Dow +0.54% S&P +0.65% Nasdaq +0.84% Russell +1.48%
US Market closed higher. The FOMC lowered its median projections for the fed funds rate to 0.6% for 2016, 1.1% for 2017, and 1.9% for 2018. The implied probability of a rate hike at the December meeting registers at 58.4% after beginning the week at 55.0%. The broader market finished in the upper end of today's trading range as all eleven sectors settled in the green. The heavily-weighted industrial (+0.8%), consumer discretionary (+0.8%), and health care (+0.8%) sectors finished behind consumer staples (+0.9%), telecom services (+1.1%), and real estate (+1.9%). On the flipside, the financial sector (+0.3%) rounded out the leaderboard. Volume were below average with 833mil shares. US After Hours MIFI +32.8% on sale of broadband business, restructuring; IMPV +14% on report of acquisition interest; TWTR -2% on downgrade, FB -1.5% after having overestimated video metric for 2y(WSJ). Nikkei returns from holiday with a down day amid catch-up to Yen bid on BOJ policy change, Japan PMI surprises to the upside with first expansion in 7 months; Output up for 2nd month and Employment rises to 4-month highs. Oil pares gains on diminished prospects of Algiers agreement for any supply shift.
Nikkei -0.27% Hang Seng -0.10% CSI -0.39% Shanghai -0.18%
Eur$ 1.1197 CNH 6.6757 CNY 6.6699 JPY 100.92 GBP 1.3046 CHF 0.9701 RUB$ 63.8775 WTI$ 45.80 (-1.12%)
S&P -0.03% EuroStoxx -0.13% FTSE -0.10% Dax +0.05% SMI -0.10%
Macro :
- Airbnb Raises $850m at $30b Valuation: CNBC, Citing Dow Jones
- Renzi Says Referendum May Take Place on Nov 27 Or Dec 4: Ansa
- S&P 500 Doesn’t Have Much Short-Term Upside: JPM’s Kolanovic
- Germany’s Schaeuble Plans to Phase Out Solidarity Tax: WiWo
Keep an eye on :
- AIR FP : Airbus Sees Next 15 Years as ‘Era of Great Opportunity’: Leahy
- AMUN FP : Amundi makes most attractive offer for Pioneer
- CABK SM : CaixaBank to Sell Shares at EU2.24/Shr, Confidencial Reports
- CBK GY : Commerzbank to Cut Business Units From 4 to 3: Boersen Zeitung
- DBK GY : Deutsche Bank Woes Said to Spark Concern Among German Lawmakers
- DB1 GY : CBOE Holdings Said in Talks to Buy Exchange Operator Bats Global
- DTE GY : Deutsche Telekom Reorganizes Managing Board in Germany
- EDF FP : EDF’s Enedis Needs EU3b for 2017-20 Investments, Figaro Says
- RF FP : Eurazeo Sells 6% of Moncler at EU15.34 a Share
- FINGB SS : Fingerprint Cards sees its shares rise on the back of Chinese takeover offer
- MONC IM : Eurazeo Unit to Sell 15m Shares of Moncler S.p.A. ,Shares to Be Priced at EU15.34 in Placing, Terms Show
- NOVN VX : Novartis Reports Positive Top Line Results in Zykadia Trial
- UG FP : Peugeot Responding to Partnership Approach From Proton: Reuters
- POLY LN : *FODINA, STAROAK SELL 13M SHARES EACH IN POLYMETAL AT 975P/SHR
- RB/ LN : Reckitt, Indivior Face Antitrust Lawsuit From Pennsylvania AG
- RWE GY : Innogy Shares to be Sold as High as 36 Euros Per Share, RWE Says
- SAF FP : Advent Said to Lead Bids for Morpho With $2.7 Billion Offer
- SAN FP : Sanofi Says Dengue Vaccine Use Expanding, Read-Through to Zika
- TRI FP : Trigano FY Rev. Rises to EU1.32b; Sees Further Growth This Year
- UCG IM : UniCredit Dilution Priced In, Added to Conviction Buy at Goldman
- VALENTINO IPO : Valentino looks at 2017 listing on Italian Stock Exchange, Valentino closed 2015 with revenues of EUR 1bn and an EBITDA of EUR 87.5m. The report said that the results should show a slight increase in 2016.
- VIE FP : Caisse des Depots to Sell 22.5m Shares of Veolia Environnement
- VIV FP : Vivendi looks to make new proposal for Mediaset Premium by 27 September
- VOW3 GY : Lower Saxony’s Weil Expects VW Scandal to Drag On: Handelsblatt