US Market closed lower with Nasdaq leading the move, Nasdaq has broken its 50d MA, Biotechnology was one of worst performer...Biotech -2,8% after testing its 100d MA, Volume @ 714mil shares in line with average...VIX @ 15,09 +0,6%...BRazil +1.29% after S&P Dwg... Brazil Finance Ministry response noted the downgrade contradicts economic fundamentals, and that the analysis by the credit rating agency of the country's FDI trends is not correct....- Former PBoC adviser Li Daokui said China govt has more room to expand credit and forecasted broader economic expansion in Q3-Q4, but also said the State Council is unlikely to heed calls for more stimulus and that a "mini-crisis" in local govt debt is possible....- The head of Japan's top pension fund GPIF reiterated he would not oppose lowering domestic bond holdings to certain extent due to low yield conditions....Nikkei-0.36% ...HS -0.39%...Shanghai -0.10%
Eur$1.3837 S&P Fut +0.05% European fut +0.6%
Macro :
- S&P LOWERS BRAZIL SOVEREIGN RATING TO BBB- FROM BBB; revises outlook to Stable from Negative
- ‘Next Bust Will Be Unlike Any Other,’ Grantham Tells Fortune {NSN N2YY6G6K50XT <go>}, ful article sent by bbg
- Credit Suisse Halves The Size of Overweight in Equities
>>> Keep an eye on :
- AAL LN : Anglo American plc Halts prodcution at Los Bronces Copper Mine in Chile
- ALPHA GA : Alpha Bank Starts EU1.2b Offering Through Private Placement, fully covered @ 0,65 (vs 0,70 close ie 7,15% discount)
- BAER VX : Julius Baer Raises Stake in Wealth Manager GPS to 80% vs 30%
- BALN VX : Baloise 2013 Net Misses; Dividend Plan Beats Forecast
- BKIA SM : Bankia Agrees to Sell 70.2% of Bancofar
- EN FP : Bouygues Sees No Competition Problem With SFR Purchase: Echos
- COP LN :
- DXNS LN : Phones 4u sponsor approached Dixons to hijack Carphone Warehouse merger
- EVT GY : Evotec Posts 2013 Loss After Impairments on EVT100 Series
- GBB FP : Bourbon Names Directors to Examine Takeover Offer From Jaccar
- KER FP : La Redoute Labor Unions Sign Accord on Kering Sale: Les Echos
- LHA GY : Lufthansa Staying With Bombardier Despite Delays: Reuters
- LUX IM : Google & Luxottica announce strategic partnership for google glass
- ORA FP : Orange prepares bid for Jazztel with adviser Bank of America Merrill Lynch; deal could be worth EUR 2.7bn
- ORCO FP : Orco Germany extends period for participating in EUR 36m capital raise
- RSA LN : Right issue 3 for 8 rights issue @ 56p ( 40% discount), to rasie £773mil, underwritten by BofA-ML & JPM
- SAN FP : Sanofi Said to Join Bidders for Merck’s Consumer-Health Unit
- SBO AV : Schoeller-Bleckmann Seeks AGM Permission to Sell 1.6m Shrs
- SCVB SS : Scania union close to agreement with Volkswagen - Dagens Industri
- TNG FP : *TRANSGENE RAISES EU20M IN PRIVATE PLACEMENT OF 2M EXTRA SHARES
- VIV FP : Vivendi Said to Seek Improved Bid for SFR From Drahi’s Altice
- VIV FP : SFR Unions Want Bidders to Sign Accord Guaranteeing Jobs: AFP