Dow +0.14% S&P +0.08% Nasdaq -0.11% Russell +0.57%
US Market closed on a flat note ahead of long Week end. The minutes from the Federal Open Market Committee's November meeting were also supportive of a rate hike in December. The minutes indicated that most committee members felt that it may soon be appropriate to raise the target range for the fed funds rate. Some FOMC members also argued that rates should be hiked at the December meeting to preserve the central bank's credibility. Per the CME's FedWatch Tool, the implied probability of an interest rate hike at the December meeting is unchanged at 93.5%. Seven sectors settled in positive territory with industrials (+0.8%), telecom services (+0.8%), and financials (+0.6%) leading the pack. Deere (DE) +11% on better ern & guidance. financial sector (+0.6%) continued its recent winning streak as banking names outperformed once again. Heavy tech lagged. IBB started the session lower but after LLY news on Alzheimer drug but closed +0.9%. Volume were below average at 808mil shares. US After Hours +24.3% on Lymphoseek sell, IIIN +5.5% to replace LFUS in S&P small cap 600. Donald Trump expected to pick Billionaire Wilbur Ross as Commerce Sec and Todd Ricketts as his deputy. Trump transition team reportedly studying ways to revive Keystone Pipeline early on in presidential term. PBoC resumed weakening of Yuan fix, setting midpoint at lowest level since mid-2008. Goldman Sachs sees USD/CNY reaching 7.3 level in 2017. Japan Nov prelim manufacturing PMI expanded for the 3rd straight month, although at slower pace. Markit points to strong international demand boosting New Orders component. NAVB+7.3% on ern & acq. of Skyscanner GBP 1.4 bln, CTRP
Nikkei +0.94% Hang Seng -0.27% CSI +0.55% Shanghai +0.14%
Eur$ 1.0542 CNY 6.9201 JPY 112.83 GBP 1.2432 WTI 48.07 +0.25%
S&P -0.06% EuroStoxx Dax SMI FTSE +0.10%
Macro :
- FOMC Discussed Possible ‘Sharp’ Rise in Long-Term Rates: Minutes
- FOMC Generally Agreed in November Case for Hike Had Strengthened
- Portuguese Banks Have EU32b in NPE, Bank of Portugal Says
- Europe Is Facing ‘Serious, Difficult’ Test, Schaeuble Says
- Italian Banks Net Profit Estimates Lowered at Goldman Sachs
- Trump Won’t Change Japan’s Forex Policy, Nikkei Cites Asakawa
Keep an eye on :
- ABI BB : Asahi Considering Overseas M&A, Has 400b Yen Available For Deals
- CS FP : Generali CEO Says Merger With Axa Not on Agenda : Les Echos
- BMPS IM : Monte Paschi Received Approval From ECB on EU5b Capital Increase
- BNP FP : BNP Paribas Plans EU2b-EU3b Investments 2017-20, Les Echos Says
- BPI IM : BPI Shareholder Meeting Suspended Until Dec. 13, Violas Says
- CABK SM : CaixaBank Says Hasn’t Decided on How it Will Vote on BFA Stake
- CO FP : Casino Approves of CBD Decision to Sell Via Varejo Unit
- G IM : Generali CEO Says Merger With Axa Not on Agenda : Les Echos
- HLAG GY : Hapag-Lloyd Wins Conditional EU Approval to Buy UASC
- LIN GY : Linde Said in Talks to Sell Logistics Unit Gist to HNA: Reuters
- LHA GY : Lufthansa Can’t Survive If It Agrees to Union Demands, CEO Says
- NDA SS : Nordea Ranks Lowest in Danish Bank Customer Survey, Borsen Says
- RBREW DC : Royal Unibrew 9M Rev Up 6%; Raises Outlook
- RCO FP : Remy Cointreau 1H Current Operating Profit Beats Estimates
- RIO LN : Rio Lowers 2016 Capital Spending to Less Than $3.5b from ~$4b
- FP FP : Total Energy Services to Make Offer for Savanna Energy Services