Dow +0.68% S&P +0.83% Nasdaq +1.6% Russell +0.81%
Best sectors were Biotech +2.5%, SemiCap +2.3%, Soc Media +2.1%, Internets +2%, Casino +1.6% and worst Oil E&P -0.9%, Oil&Gas -0.8%, Oil Equip -0.7%, Oil Serv -0.6%, Uts -0.4%. SPX and Dow closed at record - no macro data yesterday, and TMT bounced (barron's positive) - few M&A headlines, but catalyst was convincing rally in NDX from its 50day support. Volumes terrible as we ended at 6.26b shares...-35% below Friday's vlm (but we had expiry/rebal Friday), and -9% below 20day ave. As noted again, SemiCap, SocMedia, Internets, HWares all led...so was risk back on the tech sector. NDX up +1.6% and SemiCaps +2.3% (FAANG +1.3%). Industrial, Machinery another record close. Note that Energy was hit as WTI ended down -1.4% and at a fresh 52wk low...Oil SubGroups lagged (weakness in Crude helped Airlines and TRAN index). Asian markets are trading mixed on Tuesday. Market strength has exhibited signs of a reflation rebound with the US dollar index up 1% from Thursday’s low. Chinese equities are steady ahead of MSCI’s decision later today on whether to include A-shares in its emerging markets indexes. Analysts have assigned a ~50-50 chance of inclusion, though any positive decision would be largely viewed as symbolic given the small number of shares in question. US After Hours LPCN +38% on positive trial results... RS -7% and CMG -2% following guidance, TSLA +1.3% on China unit production, ALXN +1.6% on CEO share purchase
Nikkei +1.13% HAng Seng -0.16% CSI -0.13% Shanghai -0.03%
Eur$ 1.1159 CNH 6.8333 CNY 6.8291 JPY 111.60 GBP 1.2743 CHF 0.9748 RUB 58.3249 WTI$ 44.44 +0.02%
S&P +0.09% EuroStoxx +0.22% Dax +0.26% FTSE +0.07% SMI +0.47%
Macro :
- Fed’s Evans Suggests Delaying Next Rate Hike: Macro Squawk Wrap
Keep an eye on :
- ABE SM : French Regulator Recommends Amending Highway Investment Plan
- AB1 GY : German Government Sees Hurdles For Air Berlin Aid: Stuttgarter
- AD NA : Ahold Delhaize likely to be eyed by Amazon, Kroger
- AIR FP : SpiceJet Rises After Agreeing With Boeing to Buy 40 737 Maxs
- ATC NA : Altice USA to Carry Out IPO Pricing Wednesday: Les Echos
- BT/A LN : BT Group Holder Orange Offering 133m Shares: Terms
- BLT LN : BHP Shareholder Backs Single Listing at Right Price: Australian
- ECP FP : EuropaCorp Sells Film-Music Copyrights to Sony/ATV for EU14.55m
- EDF FP : Fire at EDF’s Bugey Nuclear Plant Extinguished: Regulator ASN
- EVT GY : Evotec to Invest in Facio Therapies to Support FSHD Therapy
- FGR FP : French Regulator Recommends Amending Highway Investment Plan
- GLPG NA : Galapagos Starts Phase 2 Filgotinib Studies in Six Indications
- ISP IM : Italy’s Iccrea Considers Buying Veneto Banks’ Good Assets: Sole
- ENI IM : Eni and NIOC to Sign Deal for Iran Energy-Field Studies: Banner
- KER FP : Kering’s Yves Saint Laurent Sees EU2b Annual Sales in Mid-Term
- LIN GY : Sinopec, Linde Form JV in Ningbo to Produce Industrial Gases
- MS IM : RTI-Mediaset Completes Acquisition of Mediaset Premium
- NESN VX : Nestle Invests in U.S. Online Meal Subscription Service Freshly
- NOVN VX : Novartis’ RTH258 Shows Robust Visual Gains in NAMD Patients
- SNF FP : French Regulator Recommends Amending Highway Investment Plan
- SAP BB : Velge Family Plans EU60/Share Offer for Sapec After Dividend
- SEAM SS : Kinnevik in Underwriting Agreement to Buy Seamless SDS Shares
- SL/ LN : Standard Life Hasn’t Discussed Future Relationship With Lloyds
- TSLA US : Tesla Said Close to Agreeing on Plan for China Production Plant
- TKA GY : Thyssenkrupp Elevators Doing Well in U.S., While China Is Firmer
- DG FP : French Regulator Recommends Amending Highway Investment Plan
- VIV FP : Vivendi Said to Appeal Ruling on Telecom Italia, Mediaset: FT