Dow +0.01% S&P -0.27% Nasdaq -1.05% Russell -0.44%
US MArket closed lower for this last day of the month. Oil was the main drivers to push mkt higher but not enough to keep it on the highs. Energy +4.% Extended gains for the month to 7.9%, WTI +9.3% to $49.44, with a gain of 7.9% for Nov. financial sector extended its November gain to 13.7%, as the month-long theme of yield curve steepening continued. Today's sharp uptick in Treasury yields weighed on rate-sensitive sectors. Utilities (-3.2%) retreated throughout the day while telecom services (-2.1%), consumer staples (-1.7%), and real estate (-1.2%) were under significant pressure from the start. health care (-1.0%) and technology (-1.2%)—kept the market under pressure throughout the day, and their underperformance was most notable when looking at the Nasdaq. Biotechnology was particularly weak, sending the iShares Nasdaq Biotechnology ETF (IBB 274.07, -6.24) lower by 2.2%. The biotech ETF narrowed its November gain to 6.8%. Month-end flows led to increased participation as more than 1.5 billion shares changed hands at the NYSE floor. US After Hours TLYS +17%, LZB +5%, SMTC +3.4% following earnings/guidance, BLUE +23% on CAR-T update... GES -14%, NQ -7%, BL -5%, SNPS -2% following earnings/guidance. Nikkei225 and S&P/ASX200 indices outperform amid respective weakness in JPY and post-OPEC surge in energy space; USD/JPY since paring some gains with retreat to ¥114 amid overall USD weakness. Feb WTI contract adds another 1% to gains, testing $50/brl for the first time in a month. China PMI data mixed. manufacturing and non-manufacturing prints at highest level since mid-2014. BOJ Sakurai: BOJ to continue purchasing large amounts of JGBs to control interest rates; no change in stance
Nikkei +1.12% Hang Seng +0.37% CSI +0.50% Shanghai +0.43%
Eur$ 1.0620 CNH 6.9008 CNY 6.8934 JPY 114 GBP 1.2528 CHF 1.0148 RUB 63.8684 WTI $49.86 +0.85%
S&P -0.17% EuroStoxx -0.36% Dax -0.26% SMI -0.39% FTSE -0.28%
Macro :
- FTSE 100 to Include ConvaTec Group, Smurfit Kappa
- Watch Italy-Exposed Banks, Volatility If Big Protest Vote: Citi
- Emerging Mkts Outflow to Continue on U.S. Rates Outlook: BNPP IP
- China Nov. Manufacturing PMI at 51.7; Est. 51.0
- Goldman Sees Further Upside to WTI Crude to $55 After OPEC Deal
Keep an eye on :
- AF FP : Janaillac Sees Air France-KLN FY Ebit Close to EU1 Bln: Echos
- BAS GY : Gurit Buys BASF’s PET Structural Foam Business
- BRE IM : Brembo to Temporarily Exit FTSE MIB at Dec. 16 Close
- CABK SM : CaixaBank Says ECB Requires Phase-In CET1 Of 7.375%
- CTEC LN : FTSE 100 to Include ConvaTec Group, Smurfit Kappa
- CSGN VX : Credit Suisse Investor Day to Focus on Costs, Capital, Citi Says
- EKTAB SS : Elekta 2Q Adj. Ebita Misses Lowest Estimate in Range
- LIN GY : Linde Chairman Reitzle Said to Favor Praxair Offer: Handelsblatt
- MMT FP : M6 Group Unit Acquires 51% of Cashback Company iGraal
- MTGB SS : MTG Plans to Raise Stake in InnoGames Further During 2017
- PNL NA : Bpost SA Makes Final, Improved Proposal to PostNL,
Offer now EU 3.201 cash, EU 0.1202 shares per PostNL share,Offer amounts to EU5.75 per PostNL share- COL US : Starboard Said to Push Rockwell Collins to Reconsider B/E Deal
- REP SM : *REPSOL SAYS BOARD APPROVES EU0.35/SHARE SCRIPT DIVIDEND
- RR/ LN : Rolls Royce Wins Trent 7000 Engine Order from Aircalin; No Terms
- SGL NA : SGL Carbon Subscription Rights Price Guidance EU0.65-0.70: Terms
- SKG ID : FTSE 100 to Include ConvaTec Group, Smurfit Kappa
- LOCAL FP : SoLocal Says Creditors Approve Financial Restructuring Plan
- SYNN VX : ChemChina Said to Set Up $5b Fund for Syngenta Bid: Basis Point
- MF FP : Wendel NAV EU139.5/Share at Nov 18; 3Q Sales Rise 2.1%, Wendel Plans EU3b-4b in Equity Investments Between 2017-20