Dow-0.38% S&P-0.24% Nasdaq-0.70% Russell+0.30% VIX 12.12 (-0.8%)
US Market closed lower again today with Tech leading the move, AAPL -4.3% on earning, MSFT -3.7%, industrials (-0.5%) retreated with Dow component Caterpillar (CAT 79.76, -2.46) dropping 3.0% ahead of its earnings report. Meanwhile, another Dow member—Boeing (BA 146.47, +1.47)—advanced 1.0% after beating estimates and guiding in-line with analyst expectations. energy sector (-0.7%) ended among the laggards with (HAL 41.54, -0.32) acquisition of BHI is facing an antitrust probe. On a related note, crude oil settled lower by 3.2% at $49.25/bbl. financial sector (+0.7%) rallied into the afternoon while the consumer discretionary space (+0.4%) was boosted by a 7.7% surge in Chipotle after the company reported a one-cent beat on below-consensus revenue, health care (+0.2%), consumer staples (+0.2%), and utilities (+0.5%) ending ahead of the broader market while the telecom services sector (-1.0%) lagged. Volume was ahead of average @ 820mil shares...US After Hours SNDK +13%, CRUS +10.2%, TXN +1.8%, CVA -6.4%, AXP -2%, QCOM -2% following earnings/guidance...CI +6.9% (WSJ reporting that co is close to being acquired by Anthem (ANTM) for ~$187 per share improved from $184)...Asian equity markets are mixed even as the sentiment on Wall St was more cautious for the 2nd straight day. Shanghai Composite is leading the gainers, helped by reports that China Securities Finance Corp denied reducing its holdings in listed companies. Earlier, MIIT was also upbeat that China industrial sector will improve in H2. Chinese Academy of Social Sciences (CASS) saw Q3 GDP at 7.0% at Q4 GDP 7.1% - in line with latest remarks that H2 would at least maintain the pace of H1 growth...Japan merchandise trade remained in deficit despite expectations of a slight surplus, but underlying components were more promising. Specifically, exports posted their biggest rise in 5 months of 9.5%, while exports decline was lower than expected at -2.9% v -4.3%e. Exports to Asia, US, and Europe all rose double digits.Halliburton's (BHI 58.25, -2.39) tumbling 3.9% amid reports Baker Hughes
Nikkei +0.33% Hang Seng +0.64% Shanghai +2.07%
Eur$ 1.0935 JPY 124.06 GBP 1.5619 EURCHF 1.0492 RUB $57.48 WTI $49.23 (+0.10%)
S&P+0.21% EuroStoxx+0.58% DAX+0.58% SMI+0.71%
Macro :
- Short Sellers Target European Mining, Oils as Commodities Crash
- World Bank Boosts 2015 Forecast for Basket of Crudes to $57/Bbl
- Greek Government Has Votes to Approve Bailout Bill, Tally Shows
Keep an eye on :
- ABBN VX : ABB 2Q Sales, Net Beat Estimates; Orders Fall on Oil, China
- AREVA FP : Areva Expects to Finalize Job Cuts in September: AFP
- ZEX GY : Bosch Plans More Investment in North America: Boersen Zeitung
- CSGN VX : Credit Suisse 2Q Net Income Beats Estimates, CET1 10.3%
- DAI GY : Daimler 2Q Earnings Beat Est., FY Group Outlook Confirmed
- DSY FP : Dassault Systemes 2Q EPS Beats Ests, Lifts EPS 2015 Outlook, Raises Non-IFRS EPS, Sales Outlook
- DBK GY : Deutsche Bank May Exit From 6 Non-European Nations: Reuters
- DTE GY : Reportedly FCC to deny T-Mobile request to set aside more spectrum for small carriers in next auction
- GEC FP : Gecina 1H Recurring Net EU169m vs EU165.6m Y/y
- HEI GY : Heidelberg Top Bidder for Lafarge’s East India Units: Express
- ICA FP : Icade 1H Net Current Cash Flow EU1.95/Shr; Co. to Review Assets
- IHG LN : Intercontinental to Manage Grand Hotel in Bordeaux, Echos Says
- ITP FP : Interparfums Confirms Targets, Says 2H Will Be Better Than 1H
- IAM FP : Maroc Telecom 1H Net Income MAD2,827m Vs Mad3,073m Y/Y
- LOGN VX : Logitech 1Q Adj. EPS 16c, Est. 10c; On Course to Exit OEM
- NYR BB : Nyrstar 1H Adj. Ebitda Beats Ests.; Mines Impaired by EU418m
- PRS SM : Prisa 1H Net EU10.8m vs EU2.16b Loss Y/y
- PUB FP : Publicis 1H Rev. Matches Est.; Confirms 2H, CEO Seeks Good Level of Organic Growth This Year: Echos
- ROG VX : Roche 1H Core EPS Misses Ests., Sales Beat; Repeats 2015 Outlook
- SEB SS : SEB Lifts Targets, Says It’s Well Placed for External Growth
- SKAB SS : Skanska 2Q Operating Profit, Revenue Beat Est.
- SOW GY : Software AG 2Q Sales, Earnings Beat Ests.; Confirms 2015 Outlook
- STM FP : STMicro Sees 3Q Gross Margin Rising to 35%; 2Q Rev. Matches
- SYNN VX : Syngenta 1H Adj. EPS Beats Estimates; Confirms 2015 Outlook
- SYNN VX : Syngenta predicted to enter into talks with Monsanto as shareholders urge change - Deal Reporter
- UL FP : Unibail-Rodamco 1H Recurring EPS -2.7% Y/y; Raises 2015 Outlook
- WIN GY : Wincor Nixdorf 3Q Rev. Beats; Confirms FY15 Outlook