Dow-0.31% S&P-0.20% Nasdaq-0.08% Russell-0.26% VIX 22.13 (-1.38%)
US market closed lower for a second day in a row. commodity-sensitive energy (-1.4%) and materials (-2.1%) finished at the bottom of the leaderboard while the industrial sector (-0.7%) also kept the market under pressure, commodity-sensitive energy (-1.4%) and materials (-2.1%) finished at the bottom of the leaderboard while the industrial sector (-0.7%) also kept the market under pressure, WTI Opened higher and retreat the all session to close by 3.8% at $44.53/bbl. Volume were on the light side at 800mil shares. Today, weekly Initial Claims (consensus 271K), August Durable Orders (expected -2.0%) will be reported at 8:30 ET while August New Home Sales (expected 515,000) will be announced at 10:00 ET. US After Hours SCS +3.3%, FUL -7.4%, WOR -3.8% following earnings/guidance...CNAT+42% on +ve phase 2...Asian indices are mixed tracking another down day on Wall St. The selling is led by Nikkei225, where investors caught up with increasingly overwhelming bearish sentiment after 3 days of holidays. US S&P emini futures were also down by about 0.5%, falling below 1,920 and back above now. Japan's Sept preliminary manufacturing PMI remained in expansion but was softer than consensus 51.2 and prior 51.7 level. PBoC open market operation switched to 14-day reverse repo instruments to inject CNY80B in liquidity. Economists with Bank of China (BOC) estimated Q3 GDP to slow to 6.8% before a bounce of 7% in Q4, resulting in overall 2015 growth of around 7%.
Nikkei -2.34% (re-open after 3days holidays) Hang Seng -0.58% Shanghai +0.44%
Eur$ 1.1197 BRL 4.1783 CNY 6.3795 GBP 1.5258 EURCHF 1.0949 GBP 1.5262 RUB $66.39 WTI $44.82
S&P -0.30% EuroStoxx -0.33% Dax -0.44% SMI -0.92%
Macro :
- Economists See China Cutting 2016 Growth Target to 6.5%-7% Range
- Brazil Real Tumbles to New Record Low as Investors Rush to Sell : BRL 4.1783 10y : 16.83%
- Citi Cuts Global Growth Forecast on Downside Risks From China
Keep an eye on :
- ABE/P SM : Abengoa Chairman Benjumea Leaves Board, Dominguez to Join
- ABI BB : Anheuser-Busch InBev to Buy L.A.’s Golden Road Brewing; No Terms
- ATC NA : Altice CEO Says Cable Buying Spree Paused After Cablevision Deal
- BLT LN :
- DB1 GY : Deutsche Boerse to Change Status to SE 2H 2016: Boersen-Zeitung
- HAV FP : Havas to Buy Digital Communications Group FullSIX
- LHA GY : EU May Challenge German Air Safety Oversight After Crash:Reuters
- MOURY BB : Moury Construct 1H EPS Climbs 15% to EU4.23; Backlog at EU124.5m
- NOVN VX : Novartis Starts Affordable Drug Program in Low-Income Countries
- SPM IM : Saipem Extends Losses After Reuters Report on Capital Plan
- VOW3 GY : VW Board to Postpone Restructuring Plan: Handelsblatt
- VOW3 GY : VW Cars Involved in Scandal Said to Be Fewer Than 10M: ITV
- VOW3 GY : Volkswagen Scandal ’Real Cost’ Cost Still ’Many Months’ Away: MS
- VOW3 GY : Lower Saxony’s Weil Sees Swift Results in VW Probe: ARD
- VOW3 GY : VW recall letters in April warned of an emissions glitch : Reuters: http://reut.rs/1YCDU50