US Market closed lower with Small Cap leading the move (Russell -1.10%), consumer discretionary (+0.5%), consumer staples (+0.4%), and energy (+0.6%) helped the S&P 500 to close near the flatline...industrials (-0.3%), technology (-0.6%), and health care (-0.5%) weighed on Index ...FOMC didn't bring anything new to push mkt higher, they remind that the central bank intends to remain data-dependent when deciding the appropriate timing for the first rate hike...volume were in line with average @ 720mil shares...VIX @ 13.96 +0.72%...US after hours WSM +7.4%, CRMT +7.0%, DWCH -26.0%, HI -12.1%, CRM-4.1%, GMCR -0.7% following earnings/guidance...GPRO priced 10.4m shares of Common stock @ $75/share(7.5% of mkt cap) The leading assessment of China economy in November via the HSBC flash manufacturing PMI was not particularly impressive as the index missed estimates to hit a 6-month low of 50.0 - the very threshold of expansion/contraction divide, Employment deteriorated at a faster rate, Output turned to expansion from contraction, Export orders increase slowed, while Input price decline receded...Shanghai-Hong Kong trading link uptake remained underwhelming, with only 2.4% of the Hong Kong quota taken up by mainland investors on Wednesday....Japan manufacturing PMI also slowed, though it remained in expansion for the 6th consecutive month. Markit reported Employment increasing at the same rate and input price increasing at a faster rate - potentially a respite to slowing progress on inflation. Japan trade data were also encouraging, as export growth of 9.6% hit its highest pace in 8 months and imports finally slowing, helped by 8.8% y/y decline in shipments of crude oil.
Eur$1.2539 S&P -0.12% EuroStoxx -0.03% Dax +0.13% SMI +0.07%
Macro :
- HSBC China Nov. Flash Manufacturing PMI 50; Est 50.2
- Hatzius Says Low Inflation Could Push Fed Rate Increase to 2016
- France Still Plans to Close a Nuclear Plant, Figaro Says
- German Labor Agency Says Job Loss Risk Lowest in 15 Years: Bild
Keep an eye on :
- ATCOA SS : Atlas Copco CEO says it is looking to acquire and divest - Dagens Industri
- BBVA SM : BBVA to Issue Max. 310.5m Shares to Raise Eu152.1m, to Offer Shares at EU 8.20 to EU 8.45 Apiece
- BMW GY : BMW China Expects 2015 Auto Market to Grow at Low Double Digit, Margins Seen Narrowing in China Market, CEO Says: Reuters
- CRG IM : Banca Carige Underwriters to Guarantee Max EU650m Capital Hike
- CGG FP : CGG Said to Weigh Sale After Rebuffing Approach From Technip, closed @ 8,44 +29,5% vs europe Close 435k shares traded, 13 Times ADV.
- BN FP : Fresenius/Permira Make Joint Bid for Danone Medical Unit: DJ
- DTE GY : T-Mobile US Could Attract Suitors Again, Deutsche Telekom Says
- ENEL IM : Italy Preparing to Sell 5% Stake in Enel, Repubblica Says
- GIMB BB : GIMV Fiscal 1H Net EU48.5m vs EU21m; Plans to Maintain Dividend
- KTCG AV : Kapsch Returns to 1H Profit of EU0.9m; Revenue Rises 1%
- KPN NA : KPN Doesn’t See Dutch Mobile-Network Consolidation in Next 3 Yrs
- MAERSKB DC : Maersk Oil May Sell Angola Oil Field to Free Cash, Borsen Says
- MAIL LI : Mail.ru Expects Better 2015 Growth Than in 4Q This Yr: Hammond
- PTC PL : PT Portugal bidders Apax Partners and Bain Capital to present bid on 28 November - Jornal de Negocios
- RNO FP : Renault is interested in buying a 20% stake in the Iranian automobile company Khodro - Sabah.
- SGO FP : St Gobain Is Preparing to Sell Norandex Unit in US: Echos
- SAN FP : Sanofi, Regeneron Say Dupilumab Got FDA Breakthrough Designation
- SAN FP : Sanofi’s New Launches May Generate >EU30b Sales in First 5 Years
- STLN SW : Schmolz + Bickenbach Increases FY Ebitda Forecast
- GLE FP : SocGen Unions Call for Strike on Dec. 5 Over Pay, Echos Says
- TKA AV : Telekom Austria May Use Share Sale Cash for Acquisitions
- TKA GY : ThyssenKrupp FY Adj. Ebit +127%, Beats Estimates; Pays Dividend
- VIV FP : Activision Board Agrees to $275 Million Buyout-Claim Accord (2)
- VOD LN : Vodafone Among Cos. to Express Interest in Metroweb: Sole