US Market Closed slightly higher with Tech (Nasdaq+0.89%) & Small Caps Outperforming (Russell +1.2%), PBoC cut on Friday continue to help the sentiment, more hopes of European QE is also a strong catalyst...even if german officials continue to pour cold water on that...Volume were light ahead of black Friday with only 580mil shares traded...VIX @ 12.62 -2.17%...Ferguson Grand jury decision could weight on sentiment ahead of Holidays season...BOJ Meeting minutes showed that decision to extend QE to ¥80T from ¥60-70T was already a near even 5-4 split, minutes also revealed that several policymakers also feared some of the "side effects" of more easing, and that they expressed some doubt over the impact of such a move, Cabinet office lowered its view on the employment, 1st in 2y...In China, PBoC's latest easing move on Friday has been supplemented by additional liquidity injection, China Oct Conference Board Leading Index rose for the 7th consecutive month, but resident economist noted reductions in consumer expectations, adding the Coincident Economic Index (CEI) registered zero growth for the first time since January 2014......Nikkei +0.29% Hang Seng -0.08% Shanghai +1.32%
Eur$ 1.2428 S&P -0.07% EuroStoxx +0.22% Dax +0.29% SMI +0.15%
Macro :
- EU Said Not to Formally Seek France, Italy Budget Cuts: WSJ
- ECB Noyer: Must Be Prepared to Do More If ‘Our Goal’ Endangered
Keep an eye on:
- ABI BB : JPMorgan reiterates Overweight rating, price target raised to €106 from €93
- BKIA SM : Bankia Sees 2014 Profit of EU800m-EU900m, Europa Press Reports
- BAYN GY : Bayer Said to Weigh Sale of Diabetes Business in Strategy Shift
- BAYN GY : Zoetis Climbs to Session High; Bayer Interested
- CA FP : Carrefour to Open 1st China Convenience Store This Week: Paper
- DRI GY : Drillisch to Sell 5.19m Treasury Shares
- EOAN GY : Eon Italia does not attract bid from Enel - Il Corriere della Sera
- INGA NA : ING to Cut 1,700 Jobs in Netherlands in Three-Year Period
- LUN DC : Lundbeck CEO Ulf Wiinberg resigns with immediate effect
- LUX IM : Luxottica founder boosts stake in Delfin to 25% - Il Sole 24 Ore
- MEO3 GY : Haniel may make buys from start of year; interested in high-quality assets in services, high-tech
- NOVN VX : Novartis Says FDA Extends Priority Review Period for LBH589
- PAH3 GY : Porsche Hanover Court Ruling Canceled on Elliot’s Request
- PTC PL : PT Portugal: Bain and Apax secure funding for EUR 7.075bn bid and mandate financial advisors - Diario Economico, Jornal de Negocios
- RIO LN : Glencore-Rio Merger Will Happen, Banker Hannam Tells Hedge Funds
- SAL IM : Salini Impregilo Wins EU260m Hydropower Contract in Turkey
- SMDR LN : Salamander Should Seek Its Shareholders Approval as Agreed: Sona
- SAN FP : Olivier Bohuon Favored as Head of Sanofi, Le Figaro Reports
- SN/ LN : Stryker discussing financing for USD 16bn bid for Smith & Nephew
- SYNN VX : Syngenta’s Maeder Says Keeping M&A Options Open: Basler Zeitung
- HO FP : Board Meeting to named new CEO reported for a second time - La Tribune
- O2D GY : Telefonica’s German Job Cuts Slower Than Seen: Rheinische Post
- TKA AV : Telekom Austria Successfully Completes Capital Increase
- ZC FP : Zodiac Says Higher Production Costs to Affect First Half
- ZTS US : Zoetis Climbs to Session High; Bayer Interested