Dow+0.72% S&P+0.78% Nasdaq+0.93% Russell+0.60% VIX
US Market closed higher thanks to last hour rally. Europe was under-pressure because of spain elections (Ibex-3.6%). US Equities hit their session highs during the opening hour of the trading day. All ten sectors took part in the rally, but the market ran into some resistance that coincided with renewed selling in crude oil, which ended the day lower by 1.3% at $35.79/bbl. Furthermore, the intraday selling in oil may have rekindled concerns about the high-yield debt space. final hour rally placed the S&P 500 just below its early high. The energy sector (+0.1%) ended the day just above its flat line while the remaining cyclical groups posted stronger gains. Similar to technology, industrials (+0.8%) and financials (+0.9%) had a strong showing while the consumer discretionary sector (+0.4%) underperformed. Volume were in line with average at 900mil shares. US After Hours EBF +3.2%, SCS -20.1% following earnings/guidance; ALXA +41% following Phase 2a study results, +41.2% on+ve Phase 2, NTAP-1.2% on Solidfire Acqusition (not quoted). Financial press citing an un-named Japan Govt official said that the planned issuance of deficit financing bonds in FY16 would be at ¥28.8T, which would be an 8-yr low. This was attributed to increased tax revenue arising from stronger company profits. Japan released its FY16/17 guidance, seeing nominal GDP at 3.1% and real GDP at 1.7%. CPI is seen at 0.4% but expected to rise to 1.2% in FY16/17. The report also noted that the recently complied stimulus package to add 0.6% to GDP over next 3 years. FY16/17 bond issuance was guided at ¥34.4T. China's Leaders signal more stimulus after top economic meeting but was not enough to push market higher as investors waiting for action. USD/JPY was last trading at 121.25. Oil is main driver for move in US & Asia.ALXA
Nikkei-0.16% HAng Seng+0.01% Shanghai-0.09%
Eur$ 1.0915 CNY 6.4786 JPY 121.23 GBP 1.4888 CHF 0.9929 RUB$ 71.20 WTI$36.04
S&P+0.21% EuroStoxx+0.52% Dax +0.62% SMI +0.2%
Macro :
- Greece Gets Bindings Bids for Piraeus Port Stake, HRADF Says
- Fed’s Lockhart Doesn’t See Rate Rise Snuffing Out U.S. Growth
- Permira Seeks Software, E-Commerce, Big Data Deals, Boersen Says
- Qatar National Bank to Buy Turkey’s Finansbank for $2.95 Billion --> Strategic move are starting in the region...
Keep an eye on :
- AIR FP : SpaceX Falcon 9 First Stage Landing Confirmed
- AIR FP : Iran’s Mahan Air to Buy 100 Sukhoi Jets From Russia: Manturov
- ATLN VX : Actelion Win’s FDA Approval of Uptravi for Hypertension
- AGS BB : Ageas Spends EU4.66 Mln Buying Back 113,978 Shares Dec. 14-18
- AIR FP : Airbus Signs Shr Purchase Pact for Comm. Satellite Business
- ATC NA : Altice announces completion of Suddenlink acquisition
- APC US : Anadarko Shrs Climb; Benzinga Says Sinopec Mulling Takeover
- EN FP : Orange, Bouygues Continue Takeover Talks Over Christmas: Echos
- CO FP : Casino Group affirms strength of business model, strategic plans and financial structure, strongly rejecting arguments put forward by Muddy Waters Capital (Press Release attached)
- CSGN VX : Credit Suisse Filed Arbitration Claim Vs UBS on Staff Raid: WSJ
- DEXB BB : Dexia Says Simplifying Group’s Governance
- F US : Google Teams With Ford to Build Self-Driving Cars: Yahoo Autos
- GFS LN : G4S rumoured to be private equity target - Daily Express
- JNJ US : J&J Ordered to Pay $5.5 Million Over Vaginal-Mesh Implant
- RLD SW : Edmond De Rothschild Sees 2015 Net Inflows of Chf8b: Les Echos
- MRL SM : Merlin Properties Obtains EU1.7b Loan to Pay Testa-Related Debts
- ETE GA : Finansbank Sale to Boost National Bank Liquidity by EU3.5b
- NDA SS : Nordea, DNB May Seek to Sell Their Loans to Eniro, SVD Reports
- ORA FP : Orange, Bouygues Continue Takeover Talks Over Christmas: Echos
- OR FP : Serge Lutens acquired by Shiseido for undisclosed amount
- SAN FP : India May Exempt Sanofi Dengue Drug From Large-Scale Trials: ET
- SYNN VX : Syngenta Raised at Jefferies; Probability of Transaction Is High
- USG NA : Recruit Offers 31% Premium to Acquire USG People