Dow-0,24% S&P-0,11% Nasdaq+0,37% Russell Unch. VIX
US MArket closed near the flat line in a low volume market, Equity indices started the day under pressure that was largely due to early weakness in the energy sector. The growth-sensitive group narrowed its loss to 0.8% by the close, but was down as much as 2.5% at the start. Meanwhile, crude oil tested the $50.00/bbl level this morning, but narrowed its loss to 0.6% at $51.83/bbl by the pit close. Oil rallied through the early afternoon release of the latest EIA storage report, which showed the largest inventory build for this time of the year in the past 80 years...Volume were still below average @ 680mil shares...US After Hours SZMK +9.6%, TC +7.8%, INTU +3.2%, NDLS -24.8%, FUEL -22.2%, MRVL -3.1% following earnings/guidance...NEM +1.2% (reported gold reserves of 82.2 mln ounces and copper reserves of 7.9 bln pounds for 2014; co also reported earnings...After two failed attempts to reach a compromise over the past week, the Germany-Greece standoff over the extent of continued austerity attached to ongoing lending is in its final throes heading into more conclusive Eurogroup talks. After the German Finance Ministry spoiled hopes for a tentative agreement overnight by dismissing the Greek proposals for not having enough "substantive solutions", subsequent reports have been somewhat more encouraging. Greek PM Tsipras and German Chancellor Merkel reportedly held a 'constructive' phone call, and a meeting of deputies was said to have brought the two sides closer to the framework for compromise. ECB's Weidmann appears to have maintained his unyielding stance in the same vein as his principled Bundesbank predecessors however, noting that Athens request to allow its bonds' use of collateral would be granted only if Greece abides by prior conditions....preliminary Markit manufacturing PMI for February is a disappointment. Resident economist acknowledged some progress in operating conditions, but also noted that employment growth weakened for the second successive month in February despite reports of an improving economy. BOJ Gov Kuroda responded to press speculation of potential delay in achieving 2% inflation target by noting the central bank has a variety of policy tools to meet its objectives. Kuroda added that a sustainable fiscal structure for the economy is still desirable, adding the central bank is also paying great attention to stability in JGB markets.
Nikkei +0.37% Hang Seng Closed Shanghai Closed
RUB $61.7952 (-0.15) WTI $51.61 (+0.16%) EURCHF 1.0810
EUR$ 1.1360 S&P -0.02% EuroStoxx -0.30% Dax -0.18% SMI -0.15%
Macro :
- Greek Debt Belies Euro Exit as Value Is 23% Above 5-Year Average
- ECB Said to Push Greek Banks to Shed State Debt If Talks Fail
- Germany Leaves Door Open to Deal on Greek Plan as Talks Loom (1)
Keep an eye on :
- ARL GY : Aareal Bank Set to Buy Westimmo, FAZ Reports
- ADP FP : Aeroports De Paris 2014 Ebitda Rises 3.4%, Sees Traffic Growth
- AREVA FP : Areva Will Have to Be Refinanced by French State: Figaro
- CS FP : Axa to Take Over London City Pinnacle for 300m Pnds, FT Says
- BAYN GY : KKR-Backed Panasonic Healthcare Said to Buy Bayer Diabetes Unit
- BEFB BB : Befimmo’s Forecast for 2015 Adj. EPS of EU3.62 Misses Ests.
- BION SW : BB Biotech Net CHF1.47b vs CHF931.8m Y/y; NAV Rises
- BP/ LN : BP Rejected in Attempt to Cut Fines in Gulf of Mexico Spill: AP
- CU FP : Club Mediterranee Says Winter 2015 Bookings Flat Versus 2014
- BN FP : Danone Sees 2015 LFL Sales Up 4%-5%, 4Q LFL Sales Beat
- ENEL IM : Enel Suspends Romania Asset Sale as Co. Met Debt Goal: Reuters
- ERA FP : Eramet Sees Economic Trends, Lower Oil Price Benefitting 2015
- FGR FP : Eiffage Says Eiffarie-APRR Refinances Credit Facilities
- FDR FP : Fonciere des Regions to Boost Unit Stake; Recurring Net Rises
- FPE3 GY : Fuchs Petrolub 2014 Ebit Beats; Sees 2015 Earnings Growth
- GFC FP : Gecina Says Investments May Lead to Higher 2015 Targets
- ICAD FP : CDC Is Considering Options Over Icade, Les Echos Reports
- EMG LN : Man Group Said in Talks to Buy Asset Manager NewSmith: FT
- NOVN VX : Novartis Sues Pfizer Over Patents for Meningitis Vaccine
- PFV GY : Pfeiffer Vacuum 2014 Ebit Down 11%; Div. Matches BDVD Forecast
- REX LN : Rexam May Be Cut to Junk by Moody’s
- SAN FP : Sanofi Names Olivier Brandicourt CEO
- SESG FP : SES 2014 Rev., Ebitda Match Ests; 2015 Growth Seen Slower
- TEC FP : Technip Wins EPC Contract for Ammonia Unit; Worth EU250m-EU500m
- TIT IM : Telecom Italia Plans to Incorporate Telecom Italia Media
- TIT IM : Telecom Italia FY Sales Meet Ests. as Net Debt Beats
- TTI GY : Tom Tailor to Focus on Expansion, CFO Tells Boersen-Zeitung
- DG FP : Vinci Park Close to Buying Empark for About EU900M: Cinco Dias