Dow -0.04% S&P -0.20% Nasdaq +0.01% Russell -0.53%
US market closed lower. News flow was generally light on Monday with statements from three FOMC voters acting as the top headline. In summary, Chicago Fed President Evans could not rule out four rate hikes in 2017, Philadelphia Fed President Harker believes that the Fed will mildly overshoot the 2.0% inflation target, and Minneapolis Fed President Kashkari stated that he would like to shift the focus to reducing the Fed's balance sheet. CAT +2.47% after strong machine retail sales for February. AAPL+1%, PHLX +0.8%, the materials (+0.4%), consumer staples (+0.1%), and real estate groups (+0.1%) finished in the green. Utilities -0.7%, Energy -0.1%. US After Hours Christopher & Banks (CBK) up on insider buy, Calithera Biosciences (CALA) down on stock offering. Asian equity markets traded mixed and mostly in narrow ranges, tracking another flattish day on Wall St. Bullish sentiment has been tempered by uncertainty regarding Pres Trump's pro-business tax agenda as the cabinet continues to wrestle with Congressional inquiry into Russia election ties as well as negotiation on Obamacare repeal legislation that needs to get passed before tax reform can begin. Modest safehaven bid of US Treasuries continued on Monday as yield curve flattened and financials struggled. In Asian hours, futures are pointing to more optimism attributed to initial response from Elabe poll in France that showed Macron as the most credible candidate in today's debate, potentially defusing concerns of a populist revolt propelling Le Pen to a surprise victory in May. EUR/USD bounced on the poll release, rising some 50pips to 1.0770, while USD/JPY reversed some of the early pressure to rise over 40pips above 112.70.
Nikkei -0.34$ Hang Seng +0.34% CSI +0.13% Shanghai +0.02%
Eur$ 1.0768 CNH 6.8887 CNY 6.8990 JPY 112.74 GBP 1.2357 CHF 0.9977 RUB 57.3684 WTI$ 49.09 +0.37%
S&P +0.17% EuroStoxx +0.03% Dax +0.07% FTSE -0.02% SMI +0.12%
Macro :
- Paris Accord Could Make the World $19 Trillion Richer
- U.S. Gasoline Demand to Drop More Than 1.7M B/D by 2030: WoodMac
Keep an eye on :
- AKZA NA : PPG Could Offer Up to EU95/Share for Akzo Nobel: United First
- ATC NA : Altice Buys Ad Service Teads in Deal Valued at Up to EU285m
- BGN IM : Banca Generali Names Gian Maria Mossa CEO
- DWNI GY : Deutsche Wohnen FY Adj. Ebitda EU527.4m, Proposes EU0.74 Div.
- EDF FP : French Union Calls for Strike at Electricite de France Tuesday
- IMB LN : Imperial, Japan Tobacco May Take Stakes in Wholesaler P&H: Sky
- KOMN SW : Komax FY Adj. Ebit CHF57m; Increase Dividend; Sees 2017 in Line
- MUV2 GY : Munich Re Downgraded as Upside Potential Limited, Bernstein Says
- OR FP : Body Shop Bid Deadline Said to Be Mid-April, Reuters Says
- PUB FP : Honda Said to Drop Publicis Ad Unit After Trust Breakdown: WSJ
- SAN FP : Sanofi Sees Drug Sales in China Rising 10% or More This Year:WSJ
- SGL GY : SGL Sees Mid Single Digit Percentage Increase for 2017 Sales
- SOLB BB : Solvay Starts Dental-Care Business for Partial Denture Frames
- TMG NA : Talpa Buys 37,253 Telegraaf Shares for Average EU6.50 Apiece
- TNET BB : Telenet’s BASE Doubles Data Allowance in Mobile Plan Promotion
- TESB BB : Picanol Unit Buys Additional EU0.29m of Tessenderlo Chemie Stock
- UNA NA : Unilever Sees Investor Support for Kraft Rejection: De Telegraaf