Dow+0.22% S&P+0.22% Nasdaq +0.05% Russell +0.44% VIX 14.41 (-5.69%) VXX 32.70 (-2.39%)
US Markets closed slightly highe helped by oil & Eranings. USB & MS Outperformed on ern., idem for HAL. EIA reported that crude oil stockpiles declined by 5.24 million barrels (consensus: +2.70 million) while gasoline stockpiles rose by 2.46 million barrels (consensus: -1.31 million). The energy component jumped on the news, settling higher by 2.6% ($51.59/bbl; +$1.30). Eight sectors ended in positive territory with energy (+1.4%), financials (+0.8%), materials (+0.7%), and consumer discretionary (+0.5%) leading the pack. INTC traded lower(-5.9%) on ern and weighted on the all sector. Volume continue to trade below average with only 778mil shares. US After Hours MAT +6%, AXP +6%, CTXS +5%, URI +5% following earnings/guidance, DRWI +60.6% on Sprint news... SCSS -17%, DXPE -16%, MTW -9%, EBAY -8% following earnings/guidance. In China, S&P warned Q4 would see bank credit growth slowing after a recent surge as more non-performing loans weaken financial sector stability; NBS also tempered expectation after strong retail data overnight about sustaining consumption growth, while MIIT remarked industrial output target for 2015 would be met despite disappointing production in Sept. Nikkei speculated BOJ would not be very aggressive on further policy stimulus with -0.3% as the lower bound; One BOJ source said "next time we cut rates will likely be when the economy experiences a significant shock". New York Fed's Dudley (voter) hinted that a 25bp rate hike this year would not be a "big deal", but there is no great urgency to tighten rates aggressively; Dudley added every meeting is Live and the Fed is close to achieving its twin mandate. Brazil central bank cut rates in unanimous decision intended to support growth as economy is deemed nearing inflation target. Mexican Peso rises to 6-week highs at the conclusion of 3rd US presidential debate.
Nikkei +1.20% Hang Seng +0.57% CSI +0.08% Shanghai -0.06%
Eur$ 1.0961 CNH 6.7452 CNY 6.7399 JPY 103.71 GBP 1.2273 CHF 0.9902 RUB 62.2652 WTI$ 51.63 (-0.37%)
S&P +0.18% EuroStoxx +0.26% FTSE +0.19% Dax +0.31% SMI -0.26%
Macro :
- Fed Beige Book Sees Tight Labor Market; Outlook Mostly Positive
- Blankfein Rejects Trump Rhetoric, Says There’s No Banking Cabal
- Saudi Arabia Fund PIF Mulls German Investments: Handelsblatt
- Qatar Said to Consider Joining $100b SoftBank Tech Fund
- Fed’s Dudley Speaks on New York City Economic History in 5 Min.
Keep an eye on :
- ATLN VX : Actelion CEO: Don’t Expect Generic Competition in US Until 2017, Actelion 3Q Uptravi, Tracleer Sales Beat Estimates
- AMS SM : Amadeus Studies Integrating Airbnb in System, Expansion Says
- AXP US : AmEx Rises 4% Post-Mkt; Boosts FY16 EPS View, 3Q EPS, Rev. Beat
- AAPL US : Apple Sends Invitations for Event on Oct. 27
- ATO FP : Atos 3Q Revenue In Line With Estimates; Reiterates 2016 Outlook
- BAS GY : BASF to Restart Ludwigshafen Operations in Coming Days
- BAYN GY : Monsanto Says It Talked to Other Companies Before Bayer Deal
- BIM FP : Biomerieux Says It’s Likely to Beat FY 8% Sales Growth Target
- BMSA GY : Braas Monier activist Petrus canvassed “nearly all” of top 20 shareholders on Standard Industries offer
- BOL SS : Boliden 3Q Operating Profit Ex-Revaluations Beats Estimates
- DB1 GY : Deutsche Borse Says Added U.S. Plaintiffs Filed Iran Complaint
- DENERG DC : Dong Criticized for Ula Platform Safety in Norway: Berlingske
- EDP PL : EDP Jan.-Sept. Iberian Electricity Distribution +0.2% Y/y
- EOAN GY : EON Faces End Current Year With Record Loss: Handelsblatt
- ERF FP : Eurofins 3Q Rev. +25%, Very Positive on Medium-Term Outlook
- GEA GY : GEA Adjusts Outlook for 2016; Sees 3Q Sales of EU1.1 Billion --> -17% pre open
- ICAD FP : Icade 9-Mo Sales EU993.3M, Down 3.6%; 2016 Targets Confirmed
- ITX SM : Inditex Accelerates U.S. Growth Plan, Expansion Reports
- LDO IM : Leonardo to Raise Stake in Avio to About 28% vs 14%
- LHA GY : Lufthansa Boosts 2016 Adj. Ebit View, Short-Term Bookings Better
- MAERSKB DC : Maersk Drilling paired with a Norwegian peer makes logical step in company split - Merger Market
- MAT US : Mattel 3Q Revenue Tops Est. on Barbie, American Girl Strength
- MS IM : Mediaset: ‘No Constructive Approach’ From Vivendi in Last Months
- ML FP : Michelin 3Q Sales Miss Estimate; FY Guidance Confirmed, CFO: Pricing Pressure More Intense in Europe Than U.S.
- NAS NO : Norwegian Air 3Q Net Beats Estimates; Keeps 2016 Forecast
- NESN VX : Nestle 9-Month Organic Sales Growth Misses Estimates, Cuts 2016 Organic Sales Growth Forecast
- PHIA NA : Philips Lighting on Track for Y/y Operational Profitability
- RI FP : Pernod 1Q Organic Sales Growth Beats Ests., Confirms Forecast
- PC IM : Pirelli IPO Seen by 1H 2018
- PUB FP : Publicis 3Q Organic Growth Hit by Impact of Lost Media Accounts, CEO Sees 4Q Headwind, Growth to Be Higher Next Year
- ROG VX : Roche 3Q Sales Slightly Below Estimates; Confirms 2016 Outlook, CEO Schwan Says Confident Co. Will Meet 2016 Targets
- SGL GY : Showa Denko to Acquire SGL’s Graphite Electrode Ops.: Nikkei
- SLIGR NA : Sligro Says Sees 2016 Profit ‘Well Below’ 2015
- LOCAL FP : Solocal Shareholders Reject Debt Restructuring, Le Figaro Says
- SCMN VX : Swiss Telcos Agree On Lower Mobile Termination Rates
- TELE2B SS : Tele2 3Q Ebitda, Sales Beat Estimates; Keeps FY Outlook
- UCG IM : UniCredit in Pact With Kruk Group to Sell Non-Performing Loans
- VIV FP : Vivendi: No Longer Priority to Find Friendly Mediaset Solution
- WIHL SS : Wihlborgs 3Q Rental Income Rises 5% From Year Earlier