghai -0.33%
Eur$ 1.1335 CNH 6.6486 CNY 6.6451 JPY 100.21 GBP 1.3143 CHF 0.9557 RUB 63.6285 WTI$48.59 (+0.77%)
S&P -0.01% EuroStoxx +0.03% Dax +0.13% SMI -0.06%
Macro :
- U.K. Said to Seek Specific Financial Services EU Trade Deal: FT
Keep an eye on :
- ABI BB : Kirin Looks to Double U.S. Beer Sales Volume by 2021: Nikkei
- BP IM : BPM/Banco Popolare merger approval decision by ECB expected in mid-September - Il Sole 24 Ore
- BAYN GY : U.K.’s NICE Says Bayer’s Liver Cancer Drug Not Cost-Effective
- BKIR LN : Bank of Ireland to Charge for Large Deposits, Irish Times Says
- BRNL NA : Brunel 2Q Revenue Drops as Oil & Gas Market Continues to Decline
- DBK GY : CFTC Charges Deutsche Bank w/ Multiple Swap Reporting Violations
- EDP PL : EDP Says Capital Group Cuts Stake to 14.989%
- EZJ LN : Rumor founder SIr Stelios Haji-Ioannou could team up qith AerCap to take the Co. private - telegraph
- ERICB SS : Ericsson Owners Said to Seek to Replace Chairman: SVD
- XOM US : Exxon, Chevron, Hess Said to Form Mexico Deepwater Bidding Group
- HUE SW : Huegli Sees Full Year Ebit Slightly Below 2015 Level
- JEN BB : Jensen-Group 1H Ebit Rises 2.6% to EU13.9m, Backlog Up 34% Y/Y
- MERSKB DC : Maersk Says Still Considering Many Options in Strategic Review
- NDA SS : Nordea Is Least Popular Bank in Danish Customer Survey, JP Says
- OHL SM : OHL Has Acquired 32% of Share Buy-Back Plan’s Maximum Target
- PSPN SW : PSP Swiss 1H Net Income Ex Investment Gains/Losses CHF89M
- ROG VX : Roche Moves India Court to Block Breast Cancer Drug From Mkt: ET
- RDSA NA : Said to have hired JPM to sell its New Zealand oil portfolio worth ~A$1B - Australian
- SZG GY : Salzgitter Spokesman Denies Platts Report On Thyssenkrupp Talks
- SQ US : Square Gains 1.6% After Point72 Takes New 5.4% Passive Stake
- TEL NO : Telenor CEO Still Planning How to Sell Vimpelcom Stake: Reuters
- UCB BB : UCB Says Wellington Management Group Raises UCB Stake to 3.02%
- VPK NA : Vopak 1H Ebitda, Net Ex-Items Rise Y/y; Revenue, Cash Flow Fall
- WMH US : William Hill to Focus on Strategy to Deliver Value to Holders
- ZAL GY : Zalando to Open Warehouse Near Paris, Le Figaro Says