Dow+1,10% S&P+1,34% Nasdaq+1,39% Russell+1,90%
US market closed higher on Friday, Rebound of Crude helped sentiment, countercyclical side, consumer staples (+0.8%) and utilities (+0.9%) underperformed throughout the day while telecom services (+1.7%) and health care (+1.9%) spent the day among the leaders, technology sector struggled to keep pace with the market as Apple (AAPL 105.94, -0.88) weighed. The largest sector component lost 0.8% while most other heavily-weighted tech names settled with gains. On the earnings front, Intel (INTC 36.45, +0.26) gained 0.7% after beating bottom-line estimates, financial sector could not catch up to the S&P 500 as Goldman Sachs (GS 177.23, -1.26) weighed. volume were above average @950mil shares...VIX @ 20.95 -6.43%...Shanghai Composite entered midday break near session and 2015 lows, crashing over 6% in the wake of CSRC suspending new margin trading accounts at brokers CITIC, Haitong and Guotai Junan after market close on Friday. The measures reflect regulators' discomfort with the extent of the leverage-driven rally in equities in the final week of 2014 that coincided with the open of Shanghai-Hong Kong stock link. All major mainland-listed brokerage tickers were limit down, while Hong Kong-listed shares are off by mid-teens percent. China will also post its latest GDP along with some December economic figures tomorrow, and analysts expect Q4 growth to confirm a miss in annual GDP target for the first time in 1998. Former PBoC adviser Yu said China growth is still the highest in the world despite the slowdown, while policy advisor Song noted 2015 GDP would trend around 7.3%. A research note out of Moody's also indicated China banking system outlook is stable.Swiss officials were in damage control after the surprise SNB policy action riled the markets last week. SNB Gov Jordan said he expects markets to stabilize, adding the cap on the franc was no longer justified as Swiss economy was improving. Jordan also said exchange-rate situation will remain under consideration in future decisions, and the minimum rate risked loss of monetary conditions through inflated balance sheet. Swiss Fin Min Widmer-Schlumpf noted the economy can cope with the removal of the cap, but also estimating EUR/CHF cross at 1.10 as a reasonable level for companies' adjustment.
Nikkei+0.89% Hang Seng -1.98% Shanghai -7.75%
RUB $64.71 RUB €74.90 WTI $48.64 Brent $50.23 CHF 0.8675 CHFEUR 0.9954
Eur$1.1577 S&P -0.22% EurosToxx +0.28% CAC +0.37% Dax +0.43% AEX +0.17% SMI +1.55%
Macro :
- China Stocks Sink Most Since 2008 on Margin-Trading Suspensions
- Euro zone ponders up to six-month Greek program extension, third bailout - {http://reut.rs/1IUldPv}
- Greece Outlook Revised to Negative From Stable by Fitch
- Greece’s 4 Biggest Banks Have Requested ELA, Capital.gr Reports
- *RUSSIA’S CUT TO Baa3 BY MOODY’S, MAY BE CUT FURTHER TO JUNK
- CHINA DEC NEW HOME PRICES M/M: Fall in 66 out of 70 cities vs 67 prior; Y/Y: Fall in 68 cities v 68 prior
- Dijsselbloem said QE would give banks more room to invest and finance companies, which could give a Eurozone Economies a boost
Keep an eye :
- ABY US : Abengoa Yield Greenshoe Fully Exercised, Abengoa SA Says
- ACA FP : Credit Agricole, Fiat Chrysler Create FCA Bank
- ALT FP : Altran Technologies CEO Philippe Salle to Step Down April 30
- AMP IM : Amplifon CEO Moscetti Is Confident on 2015 Growth After Good 4Q
- CA FP : Carrefour CEO Doesn’t Favor Sunday Opening for Hypermarkets
- FCA IM : Fiat Chrysler to Step Up Investments With 20 New Models by 2016
- FRE GY : Fresenius SE Raised to Investment Grade by S&P
- DTE GY : Deutsche Telekom Hasn’t Ruled Out KPN Takeover: De Telegraaf {http://bit.ly/1GdmzZC}
- EDF FP : EDF Under Pressure From Lower Electricity Prices: Les Echos
- ENEL IM : Enel Sees Future Investments in Chile, CEO Tells La Tercera
- GETIB SS : Getinge’s New CEO to Continue With Current Strategy, DI Reports
- IBE SM : Iberdrola Has Attractive Growth, Low Risk Profile, UBS Says
- ISP IM : Intesa Seeks Private Banking Acquisition: CEO in Repubblica
- UG FP : Peugeot Citroen to Raise Japan Prices From Feb. 2
- PTC PL : P. Telecom Transfers EU400m Notes to P. Telecom Intl Finance
- SCHP VX : Schindler Sees 2014 Profit ~CHF900m, Saw CHF815m-CHF865m
- SGO FP : Saint-Gobain’s Verallia Sale Process to Start by March: Reuters {http://reut.rs/1sLyTdt}
- SIK VX : Sika Says Saint-Gobain Isn’t Taking Its Concerns Seriously
- SKFB SS : SKF Says CFO Lange to Resign to Become CEO of Gunnebo
- STERV FH : Stora Enso Says One-Time Items Will Decrease 4Q EPS by EU0.22
- TFI FP : TF1 Sells Some Rugby World Cup Rights to Canal Plus, Figaro Says
- MHG NO : Marine Harvest Says 4Q Operational Ebit at About NOK990m
- NOVN VX : Novartis Says Cosentyx First IL-17 Inhibitor to Get EU Approval
- OHL SM : OHL, Hinduja to Spend GBP600m on U.K. War Office Site: Expansion
- UNA NA : Unilever CEO Says Climate Change Set to Erode Earnings: Times
- WHA NA : Wereldhave Belgium Plans Rights Offering
- WIN GY : Wincor Nixdorf 1Q Rev. Beats, Profit Falls 11%; Confirms Targets