Dow-0.93% S&P-0.65% Nasdaq-0.80% Russel-0.86% FXI -2.24% VIX 15.28% (+10.8%)
US /close lower after a volatile session. Anothert volatile session in China didn't inspire investors in Europe & in the US...Energy Sector leaded the move with -2.8% performance with crude oil setling new year low at $40.80 (-4.3%)...Golds climbed 1.2% to 1,130.70. FOMC minutes helped mkt to trade on high of the day but not for long, the minutes appeared to be quite dovish with members "generally agreeing" that more information is needed before hiking rates. Furthermore, most members believed that "conditions for policy firming had not yet been achieved," but they agreed that conditions were nearing that point. Technology (-0.9%) and financials (-0.9%) ended essentially in-line with the broader market while the consumer discretionary sector (-0.2%) spent the day ahead of the benchmark index. Volume were ahead of average at 810mil shares...US After Hours : NTAP +8.1%, UNFI +2.7%, IMMU +1.1%, MOMO -9.3%, LB -2.6%, PLKI -0.8% following earnings/guidance...FOMC is not helping Asian markets, ASX led the regional selloff with a downward test of 5,300 - a multi-month low area. Hong Kong's Hang Seng also struggled with the added headwinds of the technically bearish "death cross" scenario. In Chinese press, there was more chatter that medium term GDP target could be formally downgraded to 6.5% from 7% in the coming 13th Five Year plan. PBoC also continued its open market operation easing activity, injecting another CNY120B for the day and CNY150B for the week - the biggest weekly injection in 6 months. Yuan midpoint was again set marginally higher relative to prior setting and relative to the close - the first stronger setting for the latter in 4 days. Gold pushed out to new 1-month highs around $1,139 in Asia, adding about $7 to the initial $6 jump on minutes release.
Nikkei-0.71% Hang Seng-1.60% Shanghai-1.47%
Eur$ 1.1129 JPY 123.97 CNY 6.3928 RUB $66.7306 KZT $252 (+27%) WTI $40.61 (-0.47%) GOLD $1,142 +0.74%
S&P +0.01% EuroStoxx-0.40% Dax -0.53% SMI -0.16%
Macro :
- Greece Stability Support Agreed by Whole Euro Area: Selmayr
- ESM Says Euro Area Has Approved $95 Billion Aid Deal for Greece
- Most on FOMC Saw Liftoff Approaching; Mute on Sept. or Dec. Move
- Kazakhstan Moves to Free Float of Tenge Rate, Abandons FX Band --> -27% to 254 vs 200 (KZT Curncy )
- Finland 2Q Real GDP Contraction Credit Negative, Moody’s Says
- Investors Move Money Into Cash, Underweight Equities: Barclays
Keep an eye on :
- AH NA : Ahold 2Q Underlying Oper. Income Beats Ests.
- BOKA NA : Boskalis 1H Ebitda EU500m vs Est. EU384m; Lowers FY Capex Range
- DL NA : Old Mutual’s Stake in Delta Lloyd Falls to 2.9%, Filing Shows
- EMGS NO : Electromagnetic Geoservices 2Q Net Loss Widens More Than Est.
- GVNV FP : GrandVision 2Q Rev. Up 17%, Adj. Ebitda Up 18%
- IM NA : Orbis Holdings Stake in Imtech Falls to 4.83%, Filing Shows
- MONT BB : Montea Sees 2015 Adj. Profit of at Least EU19m vs 1H EU9.4m
- NOVN VX : Novartis Drug Gets EU Approval for Advanced Basal Cell Carcinoma
- RNO FP : Renault-Nissan India May Cut 3,000 Jobs, Output at Factory: ET
- SAN FP : Regeneron/Sanofi, Amgen PCSK9 Drugs Questioned in NEJM
- SIX3 GY : Sixt 2Q Sales, Pretax Profit Rise; Raises 2015 Forecasts
- SONAE VX : Sonae 1H Net EU97m Vs EU52m
- SRCG SW : Sunrise 2Q Net Rises to CHF14M; 1H Net Loss CHF152m
- VASTN NA : Vastned Raises 2015 Direct Result/Shr Outlook to EU2.40-EU2.50