Dow-0.15% S&P-0.18% Nasdaq-0.21% Russell-0.75%
US Market closed lower with some risk off ahead of a busy week, move also attributed a downturn in crude oil, WTI crude ended its day lower by 2.4% at $42.72/bbl. FOMC will begin its two-day policy meeting tomorrow, and is largely expected to leave interest rates unchanged. consumer staples (+0.7%) and telecom services (+0.3%) ended with the largest gains,commodity-sensitive energy (-1.1%) and materials (-0.6%) spaces rounded out the leaderboard while industrials (-0.6%), health care (-0.4%), and financials (-0.3%) followed. Volumes were below average with 861mil shares. US After Hours KN +23%, TCS +20.6%, SANM +5.7% higher and CNI -4.9%, NBR -4.9% lower on earnings/guidance, PETX +17.4% on license deal. Asian equity markets are down slightly for the 3rd straight session, however declines stayed fairly modest as the 2-month uptrend in emerging markets remains intact. Investors are staying on the sidelines going into Wednesday's FOMC/BOJ double-header, and the dearth of economic data is also keeping sentiment balanced. China's former PBoC adviser Li Daokui reiterated his cautious outlook that the economic downturn has yet to find its bottom, echoing some of the more cautious rhetoric on growing credit risks overnight. In Japan, there was more speculation over the extent of govt cushioning of the impact of last week's earthquake. A local press report that supplementary budget intended to aid in recovery could reach as high as ¥600B was once again rebuffed by Fin Min Aso, who said the extent of the amount of relief has yet to be determined. A Nikkei report noted that Japan's primary pension fund GPIF is looking to tackle appreciating Yen expectations with more hedging programs, while a research note by Morgan Stanley forecast this week's BOJ easing expanded by ¥10-20T and a rate cut deeper into negative territory by at least 10bps.
Nikkei -0.43% Hang Seng -0.63% Shanghai -0.03%
Eur$1.1267 CNH 6.5050 CNY 6.4938 JPY 110.92 GBP 1.4494 CHF 0.9751 RUB 66.3710 WTI$ 42.80 (+0.38%)
S&P-0.02% EuroStoxx +0.30% Dax+0.15% SMI+0.15%
Macro :
BOJ Shouldn’t Add Stimulus Now, Ex-Board Member Nakahara Says
Keep an eye on :
- AIR FP : New Saudi Airline Sets Up A320-737 Duel With 50-Jet Fleet Plan
- AI FP : Air Liquide 1Q Revenue Misses Ests.; Airgas Acquisition on Track
- AIXA GY : Aixtron 1Q Sales Miss Ests., Ebit Loss Wider Than Estimated
- BAYN GY : Bayer 1Q Ebitda Ex-Items Beats Estimates; Confirms 2016 Outlook, Says All Segments Posted Gains in 1Q Oper. Results
- BPE IM : Pop. Emilia Romagna May Bid for Carife, Eyes Banca Marche: MF
- CNV FP : CNOVA Qa net Sales €742
- DRTY LN : Steinhoff’s Conforama Considering Its Options for Darty
- DCNS France : France Wins $39 Billion Contract to Build Australian Subs
- DRW3 GY : Draegerwerk Confirms 1Q Preliminary Results, 1Q Net Loss Widens
- DSM NA : DSM 1Q Sales Below Ests., Ebitda Beats; Confirms 2016 Outlook
- ERICB SS : Ericsson Chairman Bought 50,000 Shares in Company on April 22
- EUZ GY : Eckert & Ziegler BEBIG to Raise EU5.06m From Eckert & Ziegler
- GIL GY : DMG Mori Seiki 1Q Sales Rise 1%; Confirms 2016 Outlook
- HEIA NA : Heineken’s Strategy in China Focuses on ‘Super Premium’
- KPN NA : Orange CFO Says No Discussions With KPN, Zain Group
- KRA1V FH :Kemira 1Q Operative Ebitda Beats Estimates, Sales Miss
- LHA GY : Lufthansa Warns of Strikes and Flight Cancellations Wednesday
- LONN SW : Lonza Says 1Q Business Performance Above Target
- MKS LN : Ex-M&S CEO Bolland Said to Join IAG as Non-Exec Director: Sky
- MMT FP : M6-Metropole Television 1Q Sales Rise 1.4%; Ebita Up 15%
- ORA FP : Orange 1Q Rev., Ebitda Match Ests.; Keeps Outlook Unchanged
- UG FP : PSA Emissions-Test Failures Hinged on Distance Settings
- RAND NA : Randstad 1Q Revenue In Line, Sees Improving Conditions in Europe
- SAF FP : Safran 1Q Adj. Rev. Rises 7.8% Y/y; Full-Yr Outlook Confirmed
- SZG GY : Salzgitter 1Q External Sales Drop Y/y, Trailing Est.
- SOW GY : Software AG 1Q Net Rises 57%; Confirms 2016 Outlook
- SWEDA SS : Swedbank 1Q Net Income Beats Estimates; NII Slightly Below
- TEF SM : EU Antitrust Regulators to Block Hutchison’s O2 Deal: Reuters
- TEL NO : Telenor CEO Brekke Says Voice Revenue Decreasing Sharply: DN
- THULE SS : Thule 1Q Sales, Ebit Beat Estimates as Europe Drives Growth
- TIE1V FH : Tieto 1Q Sales, Profit In Line With Estimates; Keeps Guidance
- UMI BB : Umicore Sees FY Adj Ebit Inc. Assoc. EU335M-EU360M; Est. EU345M
- LANS NA : Van Lanschot 1Q Profit Drops 52%; AUM Rise on Net Inflow
- VOW3 GY : VW Passes Toyota Sales as Stoppages Put Four-Year Reign at Risk
- ZC FP : Safran ‘Won’t Comment on Market Rumours’ on Zodiac Interest