Dow-0.05% S&P-0.21% Nasdaq-0.08% Russell-0.08%
US Market closed near its flat line. today's action included hawkish commentary from FOMC members, a downtick in the dollar, a modest loss in oil, and the underperformance of the heavily-weighted health care (-0.5%) sector. Over the weekend, Boston Fed President and FOMC voter Eric Rosengren kept the door open for a June rate hike when he stated that criteria for the next hike are "on the verge" of being met. St. Louis Fed President James Bullard and San Francisco Fed President John Williams also echoed this sentiment when they each stated that an interest rate hike could be argued for sooner than the market expects. WTI ended lower by 0.6% ($48.12/bbl). Volume were below average with 800mil shares. US After Hours AGLE +15% after receiving Fast Track designation by the FDA; PLCM +11% following receipt of revised non-binding proposal, SPWR +1.2% on Total power purchase agreement, XGTI -17.8% on Earn. Asian equity indices are in the red, tracking late-session sell-down on Wall Street. More hawkish Fed speak remains among the top hurdles to a bounce in equities, as investors continue to monitor the 6-week range of 2,040-2,100 in S&P500. Japan's Fin Min Aso indicated the latest G7 discussions among Fin Mins last weekend work to boost demand by fiscal, monetary and regulatory means. Aso aso said the upcoming discussions among G7 nations' leaders this week will likely not break any new ground. In the mean time, an analyst with Daiwa stated Japan is unlikely to intervene above ¥100, and BoA/ML speculated USD/JPY could reach ¥113 as markets prepare for even more stimulus at the June meeting in advance of what is likely to be a contraction in Japan GDP in Q2. The latest Brexit poll by UK's Daily Telegraph saw the Stay camp maintaining a double-digit lead on Leave supporters by 55% to 42% margin. Stateside, Philly Fed President Harker - a hawkish non-voter - called for 2-3 rate hikes by the FOMC this year in response to expected acceleration in wage growth and inflation along with improvement in US Q2 GDP.
Nikkei -0.86% Hang Seng -0.32% CSI -0.81% Shanghai -0.88%
Eur$ 1.1211 CNH 6.5622 CNY 6.5535 JPY 109.26 GBP 1.4482 CHF 0.9908 RUB$ 66.9761 WTI$ 47.82 (-0.54%)
S&P -0.11% EuroStoxx -0.45% Dax -0.54% SMI -0.24%
Macro :
- Goldman Sees 35% Probability of June Hike Under New Approach
- Tudor Cuts Fees on Some Hedge Funds to Keep Investors on Board
Keep an eye on :
- AAPL US : Apple Analyst Sees New MacBook Pro Design in 4Q: AppleInsider
- BPI PL : Banco BPI Says CaixaBank Increased Stake to 44.8%
- BAYN GY : Monsanto CEO Surprised at Openness of Bayer Bid: USDA’s Vilsack
- BAYN GY : Bayer Gives German Job Pledge Amid Monsanto Offer: Handelsblatt
- CBK GY : Commerzbank’s Mandel to Evaluate Synergies With Comdirect: FAZ
- CCH LN : New Argen to Sell About 5.4m Shares of Coca Cola HBC
- DBK GY : Moody's cuts long-term deposit rating to A3 from A2; outlook Stable
- DBK GY : Deutsche Bank Post-Crisis Mortgage Positions Said Probed by SEC
- DOW US : Dow, DuPont Name Howard Ungerleider to Become CFO of Merged Co.
- EVK GY : CVC Capital to Sell Up to 19.8m Shares in Evonik Industries, 4.2% of the company placed @ E25.50
- FCA IM : Fiat hits back at German transport body over emissions tests - FT
- FER SM : Ferrovial Starts Buyback of Up to 19m Shrs
- IPN FP :
- NG/ LN : National Grid Gets NYPSC Order for Niagara Mohawk Investment
- OMG LN : Old Mutual Nears Deal to Sell U.S. Business to AMG, FT Reports
- PST IM : Poste Italiane Chairman Says State Stake Below 50% Welcome: Sole
- CFR VX : Buccellati close to being acquired by Richemont - Il Sole 24 Ore
- SAF FP : GE-Snecma JV Wins $3b LEAP-1B Engine Order From VietJet
- SAN FP : Sanofi’s LixiLan Likely to Get FDA Nod, Novo Data Favored: Citi
- SNAPCHAT IPO : Snapchat is raising more money around $20 billion valuation - TechCrunch
- SPOTIFY IPO : Spotify Revenue Gained 81% in 2015 to EU1.95b, WSJ Says
- SCMN VX : Swisscom Imposed Fine of CHF71.8m by COMCO, Will Appeal
- FP FP : Total, SunPower in Energy Pact With Metro of Santiago, No Terms
- FP FP : Total Halts Some French Refineries Amid Strikes, Blockades
- VOW3 GY : VW May Still Claim Damages for Management Mistakes: Handelsblatt
- VOw3 GY : First VW Court Ruling in Spain Backs Carmaker: El Pais Link