Dow +1.05% S&P +1.08% Nasdaq +1.24% Russell +1.31%
US MArket closed higher pushed by higher Euro & Positive outcome from french elections. Equities finished higher around the globe following the French vote with France's CAC (+4.1%) leading the charge, settling at its highest mark in nearly a decade. Likewise, U.S. equities jolted higher at the start of Monday's session, however, they had a difficult time adding much to the early gain. Several factors can be attributed to capping the bullish sentiment, but the leading culprit was the possibility of a U.S. government shutdown. Congress will return from its spring recess tomorrow, giving legislators just four days to pass a new spending bill and keep the government afloat. The deadline was expected to be a non-event as it's in no party's interest to force a closure, however, reports indicate that President Trump may attempt to leverage the situation to fund his promised barrier along the U.S./Mexico border. The aggressive tactic could definitely complicate matters. President Trump is aiming to lower the corporate tax rate to 15.0%, according to today's report from The Wall Street Journal. Crude settled 0.8% lower at $49.23/bbl. HUM +3%, RRC +3%, AA +2% higher on earnings/guidance... ESRX -15%, SWFT -6%, ABX -3.6%, CNI -1.6%, WHR -1% lower following earnings/guidance, WPZ -1.7% cuts dividend. Asian indices continued to trend higher, tracking outsized rally on Wall St on the heels of market-friendly French presidential elections Round 1 results.
Nikkei +1.08% Hang Seng +1.01% CSI +0.33% Shanghai +0.26%
Eur$ 1.0867 CNH 6.8855 CNY 6.8838 JPY 110.25 GBP 1.2797 CHF 0.9958 RUB 55.76
SPX +0.18% EuroStoxx +0.48% FTSE +0.24% Dax +0.36% SMI +0.37%
Macro :
- Trump Said to Order Push to Cut Corporate Tax Rate to 15%: WSJ
- Macron Would Get 64%, Le Pen 36% in 2nd Round: Elabe Poll
- Iran Seeks $3b Funding to Build 480k B/D Condensate Plant
Keep an eye on :
- ABBN VX : ABB Ties With IBM to Develop Decision-Making Factory Robots
- AKZA NA : Akzo Nobel Must Enter Talks With PPG: Columbia Threadneedle
- ABS US : Albertsons Said Exploring Bid for Grocer Whole Foods: FT
- AZA IM : Alitalia Workers Vote Against Restructuring Plan: Uiltrasporti
- ASMI NA : ASM Int. RAISES EU248M From 5% Stake Sale in ASMPT
- ATO FP : Atos Lifts Outlook for 2017 Revenue Growth, Operating Margin
- AIXA GY : Aixtron Sees FY Rev. EU180m-EU210m
- BKG LN : Unsold London Homes Under Construction Hit Record as Sales Fall
- CO FP : Casino Cut to Junk by Fitch, Citing Weaker Growth at Core Market
- ACA FP : Credit Agricole May Buy Italy’s Caricesena, Carim, Carismi
- DEC FP : JCDecaux to Appeal Paris Contract Decision at Council of State
- CDI FP : LVMH to Buy Christian Dior Couture; Arnault Christian Dior Bid
- EI FP : Essilor 1Q Rev. EU1.96b
- ERICB SS : Ericsson 1Q Net Sales Miss Est.
- FRE GY : Fresenius Said Near Deal to Buy Akorn, Reuters Says
- LONN VX : Lonza Raises 2017 Sale Growth Target, Sees Stronger Core Ebit
- LONN VX : Lonza to Replace Actelion in Swiss SMI Index From May 3
- METSO FH : Metso Raises Outlook for Mining Services; Net Sales Beat Ests.
- NOVN VX : Novartis 1Q Core EPS Cont. Ops. Beats Est.
- NN NA : NN Group Holder FNO Offering ~8.75m Shares via Bookbuild
- UG FP : Paris Prosecutor Starts Probe Into Peugeot Diesel Engines
- PHIA NA : Philips Doesn’t See Itself as Takeover Target, CEO Tells FAZ
- SCHP VX : Schindler’s 1Q Results Solid, Modest Consensus Upgrades Seen: MS
- STL NO : Statoil EVP Dodson: Expects at Least 1 Find in Barents This Year
- TEF SM : Telefonica Said to Weigh IPO for U.K.’s O2 as Soon as Year End
- UMI BB : Umicore FY Adj. Ebit View Midpoint Trails Est.
- VIV FP : Vivendi Seen Accelerating Expansion in Video Games, Ads: Reuters
- VOLVB SS : Volvo 1Q Adj. Operating Profit Beats Highest Est.
- WFM US : Albertsons Said Exploring Bid for Grocer Whole Foods: FT
- WTB LN : Whitbread FY Underlying Pretax Beats Ests.