Dow+1.22% S&P+1.37% Nasdaq+2% Russell+2.15%
US Market closed higher, closed above its 50d MA helped by a +ve reading of April new home sales & a reversal in oil as the energy component erased a 0.9% ($46.64/bbl) loss, ending the pit session higher by 1.1% ($48.65/bbl). Fed Fund futures priced a 34% likehood of rate hike in june. MSFT+3.1% on Cowen upgrade. IBB+2.3%. technology (+2.1%), financials (+1.5%), health care (+1.5%) and consumer discretionary (+1.3%) leading the advance. Volume were below average with 867mil shares. US After Hours CSC +23%, HPE +10% following announcement of HPE's spinoff of its Enterprise Services business with CSC as well as earnings/guidance, MON +1.6% on Bayer Comments. Asian equity markets are up strongly, tracking US markets. There was another Japanese press report stating PM Abe will announce a delay to the sales tax hike after the conclusion of the Diet session on June 1st, deferring to call an election to the Lower House to accompany that of the Upper house of parliament. Govt spokesperson Suga again denied those reports, noting a decision will be made at appropriate time. After Greek lawmakers voted in favor of added fiscal reform measures in exchange for continued relief, Eurogroup announced it has reached a deal with Athens that offers €10.3B in several disbursements. IMF will also remain a part of the deal after some recent tensions with the Tsipras govt, and creditors declared that Greek program is now fully back on track.
Nikkei +1.66% Hang Seng +2.60% CSI +0.20% Shanghai +0.09%
Eur$1.1150 CNH 6.5634 CNY 6.5589 JPY 109.94 GBP 1.4612 CHF 0.9918 RUB$66.1908 WTI $49.27 (+1.36%)
S&P +0.20% EuroStoxx+0.60% Dax+0.70% SMI +0.30%
Macro :
- U.S. New-Home Sales Surge to Highest Level in Eight Years
- State Street’s Cantillon Sees Pensions Moving Into Alternatives
- France’s Sapin: Eurogroup Agrees to Deal With Greek Debt Burden
- U.K. Poll on EU Shows 41% Remain, 41% Leave: YouGov/Times
Keep an eye on :
- ABI BB : AB InBev Gets EU Nod for SABMiller Purchase After Brand Sell-Off
- ABI BB : U.S. Said to Investigate InBev Distribution Incentives: Reuters
- AKE FP : French Chemical Industry May Face EU50m/Day Losses From Strikes
- ABE SM : Abertis, Sacyr Weigh Buying Assets in Peru, Chile: Expansion
- AAPL US : Apple Said to Open Siri to Outside App Developers: Information
- BAYN GY : Monsanto Says Bayer Offer Inadequate; Open to Talks
- BAYN GY : Bayer Looks Forward to Engaging in Discussions With Monsanto -->MON US +1.5% in after Hours @ $111.50
- BDT GY : Bertrandt 2Q Sales Rise 4%, Profit After Tax Down 19% (Earlier)
- CAI AV : CA Immobilien 1Q Ebitda Rises 3.5% Y/y; Rental Income Up 15.7%
- CLS1 GY : Celesio Plans to Squeeze Out PCB Holders After Belmedis Deal
- CDA FP : Compagnie Des Alpes Wants External Investors, Les Echos Says
- CSGN VX : Credit Suisse Group AG Cut to A- from A by Fitch, Outlook Stable
- ECP FP : Europacorp FY Rev Falls to EU147m; Co. Forecasts FY Loss
- FNAC FP : Fnac Shareholders Approve Strategic Partnership With Vivendi
- FDPA FP : Eurosic to Analyze Which Fonciere De Paris Assets to Sell: Echos
- GLPG NA : Galapagos Says Phase 3 Testing of Filgotinib to Start in 3Q
- GPRO US : GoPro/Red Bull Deal Has ’Uncertain’ Economic Benefit: Stifel
- HFG LN : Hilton Food Says YTD Performance In Line With Expectations
- KUNN SW : Kuoni, Hugentobler Appeal Dismissed by Finma Committee
- NRS NO : Norway Royal Salmon Gets Approval From Govt on Triploid Fish
- NOVN VX : Novartis Sees Sustainable Growth, to Continue to Grow Dividend
- UG FP : France Considering Sale of Part Or All of PSA Stake: Echos
- ROG VX : Roche Says First FDA-Approved CMV Test for Stem Cell Recipients
- SAN FP : Medivation May 27 Exp. $65, $70 Calls Active; Shares at $61.90
- SAN FP : Sanofi Said to Unveil Candidates for Medivation Board: Reuters
- SBO AV : Schoeller-Bleckmann Posts 1Q Ebitda Loss, Downturn Not Over Yet
- TEN IM : Tenaris’s Confab Allegedly Paid Bribes for Petrobras Work --> TS US -0.35% in NY
- FP FP : Total Aims to Be 20% Low-Carbon by 2036, CEO Says: FT
- FP FP : France Says 20% of Gas Stations Partly Or Entirely Out of Fuel
- UCG IM : UniCredit CEO Said to Leave After Successor Is Chosen,
- VIV FP : Vivendi Said to Win Majority Backing for Hostile Gameloft Bid
- VOS GY : Vossloh to Offer 2.64m Shrs at EU48, Subscription Ratio of 5:1
- VOW3 GY : Volkswagen Group Partners With Gett, Makes $300m Investment
- VOW3 GY : VW Says It’s Fully Committed to Settling U.S. Lawsuit Claims