US Market CLosed Higher despite disappointing Q1 GDP Revision, Healthcare was strong with AbbVie & Shire Outperforming, consumer discretionary sector (+0.8%) lagged in the early going, but elbowed its way to the top of the leaderboard with help from media names after the Supreme Court ruled that start-up streaming service Aereo violated broadcaster copyright laws. CBS (CBS 62.48, +3.64) surged 6.2%, while Comcast (CMCSA 53.21, +0.57) and Disney (DIS 83.90, +1.22) advanced 1.1% and 1.5%, respectively...financials lagged...consumer staples sector spent the entire session climbing off lows, but still ended in the red (-0.1%) as General Mills (GIS 51.76, -1.94) weighed after reporting disappointing earnings...Volume in line with previous day still on the light side @ 650mil shares...VIX @ 11.59 -4.45%...After Hours CIDM -20.7%, BBBY -7.2%, MLHR -4.6%, FUL -1.7%, CWST -0.4%...Overnight, Beijing formally announced the start of major infrastructure projects in central and western China, shifting the focus of "targeted stimulus" to an area where wage costs are lower...Nikkei +0.33%...Hang Seng +0.89%...Shanghai +0.62%...
Eur$ 1.3638 S&P +0.6% EuroStoxx +0.28% FTSE +0.14% DAX+0.23% SMI +0.10%
Macro
- Iran Secretly Sending Drones, Supplies into Iraq: New York Times
- China Auditor Finds $15 Billion of Loans Backed by Falsified Gold Trades {NSN N7RD3S6JTSEH <go>}
- Paulson’s Puerto Rico Paradise Lures Hedge-Fund Traders Fleeing U.S. Taxes {NSN N7QXFI6KLVR4 <go>}
Keep an eye on :
- ABI BB : AB InBev/SABMiller Deal Likely in 6-18 Months, Citi Says {NSN N7RGZ26JTSEH <go>}
- AF FP : Air France to Review Short-Haul Options Following Internal Study, has make no decision on Alitalia, could increase stake after Ethiad Deal. (Interview French Radio)
- AZN LN : AstraZeneca Cancer Drug Fails to Win FDA Panel’s Backing
- BALSN SW : Basilea Reports Start of Phase 2a Study With Oncology Drug
- BARC LN : Barclays Dark Pool Said to Face N.Y. State Lawsuit
- GBF GY : Bilfinger Turns to Industrial Deals After Sealing U.K. Takeovers
- BC IM : Brunello Cucinelli Shifts Company Stake to Trust: Reuters {http://reut.rs/1v81AN0}
- BNP FP : BNP May Face Yr-Long Ban on Dollar Clearing, Reuters {http://reut.rs/1lfeenN}
- BT/A LN : BT Has Potential to Rerate Further, Credit Suisse Says
- BPTY LN : Bwin.Party Online Casino Said to Weigh Sale Among Other Options {NSN N7R0A06S972N <go>}
- ACA FP : Could be interested in participating in capital increase of Cajamar, the spanish rural savings bank - Expansion
- CLN VX : Clariant Targets Ebitda Margin Ex Items Above Last Yr’s 14.1%, to Increase Capacity at German Plant by 50%
- DANSKE DC : Danske Bank CEO Wants to Double Swedish Mkt Share, SvD Reports
- BN FP : Danon-Volga to be put up for sale by Danone - Kommersant, Vedomosti (Small)
- DLG GY : Dialog Considering SF4.2b Merger With AMS: Financial Times
- DTE GY : Deutsche Telekom to Keep Investing in U.S., Boerse Online Says
- DUFN VX : Dufry to Raise Up to CHF725m to Pay for Nuance Acquisition
- GLEN LN : Glencore CEO Says Has Confidence in Copper on Lack of New Mines
- HBH3 GY : Hornbach 1Q Ebit Rises 71% to EU87.3m; Reiterates Outlook
- KMR LN : Iluka Resources Makes Approach to Kenmare to Add Mozambique Mine {NSN N7RFYZ6JTSEF<Go>}
- KRN GY : Krones Confirms Targets 2014
- LUN DC : Lundbeck: Study Results Demonstrate Brintellix Is Efficacious
- NOVN VX : Novartis Sues Mylan Over Patents for Exjade Iron-Control Drug
- OMV AV : OMV on radar of Gazprom as IPIC seeks exit - Der Kurier
- UG FP : Peugeot to Seek New Competitivity Accord in 2016, Echos Says
- RLIA SM : Colonial makes bid for Realia (~€600m-->+32% premium vs yest close)- El confidencial
- RBS LN : RBS Said to Begin Talks That Could Sever Ties With Deloitte: Sky
- REP SM : Diamondback Energy Jumps After Report of Possible Repsol Bid
- SAABB SS : Saab could announce ThyssenKupp Marine Systems buy within days - Dagens Industri
- SAB LN : AB InBev/SABMiller Deal Likely in 6-18 Months, Citi Says
- SAN FP : Said to be in early stages of mulling the sale of certain older drugs from portfolio
- SAZ GY : Stada, Labor Union Fight Over Longer Working Hours, FAZ Reports
- SHP LN : Shire Holders Advised to Take No Action on AbbVie Proposal
- TFG NA : Tetragon Financials Reports May NAV $16.92/share