US Black Friday report card is mixed - online sales as measured by ChannelAdvisor exceeded estimates with a 22% y/y increase while National Retail Federation said 2014 Thanksgiving spending was down 11% y/y as a result of heavy discounting that started early. Traffic fell 5.2% y/y, and Online sales were about 43% of total, little changed from 2013...Ahead of this week's ECB decision, Bundesbank's Lautenschlaeger hardened the German opposition to expanding QE, noting a "broad purchase program of government bonds does not give a positive outcome" in consideration of costs and benefits. She added that long-term interest rates in Spain and Italy are already lower than in US and UK, urging for unanimous monetary policy to maintain price stability...Jan crude oil extended its decline to as low as $64.10 - a 4 1/2 year low - as traders in Asia responded to a post OPEC-production hold with a follow-through selloff. Gold was also a big mover in commodities space, falling over $20/oz as Swiss "NO" vote on gold-reserve minimum referendum was defeated by a sound margin. Silver tracked gold losses with its own outsized decline... China twin PMIs for November saw an 8-month low for the Official and a 6-month low for HSBC Final prints respectively, Employment component deteriorated another 0.2pts to 48.2, while Export orders fell 1.5pts to 48.4. The final HSBC PMI remained on the cusp of falling into contraction, even though HSBC chief China economist forecasted stabilisation in property and manufacturing sectors in the coming months thanks to the latest PBoC rate cuts. Separately in China, the Cabinet unveiled the details on proposed bank deposit insurance, covering 100% of deposit amount up to CNY500K. In Hong Kong, tensions resurfaced after police authorities were forced to use batons and pepper spray against protesters attempting to surround the office of Chief Executive Leung...Japan Q3 CAPEX figures were much better than expected, prompting analysts to offer rosier projections for Q3 GDP than initially reported. Recall the preliminary GDP figures plunged Japan into a technical recession and sealed the delay in 2nd round sales tax hike. Japan final manufacturing PMI saw a downtick to 52.0, even though new orders and employment components rose. PM Abe said he would undertake more steps to boost consumption, declaring "Abenomics is still only halfway" to achieving its goals....Nikkei +1.23%...Hang Seng -2.16%...Shanghai +1.99%...
Eur$ 1.2451 S&P -0.40% EuroStoxx -0.62% Dax -0.59% SMI -0.31%
- Fed’s Policy Will Remain Loose Longer Than Anticipated: Corbat
- Berlusconi Suggests Amato as Italy President Candidate: Corriere
- Swiss Voters Reject SNB Gold Initiative, Government Says
Keep an eye on :
- AIR FP : Airbus Group Sells 810,072 Dassault Aviation Shrs for EU980/Shr -- > raised over $1bil
- BBY LN : Balfour Beatty set to receive £1bn offer for investment arm - FT
- BEN IM : Benetton Holding Sintonia to Dissolve Investor Accord: Sole
- BT/ LN : BT investor backs multi-billion-pound rights issue to finance mobile acquisition
- CA FP : Carrefour sounding out investors about potential Carmila IPO
- CU FP : Club Med: Bonomi has until 13 December to improve offer
- BN FP : Fresenius Seen Pulling Out of Bidding for Danone Unit: Reuters
- AM FP : France Has Preemption Right Over Dassault Aviation Stock: Echos
- GFJ GY : Deutsche Annington Agrees to Buy Gagfah for EU18/Shr --> +13.8% in pre-market
- G IM : Italy Insurance Industry Sufficiently Capitalized: Regulator
- GSK LN : GlaxoSmithKline Said to Plan Reorganization, U.S. Job Cuts
- DEC FP : JCDecaux Says Can Keep Growing Very Significantly: Le Figaro
- JMT PL : Jeronimo Martins May End 2014 With About 80 Ara Stores: Expresso
- NOVN VX : Novartis Doesn’t Exclude Cooperation With Roche: Le Temps
- NOVN VX :Novartis Says Study in PPMS Didn’t Meet Primary Endpoint
- NUO NA : Nutreco Appoints Bank of America Merrill Lynch, Skadden Arps
- NUO NA : Nutreco Buys Two Brazilian Companies, Increases Rev. by EU75m
- ORA FP : KKR, Apax Looking to Buy EE If No Deal With BT Group: Reuters
- PG US : P&G Said to Explore Possible $7b Sale of Wella Unit: Reuters
- PTC PL : Semapa Sees PT Portugal Investment as Long Term,
- PTC PL : PT Portugal suitor Altice's raised bid of EUR 7.4bn beats rival Bain/Apax offer
- PHIA NA : Philips Acquires Minority Stake in Image Stream Medical
- REE SM :Red Electrica Forms EU4.5B 2015-19 Strategic Plan: Expansion considers acquisitions for international expansion
- SRP LN : Serco BPO will be acquired by UK-based BPO or bidding consortium comprised up of private equity (PE) funds and CEO Susir Kumar
- SBMO NA : SBM to Sell Vessel to JV With Ocean Yield for $150m in Cash
- TECN SW : Tecan Confirms Operating Profitability Target; 2015 Growth
- TEF SM : Telefonica mulls bid for KPN's 20.5% stake in Telefonica Deutschland
- TKA GY : ThyssenKrupp Steel Europe to Name Premal Desai CFO: Handelsblatt
- TIT IM : Telecom Italia Outlook to Stable From Negative by S&P
- VOD LN : Vodafone Asks Italy Authority to Review Any Metroweb Deal: Sole
- VOD LN : Vodafone Said to Explore Combination With Liberty Global
- VOD LN : Vodafone in Talks to Take Over Tesco’s Blinkbox Unit: Telegraph
- ROL SW : Von Roll Sees FY Negative Impact of CHF33m From Transformer Sale
- WHA NA : Wereldhave to Sell 13.3m Shrs for EU41.23 Apiece in Rights Issue