Dow +0.25% S&P +0.57% Nasdaq +0.95% Russell +1%
US Equities closed higher again...nine of the eleven sectors settled the day in positive territory with the influential health care group (+1.7%) leading the charge after closing above its 50-day simple moving average (919.36) for the first time in three weeks on Wednesday. Biotech names showed particular strength, sending the iShares Nasdaq Biotechnology ETF (IBB 333.35, +9.03) higher by 2.8%. top-weighted technology sector (+0.7%) also finished ahead of the broader market on Thursday as Apple (AAPL 164.00, +0.65) added another 0.4% to settle August with a monthly gain of 10.3%. The tech sector was the top-performer in the month of August, climbing 3.2% to extend its year-to-date advance to 25.3%. the heavily-weighted financial space (unch) settled with the telecom services sector (-0.5%) at the bottom of the sector standings, extending its monthly loss to 1.9%. crude oil climbed 2.6% to $47.14/bbl, breaking its four-session losing streak. Tropical Storm Harvey remains a key factor in the crude and gasoline futures market as it has forced the closure of many refineries along the Texas coast. Thursday reports indicate that Motiva Enterprises' Port Arthur refinery, the biggest in Texas, may be shut down for up to two weeks. SU After Hours PANW +5.5%, NTNX +5.5% higher and TECD -19.2%, AMBA -9.3%, COO -1.9% lower following earnings / guidance; APVO surging 114% higher on hyperimmune commercial products sale / ph 1 prelim data news. With the US payrolls report due later today, Asian equity markets have generally seen little volatility. On data front, Japan’s Q2 CAPEX missed expectations and this has led to speculation that Q2 GDP could be revised lower from the preliminary annualized reading of 4.0%. China’s Aug Caixin Manufacturing PMI, which hit the highest level since Feb, had little noticeable impact on markets, as it followed Thursday’s release of the official PMI figures. PBoC reiterates 'prudent and neutral' monetary policy; Property market has become major source of financial risk; Cannot expect use of ‘pure’ monetary policies to address problems in the property market; China should keep tight property curbs in main cities; mulling measures related to home mortgage loan growth to reduce volatility related to property market prices; Reiterates property market tax reform should be included in broader tax reform considerations – Publication
Nikkei +0.23% Hang Seng -0.12% CSI -0.02% Shanghai +0.02% Shenzen +0.36%
Eur$ 1.1890 CNH 6.5833 CNY 6.5838 JPY 110.12 GBP 1.2916 CHF 0.9609 RUB 58.0644 WTI$ 46.88 -0.74%
S&P +0.08% EuroStoxx +0.23% FTSE -0.02% Dax +0.14% SMI +0.09%
Macro :
- French August New Car Registrations Rose 9.4% to 107,462
- Caixin China Aug. Manufacturing PMI 51.6; Est. 51
Keep an eye on :
- AC FP : Accor Confirms Etchandy-Stabile Leaving HotelServices France
- APPL US : Apple Sends Out Invitation for Sept. 12 Event in Cupertino
- GTO NA : Gemalto Sees Full Year Operating Profit EU293 Mln To EU323 Mln
- SIE GY : Siemens Is Said to Invite Advisers to Pitch for Healthineers IPO
- GLE FP : SocGen Scraps Management Layer as New Organization Goes Live
- ILD FP : Iliad First Half Net Income EU232.6 Mln
- VIV FP : Vivendi 2Q Rev. Beats Est.; Confirms FY Outlook
- VIV FP : Vivendi Proposed JV w/ Telecom Italia, Canal+ in Content, Has No Plans For UMG IPO Currently, CEO Says
- VIV FP : Vivendi 2Q Will Support Sentiment, 2H Looks Tougher, Citi Says
- VOLVO SS : Volvo Cars is Confident in E-Car Strategy, CEO Tells HB
- VOW GY : VW Wins Dismissal of Wyoming Diesel-Cheating Environmental Suit
- VOw3 GY : VW to Offer U.K. Drivers up to 7,000 Pnds in Diesel Rebate: FT