Dow+0.96% S&P+0.88% Nasdaq+0.65% Russell+0.88%
US Market closed higher, returned above its 100d MA. Volume were light at 850mil shares. Energy +1.2% with Crude trading 1% higher, Commo +1%, materials+1.2%. Tech underperformed (-0.7%)m with AAPL lower. US After Hours NKE +1.4%, BBBY-6% MU -5.9%, CAMP -3.8% following earnings/guidance, GALE -6.1% on subpoena, CELG+7.1% on settlement of litigation. Broader Asian markets noticeably more positive, following the stronger lead from US data. Oil prices saw buying, with WTI rising above Brent, the first time since a short period in Nov 2014. Excluding Nov 2014 WTI has traded at a discount to Brent since 2010. Volume remained light in the region with Japan closed for holiday and several markets to be closed later in the week. 3 IPOS in Shenzhen rose to their limits, trading well above initial IPO pricing. China continues to draw attention to plans to accelerate IPOs in 2016. Miners in Australia (BHP, +3.5%; RIO +4.9%) were supported by firmer iron ore prices.China NDRC Chairman Xu Shaoshi in an interview noted that China may face more severe economic situation next year. China is facing relatively large downward pressures including Fed rate hike and a fragile economic recovery.
Nikkei Closed Hang Seng+1.05% Shanghai +0.11%
Eur$ 1.0939 CNY 6.4767 JPY 120.91 GBP 1.4852 CHF 0.9888 RUB$ 71.1532 WTI $36.48
S&P-0.14% EuroStoxx +0.94% Dax +0.99% SMI +0.70%
Macro :
- Extreme Oil Bears Bet on $25, $20 and Even $15 a Barrel in 2016
- China’s Earliest Economic Indicators Show Signs of Stabilization
- U.S. Proposes 256% Tax on Some China Steel Imports, Nucor Says
- Pentagon to Finish Proposal for Merger Rules in Weeks: Reuters
- Germany to Take Action Against Booking Companies: Sueddeutsche (CTRP US, PCLN US, EXPE US, TRIP US)
- Foursquare Said to Have Talked With Potential Buyers: Re/code
Keep an eye on :
- ABG SM : Abengoa Creditors Agree on Terms for EU106m Loan
- AZN LN : AstraZeneca Gout Treatment Zurampic Wins FDA Approval
- BNP FP : BNP’s Italian Unit Sells Milan Headquarters to Qatar Investment
- ALCAR FP : Carmat Says 3rd Patient Implanted W/ Carmat Prosthesis Has Died
- DL NA : Delta Lloyd Sells Last Remains of Commercial Property Portfolio
- DTE GY : Dems Urge Germany to Probe T-Mobile’s Labor Practices: The Hill
- TMUS US : YouTube Says T-Mobile Interfering With Its Video Traffic: WSJ
- DIS US : Disney Said to Be in Talks to Exit Univision JV Fusion: FT
- HEN3 GY : Brazil Approval for Coty Deal Challenged by Henkel: Reuters
- NKE US : Nike Sees 3Q Sales Up as Much as Low Double Digit Percentage
- PAH3 GY : Porsche to Spend EU1b on Electric-Car Plant: Stuttgarter Z.
- PNL NA : PostNL to Start Paying Funding Obligation to PostNL Pension Fund
- SAN FP : Sanofi Submits New Drug Application With FDA for Insulin Mix
- SHP LN : Shire Said to Make New Baxalta Offer, Reuters Says
- SHP LN : Baxalta Eyes Alternatives to Takeover by Shire: FT
- GLE FP : Societe Generale Discloses Prudential Capital Requirements
- SREN VX : Swiss Re CEO Sees ‘Golden Days’ Ahead, Says Buffett ‘Wrong’: HB
- FR FP : Valeo Agrees to Buy Spheros From Deutsche Beteiligungs AG