Dow -0.35% S&P -0.52% Nasdaq -0.81% Russell -0.92%
US MArket closed lower after weaker New home sales and a downturn in crude oil, Crude oil extended its loss after the Department of Energy confirmed API's disappointing inventory data. The EIA disclosed that crude oil stockpiles rose by 2.50 million barrels (consensus: -0.45 million) while gasoline inventories increased by 0.03 million barrels (consensus: -1.66 million). As a result, WTI crude ended its day lower by 2.9% ($46.76/bbl; -$1.39), extending its week-to-date loss to 4.7%. Biotechnology weighed on the health care space (-1.6%), evidenced by the 3.4% decline in the IBB. The S&P 500 (-0.5%) violated its 20-day simple moving average (2177.84) in the final hour, finding support near the 2170 price level. Nine sectors ended in the red with materials (-1.2%) and health care (-1.6%) acting as noticeable laggards. Conversely, the utilities (UNCH) sector finished the day flat. Volume were below average @ 737mil shares. US After Hours GES +14%, WDAY +11%, TLYS +9% higher following earnings / guidance, NFLX +1% on analyst upgrade... HPQ -5% following earnings / guidance. Asian equity markets are mixed to modestly lower, tracking a more pronounced decline in US indices as investors have turned uneasy over the prospects of Fed Chair Yellen communicating that a September hike is still on the table during Friday's Jackson Hole address. After using 14-day reverse repos for the first time in 6 months yesterday, PBoC followed up with a 2nd similar injection. Analysts have questioned the move being potentially in response to tighter liquidity, rising leverage in the bond market, and resulting reluctance by the PBoC to undertake more direct response such as RRR or an outright interest rate cut. Japan Services PPI hit a 10-month high of 0.4% y/y. Recall the July Services PMI noted a marginal increase in input prices, even as the figure returned to expansion.
Nikkei -0.25% Hang Seng +0.11% CSI -1.09% Shanghai -0.96%
Eur$ 1.1274 CNH 6.6699 CNY 6.6565 JPY 100.45 GBP 1.3229 CHF 0.9964 RUB 65.0769
S&P +0.02% EuroStoxx -0.07% Dax -0.11% SMI -0.13%
Macro :
- France Plans Plane-Ticket Tax in 2017 for CDG Rail Link: Echos
- Phibro CEO Sees Floor for WTI Crude at $25-$30 A Barrel
- Greek Banks Profitability May Suffer From Provisions, KBW Says
Keep an eye on :
- AD NA : Ahold Standalone 2Q Underlying Operating Income Beats Ests.
- AZN LN : AstraZeneca Case Over Generic Brilinta Dropped by HEC
- BMPS IM : Italian Treasury May Want Seat on Monte Paschi Board: Stampa
- BFIT NA : Basic-Fit 1H Adj. Ebitda Up 39%, Reiterates Medium-Term View
- CABK SM : Caixa Econ. Montepio Geral 1H Loss EU67.6m vs Loss EU28.9m Y/y
- CAI AV : CA Immo 1H 2016 FFO I/Shr EU0.46, Up 21% Y/y
- FIE GY : Fielmann 2Q Group Sales Rise About 5%, Profit Up 17%
- GILD US : Gilead, AbbVie Drop Two Patent Suits Over Hepatitis C Drugs
- GLEN LN : -2.3% in HK
- HSBA LN : HSBC Bought Back 2.2m Shares at Avg 541.82 Pence Each Aug. 24
- HUBN SW : Huber & Suhner, Bombardier Sign 5-Yr Cable Supply Agreement
- IBAB BB : Ion Beam 1H Adj. Ebitda EU18m vs EU14.6m Y/y; Maintains Forecast
- KIN BB : Kinepolis 1H Net Falls 8.2%, Takes EU9.4m Tax-Rulings Provision
- SDF GY : K+S Names CFO Lohr Chairman as Steiner Retires
- LEAS BB : Leasinvest 1H Adj. EPS Beats Ests.; Dividend Forecast Maintained
- LHA GY : Lufthansa Welcomes UFO Union Approval for Wage Contracts
- NOVN VX : Novartis Has Positive Phase 3 Results for BAF312 for SPMS
- ORA FP : Orange Denies Challenges Report on Telecom Italia, Canal Plus
- RAND NA : Monster Says in Letter to Holders MNG Letter Has ‘Inaccuracies’
- RTL LX : RTL 2Q Revenue Declines, Upgrades 2016 Ebita Outlook
- SFQ GY : SAF-Holland Withdraws All-Cash Offer for Haldex
- SHBA SS : Handelsbanken Sells All Its Industrivaerden Class A Shares
- SPSN SW : Swiss Prime Site 1H Ebit Falls; Sees Higher FY Rental Income Y/y
- SRCG SW : Sunrise 2Q Rev. Beats Ests.; Keeps Outlook Unchanged
- TAMN SW : Tamedia 1H Revenue Down, Starts Quality Monitoring
- TSCO LN : Tesco to Offer 3-Hour Online Order Collection: FT (Yday)
- TIF US : *TIFFANY DOWN 1.6% POST-MARKET; DUE TO REPORT PRE-MKT TOMORROW
- UQA AV : Uniqa 1H Net Income Falls 42%; Outlook for 2016 Confirmed