US MArket closed Lower with small cap leading retreat (Russell -1.45% - Q3 : -7.9%), mkt moved down with two commodity relates sectors Energy -1.2% (Q3 -9.2%), crude oil -3.6% ($91.16 - Q3 : -13.6%)...the materials sector (-1.2%) stumbled in reaction to sliding prices of metals. Silver plunged 2.9% to $16.85/ozt, while gold (-0.6% to $1211.40/ozt) and copper (-1.6% to $3.01/lb) held up a bit better. Large cap components displayed strength with Apple(AAPL 100.75, +0.64), CiscoSystems (CSCO 25.17, +0.24), and Visa (V 213.37, +2.44) climbing between 0.6% and 1.2%...for the last day of Q3 volume were above average @ 910mil shares...VIX @ 16.31 +2.07%...first case of Ebola in the US...After Hours Summary: Ebola drug stocks higher (TKMR +21%, HEB +19%, NLNK +16%)/airline stocks lower on US Ebola case... WPRT -19%, SYNC +10%, ASEI -8% on guidance...China official manufacturing PMI figure released despite the market holidays in Shanghai was a decimal above consensus, however state economists noted sentiment remains weak as decline in new orders reflects business destocking. New export orders rose slightly to 50.2, employment component remained unchanged, and input prices fell 1.9pts to 47.4, boding poorly for September inflation data. Separately, China Real Estate Index System saw home prices in the largest cities fall 0.9% - a 5th consecutive decline and the biggest drop since 2010...Bank of Japan's Q3 Tankan Survey topped consensus for manufacturing components but missed widely in services...Nikkei -0.32% Hang Seng -1.28% Shanghai +0.26%
Eur$ 1.2623 S&P -0.09% EurosToxx -0.59% FTSE -0.41% Dax -0.43% SMI -0.27%
Macro
- French Budget Delays 3% Deficit Goal to 2017, Echos Says
- Italy to Reach Balanced Budget Target in 2017, Padoan Says
- ECB to Propose Buying Lower-Rated Greek, Cypriot Assets, FT Says
- Emerging-Market Stock Index Gives Up All Its Gains This Year
Keep an eye on :
- AAPL US : Apple Said to Add Gold Option to IPad in Effort to Boost Sales
- AFR LN : Afren Says Review Hasn’t Found More Improper Payments (Earlier)
- AIR FP : Airbus A320Neo Backlog to Top 3,500 by Yr-End CEO Tells Figaro
- ALU FP : Alcatel-Lucent Closes Sale of Enterprise Unit to China Huaxin
- AMS SM : Lufthansa Pension Trust Offers Amadeus Shares for Sale
- EDF FP : EDF’s Fessenheim Nuclear Plant Closure to Cost EU5B: Report
- ENX FP : Euronext CEO Sees Consolidation of European Exchanges, FD Says
- GLEN LN : Glencore Zambia Unit Warns of Investment Cuts Amid Tax Dispute
- ISP IM : BlackRock, Fidelity Possible Intesa Eurizon Partners: Il Sole
- LHA GY : Lufthansa Strike to Cost in Double-Digit Millions, Bild Reports
- NEO FP : Neopost 1H Rev. EU530.7m vs Est. EU530.3m
- NOBN SW : Danaher Bid for Nobel Biocare to Run Oct. 16-Nov. 14
- ORA FP : Bpifrance to Sell 50m Orange Shares, 1,9% stake, transaction will cut stake to 11,6% (GS, BNP) - shares offered @ €11.60/shr to market
- POP SM : Banco Popular Says in ‘Comfortable’ Position for ECB Review
- RBS LN : RBS Issues 23.9m New Shrs to Neutralize Hybrid Capital Coupons
- RIO LN : Rio Tinto and Glencore could save AUD 500m per annum by combining NSW coal assets
- SAZ GY : Stada Talks on Longer Working Hours Fail, FAZ Reports
- TSCO LN : Tesco to Sell or Shut Blinkbox Video Business: Times
- O2D GY : Telefonica Deutschland Completes Purchase of E-Plus From KPN
- FR FP : Valeo Says Output Fluctuates on Demand in Response to Report