Dow+0,14% S&P+0,30% Nasdaq+0,60% Russell+1,09%
US Market closed slightly higher with tech higher...Dow & S&P registered new records...AAPL (on Icahn letter) & Altera (Intel potential deal) helped the all sector to perform...M&A also helped with ANN offer (21,4% premium) and Endo buying Par Pharma. Volume were below average at 700m shares...S&P500 hit new record highs while Treasuries fell, reversing some of the gains made on Friday. Some of the focus fell on the research paper from the San Francisco Fed, putting the post-adjustment US Q1 GDP around 1.8% rather than 0.2% as reported by the Commerce Dept. SF Fed also indicated that much of the Q1 weakness could be attributed to seasonality of adverse weather, implying the worries about the timing of Fed rate hikes after last week's soft US data may be overdone. VIX @ 12.73 +2,83%...US After Hours GIGA +24.4%, MOMO +21.5%, TTWO +7.4%, URBN -15.3%, AMCN -3.8%, A -3.1% following earnings/guidance...Asia's main indices are higher nearly across the board, tracking a session of modest gains in the US hours. Shanghai Composite was the clear outperformer, rising over 1% in the opening hour and then zooming to 2.7% rise entering its lunch break. Note the index was down for the past 2 sessions, and there's chatter the high-margin speculative buying is behind today's move. Investors are also reacting positively to China State Council unveiling its 2015 economic reform, pledging to focus on economic growth, deregulate central power, promote FX convertibility, loosen control of investment and boost reforms of SOE in key industries such as electricity.
Nikkei +0.84% Hang Seng +0.25% Shanghai +2.46%
Eur$ 1.1318 RUB $49.03 EURCHF 1.0482 GBP 1.5666 CHF 0.9260 WTI $59.52 (+0.52%)
S&P +0.09% EuroStoxx Dax SMI
Macro :
- Greek Bailout Negotiations in Final Stage, PM Tsipras Says
- ECB Wouldn’t Cut ELA If Greece Misses IMF Payment: Handelsblatt
- Oil Price Drop Puts More Than $100b of Projects on Hold, FT Says
- EU Autos Still Show Most Upside Despite YTD Gain as PTs Increase
- EU28 April Car Registrations Rise 6.9% Y/y to 1.166m Units
Keep an eye on :
- ABE FP : Abertis Says Cellnex Greenshoe Option Exercised
- AREVA FP : EDF Wants Control of Areva Reactor Business, Levy Tells Figaro
- AVV LN : Aveva FY15 Adj. Pretax, EPS Beat Estimates; Revenue In Line
- POP SM : Spain’s Banco Popular Seeking Acquisitions Abroad: WSJ
- CLNX SM : Cellnex Wants to Triple Its Size, CEO Martinez Tells Expansion
- CERV IM : CVC Selling 29m Shrs of Cerved in Bookbuilding, Cerved Shr Sale Increased to 32m Shrs: Terms --> Priced @ €6.35/sh.
- CON GY : Elektrobit Sells Automotive Business to Continental for EU600m
- DL NA : Delta Lloyd 1Q Solvency Ratio Rises to 208%; Premiums Increase
- DBK GY : Deutsche Bank Seen Reviewing Moving Part of UK Ops to Germany:FT
- DPW GY : Deutsche Postbank Chairman Neske to Leave, Handelsblatt Reports
- DUFN SW : Dufry Offers Early Conversion of Up to CHF275m Convertible
- EXAE GA : Hellenic Exchanges Posts 1Q Net Income of EU4.1m Vs EU4.8m
- JEN BB : Jensen-Group 1Q Rev. Rises 34% on FX; Profitability Seen In Line
- BAER VX : Julius Baer End-April AUM Falls 1% From End 2014 to CHF289b
- LEAS BB : Leasinvest RE 1Q Adj. EPS Drops to EU1.13; Forecasts Maintained
- MB IM : Bollore Raised Stake Further in Mediobanca, Corriere Reports
- MONY LN : Moneysupermarket.com Founder Nixon Selling Shrs in Bookbuilding
- NOK1V FH : Uber Joins Baidu as Nokia’s Maps Unit Draws Multiple Bidders
- NOVOB DC : Novo Faces U.S. ITC Section 337 Probe After Baxter Request
- ROG VX : Illumina Files Patent Infringement Suit vs Roche’s Ariosa
- ROG VX : Roche Gets FDA CLIA Waiver for Cobas Liat PCR System, Strep A
- S32 LN : South32 Jumps on 2nd Day of Trading; Best Performer on ASX Index
- SAN FP : Regeneron, Sanofi Starting Phase 3 Study of Dupilumab in Asthma
- SEM AV : Semperit 1Q Ebit Rises 8.3% to EU20.1m; Confirms 2015 Targets
- SRP LN : Serco's sale of BPO arm may be delayed over valuation - The Economic Times http://bit.ly/1LfUJKV
- SOON VX : Sonova FY Ebita In Line With Ests., Div. Misses BDVD Forecast
- SRCG SW : Sunrise Communications 1Q Sales, Adj. Ebitda Grow; Posts Loss
- TOM2 NA : Tomtom Extends Global Pact w/ Apple for Maps; No Details Given
- UBER IPO : Dutch Govt Raises Uber Fine Ceiling to EU1m
- UTDI GY : United Internet 1Q Ebitda Misses Ests.; Keeps 2015 Outlook
- VK FP : Vallourec in talks with Ascometal about sale of Saint-Saulve steel mill – Le Echos
- VOD LN : Vodafone 4Q Organic Service Revenue Grows 0.1%
- ZAG AV : Zumtobel 2015 Profit Rises 40% After Revenue Hits Record EU1.3b