Dow-0.02% S&P+0.02% Nasdaq+0.50% Russell-0.48%
US market ended the Wednesday affair on a flat note as the major averages rebounded following a hawkish reading of the FOMC's April minutes. minutes from the April FOMC meeting indicated that a June rate hike remains wholly on the table. The committee did note that it would continue to assess incoming economic data and whether it was consistent with the Fed's dual mandate. As a result, the fed funds futures market ended the day with a 33.8% likelihood of a rate hike at the June meeting, compared to yesterday's 15.0% probability. Financial (+1.9%), technology (+0.5%), and health care (+0.3%) outperformed. TGT pressured Retail Sector. Seven sectors ended in the red with utilities (-1.9%), materials (-1.5%), telecom services (-1.4%) and consumer staples (-1.0%). Volume were below average at 758mil shares. Asian equity markets are mixed even though today's US meeting minutes from the Fed gave their clearest indication that June FOMC meeting is live for a rate hike, investors will now pay even more attention to the next US jobs report on June 3rd and external factors such as the likelihood of a Brexit. In Japan, a private survey estimated the 1.7% annualized rise to be overstated due to the Leap Year effects, with actual adjusted growth closer to 0.5%. There was also more speculation surrounding plans for the next round of sales tax increase as Nikkei reported the decision will be made after the upper house elections this summer.
Nikkei +0.01% Hang Seng -0.45% CSI +0.27% Shanghai +0.50%
Eur$1.1210 CNH 6.5672 CNY 6.5477 JPY 110.33 GBP 1.4572 CHF 0.9884 RUB$ 66.2897 WTI$47.50 -1.43%
S&P -0.21% EuroStoxx-0.51% Dax -0.54% SMI -0.13%
Macro :
- Most Fed Officials Saw June Hike ‘Likely’ If Economy Warranted
- Ackman, Icahn, Loeb Said to Back New Lobby Group: Reuters
- European Commission Wants Movie Tax on Netflix: Politico
- Banks Are Europe’s Key Sector Call Now, Go Overweight: Bernstein
- GE Sees No Need for ‘Dramatic’ Move in Oil and Gas M&A: CEO
- Renzi Says Italy to Lower Personal Income Tax in 2017
- French PM Valls on French Radio : Executive pay is too high, is "immoral", will legislate on Exec. pay!!!!
Keep an eye on :
- AGS BB : Ageas 1Q Insurance Profit Beats Ests. on Gains in Life Business
- BAYN GY : Bayer Confirms Preliminary Talks for Monsanto Acquisition
- DL NA : Delta Lloyd Seeks Van Lanschot Stake Sale Before Brexit Vote: FD
- DVT FP : Devoteam 1Q Rev. Rises to EU133m, Boosted by Acquisitions
- ENEL IM : Enel to Present Offer for Metroweb Today or Tomorrow: MF
- ELE FP : Allianz Unit to Sell 3.9m Shares in Euler Hermes: Statement, Co to buy back shares (4.9%)
- FB US : Facebook Must Face Privacy Class Action Over Message Scanning
- FFP FP : Peugeot Family Fund FFP Is Candidate for Lyon Airport: Echos
- GATE SW : Gategroup 1Q Net Loss CHF6.5M vs CHF38m Loss
- HEN3 GY : Henkel 1Q Adj. Operating Profit Beats Est.; Confirms ‘16 Outlook
- BAER VX : Julius Baer End-April AUM Rise 2% to CHF305b, FX Impact Negative
- KU2 GY : Midea Wants to Help Kuka Grow in China, Gu Tells Handelsblatt
- KUNN VX : *EQT SETTLES TAKEOVER OF KUONI GROUP; HOLDS 98.02% VOTING RIGHTS
- MHG NO : Marine Harvest Exits NOK1.15b Stake in Grieg Seafood
- NOVN VX : Novartis Expands Entresto Clinical Trials For More Data
- ROG VX : Roche Quits China Cancer Drug Price Cutting Campaign: Bus. News
- ROG VX : Roche Wins FDA Approval for Tecentriq to Treat Bladder Cancer
- ROG VX / Chugai (4519) +2.3% on Phase 3 results
- RR/ LN : Rolls-Royce Said to Face Nigeria Probe, FT Reports
- CRM US : Salesforce Rises 5% After Boosting Yr Views; 1Q Beats
- SAN FP : Sanofi to Soon Start Testing Potential Zika Vaccines on Animals
- SEM AV : Semperit 1Q Profit Margins Rise; Still Sees ‘Stable’ 2016
- SIK VX : *SIKA GROUP REPLACES TNT EXPRESS IN THE S&P EUROPE 350 INDEX
- GLE FP : Oudea Sees Investment-Banking Revenues Rising in Line With GDP
- BID US : Sotheby’s Holder Shanda Gets FTC Approval to Boost Stake
- 7269 JP : Suzuki Motor Corp 7269.JP +3.6% (data manipulation probe)
- SPSN SW : Swiss Prime Says 1Q Results In Line; Confirms Guidance
- TEC FP : FMC Technologies and Technip to Combine: Driving Change by Redefining the Production and Transformation of Oil and Gas
- TSLA US : Tesla Drops as $2b Secondary Starts for Model 3 Ramp - {NSN O7E29O3V2801 <GO>}
- UCG IM : UniCredit CEO Ghizzoni May Step Down as Early as June 1: Sole
- LANS NA : Delta Lloyd Seeks Van Lanschot Stake Sale Before Brexit Vote: FD
- VOW3 GY : Volkswagen Says Brazil Ops Still Affected by Supply Halt