Dow -0.22% S&P -0.14% Nasdaq -0.09% Russell -0.23%
US Market closed lower on mixed earnings. The S&P 500 finished off its best level of the day as ten sectors settled in the red. The lightly-weighted telecom services (-2.0%) sector finished at the bottom of the leaderboard with industrials (-0.5%) and consumer discretionary (-0.2%) also underperforming notably. On the flipside, heavily-weighted health care (+0.5%) finished in positive territory. Volume were again below average at 773mil shares. China property prices in September continue to rise particularly in the top-tier cities. State Administration of Foreign Exchange (SAFE) was not concerned about the impact of Fed tightening on emerging markets while also cheering the easing in capital outflow pressure. Ahead of Nov 1st BOJ meeting, Gov Kuroda reiterated he would consider what is appropriate for the yield curve target at every decision, but also added he sees no immediate need for change of view consider there have not been any big changes seen in the economy, price and financial developments; Kuroda further noted one option could be to reduce long-term bond buying to steepen the curve and that monetary base would still grow even if annual JGB pace slowed to ¥70T or ¥60T. US dollar extended its ascent across a number of major currencies as short-end US rates rise on improving US housing and Philly Fed data; EUR falls below 1.09 to a 7-month low, USD/CNY offshore hits multi-month highs above 6.775, USD/JPY returned above 100-day EMA above ¥104, and USD/CHF is at its near 5-month highs approaching parity.
Nikkei -0.24% HAng Seng Closed because of Typhoon CSI -0.06% Shanghai -0.21%
Eur$ 1.0905 CNY 6.7575 CNH 6.7637 JPY 103.82 GBP 1.2241 CHF 0.9949 RUB$ 62.4603 WTI$ 50.42 (-0.41%)
S&P -0.28% EuroStoxx -0.05% Dax -0.05% SMI -0.20% FTSE-0.05%
Macro :
- Hong Kong Cancels Stock Trading as Typhoon Haima Lashes City
- Asia Is Vulnerable to Global Uncertainty: Mohamed A. El-Erian
Keep an eye on :
- ABG SM : Each Abengoa Class B Share Gives Right to 1 New Ord. Share
- AIR FP : Air France’s Gagey to Lose CEO Position, La Tribune Says
- AM3D GY : SLM Solutions Holder Elliott to Reject GE Germany’s Tender Offer
- BAYN GY : Morgan Stanley Stands to Get $120m in Monsanto Fees: FT
- BAYN GY : Monsanto held takeover negotiations with Koch, Sinochem and BASF before agreeing sale to Bayer - FT
- BNP FP : French Banks’ Valuation Compelling, BNP, SocGen Top Picks: Citi
- BNP FP : BNP Paribas Offers Employees EU1,000 Bonuses, Les Echos Says
- BOI FP : Boiron 3Q Rev. Falls 5.1% to EU159.4m; France Rev. Up 1.1%
- DAI GY : Daimler 3Q Ebit Ex-Items EU4.01b; Says On Track for FY Targets
- AM FP : Dassault Aviation Aims to Cut Supplier Contract Costs: Figaro
- ENI IM : Eni Says Deal for Mozambique Gas Field Not Finalized
- ERICB SS : Ericsson 3Q Net Loss Exceeds Ests.; Sees Weaker Sales Growth
- EI FP : Essilor 3Q Sales Rise 6.4% to EU1.723b; US Market Still Sluggish
- FBEL FP : France’s Bel to Buy 65% of MOM in Deal Valuing Target at EU850m
- FNAC FP : Fnac 3Q Pro-Forma Rev. -0.9%, Cautious on 4Q Consumer Backdrop
- GFC FP : Gecina Lifts Recurring Net Inc. Growth Outlook; 9m Rev. -1.3%
- LUX IM : Luxottica Acquired 408.8k Shares on Milan Stock Exchange MTA
- MS IM : Mediaset Says Vivendi Letter Proves Contract Validity
- NETS DC : Nets Says Stabilization Period After IPO Ends
- RMG LN : U.K. Said to Seek Buyers for Royal Mail Private Equity Portfolio
- SAP GY : SAP 3Q Operating Profit In Line; Narrows 2016 Profit View, CEO Says Pipeline More Robust Than Ever Going Into 4Q
- GLE FP : French Banks’ Valuation Compelling, BNP, SocGen Top Picks: Citi
- TEC FP : Technip: Crisis for Oil-Services Industry ‘Only Beginning’
- TELIA SS : Telia 3Q Adj. Ebitda in Line With Ests.; Net Misses on Provision
- FP FP : Total CEO Pouyanne Says Oil Industry Isn’t Investing Enough, Oil Price Won’t Return to $100/B, Total’s Head of E&P Says
- TOM2 NA : TomTom 3Q Revenue, Ebit Miss Ests.; Gross Margin Grows
- FR FP : Valeo 3Q Sales Beat Estimate; Sees FY Margin ~8%
- VOLVB SS : Volvo 3Q Profit Misses Estimate, Truck Orders Fall 7%