Dow+0.19% S&P +0.43% Nasdaq +1.06% Russell +0.77%
US Market closed higher helped by good numbers from MSFT, risk-on approach continue, bidding cyclical sectors and the beleaguered biotechnology sub-group. In europe, SAP Numbers helped Dax to trade higher. ECB is scheduled to meet Thursday, marking its first meeting since the referendum. The central bank is widely expected to leave its policy stance unchanged. WTI crude erased an early loss as investors weighed the latest inventory data from the Department of Energy. The EIA reported that crude oil inventories fell by 2.34 million barrels (estimate: -2.10 million barrels) while gasoline inventories rose by 0.91 million barrels (estimate: -0.83 million barrels). technology (+1.4%), health care (+0.9%), and consumer discretionary (+0.4%) led while energy (-0.2%), utilities (-0.4%), and consumer staples (-0.5%) rounded out the board. Volume were below average with 650mil shares traded. US after hours QCOM +7%, EBAY +6.5%, MAT +3.2% on earnings/guidance, LGIH +3.1% on S&P SmallCap 600 addition news... KMI -5%, INTC -3%, AXP -1% on earnings/guidance. Asian equity markets are once again mixed in the wake of continued melt-up of US indices to fresh record highs. Japan is outperforming after local press reports that the post-Parliament election victory for PM Abe would produce an even larger than anticipated fiscal stimulus(the fiscal package to reach at least ¥20T - up from over ¥10T forecast after the elections). Korea's Kospi is slightly negative after comments from Fin Min Yoo that the economy is still weak and external uncertainties like Brexit are advancing.
--> Joy to be bought bu Komatsu for $28.3/share vs $23.55 yest. --> 20.17% premium
Nikkei +0.67%^ Hang Seng +0.85% CSI +0.71% Shanghai +0.58%
Eur$ 1.1033 CNH 6.6727 CNY 6.6720 JPY 107.10 GBP 1.3237 CHF 0.9850 RUB 63.6239 WTI 45.99 (+0.50%)
S&P +0.02% EuroStoxx +0.13% Dax +0.35% SMI +0.34% FTSE -0.33%
Macro :
- Citadel Said to Hire 17 Portfolio Managers From Visium: WSJ
- Brexit Unlikely to Affect EU Finances, Moody’s Says
- Brexit May Mean ‘Re-Rationalization’ of Climate Policy: Teyssen
- ECB Must Keep Buying Govt. Bonds After March 2017: BoA ML’s Moec
Keep an eye on :
- ABBN SW : ABB 2Q Operational Ebita Beats Estimates
- ABI BB : AB InBev Said to Win U.S. Antitrust Approval for SABMiller Deal
- ATLN VX : Actelion Core 2Q Net Revenue, Core EPS Beat Estimates
- AAD GY : Amadeus Fire 1H Sales Rise 1.6%; Sees 2016 Ebitda Falling
- POP SM : Banco Popular Prepares Plan for Up to 3,000 Lay-Offs: Expansion
- BETSB SS : Betsson 2Q Roughly in Line; Seen Uplift in Active Customers
- BMPS IM : Paschi NPL Sales Plan Will Be Assessed by ECB Today: Sole
- BP/ LN : BP Planning U.K. Oil Terminals, Pipeline Stake Sale: Telegraph
- CNE LN : Cairn Energy Said to Be ‘Victim’ of HSBC Currency Frontrunning
- DAI GY : Daimler 2Q Revenue in Line, Cars Margin Lower
- DAI GY : Daimler Says Acquiring Athlon Car Lease for EU1.1b
- DASNKE DC : Danske 2Q Net Misses Estimates; Outlook Maintained
- DSY FP : Dassault Systemes 2Q Non-IFRS Sales, EPS Beat Estimates
- DSY FP : Dassault Systemes to Buy CST for EU220m Cash; Sees 2H Growth
- DRI GY : Drillisch 2Q Oper. Cash Flow EU71.8m vs EU14.2m Y/y
- ELIOR FP : Elior Group to Buy U.K.’s Waterfall Catering Group
- ENEL IM : Tiscali in Deal With Enel for Broadband Network; Shares Up 11%
- ENGI FP : Engie Said to Offer Exploration Assets in Europe-to-Africa Exit
- ENI IM : GasTerra Has Commenced Arbitration Procedures Against Eni
- HSY US : Pershing Square Questions HSY’s Future Growth Re Mondelez: Call
- HIK LN : Hikma Says U.S. Regulatory Approval of Colchicine Upheld
- INTC US : Intel 3Q Rev. View Midpoint Tops Est.; 2Q Adj. EPS Beats
- KORI FP : Korian Says 1H Rev. Rises 16%, Confirms FY Sales Target
- KRN GY : Krones 2Q Sales Rise 3%, Net Down 4.5%; Confirms 2016 Outlook
- LHN VX : French Parliamentary Report Clears Lafarge of Funding IS: Figaro
- LHA GY : Lufthansa Cuts Forecast for Adj. Ebit 2016 to ‘Below Prior Yr’
- MC FP : LVMH Quashes Report Vuitton Designer Ghesquiere Could Leave Soon
- MC FP : LVMH Said to Be in Talks to Sell DKNY, DKI: New York Post
- MLNX US : Mellanox Technologies 3Q Revenue View Midpoint Misses Estimate
- UG FP : PSA’s Poissy Plant to Idle Because of Brexit, Le Figaro Says
- PSM GY : ProSieben: BlackRock Plans Addl Voting Rights Within Next 12 Mos
- PUB FP : Publicis CEO Says He’s ‘Quite Optimistic’ on Full Year, Publicis CEO Says 3Q, 4Q to Be Worst Hit by Account Losses
- RIEN SW : Rieter 1H Sales in Line With Estimates, Ebit Below
- ROG VX : Roche CEO Says Confident Co. Will Meet Full-Year Targets
- SAABA SS : Saab 2Q Operating Profit Misses Estimates; Keeps 2016 Outlook
- SBS GY : Stratec Sees Average Sales Growth of About 6% for 2016, 2017
- SLIGR NA : Sligro Sees Growth In Both Markets at Gradual Pace in 2016
- THULE SS : Thule 2Q Underlying Ebit, Net Sales Beat Ests.
- TIT IM : Niel Owns Options On Less Than 5 Percent Of Telecom Italia
- TEMN SW : Temenos 2Q Non-IFRS Rev. Rises 16%, Co. Confirms FY Outlook, Expects to Achieve High End of FY Guidance
- UL FP : Unibail-Rodamco 1H Recurring EPS on Track for Top of FY Guidance
- VOLVB SS : Volvo Cars 1H Operating Profit Triples to SEK5.59b on XC90 SUV