Dow +0.57% S&P +0.66% Nasdaq +0.86% Russell +1.59%
US Market Closed Higher mostly driven by Treasury move. investors traded Treasuries for stocks, but they were more specifically after growth-sensitive equities as all six cyclical sectors outpaced the broader market. Materials led all sectors with a 2.5% gain. telecom services (-2.7%) finished the day at the bottom of the leaderboard following the disappointing earnings report from Verizon. Health care (-0.7%) also finished in the red, while consumer staples bucked the trend, advancing 0.8%. US After Hours STX +11%, CREE +3%, AA +2.5% following earnings/guidance, BOBE +17% on plans to sell restaurant unit/focus on BEF Foods. Asian indices mostly firmer, tracking the gains in US markets; Gaming and tech firms outperformed in Hong Kong, while Australia was bolstered by mining names. FX majors have been range-bound with the exception of AUD and JPY. Japan Dec trade surplus was at a 6-month high as exports rose for the first time in 15 months; Overall, lower oil prices have also helped Japan register its first suprlus in 2016 in 6 years. Shipments to Asia and China were up over 12%, while those to Europe fell about 4%.
Nikkei +1.43% Hang Seng +0.29% CSI +0.27% Shanghai +0.15%
Eur$ 1.0724 CNH 6.8329 CNY 6.8797 JPY 113.70 GBP 1.2510 CHF 1.0019 RUB$59.18 WTI$53.07 -0.10%
S&P +0.13% EuroStoxx +0.55% Dax +0.52% FTSE +0.25% SMI +0.39%
Macro :
- U.K ‘Going Rogue’ on Taxes Would Hinder Trade Deal: Dijsselbloem
- Germany Plans to Raise Auto Tax Revenue: Handelsblatt
- JPMorgan Overweights Brazil, Reversing Tactical Move in November
- Carlyle, Blackstone Said to Look to Luxembourg for EU Access: FT
- UBP CEO Says Bank Won’t Quit London Because of Brexit: Le Temps
- European Doubts Over U.S. Stocks, Growth Worst in 20 Years: BMO
Keep an eye on :
- BARN SW : Barry Callebaut Sales Beat Estimates; Sees Volume Accelerating
- BLT LN : BHP Reaffirms Iron Output Forecast; 2Q Production Tops Estimate
- CA FP : Colony Capital Sells Its Stake of 5.11% in Carrefour: Figaro
- DBK GY : Deutsche Bank Said May Register Asset Mgmt Unit: Reuters
- EDPR PL : EDP Renovaveis Electricity Generation Rose 14% in 2016
- FINGB SS : Fingerprint Card’s Former CEO Released From Custody, Direkt Says
- G IM : Consob Said to Convene Intesa, Generali, UniCredit on M&A Rumors
- G IM : Intesa Examining Possible Industrial Combination With Generali
- G IM : Axa Boss reiterated, no interest in Generali - Cash.ch
- GLEN LN : Glencore Said Eyeing Brazil Sugar, Ethanol Mill Takeovers: Rtrs
- ISP IM : Intesa Examining Possible Industrial Combination With Generali
- LATOB SS : Latour CEO Says Company Has ~SEK4b for Acquisitions, DI Reports
- LOGN SW : Logitech 3Q Sales Beats Highest Est.
- LONN VX : Lonza 2016 Eps Beats Estimates; M/T Targets Announcemnt Mid-Year
- MAN GY : MAN’s Drees Sees Stable Commercial Vehicle Business: Boersen-Z.
- MB IM : Mediobanca Rises to 1-Yr High Amid Generali-Intesa Takeover Talk
- NOVN VX : Novartis Says 2017 FY Sales to Be Broadly in Line with Prior Yr
- NOVN VX : Novartis Mulls Spinoff, IPO as Options for Alcon Eye-Care Unit
- SGO FP : Saint-Gobain to Build New Gypsum Plant in Vietnam
- SKY LN : EU Probing Need for Restrictions in Pay TV Contracts: Vestager
- SAN SM : Banco Santander Reasserts Commitments for 2017, 2018
- SAND SS : Sandvik Hires JPMorgan for Sale of Process Systems, DI Reports
- SSE LN : SSE Plans GBP6b Investment; ‘Significant’ Portion in Scotland
- VED LN : Vedanta to Buy Back ~$796m of 2018 and 2019 Notes After Tenders
- VOD LN : Vodafone Wins Ruling for Retrial in Duct-Fee Case: Dt. Telekom
- VOW3 GY : Volkswagen Will Enter Guilty Plea Feb. 24, Detroit Judge Says