Dow-0.15% S&P-0.09% Nasdaq+0.03% Russell+0.17%
US Market closed for a 3rd day in a row on flat note. FOMC Minutes pushed mkt higher but came back to the flat line.the minutes revealed that some participants believed that the weakness observed in the first quarter could extend into Q2 with many officials characterizing a rate hike in June as "unlikely." However, the minutes did not rule out a near-term rate hike in its entirety. US 10y settled @ 2.25%. Airlines paced the slide with Delta Air Lines (DAL 43.62, -2.59), Southwest Airlines (LUV 37.19, -3.72), and United Continental (UAL 54.54, -6.27) losing between 5.6% and 10.3% after Southwest lowered its guidance. In addition, investors showed concern over potential pricing pressures that could result from the entry of three subsidized Arabian Gulf carriers into the U.S. market. Volume were in line with the last few days @ 700mil shares...US After Hours CRM +6.4%, WSM +4%, COVS +3.5%, XNET -14.9%, KZ -13.8%, NTAP -8.3% following earnings/guidance...CTP +42.0% (agreed to exclusive negotiations to be acquired by DHR International; pricing and other terms not disclosed, OCR +4.9% Bloomber reporting that co is in late stage talks to be acquired by CVS Health...Asia stocks are mixed, tracking the ripple created by the release of the latest Fed meeting minutes in late US trading hours...China PMI missed consensus and remained in contraction for the 5th straight month, HSBC economist noted the figures "pointed to a further deterioration in operating conditions in April, with production declining for the first time in 2015" and suggest softer demand domestically and overseas, the data is "leaving plenty of scope for the authorities to implement further stimulus measures. Ahead of tomorrow's BOJ policy statement, Nikkei report speculated policymakers may consider their first upward revision in overall economic assessment in nearly two years.
Nikkei +0.13% Hang Seng -0.43% Shanghai +0.80%
Eur$ 1.1105 GBP 1.5535 EURCHF 1.0391 JPY 121.07 RUB $49.9051 WTI $59.24 (+0.44%)
S&P -0.13% EuroStoxx -0.22% Dax -0.23% SMI -0.12%
Macro :
- HSBC China May Flash Manufacturing PMI 49.1; Est. 49.3
- Fed Minutes: Many Saw June Mtg as Likely Too Soon for Rate Move
- ECB Said to Leave Haircut on Greek Collateral Unchanged
- Moscovici Says Greece Progress Made in Last 3 Weeks: L’Opinion
- ECB Scraps Embargoed Media Speeches After Fund Storm: Reuters http://reut.rs/1Py2gLg
- Germany’s Schaeuble Doesn’t Rule Out Greek Bankruptcy: Echos
Keep an eye on :
- AIR FP : Airbus Faces Hefty Penalties for A440M Delay: Handelsblatt
- BP/ LN : Halliburton Reaches Pact With BP Resolving Deepwater Claims
- EDF FP : EDF Offers 10,000-Euro Bonuses to Change Work Contracts: Echos
- HETA GR : Heta Annual Report Delayed Until End of June
- NHH SM : Santander Selling 8.56% of NH Hotel Group in Bookbuilding ,Shrs Priced at EU5.10 (Fiidentis selling)
- RBI AV : Raiffeisen 1Q Net Income Halves to EU83m; Est. EU58m
- RF FP : Eurazeo’s Europcar Files IPO Documents With French Regulator
- SAN FP : Sanofi, Regeneron Say Phase 3 Sarilumab Studies Met Goals in RA
- SYNN VX : Monsanto Declines to Say Where Combined Co. to Be Domiciled
- TIT IM : Telecom Italia ‘Highly Interested’ in Enel Collaboration: CEO
- TIT IM : Telecom Italia Says Will Go Ahead With Tower IPO
- ZURN VX : Zurich Says on Track to Meet 2016 Strategic Objectives