Dow-0.48% S&P-0.31% Nasdaq-0.38% Russell-0.26% VIX 23.13 +4.52%
US Market closed lower but on highs of the day. Auto sector pushed Europe lower and put pressure on US equities, Caterpillar (CAT 65.80, -4.40) as the manufacturer of heavy machinery lowered its guidance and announced plans to reduce its workforce by 4,000 to 5,000 people by the end of next year. Shares of CAT settled lower by 6.3%, keeping the industrial sector (-0.7%) among the laggards throughout the day. Financials (-0.7%) and health care (-1.1%) underperformed into the close, but their losses were outweighed by an intraday rally in energy (+0.4%) thanks to crude rallied 0.9% to $44.94/bbl after briefly dipping below $44.00/bbl, technology (unch), and consumer staples (+0.1%), Utilities sector (+0.8%) displayed relative strength throughout the day, building on its gain even as Treasuries slipped from their highs with the 10-yr yield narrowing its loss to two basis points at 2.13% after testing the 2.09%. Volume were ahead of average with 1bil shares. BRazil -0.11% BRL 3.9507 10y 16% US After Hours JBL +9.3%, NKE +7.9%, AEHR +6.2%, INAP -15.1%, PIR -7.4%, BBBY -0.9% following earnings/guidance...BLPH +81% on +ve Phase 2 & Phase 3..MRVL+5.3% on restructuring news (saving of 170/220mil)...Asian Market lower even if S&P trading higher on Yellen comments & Strong earnings from NKE & JBL... Yellen bolstered the case for 2015 liftoff that had been weakened by the unexpected dovish hold in the FOMC policy decision last week, suggesting overseas developments would not derail Fed policy path while also attributing soft price pressure to transitory factors...Japan nationwide core CPI registered its first decline since Apr of 2013. Japan cabinet office cut its overall assessment on economy for the first time since Oct of 2014, citing China slowdown and US rate hike risks contributing to "slowness in some areas" of Japan's economy. Fin Min Aso later stated the govt is still not considering additional fiscal measures and that consumer prices will rise moderately when excluding energy slide...Sharp (6753) -7% on H1 Update...Samsung -1.3% on spec to cut Chip investment.
Nikkei +1.33% Hang Seng +0.01% Shanghai -1.77%
Eur$ 1.1172 CNY 6.3767 JPY 120.34 EURCHF 1.0939 GBP 1.5225 BRL 3.9507 RUB$ 66.05 WTI $45.40(+1.09%)
S&P +0.42% EuroStoxx +1.76% Dax 1.91% SMI +1.18%
Macro :
- Yellen Confirms Fed Still on Track for 2015 Rate Liftoff
- German Minister Seeks to Change Car-Emissions Tests: Bild
- Italy Transport Ministry to Test 1,000 Diesel Cars: Ansa
- U.K. to Retest Vehicle Emissions After VW ‘Unacceptable Actions’
- Japan to Ask Automakers to Report on Emissions Compliance: NHK
- Kone CEO Says Asia-Pacific Mkt Seen Declining Slightly in 2015
Keep an eye on :
- BAYN GY : Bayer Says Benefits of Essure Continue to Outweigh Risks
- BMW GY : Auto Bild Says Has No Indication of BMW Manipulation, BWM ADRs Pare 6.4% Loss Following Spike, Currently Down 0.4%
- EDCL LI : Schlumberger Won’t Extend Pact to Buy Stake in Eurasia Drilling
- RDEN US : S&P downgrades rating two notches to CCC+ from B; outlook Negative
- FNC IM: Finmeccanica Board Approves Merger And Spin-Off Operations
- IAG LN : Accord to Call Off Spain Air Control Strikes Not Reached: ENAIRE
- IMT LN : Japan Tobacco (2914) +3.61%
- KONE AV : Kone CEO Says Asia-Pacific Mkt Seen Declining Slightly in 2015
- NOVN VX : Novartis Says It Will Defend IP Rights in Suit From Rigel Pharma
- SDF GY : K+S Investor Acatis Boosts Stake to Bet on Renewed Potash Bid
- SAN FP : Sanofi Said to Consider Sale of Bio-Surgery, Renal Businesses
- SAP GY : SAP’s Ariba Settles Trade Secret Litigation w/Coupa Software
- RIGN VX : Transocean Cited in Petrobras Carwash Corruption Investigation
- ROG VX : Roche CEO Says Pipeline Risk Has Diminished, FuW Reports
- TRI FP : Trigano FY Sales Beat Est., Further Improvement Seen in FY2016
- UMI BB : Bois Sauvage Raises Umicore Holding; NAV Climbs 12% in 1H
- DG FP : Lyon and Nice airports privatisation to launch mid-October, French Economy Minister says
- VOW3 GY : Seat Investments in Spain Not at Risk, Chairman Tells Europa
- VOW3 GY : Volkswagen to Be Subpoenaed in Diesel Vehicle Joint Probe (2)
- ZC FP : American Airlines has started looking for a new vendor to supply Business Class seats for its Boeing 787-9 http://bit.ly/1iyVea3