Dow -0.03% S&P +0.19% Nasdaq +0.48% Russell -0.07%
US Market closed near the flat line with S&P and Nasdaq outperforming Dow & Russell. Most sectors looked to the financial sector for leadership on Wednesday. Big tech names outperformed and PHLX outperformed also. all but the financials (-0.2%), telecom services (-1.0%), consumer staples (-0.1%), and energy (-0.1%) sectors joined the technology group in positive territory. WTI closed 0.5% lower at $48.05/bbl. NKE closed +0.1% after better earnings but disap. futures orders. US After Hours BEBE +17%, FIVE +8%, PVH +7%, MLHR +5% higher following earnings, PENN +4% on S&P600 addition news, CPB +1% on buyback news... DX -7% on dividend cut. Asian equities have come off overnight lows as the selling in US stocks subsided, however the focus for sentiment remains primarily on the fate of the US healthcare legislation in the House vote this evening. In late US hours on Wednesday, press reports suggest that the White House is considering last-minute concessions to the right wing of the party, namely reducing some of the "essential benefit" requirements of Obamacare, though it is unclear whether that would dissuade some of the more moderate lawmakers from supporting the bill. In FX, USD majors traded rangebound as selling in the greenback subsided during US hours. USD/JPY rose nearly 80pips from US session lows to 111.50, while EUR/USD spent much of the day in 1.0780-0820 range. GBP/USD was volatile in early US hours amid reports of a terror attack in London that claimed the lives of 5 people, falling to low 1.2420s before returning toward 1.25 handle.
Nikkei +0.23% Hang Seng +0.01% CSI -0.10% Shanghai -0.35%
Eur$ 1.0794 CNY 6.8873 CNH 6.8699 JPY 111.34 GBP 1.2488 RUB$ 57.72 WTI$ 48. +0.77%
S&P +0.18% EuroStoxx +0.12% Dax +0.19% FTSE+0.02% SMI +0.23%
Macro :
- EU Officials Warn U.K. Might Walk Out of Brexit Talks Early
- Macron 26%, Le Pen 25% in 1st Round, Harris Poll Shows
- U.S. Individual Investor Bears Fall to 6-Week Low: AAII
Keep an eye on :
- AKZA NA : PPG CEO to Meet Press in Netherlands to Discuss Akzo Proposal
- AKZA NA : Billionaire Singer Reports Akzo Holdings of 3.25%: AFM Filing
- ATC NA : Altice Refinances Portion of Existing Debt, Cuts Interest Costs
- ARAMCO IPO : Working with Saudi Arabia to push ahead energy cooperation
- BALN VX : Baloise 2016 Net Up 4.4%; Raises Dividend; Starts Share Buyback
- BARC LN : U.K. FCA Said to Relaunch Probe Into Barclays’ Cash Call: FT
- BAS GY : FMC Up After Reuters Says BASF Could Revisit Interest in FMC
- BAS GY : Wendel’s Stahl Agrees to Buy BASF’s Leather Chemicals Business
- BFIT NA : Basic-Fit Full-Year Revenue Grows 28% to EU259M
- BVS LN : Reject 814p bid from Redrow & 886p from Galiford - after Rdrow numbers could see new attempt
- CO FP : Wal-Mart Steps Up Chilean Business, Despite a tough economy, the retailer is poised to expand. (WWD)
- CWC GY : Cewe Stiftung Sees FY Ebit EU45m To EU51m
- ENGI FP : French Utility Engie Starting Energy Marketing Team in Houston
- FUM1V FH : Fortum Targets ‘Sizeable’ M&A This Year, CEO Tells Reuters
- GIVN VX : Givaudan Says Fabbri to Leave Executive Committee as of June 30
- GSK LN : Glaxo, Regeneron, Biobank Plan Largest Gene-Sequencing Program
- GOOGL US : Google’s YouTube problem continues: Now AT&T, Verizon and Enterprise are pulling some of their ads
- HBH GY : Hornbach Holding FY2016/2017 Sales EU3.94b, Up 4.9%
- IBAB BB : Ion Beam Applications Sees 2017 Adj. Ebit Margin 11%-12%
- DEC FP : Le Parisien: Paris : JCDecaux mal parti pour conserver ses Vélib'
- LEON SW : Helvetia Isn’t Interested in Raiffeisen’s Leonteq Stake: HZ
- MC FP : LVMH, De Beers Partnership Splinters, The much-touted partnership has ended quietly in divorce. (WWD)
- NOVN VX : Novartis’s Alcon Gets FDA Approval For New Toric Lens
- NOVOB DC : Novo A/S Targets U.S. Firms to Expand in Life Sciences: Borsen --> GBT US ??
- ONTEX BB : Ontex Sells 7,486,110 New Shares at EU29.50/Share in Placement
- RBI AV : Helvetia Isn’t Interested in Raiffeisen’s Leonteq Stake: HZ
- RAA GY : Rational Sees 2017 Ebit Margin Closer to Lower End of L-T Range, Sees 2017 Ebit Margin Near Lower End of Range
- SAZ GY : Stada Shareholders Sent Management Protest Letters: Man. Magazin
- STL NO : Statoil Awarded 13 Leases in U.S. Gulf of Mexico
- UBER IPO : Uber Judge Won’t Let San Francisco Driver Suit Go to Trial Yet
- UTDI GY : United Internet FY Sales EU3.95b, Est. EU3.97b
- MF FP : Wendel Posts FY Net Loss, Will Resume Share Buyback Program
- MF FP : Wendel’s Stahl Agrees to Buy BASF’s Leather Chemicals Business