Dow+0,49% S&P+0,51% Nasdaq+0,42% Russell+0,10% VIX 12.71 (-4.08%)
US Market closed slightly higher, volume were above average @ 735mil. shares but still a very quite session, Visa & Mastercard traded higher on news that China will allow foreign card processors to compete with UnionPay. energy sector finished among the leaders even though crude oil fell 0.6% to $56.28/bbl. US After Hours AFOP +6.9%, EBAY +6.1%, CAKE +5.6%, MOBL -29.0%, TXN -6.5%, LVS -4.2%, FB -2.1% following earnings/guidance...ARRS +24.5% on Takeover news of Pace...NCR +2.3% on WSJ article on strategic options...MOBL -29% on CFO resignation...Leading manufacturing indicators for the Far East bode a difficult start for Q2, as both advance PMIs for China and Japan showed significant deterioration. In China, flash manufacturing PMI remained in contraction for the 4th straight month and also marked a 1-year low at 49.2. New orders and both input and output prices decreased at a faster rate, signalling poor domestic demand and disinflationary pressures. On the bright side, employment continued to decrease but at a slower rate and export orders increased. Morning session was volatile, with more signs of hot money flowing into the stock market...Japan data was similarly troublesome, as manufacturing PMI fell into contraction for the first time in 11 months. New orders fell for the 2nd month, and Markit economist remarked the data signal worsening operating conditions. BOJ Gov Kuroda commentary offered little new, reiterating the economy is in gradual recover. Even though Kuroda said core CPI is at 0%, he still saw 2% inflation within reach.
Nikkei +0.11% Hang Seng +0.47% Shanghai +0.55%
Eur$ 1.0708 RUB $52.2816 CHFEUR 0.9631 GBPEUR 1.4037 GBP 1.5029 CHF 0.9697 WTI $56.29 (+0.23%)
S&P -0.05% EuroStoxx +0.38% Dax +0.46% SMI +0.77%
Macro :
- EU Plans to Double Southern Border Control Funding, WSJ Says
- HSBC China April Flash Manufacturing PMI 49.2; Est. 49.6
- Kepler Says Expect the Unexpected in M&A; Lists Takeover Targets (Pop. Emilia, Pop. Milano, IKB, Monte Paschi, Clariant, DSM, Lanxess, Hochtief, Lindt, Parmalat, S&T, DIC Asset, AMS, Suss Microtec, Alerion)
Keep an eye on :
- AARCAD NA : Arcadis Confirms 2015 Outlook, Says Hyder Integration on Track
- BAYN GY : Bayer, Syngenta Pesticides Harming Bees, Study Says: FT
- BIM FP : BioMerieux Says 1Q Organic Sales Growth Exceeded Annual Target
- BP/ LN : BP Discovers New Gas Reserves Off Alexandria, Ahram Gate Reports
- GBF GY : Bilfinger Cuts FY Outlook; Sees ‘Significant’ Ebita Decline
- CABK SM : CaixaBank 1Q Net EU375M, Compares With EU364.9M Estimate
- CLN VX : Clariant does not have scale to resist approaches for long – bankers - Deal Reporter
- CLN VX : Clariant Chemicals Falls After Board Approves Share Buyback
- DAI GY : China Fines Mercedes-Benz 350m Yuan for Price Monopoly: Xinhua
- DSY FP : Dassault Systemes 1Q Non-IFRS Rev. Beats; Adjusts Outlook
- DBK GY : Deutsche Bank Said to Pay $2.14b to Resolve Libor Probes
- EDP PL : EDP 1Q Total Generation Output Falls 9% Y/y
- ENI IM : Eni Cut to A- From A by S&P, Outlook Stable
- ERICB SS : Ericsson 1Q Gross Margin Misses Est., Ericsson Networks Unit Profitability Declines in 1Q
- HSBA LN : HSBC’s CEO, Chair Said to Want to Stay Until End of 2017: FT
- LOGN VX : Logitech 4Q Sales $467m, Up 1% in Constant Currency
- LHA GY : Lufthansa Said to Ponder DAX Exit Risks: Handelsblatt
- MELE BB : Melexis 1Q EPS EU0.67; Est. EU0.59; Raises FY Rev. Forecast
- ML FP : Michelin 1Q Sales Beat Est.; FY Outlook Confirmed, Plans Buyback
- MOBB BB : Mobistar 1Q Adj. Ebitda Beats; Service Rev., Postpaid Adds Miss
- NOK1V FH : Nokia Said to Target Apple, Alibaba, Amazon in Maps-Unit Sale
- NSG NO : Norske Skog Posts Unexpected 1Q Net Profit After Bond Exchange
- GND FP : Norbert Dentressangle 1Q Rev. EU1.3b vs Est. EU1.36b (2 Ests.)
- NOVN VX : Novartis 1Q Diovan Sales Beat Ests. Despite Generics
- NOVN VX : Novartis CEO Says Looking for Bolt-on Acquisitions of $2B-$5B
- RI FP : Pernod 3Q Organic Sales Up 7%, Confirms FY Outlook
- RNO FP : Renault Raised to Investment Grade by S&P
- SEB SS : SEB 1Q Operating Profit Beats Est.; Loan Losses Lower
- SIE GY : Siemens Sees No Change to Summer ’15 Closing of DRC Deal
- SIOE BB : Sioen 1Q Revenue Rises 5.5% to EU86 Mln vs EU81.5 Mln
- SIP BB : Sipef 1Q Own Palm Oil Output 48.6K Metric Tons; Est. 49.2K MT
- TEC FP : Technip 1Q Adj. Ebitda EU243.7m vs Est. EU272.1m; Margin 8.5%, ‘Remains Cautious’ About 2015, CFO
- TCH FP : Technicolor Says 1Q Performance Strong, Confirms 2015 Goals
- VIE FP : Veolia to Get Double-Voting Rights Following Shareholder Vote
- VOLVB SS : Volvo Raised to Buy From Sell at SocGen on Multiple Catalysts
- WRT1V FH : Wartsila 1Q Net, EPS Meet Ests.; Says Services Were 1Q Highlight
- ZO1 GY : Zooplus 1Q Total Sales Rises 34%; Raises 2015 Total Sales Goal