US Market closed lower...equities slumped to lows in a move that coincided with a headline from the International Monetary Fund reminding investors that global growth remains uneven and fragile with persistent downside risks....only 2 sectors were up (Telecom & Energy)...volume were still light @ 688mil shares...VIX @ 15,50 +11,75%...FB to buy for $16b ($4b cash + $12b of stock) --> FB-4%, BBRY +9% after hours...on potential higher value for BBM Messenger...TSLA +12% after numbers...After an unexpected contraction in China HSBC manufacturing PMI last month,
conditions deteriorated further in February. February flash PMI slumped to a 7- month low of 48.3, new orders component fell below 50 for the first time in seven months, and the Employment sub-index hit the lowest reading since Feb 2009...To complicate matters further, PBoC once again flashed its tilt toward a tightening bias with another large liquidity drain....Japan trade conditions remain dire, with January figures showing the biggest deficit on record...Nikkei -2.15%...Shanghai -0.26%
Eur$ 1.3750 S&P Fut -0.22% European fut. -0.87%
- Swiss January Exports Rise 2.5% M/m; Imports Fall 2.3% M/m
Keep an eye on :
- AC FP : Accor Ebit Beats Ests., Says Benefiting From Global Recovery
- ADP FP : Aeroports de Paris 2013 Net EU305m vs Est. EU309m
- AF FP : Air France FY Ebitda Beats Est.; Reiterates 2014 Profit Target
- AGN NA : Aegon 4Q Underlying Profit Rises to EU491m; Dividend Plan Misses
- BAMNB NA : BAM Group 2013 Sales, Pretax Profit Fall
- BAYN GY : Merck Unit Eyed by Cos. Including Bayer, Novartis: {http://bsun.md/1kYzcMC}
- BBVA SM : BBVA Sells 6.8% of Tubos Reunidos to N+1, Cinco Says
- BN FP : Fresenius May Bid on Danone Nutrition in $5.5b Deal: Reuters
- BN FP : Danone 2013 Underlying EPS Misses Ests, 4Q LFL Sales Growth Beat
- BOL FP : Bollore Ready to Finance Electric Car Charging Network: Parisien
- CAP FP : Cap Gemini 2013 Rev. In Line, Net Beats; Beats BDVD Forecast
- CNP FP : CNP Assurances 2013 Net Income Misses; Dividend Plan In Line
- DB1 GY : Deutsche Boerse 4Q Ebit Eu189.5m vs Eu185.2m Y/y
- DEXB BB : Dexia Posts 2013 Loss of EU1.08b, Sees CAD Ratio of 16.1%
- DIA SM : Dia 2013 Adj. Ebitda In Line, Net Misses, Keeps EPS Target
- DLG GY : Dialog Semiconductor 4Q Gross Margin Beats Estimates
- EML NA : Apollo May Become Main Endemol Shareholder After Debt Deal: FD
- G IM : Generali Legally Challenges Settlement Agreement of Former CEO
- GSZ FP : GDF Suez, Veolia Said to Bid for Mubadala Abu Dhabi Utility Unit
- HEN3 GY : Henkel 4Q Organic Sales Growth Misses Estimates
- ING FP : Ingenico 2013 Net Matches Est., Ebitda Beats Est.
- LLOY LN : Lloyds Set to Domicile TSB in England Amid Share Sale: Telegraph
- MAIL LI : Mail.ru Sees 2014 Revenue Growth 22%-24%
- NOVN VX : Merck Unit Eyed by Cos. Including Bayer, Novartis: {http://bsun.md/1kYzcMC}
- UG FP : EU Approves France Raising Peugeot Stake, Les Echos Reports {http://bit.ly/1d1nwk4}
- PFC LN : Petrofac Wins ~$1.2b Contract From BP for Oman Gas Project
- PTC PL : Portugal Telecom 2014 Capex in Portugal Below EU400m, CFO Says
- RAND NA : Randstad 4Q Sales Slightly Below Ests, Co. Sees Gradual Recovery
- RF FP : Eurazeo Said to Appoint Rothschild to Explore IPO for Europcar
- SAF FP : Safran Sees 2014 Adj. Rev. Growth in Mid-Single Digits
- SEV FP : Suez Env. Sees 2014 Ebitda Organic Growth Equal to or >2%
- SGO FP : Saint-Gobain 2013 Net EU595m vs Est. 867m, De Chalendar Says 2014 Looking Better Than 2013
- SUN SW : Sulzer 2013 Ebit Beats Estimates; Sales, Orders Fall
- SREN VX : Swiss Re 4Q Net Income Beats Estimates, Plans Special Dividend
- TEC FP : Technip 4Q Net EU135.5m in Line With Ests.; Backlog EU16.6b, CEO Sees Moderating Capex Growth of Oil Companies
- TEC FP : Marubeni Ties Up With Technip on Offshore Wind Farms: Nikkei
- TCH FP : Technicolor Sees Adj. Ebitda EU550m-EU575m, Positive Net in 2014
- TTK GY : Takkt 2013 Ebitda Misses Ests., Sees Return to Growth in 2014
- HO FP : Thales 2013 Net Beats Est.; Sees Stable 2014 Rev.
- TUI GY : TUI AG 15.7% Stake Being Sold by Monteray, Goldman Says, shares said offered @ E13,25