Dow +0.43% S&P +0.52% Nasdaq +0.82% Russell +0.72%
Market continue to closed higher and recovered almost last week wed. loss. Ten of eleven sectors settled in positive territory on Monday with the technology (+1.0%) and utilities (+0.9%) spaces leading the charge. The technology group was underpinned by large-cap names likeMicrosoft (MSFT 68.45, +0.76), Alphabet (GOOGL 964.07, +9.42), and Qualcomm (QCOM 59.28, +1.61) with QCOM showing relative strength (+2.8%) after the company's stock was upgraded to 'Overweight' from 'Neutral' at JP. energy sector (-0.2%) settled in negative territory despite crude oil's positive performance. Crude 0.9% to $51.14/bbl . U.S. dollar lost 0.3% against the euro (1.1240) after German Chancellor Angela Merkel said the single currency is too weak. US After Hours A +5% and TEDU -3% following earnings, KOS / MB / CWH / H among names trading low following offerings, TTWO -8% on Red Dead Redemption 2 delay. Asia indices trading mixed and US/Europe futures are slightly lower amid geopolitical concerns in UK and US. An explosion at a concert stadium in Manchester arena left 19 people killed and over 50 injured. Stateside, Washington Post reported that Pres Trump may have made requests back in March that Director of National Intelligence Coats and NSA director Rogers formally deny links between the Trump campaign and Russia. Report goes on to say that Rogers documented this contact in an internal memo which may be available to the special counsel and congressional investigators.White House summary documents disclosed the outline of Trump's budget proposal seeking $3.6T in cuts over the next 10 years. Military spending benefits at the expense of social program cuts targeting food stamps and Medicaid. The budget also outlines fairly rosy forward growth projections, with 2018 GDP seen at 2.4%, 2019 at 2.7% and 2021-and-beyond growth at 3% or more. Japan flash May manufacturing PMI expanded for 9th straight month but also registered a 6-month low.
Nikkei -0.32% Hang Seng +0.20% CSI +0.06% Shanghai -0.45%
Eur$ 1.1245 CNH 6.8797 CNY 6.8904 JPY 111 GBP 1.2987 CHF 0.9728 RUB 56.5928 WTI$ 50.88 -0.49%
S&P -0.11% EuroStoxx -0.20% FTSE +0.05% Dax -0.18% SMI -0.22%
Macro :
- MSCI to Announce Decision on China A-Share Inclusion June 20
- JPMorgan Upgrades Russian Stocks to Overweight on Oil Rally
- Stocks Have Upside as Value Is a Subjective Measure: Macro View
- Symantec Says N. Korea Likely Behind Ransomware Attacks: Reuters
- U.K. Says 19 Dead in Manchester After Possible Terror Attack
- Swiss Watch Exports Fall 5.7% in April, Customs Office Says
Keep an eye on :
- AZA IM : Intesa Won’t Become Shareholder in ’New’ Alitalia, CEO Tells BZ
- CLN VX : Clariant CEO Kottman Says China Key for Development: T-A
- EMAK IM : Emak Shares Priced at EU1.71 Each in Placement
- ENX FP : Euronext to Buy FastMatch for Initial $153m
- FRA GY : Lufthansa’s Spohr Says Fraport Plan Poses Business Problem: BZ
- GN DC : GN Store Nord to Issue EU215m Zero Coupon Convertible Bond
- JE/ LN : STM Fidecs Trust to Sell About 17m Shares in Just Eat: Terms
- LI FP : Klepierre Buys Shopping Mall in Spain’s Murcia for EU233m Value
- NRS NO : Norway Royal Salmon 1Q Operating Ebit Beats Highest Est.
- CFR VX : Swiss Watch Exports Fall 5.7% in April, Customs Office Says
- ROG VX : Roche Gets FDA Approval for Actemra/Roactemra
- RDSA NA : ISS: Investors Should Reject Proposal for Shell Emission Targets
- SEV FP : Suez Raises EU750m in Capital Increase to Help Finance GE Water
- UHR VX : Swiss Watch Exports Fall 5.7% in April, Customs Office Says
- VIV FP : Vivendi CEO Says Could Float Stake in Universal Music: WSJ
- VOW3 GY : Volkswagen to Invest EU10b on Improving Combustion Engines