Dow+0.08% S&P+0.08% NAsdaq+0.17% Russell-0.54%
US Market closed near the flat line after testing May high. Seven sectors ended the day with gains while energy (-1.3%), materials (-0.9%), and utilities (-0.5%) spent the session below their flat lines. The energy sector retreated alongside crude oil, which fell 1.6% to $50.40/bbl. Meanwhile, the growth-sensitive sector struggled throughout the session, widening its July loss to 4.5%, even afterHalliburton (HAL 40.75, +0.76) climbed 1.9% after reporting better than expected results. volume were light at 720mil shares...US After Hours SANM +11.4%, CNI +3.1%, BSX +2.3%, IBM -5.0%, HXL -2.7%, WERN -1.1% following earnings/guidance...QCOM +2.7% on on potential strategic review, possible breakup...Asia indices are mixed again in the absence of conviction in trading on Wall St or significant economic data. Shanghai Composite opened down by over 1% but has since come off those lows and approaching its midday break with an upswing above 4,000. PBoC official Sheng said the central bank would continued to maintain liquidity at a moderate level. To that end, in its latest OMO operation PBoC injected another CNY35B through 7-day reverse repos. Also of note, non-broker margin lenders in China had reportedly requested that clients sell off some of their stock holdings purchased with margin debt - further evidence regulators are looking to rein in some of the recent volatility fanned by runaway credit. The BOJ put out a set of meeting minutes, though this release was outdated relative to the more recent decision when the central bank cut its GDP and inflation forecasts. In its June 18th meeting, many members agreed the easing is having intended effects, though a minority also remarked the effects might be diminishing given the recent runup in JGB yields. FX traders interpreted that sentiment as boosting the possibility of more aggressive policy response, and USD/JPY rose some 10pips following the comments toward 124.40 - a 1-month high.
Nikkei +0.85% Hang Seng +0.75% Shanghai +1.12%
Eur$ 1.0815 JPY 124.45 GBP 1.5562 EURCHF 1.0436 RUB $57.0671 WTI $49.95 (-0.4%)
S&P +0.11% EuroStoxx +0.16% Dax+0.18% SMI+0.09%
Macro :
- Oil Slides Below $50 as Gold Holds Losses; Asian Stocks Advance
- Oil Guru Who Called 2014 Slump Sees Return to $100 Crude by 2020
- Greek Euro Exit Back on the Agenda Next Year, Economists Say
- Wheat Heads for Longest Slump in a Year as Harvest Progresses
Keep an eye on :
- AIR FP : EVA Airways to Acquire 24-26 Boeing or Airbus Passenger Planes
- ATLN VX : Actelion Raises Full-Yr Outlook; 1H Core Earnings Beat Estimate
- AKZA NA : Akzo Nobel 2Q Sales Beat Estimates, Says on Track for 2015 Goals
- AZM IM : Azimut Most at Risk Among Italy Asset Managers: MainFirst
- SAN SM : Santander to Close Vista Private Equity Fund: Expansion
- BON FP : Bonduelle Said to Plan Bid for GIS’ Green Giant: Reuters Link : http://reut.rs/1TNpsUh
- ZEX GY : Tom Tom: Bosch and TomTom partner on innovative mapping technology for automated driving
- BPTY LN : GVC Said to Consider Bwin.party Bid Without Amaya: Telegraph
- ENG SM : Enagas 1H Ebitda Misses, Net Beats; Regulated Sales Fall Y/y
- ENEL IM : Prosperity Capital Buys 5.18% Enel Russia From EBRD: Vedomosti
- RMS FP : Hermes 2Q Sales Beat Ests., Sees 1H Oper. Profit Down ‘Slightly’
- NHY NO : Norsk Hydro 2Q Underlying Net Income Beats Estimates
- NOVN VX : Novartis 2Q Net Sales, Core Oper Profit in Line; Keeps Forecast, Lifts Sales Forecast for Sandoz, Lowers for Alcon, CEO Sees Biosimilars Growing 20% to 30% Per Quarter, Profit Drops as U.S. Dollar Strength Erodes Sales
- OCI NA : OCI Materials preliminary bids due August; Taiyo Nippon Sanso among suitors - Deal Reporter
- ORA FP : Orange in Talks to Buy Four Bharti Airtel Units in Africa
- PINF IM : Pininfarina talks with Mahindra & Mahindra may be back on agenda - Il Messaggero
- PMO LN : Premier Oil Sees High Chance of Oil in Mexico Block: Director
- PSM GY : ProSiebenSat1 in Talks to Take Scout24 Stake: Handelsblatt
- RCO FP : Remy 1Q Sales Miss Ests., Confirms FY Target
- RNO FP : Renault Considers Selling Low-Cost Crossover in Iran: Reuters
- SAP GY : SAP 2Q Earnings In Line; Cloud Subscription Rev. Beats, May Enact ’Targeted’ Job Cuts in 2016, CFO Says
- SRT3 GY : Sartorius 2Q Adj. Ebitda EU63.6m vs EU46.2m
- TEL2B SS : Tele2 2Q Ebitda Slightly Below Est.; Keeps 2015 Forecast
- TRELB SS : Trelleborg 2Q Pretax Beats Est.; Sees 3Q Demand on Par W/ 2Q
- TSCO LN : Dunnhumby’s new data agreement with Tesco could lower sale price; talk of Tesco abandoning auction SKy News Link : http://bit.ly/1JtF3kL
- TOM2 NA : TomTom 2Q Sales, Ebit Beat Ests.; Keeps FY Outlook, Names CFO
- UNR1V FH : Uponor 2Q Sales, Profit Miss Ests.; Repeats 2015 Outlook
- VOW3 GY : LG Chem Denies Report on 6.9t Won of Battery Order From Audi
- ZAL GY : Zalando Says 2Q Rev. EU727m-EU738m vs Est. EU688m