Dow -012% S&P -0.19% Nasdaq -0.44% Russell -0.90%
US Market closed lower again today but still in lower volume than on up move *&%mil shares). Retail was under pressure with XRT -3.5% after BBBY. Three other large sectors like financials (-0.3%), technology (-0.3%), and industrials (-0.2%) also spent the day in negative territory. Only one cyclical sector—energy (+0.5%)—ended in the green, taking a lead from crude oil, which climbed 0.8% to $52.97/bbl. The commodity-sensitive sector will enter Friday with a 0.1% decline for the week. The countercyclical side had a better showing as telecom services (+1.0%), utilities (+0.3%), and health care (+0.1%) registered gains while consumer staples (-0.1%) and real estate (-0.1%) recorded slim losses.US After Hours (DPRX) +66% on reverse merger, Lockheed Martin (LMT) -2% on Donald Trump tweet. Thin trade ahead of the Christmas holiday and shortened trading sessions in several markets left little to break the malaise in the Asia region. Taking a cue from Wall St. markets had little to get excited about with the Dow failing to reach the pivotal 20,000 level and the first two days of losses recorded in 6-weeks. Macro news was limited, though the Singapore dollar saw some strength ahead of its CPI data testing 1.4427. Italy's Govt approved €20B plan to support Monte dei Paschi and the banking system. China leaders said to aim for growth of ~6.5% in 2017 v 6.5-7.0% target for 2016.
Nikkei -0.09% Hang Seng - CSI -0.77% Shanghai -0.84%
Eur$ 1.0444 CNH 6.9450 CNY 6.9499 GBP 1.2288 CHF 1.0254 RUB 60.9771 WTI$ 52.66 -0.55%
S&P +0.01% EuroStoxx +0.18% FTSE +0.06% Dax +0.12% SMI +0.11%
Macro :
- S&P to Climb to 2,350 in ’17, Weeden Says; Sees More Volatility
- Italy Approves EU20b Fund, Liquidity Measures to Support Banks
Keep an eye on :
- AF FP : Air France-KLM Sells Amadeus IT Group Shares
- AAL LN : Anglo American Said to Dial Back Plan to Sell 2/3 of Mines: WSJ
- AMS SM : Amadeus Raises Offer for i:FAO to EU30/Share
- BARC LN : Barclays Intends to Seek Dismissal of DoJ Claims
- BMPS IM : Monte Paschi Says Failed to Raise Sufficient Funds on Market
- BEFB BB : Befimmo Finalizes Acquisition of Gateway Project in Brussels
- BNP FP : BNP Italy Unit BNL Reaches Accord With Unions on Job Reductions
- BPOST BB : GLG Partners Accumulates 0.50% Short Position in Bpost
- CSGN VX : Credit Suisse Agrees to Pay $5.3 Billion in U.S. Mortgage Accord
- DBK GY : Deutsche Bank Agrees to Pay $3.1b Civil Penalty With DoJ
- DBK GY : Deutsche Bank Sees Charge of $1.17b in 4Q Related to DoJ Penalty
- DB1 GY : Deutsche Boerse Mulls VW-Like Stakeholding for Hesse, FAZ Says
- DL NA : NN Group Agrees to Buy Delta Lloyd For EU2.5b
- DGE LN : Diageo Says Minority Union Unite Rejected Pension Proposal
- GOOGL US : Google to Introduce Two Flagship Smartwatches Next Year: Verge
- IAG LN : British Airways Cabin Crew Strike Suspended, Union Says: PA
- LUX IM : Luxottica Group, Ralph Lauren Renew Eyewear License Agreement
- MS IM : Vivendi Says Holds 28.8% of Mediaset as of Dec. 22
- NN NA : NN Sees EU150m Cost Synergies by 2020 From Delta Lloyd Takeover
- NOKIA FH : Nokia Expands Patent Litigation Vs Apple in Asia, Europe, U.S.
- NOVN VX : Novartis’s Alcon Gets FDA Approval for Acrysof IQ ReSTOR Lens
- SAB SM : Sabadell to Close 250 Branches, Cut Staff, Expansion Reports
- SAN FP : Sanofi Sues Watson, Alvogen Over Patents for Ms Pill Aubagio
- UCG IM : UniCredit Selects Bookrunners for Up to EU13b Rights Issue
- VIV FP : Vivendi Says Holds 28.8% of Mediaset as of Dec. 22
- VOW3 GY : VW Agrees to Settlement Terms for Diesel Audi, Porsche Owners
- VOW3 GY : Audi to Set Aside High 3-Digit Sum in 4Q for Diesel Scandal: HB
- VOW3 GY : EU Wants More Compensation for VW European Customers: Welt