Dow +0.02% S&P +0.03% Nasdaq -0.29% Russell -0.21%
US Closed Flat after pening on lows. AAPL -2.4% weighted ont he market following overnight reports that iPhone 8 orders are weaker than expected and the new Apple Watch is having cellar connection issues in China. EBAY -1.8% ADBE +12.2% after better consensus. The consumer staples space (-0.6%) was the only sector to finish below technology on the day's leaderboard. Phillip Morris (PM 108.15, -4.36), the maker of cigarette brand Marlboro, was the sector's weakest component, tumbling 3.9%, after reporting disappointing profits and revenues for the third quarter and issuing below-consensus earnings guidance for fiscal year 2017. Politico reported in the late afternoon that Fed Governor Jerome Powell is the leading candidate to become the next Fed Chair. President Trump is expected to make his decision before he leaves for an 11-day trip to Asia on November 3. US after Hours SKX +22%, TEAM +12%, IMPV +5.1%, MXIM +4%, PYPL +3.4% higher and NCR -10%, TACO -6%, ATHN / ISRG -3% lower following earnings/guidance, DRRX -54% after Ph 3 trial results. Asian equity markets opened the session mixed. Nissan has declined by over 1.5%. In Hong Kong, insurer AIA Group has declined by over 2% on weaker than expected growth in quarterly new business value. US companies due to report earnings later today include General Electric (GE), Honeywell, Manpower, P&G and Schlumberger. On Sunday (Oct 22nd), Japan is due to hold its general elections. On Thursday (Oct 26th), the ECB is due to hold its monetary policy meeting.
Nikkei +0.02% Hang Seng +0.83% CSI -0.28% Shanghai +0.03% Shenzen +0.33%
Eur$ 1.1807 CNH 6.6245 CNY 6.6234 JPY 113.24 GBP 1.3111 CHF 0.9816 RUB 57.4289
S&P +0.24% EuroStoxx +0.33% DAX +0.41% FTSE +0.31% SMI +0.30%
Macro :
- Catalans Consider Proclaiming Independence as Soon as Next Week
- Senate Adopts Budget Resolution in Step Toward Tax Overhaul
- Merkel Says May’s Brexit Presentation Didn’t Change Her Stance
- Goldman Sachs Bullish on Emerging-Market Stocks Approaching 2018
Keep an eye on :
- AC FP : Accor Sees FY Ebit at Upper End of EU460M-EU480M Range
- AI FP : Air Liquide Enters JV With Sinopec in China
- AKZA NA : PPG Says Recent Upheaval at Akzo Nobel Not Reigniting Interest
- ATL IM : Atlantia to Talk W/ Criteria on Improved Abertis Bid: Expansion
- BETSB SS : Betsson Third Quarter Revenue 1.6% Below Estimates
- CABK AM : Catalan Separatists Ask Supporters to Pull Cash From CaixaBank
- CBK GY : Commerzbank Is Said to Delay Digitialization Projects: HBT
- DAI GY : Daimler Third Quarter Ebit 2.5% Below Estimates
- DBK GY : Deutsche Bank Alternative Fund Services Bought by Apex Fund
- DTE GY : Sprint, T-Mobile Deal Announcement Is Said to Likely Be Delayed
- DNA FH : DNA 3Q Ebitda Beats Highest Analyst Estimate; Churn Is Growing
- ECONB BB : Econocom Nine Month Revenue 4.9% Above Estimates
- ERICB SS : Ericsson Says Starting to See Some Improvements
- ERICB SS : Ericsson Third Quarter Adjusted Gross Margin Beats Estimates
- FCA IM : Fiat Chrysler Drops as Much as 5.6% on Report of Production Cuts
- FNAC FP : Fnac Darty 3Q Sales Rise 5.8% LFL
- FDR FP : Fonciere des Regions Simplifies Structure, Ups Germany Exposure
- GFC FP : Gecina Raises Outlook, Now Forecasts Rising FY Recurring Net, Sees Full Year Recurring Net At Least +6%
- IHG LN : InterContinental Hotels 3Q To Be ‘Positive Catalyst’: Barclays
- KPN NA : KPN Names Ibarra to Succeed Eelco Blok as CEO in April 2018
- LO24 GY : Lotto24 Shares Fall As Co. Cuts 2017 Billings Growth Guidance
- MEO GY : Metro 4Q LFL Sales Up 0.5%; Total Revenue EU9.2b vs EU9.3b Est.
- ML FP : Michelin Third Quarter Net Sales Match Estimates
- NPRO MO : Norwegian Property Third Quarter Revenue NOK198 Mln
- RYA LN : Ryanair Unionization Backed by World’s Largest Pilot Union
- SMCP FP : Sandro Owner SMCP Prices IPO at EU22/share
- 9984 JP : SoftBank’s Son Aims to Launch More Vision Funds: Nikkei
- S32 LN : South32 Is Said to Study Bid for $1.6b Rio Coal Portfolio
- HO FP : Thales: Nothing New on Railways Signalling, No Bombardier Talks
- LNSX GY : Sixt Leasing Sees Yr Pretax Earnings Around EUR30m Vs EUR31.6m
- RIO LN : Rio Is Said to Hold Talks With Groups on Grasberg Mine Exit
- RWE GY : RWE Is Said to Be Interested in Parts of Uniper: Handelsblatt
- SO FP : Somfy 3Q Sales Climb 10%
- SOW GY : Software AG Confirms 2017 Forecast, 3Q Non-IFRS EBITA Down 5%
- SREN VX : Swiss Re Sees Hurricane, Quake Claims at $3.6B
- TIT IM : Telecom Italia Is Said to Be Open to Spinoff of Landline Grid
- UCB BB : UCB Increases Full-Year Outlook After 9% Rise in 9-Month Revenue
- UNA NA : Unilever Is Said to Get Bids for Spreads Unit From Bain, CD&R
- UN01 GY : RWE Is Said to Be Interested in Parts of Uniper: Handelsblatt
- VIV FP : Vivendi May Challenge Golden Power Use on Telecom Italia: Sole
- VOLVB SS : Volvo AB Says Truck Profitability Hit by Stretched Supply Chain, Volvo Boosts Full Year Europe H/D Truck Market Forecast
- WHA NA : Wereldhave Sees Full Year EPS EU3.40 To EU3.45
- ZURN VX : Zurich Insurance Is Said to Explore Sale of Endsleigh: Sky