Dow -0.11% S&P +0.18% Nasdaq +0.3% Russell +0.46%
US MArket was mixed with Dow lower and S&P & Nasdaq Higher. Ms. Yellen's speech, as it turned out, was mostly an academic exercise. She didn't provide any "new" information for the market per se, yet her reminder that interest rates are apt to creep higher provided some verbal reassurance that facilitated the positive finish for today's market. energy sector (-0.3%) also posted a lackluster performance, falling in tandem with crude oil. The commodity's downtick was forced by some renewed strength in the dollar and expectations that U.S. producers will boost output in response to the higher prices. The U.S. Dollar Index (101.25, +0.92) finished 0.9% higher while gold closed down 0.1% at $1,212.10/ozt. US After Hours OCLR and NFLX +8% following earnings/guidance, Hunter Harrison spec lifting Class 1 rails... RCII -13%, KMI -3%, PLXS -2% following earnings/guidance. Asian equities mixed again; Nikkei225 with an outsized gain on reversal in Yen strength following some hawkish comments by Fed Chair Yellen late in the US session; Hang Seng underperforms on weakness in Energy and property developers. USD consolidating gains in late US session that followed Yellen signaling continued commitment to policy tightening with the Fed close to its dual goals; US rates also rise across the curve. US TICS flow showing China reducing its holdings of US debt for the 6th straight month and by the biggest margin in 5 years; China Commerce Ministry official nonetheless reiterates China prepared to cooperate with the new US govt on trade. Nikkei previews next BOJ decision with expectation of a 2nd consecutive upgrade in overall economic assessment amid improvements in exports, production, and consumption; Separate report however notes the headwinds from lower rents as NIRP BOJ policy stimulates investment housing supply.
Nikkei +0.94% Hang Seng -0.48% CSI -0.42% Shanghai -0.61%
Eur$ 1.0645 CNH 6.8390 CNY 6.8701 JPY 114.56 GBP 1.2289 CHF 1.0067 RUB 59.2856 WTI$ 51.55 +0.47%
S&P unch EuroStoxx +0.30% FTSE +0.17% Dax +0.28% SMI +0.35%
Macro :
- Goldman Sachs Considering 50% Cut to London Staff: Handelsblatt
- Fed Beige Book: Firms Optimistic About Growth in 2017
Keep an eye on :
- AH NA : Ahold Delhaize 4Q Sales Meet Estimates; Forecasts Reiterated
- AIR FP : Airbus’s Lahoud Says Company Looks at Brexit With Some Concern
- ALV GY : Allianz Said to Pay $200m Upfront for StanChart Insurance Rights
- ASML NA : ASML CEO Sees EUV Demand Outstripping Capacity Through 2018
- POP SM : Banco Popular Board Calls Extraordinary Holder Meeting Feb. 20
- BRBY LN : Burberry Studying Sale of Perfume Business: Challenges Magazine
- CA FP : Carrefour 4Q Total Sales, French Hypermarket In Line With Ests.
- CSGN VX : Credit Suisse Will Take About $2b Pretax Charge for 4Q
- DBK GY : Deutsche Bank’s Tells CNBC ‘Never Say Never’ on Raising Capital
- EDF FP : EDF Is Only Considering 1 Bid for Polish Assets: Parkiet
- EOAN GY : German Utilities Preparing for Greater Supplies to France: WiWo
- FCT IM : Fincantieri Gets Contract of About $1.5b From Carnival: Stampa
- GALN SW : Galenica 2016 Sales Rise, Sees Galenica Sante IPO in 2017
- DEC FP : JCDecaux Says Awarded 14 Contracts in Paris Region in 2016
- LXS GY : Lanxess Sees Further Consolidation in European Chemicals: FAZ
- LIN GY : Linde CEO Says Praxair Takeover Won’t Finalize This Quarter: DPA
- MJN US : Mead Johnson Up; Nestle Said to Consider Takeover: StreetInsider
- MEO3 GY : Metro Rises Ahead of 1Q Results; May Raise Div., Dundee Says
- NESN VX : Mead Johnson Up; Nestle Said to Consider Takeover: StreetInsider
- PRY IM : Clubtre’s Prysmian Placement of 4m Shares Priced at EU24.40/Shr
- PUB FP : Publicis CEO Says No Need to Move Staff From London To Paris
- RCO FP : Remy 3Q Organic Sales Growth 6.0%, Beating Estimates
- CFR VX : Richemont’s Panerai to Reduce Locations Selling Its Watches: AWP
- RWE GY : German Utilities Preparing for Greater Supplies to France: WiWo
- SAN FP : Regeneron, Sanofi Get Expedited Appeal in Amgen Patent Case
- SNE US : Sony Case Against Fujifilm to Be Probed at U.S. Trade Agency
- SREN VX : Bullish Swiss Re Bets Jump on Block Trade as Stock at 6-Week Low
- SWMA SS : Swedish Match Has Sold 9m Shares in STG at DKK118 a Share
- UBSG VX : UBS in Talks to Move Investment Banking Unit to Madrid:Expansion
- VOW3 GY : Volkswagen, Mazda Most Exposed to Mexico Border Tax, LMC Says
- WLN FP : Worldline SA/France Raised to Buy at Goldman, PT EU32
- ZC FP : Safran Said Set to Buy Zodiac Aero for About EU10b: Figaro