Dow +0,11% S&P+0,27% Nasdaq+0,41% Russell+0,48% VIX 12.48 (1.81%)
US Close slightly higher, notching a fresh intraday reocird high @2,120.49, Nasdaq set a fresh closing record high at 5,056.06 (last record on 10th of March 2000)...Us mkt didn't react to Chinese numbers and Greek noise...Crude closed +2,8% higher @ $57,74...PHLX closed lower(-1,6%) with TXN bad numbers...Volume were in line with average @ 780mil shares...US Afte Hours AMZN +6.5%, JNPR +5.8%, MSFT +3.9%, GOOG +3.9%, UBNT -15.4%, AMSC -9.4% following earnings/guidance...Asian indices are mixed despite another resounding rally on Wall St that saw the Nasdaq test 15 year highs last seen at the crest of the dot-com bubble. China markets are particularly volatile, with Shanghai Composite initially falling over 1.5% at -the open on earlier rumors that the govt is looking to raise stamp tax, resume capital gains tax, and control equity market leverage. CSRC denied that speculation after the open, helping mainland shares recover toward unchanged levels. Also of note out of CSRC, the regulator approved 25 IPOs and plans to process two batches (vs 1 currently) of IPOs every month. All of today's new issuances traded limit up in early going, comments out of the state planner NDRC further boosted sentiment, promising to increase policy adjustments, approve more construction of large infrastructure projects, and generally support the economy. NDRC remarked China can keep economic growth within trend. BOJ Gov Kuroda spoke again in Parliament, noting the output gap is now around zero but will improve in the future. Kuroda reiterated trend inflation is improving steadily as expectations for higher prices take hold. Fin Min Aso also said BOJ will carry out its monetary easing, though Japan is no longer in deflationary state. Todays Eurogroup meeting in Riga on Greece, expectations are extremely subdued, even though Germany's Merkel voiced the importance of getting Greece on track of a sustainable aid program. PM Tsipras remained optimistic following today's preliminary discussions, noting "significant progress was made recently in discussions with the Brussels group", and that negotiators are closer to agreement than previously thought.
Nikkei -0.75% Hang Seng -0.57% Shanghai -1.56%
Eur$1.0810 GBP 1.5054 RUB $50.6820 CHFEUR 0.9672 CHF 0.9565 WTI $57.42 (-0.55%)
S&P -0.14% EuroStoxx +0.33% Dax +0.39% SMI +0.39%
Macro
- Lagarde Calls on World to Be ‘Much More Ambitious’ on Trade
- Greek Govt Official Sees Convergence in Talks With Creditors
- Greece Plan ‘Failed,’ People ‘Weary of Reform,’ Varoufakis Says
Keep an eye on :
- ACX SM : Acerinox Q1 Net EU31.01M Versus EU25.07M Year Earlier
- AMS SM : Amadeus Buys AirIT From Fraport to Expand in North America
- ASMI NA : ASM International 1Q Rev., Adj. Net Beat Ests.
- SAN SM : Viscofan 1Q Net EU30.45M Vs EU22.41M a Year Earlier
- EN FP : Bouygues CEO Repeats That Bouygues Telecom Is Not for Sale, CEO Says There’s No Reason to Seek Telecom Tie-Up
- ITP FP : Interparfums 1Q Rev. Rises 3% to EU77m vs EU75m
- OLE SM : Deoleo CEO to Resign; 1Q Rev. Rises Y/y, Ebitda Falls
- ORA FP : Orange Says France Chief Ernotte Named France Televisions Head
- RNO FP : Renault 1Q Rev. Beats Est.; 2015 Target Confirmed
- RNO FP : France’s Macron Wrote to Renault’s Ghosn on Voting Rights: Echos
- RDSB LN : Shell CEO Says Co. Wants to Deepen Ties With Petrobras
- SAABA SS : Saab 1Q Operating Profit Misses Est.; Sees Flat FY Margin
- SEV FP : Suez Says 1Q Recycling Still Hurt By Volumes, Price Decline
- TEC FP :Technip CEO Sees ‘Difficult’ Situation for Awhile in Brazil
- THR BB : ThromboGenics Rises as Novartis Says Jetrea Data Gives Optimism
- TOM NO : Tomra 1Q Revenues NOK1.11b NOK1.02b Yr Earlier; Gross Margin 43%
- UCG IM : Santander, UniCredit Agree to Combine Asset Management Units
- FR FP : Valeo 1Q Rev. Beats Est.; 2015 Targets Confirmed
- DG FP : Vinci 1Q Rev. EU8.17b vs EU8.62b Y/y