US Market closed higher, Financials lead stock higher helped by expected benefit from higher rates and psotive stress test results (29 out of 30 banks passed while Zions Bancorp failed)...Tech was also strong helped by chipmaker, AAPL was an underperformer..VIX @ 14,52 -3,97%...China markets started out modestly higher, before paring some of the initial
gains. NDRC downplayed default risk in corporate bonds, while 2 of China's top banks - ICBC and CCB - were repored to have suspended distributing high-yield trust products. China yuan remained under pressure with another fix in USD/CNY
at multi-month highs but offshore Yuan was little budged, as parity briefly fell below that critical 6.20 level...Nikkei closed fro Vernal Equinox Day...HS+1.02%...Shanghai +2.74%
Eur$ 1.3785 S&P Fut +0.13% European Future +0.07%
Macro
- Greece Debt Ratings Affirmed at B- at S&P, Outlook Stable
- U.S. Credit Outlook Revised to Stable From Negative at Fitch
- Russia Outlook Cut to Negative by S&P on Geopolitical Risk
- Russia’s Outlook Revised to Negative by Fitch on Sanctions
- 29 of 30 Banks Meet or Top Capital Targets in Fed Stress Test
Keep an eye on :
- AB1 GY :Etihad Is Looking at Ways to Buy All of Air Berlin: Handelsblatt
- ADS GY : Nike 3Q EPS, Rev., Futures Orders Top Ests. --> NKE (+2% after Ern, -3.4% after Hours on Conf call comments on FX headwinds to reduce EPSgrowth rate for Q4and into FY15
- BARC LN : Barclays Said to Miss Alibaba IPO Fees by Defying SoftBank’s Son
- EN FP : Bouygues significantly improves offer for Vivendi's SFR, increases cash part to EUR 13.15bn
- EN FP : France’s CDC to Invest EU300m Cash in Bouygues Offer for SFR
- BN FP : Nestle Is Candidate to Buy Danone Medical Nutrition Unit: Echos
- DRI GY : Drillisch 4Q 2013 Net EU8.7m
- ERICB SS : UBS selling 20.6mil shares in BookBuilding @SEK81.5
- F IM : Chrysler Truck Sales Surge Against Those From Ford, GM: WSJ
- FCAM LN : Elliott has disclosed a 17.588% interest in F&C Asset Management.
- GET FP : UK Regulator Aims to Make Eurotunnel Decision by Early May
- GIB GY : GSW Immobilien Proposes to Pay No Dividend for 2013, Bbg est. Was E1
- HAV FP : Havas 2013 Net EU128m vs Est. EU133m, CEO Sees Company as Buyer Rather Than Target, Echos Says
- ISP IM : Stora Enso Reorganizes Renewable Packaging Into 3 Businesses
- NESN VX : Nestle Is Candidate to Buy Danone Medical Nutrition Unit: Echos
- NOVN VX : Novartis Reports Start of New Phase 3b Study of Secukinumab
- RHK GY : Germany’s Sana Says large Takeovers Possible in Future, {http://reut.rs/1jf3y9H}
- RMS FP : Hermes CEO Dumas Says May Consider Shoe Co. Acquisition: Sole
- SAP GY : SAP Recommends EU1 Div. vs EU0.85 Y/y
- SKB GY : Koenig & Bauer Posts 2013 Net Loss, Adj. Operating Profit Drops
- STERV FH : Stora Enso Reorganizes Renewable Packaging Into 3 Businesses
- STCBV FH : Stockmann Reverses Russia Expansion, CEO Says in Talouselaemae
- SY1 GY : Symrise Is Set to Outperform Market, Raised to Neutral at Citi
- TEF SM : BBVA Raised Stake in Telefonica to 6.89% at End of 2013
- TKA AV : Telekom Austria shareholder pact between OIAG and America Movil cast in doubt
- UL FP : Unibail Plans New Tower at La Defense, Paris, Les Echos Says
- UNI IM : Unipol 2013 Loss EU78.6m vs Net EU285.3m Y/y
- UNI IM : UnipolSai May Convert Savings Shares to Ord., Cimbri Tells Sole
- VIV FP : Vivendi said to have received new offer from Bouygues, Reminds It Agreed to Exclusive Talks With Altice
- VOLVB SS : Cevian Capitl raised stake to 4,8% (vs 4,6%) of Capital & 12,7% ( vs 10,5%) of voting rights
- VOLVB SS : Volvo Cars Operating Profit in 2013 Surges on Cost Controls