US Market Closed mixed with S&P and Nasdaq slightly higher abd Dow lower, Healthcare spend most of the session leading the move on good numbers, Apple move (+2.61%) helped the tech sector even if AAPL quided Q4 lower, Energy (+0.6%) and materials (+0.4%) finished ahead of the broader market, while financials (+0.2%) kept pace with the S&P 500. The remaining two growth-sensitive sectors—consumer discretionary (-0.1%) and industrials (-0.4%)—could not make it into the green...weakest sector was Industrials after Boeing numbers (-2.3%)...volume were below average @ 570mil shares...VIX @ 11.52 -5.88%...US After Hours : SKX +8.9%, FTNT +8.2%, FB +5.1%, ANGI -17.5%, TRIP -11.4%, T -1.3% following earnings/guidance...China HSBC flash Manufacturing PMI hit an 18-month high of 52.0, well above 51.0 consensus, New Orders and Input Prices increased at a faster rate, while Employment decrease was slower...South Korea Ministry of Strategy and Finance released its biannual economic policy report, unveiling a KRW41T stimulus package in fiscal spending and financing. South Korea also lowered its 2014 GDP target to 3.7% from 4.1% as part of the announcement. Note that this follows Q2 prelim GDP of 3.6%, missing estimates of 3.7%....Economic data out of Japan remains worrisome. June merch trade deficit was wider than forecasted, and exports fell for the 2nd consecutive month against estimates
Nikkei -0.42% Hang Seng +0.50% Shanghai +1.13%
Eur$ 1.3460 S&P -0.10% EuroStoxx -0.125% FTSE -0.07% Dax -0.05% SMI +0.03%
Macro
- World’s Biggest Wealth Fund Reviews $8 Billion Russian Holdings
- HSBC China July Flash Manufacturing PMI 52; Est 51
Keep an eye on :
- ANA SM : Acciona May Bid for Leighton’s John Holland Unit: Australian
- ASMI NA : ASM International 2Q Rev., Adj. Net Beat Ests.
- BAS GY : BASF 2Q Ebit Ex-Items EU2.05b, Est. EU2.09b; Confirms Outlook in challenging environment
- BMW GY : 1114 HK +2.3%
- COM GY : Comdirect Expects 2014 Pretax Profit at 75 Million Euros
- DSY FP : Dassault Systemes 2Q EPS Rises, Confirms 2014 Outlook, 2Q Non-IFRS Sales Beat Own Target
- EDEN FP : Edenred 1H Ebit Misses Ests., Confirms Organic Growth Targets
- EURN BB : Euronav Posts 2Q Loss of $22.6m on Slump in Supertanker Rates
- F IM : Fiat Chrysler investors advised to vote against merger {http://reut.rs/1z5Pg3E}
- FDR FP : Fonciere Des Regions 1H Net EU51.7 Mln Vs EU205 Mln
- ICAD FP : Icade 1H Net EU5.6m vs EU44.7m Y/y
- IPS FP : Ipsos 1H Net EU10.1m Vs Loss EU60.2m Y/y
- ITP FP : Interparfums 2Q Sales Drop, Reiterates 2014 Sales Target
- KRN GY : Krones 2Q Results Beat Estimates, Confirms 2014 Forecast
- LOGN VX : Logitech Raises FY15 Op. Income Outlook to $170m; Affirms Sales
- LONN VX : Lonza 1H Sales In Line, Ebit Ahead, Reiterates FY Outlook
- TL5 SM : Mediaset Espana 1H Net EU21.4M Vs EU30.1M a Year Earlier
- MOBB BB : Mobistar 2Q Revenue In Line, Profit Beats; Sticks to Outlook
- NOK1V FH : Nokia 2Q Profit Beats, Boosts Networks
- NUO NA : Nutreco 1H Rev. Beats Ests., to Start EU100m Buyback Program
- PRADA (1913 HK) : Prada Cut at Goldman as Growth ‘No Longer Standout’; Shrs Fall (-1.4%)
- RECSOL NA : REC Solar 2Q Ebitda Climbs on High European Sales, Softer Japan
- ROG VX : Roche 1H Core Oper. Profit, EPS Beat Ests.; Keeps FY Forecast, 1H Diag. Rev. Up Y/y; Expects to Increase Div.
- ROG VX : Roche Says Too Early to Say Whether Crenezumab Will Go Forward
- SGL GY : SGL Increases Volume of Cost Cuts to About EU200m: Handelsblatt
- SIE GY : Siemens Paid SNCB 1.7 Million-Euro Penalty in 2013, L’Echo Says
- SOW GY : Software AG Reiterates Preliminary 2Q Numbers, 2014 Outlook
- TEC FP : Technip 2Q Net EU158m Beats Est. EU154m; Raises 2014-15 Outlook,CEO Says Existing Russia Sanctions Not Hindering Yamal
- TIT IM : Telecom Italia CEO Vows to Increase Investments in Brazil
- TKA AV : Telekom Austria Nominates America Movil CFO to Board
- TOM2 NA : TomTom 2Q Net Rises 13%; Raises 2014 Outlook
- FP FP : Total Sells Units in Switzerland to Varo, Rubis, Les Echos Says
- UBSN VX : Paris Prosecutors Charge UBS With Covering Up Tax Fraud, UBS Says Will Appeal French Court’s EU1.1b Demand in Tax Case
- UL FP : Unibail-Rodamco 1H Recurring Net EU539m vs EU499m Y/y
- VOD LN : Vodafone Cut to Baa1 From A3 by Moody’s
- WFT SW : Weatherford 2Q Rev. $3.71b, Est. $3.78b; Non-GAAP EPS 24c
- YTY1V FH : YIT 2Q Profit Matches Ests.; Lowers Top Range of FY Outlook