Dow +0.58% S&P +0.60% Nasdaq +0.47% Russell +0.75%
US Market closed again on record levels, real estate sector (+1.3%) led the afternoon advance, stealing the top spot on the day's leaderboard from the energy space (+0.7%), Crude up 1.1% at $54.37/bbl, as strong OPEC supply cut compliance overshadowed record high U.S. inventories. US After Hours WMGI +5%, DEPO +5%, RRGB +3%, FSLR +2% following earnings/guidance, NVDQ +25% continued strength following Cigna coverage news... SREV -25%, TXRH -10%, WLL -4.2% following earnings/guidance. Asian equity markets are mixed amid muted volatility in spite of all US indices hitting fresh record highs after a 3-day weekend. Investors still await FOMC policy meeting minutes for cues on policy bias as they calibrate expectations for a tightening next month. In FX, USD was under the most pressure against JPY and GBP - USD/JPY fell to session lows in the wake of BOJ Gov Kuroda stating oil prices have likely stopped weighing on CPI, potentially diminishing the need for bolder easing. GBP/USD saw more pronounced gains above $1.25 after reports that the Brexit law passed the reading in the upper house of parliament without a vote. China Stats Bureau said that data shows home prices stabilizing in lower tier cities and outright falling sequentially in top-tier cities. Gov Kuroda: More easing possible if needed to reach price target, but chances are small for a further negative rate cut
Nikkei -0.01% Hang Seng +0.84% CSI +0.09% Shanghai +0.11%
Eur$ 1.0523 CNH 6.8667 CNY 6.8811 JPY 113.53 GBP 1.2488 CHF 1.0110 RUB 57.4250 WTI$ 54.51 +0.33%
S&P +0.08% EuroStoxx +0.18% Dax +0.24% FTSE +0.04% SMI -0.07%
Macro :
- Fillon Jumps in French Poll as Macron Pays for Campaign Gaffe
- Fed’s Mester Says Comfortable With Interest Rates Going Higher
- U.K.’s May Faces Brexit Clash After Bill Clears First Lords Test
- Goldman Says Commodities Need Proof of Real Demand to Rally More
Keep an eye on :
- ABBN VX : ABB nominates Cevian managing partner Lars Förberg for election to the board
- AC FP : Accor Says Former French President Sarkozy to Join Board
- AC FP : Accorhotels 2016 Net Income EU265m; Est. EU317m
- AIR FP : Airbus Takes EU2.2b Charge for A400M Program
- AAPL US : IPhone 8 May Include 3D-Sensing Front Camera: MacRumors --> STM
- ARAMCO IPO : Saudi Aramco Said to Weigh Offering Citizens Discounted Shares
- ARMAMCO IPO : Aramco Picks JPMorgan, HSBC, MS as Lead Underwriters: CNBC/DJ
- ATO FP : Atos Posts 2016 Net EU620M, Beating Estimates
- BAYN GY : Bayer 4th-Qtr Ebitda EU2.17 Bln vs. EU2.07 Bln Est.
- BBVA SM : BBVA Agrees to Acquire 9.95% Stake in Garanti for EU859m
- BMY US : Icahn Takes Stake in Bristol-Myers; Sees as Possible Target: DJ
- CBK GY : Commerzbank Strategy Faces ‘High’ Execution Risk: Fitch Ratings
- DB1 GY : LSE, Deutsche Boerse Said to Plan Further Antitrust Concessions
- DENERG DC : Maersk, Dong Still in Oil Unit Merger Talks, Borsen Says
- DTE GY : Germany Still Considering Sale of Telekom, Post: Handelsblatt (14.47%(fed. rep) + 17,51% (Gov) stake)
- DPB GY : Germany Still Considering Sale of Telekom, Post: Handelsblatt (20.46%)
- DWNI GY : Deutsche Wohnen Primary Shares Offered in Placement: Terms
- DWNI GY : Deutsche Wohnen Convertibles Issued With 0.325% Coupon
- EDP PL : EDP May Sell Naturgas Network, Continue as Supplier: Economista
- FRE GY : Fresenius SE Sees 2017 Sales Up 15-17%; 2016 Misses Expectations
- KYG ID : Kerry Group stresses no plan to sell consumer foods arm; could spend EUR 1bn on 2017 acquisitions
- LSE LN : LSE-Deutsche Boerse Deal Not in National Interest: U.K. Lawmaker
- MDLZ US : Mondelez: Some of Our Brands Are Candidates to Be Sold Off
- MMT FP : M6 Metropole Television FY Net Jumps 33%; Revenue Climbs 2.3%, M6 Extends De Tavernost Mandate to 2020, Les Echos Says
- NXI FP : Nexity FY Net Income Rises 16%; Sees Profit Growth in 2017, 2018
- NYR BB : Nyrstar Adj. Ebitda of EU193m Meets Ests., Net Debt Above Ests.
- PKD US : Parker Drilling offering 12m common shares, $50m convertible preferred stock via Barclays.
- UG FP : Peugeot Family Said to Support Opel Deal: Les Echos
- SCR FP : Scor Considers Share Buybacks; Profit Beats Estimates
- SDRL NO : Seadrill To Review Rate and Cross Currency Hedge Accounting9
- STM FP : IPhone 8 May Include 3D-Sensing Front Camera: MacRumors
- TEF SM : Telefonica, KKR Plan Future IPO for Telxius, Expansion Reports
- O2D GY : Telefonica Deutschland 4Q Sales Broadly In Line With Estimates
- UNA NA : Kraft Heinz may buy Unilever's food division - Het Financieele Dagblad
- WIE AV : Wienerberger 2016 Ebitda EU404.3M; Est. EU397M
- WHM LN : William Hill Said Set to Promote Philip Bowcock to CEO, FT Says