Dow +0.47% S&P +0.75% Nasdaq +0.89% Russell +0.50%
US Market closed higher. Crude oil moved was one of the catalyst. energy component rallied 4.1% ($48.27/bbl; +$1.89) after several oil producers made upbeat comments regarding the elusive OPEC supply cap agreement. Iranian Oil Minister Bijan Namdar Zanganeh stated that the oil cartel will likely reach a consensus regarding cuts at its official meeting on November 30. Separately, Iraqi Oil Minister Jabbar al-Luaibi indicated that three new proposals will be brought to the group during technical meetings taking place today and tomorrow. Softening in the US Dollar Index (100.85, -0.36, -0.36%) boosted dollar-denominated commodities. ten sectors finishing with gains. The energy (+2.2%), utilities (+1.1%), and technology (+1.1%) sectors ended in the lead while real estate (-0.2%), financials (+0.3%) and health care (+0.3%) rounded out the board. TSN -14.5% on weaker-than-expected quarterly results and disappointing full-year 2017 earnings guidance. Volume were below average with 842mil shares. US After Hours SBLK +8.1%, ENTA +3.1%, SINA +1.5%, PANW -12.5%, DY -11%, PNNT -10.3%, BECN -7.7%, VIPS -7%, GLBS -4.4%, JACK -3.4%, WB -1.8%. In Asia, Yuan fix set firmer for the first time in 13 days. Magnitude 7.3 earthquake reported in Japan; Initial warnings called for 3m tsunami; Subsequently, tsunami waves were much smaller and damage to property was minimal. PM Abe: Global economy faced with large downside risks; TPP is meaningless without participation of US, no point to implement. BOJ Gov Kuroda: Reiterates CPI to meet 2% target around FY18; Too early to discuss exit strategy or ways to shrink BOJ balance sheet; No sharp decline in liquidity of bond markets; New policy stance (yield control) is more sustainable.
Nikkei +0.31% Hang Seng +1.34% CSI +0.62% Shanghai +0.79%
Eur$ 1.0617 CNH 6.9146 CNY 6.8909 JPY 111.02 GBP 1.2485 CHF 1.0102 RUB 63.6389 WTI 48.72 +1.02%
S&P +0.36% EuroStoxx +0.92% FTSE +0.71% DAX +0.76% SMI +0.36%
Macro :
Asian Stocks Rise for Second Day as Commodities Rally With Won
Fed Hike Is Certainty for Bond Traders as Market Odds Reach 100%
Chinese-Made $100 Billion City Near Singapore 'Scares Everybody'
Keep an eye on :
- AIR FP : Iran Says Can’t Afford Cash Payment for Airbus Planes: ILNA
- BAYN GY : Bayer CEO Tells Bild Monsanto Takeover Going According to Plan
- CSGN VX : Credit Suisse Said to Face Tax Probe Over Undeclared Accounts
- DIS US : Disney Falls Amid WSJ Report of Amazon Mulling Sports Package
- EDF FP : Ibereolica, EDF Closed Chile Wind Farm Financing: Reuters
- ENEL IM : Enel Plans to Dispose of EU3b of Assets, Streamline Structure
- ENGI FP : Engie to Offer Gas, Electricity to UK Households: Les Echos
- EI FP : Essilor Cuts 2016 Targets, Citing Slowdown in U.S. Market
- LUPE SS : Lundin Petroleum Raised to Overweight at Barclays
- AM FP : Natixis AM Always Looking at Acquisition Opportunities: Echos
- NOVOb DC : Novo Nordisk Gets FDA Approval for Xultophy in Type 2 Diabetes
- RDSA NA : Shell May Looks to Expand Quest CCS Project in Alberta
- SAN FP : Sanofi/Zealand Diabetes Combo Treatment Wins FDA Approval
- TEF SM : Telefonica Deutschland CEO Thorsten Dirks to Leave in 2017
- VONN SW : Vontobel Family Revamps, Extends Shareholder Pool; Holds 50.7%
- VOW3 GY : Audi’s China Dealers Said to Seek to Block SAIC Motor Deal: WSJ
- ZC FP : Zodiac Full-Year Net Misses Estimates, Hurt by Cost Overruns