Dow +0.12% S&P +0.22% Nasdaq +0.33% Russell +0.92%
US Mkt close slightly higher, Open highs but trade lower with Crude. Reports circulated this afternoon that Iran, Iraq, and Indonesia have expressed some misgivings about their participation in a proposed deal. The oil collective is scheduled to meet on November 30 to vote on potential supply control measures. WTI crude finished down 0.4% ($48.07/bbl; -$0.20). Nine sectors ended in the green with telecom services (+2.1%), real estate (+1.7%), and consumer discretionary (+1.2%) outperforming. Conversely, health care (-1.4%) and energy (UNCH) ended with the only losses. MDT -8.7% after Earnings, DLTR +8.2% on earnings. Volume were below average at 893mil shares. US After Hours NSPR +9.5% (after +19% during regular hour), VEEV +6.1%, GME +2.6%, CAL +1.9%, NMBL -10.8%, URBN -9.6%, HPQ -2.3%, HPE -1.8%. Crude oil prices retreat despite the draw in API inventories. Offshore Yuan falls to new all-time lows through CNH6.92 despite stronger fix. Japan Closed for Holiday. US Commerce Sec Pritzer: China has warned of a retaliation if US levies tariffs as threatened by Pres-elect Trump; Abandoning TPP gives China an advantage; Will hurt US interests in Asia and globally.
Nikkei Closed Hang Seng +0.02% CSI +0.20% Shanghai -0.21%
Eur$ 1.0636 CNH 6.9184 CNH 6.8912 JPY 110.90 GBP 1.2409 CHF 1.0099 RUB 63.764 WTI $ 47.87 - 0.33%
S&P +0.06% EuorStoxx +0.33% Dax +0.25% SMI +0.12%
Macro :
- BofAML’s Subramanian Raises S&P 500’s Year-End Target to 2,100
- OPEC Said to Defer Question of Iran, Iraq Cuts for Ministers
- Gold Falls From Grace as Shares Surge to Records, Fed to Tighten
Keep an eye on :
- ABG SM : Abengoa Shareholders Approve Details of Creditor Deal
- ABLX BB : Ablynx 9-Mo. Net EU10.9 Mln, Reiterates 2016 Cash Burn Forecast
- AIR FP : Airbus Gets Second License From U.S. OFAC to Export Jets to Iran
- AIR FP : Airbus Cutting 780 Jobs as Part of Reorganization, Echos Says
- AREVA FP : France’s ASN Says French Nuclear Situation Worrying: Figaro
- POP SM : Banco Popular Board Members Seeking Chairman Removal: Expansion
- BKIA SM : Spain to Seek to Sell Bankia Share Blocks of 15%-20%: Cinco
- DSM NA : DSM Reinstated Outperform at Credit Suisse, PT EU65.50
- EDF FP : France’s ASN Says French Nuclear Situation Worrying: Figaro
- G IM : Generali Targets 15% Productivity Increase; Keeps 2018 Goals
- IFX GY : Infineon 4Q Segment Result Misses Ests.; Sees 1Q Rev. Decline
- LHA GY : Lufthansa Loses Bid to Stop Pilot Strike at Appeals Court
- SAF FP : French State Selling 1.39% of Safran, to Remain Biggest Holder
- SAP GY : SAP Says Investing Heavily in Machine Learning: Handelsblatt
- SDRL NO : Seadrill in Advanced Stage for Agreement Talks With Banks
- STL NO : Petrobras Concludes $2.5b Sale of Oil Block to Statoil
- TIT IM : Vivendi owns 23.15% of Telecom ITalia, bought shares in the market, had been diluted to 21.91%
- TEN FP : Tenaris, Vallourec Cut at Macquarie on Oil Service Recovery View
- UN01 GY : Uniper Said to Plan Cutting More Than 500 Jobs: Rheinische Post
- VIV FP : Vivendi owns 23.15% of Telecom ITalia, bought shares in the market, had been diluted to 21.91%
- VOW3 GY : Delphi Automotive Drops 7.5% After VW’s E-Car Push, Trump Speech
- VOW3 GY : VW Won’t Sell New Diesel Models in U.S.: Diess to Handelsblatt
- VOW3 GY : VW Upgraded as ‘Skies Clearing,’ Autos Face Headwinds: Goldman