Dow-0.02% S&P+0.00% Nasdaq -0.18% Russell +0.63%
US Market start a major week on flat note. Oil has been a catalyst and rebound today helped equities to outperform in the morning. Four sectors ended in the green with industrials (+0.3%), financials (+0.5%), and utilities (+1.0%) leading. Conversely, technology (-0.2%), health care (-0.4%), and telecom services (-0.7%) underperformed. The implied probability of a rate hike at the September meeting sits at 12.0% while the odds of a rate hike at the December meeting registers at 55.0%. On the M&A front, (ERI 13.84,- 0.41) agreed to acquire the name for $23.00 per share or approximately $1.7 billion. Volume were below average wih 760mil shares. US After Hours NAII +23% following earnings, WINT +31% on FDA Fast Track Designation news.... ASNA -23.8%, HNI -7.8% on earnings/guidance. Asian Stocks Near One-Week High Before BOJ, PM Abe: Govt to leave monetary policy to BOJ; important for policy to fight deflation, Nikkei speculates BOJ will likely adjust the policy framework at its meeting this week; may be forced to abandon its 2-year target timeframe and switch to a longer view; Negative rates are expected to be the centerpiece of BOJ future policy expansion, but because of their negative impact on financial sector, the BOJ will need to communicate consideration of side effects. One option is communicating it will prevent downturns in superlong interest rates. Hong Kong Interbank offered Rate is trading back on lower level after trading above 20 levels yest ({HICNHON Index }). Eldorado Resorts (ISLE 22.04, +5.11) rallied 30.2% after Isle of Capri (BLOX 26.35, +3.52) spiked 15.4% after announcing that Vista Equity Partners will acquire the company for $26.50 per share or approximately $1.6 billion. Separately, Infoblox
Nikkei -0.34% Hang Seng -0.14% CSI -0.19% Shanghai -0.13%
Eur$ 1.1173 CNH 6.6725 CNY 6.6694 JPY 101.84 GBP 1.3038 CHF 0.9804 RUB 64.6818 WTI$43.62 (-0.55%)
S&P +0.23% EuroStoxx -0.17% Dax -0.07% SMI -0.16$ FTSE -0.02%
Macro :
- Gundlach Says Fed Won’t Raise Interest Rates This Week: Reuters
- Yuan Interbank Rate Surges in Hong Kong in Sign of Intervention
Keep an eye on :
- ABBN VX : ABB Upcoming CMD More of a Progress Report, Not Conclusion: Citi
- AIR FP : Iran to Cut Airbus Plane Order to 112 From 118, Reuters Says
- AIR FP : Airbus Plans Restructuring to Strengthen HQ vs Divisions: Echos
- ALO FP : Alstom to Supply Hydrogen-Powered Trains From 2017, Welt Says
- AMZN US : Amazon German Sales Rise to EU7.8b in 2015 From EU6.6b: HB
- ATL IM : Atlantia Buys 21.3% of Save; Total Consideration About EU174m
- BO DC : Bang & Olufsen Chairman Rules Out Sale of Company, Borsen Says
- BAYN GY : Bayer Raises Forecast for Recently Launched Pharma Products
- BAYN GY : Bayer Mulls Dropping Monsanto Name as Cure for Brand Headache
- BAYN GY : Bayer Sees Higher Crop Science Margins After Monsanto Deal
- CHK US : Icahn Cuts Stake in Chesapeake Energy, No Longer Top Holder
- EDF FP : France’s EDF to Invest $2b in India Renewable Projects: E. Times
- PRS SM : Prisa Said to Seek Buyer for 75% Santillana Stake: Confidencial
- SIE GY : Siemens Takes ‘Very Cautious Approach to 2017,’ Kaeser Says: WSJ
- GLE FP : Societe Generale Names Sadia Ricke as U.K. Country Head
- UBSG VX : Banque Leonardo in JV Talks With UBS France, Echos Says
- UNA NA : Unilever to Buy Seventh Generation, No Terms
- VIRP FP : Virbac Returns to Profit in 1H, Revises FY Outlook
- VOW3 GY : Renschler Says VW Expects Savings From Navistar Purchase: HB
- MF FP : Wendel Agrees to Buy Tsebo for Enterprise Value of About EU331m