Dow-0.63% S&P-0.52%% Nasdaq-0.05% Russell-0.57%
US Market closed lower, weakness can be attributed to retreating oil prices, mixed earnings results, and the underperformance of the heavily-weighed financial sector (-1.0%). ECB President Draghi struck a dovish tone in his remarks as he reiterated that rates will remain at their present levels or lower for an extended period of time. Furthermore, Mr. Draghi said financing conditions in the eurozone improved in March, but the central bank head believes that inflation could turn negative in the coming months. By the end of the session, nine sectors traded in negative territory with countercyclical telecom services (-2.7%), utilities (-2.2%), and consumer staples (-1.7%) outpacing the losses in the broader market. Meanwhile, financials (-1.0%), and energy (-0.5%) registered slimmer losses. On the flip side, the heavyweight health care space (+0.6%) ended its day as the lone advancer. Volume were in line with average at 987mil shares. US After Hours Earnings Movers : AMD +23.3%, PACB +5.5%, SKX +4.9%, HBI +4.7%, SWN +4.5%, NSC +4.4%, MXIM +4.2%, PFPT +3.4%, NSU +3.3% -ve : LAKE -16.1%, SAM -11.7%, MSFT -5.9%, GOOG -5.8%, V -4.9%, SBUX -4.2%, TRN -2%, HA -1.1%, (Inter Parfums reports in-line Q1 sales; reaffirms 2016 guidance), SHLD +8.8% on stores closing, CXRX +8.2% ons strategic alternatives, MA-2.3% After Visa. Asian equity markets are tilting lower in the final session of the week, as profit-taking interspersed with disappointing US afterhours earnings reports from tech and consumer bellwether names Alphabet, Microsoft, Visa, and Starbucks. USD/JPY spiked up about 80pips in the final 90 minutes of Tokyo trade after reports surfaced noting that BOJ officials are considering lending to banks at negative rates. the PBoC has weakened the Yuan for the 2nd straight day after previously strengthening the currency for 3 consecutive sessions. China Commerce Ministry researcher remarked that Q1 GDP - even at a 7-year low - shows that a severe downturn has been avoided with recovery of the property sector playing a key role.
Nikkei +0.60% Hang Seng-0.93% Shanghai -0.42%
Eur$ 1.13 CNH 6.4915 CNY 6.4865 JPY 110.25 GBP1.4359 CHF 0.9744 RUB 66.3520 WTI 43.85 (+1.55%)
S&P+0.16% EuroStoxx-0.36% Dax-0.48% SMI -0.05%
Macro :
- Music Star Prince Has Died at His Home in Minneapolis: AP
- BOJ Officials Said to Eye Possible Negative Rate on Loans
- Wall Street Bonus Pay Restricted Under Regulators’ Proposal
- Japan Stocks Jump on Report BOJ Considering Support for Banks
Keep an eye on :
- ABI BB : Sens. Lee, Klobuchar Write DOJ on SABMiller-InBev Merger
- ASML NA : ASM International Sees Much Stronger 2H vs 1H 2016
- BA US : Boeing Said to Consider New 737 Model: WSJ
- BCP PL : BCP Shareholders Approve 1-for-75 Reverse Stock Split: Spokesman
- BMW GY : German Auto Report Said to Show Further Emissions Issues: HB
- DAI GY : Daimler: U.S. DOJ Requests Internal Investigation on Emissions
- DAI GY : Daimler 1Q Profit Beats, Rev. Misses; Guidance Reiterated
- DBHN GY : Deutsche Bahn Seeks IPOs for Schenker, Arriva: Sueddeutsche
- EDF FP : EDF Confirms Xavier Girre As Group Finance Chief
- EDF GY : EDF Unions Threaten Court Action on Hinkley Point Project: AFP
- EDF FP : Hollande, Macron Disagree on EDF Bailout, Les Echos Says
- EGP PL : Mota-Engil Issues EU32m of 4-Year Bonds in Private Placement
- FERR IM : Ferragamo Says CEO Michele Norsa Wants to Step Down
- FNAC FP : Fnac 1Q Rev. Down 0.6% to EU839m, Says Momentum in France Sales
- GFT FP : Gameloft sees Amber Capital increase stake to 15% hoping for white knight or improved bid - LEs Echos
- HAV FP : Havas 1Q Revenue Up, Says Satisfied With Level Of Organic Growth
- ITP FP : Interparfums Confirms Full-Year Sales Target of EU340m
- KER FP : Kering 1Q Gucci, Bottega Veneta Comparable Sales Miss Ests.
- MELE BB : Melexis 1Q Net EU22.8m vs EU27.1m; Financial Outlook Unchanged
- MOBB BB : Mobistar 1Q Rev. Tops Est.; Adj Ebitda EU53.8m; Confirms Outlook
- OKDVV FH : Oriola-KD 1Q Revenue EU401.3m; Sees FY Sales at 2015 Level
- UG FP : PSA Emissions Raid Related to Tests on Three Cars: AFP
- RNO FP : Renault First-Quarter Sales Rise on Europe’s Appetite for Espace
- SAX GY : Stroer: Muddy Waters Report ‘Far Fetched’ and ‘Groundless’
- SHP LN : Shire CEO Pay Opposed by Shareholder Advisory Firm PIRC
- SIE GY : Siemens CEO Sees No Job Loss Due to Digitalization: Bild-Zeitung
- SSABA SS : SSAB Launches Rights Issue of About SEK5b
- SSABA SS : SSAB 1Q Loss Smaller Than Estimated; Expands Cost Cuts
- TKTT GY : Tarkett 1Q Rev. EU576.3m, Est. EU561.3m
- TEF SM : Telefonica mulls Mexican IPO as part of O2 contingency planning - MergerMarket
- HO FP : Thales Alenia Space Targets 10% Sales Growth in 2016: Echos
- RIGN SW : Transocean Defers Delivery, Final Payment for Two Drillships
- UL FP : Unibail-Rodamco 1Q Gross Rental Income EU456.6 Mln vs EU419 Mln
- VOLVB SS : Volvo 1Q Profit Beats Est., Revenue In Line
- VRAP FP : Vranken-Pommery 1Q Sales Rise 5.2% to EU48.9m
- VIV FP :
- VOW3 GY : U.K. Finds No Further Evidence of VW-Like Emissions Cheating
- ZC FP : Safran Said to Weigh Bid for Zodiac in French Aerospace Tie-Up