Dow+0.07% S&P-0.07% Nasdaq-0.17% Russell-0.14% VIX 12.85
US MArket closed almost unchanged,For the second day in a row, heavily-weighted health care (+0.5%) and financials (+0.7%) outperformed throughout the day and kept the benchmark index from dipping too far below its flat line. Executive member Benoit Coeure who said the ECB plans to frontload its asset purchases in hopes of avoiding thin liquidity conditions in July and August. The remarks boosted global bonds and weighed on the euro, sending the single currency lower by 1.5% against the dollar to 1.1150 .the timing of the comments from Mr. Coeure was viewed as controversial because the original speech was delivered on Monday evening, London time, when the ECB member appeared before a private group of hedge fund investors; however, the speech was not released to the public until tuesday morning. In response, the European Central Bank blamed the delay on an "internal procedural error." energy—lost 1.2%, and settled behind the remaining nine groups as crude oil weighed. WTI crude ended lower by 3.6% at $58.08 and surrendered its May gain. Volume were in line with average @ 720mil shares. US After hours DY +14.9%, CSC +4.8%, QIHU +1.7%, ETSY -17.1%, CISG -8.5%, DL -4.4% following earnings/guidance, CSC +8% on news of split in 2 entity +spec. dvd ($10,5)...After emerging out of recession in Q4, Japan's Q1 GDP report was even more impressive, growing by its highest rate in a year on an annualized basis at 2.4% - well above consensus. Exports growth slowed to 2.4% from 3.2% and imports increased to 2.9% from 1.4% despite softer Yen and lower energy bill, but the rise in residential and corporate investment more than made up for those headwinds. Shanghai Composite remained bid with another 1% rise headed into the break. Investors were again enthused by more reform announcemens, as the govt unveiled a "Made in China 2025" manufacturing blueprint with a focus on robotics, aerospace, new-energy and advanced transport. Also of note, Chinese press report noted Shanghai and Shenzhen new trading accounts were down 2.8% on the week, but actively traded accounts were up 4.5%.
Nikkei +0.97% Hang Seng -0.20% Shanghai +1.96%
Eur$1.1134 GBP 1.5505 EURCHF 1.0427 JPY 120.93 CHF 0.9364 WTI $58.44 (+0.78%)
S&P +0.01% EuroStoxx -0.16% Dax -0.31% SMI -0.09%
Macro :
- ECB Mulls Accepting More Greek Assets as Collateral: Kathimerini
- Oil M&A Activity to Pick Up in 2016
- Rokos Hires Former Brevan Howard Colleague Ahead of Fund Startup
Keep an eye on :
- AIR FP : Boeing, Airbus, Lockheed Considering Bids for Sikorsky: WSJ
- AREVA FP : Engie Said to Mull Bid for Areva Nuclear Services Outside France
- ATC NA : Time Warner Cable Said to Receive Takeover Approach From Altice (see WSJ, Reuters & FT Article on ur bbg)
- AZM IM : Timone Fiduciaria Selling 7.54m (5,26%) Azimut Holding Shrs, sold at E27,90
- BDT GY : Bertrandt 2Q Net Income EU15.2m vs EU15.8m; Confirms Outlook
- DSY FP : Autodesk 2Q Rev. View Below Est; Falls 3.3% Post-Mkt --> ADSK -1% in afte hours, could weight on DSY
- DEXB BB : Dexia 1Q Net Loss EU125m; 1Q Recurring Loss EU212m
- DPW GY : Deutsche Post DHL Group Divests 4.16% Stake in Sinotrans
- ENG SM : Oman Oil Selling 5% of Enagas(Citi & DBK) worth €314.4m, shares placed @ €26.34
- FCC SM : Slim Asks Banks to Renegotiate FCC’s EU4.5b Debt: Confidencial
- FCA IM : Fiat Chrysler Automobiles Says ‘Fully Aligned’ With NHTSA
- HLE GY : Hella Shareholders Selling Up to 13.9m Shrs in Bookbuilding
- HOLN VX : Holcim to Reorganize Group Functions, Sees 120 Swiss Job Cuts
- ING FP : Bpifrance Buys 5.5% Stake in Ingenico From Safran
- KPN NA : America Movil Offers EU2.25b of Bonds Exchangeable Into KPN Shrs
- LG FP : Lafarge to Cut 380 Jobs, Including 166 in France: Les Echos
- EGL PL : Mota-Engil 1Q EU3.4m vs EU7.34m Y/y
- PLUS LN : Plus500 Aims to Unlock Core Accounts Within Days: City A.M.
- SALM NO : Salmar 1Q Operational Ebit Declines; Harvest Volumes Increase
- GLE FP : France May Reconsider SocGen Tax Breaks for Kerviel Loss: Echos
- UBSN VX : UBS Pays $342m to Fed Over Practices Linked to FX Business
- VOD LN : Malone Says Liberty, Vodafone Make ‘Great Fit’ in W. Europe
- ZO1 GY : Zooplus 1Q Pretax Rises 25%, Confirms 2015 Forecast