Dow+1.47% S&P+1.91% Nasdaq+2.28% Russell+1.55% VIX 24.50 (-8.68%) WTI $45.39 (+0.35%) GOLD -1.11% 10Y -1.05b to 2.04% Brazil +2.10%
US market ended the midweek session on a higher note, but could not avoid its second consecutive monthly decline. The S&P 500 gained 1.9% on Wednesday, but surrendered 2.7% in September. The tech-heavy Nasdaq Composite (+2.3%) outperformed today, but lost 3.3% for the month. Today was also end of Q3, S&P 500 fell 6.9% versus a 7.4% decline in the Nasdaq for this Q, today's session has been clearly impacted by window dressing. The iShares Nasdaq Biotechnology ETF (IBB 303.33, +13.85) surged 4.8%, narrowing its September loss to 11.3%. For its part, the health care sector lost 5.8% in September. arge cap tech names with the likes of Google (GOOGL 637.20, +14.59), Microsoft (MSFT 44.20, +0.76), and Facebook (FB 89.73, +3.06) gaining between 1.8% and 3.5%. Western Digital (WDC 79.40, +10.53) surged 15.3% after Unisplendour made a $3.78 billion investment in WDC by acquiring newly issued shares at $92.50/share. Barracuda Networks (CUDA 15.58, -7.97) plunged 33.8% after cautious guidance overshadowed a one-cent beat. Volume were above average with more than 1bil shares traded. US After Hours CAFD +3.2%, USAT +0.4% following earnings/guidance, VRSK (+4.8%) to enter S&P500, replacing JOY (-2.2%)...China PMIs. Official manufacturing PMI was in contraction for 2nd straight month but not as poor as feared, while Caixin also improved and beat out projections. Caixin economist did note that the pressure driving the decline of manufacturing has eased, though there is still tepid demand amid general oversupply of manufacturing. Services PMIs were unchanged for official level and slightly lower for the SME-oriented Caixin gauge. Japan Q3 Tankan survey from the BOJ came in mixed - Manufacturer Index was actually slightly below consensus and Non-manufacturing topped estimates. BOJ official said firms appear to be retaining their CAPEX plans despite the slowdown in China, and that the central bank does not anticipate sharp deterioration in conditions ahead...OZ Minerals (OZL AU) +19.5%, KKR to buy 10%...
Nikkei +2.25% Hang Seng +1.41% Shanghai +0.48%
Eur$ 1.1142 JPY 120.22 CNY 6.3571 GBP 1.5130 BRL 3.9475 EURCHF 1.0883 RUB$ 65.3585 WTI $45.76(+1.49%)
S&P +0.75% EuroStoxx +1.4% Dax+0.95% SMI+1.15%
Macro :
- European Commission Said Set to Take HK Off Tax-Haven List: SCMP
- Greek Securities Regulator Extends Short-Selling Ban for Banks
- Russia May Cut Rates in October If RUB Stronger Than 65/USD: RBS
- Brazil Said to Consider Key Rate Hike If Budget Plan Derails
- China to Lose Earliest Manufacturing Gauge as Flash PMI Ends
- Japan Inc.’s Confidence Is Waning as Headwinds Hit Abenomics
- GPIF Swims Against Tide With Move Into Junk, Emerging Bonds (1)
Keep an eye on :
- ABE SM : Regulator CNMV Authorizes Abertis Offer for Own Shares
- ADS GY : Adidas to decide whether to sell its golf operations by March; plenty of interest - Borsen Zeitung
- AF FP : Air France Says Talks With Pilots on Cost Cuts Have Failed
- AZN LN : AstraZeneca Says Psoriasis Patients Benefited From Brodalumab
- BT/A LN : U.K. Telecom Minister a ‘Sceptic’ About BT Broadband Split: FT
- CORL BB : Colruyt Sees FY Net At Least EU362m vs Est. EU358m; Rev. Up 2-4%
- DLG GY : Dialog, Amtel Amend Merger Agreement to Detail Required Votes
- EDCL LI : Eurasia Drilling Sees FY Ebitda Margin at 26%; Keeps Sales Est.
- FCA IM : Ferrari Said on Track to Get EU10b Value in IPO
- GAS NA : Gas Natural to Buy EU450m of Repsol’s Gas Distiribution Assets
- GLEN LN : say Glencore has $50B in speical financing, if its credit dwg to junk, cost of capital will be lower than competitors - told in investors meeting today, reported by CNBC
- GLEN LN : +15% in HK @ 93.2p vs 91.55 yest in ldn
- GLEN LN : Nidera Rogue Trader Said to Have Lost Around $200m: WSJ
- GLEN LN : CHS May Be Interested in Glencore Assets at Right Price: Reuters
- ING NA : ING Sells 40m NN Group Shrs at EU25/Shr, Raising EU1b
- IAG LN : Spanish Air Traffic Controllers Agree to End Strikes
- SDF GY : Potash Offered K+S Board Jobs, More Money in Takeover Talks: FAZ
- LHN VX : Lafarge Signs Pact for Sale of Cement Shrs to CRH Aboitiz
- RDSA NA : Shell Declares Force Majeure on Forcados Exports in Nigeria
- TNTE NA : Tyrus Capital Cuts Net Short Position in TNT to 0.38%: Filing
- UBI FP : SOHN CANADA: FrontFour’s Lorber Likes Ubisoft
- VIV FP : YouTube May Start Pay Version at End Oct., Les Echos Says
- VOW3 GY : VW Says Emissions Issue Affects 683,626 Vehicles in Spain