Dow-0.69% S&P-0.84% Nasdaq-1.07% Russell-0.30% VIX +28.43 (+9.14%)
US market closed lower, with oil trading down and then up...crude prices were down 3.6% in early trading to $43.60 per barrel. They would settle the day up 8.8% at $49.20 per barrel, representing a huge 13% swing from low to settlement price. (EIA showdaily prod. in the US sharply down, OPEC ready to talk on prod. cut, big short covering end of the month)...Energy Sector was -2.6% and closed +1.1%...volume were above average @ 1.08bil shares. For the month of August, the Dow, Nasdaq, S&P 500, and Russell 2000 declined 6.6%, 6.9%, 6.3%, and 6.3%, respectively. US After Hours TRVN +35% on positive data, MTRX +6% on earnings, SUNE +4.6% (Point72 Asset Management discloses 5.1% passive stake)....For the 2nd straight day, Shanghai Composite is among the worst performing indices in the far east and S&P500 futures are down as much as 1.5%. The weakness was on display from the get-go, though the latest PMI figures have not helped matters one bit. Official manufacturing China PMI fell into contraction for the first time in 6 months and Services PMI slowed to a 3-month low. Reserve Bank of Australia policy statement was perhaps slightly less dovish than anticipated, sending AUD/USD up 20pips to 0.7150 in the wake of the announcement. Japan MoF released Q2 Capex below expectations, but corporate profits were up sharply at 23.8% v 2.2%e. After the release, MoF official said the figures show continued moderate recovery. August final manufacturing PMI slowed slightly from prelim, but remained in expansion for the 4th straight month. USD/JPY pair is down for the 2nd straight day, falling another 60pips to 120.60 amid risk off flows
Nikkei -3.35% Hang Seng -0.50% Shanghai -1.47%
Eur$ 1.1287 CNY 6.3699 JPY 120.45 EURCHF 1.0839 GBP 1.54 RUB $65.15 WTI $47.88 (-2.68%)
S&P -1.84% EuroStoxx -2.45% Dax-2.40% SMI -1.57%
Macro :
- China’s Official Factory Gauge Shrinks to Lowest in 3 Years
- PBOC Said to Impose Reserve Requirement on Yuan Forwards Trading
- China Seeks to Boost M&A, Dividends, Buybacks to Buoy Shares
- A Corner of the Oil Market Shows Why It’s So Tough to Read China
Keep an eye :
- ALB SM : Alba 1H Net Falls 48% to EU150.5M on Fewer Asset Sales
- BES PL : Banco Espirito Santo Unable to Disclose 1H Results at the Moment
- BVI FP : Bureau Veritas 1H Adj. Operating Profit in Line, Confirms Target
- BPTY LN : Bwin.party tells GVC it will switch recommendation to 888 bid; considering post-deal disposals
- HEIA NA : Heineken Said to Offer to Buy 29% of United Breweries Ltd.: CNBC
- MPIO PL : Caixa Economica Montepio 1H Loss EU28.9m vs Net EU6.2m Y/y
- DIE BB : D’Ieteren Raises Profit Forecast as 1H Adj. EPS Climbs 63%
- MRL SM : Merlin Properties 1H Ebitda EU57.3M
- NOVN VX : Novartis Receives EU Approval for Tafinlar, Mekinist
- NUM FP : Alcatel’s Combes Named COO of Altice, Chairman of Numbericable
- PC IM : Pirelli bidders have two financing options following public offer
- RSA LN : Daily Mail quating Genrali & Allianz could be interested in bidding for RSA -
- SCYR SM : Sacyr 1H Ebitda Rises 50% to EU155 Million, Sacyr Sees 2016 Ebitda Reaching 2014 Levels, Chairman Says
- SYNN VX : Syngenta Says U.S. Approves Solatenol Fungicide