US Market Closed Lower after disappointing retails earnings, Small Cap still leading the move (XRT -2.5%)...financials (-0.7%) and industrials (-1.3%) lagged, while technology (-0.5%) and health care (-0.6%) outperformed...JPY tested its 200d MA @ 101.19...In all likelihood, some will attribute today's retreat to comments from Philadelphia Fed President Charles Plosser, who said he felt the economy is on its firmest footing since the recovery began. However, it is worth noting that equities began sliding ahead of Mr. Plosser's comments and that longer-dated Treasuries actually climbed to highs following the remarks. The 10-yr note advanced nine ticks, pressuring its yield four basis points to 2.51%...Volume still below average @ 650mil shares...VIX @ 12.96 +4.35%...USD/JPY initially rose slightly but then quickly fell to session lows around 101.10 after the Bank of Japan policy statement offered no hints that it was any closer to more easing. For the 10th consecutive decision, the BOJ said domestic economy continued to recover moderately as a trend, maintaining its overall economic assessment. BOJ raised its CAPEX assessment...April trade deficit was wider than expected but still the
smallest in 8 months...Nikkei -0.22% HS +0.03% Shanghai +0.35%
Eur$ 1.3708 S&P fut +0.04% European Fut. -0.22%
Keep an eye on :
- AF FP : Air France-KLM to Adopt New Transformation Plan in 2015: Figaro
- ALO FP : Alstom CEO Kron Asks France to Back GE as Uncertainty Hits Sales
- AZN LN : AstraZeneca Holder Schafer Cullen Urges Formal Pfizer Talks
- CRG IM : Banca Carige insurance assets attract interest of four bidders(Aegas, Talanx, Anacap..) Il Sole 24 Ore
- BLT LN : BHP : Mining Operations Would Be Affected Very Quickly by Strike
- BMPS IM : Paschi CEO Confident EU5b Capital Hike Sufficient: Repubblica
- BNP FP : U.S. Said to Seek More Than $5b Settlement From BNP {NSN N5WEZI6JIJVR <go>}
- BNP FP : BNP Paribas Risks Customer Flight as Dollar-Transfer Ban Looms
- BP/ LN : BP Investors Can Sue as a Group for Market Losses Over Spill
- BVIC LN : Britvic 1H Sales, Ebit, Div. Beat; FY Forecast Maintained
- CA FP : Carrefour hires KPMG to advise sale of Indian assets after recent approaches to possible buyers
- CSGN VX : Credit Suisse Had Hardly Any Outflows Of Client Assets: T-A
- CU FP : Club Med 10% Held by Bonomi’s Strategic Holdings, Echos Says
- DBK GY : German Public Banks Want ‘Hard’ Stress Tests, Handelsblatt Says
- ANN GY : Buy Deutsche Annington, LEG Ahead of ECB Meeting, JPMorgan Says
- FER SM : Ferrovial Avoids Highway Liquidation Before Bailout: Economista
- MAERSKB DC : Hercules Offshore in Five-Year Drilling Contract With Maersk Oil
- NFLX US : Netflix Enters Germany, France in Biggest Expansion Since 2011
- NOVOB DC : Novo Nordisk Faces FDA Panel on Sept. 11 for Obesity Treatment
- NOVN VX : Novartis Says Ultibro Breezhaler Meets Endpoints
- RNO FP : Renault, LG Chem to Cooperate in Developing Electric Car Battery
- ROSN LI : Rosneft: Russian government could sell part of state-owned stake to Chinese investors
- SAP GY : SAP Plans to Transfer Thousands of Jobs to Cloud Business: FAZ
- SOON VX : Sonova not planning takeover move for Siemens' hearing aid division
- STR AV : Strabag Seeks AGM Permission to Sell New Shares
- TIT IM : Fintech May Increase Its Stake in Telecom Italia: Sole {NSN N5WTRD6K5103 <go>}
- VER AV : FMA Probes Verbund on Alleged Market Manipulation: WiBlatt Link
- WPL AU : Woodside Falls to Lowest in a Month as Leviathan Deal Terminated