US Market spedn of Fiday session near the flat line but manage to rally by the close, cling 0.46% higher, energy sector (+3.1%) finished in the lead and extended its weekly gain to 9.7%, which put the growth-sensitive group well ahead of the remaining sectors. Crude oil contributed to today's rally as the energy component settled higher by 5.4% at $57.10/bbl and continued its advance into the $58.00/bbl area in electronic trade...Excepte Energy & Matetials, industrials (+0.5%) were the only sector to close ahead of market...Volume were way of ahead of average on Friday because of Quadruple witching with 2.1bil shares...VIX @ 16.49 -1.9%...In Asia, South Korea Finance Ministry cut its 2014 GDP forecast to 3.4% from 3.7%, 2015 GDP to 3.8% from 4.0%, and 2015 CPI target from 2.3% to 2.0%...OPEC officials at an Energy Conference in Abu Dhabi were steadfast in the recent decision to maintain their oil production levels in spite of the steep price decline. UAE Energy Minister said the major reason for the price slump is "irresponsible" output levels outside of OPEC, Saudi Arabia Min reiterated his country will not cut, but certainly Saudi Arabia is not cutting output, and Qatar Min added the price does not reflect the fundamentals. WTI crude prices fell about a dollar in early electronic trade in the wake of those comments before stabilizing later in the day...Further comments out of non-Bundesbank ECB officials reflected continued worries over low inflation in the Eurozone. ECB's Constancio said he expects to see a deflation in the coming months in part due to falling oil prices, and ECB's Coene expressed he would support sovereign bond purchases as an effective measure of stimulating economic activity and fighting downward price pressure...Nikkei +0.08%...Hang Seng +1.34%...Shanghai +0.51%...
RUB $57.95 Crude WTI $57.78 +1.14% Crude Brent $62.16 +1.27%
Eur$ 1.2255 S&P +0.07% EuroStoxx +0.51% Dax +0.33% SMI+0.31%
Macro :
- Ukraine Cut to CCC- From CCC by S&P, Outlook to Negative
- Italy Govt Favors Public Solution for Ilva Steelmaker: Giornale
- Wenning Says German Industry Faces Difficult Year: Frankfurter
- ECB's Coene (Belgium): Would support the ECB govt bond purchases - Belgium press
- China Willing to Aid Russia if Needed: Phoenix TV (Yday)
- EU May Tax Indian Ductile Cast Iron Pipes, Silico-Manganese
Keep an eye on :
- ABE SM : Abertis Interested in Brescia-Padua Toll Road, Il Sole Reports
- ADS GY : Adidas Says Sales of German Soccer Team Jerseys Surge: Focus
- AIR FP : Airbus CEO Says Oil Price Drop Allows Airlines to Invest: Echos
- ALO FP : Alstom in Talks With U.S. Authorities on Bribery Fine: Kron
- ALO FP : Brazil Court Frees Alstom’s BRL$148m Tied to Train Cartel: Folha
- SPR GY : Axel Springer Seeks to Buy Telekom Online Unit: Handelsblatt
- AZN LN : AstraZeneca CEO Says New Pfizer Takeover Bid ‘Unlikely’: DI
- AZN LN : AstraZeneca Says Full Lynparza Approval Will Require More Data
- BES PL : Portugal Regulator Doesn’t Oppose Fosun’s Purchase of ES Saude
- BMPS IM : Monte Paschi Seeks Partner, Capital, Profumo Tells Der Standard
- GBF GY : Bilfinger Sells Construction Division to Implenia
- BSY LN : Vodafone May Bid for Sky in 2015, Sunday Express Reports
- BUZ IM : Buzzi Targets Ebitda Break-Even in 2016 in Italy, Sole Reports
- CBK GY : Commerzbank Winning Consumer Clients From Competitors: dpa-AFX
- 4519 JP : (Chugai) -4.4% Chugai Drops After Roche Breast Cancer Drug Trial Disappoints
- DAI GY : Daimler May Raise 2014 Dividend, CFO Tells Boersen-Zeitung
- DL NA : Delta Lloyd Fined EU22.8m by Dutch Central Bank
- DBK GY : Deutsche Bank Sees European Consumer Banking Consolidation: Welt
- DTE GY : Deutsche Telekom Weighing T-Online Sale to Axel Springer: Wiwo
- FER SM : Ferrovial Said to Plan Higher Transfield Bid of A$2-A$2.05/Shr (this Week end )
- FER SM : Ferrovial Suspends Talks With Transfield (today)
- FCA IM : Chrysler Expands Air-Bag Recall Nationwide, Adding 2.9 Mln Cars
- FNC IM : Finmeccanica to Decide on Breda, STS Sale Next Year: Messaggero
- HIK LN : Drugmaker Hikma on lookout for acquisitions - FT
- IBE SM : Iberdrola Awards Contract For EU620 Mln to Areva, El Pais Says
- IDR SM : Hernandez Seeks to Buy Indra Stake For Hanson, El Mundo Says
- MOR GY : Morphosys Gets Milestone Payment on Phase 1 of HuCAL Antibody
- NES1V FH : Neste Oil Revises Operating Profit for 2014 to Exceed EU550m
- OCS FP : Oberthur Makes Bank Card With Changing Code, Aujourd’hui Says
- UG FP : Peugeot Family Shareholders Told to Leave Headquarters: Echos
- UG FP : Peugeot May Seek to Make More Cars in Africa, CEO Tells Tribune
- RNO FP : Renault India Raises Prices by 2.5% Citing Higher Input Costs
- ROG VX : Roche Drug Avastin Approved in Switzerland for Cancer
- SAN FP : Sanofi Sues Fresenius to Block Generic Jevtana Cancer Drug
- SBRY LN : CEO: Will take as long as 2 years to recover from the "extremely challenging" conditions in grocery market
- SIE GY : Siemens CEO Expects Return to Growth in 2016: Wirtschaftswoche
- SIE GY : CEO: No plans to float health-care unit in 2015; Looking to grow the business through acquisitions
- SIK VX : Sika CEO Says Can’t Implement Saint-Gobain’s Goals: NZZaS
- SOI FP : Soitec Cuts Targets as Sale of San Diego Contracts Fails
- HO FP : Thales to Name Proglio as Chairman, Caine as CEO, AFP Reports
- TIT IM : Telecom Italia Mgmt to Meet With Oi After Jan. 12, Sole Reports