Dow -0.54% S&P -0.09% Nasdaq +0.02% Russell +0.70%
US market closed mix with big cap lower & tech higher. The health care sector assumed a leadership position in today's market, underpinned by the outperformance of the drug and biotech stocks. Those issues rallied on the other side of a meeting President Trump had with industry executives. While the president pressed his case for lowering drug prices, market participants were heartened by his added belief that regulations should be reduced and that the drug approval process should be sped up. IBB +2.8%. WTI +0,3% at $52.81/bbl. countercyclical spaces and Treasuries thrived on wary investors' actions; all five defensive spaces finished higher while the benchmark 10-yr yield closed five basis points lower at 2.44%. The utilities sector (+1.6%) was the day's top performer, while telecom services (+0.1%) eked out a small gain. US After Hours AAPL +3%, AMD +3%, ALGN +2.5% on earnings/guidance, Apple suppliers/tech names higher... MANH -2.5%, ILMN -1.5% following earnings/guidance. Asian indices are cautiously higher as US immigration policy-driven selling subsides, even though the focus on Washington remains close after today's volatility in FX markets following claims by Trump's advisor that Germany benefits from undervalued Euro. PMI data across Asia-Pacific have been mixed - China's manufacturing remained in expansion but slid to a 3-month low, as closely watched Input Price component fell to 64.5 from 69.6. Conversely, New Export Orders rose to 50.3 v 50.1 m/m and Employment rose to 49.2 v 48.9 m/m. Separately, Japan's manuf PMI was confirmed at the highest level in nearly 3 years, while Korea's PMI continued to retreat with 6th straight month of contraction.
Nikkei +0.56% Hang Seng -0.58% CSI Closed Shanghai +0.31%
Eur$ 1.0778 CNH 6.8366 CNY 6.8840 JPY 113.31 GBP 1.2555 CHF 0.9912 RUB 60.2754 WTI$ 52.74 -0.13%
S&P +0.26% EuroStoxx +0.62% Dax +0.55% SMI +0.54% FTSE +0.41%
Macro :
- Yellen Urged to Halt Talks on Global Bank Rules for Trump Review
Keep an eye on :
- ABI BB : AB InBev Investor Bevco Lux Buys Extra EU78.7m of Brewer’s Stock
- ATLN VX : J&J Says Uptravi News Was Publicly Known Before Deal Announced
- ALV GY : QBE Insurance could pursue divestitures rather than full company sale, could divest underperforming units
- SPR GY : General Atlantic Sells 1.84m Axel Springer Shares: Terms
- BBVA SM : BBVA 4Q Net EU678M, Exceeds EU520M Estimate
- EN FP : Bouygues, Cellnex Sign EU854M Agreement for 3,000 Phone Towers
- DAI GY : Daimler to operate self-driving cars on Uber’s network - TechCrunch - http://tcrn.ch/2kOQpii
- AM FP : Dassault Aviation Wants Worktime Cut; Weak Falcon Orders: Echos
- EDF FP : EDF to Cut More Jobs Than Planned to 2019, Le Figaro Says
- SFER IM : Ferragamo 2016 Sales EU1.44b; Est. EU1.42b --> Sales Update Positive, Beats in All Regions: MainFirst
- FGA FP : Figeac Aero 3Q Rev Climbs 35%, Boosted by Airbus A350 Program
- G IM : Generali May Name Goldman Sachs as Adviser: Repubblica
- GIVN VX : Givaudan interested in value-adding acquisitions - Finanz und Wirtschaft
- ITV LN : ITV Most Often Mentioned Target in 2017 Europe M&A Desk Survey
- KPN NA : KPN 4Q Adj. Ebitda Beats Ests., Revenue Matches Views
- LONN VX : Lonza Group Offering Revises Price Guidance to CHF172-174: Terms -->Lonza Shares Placed at CHF173/Share, Mid-Point of Revised Range
- MDT US : Medtronic Said to Prepare Sale of Medical-Supplies Business
- PSG SM : Prosegur 2016 Net Falls to EU134 Million
- ROG VX : Roche Said to Consider Options for Diabetes Unit Including Sale --> Roche Says It’s ‘Committed’ to Diabetes Care Unit
- SAN FP : Sanofi’s Xyzal Allergy 24hr Approved Over-the-Counter in US
- SAN FP : Regeneron, Sanofi Report Approval of Kevzara by Health Canada
- SDRL NO : Seadrill CEO Says Still Good Dialog in Restructuring Talks: DN
- SIE GY : Siemens 1Q Sales Miss, Industrial Business Profit Beats Ests, Siemens Raises Earnings Outlook for FY 2017, Margin Outcome Better Than Expected, Morgan Stanley Says
- TRELB SS : Trelleborg 4Q Sales Miss Est.; Sees Slightly Improved Demand
- SIE GY : Siemens Proposes Snabe as Cromme Successor at Supervisory Board
- UA US : Under Armour May Trade as Low as $8 in Bear-Case Scenario: Cowen
- VOLVB SS : Volvo 4Q Net Sales Beat Highest Est.; Truck Orders Up 10%
- VOLVB SS : Volvo Says Europe Truck Demand Remains at High Levels
- WCH GY : Wacker Chemie Raises 4Q Sales, Ebitda as Silicon Volumes Grow
- ZPLA LN : Zoopla to Buy Hometrack for GBP120m; Will Sell Shares