US Market Closed lower on Friday, closing the week on negative performance, Tech opened on the highs but slipped all day...Financials were trading better during the all session...volumes were above average because of options expiration...VIX @ 14,68 -0,75%...- Shanghai Composite and Hong Kong's Hang Seng are leading the regional indices lower; Property sector-related turmoil started with a press report that some of
the China banks tightened their loans to property developers. Later in the day, China reported January home sales data that saw some pronounced slowing in pricing. Existing home price trends were particularly troubling, falling 0.1% m/ m in Beijing (vs 0.5% prior) and rising just 0.1% in Shanghai (vs 0.6% prior).
China's all-70 new home prices are up 9.6% y/y, down from 9.9% rate of growth in Nov and Dec. Vanke, Poly, and Gemdale - some of the top property development names in the industry - are down by at least 5% on the day.
Eur$1,3744 S&P Fut -0,06% European Fut -0,26%
Keep an eye on :
- ALO FP : Alstom CEO Kron Seeks Industrial Partnerships, JDD Says
- ALU FP : Alcatel-Lucent SA Announces global collaboration with Intel; terms not disclosed
- BKIA SM : Bankia Weighing Sale of Metrovacesa Stake, Expansion Reports
- BNZL LN : Bunzl 2013 Rev., Adj. EPS, Div. Beat; Sees Growth in 2014
- DBK GY : Deutsche Bank to Reduce U.S. Assets by $100b: FT
- HEN3 GY : Henkel has EUR 4.5bn M&A war chest; targets too expensive, no details about which branch, Henkel Family Extends Share-Pooling Agreement
- KPN NA : KPN CEO Unsure If Co. Will Still Be Independent in 5 Years: NRC
- MVC SM : Bankia Weighing Sale of Metrovacesa Stake, Expansion Reports
- NOK1V FH : Nokia Wins Contract to Finish EE’s U.K. High-Speed Mobile System
- NOVN VX : Novartis Says FDA Grants Special Use of Bexsero for UCSB
- NUM FP : Numericable Investor Probably Had SFR Talks With Vivendi: Figaro
- REP SM : Repsol Compensation to Include ~$3b New-Issue Bonds: Economista
- RHK GY : Rhoen-Klinikum 2013 Profit 24% Less Than It Targeted: Spiegel
- RSA LN : RSA Mulls Rights Issue Among Measures to Bolster Balance Sheet (800m )
- SFR IM : Ferragamo Confident for 2014, Sees Year of Growth, CEO Says
- SCVB SS : Scania Shareholder Skandia to Reject VW Bid, DI Says
- THR BB : ThromboGenics Mandates Morgan Stanley for Strategic Review
- TKA AV : Telekom Austria CEO: Not Aware of Govt Talks With America Movil
- VIE FP : Veolia CEO Said to Face Challenge at Board Meeting Within Days
- VIV FP : Numericable Investor Probably Had SFR Talks With Vivendi: Figaro
- VOD LN : Vodafone Germany Expects to Lose EU500m in Sales Next Year: WiWo
- VOD LN : Vodafone Cash Distribution Confirmed at 29.5p/Share
- ZIGGO NA : Liberty Global to Submit AFM Request Shortly, is Making Progress