US Market Closed higher , Small caps lagged...Market didn't really moved on FED Minutes, no real details on Rate hike timing...All ten sectors posted gains with cyclical groups faring a bit better than their defensive counterparts. Of the six growth-sensitive sectors, five settled in line or ahead of the S&P 500. The financial sector (+0.8%) provided leadership through the first half of the session, but energy (+1.1%) and consumer discretionary (+1.2%) overtook financials during the afternoon...consumer discretionary sector finished in the lead even as quarterly earnings from a handful of retailers disappointed... telecom services and utilities ended little changed, while health care (+0.8%) settled in line with the broader market. The consumer staples sector (+0.6%) spiked into the close as shares of Lorillard (LO 62.63, +5.90) surged 10.4% amid reports Reynolds American (RAI 59.77, +2.51) is in discussions to acquire Lorillard...Volume were below average @ 574mil shares...VIX @11.91 -8.10%...- Risk-on sentiment, already on display in a strong session of gains on Wall St, shifted into high gear following the release of stronger than expected China HSBC flash manufacturing PMI...Nikkei225 is leading the charge, boosted by softer Yen, as USD/JPY rose nearly 40pips above 101.70...Nikkei +2.11% HS+0.65% Shanghai +0.28%
Eur$1.3665 S&P Fut +0.215 European Fut +0.40%
Keep an eye on :
- AI FP : Air Liquide Wins EU65 Million Iter Contract, Les Echos Says
- ATL IM : Atlantia Still Attractive; PT Raised to EU20.7 at Morgan Stanley
- AZN LN : Legal & General Wants AstraZeneca to Pursue Pfizer Deal: WSJ Link
- BARC LN : CaixaBank, BBVA Interested in Barclays Spain Business: Pais
- BATS LN : British American May Help Finance Reynolds/Lorillard Bid:Reuters
- CBK GY : Commerzbank Sale of Japan Property Loans Imminent: Handelsblatt
- CU FP : Bonomi Doesn’t Rule Out Bid for Club Med, Les Echos Says
- FOU BB : Fountain Sells 1.997m New Shares in Rights Offering at EU2/Shr
- LOGN VX : Logitech Announces Delay in Form 10-K Filing
- MBQ GY : Mobotix 1H Sales Rise 4%, EPS Falls 64%; Cuts FY14 Outlook
- MS IM : Mediaset Upgraded at BofAML on Scope for Further Pay TV Upside
- NOVN VX : Novartis Says It Hasn't Been Contacted by Authorities in China
- RBI AV : Raiffeisen 1Q Net Beats Ests; State Aid to Be Repaid Soon
- RCS IM : RCS MediaGroup Renegotiating Debt Conditions With Banks: Sole
- RNO FP : Renault Signs Accord With Malaysia’s Tan Chong Motors
- SALM NO : SalMar 1Q Op Ebit Rises to NK485m; Maintains Harvest Forecast
- UNA NA : Mizkan to Make Announcement on Unilever Sauce Business: Asahi
- VIV FP : Activision Blizzard Says Vivendi to Sell 41.5m Shrs
- VIV FP : Al Jazeera, Vivendi in Due Diligence for Mediaset Pay-TV: Sole