US Market Closed higher, Investors looking for Equities exposure, favoured Big Caps...Healthcare was weak after Gilead Hepatitis C News... energy sector traded in negative territory throughout the day, pressured by a renewed drop in oil and natural gas prices. WTI crude futures dipped 3.3% to $55.27/bbl while natural gas futures, hit with forecasts for warmer winter temperatures ahead in the northeast, plunged 8.2% to $3.18/btu...Commodities in general were weak on Monday with a stronger dollar pressuring some of the action. To that end, gold futures slipped 2.0% to $1172.60/troy ounce; meanwhile, copper futures fell 0.4% to $2.87/lb...Volume were lighter but still decent for this time of the year @ 772mil shares...VIX @ 15.25 -7.52%...US After Hours VNDA +19% on Fanapt News...Despite new highs in the US indices, Asia indices are trading with a more subdued tone. Materials in Australia and Shanghai are leading the decliners, even though mainland financials remain bid... In Chinese press, a researcher with the PBoC called for the govt to support further easing of policy via a RRR cut. Separately, a PBoC survey showed 91.5% of bankers expecting monetary policy to be "moderate" or "somewhat loose" in next quarter, higher from 86.6% this quarter. A Conference Report on China for the month of November rose 0.9%, but resident economist noted that real estate activity continues to deteriorate, and manufacturing and industrial output both showed significant weaknesses in November as well. Also of note, PBoC decided not to inject liquidity via repos despite the rising short-term demand for funds. Shanghai Composite fell nearly 3% in the opening hour before paring much of those losses going into the afternoon break...Nikkei+0.08% Hang Seng -0.06% Shanghai -1.29%
RUB $55.25 RUB €67.58 Crude WTI $55.69 Crude Brent $60.24
Eur$ 1.2232 S&P +0.11% EuroStoxx +0.38% Dax +0.35% SMI +0.40%
Macro :
- ECB's Hansson (Estonia): Sovereign bond purchases are 'borderline', and ECB must determine whether or not that would be considered illegal Govt financing
- Russia Adds to Gold Reserves in November as Ukraine Cuts: IMF
Keep an eye on :
- European Oil : S&P Takes Various Rating Actions on European Oil Majors
- ACS SM : ACS-Led Consortium Wins EU174m Galicia Project: Expansion
- AFR LN : Afren suitor SEPLAT advised by RBC and Citi on bid approach
- ALO FP : MORE: Alstom Paid $75m in Bribes to Secure $4b in Projects: DOJ, Alstom CEO ‘Deeply Regrets’ U.S. Bribery Problems
- PEL IM : Banca Etruria Plans to Reduce 410 Jobs in Cost Cutting Program
- BKIA SM : Bankia expect to pay cash dividend in 2015 - Cinco Dias
- BMPS IM : Monte Paschi Sells EU380m Bad Loan Portfolio to Fortress
- BMW GY : BMW to Replace Driver-Side Front Airbag on Certain Models
- BO DC : Bang & Olufsen Chairman Says Firm May Need Partners: Berlingske
- CA FP : Carrefour, Cora/Supermarches Match Sign a Purchasing Agreement
- CABK SM : CaixaBank faces EUR 3bn capital shortfall if ECB changes regulations
- CGL LN : Catlin Sale of Box Innovation May Bring Special Divided: UBS
- AFX GY : Carl Zeiss Signs Deal to Collaborate With Oraya: Reuters
- CBK GY : Commerzbank’s Eurohypo to Leave Bank Association: Handelsblatt
- CNP FP : CNP Assurances Sells 50% CNP BVP Stake to Barclays Bank
- DMM SM : Damm Gets Backing from 5 Banks for Bid to Delist: Expansion
- EO FP : Faurecia Fined EU2m by French Regulator Over 2012 Guidance
- GTO NA : Gemalto to Issue Up to 5% Capital Over 5 Years, CEO Piou Exercises Options, Buys 21,000 Shares: Filing
- MAERSKB DC : Maersk Reviews Oil Strategy as Price Falls, CEO Tells Politiken
- NOVN VX : Novartis Says Alcon Treatment Travatan Gets EU Approval
- NUO NA : Cargill Says It Is No Longer Pursuing Purchase of Nutreco-->, Nutreco Takes Note of Cargill Announcement
- PTC PL : Portugal Telecom SGPS Holds 39.73% of Oi: Regulatory Filing
- RNO FP : Russia Considers Changing Car Rebate Program in 2015: Vedomosti
- SCYR SM : Sacyr Creditors Set Interest Rates of as Much As 7.5%: Expansion
- HO FP : Thales Signs EU1.5b Credit Facility With 15 Banks
- UNA NA : P&G Reports Sale of Camay & Zest Brands to Unilever; No Terms