US Market Closed slightly higher , leaded by small caps, M&A was still in focus, Overall, cyclical sectors were responsible for the bulk of yesterday's rally, while only one countercyclical group—health care—finished in the green. The other three—consumer staples, telecom services, and utilities—posted losses between 0.3% and 1.6%. Utilities was worst performer yesterday -4.4% MTD but still +8.6% YTD. volume were light @ 573mil shares...no economic data today...VIX @12.42 -0.16%...US After hours TEDU +3.5%, NPTN +1.2%, PRGN +0.5%, URBN -4.4%, PLAB -1.4%, PWRD -0.6% following earnings/guidance...Nikkei +0.62%...HS+0.66%...Shanghai+0.20%...China higher on report og IPO reform, UBS lowered China 2014 GDP Target to 7.3% from 7.5% & 2014 GDP Target to 6.8% from 7%
Eur$ 1.3708 S&P Fut -0.07% European Fut Unch
Keep an ey on :
- AFR LN : Afren 1Q Net Oil Production 35.5kbbl/d in Line With Expectations
- AZN LN : Pfizer: Can Boost Astra Offer If Final Proposal Less Than £55/Sh
- BP/ LN : BP Faces Billions in Spill Payments After Court Upholds Deal
- CMA FP : Italcementi Says Fixed Price at EU79.5/Shr on Ciments Francais
- COB LN : Cobham Said to Buy Aeroflex for $900m, Or $10.50/Share, Placing 65m Shares to Fund Aeroflex Purchase
- CSGN VX : Credit Suisse Says U.S. Settlements Cut 2Q Net by CHF1.6b
- ANN GY : Deutsche Annington Shares Said to Be Offered at EU19.25-EU19.50
- GTO FP : Apple Mobile Payments May Benefit V, MA, AXP, Hurt Gemalto: MS
- HOT GY : BofAML Exploring Leighton Property Asset Sale Options: AFR
- INGA NA : ING May Want to Sell Dutch Private Equity Fund, Telegraaf Says
- ISP IM : Intesa to Buy Out Monte Parma in Cash, Messaggero Reports
- MKS LN : Marks & Spencer Fy Adj. Pretax Beats Ests.
- MOR GY : Morphosys Says MOR208 to Get FDA, EMA Orphan Drug Designation
- SEM AV : Semperit 1Q Ebitda Rose 14% to EU33.4m; Outlook Confirmed
- SOON VX : Sonova FY Sales Beat Estimates, Proposes 19% Dividend Increase
- UBM BB : UBM Removed From CL at Goldman; Sees Better Upside Elsewhere
- UTDI GY : United Internet 1Q Sales Beat; Confirms Forecast for Full Year